Question 1

Which one of the following refers to targets to be achieved within a time frame of five to seven years?

Accepted Answer

A) short-term objectives 
B) intermediate-term plans 
C) long-term objectives 
D) operational goals 
E) medium-term objectives 
A) short-term objectives 
B) intermediate-term plans 
C) long-term objectives 
D) operational goals 
E) medium-term objectives C

Question 2

Which one of the following is the rationale behind letting the people responsible for attaining certain objectives have a voice in setting them?

Accepted Answer

A) Employees are more capable than managers and are better at establishing objectives. 
B) Managers are motivated when their employees are allowed to have a say in goal setting. 
C) Employees can showcase their managerial potential when they are allowed to set their own goals. 
D) Managers tend to set objectives that are often easily achievable and do not challenge employees. 
E) The people responsible for attaining the objectives know their job better than the managers do. 
A) Employees are more capable than managers and are better at establishing objectives. 
B) Managers are motivated when their employees are allowed to have a say in goal setting. 
C) Employees can showcase their managerial potential when they are allowed to set their own goals. 
D) Managers tend to set objectives that are often easily achievable and do not challenge employees. 
E) The people responsible for attaining the objectives know their job better than the managers do. E

Question 3

Tandem Industries is a cycle manufacturer.As part of its planning activities,it sets an objective to increase its market share by 5 percent within 3 years.This is an example of a(n)________.

Accepted Answer

A) short-term objective 
B) intermediate-term objective 
C) long-term objective 
D) suboptimal objective 
E) principled objective 
A) short-term objective 
B) intermediate-term objective 
C) long-term objective 
D) suboptimal objective 
E) principled objective B

Question 4

According to Drucker,which one of the following statements is an example of an organizational objective related to productivity?

Accepted Answer

A) to reduce overall inventory management costs by 15 percent 
B) to increase the use of environmentally friendly workplace practices 
C) to lower the rate of attrition in the organization within the next 6 months 
D) to increase the unit's monthly output by 10 percent within the next 12 months 
E) to reduce total overhead costs by 5 percent by the end of the year 
A) to reduce overall inventory management costs by 15 percent 
B) to increase the use of environmentally friendly workplace practices 
C) to lower the rate of attrition in the organization within the next 6 months 
D) to increase the unit's monthly output by 10 percent within the next 12 months 
E) to reduce total overhead costs by 5 percent by the end of the year

Question 5

Organizations exist for a variety of purposes,but many see ________ as their primary purpose.

Accepted Answer

A) increasing shareholder wealth 
B) making a profit 
C) creating policies and procedures 
D) writing objectives 
E) advertising products 
A) increasing shareholder wealth 
B) making a profit 
C) creating policies and procedures 
D) writing objectives 
E) advertising products

Question 6

Describe the steps in the planning process.

Accepted Answer

The planning process consists of the fol

Question 7

According to Drucker,management should set objectives that indicate the company's responsibilities to its customers and society but should not specify the extent to which the company intends to live up to these responsibilities.

Accepted Answer

A) True 
 B)False

Question 8

Short-term objectives are targets to be achieved within five to seven years.

Accepted Answer

A) True 
 B)False

Question 9

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

Accepted Answer

A) Forecasting 
B) Disturbance 
C) Planning 
D) Scheduling 
E) Monitoring 
A) Forecasting 
B) Disturbance 
C) Planning 
D) Scheduling 
E) Monitoring

Question 10

Targets to be achieved in one year or less are called ________.

Accepted Answer

A) time-bound actions 
B) departmentalized goals 
C) short-term objectives 
D) long-term objectives 
E) intermediate-term plans 
A) time-bound actions 
B) departmentalized goals 
C) short-term objectives 
D) long-term objectives 
E) intermediate-term plans

Question 11

Which one of the following best describes the difference between an activity and an event?

