Exam 4: Managing Planning and Strategy
Exam 1: Managers and Managing129 Questions
Exam 2: Managing the Organizational Environment104 Questions
Exam 3: Managing Decision Making113 Questions
Exam 4: Managing Planning and Strategy117 Questions
Exam 5: Managing Organizational Structure100 Questions
Exam 6: Managing Communication and Information Technology It103 Questions
Exam 7: Managing Human Resources110 Questions
Exam 8: Managing Motivation117 Questions
Exam 9: Managing Leadership118 Questions
Exam 10: Managing Teams115 Questions
Exam 11: Managing Control and Operations84 Questions
Exam 12: Managing Change77 Questions
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A plan that indicates how a division intends to compete against its rivals in an industry is known as a:
(Multiple Choice)
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A is a broad declaration of an organization's overriding purpose intended to identify its products and customers and distinguish itself from other similar organizations.
(Multiple Choice)
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Cott Corporation pursues a focused differentiation strategy in that it focuses on large retail chains and strives to be the lowest-cost company serving that segment of the market.
(True/False)
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The goal of GE lighting to reduce production costs by 20% over three years is a corporate-level goal.
(True/False)
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Which aspect of planning is emphasized when it is said that managers need to make every attempt to collect and utilize all available information at their disposal?
(Multiple Choice)
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An example of adding value in the research and development department of an organization is to improve existing products.
(True/False)
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Attaining superior quality products and services is a way of gaining a competitive advantage.
(True/False)
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Implementation of strategy involves establishing a timetable that includes when goals are scheduled to be completed, such as a Gantt chart.
(True/False)
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There are four building blocks in gaining a competitive advantage.
(True/False)
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In general, corporate-level planning is the primary responsibility of top management while business-level planning is the primary responsibility of supervisors.
(True/False)
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Which of the following is an important reason for planning?
(Multiple Choice)
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A goal is a broad declaration of the organization and/or a statement of its dreams for the future.
(True/False)
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In the second step of the planning process, managers analyze the organization's current strengths and weaknesses to formulate strategy.
(True/False)
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A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals is known as:
(Multiple Choice)
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An SOP is a written instruction describing the exact series of actions that should be followed in a specific situation.
(True/False)
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