Question 1

Which of the following issues is unlikely to be addressed by a corporate-level executive?

Accepted Answer

A)  the industries that the organization should get into or out of 
B)  the resources to be allocated to each of the businesses 
C)  the businesses in which the organization should invest money 
D)  the advantages held over the business' competitors 
A)  the industries that the organization should get into or out of 
B)  the resources to be allocated to each of the businesses 
C)  the businesses in which the organization should invest money 
D)  the advantages held over the business' competitors

Question 2

________ is a decision-making process that focuses on the future of an organization and how it will achieve its goals.

Accepted Answer

A)  Planning 
B)  Programming 
C)  Implementation 
D)  Budgeting 
A)  Planning 
B)  Programming 
C)  Implementation 
D)  Budgeting

Question 3

Effective planning at top organizational levels impacts a firm's performance more than planning at middle and lower levels.

Accepted Answer

A) True 
 B)False

Question 4

A(n)________ specifies the amount of money the manager is authorized to spend and what items can be purchased or what expenses are allowed.

Accepted Answer

A)  proposed budget 
B)  approved budget 
C)  operational budget 
D)  capital budget 
A)  proposed budget 
B)  approved budget 
C)  operational budget 
D)  capital budget

Question 5

The setting of organizational objectives must be preceded by the development of organizational plans.

Accepted Answer

A) True 
 B)False

Question 6

Explain the organizational objectives in this scenario.

Accepted Answer

The organizational objective is to enlar

Question 7

________ serve as the future "end states" targeted by its managers.

Accepted Answer

A)  Tactics 
B)  Strategies 
C)  Objectives 
D)  Plans 
A)  Tactics 
B)  Strategies 
C)  Objectives 
D)  Plans

Question 8

Which of the following is NOT a feature of tactical plans?

Accepted Answer

A)  specificity 
B)  high complexity and broad scope 
C)  shorter time frames 
D)  focus on a single business within an organization 
A)  specificity 
B)  high complexity and broad scope 
C)  shorter time frames 
D)  focus on a single business within an organization

Question 9

Which of the following is an issue managers address when assessing the firm's internal resources?

Accepted Answer

A)  evaluation of the available human capital 
B)  study of best practices of competitors and noncompetitors 
C)  incorporation of environmental uncertainty into the firm's plans 
D)  assessment of value of the firm's products or services 
A)  evaluation of the available human capital 
B)  study of best practices of competitors and noncompetitors 
C)  incorporation of environmental uncertainty into the firm's plans 
D)  assessment of value of the firm's products or services

Question 10

Which of the following statements is true about strategic plans?

Accepted Answer

A)  They focus on the immediate functional aspects of an organization. 
B)  They have moderate interdependence and cross-functional relevance. 
C)  They have a narrow scope, a departmental focus, and a short time frame. 
D)  They focus on the broad future of the organization. 
A)  They focus on the immediate functional aspects of an organization. 
B)  They have moderate interdependence and cross-functional relevance. 
C)  They have a narrow scope, a departmental focus, and a short time frame. 
D)  They focus on the broad future of the organization.

Question 11

________ involves investigating the best practices used by competitors and noncompetitors and imitating those that can be done in the firm.

Accepted Answer

A)  Benchmarking 
B)  Competitive intelligence 
C)  Forecasting 
D)  Corporate espionage 
A)  Benchmarking 
B)  Competitive intelligence 
C)  Forecasting 
D)  Corporate espionage

Question 12

A(n)________ budget outlines how much money an organization needs,and it is submitted to a superior or a budget review committee.

Accepted Answer

A)  approved 
B)  pro forma 
C)  proposed 
D)  linked 
A)  approved 
B)  pro forma 
C)  proposed 
D)  linked

Which of the following issues is unlikely to be addressed by a corporate-level executive?

________ is a decision-making process that focuses on the future of an organization and how it will achieve its goals.

Effective planning at top organizational levels impacts a firm's performance more than planning at middle and lower levels.

A(n)________ specifies the amount of money the manager is authorized to spend and what items can be purchased or what expenses are allowed.

The setting of organizational objectives must be preceded by the development of organizational plans.

Explain the organizational objectives in this scenario.

________ serve as the future "end states" targeted by its managers.

Which of the following is NOT a feature of tactical plans?

Which of the following is an issue managers address when assessing the firm's internal resources?

Which of the following statements is true about strategic plans?

________ involves investigating the best practices used by competitors and noncompetitors and imitating those that can be done in the firm.

A(n)________ budget outlines how much money an organization needs,and it is submitted to a superior or a budget review committee.

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

Which of the following issues is unlikely to be addressed by a corporate-level executive?

________ is a decision-making process that focuses on the future of an organization and how it will achieve its goals.

Effective planning at top organizational levels impacts a firm's performance more than planning at middle and lower levels.

A(n)________ specifies the amount of money the manager is authorized to spend and what items can be purchased or what expenses are allowed.

The setting of organizational objectives must be preceded by the development of organizational plans.

Explain the organizational objectives in this scenario.

________ serve as the future "end states" targeted by its managers.

Which of the following is NOT a feature of tactical plans?

Which of the following is an issue managers address when assessing the firm's internal resources?

Which of the following statements is true about strategic plans?

________ involves investigating the best practices used by competitors and noncompetitors and imitating those that can be done in the firm.

A(n)________ budget outlines how much money an organization needs,and it is submitted to a superior or a budget review committee.

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