Accepted Answer

A) An activity is the completion of major project tasks,and an event focuses on the resources to be used for the task. 
B) An activity avoids describing the attainment of objectives in operational terms,whereas an event does not. 
C) Activity emphasizes the internal environment,as opposed to an event which emphasizes the external environment. 
D) An activity is a specified set of behaviors within a project,and an event is the completion of major project tasks. 
E) Activities focus on present opportunities,while events focus on potential opportunities that may not materialize. 
A) An activity is the completion of major project tasks,and an event focuses on the resources to be used for the task. 
B) An activity avoids describing the attainment of objectives in operational terms,whereas an event does not. 
C) Activity emphasizes the internal environment,as opposed to an event which emphasizes the external environment. 
D) An activity is a specified set of behaviors within a project,and an event is the completion of major project tasks. 
E) Activities focus on present opportunities,while events focus on potential opportunities that may not materialize.

Question 12

The targets toward which an open management system is directed are known as ________.

Accepted Answer

A) organizational purposes 
B) operational plans 
C) organizational objectives 
D) business processes 
E) objective indicators 
A) organizational purposes 
B) operational plans 
C) organizational objectives 
D) business processes 
E) objective indicators

Question 13

The protective purpose of planning is to ________.

Accepted Answer

A) ensure integration among the organization's various business units 
B) increase the degree of organizational success 
C) optimize the use of organizational resources 
D) minimize risk by reducing the uncertainties surrounding business conditions 
E) maximize the organization's ability to leverage environmental opportunities 
A) ensure integration among the organization's various business units 
B) increase the degree of organizational success 
C) optimize the use of organizational resources 
D) minimize risk by reducing the uncertainties surrounding business conditions 
E) maximize the organization's ability to leverage environmental opportunities

Question 14

Planning is the process of determining how the organization can get where it wants to go and what it will do to accomplish its objectives.

Accepted Answer

A) True 
 B)False

Question 15

The main weakness of the Gantt chart is that ________.

Accepted Answer

A) it does not contain information about the interrelationship of tasks to be performed 
B) it does not provide information about how organizational resources are bring employed 
C) it contains too much information about the interrelationship of tasks to be performed 
D) it does not help in establishing realistic worker output standards 
E) it contains information about the intrarelationship of tasks to be performed 
A) it does not contain information about the interrelationship of tasks to be performed 
B) it does not provide information about how organizational resources are bring employed 
C) it contains too much information about the interrelationship of tasks to be performed 
D) it does not help in establishing realistic worker output standards 
E) it contains information about the intrarelationship of tasks to be performed

Question 16

When management at H&M buys and stocks only merchandise that has been produced using environmentally and socially sustainable methods,they are following a company ________ implemented at their corporate office.

Accepted Answer

A) procedure 
B) policy 
C) premise 
D) assumption 
E) plan 
A) procedure 
B) policy 
C) premise 
D) assumption 
E) plan

Question 17

Which set of the following two questions best summarizes the steps involved in the planning function?

Accepted Answer

A) Where are we going? What prevents us from getting there? 
B) Where are we going? How do we get there? 
C) Who is doing the work? How will they do it? 
D) How can this firm reach its goals? When will they reach the goals? 
E) Where are we going? When will we get there? 
A) Where are we going? What prevents us from getting there? 
B) Where are we going? How do we get there? 
C) Who is doing the work? How will they do it? 
D) How can this firm reach its goals? When will they reach the goals? 
E) Where are we going? When will we get there?

Question 18

"To lower the rate of employee attrition within the organization by 5 percent through the use of effective employee retention and motivation techniques." Which one of the following is a valid criticism of this objective?

Accepted Answer

A) It is not stated in a simple fashion. 
B) It does not provide a time frame for achieving objectives. 
C) It is not related to specific actions. 
D) It is not achievable. 
E) It does not pinpoint expected results. 
A) It is not stated in a simple fashion. 
B) It does not provide a time frame for achieving objectives. 
C) It is not related to specific actions. 
D) It is not achievable. 
E) It does not pinpoint expected results.

