Question 1

An internal analysis, the third step of the strategic management process helps identify ________.

Accepted Answer

A) opportunities and threats 
B) resources and capabilities 
C) opportunities and possibilities 
D) values and philosophy 
A) opportunities and threats 
B) resources and capabilities 
C) opportunities and possibilities 
D) values and philosophy

Question 2

Directional plans leave no room for interpretation.

Accepted Answer

A) True 
 B)False

Question 3

Planning rarely improves teamwork and cooperation among employees.

Accepted Answer

A) True 
 B)False

Question 4

Capabilities are "what" an organization has; resources are "how" it uses what it has.

Accepted Answer

A) True 
 B)False

Question 5

Directional plans ________.

Accepted Answer

A) leave no room for interpretation 
B) are flexible general guidelines 
C) are difficult to modify 
D) must be short-term plans 
A) leave no room for interpretation 
B) are flexible general guidelines 
C) are difficult to modify 
D) must be short-term plans

Question 6

An organization's resources identify ________.

Accepted Answer

A) how the organization gets things done 
B) where the organization operates 
C) when the organization operates 
D) what the organization has 
A) how the organization gets things done 
B) where the organization operates 
C) when the organization operates 
D) what the organization has

Question 7

In reality, all organizations have ________.

Accepted Answer

A) a single goal 
B) multiple goals 
C) the same goals 
D) the same single goal 
A) a single goal 
B) multiple goals 
C) the same goals 
D) the same single goal

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Goals are documents that outline how plans are to be carried out.

Accepted Answer

A) True 
 B)False

Question 10

Planning provides direction to managers and nonmanagers alike.

Accepted Answer

A) True 
 B)False

Question 11

SWOT analysis identifies and analyzes an organization's ________.

Accepted Answer

A) strengths, weaknesses, opportunities, and threats 
B) strategy for competing in the market 
C) human resource assets 
D) long-term goals 
A) strengths, weaknesses, opportunities, and threats 
B) strategy for competing in the market 
C) human resource assets 
D) long-term goals

Question 12

In a short essay, describe the final four steps in the strategic management process.

Accepted Answer

The third step in the strategic manageme

Question 13

To address limited, short-term problems, a company is most likely to employ a ________ strategy.

Accepted Answer

A) retrenchment 
B) turnaround 
C) doomsday 
D) self-critical 
A) retrenchment 
B) turnaround 
C) doomsday 
D) self-critical

Question 14

Innovation and super-high quality are typically the keys to a cost-leadership strategy.

Accepted Answer

A) True 
 B)False

Question 15

SWOT analysis combines ________.

Accepted Answer

A) a company's mission with its goals 
B) external and internal analyses 
C) a company's philosophy with its ethics 
D) profit with productivity 
A) a company's mission with its goals 
B) external and internal analyses 
C) a company's philosophy with its ethics 
D) profit with productivity

Question 16

In a short essay, identify criticisms of formal planning.

Accepted Answer

One of the main arguments directed at fo

Question 17

Informal planning typically works better in large organizations.

Accepted Answer

A) True 
 B)False

Question 18

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 19

In management by objectives (MBO), goals ________.

Accepted Answer

A) must be easily accomplished 
B) are jointly determined by employees and managers 
C) are determined by top management 
D) are developed by employees 
A) must be easily accomplished 
B) are jointly determined by employees and managers 
C) are determined by top management 
D) are developed by employees

Question 20

A key function of planning is to create goals.

Accepted Answer

A) True 
 B)False

An internal analysis, the third step of the strategic management process helps identify ________.

Directional plans leave no room for interpretation.

Planning rarely improves teamwork and cooperation among employees.

Capabilities are "what" an organization has; resources are "how" it uses what it has.

Directional plans ________.

An organization's resources identify ________.

In reality, all organizations have ________.

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

Goals are documents that outline how plans are to be carried out.

Planning provides direction to managers and nonmanagers alike.

SWOT analysis identifies and analyzes an organization's ________.

In a short essay, describe the final four steps in the strategic management process.

To address limited, short-term problems, a company is most likely to employ a ________ strategy.

Innovation and super-high quality are typically the keys to a cost-leadership strategy.

SWOT analysis combines ________.

In a short essay, identify criticisms of formal planning.

Informal planning typically works better in large organizations.

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

In management by objectives (MBO), goals ________.

A key function of planning is to create goals.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters

Exam 5: Foundations of Planning

An internal analysis, the third step of the strategic management process helps identify ________.

Directional plans leave no room for interpretation.

Planning rarely improves teamwork and cooperation among employees.

Capabilities are "what" an organization has; resources are "how" it uses what it has.

Directional plans ________.

An organization's resources identify ________.

In reality, all organizations have ________.

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

Goals are documents that outline how plans are to be carried out.

Planning provides direction to managers and nonmanagers alike.

SWOT analysis identifies and analyzes an organization's ________.

In a short essay, describe the final four steps in the strategic management process.

To address limited, short-term problems, a company is most likely to employ a ________ strategy.

Innovation and super-high quality are typically the keys to a cost-leadership strategy.

SWOT analysis combines ________.

In a short essay, identify criticisms of formal planning.

Informal planning typically works better in large organizations.

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

In management by objectives (MBO), goals ________.

A key function of planning is to create goals.

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organizational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

Appendix: History Module

Appendix: Entrepreneurship Module

Appendix: Quantitative Module

Appendix: Career Module

Filters