Question 1

Which of the following statements is true regarding an organization's goals?

Accepted Answer

A)  All organizations share the single goal of making profits. 
B)  A single goal is more efficient than multiple goals for defining an organization's success. 
C)  Using a single goal such as profit may result in unethical behaviors by employees. 
D)  Long-term success is ensured if managers emphasize only one goal for an organization. 
A)  All organizations share the single goal of making profits. 
B)  A single goal is more efficient than multiple goals for defining an organization's success. 
C)  Using a single goal such as profit may result in unethical behaviors by employees. 
D)  Long-term success is ensured if managers emphasize only one goal for an organization.

Question 2

________ involves the theft of proprietary materials or trade secrets by any means.

Accepted Answer

A)  Corporate espionage 
B)  Business intelligence 
C)  Data mining 
D)  Data aggregation 
A)  Corporate espionage 
B)  Business intelligence 
C)  Data mining 
D)  Data aggregation

Question 3

Planning provides direction to managers and nonmanagers alike.

Accepted Answer

A) True 
 B)False

Question 4

Top executives are mainly involved in ________ planning.

Accepted Answer

A)  functional 
B)  operational 
C)  strategic 
D)  departmental 
A)  functional 
B)  operational 
C)  strategic 
D)  departmental

Question 5

Most businesses have only the single goal of making profits.

Accepted Answer

A) True 
 B)False

Question 6

Considering the characteristics of well-written goals, which of the following would be a well-written goal for the above scenario?

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.

Question 7

________ planning dominates managers' planning efforts at lower levels of the organization.

Accepted Answer

A)  Strategic 
B)  Organization-wide 
C)  Operational 
D)  Directional 
A)  Strategic 
B)  Organization-wide 
C)  Operational 
D)  Directional

Question 8

Which of the following is the last step in MBO?

Accepted Answer

A)  Progress toward objectives is periodically reviewed, and feedback is provided. 
B)  The organization's overall objectives and strategies are formulated. 
C)  Successful achievement of objectives is reinforced by performance-based rewards. 
D)  Action plans are implemented. 
A)  Progress toward objectives is periodically reviewed, and feedback is provided. 
B)  The organization's overall objectives and strategies are formulated. 
C)  Successful achievement of objectives is reinforced by performance-based rewards. 
D)  Action plans are implemented.

Question 9

In traditional goal setting, goals set by top managers flow down through the organization and become subgoals for each organizational area.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is the last step in goal setting?

Accepted Answer

A)  review the organization's mission or purpose 
B)  determine the goals individually or with input from others 
C)  write down the goals and communicate them to all who need to know 
D)  review results and whether goals are being met 
A)  review the organization's mission or purpose 
B)  determine the goals individually or with input from others 
C)  write down the goals and communicate them to all who need to know 
D)  review results and whether goals are being met

Question 11

Organizational plans can be classified on the basis of all of the following characteristics, except on the basis of their ________.

Accepted Answer

A)  breadth 
B)  attainability 
C)  specificity 
D)  frequency of use 
A)  breadth 
B)  attainability 
C)  specificity 
D)  frequency of use

Question 12

Operational plans are usually ________.

Accepted Answer

A)  short term, directional, and standing 
B)  short term, specific, and standing 
C)  long term, directional, and single use 
D)  long term, specific, and standing 
A)  short term, directional, and standing 
B)  short term, specific, and standing 
C)  long term, directional, and single use 
D)  long term, specific, and standing

Question 13

________ plans apply to the entire organization and establish the organization's overall goals.

Accepted Answer

A)  Departmental 
B)  Strategic 
C)  Operational 
D)  Specific 
A)  Departmental 
B)  Strategic 
C)  Operational 
D)  Specific

Question 14

Plans that encompass only the production or the sales goals of a company are termed ________ plans.

Accepted Answer

A)  operational 
B)  strategic 
C)  informal 
D)  financial 
A)  operational 
B)  strategic 
C)  informal 
D)  financial

Question 15

Absence of planning does not inhibit the ability of departments and individuals to work together or organizations to move.

Accepted Answer

A) True 
 B)False

Question 16

In a short essay, describe how managers can effectively plan when the external environment is continually changing.

Accepted Answer

In an uncertain environment, managers wa

Question 17

Long-term plans are defined as those with a time frame beyond ________.

Accepted Answer

A)  seven years 
B)  one year 
C)  five years 
D)  three years 
A)  seven years 
B)  one year 
C)  five years 
D)  three years

Question 18

When uncertainty is high and managers must be flexible in order to respond to unexpected changes, directional plans are preferable.

Accepted Answer

A) True 
 B)False

Question 19

What is competitor intelligence? Identify some of the sources of competitor intelligence? Discuss the legal and ethical issues related to this concept.

Accepted Answer

Competitor intelligence involves gatheri

Question 20

The first step in goal setting is to evaluate available resources.

Accepted Answer

A) True 
 B)False

Which of the following statements is true regarding an organization's goals?

________ involves the theft of proprietary materials or trade secrets by any means.

Planning provides direction to managers and nonmanagers alike.

Top executives are mainly involved in ________ planning.

Most businesses have only the single goal of making profits.

Considering the characteristics of well-written goals, which of the following would be a well-written goal for the above scenario?

________ planning dominates managers' planning efforts at lower levels of the organization.

Which of the following is the last step in MBO?

In traditional goal setting, goals set by top managers flow down through the organization and become subgoals for each organizational area.

Which of the following is the last step in goal setting?

Organizational plans can be classified on the basis of all of the following characteristics, except on the basis of their ________.

Operational plans are usually ________.

________ plans apply to the entire organization and establish the organization's overall goals.

Plans that encompass only the production or the sales goals of a company are termed ________ plans.

Absence of planning does not inhibit the ability of departments and individuals to work together or organizations to move.

In a short essay, describe how managers can effectively plan when the external environment is continually changing.

Long-term plans are defined as those with a time frame beyond ________.

When uncertainty is high and managers must be flexible in order to respond to unexpected changes, directional plans are preferable.

What is competitor intelligence? Identify some of the sources of competitor intelligence? Discuss the legal and ethical issues related to this concept.

The first step in goal setting is to evaluate available resources.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Strategic Management

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 8: Foundations of Planning

Which of the following statements is true regarding an organization's goals?

________ involves the theft of proprietary materials or trade secrets by any means.

Planning provides direction to managers and nonmanagers alike.

Top executives are mainly involved in ________ planning.

Most businesses have only the single goal of making profits.

Considering the characteristics of well-written goals, which of the following would be a well-written goal for the above scenario?

________ planning dominates managers' planning efforts at lower levels of the organization.

Which of the following is the last step in MBO?

In traditional goal setting, goals set by top managers flow down through the organization and become subgoals for each organizational area.

Which of the following is the last step in goal setting?

Organizational plans can be classified on the basis of all of the following characteristics, except on the basis of their ________.

Operational plans are usually ________.

________ plans apply to the entire organization and establish the organization's overall goals.

Plans that encompass only the production or the sales goals of a company are termed ________ plans.

Absence of planning does not inhibit the ability of departments and individuals to work together or organizations to move.

In a short essay, describe how managers can effectively plan when the external environment is continually changing.

Long-term plans are defined as those with a time frame beyond ________.

When uncertainty is high and managers must be flexible in order to respond to unexpected changes, directional plans are preferable.

What is competitor intelligence? Identify some of the sources of competitor intelligence? Discuss the legal and ethical issues related to this concept.

The first step in goal setting is to evaluate available resources.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Strategic Management

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters