Question 1

Management by Objectives consists of four elements: loose goals, participative decision making, an explicit time period and performance feedback.

Accepted Answer

A) True 
 B)False

Question 2

When we categorise plans as short term versus long term we are referring to their ________.

Accepted Answer

A) breadth 
B) specificity 
C) frequency of use 
D) depth 
E) time frame 
A) breadth 
B) specificity 
C) frequency of use 
D) depth 
E) time frame

Question 3

A project is considered to be a one-time set of activities that has ________.

Accepted Answer

A) definitive assessment stages across time 
B) significant points to be analysed 
C) a definite beginning and ending point in time 
D) may have a defined end point or be ongoing 
E) an estimated start and finish date 
A) definitive assessment stages across time 
B) significant points to be analysed 
C) a definite beginning and ending point in time 
D) may have a defined end point or be ongoing 
E) an estimated start and finish date

Question 4

Which of the following is one suggestion for improving forecasting effectiveness?

Accepted Answer

A) Do not utilise a 'no change' scenario. 
B) Base forecasts beyond the next two years. 
C) Utilise the 'half-life' estimation model. 
D) Factor analyse product information. 
E) Use rolling forecasts instead of a static one. 
A) Do not utilise a 'no change' scenario. 
B) Base forecasts beyond the next two years. 
C) Utilise the 'half-life' estimation model. 
D) Factor analyse product information. 
E) Use rolling forecasts instead of a static one.

Question 5

Managers must be able to follow through with plans even if conditions change.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is NOT one of the four common elements of Management by Objectives (MBO)?

Accepted Answer

A) goal specificity 
B) participative decision making 
C) an explicit time period 
D) a systems loop 
E) performance feedback 
A) goal specificity 
B) participative decision making 
C) an explicit time period 
D) a systems loop 
E) performance feedback

Question 7

Where in the organisational hierarchy are traditional goals determined?

Accepted Answer

A) front-line employees 
B) team leaders 
C) lower-level managers 
D) middle managers 
E) top managers 
A) front-line employees 
B) team leaders 
C) lower-level managers 
D) middle managers 
E) top managers

Question 8

A manager who applies a set of mathematical rules to a series of past data to predict outcomes is engaging in qualitative forecasting.

Accepted Answer

A) True 
 B)False

Question 9

Traditional goals set by top management tend to be specific and unambiguous.

Accepted Answer

A) True 
 B)False

Question 10

In a typical project, all of the work is done by a project manager who reports to the project coordinator.

Accepted Answer

A) True 
 B)False

Question 11

Environmental scanning creates the foundation for forecasts.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following types of plans tend to cover short periods such as monthly, weekly and daily?

Accepted Answer

A) operational 
B) long-term 
C) strategic 
D) specific 
E) directional 
A) operational 
B) long-term 
C) strategic 
D) specific 
E) directional

Question 13

Bluescope's plans on changing their roof paint colour scheme because they believe that in the future, people will be interested in purchasing environmentally-friendly roofing material is an example of what kind of environmental scanning?

Accepted Answer

A) scenario 
B) forecasting 
C) benchmarking 
D) anticipating 
E) change making 
A) scenario 
B) forecasting 
C) benchmarking 
D) anticipating 
E) change making

Question 14

The organisational hierarchy becomes flattened as the responsibility for establishing goals and developing plans is ________.

Accepted Answer

A) moved to the middle organisational levels 
B) pushed to the lowest organisational levels 
C) shifted to a formal planning department 
D) more the work of the financial department 
E) outsourced to management consultancies 
A) moved to the middle organisational levels 
B) pushed to the lowest organisational levels 
C) shifted to a formal planning department 
D) more the work of the financial department 
E) outsourced to management consultancies

Question 15

An appeal of Management by Objectives (MBO)lies in its emphasis on employees working to accomplish goals which are ________.

Accepted Answer

A) companywide and realistic 
B) effective and easy to measure 
C) stated and confirmed 
D) real and understandable 
E) partly set by them 
A) companywide and realistic 
B) effective and easy to measure 
C) stated and confirmed 
D) real and understandable 
E) partly set by them

Question 16

An organisation's stated goals never conflict with what appear to be their real goals.

Accepted Answer

A) True 
 B)False

Question 17

To plan a project, all activities in the project and the resources needed to do them must be ________.

Accepted Answer

A) satisfied 
B) on hand 
C) identified 
D) trained 
E) break even 
A) satisfied 
B) on hand 
C) identified 
D) trained 
E) break even

Question 18

Which of the following is NOT an accurate statement concerning the process of competitor intelligence gathering?

