Question 1

Which one of the following is true of the impact of formal planning on organizational performance?

Accepted Answer

A)  Formal planning is associated with positive financial results. 
B)  Organizations that formally plan invariably outperform those that don't plan. 
C)  The amount of planning done is more important to high performance than the quality of planning and implementation. 
D)  Companies can start seeing the impact of formal planning on performance about a year after starting the planning process. 
A)  Formal planning is associated with positive financial results. 
B)  Organizations that formally plan invariably outperform those that don't plan. 
C)  The amount of planning done is more important to high performance than the quality of planning and implementation. 
D)  Companies can start seeing the impact of formal planning on performance about a year after starting the planning process.

Question 2

Which one of the following reflects the way goals are used in an MBO program?

Accepted Answer

A)  Goals are used to prepare financial budgets for each unit. 
B)  Goals are used to broadly set the direction subject to encourage interpretation by individual managers. 
C)  Apart from being used to ensure that employees are doing what they are supposed to be doing, goals are used as a motivating tool for employees. 
D)  Goals are used to compare organizational performance year over year. 
A)  Goals are used to prepare financial budgets for each unit. 
B)  Goals are used to broadly set the direction subject to encourage interpretation by individual managers. 
C)  Apart from being used to ensure that employees are doing what they are supposed to be doing, goals are used as a motivating tool for employees. 
D)  Goals are used to compare organizational performance year over year.

Question 3

A standing plan is ________.

Accepted Answer

A)  an ongoing plan that provides guidance for activities performed repeatedly 
B)  a plan that stands in place of a preferred plan in case of the failure of the latter 
C)  a one-time plan specifically designed to meet the needs of a unique situation 
D)  a flexible plan that sets out general guidelines for company strategy 
A)  an ongoing plan that provides guidance for activities performed repeatedly 
B)  a plan that stands in place of a preferred plan in case of the failure of the latter 
C)  a one-time plan specifically designed to meet the needs of a unique situation 
D)  a flexible plan that sets out general guidelines for company strategy

Question 4

When formal planning fails to lead to higher performance, which one of the following is most likely to be the reason for the failure?

Accepted Answer

A)  A participative style of planning was used. 
B)  Managers were allowed too much autonomy. 
C)  The company emphasized the control function over other functions. 
D)  External forces constrain managers' options. 
A)  A participative style of planning was used. 
B)  Managers were allowed too much autonomy. 
C)  The company emphasized the control function over other functions. 
D)  External forces constrain managers' options.

Question 5

What plans are preferable when uncertainty is high in the business environment?

Accepted Answer

A)  standing plans 
B)  directional plans 
C)  operational plans 
D)  long-term plans 
A)  standing plans 
B)  directional plans 
C)  operational plans 
D)  long-term plans

Question 6

Which one of the following factors has contributed to the decline in the number of years used to define short-term and long-term plans?

Accepted Answer

A)  environmental uncertainty 
B)  economic recessions 
C)  flattened organizational structures 
D)  stagnant business conditions 
A)  environmental uncertainty 
B)  economic recessions 
C)  flattened organizational structures 
D)  stagnant business conditions

Question 7

________ involves defining the organization's goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities.

Accepted Answer

A)  Execution 
B)  Logistics 
C)  Planning 
D)  Operations 
A)  Execution 
B)  Logistics 
C)  Planning 
D)  Operations

Question 8

Which one of the following would be a well-written goal for an online retailer operating in a volatile business environment?

Accepted Answer

A)  To minimize costs, maximize profits, and maximize return on investment. 
B)  To accelerate our growth to the maximum possible level over the next three years. 
C)  To achieve a 25 percent growth in revenue, which is defined as the number of items sold multiplied by their price. 
D)  To invoice merchandise worth $200,000, every month, for the next three years. 
A)  To minimize costs, maximize profits, and maximize return on investment. 
B)  To accelerate our growth to the maximum possible level over the next three years. 
C)  To achieve a 25 percent growth in revenue, which is defined as the number of items sold multiplied by their price. 
D)  To invoice merchandise worth $200,000, every month, for the next three years.

Which one of the following is true of the impact of formal planning on organizational performance?

Which one of the following reflects the way goals are used in an MBO program?

A standing plan is ________.

When formal planning fails to lead to higher performance, which one of the following is most likely to be the reason for the failure?

What plans are preferable when uncertainty is high in the business environment?

Which one of the following factors has contributed to the decline in the number of years used to define short-term and long-term plans?

________ involves defining the organization's goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities.

Which one of the following would be a well-written goal for an online retailer operating in a volatile business environment?

Managers and You in the Workplace

Decision Making

Globalmanagement

Valuing a Diverse Workforce

Socially Conscious Management

Managing Change

Constraints Onmanagers

Strategic Planning

Fostering Entrepreneurship

Organization Design

Organizing Around Teams

Human Resourcemanagement

Interpersonal and Organizational Communication

Organizational Behavior

Leadership

Motivating Employees

Controlling Activities and Operations

Filters

Exam 8: Planning and Goal-Setting

Which one of the following is true of the impact of formal planning on organizational performance?

Which one of the following reflects the way goals are used in an MBO program?

A standing plan is ________.

When formal planning fails to lead to higher performance, which one of the following is most likely to be the reason for the failure?

What plans are preferable when uncertainty is high in the business environment?

Which one of the following factors has contributed to the decline in the number of years used to define short-term and long-term plans?

________ involves defining the organization's goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities.

Which one of the following would be a well-written goal for an online retailer operating in a volatile business environment?

Managers and You in the Workplace

Decision Making

Globalmanagement

Valuing a Diverse Workforce

Socially Conscious Management

Managing Change

Constraints Onmanagers

Strategic Planning

Fostering Entrepreneurship

Organization Design

Organizing Around Teams

Human Resourcemanagement

Interpersonal and Organizational Communication

Organizational Behavior

Leadership

Motivating Employees

Controlling Activities and Operations

Filters