Question 1

In what ways do plans and goals benefit an organization?

Accepted Answer

Plans and goals benefit the organization

Question 2

When top executives work with managers in major divisions or departments to develop their own goals and plans, it is known as __________ planning.

Accepted Answer

A) interdepartmental 
B) crisis 
C) focus 
D) decentralized 
E) competitive 
A) interdepartmental 
B) crisis 
C) focus 
D) decentralized 
E) competitive

Question 3

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or similar industrial accident.Which issue should be addressed in the crisis prevention stage?

Accepted Answer

A) Designating a crisis management team 
B) Building open, trusting relationships with key stakeholders 
C) Designating a crisis management spokesperson 
D) Setting up an effective communications system 
E) All of the above 
A) Designating a crisis management team 
B) Building open, trusting relationships with key stakeholders 
C) Designating a crisis management spokesperson 
D) Setting up an effective communications system 
E) All of the above

Question 4

The set of decisions and actions used to formulate and implement strategies are referred to as competitive advantage.

Accepted Answer

A) True 
 B)False

Question 5

Any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking is known as a __________.

Accepted Answer

big hairy

Question 6

__________ focuses attention on the methods and processes used to achieve goals.

Accepted Answer

The answer of __________ focuses attention on the methods and...

Question 7

Stretch goals are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

Accepted Answer

A) True 
 B)False

Question 8

Plans that define company responses to be taken in the case of emergencies, setbacks, or unexpected conditions are called __________ plans.

Accepted Answer

The answer of Plans that define company responses to be...

Question 9

Sarah is a middle manager at Stylin' Sneakers Corporation.As such, she is most likely responsible for the achievement of __________ goals.

Accepted Answer

A) operational 
B) tactical 
C) strategic 
D) lower-level 
E) top-level 
A) operational 
B) tactical 
C) strategic 
D) lower-level 
E) top-level

Question 10

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, synergy occurs.

Accepted Answer

A) True 
 B)False

Question 11

A business activity that an organization does particularly well relative to its competition is known as __________.

Accepted Answer

The answer of A business activity that an organization does...

Question 12

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _____.

Accepted Answer

A) mission 
B) strategic goals 
C) tactical goals 
D) strategic plans 
E) tactical plans 
A) mission 
B) strategic goals 
C) tactical goals 
D) strategic plans 
E) tactical plans

Question 13

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or a similar industrial accident.Which issue should be addressed in the crisis preparation stage?

Accepted Answer

A) Educating employees about industrial accidents 
B) Building open, trusting relationships with key stakeholders 
C) Ensuring employees have appropriate personal protective equipment 
D) Designating a cross-functional group of people who will swing into action if a crisis occurs 
E) Inspections to ensure equipment is functioning appropriately and effectively 
A) Educating employees about industrial accidents 
B) Building open, trusting relationships with key stakeholders 
C) Ensuring employees have appropriate personal protective equipment 
D) Designating a cross-functional group of people who will swing into action if a crisis occurs 
E) Inspections to ensure equipment is functioning appropriately and effectively

Question 14

A big hairy audacious goal is any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking.

Accepted Answer

A) True 
 B)False

Question 15

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called __________.

Accepted Answer

decentrali

Question 16

Mingles, Inc.concentrates its efforts on its target market of 18- to 25-year-olds.It is using Porter's __________ strategy.

Accepted Answer

A) focus 
B) differentiation 
C) cost leadership 
D) multidomestic 
E) universal 
A) focus 
B) differentiation 
C) cost leadership 
D) multidomestic 
E) universal

Question 17

The use of managerial and organizational tools to direct resources toward accomplishing strategic outcomes is known as __________.

Accepted Answer

The answer of The use of managerial and organizational tools...

Question 18

Senior management is most likely to be responsible for ______.

Accepted Answer

A) operational plans 
B) tactical plans 
C) strategic plans 
D) mission plans 
E) tactical goals 
A) operational plans 
B) tactical plans 
C) strategic plans 
D) mission plans 
E) tactical goals

Question 19

__________ assess what is important to the organization and how well the organization is progressing toward attaining its strategic goals.

Accepted Answer

Key perfor

Question 20

United Products Group holds a diverse portfolio of business interests including several question marks.What does having question marks mean for United's strategies?

Accepted Answer

A) United should monitor the question marks and divest itself of those that do not perform well. 
B) United is likely to experience cash shortfalls in the near future. 
C) United needs to divest itself of all of the question marks and sell off their assets. 
D) United can afford to invest in riskier businesses. 
E) United is likely to grow rapidly as markets expand, regardless of the question marks' performance. 
A) United should monitor the question marks and divest itself of those that do not perform well. 
B) United is likely to experience cash shortfalls in the near future. 
C) United needs to divest itself of all of the question marks and sell off their assets. 
D) United can afford to invest in riskier businesses. 
E) United is likely to grow rapidly as markets expand, regardless of the question marks' performance.

In what ways do plans and goals benefit an organization?

When top executives work with managers in major divisions or departments to develop their own goals and plans, it is known as __________ planning.

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or similar industrial accident.Which issue should be addressed in the crisis prevention stage?

The set of decisions and actions used to formulate and implement strategies are referred to as competitive advantage.

Any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking is known as a __________.

__________ focuses attention on the methods and processes used to achieve goals.

Stretch goals are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

Plans that define company responses to be taken in the case of emergencies, setbacks, or unexpected conditions are called __________ plans.

Sarah is a middle manager at Stylin' Sneakers Corporation.As such, she is most likely responsible for the achievement of __________ goals.

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, synergy occurs.

A business activity that an organization does particularly well relative to its competition is known as __________.

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _____.

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or a similar industrial accident.Which issue should be addressed in the crisis preparation stage?

A big hairy audacious goal is any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking.

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called __________.

Mingles, Inc.concentrates its efforts on its target market of 18- to 25-year-olds.It is using Porter's __________ strategy.

The use of managerial and organizational tools to direct resources toward accomplishing strategic outcomes is known as __________.

Senior management is most likely to be responsible for ______.

__________ assess what is important to the organization and how well the organization is progressing toward attaining its strategic goals.

United Products Group holds a diverse portfolio of business interests including several question marks.What does having question marks mean for United's strategies?

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Talent and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 5: Planning and Goal Setting

In what ways do plans and goals benefit an organization?

When top executives work with managers in major divisions or departments to develop their own goals and plans, it is known as __________ planning.

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or similar industrial accident.Which issue should be addressed in the crisis prevention stage?

The set of decisions and actions used to formulate and implement strategies are referred to as competitive advantage.

Any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking is known as a __________.

__________ focuses attention on the methods and processes used to achieve goals.

Stretch goals are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

Plans that define company responses to be taken in the case of emergencies, setbacks, or unexpected conditions are called __________ plans.

Sarah is a middle manager at Stylin' Sneakers Corporation.As such, she is most likely responsible for the achievement of __________ goals.

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, synergy occurs.

A business activity that an organization does particularly well relative to its competition is known as __________.

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _____.

Jeff is a top manager at a textile factory.He is developing a crisis plan to be implemented in the event that the company has a toxic spill or a similar industrial accident.Which issue should be addressed in the crisis preparation stage?

A big hairy audacious goal is any goal that is so big, inspiring, and outside the prevailing paradigm that it hits people in the gut and shifts their thinking.

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called __________.

Mingles, Inc.concentrates its efforts on its target market of 18- to 25-year-olds.It is using Porter's __________ strategy.

The use of managerial and organizational tools to direct resources toward accomplishing strategic outcomes is known as __________.

Senior management is most likely to be responsible for ______.

__________ assess what is important to the organization and how well the organization is progressing toward attaining its strategic goals.

United Products Group holds a diverse portfolio of business interests including several question marks.What does having question marks mean for United's strategies?

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Talent and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters