Question 1

Which of the following do managers NOT typically use to formulate strategies?

Accepted Answer

A)  finding ways to exploit the organization's strengths 
B)  finding ways to protect the organization from external threats 
C)  finding ways to rule out existing organizational opportunities 
D)  finding ways to correct organizational weaknesses 
A)  finding ways to exploit the organization's strengths 
B)  finding ways to protect the organization from external threats 
C)  finding ways to rule out existing organizational opportunities 
D)  finding ways to correct organizational weaknesses

Question 2

Formal planning can increase creativity in an organization.

Accepted Answer

A) True 
 B)False

Question 3

All managers plan in some way, either formally or informally.

Accepted Answer

A) True 
 B)False

Question 4

A corporate strategy focuses primarily on ________.

Accepted Answer

A)  an organization's mission 
B)  an organization's strengths 
C)  an organization's weaknesses 
D)  an organization's people 
A)  an organization's mission 
B)  an organization's strengths 
C)  an organization's weaknesses 
D)  an organization's people

Question 5

Strategic plans address ________.

Accepted Answer

A)  overall organizational goals 
B)  goals for a single branch of the organization 
C)  how overall goals are to be achieved 
D)  how a single goal is to be achieved 
A)  overall organizational goals 
B)  goals for a single branch of the organization 
C)  how overall goals are to be achieved 
D)  how a single goal is to be achieved

Question 6

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 7

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Accepted Answer

A) True 
 B)False

Question 8

Taco Rocket (Scenario)
Imagine that you are the president of Taco Rocket, a new and successful chain of 8 Mexican fast-food restaurants. The success you have experienced in the last 5 years has you thinking of what to do with the business next. Should you expand the business at the current rate? Open new and different restaurants? What?
-You are thinking of buying a tortilla factory in a nearby state. This action would be an example of ________.

Accepted Answer

A)  forward vertical integration 
B)  horizontal integration 
C)  backward vertical integration 
D)  forward diversification 
A)  forward vertical integration 
B)  horizontal integration 
C)  backward vertical integration 
D)  forward diversification

Question 9

Planning rarely improves teamwork and cooperation among employees.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Successful planning depends more on whether managers plan than on the quality of their planning.

Accepted Answer

A) True 
 B)False

Question 12

To create a competitive advantage that is sustainable, a company can begin by focusing on quality, then ________

Accepted Answer

A)  make sure quality doesn't decline at too rapid a pace 
B)  make incremental improvements to keep quality levels high 
C)  change its entire product line frequently 
D)  slowly diminish quality and raise the prices of its products 
A)  make sure quality doesn't decline at too rapid a pace 
B)  make incremental improvements to keep quality levels high 
C)  change its entire product line frequently 
D)  slowly diminish quality and raise the prices of its products

Question 13

Planning provides direction to managers and nonmanagers alike.

Accepted Answer

A) True 
 B)False

Question 14

The most drastic renewal strategy an organization can carry out is a retrenchment strategy.

Accepted Answer

A) True 
 B)False

Question 15

In a short essay, discuss environmental scanning and competitive intelligence.

Accepted Answer

Managers in both small and large organiz

Question 16

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

Accepted Answer

A) True 
 B)False

Question 17

The commitment concept states that plans should ________.

Accepted Answer

A)  always stake out a longer time period than is estimated 
B)  always stake out a shorter time period than is estimated 
C)  stake out a time period that is neither too long nor too short 
D)  not include time periods because they are too confining 
A)  always stake out a longer time period than is estimated 
B)  always stake out a shorter time period than is estimated 
C)  stake out a time period that is neither too long nor too short 
D)  not include time periods because they are too confining

Question 18

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

Accepted Answer

A)  somewhat negative conclusions 
B)  no conclusion 
C)  extremely negative conclusions 
D)  generally positive conclusions 
A)  somewhat negative conclusions 
B)  no conclusion 
C)  extremely negative conclusions 
D)  generally positive conclusions

Question 19

In forward vertical integration, a company becomes its own ________, while in backward vertical integration, the company is its own ________.

Accepted Answer

A)  supplier; distributor 
B)  supplier; customer 
C)  distributor; monitor 
D)  distributor; supplier 
A)  supplier; distributor 
B)  supplier; customer 
C)  distributor; monitor 
D)  distributor; supplier

Question 20

The breadth of a plan refers to ________ concerns.

Accepted Answer

A)  long-term versus short-term 
B)  strategic versus tactical 
C)  specific versus directional 
D)  single use versus standing 
A)  long-term versus short-term 
B)  strategic versus tactical 
C)  specific versus directional 
D)  single use versus standing

Which of the following do managers NOT typically use to formulate strategies?

Formal planning can increase creativity in an organization.

All managers plan in some way, either formally or informally.

A corporate strategy focuses primarily on ________.

Strategic plans address ________.

In reality, all organizations have ________.

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Planning rarely improves teamwork and cooperation among employees.

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

Successful planning depends more on whether managers plan than on the quality of their planning.

To create a competitive advantage that is sustainable, a company can begin by focusing on quality, then ________

Planning provides direction to managers and nonmanagers alike.

The most drastic renewal strategy an organization can carry out is a retrenchment strategy.

In a short essay, discuss environmental scanning and competitive intelligence.

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

The commitment concept states that plans should ________.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

In forward vertical integration, a company becomes its own , while in backward vertical integration, the company is its own .

The breadth of a plan refers to ________ concerns.

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

Which of the following do managers NOT typically use to formulate strategies?

Formal planning can increase creativity in an organization.

All managers plan in some way, either formally or informally.

A corporate strategy focuses primarily on ________.

Strategic plans address ________.

In reality, all organizations have ________.

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Planning rarely improves teamwork and cooperation among employees.

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

Successful planning depends more on whether managers plan than on the quality of their planning.

To create a competitive advantage that is sustainable, a company can begin by focusing on quality, then ________

Planning provides direction to managers and nonmanagers alike.

The most drastic renewal strategy an organization can carry out is a retrenchment strategy.

In a short essay, discuss environmental scanning and competitive intelligence.

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

The commitment concept states that plans should ________.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

In forward vertical integration, a company becomes its own ________, while in backward vertical integration, the company is its own ________.

The breadth of a plan refers to ________ concerns.

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

In forward vertical integration, a company becomes its own , while in backward vertical integration, the company is its own .