Question 1

In a short essay, discuss the cost leadership strategy according to Michael Porter.

Accepted Answer

When an organization sets out to be the

Question 2

When Google purchased YouTube, a company that featured different, but related products, Google was engaging in which of the following?

Accepted Answer

A) concentration 
B) forward vertical integration 
C) backward vertical integration 
D) diversification 
A) concentration 
B) forward vertical integration 
C) backward vertical integration 
D) diversification

Question 3

In a short essay, list and discuss two reasons for planning.

Accepted Answer

(any two of the following)
Planning esta

Question 4

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

Accepted Answer

A) somewhat negative conclusions 
B) no conclusion 
C) extremely negative conclusions 
D) generally positive conclusions 
A) somewhat negative conclusions 
B) no conclusion 
C) extremely negative conclusions 
D) generally positive conclusions

Question 5

The specificity of a plan refers to ________ concerns.

Accepted Answer

A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing 
A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing

Question 6

Growth strategies include ________.

Accepted Answer

A) diversification, concentration, integration, stabilization 
B) vertical integration, horizontal integration, concentration, diversification 
C) vertical integration, horizontal integration, lateral integration, horizontal concentration 
D) integration, renewal, horizontal diversification, vertical diversification 
A) diversification, concentration, integration, stabilization 
B) vertical integration, horizontal integration, concentration, diversification 
C) vertical integration, horizontal integration, lateral integration, horizontal concentration 
D) integration, renewal, horizontal diversification, vertical diversification

Question 7

Successful planning depends more on whether managers plan than on the quality of their planning.

Accepted Answer

A) True 
 B)False

Question 8

In formal planning, ________.

Accepted Answer

A) specific goals covering a period of years are defined 
B) to maximize flexibility, specific goals are never spelled out 
C) very broad general goals are developed 
D) goals may be written or unwritten 
A) specific goals covering a period of years are defined 
B) to maximize flexibility, specific goals are never spelled out 
C) very broad general goals are developed 
D) goals may be written or unwritten

Question 9

________ are important because they provide the standards against which all organizational accomplishments are measured.

Accepted Answer

A) Goals 
B) Guidelines 
C) Models 
D) Rules 
A) Goals 
B) Guidelines 
C) Models 
D) Rules

Question 10

A company that looks for a niche in the market is following which strategy?

Accepted Answer

A) cost leadership 
B) differentiation 
C) focus 
D) turnaround 
A) cost leadership 
B) differentiation 
C) focus 
D) turnaround

Question 11

Two movie studios combining to form one larger studio is an example of which of the following?

Accepted Answer

A) forward vertical integration 
B) horizontal integration 
C) backward vertical integration 
D) diversification 
A) forward vertical integration 
B) horizontal integration 
C) backward vertical integration 
D) diversification

Question 12

A diversification strategy focuses on a company becoming its own supplier of inputs.

Accepted Answer

A) True 
 B)False

Question 13

According to Michael Porter, a company with good products that has no clear competitive advantage is said to be ________.

Accepted Answer

A) perfectly positioned 
B) stuck in the middle 
C) in the wheelhouse 
D) outside of the box 
A) perfectly positioned 
B) stuck in the middle 
C) in the wheelhouse 
D) outside of the box

Question 14

A six-month plan qualifies as a short-term plan.

Accepted Answer

A) True 
 B)False

Question 15

Directional plans leave no room for interpretation.

Accepted Answer

A) True 
 B)False

Question 16

This term describes an electric shaver company that carefully observes its competitor's production line to look for ways to improve its own manufacturing process.

Accepted Answer

A) trademarking 
B) benchmarking 
C) quality engineering 
D) reverse marketing 
A) trademarking 
B) benchmarking 
C) quality engineering 
D) reverse marketing

Question 17

The more uncertain a situation is, the more ________ plans must be.

Accepted Answer

A) unspecific 
B) long term 
C) flexible 
D) short term 
A) unspecific 
B) long term 
C) flexible 
D) short term

Question 18

An organization's capabilities identify ________.

Accepted Answer

A) what the organization knows 
B) who the organization is 
C) assets that the organization can rely on 
D) what the organization can do 
A) what the organization knows 
B) who the organization is 
C) assets that the organization can rely on 
D) what the organization can do

Question 19

Troubled companies seek ________ to address serious problems.

Accepted Answer

A) competitive strategies 
B) corporate strategies 
C) vertical and horizontal strategies 
D) renewal strategies 
A) competitive strategies 
B) corporate strategies 
C) vertical and horizontal strategies 
D) renewal strategies

Question 20

A sneaker company creating its own stores where it sells only its own brand is an example of which of the following?

Accepted Answer

A) forward vertical integration 
B) backward horizontal integration 
C) forward horizontal integration 
D) reverse vertical integration 
A) forward vertical integration 
B) backward horizontal integration 
C) forward horizontal integration 
D) reverse vertical integration

In a short essay, discuss the cost leadership strategy according to Michael Porter.

When Google purchased YouTube, a company that featured different, but related products, Google was engaging in which of the following?

In a short essay, list and discuss two reasons for planning.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

The specificity of a plan refers to ________ concerns.

Growth strategies include ________.

Successful planning depends more on whether managers plan than on the quality of their planning.

In formal planning, ________.

________ are important because they provide the standards against which all organizational accomplishments are measured.

A company that looks for a niche in the market is following which strategy?

Two movie studios combining to form one larger studio is an example of which of the following?

A diversification strategy focuses on a company becoming its own supplier of inputs.

According to Michael Porter, a company with good products that has no clear competitive advantage is said to be ________.

A six-month plan qualifies as a short-term plan.

Directional plans leave no room for interpretation.

This term describes an electric shaver company that carefully observes its competitor's production line to look for ways to improve its own manufacturing process.

The more uncertain a situation is, the more ________ plans must be.

An organization's capabilities identify ________.

Troubled companies seek ________ to address serious problems.

A sneaker company creating its own stores where it sells only its own brand is an example of which of the following?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters

Exam 5: Foundations of Planning

In a short essay, discuss the cost leadership strategy according to Michael Porter.

When Google purchased YouTube, a company that featured different, but related products, Google was engaging in which of the following?

In a short essay, list and discuss two reasons for planning.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

The specificity of a plan refers to ________ concerns.

Growth strategies include ________.

Successful planning depends more on whether managers plan than on the quality of their planning.

In formal planning, ________.

________ are important because they provide the standards against which all organizational accomplishments are measured.

A company that looks for a niche in the market is following which strategy?

Two movie studios combining to form one larger studio is an example of which of the following?

A diversification strategy focuses on a company becoming its own supplier of inputs.

According to Michael Porter, a company with good products that has no clear competitive advantage is said to be ________.

A six-month plan qualifies as a short-term plan.

Directional plans leave no room for interpretation.

This term describes an electric shaver company that carefully observes its competitor's production line to look for ways to improve its own manufacturing process.

The more uncertain a situation is, the more ________ plans must be.

An organization's capabilities identify ________.

Troubled companies seek ________ to address serious problems.

A sneaker company creating its own stores where it sells only its own brand is an example of which of the following?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters