Question 1

Describe the final step in the strategic planning process. Provide an example.

Accepted Answer

The final step in the strategic planning

Question 2

The first step in the decision-making process is to:

Accepted Answer

A)  develop alternative courses of action. 
B)  evaluate alternatives. 
C)  recognize a problem or opportunity. 
D)  select and implement the chosen alternative. 
A)  develop alternative courses of action. 
B)  evaluate alternatives. 
C)  recognize a problem or opportunity. 
D)  select and implement the chosen alternative.

Question 3

A trend toward decentralization has pushed decision making down to operating employees in many cases.

Accepted Answer

A) True 
 B)False

Question 4

Corporate culture often changes to meet new demands in the business environment.

Accepted Answer

A) True 
 B)False

Question 5

Mission statements must be short.

Accepted Answer

A) True 
 B)False

Question 6

Programmed decisions eliminate the time-consuming process of evaluating alternatives.

Accepted Answer

A) True 
 B)False

Question 7

The first step in the decision-making process is the recognition of a problem or opportunity.

Accepted Answer

A) True 
 B)False

Question 8

Free-rein leaders believe in minimal communication since employees are empowered to make all decisions.

Accepted Answer

A) True 
 B)False

Question 9

Democratic leaders _____.

Accepted Answer

A)  are always the most effective leaders 
B)  let people know only what they need to know to do their jobs 
C)  involve their subordinates in the decision-making process 
D)  leave all decisions to their subordinates 
A)  are always the most effective leaders 
B)  let people know only what they need to know to do their jobs 
C)  involve their subordinates in the decision-making process 
D)  leave all decisions to their subordinates

Question 10

Explain the role of vision and ethical standards in business success.

Accepted Answer

Vision is perception of marketplace need

Question 11

Corporate culture is reinforced by all of the following factors EXCEPT _____.

Accepted Answer

A)  symbols 
B)  finances 
C)  rituals 
D)  stories 
A)  symbols 
B)  finances 
C)  rituals 
D)  stories

Question 12

The matrix design in organizational structures is also frequently referred to as the _____ design.

Accepted Answer

A)  line management 
B)  chain of command 
C)  product management 
D)  team 
A)  line management 
B)  chain of command 
C)  product management 
D)  team

Question 13

Ricardo is responsible for guiding and motivating ten other employees to accomplish various organizational objectives. Ricardo handles the _____ managerial function.

Accepted Answer

A)  planning 
B)  organizing 
C)  directing 
D)  controlling 
A)  planning 
B)  organizing 
C)  directing 
D)  controlling

Question 14

MATCHING
Complete the following using the terms listed.
-A(n) _____ is a written explanation of an organization's business intentions and aims.

Accepted Answer

A) corporate culture 
B) Management 
C) organization 
D) Top management 
E) Departmentalization
F)Vision
G)delegation
H)matrix structure
I)span of management
J)controlling
K)decentralization
L)chain of command
M)SWOT analysis
N)Contingency planning
O)nonprogrammed decision
P)autocratic leaders
Q)Human skills
R)mission statement
S)competitive differentiation
T)Empowerment 
A) corporate culture 
B) Management 
C) organization 
D) Top management 
E) Departmentalization
F)Vision
G)delegation
H)matrix structure
I)span of management
J)controlling
K)decentralization
L)chain of command
M)SWOT analysis
N)Contingency planning
O)nonprogrammed decision
P)autocratic leaders
Q)Human skills
R)mission statement
S)competitive differentiation
T)Empowerment

Question 15

Generally, _____ planning is undertaken by top executives in a company.

Accepted Answer

A)  tactical 
B)  contingency 
C)  strategic 
D)  operational 
A)  tactical 
B)  contingency 
C)  strategic 
D)  operational

Question 16

Which type of planning determines the primary objectives of an organization and then acts and allocates resources to achieve those objectives?

Accepted Answer

A)  Tactical planning 
B)  Strategic planning 
C)  Contingency planning 
D)  Operational planning 
A)  Tactical planning 
B)  Strategic planning 
C)  Contingency planning 
D)  Operational planning

Question 17

Top managers devote most of their time to developing long-range plans for their organizations.

Accepted Answer

A) True 
 B)False

Question 18

Nadia believes that closely supervising employees stifles their creativity, so she allows her employees to make most of their own decisions. Nadia is an example of a free-rein leader.

Accepted Answer

A) True 
 B)False

Question 19

Which level of management includes job titles such as general manager, division manager, or plant manager?

Accepted Answer

A)  Middle management 
B)  Supervisory management 
C)  Top management 
D)  First-line management 
A)  Middle management 
B)  Supervisory management 
C)  Top management 
D)  First-line management

Question 20

Daily and weekly plans, rules, and procedures for each department are examples of _____ planning.

Accepted Answer

A)  tactical 
B)  strategic 
C)  operational 
D)  contingency 
A)  tactical 
B)  strategic 
C)  operational 
D)  contingency

Describe the final step in the strategic planning process. Provide an example.

The first step in the decision-making process is to:

A trend toward decentralization has pushed decision making down to operating employees in many cases.

Corporate culture often changes to meet new demands in the business environment.

Mission statements must be short.

Programmed decisions eliminate the time-consuming process of evaluating alternatives.

The first step in the decision-making process is the recognition of a problem or opportunity.

Free-rein leaders believe in minimal communication since employees are empowered to make all decisions.

Democratic leaders _____.

Explain the role of vision and ethical standards in business success.

Corporate culture is reinforced by all of the following factors EXCEPT _____.

The matrix design in organizational structures is also frequently referred to as the _____ design.

Ricardo is responsible for guiding and motivating ten other employees to accomplish various organizational objectives. Ricardo handles the _____ managerial function.

MATCHING Complete the following using the terms listed. -A(n) _____ is a written explanation of an organization's business intentions and aims.

Generally, _____ planning is undertaken by top executives in a company.

Which type of planning determines the primary objectives of an organization and then acts and allocates resources to achieve those objectives?

Top managers devote most of their time to developing long-range plans for their organizations.

Nadia believes that closely supervising employees stifles their creativity, so she allows her employees to make most of their own decisions. Nadia is an example of a free-rein leader.

Which level of management includes job titles such as general manager, division manager, or plant manager?

Daily and weekly plans, rules, and procedures for each department are examples of _____ planning.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 7: Management, Leadership, and the Internal Organization

Describe the final step in the strategic planning process. Provide an example.

The first step in the decision-making process is to:

A trend toward decentralization has pushed decision making down to operating employees in many cases.

Corporate culture often changes to meet new demands in the business environment.

Mission statements must be short.

Programmed decisions eliminate the time-consuming process of evaluating alternatives.

The first step in the decision-making process is the recognition of a problem or opportunity.

Free-rein leaders believe in minimal communication since employees are empowered to make all decisions.

Democratic leaders _____.

Explain the role of vision and ethical standards in business success.

Corporate culture is reinforced by all of the following factors EXCEPT _____.

The matrix design in organizational structures is also frequently referred to as the _____ design.

Ricardo is responsible for guiding and motivating ten other employees to accomplish various organizational objectives. Ricardo handles the _____ managerial function.

MATCHING Complete the following using the terms listed. -A(n) _____ is a written explanation of an organization's business intentions and aims.

Generally, _____ planning is undertaken by top executives in a company.

Which type of planning determines the primary objectives of an organization and then acts and allocates resources to achieve those objectives?

Top managers devote most of their time to developing long-range plans for their organizations.

Nadia believes that closely supervising employees stifles their creativity, so she allows her employees to make most of their own decisions. Nadia is an example of a free-rein leader.

Which level of management includes job titles such as general manager, division manager, or plant manager?

Daily and weekly plans, rules, and procedures for each department are examples of _____ planning.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters