Question 1

The intended duration of a plan is known as a:

Accepted Answer

A) time horizon 
B) rolling horizon 
C) goal 
D) objective 
E) mission 
A) time horizon 
B) rolling horizon 
C) goal 
D) objective 
E) mission

Question 2

Scenario planning is the same thing as contingency planning.

Accepted Answer

A) True 
 B)False

Question 3

Michael Porter identified four factors that are major threats in the external environment.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is an important reason for planning?

Accepted Answer

A) Planning is a useful way of getting managers to participate in decision making 
B) Planning is a means to give the organization a sense of direction 
C) A plan can be useful as a device for controlling managers 
D) A plan helps coordinate managers of the different divisions to ensure that they all pull in the same direction 
E) All of these choices are important reasons for planning 
A) Planning is a useful way of getting managers to participate in decision making 
B) Planning is a means to give the organization a sense of direction 
C) A plan can be useful as a device for controlling managers 
D) A plan helps coordinate managers of the different divisions to ensure that they all pull in the same direction 
E) All of these choices are important reasons for planning

Question 5

The desire of Bill Gates of Microsoft to have "a computer on every desk" is an example of a:

Accepted Answer

A) mission statement 
B) vision statement 
C) goal statement 
D) swot analysis 
E) corporate-level strategy 
A) mission statement 
B) vision statement 
C) goal statement 
D) swot analysis 
E) corporate-level strategy

Question 6

The intended duration of a plan is known as a rolling plan.

Accepted Answer

A) True 
 B)False

Question 7

Describe one advantage and one disadvantage of franchising.

Accepted Answer

Answers may vary as there are multiple a

Question 8

All of the following are included in Porter's Five Forces Model,except?

Accepted Answer

A) The level of rivalry among competitors 
B) The potential ease of entry into the industry 
C) The opportunity to increase market share 
D) The threat of substitute products 
E) The power of customers 
A) The level of rivalry among competitors 
B) The potential ease of entry into the industry 
C) The opportunity to increase market share 
D) The threat of substitute products 
E) The power of customers

Question 9

Michael Porter presented two basic ways in which the top management of an organization could select a business-level strategy for their organization.Discuss these and show how each main strategy can be 'focused'.

Accepted Answer

Managers can select a cost-leadership st

Question 10

The goal of GE lighting to reduce production costs by 20% over three years is a _________ goal.

Accepted Answer

A) corporate-level 
B) business-level 
C) functional-level 
D) departmental-level 
E) global-level 
A) corporate-level 
B) business-level 
C) functional-level 
D) departmental-level 
E) global-level

Question 11

Michael Porter's Five Forces model is a well-known model that helps managers isolate forces in the external environment that are potential threats.

Accepted Answer

A) True 
 B)False

Question 12

A SWOT analysis stands for systems,weaknesses,opportunities,and technologies.

Accepted Answer

A) True 
 B)False

Question 13

Planning is a three-step activity.

Accepted Answer

A) True 
 B)False

Question 14

Successful innovation that gives a department something unique that its rivals lack is a(n)__________ strategy.

Accepted Answer

A) low-cost functional 
B) corporate-level 
C) differentiation 
D) efficient 
E) focused cost leadership 
A) low-cost functional 
B) corporate-level 
C) differentiation 
D) efficient 
E) focused cost leadership

The intended duration of a plan is known as a:

Scenario planning is the same thing as contingency planning.

Michael Porter identified four factors that are major threats in the external environment.

Which of the following is an important reason for planning?

The desire of Bill Gates of Microsoft to have "a computer on every desk" is an example of a:

The intended duration of a plan is known as a rolling plan.

Describe one advantage and one disadvantage of franchising.

All of the following are included in Porter's Five Forces Model,except?

Michael Porter presented two basic ways in which the top management of an organization could select a business-level strategy for their organization.Discuss these and show how each main strategy can be 'focused'.

The goal of GE lighting to reduce production costs by 20% over three years is a _________ goal.

Michael Porter's Five Forces model is a well-known model that helps managers isolate forces in the external environment that are potential threats.

A SWOT analysis stands for systems,weaknesses,opportunities,and technologies.

Planning is a three-step activity.

Successful innovation that gives a department something unique that its rivals lack is a(n)__________ strategy.

Managers and Managing

Managing the Organizational Environment

Managing Decision Making

Managing Organizational Structure

Managing Communication and Information Technology IT

Managing Human Resources

Managing Motivation

Managing Leadership

Managing Teams

Managing Control and Operations

Managing Change

Filters

Exam 4: Managing Planning and Strategy

The intended duration of a plan is known as a:

Scenario planning is the same thing as contingency planning.

Michael Porter identified four factors that are major threats in the external environment.

Which of the following is an important reason for planning?

The desire of Bill Gates of Microsoft to have "a computer on every desk" is an example of a:

The intended duration of a plan is known as a rolling plan.

Describe one advantage and one disadvantage of franchising.

All of the following are included in Porter's Five Forces Model,except?

Michael Porter presented two basic ways in which the top management of an organization could select a business-level strategy for their organization.Discuss these and show how each main strategy can be 'focused'.

The goal of GE lighting to reduce production costs by 20% over three years is a _________ goal.

Michael Porter's Five Forces model is a well-known model that helps managers isolate forces in the external environment that are potential threats.

A SWOT analysis stands for systems,weaknesses,opportunities,and technologies.

Planning is a three-step activity.

Successful innovation that gives a department something unique that its rivals lack is a(n)__________ strategy.

Managers and Managing

Managing the Organizational Environment

Managing Decision Making

Managing Organizational Structure

Managing Communication and Information Technology IT

Managing Human Resources

Managing Motivation

Managing Leadership

Managing Teams

Managing Control and Operations

Managing Change

Filters