Exam 7: Managerial Planning and Goal Setting

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

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Goals must be set for every aspect of employee behavior for organizational performance to be effective.

(True/False)
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Which of the following is a commonly-cited limitation of planning?

(Multiple Choice)
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_____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

(Multiple Choice)
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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.

(True/False)
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Jeff is a top manager at a textile factory. He is developing a crisis plan in the event that the company has a toxic spill or accident. Which of the following should Jeff undertake to prepare for such a crisis?

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

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Tactical goals and plans are the responsibility of front-line managers and supervisors.

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In what ways do plans and goals benefit an organization?

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

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

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_____ define the action steps by which an organization intends to attain its strategic goals.

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In developing a strategy map for her interior design business, Carla has decided to promote employee development by providing online training tools. This involves goals in which strategy map category?

(Multiple Choice)
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A blueprint specifying the resource allocations schedules, and other actions necessary for attaining goals is referred to as a(n) _____.

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

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Step 1 in Management by Objectives is to review progress.

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

(True/False)
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The official goals of the organization are best represented by the _____.

(Multiple Choice)
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The CEO of Andre's Autos, Inc. must do all of the planning for the company because that is the way to do things in today's workplace.

(True/False)
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High Fence Corporation is currently implementing an MBO program. Managers and employees jointly set objectives and develop action plans, and goal achievement is evaluated on an annual basis. High Fence is missing which major activity that must occur in order for MBO to be successful?

(Multiple Choice)
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