Question 1

A company's strategic weapon is any product, service, or other attribute it has that ________.

Accepted Answer

A)  gives it an edge over its competitors 
B)  identifies problems that the company has 
C)  identifies the potential of employees 
D)  helps diversify the company 
A)  gives it an edge over its competitors 
B)  identifies problems that the company has 
C)  identifies the potential of employees 
D)  helps diversify the company

Question 2

Directional plans leave no room for interpretation.

Accepted Answer

A) True 
 B)False

Question 3

A major strength of formal planning is that it reinforces past successes and incorporates them into the future.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following would you expect to find in a clothing store that follows a cost leadership strategy?

Accepted Answer

A)  only the finest, most expensive materials 
B)  pampered, personalized service 
C)  state-of-the-art design 
D)  basic, no frills, practical items 
A)  only the finest, most expensive materials 
B)  pampered, personalized service 
C)  state-of-the-art design 
D)  basic, no frills, practical items

Question 5

A cost leadership competitive strategy focuses on which of the following?

Accepted Answer

A)  efficiency 
B)  innovation 
C)  elegant design 
D)  luxury 
A)  efficiency 
B)  innovation 
C)  elegant design 
D)  luxury

Question 6

Which of the following is an example of a strategic goal for a professional baseball team?

Accepted Answer

A)  to increase attendance by 5 percent over the next three years 
B)  to increase television revenues over the next 5 years 
C)  to decrease payroll by 20 million over the next 2 years 
D)  to average over 90 wins a year for the next 5 years 
A)  to increase attendance by 5 percent over the next three years 
B)  to increase television revenues over the next 5 years 
C)  to decrease payroll by 20 million over the next 2 years 
D)  to average over 90 wins a year for the next 5 years

Question 7

Which of the following defines the time frame of a long-term plan?

Accepted Answer

A)  over seven years 
B)  over three years 
C)  under three years 
D)  over one year 
A)  over seven years 
B)  over three years 
C)  under three years 
D)  over one year

Question 8

In studies in which high-quality formal planning did not lead to higher performance, ________ usually the culprit.

Accepted Answer

A)  unforeseen events or conditions were 
B)  demanding employees were 
C)  stubborn ownership was 
D)  lack of communication was 
A)  unforeseen events or conditions were 
B)  demanding employees were 
C)  stubborn ownership was 
D)  lack of communication was

Question 9

Standing plans typically can be used ________.

Accepted Answer

A)  only once 
B)  only in conjunction with specific, long-term plans 
C)  twice at most 
D)  repeatedly 
A)  only once 
B)  only in conjunction with specific, long-term plans 
C)  twice at most 
D)  repeatedly

Question 10

In a short essay, compare specific plans and directional plans.

Accepted Answer

Specific plans are plans that are clearl

Question 11

Formal planning typically leads to which of the following?

Accepted Answer

A)  higher profits 
B)  lower productivity 
C)  higher sales, but lower profits 
D)  tension between different management levels 
A)  higher profits 
B)  lower productivity 
C)  higher sales, but lower profits 
D)  tension between different management levels

Question 12

Studies of planning show that the key to successful planning is to make sure that the plans ________.

Accepted Answer

A)  cover every possible detail 
B)  are high in quality and insight 
C)  are exceedingly simple to follow 
D)  are not shared with employees 
A)  cover every possible detail 
B)  are high in quality and insight 
C)  are exceedingly simple to follow 
D)  are not shared with employees

Question 13

A major strength of formal planning is that it gives an organization rigidity.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

An organization's real goals and priorities are best revealed by ________.

Accepted Answer

A)  its official stated goals 
B)  its actions in the marketplace 
C)  its statements to the press 
D)  its mission statement 
A)  its official stated goals 
B)  its actions in the marketplace 
C)  its statements to the press 
D)  its mission statement

Question 16

MBO programs usually are successful largely because they ________.

Accepted Answer

A)  give employees a sense of ownership of goals 
B)  free managers from the responsibility of setting goals 
C)  give managers a sense of ownership of goals 
D)  free employees from responsibility if goals are not met 
A)  give employees a sense of ownership of goals 
B)  free managers from the responsibility of setting goals 
C)  give managers a sense of ownership of goals 
D)  free employees from responsibility if goals are not met

Question 17

A major strength of formal planning is that it generally correlates with higher profits.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is a frequently cited criticism of formal planning?

Accepted Answer

A)  Plans lock organizations into rigid goals and timetables. 
B)  Plans take too long to create. 
C)  Plans create resentment within different levels of the organization. 
D)  Formal planning works well only for smaller companies. 
A)  Plans lock organizations into rigid goals and timetables. 
B)  Plans take too long to create. 
C)  Plans create resentment within different levels of the organization. 
D)  Formal planning works well only for smaller companies.

Question 19

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

Accepted Answer

A)  obtain new customers 
B)  identify emerging trends 
C)  obtain new advertisers 
D)  identify potential rivals 
A)  obtain new customers 
B)  identify emerging trends 
C)  obtain new advertisers 
D)  identify potential rivals

Question 20

In traditional goal setting, as they work their way from top management to employees, goals are likely to ________.

Accepted Answer

A)  become more clear 
B)  be more rigorously followed 
C)  be unchanged 
D)  become less clear 
A)  become more clear 
B)  be more rigorously followed 
C)  be unchanged 
D)  become less clear

A company's strategic weapon is any product, service, or other attribute it has that ________.

Directional plans leave no room for interpretation.

A major strength of formal planning is that it reinforces past successes and incorporates them into the future.

Which of the following would you expect to find in a clothing store that follows a cost leadership strategy?

A cost leadership competitive strategy focuses on which of the following?

Which of the following is an example of a strategic goal for a professional baseball team?

Which of the following defines the time frame of a long-term plan?

In studies in which high-quality formal planning did not lead to higher performance, ________ usually the culprit.

Standing plans typically can be used ________.

In a short essay, compare specific plans and directional plans.

Formal planning typically leads to which of the following?

Studies of planning show that the key to successful planning is to make sure that the plans ________.

A major strength of formal planning is that it gives an organization rigidity.

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

An organization's real goals and priorities are best revealed by ________.

MBO programs usually are successful largely because they ________.

A major strength of formal planning is that it generally correlates with higher profits.

Which of the following is a frequently cited criticism of formal planning?

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

In traditional goal setting, as they work their way from top management to employees, goals are likely to ________.

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Organizational Structure and Design

Managing Human Resources

A Career Module

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

A Entrepreneurship Module

Filters

Exam 7: Foundations of Planning

A company's strategic weapon is any product, service, or other attribute it has that ________.

Directional plans leave no room for interpretation.

A major strength of formal planning is that it reinforces past successes and incorporates them into the future.

Which of the following would you expect to find in a clothing store that follows a cost leadership strategy?

A cost leadership competitive strategy focuses on which of the following?

Which of the following is an example of a strategic goal for a professional baseball team?

Which of the following defines the time frame of a long-term plan?

In studies in which high-quality formal planning did not lead to higher performance, ________ usually the culprit.

Standing plans typically can be used ________.

In a short essay, compare specific plans and directional plans.

Formal planning typically leads to which of the following?

Studies of planning show that the key to successful planning is to make sure that the plans ________.

A major strength of formal planning is that it gives an organization rigidity.

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

An organization's real goals and priorities are best revealed by ________.

MBO programs usually are successful largely because they ________.

A major strength of formal planning is that it generally correlates with higher profits.

Which of the following is a frequently cited criticism of formal planning?

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

In traditional goal setting, as they work their way from top management to employees, goals are likely to ________.

Managers and Management

A History Module

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Organizational Structure and Design

Managing Human Resources

A Career Module

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

A Entrepreneurship Module

Filters