Exam 5: Plans and Planning Tools

One of the organizational objectives of Valpo Industries, a pharmaceutical firm, is "to develop a new line of drugs for the treatment of life-threatening diseases such as cancer and AIDS, through the use of patented technology and processes." According to Drucker, this objective relates to ________.

Which of the following is NOT a step in designing a PERT network?

A study of failed planning showed that preventing a failure in planning begins with ensuring ________.

A sales manager sets the following performance objective for members of his sales team: To increase customer sales by 10 percent within the next 6 months. Which of the following is a valid criticism of this objective?

Walt Biggs is general manager at a plumbing contractor. He is currently working on designing the procedures and policies the company will use as it schedules its employees on customer projects. Which of the following managerial functions is Walt undertaking?

Short-term objectives are targets to be achieved within five to seven years.

When using PERT, the sequence of events requiring the longest period of time is considered to be critical because one delay in the activities results in delays in the completion of a project.

Alisa is trying to determine how to get her employees more involved in the company's plans and goals. Which of the following actions could she take as she begins identifying the goals for her department for the upcoming year?

Which of the following techniques is used for scheduling resources?

Plans fail when management fails to grasp the overall planning process.

According to Drucker, which of the following goal areas relates to a tangible, impersonal characteristic of organizational operations?

Intermediate-term objectives are targets to be achieved in ________.

Organizations who set their goal targets high enough so that employees have to work above and beyond their typical productivity levels are highly successful organizations.

Premises are the assumptions upon which alternatives to reaching organizational objectives are based.

According to Drucker, which of the following key areas for organizational objectives is more personal and subjective in nature, and hence likely to arouse managerial opposition?

When determining goals to increase profitability, a manager assuming his company can gain a larger share of its market is an example of a(an) ________.

Which of the following guidelines for establishing quality objectives helps in keeping the risk of suboptimization to a minimum?

Plaxo Industries is a large-scale manufacturer of commercial kitchen equipment. Its products are currently sold in Europe and the Middle East. Plaxo wants to foray into the Asian market, and the company's management has set a target of entering the Chinese market by 2018. This is an example of a(n) ________.

The main weakness of the Gantt chart is that ________.

The sales force estimation method is a sales forecasting technique that tracks sales by estimating the perceptions of salespeople as a group.