Question 1

Apple decided to open its own Apple retail stores.This is an example of:

Accepted Answer

A) Forward vertical integration 
B) A global strategy 
C) A focused-differentiation strategy 
D) A multidomestic strategy 
E) Backward vertical integration 
A) Forward vertical integration 
B) A global strategy 
C) A focused-differentiation strategy 
D) A multidomestic strategy 
E) Backward vertical integration

Question 2

When considering vertical integration as a strategy to add value,managers must be careful because sometimes it may reduce a company's ability to create value when the environment changes.

Accepted Answer

A) True 
 B)False

Question 3

To determine an organization's mission managers must first:

Accepted Answer

A) Perform a SWOT analysis 
B) Apply the Five Forces Model 
C) Define its business 
D) Develop a long-term plan 
E) Develop a short-term plan 
A) Perform a SWOT analysis 
B) Apply the Five Forces Model 
C) Define its business 
D) Develop a long-term plan 
E) Develop a short-term plan

Question 4

What is required of managers in order for them to perform the planning task?

Accepted Answer

Managers are required to (1)establish an

Question 5

The first step in defining an organization's mission is to define its business.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is NOT a main reason why planning is important?

Accepted Answer

A) Planning is necessary to give the organization a sense of direction and purpose. 
B) Planning is a useful way of getting managers to participate in decision making. 
C) A plan helps coordinate managers of the different functions and divisions in an organization. 
D) Planning is a low cost strategy. 
E) A plan can be used as a device for controlling managers. 
A) Planning is necessary to give the organization a sense of direction and purpose. 
B) Planning is a useful way of getting managers to participate in decision making. 
C) A plan helps coordinate managers of the different functions and divisions in an organization. 
D) Planning is a low cost strategy. 
E) A plan can be used as a device for controlling managers.

Question 7

Which plan of the organization contains top management's decisions about the organization's mission,goals,strategy,and structure?

Accepted Answer

A) Corporate-level plan 
B) Divisional-level plan 
C) Functional-level plan 
D) Business-level plan 
E) Departmental-level plan 
A) Corporate-level plan 
B) Divisional-level plan 
C) Functional-level plan 
D) Business-level plan 
E) Departmental-level plan

Question 8

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 9

The set of decisions that managers make to assist the organization in the attainment of its goals is called the strategy of the organization.

Accepted Answer

A) True 
 B)False

Question 10

When Fayol stated that managers should attempt to collect and to use all available information in the organization's planning process,which aspect of planning was he emphasizing?

Accepted Answer

A) Unity 
B) Flexibility 
C) Continuity 
D) Accuracy 
E) Synergy 
A) Unity 
B) Flexibility 
C) Continuity 
D) Accuracy 
E) Synergy

Question 11

Define and discuss the significance of a rolling plan.

Accepted Answer

A rolling plan is a plan that is updated

Question 12

In the typical organization,corporate-level planning is the primary responsibility of first-line supervisors.

Accepted Answer

A) True 
 B)False

Question 13

If ______ large customers are available to buy an industry's output,they can drive ______ the price of that output.As a result,industry producers make ______ profits.

Accepted Answer

A) Few,up,higher 
B) Few,down,lower 
C) Few,down,higher 
D) Many,down,lower 
E) Many,up,lower 
A) Few,up,higher 
B) Few,down,lower 
C) Few,down,higher 
D) Many,down,lower 
E) Many,up,lower

Question 14

Holding specific individuals or groups responsible for the attainment of corporate,divisional,and functional goals is the last step in implementing strategy.

Accepted Answer

A) True 
 B)False

Question 15

In large organizations the functional level of management is also known as:

Accepted Answer

A) Business level 
B) Corporate level 
C) Functional level 
D) Departmental level 
E) Top level 
A) Business level 
B) Corporate level 
C) Functional level 
D) Departmental level 
E) Top level

Question 16

PepsiCo entering the snack food business with the purchase of Frito Lays is an example of a diversification corporate-level strategy.

Accepted Answer

A) True 
 B)False

Question 17

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a multidomestic strategy.

Accepted Answer

A) True 
 B)False

Question 18

A policy is a formal,written guide to action.

Accepted Answer

A) True 
 B)False

Question 19

Discuss the five steps involved in implementing an organizational strategy.

Accepted Answer

The five steps are:(1)allocate responsib

Question 20

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses:

Accepted Answer

A) Differentiation strategy 
B) Low-cost strategy 
C) Related diversification strategy 
D) Unrelated diversification strategy 
E) Concentration on a single business strategy 
A) Differentiation strategy 
B) Low-cost strategy 
C) Related diversification strategy 
D) Unrelated diversification strategy 
E) Concentration on a single business strategy

Apple decided to open its own Apple retail stores.This is an example of:

When considering vertical integration as a strategy to add value,managers must be careful because sometimes it may reduce a company's ability to create value when the environment changes.

To determine an organization's mission managers must first:

What is required of managers in order for them to perform the planning task?

The first step in defining an organization's mission is to define its business.

Which of the following is NOT a main reason why planning is important?

Which plan of the organization contains top management's decisions about the organization's mission,goals,strategy,and structure?

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses a differentiation strategy.

The set of decisions that managers make to assist the organization in the attainment of its goals is called the strategy of the organization.

When Fayol stated that managers should attempt to collect and to use all available information in the organization's planning process,which aspect of planning was he emphasizing?

Define and discuss the significance of a rolling plan.

In the typical organization,corporate-level planning is the primary responsibility of first-line supervisors.

If large customers are available to buy an industry's output,they can drive the price of that output.As a result,industry producers make __ profits.

Holding specific individuals or groups responsible for the attainment of corporate,divisional,and functional goals is the last step in implementing strategy.

In large organizations the functional level of management is also known as:

PepsiCo entering the snack food business with the purchase of Frito Lays is an example of a diversification corporate-level strategy.

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a multidomestic strategy.

A policy is a formal,written guide to action.

Discuss the five steps involved in implementing an organizational strategy.

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses:

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters

Exam 8: The Manager As a Planner and Strategist

Apple decided to open its own Apple retail stores.This is an example of:

When considering vertical integration as a strategy to add value,managers must be careful because sometimes it may reduce a company's ability to create value when the environment changes.

To determine an organization's mission managers must first:

What is required of managers in order for them to perform the planning task?

The first step in defining an organization's mission is to define its business.

Which of the following is NOT a main reason why planning is important?

Which plan of the organization contains top management's decisions about the organization's mission,goals,strategy,and structure?

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses a differentiation strategy.

The set of decisions that managers make to assist the organization in the attainment of its goals is called the strategy of the organization.

When Fayol stated that managers should attempt to collect and to use all available information in the organization's planning process,which aspect of planning was he emphasizing?

Define and discuss the significance of a rolling plan.

In the typical organization,corporate-level planning is the primary responsibility of first-line supervisors.

If ______ large customers are available to buy an industry's output,they can drive ______ the price of that output.As a result,industry producers make ______ profits.

Holding specific individuals or groups responsible for the attainment of corporate,divisional,and functional goals is the last step in implementing strategy.

In large organizations the functional level of management is also known as:

PepsiCo entering the snack food business with the purchase of Frito Lays is an example of a diversification corporate-level strategy.

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a multidomestic strategy.

A policy is a formal,written guide to action.

Discuss the five steps involved in implementing an organizational strategy.

Though their prices are higher than other rental places,Comfy Canoes has premium canoes with contoured seats.The company uses:

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters

If large customers are available to buy an industry's output,they can drive the price of that output.As a result,industry producers make __ profits.