Question 19

Organizations who set their goal targets high enough so that employees have to work above and beyond their typical productivity levels are highly successful organizations.

Accepted Answer

A) True 
 B)False

Question 20

An organization's plans fail when ________.

Accepted Answer

A) corporate planning is not integrated into the total management system 
B) the plans developed need considerable effort to be realized 
C) responsibility for planning is vested in the planning department,as well as other departments 
D) financial projections and planning are not integrated 
E) too little is attempted at once in starting formal planning 
A) corporate planning is not integrated into the total management system 
B) the plans developed need considerable effort to be realized 
C) responsibility for planning is vested in the planning department,as well as other departments 
D) financial projections and planning are not integrated 
E) too little is attempted at once in starting formal planning

Which one of the following refers to targets to be achieved within a time frame of five to seven years?

Which one of the following is the rationale behind letting the people responsible for attaining certain objectives have a voice in setting them?

Tandem Industries is a cycle manufacturer.As part of its planning activities,it sets an objective to increase its market share by 5 percent within 3 years.This is an example of a(n)________.

According to Drucker,which one of the following statements is an example of an organizational objective related to productivity?

Organizations exist for a variety of purposes,but many see ________ as their primary purpose.

Describe the steps in the planning process.

According to Drucker,management should set objectives that indicate the company's responsibilities to its customers and society but should not specify the extent to which the company intends to live up to these responsibilities.

Short-term objectives are targets to be achieved within five to seven years.

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

Targets to be achieved in one year or less are called ________.

Which one of the following best describes the difference between an activity and an event?

The targets toward which an open management system is directed are known as ________.

The protective purpose of planning is to ________.

Planning is the process of determining how the organization can get where it wants to go and what it will do to accomplish its objectives.

The main weakness of the Gantt chart is that ________.

When management at H&M buys and stocks only merchandise that has been produced using environmentally and socially sustainable methods,they are following a company ________ implemented at their corporate office.

Which set of the following two questions best summarizes the steps involved in the planning function?

"To lower the rate of employee attrition within the organization by 5 percent through the use of effective employee retention and motivation techniques." Which one of the following is a valid criticism of this objective?

Organizations who set their goal targets high enough so that employees have to work above and beyond their typical productivity levels are highly successful organizations.

An organization's plans fail when ________.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

Exam 7: Plans and Planning Tools

Which one of the following refers to targets to be achieved within a time frame of five to seven years?

Which one of the following is the rationale behind letting the people responsible for attaining certain objectives have a voice in setting them?

Tandem Industries is a cycle manufacturer.As part of its planning activities,it sets an objective to increase its market share by 5 percent within 3 years.This is an example of a(n)________.

According to Drucker,which one of the following statements is an example of an organizational objective related to productivity?

Organizations exist for a variety of purposes,but many see ________ as their primary purpose.

Describe the steps in the planning process.

According to Drucker,management should set objectives that indicate the company's responsibilities to its customers and society but should not specify the extent to which the company intends to live up to these responsibilities.

Short-term objectives are targets to be achieved within five to seven years.

________ is the process of predicting future environmental happenings that will influence the operation of the organization.

Targets to be achieved in one year or less are called ________.

Which one of the following best describes the difference between an activity and an event?

The targets toward which an open management system is directed are known as ________.

The protective purpose of planning is to ________.

Planning is the process of determining how the organization can get where it wants to go and what it will do to accomplish its objectives.

The main weakness of the Gantt chart is that ________.

When management at H&M buys and stocks only merchandise that has been produced using environmentally and socially sustainable methods,they are following a company ________ implemented at their corporate office.

Which set of the following two questions best summarizes the steps involved in the planning function?

"To lower the rate of employee attrition within the organization by 5 percent through the use of effective employee retention and motivation techniques." Which one of the following is a valid criticism of this objective?

Organizations who set their goal targets high enough so that employees have to work above and beyond their typical productivity levels are highly successful organizations.

An organization's plans fail when ________.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters