Exam 5: Managerial Planning and Goal Setting

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The mission is the basis for the strategic level of goals and plans,which in turn shapes the tactical and operational level.

(True/False)
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Traditionally,if Stephanie,CEO of Butterfly Pillows,needed to conduct corporate planning,it would be performed by all of the following EXCEPT

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Which of the following is NOT a tool for executing a plan?

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Goals help managers decide where they need to allocate resources.

(True/False)
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If Renae,manager at Leak Free Roofing,wanted to develop a contingency plan for Leak Free,she would need to look at factors such as new equipment,the economy,and the company workers' compensation cases.

(True/False)
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A top-down management style has been identified as a silent killer of strategy.

(True/False)
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Goals and plans are valuable to an organization because they provide rationale for decisions,a guide to action,and an increase in motivation and commitment.

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Defining operational goals and plans occurs in the plan development phase of the organizational planning process.

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A long-term time frame is most closely associated with

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A statement that identifies distinguishing characteristics of an organization is known as

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One major limitation of goals and plans is:

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As a result of the growth of the Internet,barriers to entry into new markets are now much higher than ever before.

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Top managers make the broad strategic plan and identify specific tactical plans.

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Of the strategic management functions,which is considered the most fundamental?

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____ refers to a broadly stated definition of the organization's basic business scope and operations that distinguishes it from similar types of organizations.

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Alabama Airlines has three planning specialists who help division managers develop their own division plans.Serving as consultants to the divisions,the planning specialists give advice about strengths,weaknesses,opportunities,and threats.Alabama Airlines is utilizing what approach to the planning function?

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People need to understand how their individual actions can contribute to achieving an organizational strategy. This can be accomplished by delegating authority,creating teams,and defining roles. These actions are part of which tool for putting strategy into action?

(Multiple Choice)
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In centralized planning,managers work with planning experts to develop their own goals and plans.

(True/False)
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Persuasion,motivation,and changes in cultures and values are examples of which of the dimensions used to execute strategy?

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Goals are most effective when they are specific,measurable,challenging and linked to rewards.

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