Question 1

The protective purpose of planning is to ________.

Accepted Answer

A)  ensure integration among the organization's various business units 
B)  increase the degree of organizational success 
C)  optimize the use of organizational resources 
D)  minimize risk by reducing the uncertainties surrounding business conditions 
E)  maximize the organization's ability to leverage environmental opportunities 
A)  ensure integration among the organization's various business units 
B)  increase the degree of organizational success 
C)  optimize the use of organizational resources 
D)  minimize risk by reducing the uncertainties surrounding business conditions 
E)  maximize the organization's ability to leverage environmental opportunities

Question 2

Which of the following is an advantage of planning?

Accepted Answer

A)  It eliminates all risks. 
B)  It enhances decision coordination. 
C)  It emphasizes immediate goals. 
D)  It suboptimizes the use of resources. 
E)  It promotes individual performance. 
A)  It eliminates all risks. 
B)  It enhances decision coordination. 
C)  It emphasizes immediate goals. 
D)  It suboptimizes the use of resources. 
E)  It promotes individual performance.

Question 3

Walt is a sales manager charged with allocating funds, resources, and labor costs for the coming year. In doing so he is preparing a ________.

Accepted Answer

A)  budget 
B)  standing plan 
C)  procedure 
D)  tactic 
E)  rule 
A)  budget 
B)  standing plan 
C)  procedure 
D)  tactic 
E)  rule

Question 4

________ is a standing plan that designates specific required action.

Accepted Answer

A)  A resource 
B)  A rule 
C)  A budget 
D)  A strategy 
E)  A responsibility 
A)  A resource 
B)  A rule 
C)  A budget 
D)  A strategy 
E)  A responsibility

Question 5

Discuss the differences between plans, goals, objectives, premises, and assumptions.

Accepted Answer

A firm's goals identify where the firm i

Question 6

An organization's plans fail when ________.

Accepted Answer

A)  corporate planning is not integrated into the total management system 
B)  the plans developed need considerable effort to be realized 
C)  responsibility for planning is vested in the planning department, as well as other departments 
D)  financial projections and planning are not integrated 
E)  too little is attempted at once in starting formal planning 
A)  corporate planning is not integrated into the total management system 
B)  the plans developed need considerable effort to be realized 
C)  responsibility for planning is vested in the planning department, as well as other departments 
D)  financial projections and planning are not integrated 
E)  too little is attempted at once in starting formal planning

Question 7

________ method utilizes historical data to predict future sales levels.

Accepted Answer

A)  Resource allocator 
B)  Disturbance handler 
C)  Salesforce estimation 
D)  Regression 
E)  Moving average 
A)  Resource allocator 
B)  Disturbance handler 
C)  Salesforce estimation 
D)  Regression 
E)  Moving average

Question 8

________ are techniques managers can use to help develop plans.

Accepted Answer

A)  Departmental planners 
B)  Organizational planners 
C)  Sales forecasts 
D)  Planning tools 
E)  Product stages 
A)  Departmental planners 
B)  Organizational planners 
C)  Sales forecasts 
D)  Planning tools 
E)  Product stages

Question 9

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

Accepted Answer

A)  Forecasting 
B)  Disturbance 
C)  Planning 
D)  Scheduling 
E)  Monitoring 
A)  Forecasting 
B)  Disturbance 
C)  Planning 
D)  Scheduling 
E)  Monitoring

Question 10

________ refers to what a firm exists to do, given a particular group of customers and customer needs.

Accepted Answer

A)  An operational plan 
B)  A unique selling proposition 
C)  An organizational purpose 
D)  A long-term goal 
E)  A vision statement 
A)  An operational plan 
B)  A unique selling proposition 
C)  An organizational purpose 
D)  A long-term goal 
E)  A vision statement

The protective purpose of planning is to ________.

Which of the following is an advantage of planning?

Walt is a sales manager charged with allocating funds, resources, and labor costs for the coming year. In doing so he is preparing a ________.

________ is a standing plan that designates specific required action.

Discuss the differences between plans, goals, objectives, premises, and assumptions.

An organization's plans fail when ________.

________ method utilizes historical data to predict future sales levels.

________ are techniques managers can use to help develop plans.

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

________ refers to what a firm exists to do, given a particular group of customers and customer needs.

Principles of Modern Management: Concepts and Skills

Managers, Society, and Sustainability

Management and Diversity

Managing in the Global Arena

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Production and Control

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters

Exam 5: Plans and Planning Tools

The protective purpose of planning is to ________.

Which of the following is an advantage of planning?

Walt is a sales manager charged with allocating funds, resources, and labor costs for the coming year. In doing so he is preparing a ________.

________ is a standing plan that designates specific required action.

Discuss the differences between plans, goals, objectives, premises, and assumptions.

An organization's plans fail when ________.

________ method utilizes historical data to predict future sales levels.

________ are techniques managers can use to help develop plans.

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

________ refers to what a firm exists to do, given a particular group of customers and customer needs.

Principles of Modern Management: Concepts and Skills

Managers, Society, and Sustainability

Management and Diversity

Managing in the Global Arena

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Production and Control

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters