Exam 7: Managerial Planning and Goal Setting

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Because they provide legitimacy, rationale for decisions, and an increase in motivation and commitment, goals and plans are valuable to an organization.

(True/False)
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__________ specify future ends and __________ specify today's means.

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Which of these are described by mission statements?

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Yard 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. Yard Fence is missing which major activity that must occur in order for MBO to be successful?

(Multiple Choice)
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_________________________ and plans are the responsibilities of middle managers.

(Short Answer)
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The planning process begins with which of these?

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Although ____________________ planning approaches are still popular with some organizations, ____________________ planning are being criticized as inappropriate for today's fast-paced environment.

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Tactical goals and plans are the responsibility of middle managers.

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A(n) ____________________ is a desired future state that the organization attempts to realize.

(Short Answer)
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__________ represent plans developed at the organization's lower levels that specify action steps toward achieving operational goals and that support tactical planning activities.

(Multiple Choice)
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A long-term time frame is most closely associated with

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Turtle Terrace should use traditional planning since that is the type of planning every company uses.

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Which of these is true about single-use plans?

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List the five characteristics of effective goals.

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All of the following are ways in which companies can bring about relentless drive for progress EXCEPT

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A project is an example of a

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A special type of contingency plan that is used when events are sudden and devastating and require immediate response is called ________________________________________.

(Short Answer)
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List the four major activities that must occur in order for MBO to succeed.

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____________________ describes the organization's reason for existence.

(Short Answer)
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Managers believe that they are better oriented toward goal achievement when ________________________________________ is used.

(Short Answer)
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