Question 1

The three kinds of standing plans are policies, procedures, and rules and regulations.

Accepted Answer

A) True 
 B)False

Question 2

The manager of a car manufacturing company in the U.S. wants to set up factories in three​ other countries by the end of the year. After he has set this goal, which of the following is the next step he should take in order to achieve this goal?

Accepted Answer

A) ​Analyze the profits the factories will make. 
B) ​Track progress toward goal achievement. 
C) ​​Develop commitment toward the goal. 
D) ​Develop effective action plans. 
E) ​Maintain flexibility when trying to achieve the goal.

Question 3

Explain how the rational decision-making process may help to overcome predispositions and biases that a manager has in a given decision-making situation.

Accepted Answer

The answer of Explain how the rational decision-making process may...

Question 4

A laptop manufacturer has created a set of methods to deal with specific technical issues raised by customers. These methods are _____.

Accepted Answer

A) ​tactical plans 
B) ​action plans 
C) ​single­use plans 
D) ​standing plans 
E) ​visionary plans

Question 5

Caleb wants to increase the efficiency of his coffee plant. He is trying to decide which option is better: installing new equipment or servicing the old ones. In the context of the decision-making concept, Caleb is _____.

Accepted Answer

A) generating alternative courses of action 
B) evaluating each alternative 
C) computing the optimal decision 
D) satisficing 
E) identifying the decision situation

Question 6

Which of the following is true about planning?

Accepted Answer

A) It reduces effort from employees and managers. 
B) It helps managers create task strategies. 
C) It decreases persistence toward goals. 
D) It quickens needed adaptation. 
E) It fixes all organizational problems.

Question 7

List and briefly describe the three kinds of operational plans.

Accepted Answer

The answer of List and briefly describe the three kinds...

Question 8

Identify the four basic steps in the management by objectives process.

Accepted Answer

The answer of Identify the four basic steps in the...

Question 9

A(n) _____ lists the specific steps, people, resources, and time period for accomplishing a goal.

Accepted Answer

A) strategy 
B) proximal goal 
C) distal goal 
D) action plan 
E) subordinate objective

Question 10

Which of the following is the first step ​in establishing a devil's advocacy program?

Accepted Answer

A) ​Present the critique of a potential solution to key decision makers. 
B) ​Gather additional relevant information. 
C) ​Decide whether to use, change, or not use a proposed solution. 
D) ​Generate a potential solution. 
E) ​Assign a devil's advocate to criticize and question a solution.

Question 11

The presence of a gap between an existing state and a desired state is no guarantee that managers will make decisions to solve problems.

Accepted Answer

A) True 
 B)False

Question 12

Creating and executing a plan is one of the most important tasks of a manager.

Accepted Answer

A) True 
 B)False

Question 13

For options-based planning to work, the organization must _____.

Accepted Answer

A) have slack resources 
B) use cross­functional teams 
C) have broad spans of management 
D) have tall organizational structures 
E) use centralization

Question 14

At a canning factory, new employees were instructed to wear a certain type of clothes when working around the canning machine. The description of the clothes was very detailed and specific. Which of the following kinds of standing plans is described in this example?

Accepted Answer

A) Rules and regulations 
B) Mission 
C) Policies 
D) Purpose statements 
E) Budgets

Question 15

For planning to be effective, workers need a specific, challenging goal as well as regular feedback to track their progress.

Accepted Answer

A) True 
 B)False

Question 16

On average, companies that create plans have larger profits and grow much faster than companies that don't.

Accepted Answer

A) True 
 B)False

Question 17

A daughter of a well-known financier is currently in her first year of college but has decided that she definitely wants to earn an MBA as soon as possible after earning her four-year college degree. Outline the five steps in effective planning and use these planning guidelines to develop an appropriate plan for her.

Accepted Answer

The answer of A daughter of a well-known financier is...

Question 18

The six steps in the rational decision-making process are as follows: (1) frame the problem, (2) identify decision criteria, (3) weight the criteria, (4) generate alternative courses of action, (5) evaluate each alternative, and (6) compute the optimal decision.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements is true about tactical plans?

Accepted Answer

A) They are developed by top managers. 
B) They are developed by team leaders. 
C) They elaborate the daily schedules of workers. 
D) They are short­term plans for a maximum of three months. 
E) They direct behavior and efforts for six to two years.

Exam 5: Planning and Decision Making

The three kinds of standing plans are policies, procedures, and rules and regulations.

The manager of a car manufacturing company in the U.S. wants to set up factories in three other countries by the end of the year. After he has set this goal, which of the following is the next step he should take in order to achieve this goal?

Explain how the rational decision-making process may help to overcome predispositions and biases that a manager has in a given decision-making situation.

A laptop manufacturer has created a set of methods to deal with specific technical issues raised by customers. These methods are _____.

Caleb wants to increase the efficiency of his coffee plant. He is trying to decide which option is better: installing new equipment or servicing the old ones. In the context of the decision-making concept, Caleb is _____.

Which of the following is true about planning?

List and briefly describe the three kinds of operational plans.

Identify the four basic steps in the management by objectives process.

A(n) _____ lists the specific steps, people, resources, and time period for accomplishing a goal.

Which of the following is the first step in establishing a devil's advocacy program?

The presence of a gap between an existing state and a desired state is no guarantee that managers will make decisions to solve problems.

Creating and executing a plan is one of the most important tasks of a manager.

For options-based planning to work, the organization must _____.

At a canning factory, new employees were instructed to wear a certain type of clothes when working around the canning machine. The description of the clothes was very detailed and specific. Which of the following kinds of standing plans is described in this example?

For planning to be effective, workers need a specific, challenging goal as well as regular feedback to track their progress.

On average, companies that create plans have larger profits and grow much faster than companies that don't.

The six steps in the rational decision-making process are as follows: (1) frame the problem, (2) identify decision criteria, (3) weight the criteria, (4) generate alternative courses of action, (5) evaluate each alternative, and (6) compute the optimal decision.

Which of the following statements is true about tactical plans?

Exam 5: Planning and Decision Making

The three kinds of standing plans are policies, procedures, and rules and regulations.

The manager of a car manufacturing company in the U.S. wants to set up factories in three​ other countries by the end of the year. After he has set this goal, which of the following is the next step he should take in order to achieve this goal?

Explain how the rational decision-making process may help to overcome predispositions and biases that a manager has in a given decision-making situation.

A laptop manufacturer has created a set of methods to deal with specific technical issues raised by customers. These methods are _____.

Caleb wants to increase the efficiency of his coffee plant. He is trying to decide which option is better: installing new equipment or servicing the old ones. In the context of the decision-making concept, Caleb is _____.

Which of the following is true about planning?

List and briefly describe the three kinds of operational plans.

Identify the four basic steps in the management by objectives process.

A(n) _____ lists the specific steps, people, resources, and time period for accomplishing a goal.

Which of the following is the first step ​in establishing a devil's advocacy program?

The presence of a gap between an existing state and a desired state is no guarantee that managers will make decisions to solve problems.

Creating and executing a plan is one of the most important tasks of a manager.

For options-based planning to work, the organization must _____.

At a canning factory, new employees were instructed to wear a certain type of clothes when working around the canning machine. The description of the clothes was very detailed and specific. Which of the following kinds of standing plans is described in this example?

For planning to be effective, workers need a specific, challenging goal as well as regular feedback to track their progress.

On average, companies that create plans have larger profits and grow much faster than companies that don't.

The six steps in the rational decision-making process are as follows: (1) frame the problem, (2) identify decision criteria, (3) weight the criteria, (4) generate alternative courses of action, (5) evaluate each alternative, and (6) compute the optimal decision.

Which of the following statements is true about tactical plans?

The manager of a car manufacturing company in the U.S. wants to set up factories in three other countries by the end of the year. After he has set this goal, which of the following is the next step he should take in order to achieve this goal?

Which of the following is the first step in establishing a devil's advocacy program?