Exam 7: Managerial Planning and Goal Setting

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List the five characteristics of effective goals.

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A(n) _____ is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions.

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_____ is the act of determining the organization's goals and the means for achieving them.

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Standing plans define company responses to specific situations such as natural emergencies or competitive setbacks.

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List and define the four major activities that must occur in order for management by objectives (MBO) to succeed.

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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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Crisis plans define company responses to be taken in the case of emergencies, setbacks, or unexpected conditions.

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An action plan defines the course of action needed to achieve the stated goals.

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A desired future state that the individual or organization attempts to realize is a goal.

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

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The traditional approach to corporate planning was to:

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

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Sales in relation to targets is an example of a balanced scorecard metric.

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A broad definition of the organization's values, aspiration and reason for being, along with a recognition of the scope and operations that distinguishes the organization refers to a Business Plan.

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

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Three critical planning methods are contingency planning, building scenarios, and crisis planning.

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The two stages of crisis planning include:

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One major limitation of goals and plans is:

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Scenario - Katelynn Kareem Managers at WXYZ just announced that the new management program would be focused around MBO concepts. Katelynn Kareem had been a manager at WXYZ for ten years and she was not certain if this new MBO approach was going to fit her department. She had strong commitment to achieving the company's objectives, but she also knew her employees well enough to know that some didn't share the same commitment. -Katelynn can anticipate enjoying the advantages of MBO which include:

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Sherry is a first-line supervisor at Rooftop Corporation. She is most concerned with which level of goals?

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