Accepted Answer

A) It is legal but unethical. 
B) Competitive intelligence does not necessarily have to involve organisational spying. 
C) News can provide valuable information about competitors' activities. 
D) Advertisements, promotional material are press releases are examples of readily available sources of information. 
E) Attending trade shows and debriefing the sales force is a good source of competitor information. 
A) It is legal but unethical. 
B) Competitive intelligence does not necessarily have to involve organisational spying. 
C) News can provide valuable information about competitors' activities. 
D) Advertisements, promotional material are press releases are examples of readily available sources of information. 
E) Attending trade shows and debriefing the sales force is a good source of competitor information.

Question 19

Which of the following is an example of a traditional goal?

Accepted Answer

A) Increase sales by 5 per cent. 
B) Be the market leader in the state. 
C) Gain 10 per cent market share. 
D) Achieve break-even costs by the end of next quarter. 
E) Decrease labour costs to 38 per cent cost of goods sold. 
A) Increase sales by 5 per cent. 
B) Be the market leader in the state. 
C) Gain 10 per cent market share. 
D) Achieve break-even costs by the end of next quarter. 
E) Decrease labour costs to 38 per cent cost of goods sold.

Question 20

A city's policy concerning skateboarding on city footpaths providing guidance for police action would be considered what type of plan?

Accepted Answer

A) standing 
B) contingency 
C) directional 
D) single use 
E) strategic 
A) standing 
B) contingency 
C) directional 
D) single use 
E) strategic

Management by Objectives consists of four elements: loose goals, participative decision making, an explicit time period and performance feedback.

When we categorise plans as short term versus long term we are referring to their ________.

A project is considered to be a one-time set of activities that has ________.

Which of the following is one suggestion for improving forecasting effectiveness?

Managers must be able to follow through with plans even if conditions change.

Which of the following is NOT one of the four common elements of Management by Objectives (MBO)?

Where in the organisational hierarchy are traditional goals determined?

A manager who applies a set of mathematical rules to a series of past data to predict outcomes is engaging in qualitative forecasting.

Traditional goals set by top management tend to be specific and unambiguous.

In a typical project, all of the work is done by a project manager who reports to the project coordinator.

Environmental scanning creates the foundation for forecasts.

Which of the following types of plans tend to cover short periods such as monthly, weekly and daily?

Bluescope's plans on changing their roof paint colour scheme because they believe that in the future, people will be interested in purchasing environmentally-friendly roofing material is an example of what kind of environmental scanning?

The organisational hierarchy becomes flattened as the responsibility for establishing goals and developing plans is ________.

An appeal of Management by Objectives (MBO)lies in its emphasis on employees working to accomplish goals which are ________.

An organisation's stated goals never conflict with what appear to be their real goals.

To plan a project, all activities in the project and the resources needed to do them must be ________.

Which of the following is NOT an accurate statement concerning the process of competitor intelligence gathering?

Which of the following is an example of a traditional goal?

A city's policy concerning skateboarding on city footpaths providing guidance for police action would be considered what type of plan?

Introduction to Organisations and Management

Management Yesterday and Today

Environment and Organisational Culture: the Constraints

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managers As Decision Makers

Managing Change and Innovation

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 8: Foundations of Planning

Management by Objectives consists of four elements: loose goals, participative decision making, an explicit time period and performance feedback.

When we categorise plans as short term versus long term we are referring to their ________.

A project is considered to be a one-time set of activities that has ________.

Which of the following is one suggestion for improving forecasting effectiveness?

Managers must be able to follow through with plans even if conditions change.

Which of the following is NOT one of the four common elements of Management by Objectives (MBO)?

Where in the organisational hierarchy are traditional goals determined?

A manager who applies a set of mathematical rules to a series of past data to predict outcomes is engaging in qualitative forecasting.

Traditional goals set by top management tend to be specific and unambiguous.

In a typical project, all of the work is done by a project manager who reports to the project coordinator.

Environmental scanning creates the foundation for forecasts.

Which of the following types of plans tend to cover short periods such as monthly, weekly and daily?

Bluescope's plans on changing their roof paint colour scheme because they believe that in the future, people will be interested in purchasing environmentally-friendly roofing material is an example of what kind of environmental scanning?

The organisational hierarchy becomes flattened as the responsibility for establishing goals and developing plans is ________.

An appeal of Management by Objectives (MBO)lies in its emphasis on employees working to accomplish goals which are ________.

An organisation's stated goals never conflict with what appear to be their real goals.

To plan a project, all activities in the project and the resources needed to do them must be ________.

Which of the following is NOT an accurate statement concerning the process of competitor intelligence gathering?

Which of the following is an example of a traditional goal?

A city's policy concerning skateboarding on city footpaths providing guidance for police action would be considered what type of plan?

Introduction to Organisations and Management

Management Yesterday and Today

Environment and Organisational Culture: the Constraints

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managers As Decision Makers

Managing Change and Innovation

Strategic Management

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters