Exam 7: Foundations of Planning

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E- Biz Dreams (Scenario) Raja has just completed a Master of Science degree in computer science at Major University. He now wants to begin a new internet business selling his services as a website maker for companies in his home city. He estimates that, if his business idea is a success, within one year he will be employing at a minimum 10 programmers and 2 analysts. -To provide the programmers and analysts general guidelines about the efficiencies that are desired, Raja will have to develop what type of plan?

(Multiple Choice)
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Planning is often called the primary management function because it ___________.

(Multiple Choice)
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Effective planning in dynamic environments means flattening the organizational hierarchy.

(True/False)
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Planning is a waste of time in a dynamic environment.

(True/False)
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E- Biz Dreams (Scenario) Raja has just completed a Master of Science degree in computer science at Major University. He now wants to begin a new internet business selling his services as a website maker for companies in his home city. He estimates that, if his business idea is a success, within one year he will be employing at a minimum 10 programmers and 2 analysts. -To ensure that the organization's objectives are clearly defined and do not leave room for interpretation, Raja will have to develop what type of plan?

(Multiple Choice)
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With traditional goal setting, the goals are set at the top level of management and ____________.

(Multiple Choice)
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When can the traditional top- down approach to planning be effective?

(Multiple Choice)
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The effect of planning on managers is that it forces them to___________ .

(Multiple Choice)
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A well- designed goal should be___________ .

(Multiple Choice)
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The Dynamic Environment (Scenario) A group of shareholders at Company EZ has strongly suggested that the firm update its planning practices to include more participative decision making and greater feedback to employees. -Because the managers at Company EZ work in such an uncertain environment, it is essential that they develop a plan. What will they have to do to plan in such an environment?

(Multiple Choice)
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Specific plans are clearly defined and ___________.

(Multiple Choice)
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The Dynamic Environment (Scenario) A group of shareholders at Company EZ has strongly suggested that the firm update its planning practices to include more participative decision making and greater feedback to employees. -Company EZ's business is technology- related and the environment is very dynamic. Management at Company EZ argues that formal planning ____________ .

(Multiple Choice)
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As organizational environments have become more uncertain,___________ .

(Multiple Choice)
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Directional plans have clearly defined objectives.

(True/False)
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The second step in goal setting is to determine the goals individually or with input from others.

(True/False)
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Standing plans are ongoing plans that provide ___________.

(Multiple Choice)
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The flexibility inherent in directional plans must be weighed against the ____________ .

(Multiple Choice)
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An MBO program consists of four elements: loose goals, participative decision making, an explicit time period, and performance feedback.

(True/False)
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As organizations expand and update their computing technology, they are___________ _.

(Multiple Choice)
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Planning is concerned with how objectives are to be accomplished, not what is to be accomplished.

(True/False)
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