Exam 5: Managerial Planning and Goal Setting

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Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

(True/False)
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The ____ strategy involves strong central authority,cutting costs,and maintaining standard operating procedures to be more efficient than competitors.

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Goals are typically stated in quantitative terms.

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Darren set goals for each of his employees.Each employee ended up with at least twenty-five goals.This process violates which of the following criteria for effective goals?

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The ultimate impact of goals depended on the extent to which goal achievement is linked to

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Goals that define the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals is called

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Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

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A plan tells "why" to achieve the goal.

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____ can be defined as the combination of benefits received and costs paid by the customer.

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When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone,__________ occurs.

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List the four components of a SWOT analysis.

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____ refers to the use of managerial tools to direct resources toward the achievement of strategic results.

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Broad statements describing where the organization wants to be in the future are called ____________________.

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Roxanne is a manager at Geronimo Gaming.She recently attended a seminar on goal setting.She wishes to use goals to provide a sense of direction to her staff.She is using goals as

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Which of these are true about contingency plans?

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In order for goals to be effective,they should be challenging but realistic.

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____________________ and plans are the responsibilities of middle managers.

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Which of these is(are)primarily concerned with tactical goals/plans?

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Goals specify today's means; plans specify future ends.

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Which of the following refer to specific results expected from individuals?

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