Question 1

Discuss the four main purposes of organizational goal setting.

Accepted Answer

Goal setting provides direction and guidance for managers at all levels,helps firms allocate resources,helps to define corporate culture,and helps managers assess performance.
Explanation:However, the process of setting goals needs to be conducted in a disciplined fashion in order to support these purposes.

Question 2

"Teach For America provides a critical source of well-trained teachers who are helping break the cycle of educational inequity.These teachers,called corps members,commit to teaching for two years in one of 39 urban and rural regions across the country,going above and beyond traditional expectations to help their students achieve at high levels. "Teach For America's 20,000 alumni are playing critical leadership roles in the effort to improve the quality of public education in low-income communities.Armed with the experience,conviction,and insight that come from leading children to fulfill their potential,our alumni are working from all sectors to shape our schools,policies,and investments in low-income communities."
What objective might Teach For America have,based on this description of its company mission?

Accepted Answer

A)  Teach For America will transition from a nonprofit to a for-profit organization in 2015. 
B)  Teach For America will open a food bank in low-income communities in each of its 39 regional offices. 
C)  Teach For America will increase the number of its alumni in leadership positions within school systems across the United States by 10 percent each year. 
D)  Teach For America will change the corps member service commitment to four years, versus two. 
E)  Teach For America will open ten new regional offices by the year 2020. 
A)  Teach For America will transition from a nonprofit to a for-profit organization in 2015. 
B)  Teach For America will open a food bank in low-income communities in each of its 39 regional offices. 
C)  Teach For America will increase the number of its alumni in leadership positions within school systems across the United States by 10 percent each year. 
D)  Teach For America will change the corps member service commitment to four years, versus two. 
E)  Teach For America will open ten new regional offices by the year 2020. C

Question 3

Which of the following questions would be MOST important to determine the attitude toward risk that prevails in Domino Grace's corporate culture?

Accepted Answer

A)  Have any initiatives produced extremely positive results? 
B)  How does the pay of the top executives at Domino Grace compare to that of top executives at other companies? 
C)  Were failed projects more likely to suffer from insufficient attention to detail or ineffective teamwork? 
D)  What procedures does Domino Grace use before deciding whether to proceed with a new initiative? 
E)  Does Domino Grace ever place the interests of its employees ahead of its interest in financial performance? 
A)  Have any initiatives produced extremely positive results? 
B)  How does the pay of the top executives at Domino Grace compare to that of top executives at other companies? 
C)  Were failed projects more likely to suffer from insufficient attention to detail or ineffective teamwork? 
D)  What procedures does Domino Grace use before deciding whether to proceed with a new initiative? 
E)  Does Domino Grace ever place the interests of its employees ahead of its interest in financial performance? D

Question 4

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Accepted Answer

A)  organizing 
B)  planning 
C)  controlling 
D)  processing 
E)  monitoring 
A)  organizing 
B)  planning 
C)  controlling 
D)  processing 
E)  monitoring

Question 5

Discuss the three broad levels of strategy that organizations may implement.

Accepted Answer

Organizations may set corporate,business

Question 6

Camille Graham is a manager who works well with people and makes them feel excited about their work.What type of skills is she illustrating?

Accepted Answer

A)  human relations skills 
B)  technical skills 
C)  accounting skills 
D)  conceptual skills 
E)  marketing skills 
A)  human relations skills 
B)  technical skills 
C)  accounting skills 
D)  conceptual skills 
E)  marketing skills

Question 7

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

Accepted Answer

A)  marketing managers 
B)  information managers 
C)  production managers 
D)  human resource managers 
E)  research and development managers 
A)  marketing managers 
B)  information managers 
C)  production managers 
D)  human resource managers 
E)  research and development managers

Question 8

What type of skills are needed to understand and work well with people in the workplace?

Accepted Answer

A)  human relations skills 
B)  technical skills 
C)  conceptual skills 
D)  motor skills 
E)  decision-making skills 
A)  human relations skills 
B)  technical skills 
C)  conceptual skills 
D)  motor skills 
E)  decision-making skills

Question 9

Many managers spend as much as four hours a day in meetings.

Accepted Answer

A) True 
 B)False

Question 10

SWOT analysis is usually conducted before strategic goals have been established.

Accepted Answer

A) True 
 B)False

Question 11

When IBM analyzes its internal strengths and weaknesses,it is conducting an organizational analysis.

Accepted Answer

A) True 
 B)False

Question 12

Which variable of SWOT analysis identifies changing consumer tastes,hostile takeover offers,and new government regulations?

Accepted Answer

A)  threats 
B)  opportunities 
C)  strategies 
D)  internal factors 
E)  weaknesses 
A)  threats 
B)  opportunities 
C)  strategies 
D)  internal factors 
E)  weaknesses

Question 13

What does e-partnering involve?

Accepted Answer

A)  buying shares of small companies that provide technology unavailable to the "purchasing" company 
B)  buying shares of small companies that are similar to the "purchasing" firm 
C)  linking up to the inventory records of another company 
D)  sharing a Web server with another company 
E)  advertising another company on the "purchasing" company's Web site 
A)  buying shares of small companies that provide technology unavailable to the "purchasing" company 
B)  buying shares of small companies that are similar to the "purchasing" firm 
C)  linking up to the inventory records of another company 
D)  sharing a Web server with another company 
E)  advertising another company on the "purchasing" company's Web site

Question 14

Which element of an organization is defined by shared experiences,stories,beliefs,and norms?

Accepted Answer

A)  its human resources 
B)  its product philosophy 
C)  its corporate culture 
D)  its mission statement 
E)  its organizational structure 
A)  its human resources 
B)  its product philosophy 
C)  its corporate culture 
D)  its mission statement 
E)  its organizational structure

Question 15

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

Accepted Answer

A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line? 
A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line?

Question 16

When the finance department aims for a 3 percent increase in return on investment in three years,what type of goal is the organization setting?

Accepted Answer

A)  a long-term goal 
B)  a tactical goal 
C)  a short-term goal 
D)  an intermediate goal 
E)  an organizational goal 
A)  a long-term goal 
B)  a tactical goal 
C)  a short-term goal 
D)  an intermediate goal 
E)  an organizational goal

Question 17

Which of the following BEST describes functional strategy?

Accepted Answer

A)  a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  a strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential 
A)  a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  a strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

Question 18

A strategic manager at Disney believes that the video-on-demand unit should be sold because the return it has made on Disney's investment has been below Disney's standards.Which of the following,if true,would MOST weaken the strategic manager's conclusion?

Accepted Answer

A)  Other units at Disney have earned even lower returns on investment than the video-on-demand unit has earned. 
B)  Video-on-demand is gaining in popularity over other methods of viewing videos. 
C)  Some companies expect lower returns on investment than Disney expects. 
D)  The video-on-demand unit uses a technology that was developed outside of Disney. 
E)  If Disney sold off its video-on-demand unit, the move would likely be seen as the start of a trend in the media world. 
A)  Other units at Disney have earned even lower returns on investment than the video-on-demand unit has earned. 
B)  Video-on-demand is gaining in popularity over other methods of viewing videos. 
C)  Some companies expect lower returns on investment than Disney expects. 
D)  The video-on-demand unit uses a technology that was developed outside of Disney. 
E)  If Disney sold off its video-on-demand unit, the move would likely be seen as the start of a trend in the media world.

Question 19

What is SWOT analysis?

Accepted Answer

After strategic goals have been set,orga

Question 20

Sometimes a corporation buys and operates multiple businesses in compatible industries as part of its corporate strategy.This is an example of what type of strategy?

Accepted Answer

A)  customer-driven diversification 
B)  unrelated diversification 
C)  e-partnering 
D)  strategic diversification 
E)  complex collaborations 
A)  customer-driven diversification 
B)  unrelated diversification 
C)  e-partnering 
D)  strategic diversification 
E)  complex collaborations

Discuss the four main purposes of organizational goal setting.

Which of the following questions would be MOST important to determine the attitude toward risk that prevails in Domino Grace's corporate culture?

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Discuss the three broad levels of strategy that organizations may implement.

Camille Graham is a manager who works well with people and makes them feel excited about their work.What type of skills is she illustrating?

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

What type of skills are needed to understand and work well with people in the workplace?

Many managers spend as much as four hours a day in meetings.

SWOT analysis is usually conducted before strategic goals have been established.

When IBM analyzes its internal strengths and weaknesses,it is conducting an organizational analysis.

Which variable of SWOT analysis identifies changing consumer tastes,hostile takeover offers,and new government regulations?

What does e-partnering involve?

Which element of an organization is defined by shared experiences,stories,beliefs,and norms?

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

When the finance department aims for a 3 percent increase in return on investment in three years,what type of goal is the organization setting?

Which of the following BEST describes functional strategy?

A strategic manager at Disney believes that the video-on-demand unit should be sold because the return it has made on Disney's investment has been below Disney's standards.Which of the following,if true,would MOST weaken the strategic manager's conclusion?

What is SWOT analysis?

Sometimes a corporation buys and operates multiple businesses in compatible industries as part of its corporate strategy.This is an example of what type of strategy?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 5: Managing the Business

Discuss the four main purposes of organizational goal setting.

Which of the following questions would be MOST important to determine the attitude toward risk that prevails in Domino Grace's corporate culture?

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Discuss the three broad levels of strategy that organizations may implement.

Camille Graham is a manager who works well with people and makes them feel excited about their work.What type of skills is she illustrating?

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

What type of skills are needed to understand and work well with people in the workplace?

Many managers spend as much as four hours a day in meetings.

SWOT analysis is usually conducted before strategic goals have been established.

When IBM analyzes its internal strengths and weaknesses,it is conducting an organizational analysis.

Which variable of SWOT analysis identifies changing consumer tastes,hostile takeover offers,and new government regulations?

What does e-partnering involve?

Which element of an organization is defined by shared experiences,stories,beliefs,and norms?

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

When the finance department aims for a 3 percent increase in return on investment in three years,what type of goal is the organization setting?

Which of the following BEST describes functional strategy?

A strategic manager at Disney believes that the video-on-demand unit should be sold because the return it has made on Disney's investment has been below Disney's standards.Which of the following,if true,would MOST weaken the strategic manager's conclusion?

What is SWOT analysis?

Sometimes a corporation buys and operates multiple businesses in compatible industries as part of its corporate strategy.This is an example of what type of strategy?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters