Question 1

Crisis management is the same as contingency planning.

Accepted Answer

A) True 
 B)False

Question 2

Managers use scenario planning to generate different future scenarios of conditions in the environment.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

A cost-leadership strategy is a business-level strategy that serves many market segments.

Accepted Answer

A) True 
 B)False

Question 5

A(n)_ is a plan that is updated and amended every year and takes account of changing conditions in the external environment.

Accepted Answer

A) intermediate plan 
B) divisional plan 
C) rolling plan 
D) long-term plan 
E) corporate plan 
A) intermediate plan 
B) divisional plan 
C) rolling plan 
D) long-term plan 
E) corporate plan

Question 6

Implementing strategy may require:

Accepted Answer

A) Allocating appropriate resources 
B) Allocating responsibility 
C) Holding specific people accountable for performance 
D) Creating detailed action plans with a timeframe for achieving specific goals 
E) All of the choices are correct 
A) Allocating appropriate resources 
B) Allocating responsibility 
C) Holding specific people accountable for performance 
D) Creating detailed action plans with a timeframe for achieving specific goals 
E) All of the choices are correct

Question 7

A is a desired outcome that an organization strives to achieve within a specified timeframe.

Accepted Answer

A) goal 
B) SWOT analysis 
C) vision 
D) multi-domestic strategy 
E) vertical integration 
A) goal 
B) SWOT analysis 
C) vision 
D) multi-domestic strategy 
E) vertical integration

Question 8

Discuss the levels of managers responsible for various types of plans.

Accepted Answer

Top level managers are responsible for p

Question 9

Discuss what is meant by a SWOT analysis and give examples using Amazon.com.

Accepted Answer

SWOT (Strengths, Weaknesses, Opportuniti

Question 10

Planning gives managers a sense of direction and purpose.

Accepted Answer

A) True 
 B)False

Question 11

How does vision differ from other forms of organizational direction setting?

Accepted Answer

The four qualities of effective plans ar

Question 12

Functional-level strategies add value to the company or lower the costs of creating value.

Accepted Answer

A) True 
 B)False

Question 13

The planning process includes:

Accepted Answer

A) Determining the vision, mission, and major goals of the organization 
B) Implementing and evaluating strategies 
C) Analyzing the organizational environment 
D) Formulating strategies to accomplish goals 
E) All of these choices are correct 
A) Determining the vision, mission, and major goals of the organization 
B) Implementing and evaluating strategies 
C) Analyzing the organizational environment 
D) Formulating strategies to accomplish goals 
E) All of these choices are correct

Question 14

Qualities of good goal formation include all of the following, except:

Accepted Answer

A) Accountable 
B) Specific 
C) Measurable 
D) Time-related. 
E) Realistic 
A) Accountable 
B) Specific 
C) Measurable 
D) Time-related. 
E) Realistic

Question 15

Identifying and selecting appropriate goals and courses of action is known as:

Accepted Answer

A) implementing 
B) organizing 
C) learning 
D) controlling 
E) planning 
A) implementing 
B) organizing 
C) learning 
D) controlling 
E) planning

Question 16

Strategy implementation involves three steps.

Accepted Answer

A) True 
 B)False

Question 17

The degree to which a firm can recover from a crisis depends on how transparent and open the top managers are with stakeholders.

Accepted Answer

A) True 
 B)False

Question 18

Departments such as sales and marketing formulate business-level strategies.

Accepted Answer

A) True 
 B)False

Question 19

Which one of the following is not one of Porter's Five Forces?

Accepted Answer

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

Question 20

Contingency planning is also known as:

Accepted Answer

A) global planning 
B) corporate-level planning 
C) business-level planning 
D) scenario planning 
E) all of these choices are incorrect 
A) global planning 
B) corporate-level planning 
C) business-level planning 
D) scenario planning 
E) all of these choices are incorrect

Crisis management is the same as contingency planning.

Managers use scenario planning to generate different future scenarios of conditions in the environment.

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

A cost-leadership strategy is a business-level strategy that serves many market segments.

A(n)_ is a plan that is updated and amended every year and takes account of changing conditions in the external environment.

Implementing strategy may require:

A is a desired outcome that an organization strives to achieve within a specified timeframe.

Discuss the levels of managers responsible for various types of plans.

Discuss what is meant by a SWOT analysis and give examples using Amazon.com.

Planning gives managers a sense of direction and purpose.

How does vision differ from other forms of organizational direction setting?

Functional-level strategies add value to the company or lower the costs of creating value.

The planning process includes:

Qualities of good goal formation include all of the following, except:

Identifying and selecting appropriate goals and courses of action is known as:

Strategy implementation involves three steps.

The degree to which a firm can recover from a crisis depends on how transparent and open the top managers are with stakeholders.

Departments such as sales and marketing formulate business-level strategies.

Which one of the following is not one of Porter's Five Forces?

Contingency planning is also known as:

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

Crisis management is the same as contingency planning.

Managers use scenario planning to generate different future scenarios of conditions in the environment.

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

A cost-leadership strategy is a business-level strategy that serves many market segments.

A(n)_ is a plan that is updated and amended every year and takes account of changing conditions in the external environment.

Implementing strategy may require:

A is a desired outcome that an organization strives to achieve within a specified timeframe.

Discuss the levels of managers responsible for various types of plans.

Discuss what is meant by a SWOT analysis and give examples using Amazon.com.

Planning gives managers a sense of direction and purpose.

How does vision differ from other forms of organizational direction setting?

Functional-level strategies add value to the company or lower the costs of creating value.

The planning process includes:

Qualities of good goal formation include all of the following, except:

Identifying and selecting appropriate goals and courses of action is known as:

Strategy implementation involves three steps.

The degree to which a firm can recover from a crisis depends on how transparent and open the top managers are with stakeholders.

Departments such as sales and marketing formulate business-level strategies.

Which one of the following is not one of Porter's Five Forces?

Contingency planning is also known as:

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