Question 1

Contrary to popular belief,research shows that allowing employees to participate in the development of the goals does not really improve their commitment to the goals.

Accepted Answer

A) True 
 B)False

Question 2

Even goals that are easily achieved have a large effect on the overall results at the organizational,unit,subordinate,or personal level.

Accepted Answer

A) True 
 B)False

Question 3

The manager of a residential construction business plans to build more houses next year because interest rates are falling and more people will be able to afford new homes.This plan is an example of ________.

Accepted Answer

A)  benchmarking 
B)  contingency planning 
C)  forecasting 
D)  simulation 
A)  benchmarking 
B)  contingency planning 
C)  forecasting 
D)  simulation

Question 4

Managers should assess the firm's internal resources immediately following the analysis of the external environment.

Accepted Answer

A) True 
 B)False

Question 5

Zero-based budgeting assumes that all funding allocations must be justified from zero each year.

Accepted Answer

A) True 
 B)False

Question 6

A Gantt chart tells us when actions should be started without showing how long actions are expected to take for completion.

Accepted Answer

A) True 
 B)False

Question 7

Ned heads the finance department of a business.At which organizational level is Ned functioning?

Accepted Answer

A)  corporate level 
B)  strategic level 
C)  functional level 
D)  business level 
A)  corporate level 
B)  strategic level 
C)  functional level 
D)  business level

Question 8

The ________ requires a manager to start with the previous year's budget and then present arguments for why the upcoming year's budget should be increased or decreased.

Accepted Answer

A)  performance-based budgeting approach 
B)  zero-based budgeting approach 
C)  income-based budgeting approach 
D)  incremental budgeting approach 
A)  performance-based budgeting approach 
B)  zero-based budgeting approach 
C)  income-based budgeting approach 
D)  incremental budgeting approach

Question 9

It is easier to gauge the outcome of a plan if it was expected to ________.

Accepted Answer

A)  achieve greater employee commitment levels 
B)  improve the firm's financial performance 
C)  reduce the firm's susceptibility to environmental uncertainty 
D)  enhance the company's public image 
A)  achieve greater employee commitment levels 
B)  improve the firm's financial performance 
C)  reduce the firm's susceptibility to environmental uncertainty 
D)  enhance the company's public image

Question 10

A(n)________ typically includes all primary activities on which the unit or organization plans to spend money and the amount allocated for each item during the year.

Accepted Answer

A)  mission statement 
B)  expense budget 
C)  vision statement 
D)  profit and loss statement 
A)  mission statement 
B)  expense budget 
C)  vision statement 
D)  profit and loss statement

Question 11

________ typically identify key factors that could affect the desired results and specify what different actions will be taken if changes in key events occur.

Accepted Answer

A)  Strategic plans 
B)  Operational plans 
C)  Contingency plans 
D)  Tactical plans 
A)  Strategic plans 
B)  Operational plans 
C)  Contingency plans 
D)  Tactical plans

Question 12

Implementing plans is an important stage in the planning process because ________.

Accepted Answer

A)  the of the plan's implementation can affect the results achieved 
B)  this phase overlaps with the analysis of the firm's external environment 
C)  the prioritization of objectives is undertaken during this stage 
D)  the objectives to be achieved are determined during this phase 
A)  the of the plan's implementation can affect the results achieved 
B)  this phase overlaps with the analysis of the firm's external environment 
C)  the prioritization of objectives is undertaken during this stage 
D)  the objectives to be achieved are determined during this phase

Question 13

What are the key planning issues that managers at the corporate level focus on?

Accepted Answer

Corporate-level managers typically focus

Question 14

Operational plans are more complex than strategic and tactical plans and have a direct effect on other plans outside of the department or unit for which the plan was developed.

Accepted Answer

A) True 
 B)False

Question 15

In large organizations,strategic plans are typically developed at the ________ level.

Accepted Answer

A)  corporate 
B)  business 
C)  functional 
D)  operational 
A)  corporate 
B)  business 
C)  functional 
D)  operational

Question 16

Which of the following statements is true regarding tactical plans?

Accepted Answer

A)  They translate strategic plans into specific goals that apply to the entire organization. 
B)  They have longer time frames than strategic and operational plans. 
C)  They typically affect a single business within an organization and its product lines. 
D)  They are broader in scope than strategic plans. 
A)  They translate strategic plans into specific goals that apply to the entire organization. 
B)  They have longer time frames than strategic and operational plans. 
C)  They typically affect a single business within an organization and its product lines. 
D)  They are broader in scope than strategic plans.

Question 17

Which of the following organizational levels is also known as the strategic business unit?

Accepted Answer

A)  corporate level 
B)  business level 
C)  operational level 
D)  functional level 
A)  corporate level 
B)  business level 
C)  operational level 
D)  functional level

Question 18

One of the first challenges for managers as they set objectives is to determine priorities.

Accepted Answer

A) True 
 B)False

Question 19

At the functional level of an organization,a manager would attempt to address the issue of:

Accepted Answer

A)  evaluating the unit's strengths and weaknesses. 
B)  determining the advantages over competitors. 
C)  identifying the business' direct competitors. 
D)  assessing a competitor's strengths and weaknesses. 
A)  evaluating the unit's strengths and weaknesses. 
B)  determining the advantages over competitors. 
C)  identifying the business' direct competitors. 
D)  assessing a competitor's strengths and weaknesses.

Question 20

The planning activities of functional managers are focused on how they can support the business and corporate plans.

Accepted Answer

A) True 
 B)False

Contrary to popular belief,research shows that allowing employees to participate in the development of the goals does not really improve their commitment to the goals.

Even goals that are easily achieved have a large effect on the overall results at the organizational,unit,subordinate,or personal level.

The manager of a residential construction business plans to build more houses next year because interest rates are falling and more people will be able to afford new homes.This plan is an example of ________.

Managers should assess the firm's internal resources immediately following the analysis of the external environment.

Zero-based budgeting assumes that all funding allocations must be justified from zero each year.

A Gantt chart tells us when actions should be started without showing how long actions are expected to take for completion.

Ned heads the finance department of a business.At which organizational level is Ned functioning?

The ________ requires a manager to start with the previous year's budget and then present arguments for why the upcoming year's budget should be increased or decreased.

It is easier to gauge the outcome of a plan if it was expected to ________.

A(n)________ typically includes all primary activities on which the unit or organization plans to spend money and the amount allocated for each item during the year.

________ typically identify key factors that could affect the desired results and specify what different actions will be taken if changes in key events occur.

Implementing plans is an important stage in the planning process because ________.

What are the key planning issues that managers at the corporate level focus on?

Operational plans are more complex than strategic and tactical plans and have a direct effect on other plans outside of the department or unit for which the plan was developed.

In large organizations,strategic plans are typically developed at the ________ level.

Which of the following statements is true regarding tactical plans?

Which of the following organizational levels is also known as the strategic business unit?

One of the first challenges for managers as they set objectives is to determine priorities.

At the functional level of an organization,a manager would attempt to address the issue of:

The planning activities of functional managers are focused on how they can support the business and corporate plans.

The Nature of Management

Social Responsibility and Managerial Ethics

International Management and Globalization

Strategic Management

Organizational Structure and Design

Managing Diverse Human Resources

Leadership

Motivation

Groups and Teams

Communication and Negotiation

Individual and Group Decision Making

Operations Management

Control

Organizational Change and Development

Filters

Exam 5: Planning

Contrary to popular belief,research shows that allowing employees to participate in the development of the goals does not really improve their commitment to the goals.

Even goals that are easily achieved have a large effect on the overall results at the organizational,unit,subordinate,or personal level.

The manager of a residential construction business plans to build more houses next year because interest rates are falling and more people will be able to afford new homes.This plan is an example of ________.

Managers should assess the firm's internal resources immediately following the analysis of the external environment.

Zero-based budgeting assumes that all funding allocations must be justified from zero each year.

A Gantt chart tells us when actions should be started without showing how long actions are expected to take for completion.

Ned heads the finance department of a business.At which organizational level is Ned functioning?

The ________ requires a manager to start with the previous year's budget and then present arguments for why the upcoming year's budget should be increased or decreased.

It is easier to gauge the outcome of a plan if it was expected to ________.

A(n)________ typically includes all primary activities on which the unit or organization plans to spend money and the amount allocated for each item during the year.

________ typically identify key factors that could affect the desired results and specify what different actions will be taken if changes in key events occur.

Implementing plans is an important stage in the planning process because ________.

What are the key planning issues that managers at the corporate level focus on?

Operational plans are more complex than strategic and tactical plans and have a direct effect on other plans outside of the department or unit for which the plan was developed.

In large organizations,strategic plans are typically developed at the ________ level.

Which of the following statements is true regarding tactical plans?

Which of the following organizational levels is also known as the strategic business unit?

One of the first challenges for managers as they set objectives is to determine priorities.

At the functional level of an organization,a manager would attempt to address the issue of:

The planning activities of functional managers are focused on how they can support the business and corporate plans.

The Nature of Management

Social Responsibility and Managerial Ethics

International Management and Globalization

Strategic Management

Organizational Structure and Design

Managing Diverse Human Resources

Leadership

Motivation

Groups and Teams

Communication and Negotiation

Individual and Group Decision Making

Operations Management

Control

Organizational Change and Development

Filters