Question 1

Which of the following is a single-use plan?

Accepted Answer

A)  A procedure 
B)  A policy 
C)  A budget 
D)  A mission 
E)  A vision 
A)  A procedure 
B)  A policy 
C)  A budget 
D)  A mission 
E)  A vision

Question 2

Policies set expectations for many aspects of employee behavior.

Accepted Answer

A) True 
 B)False

Question 3

Nakatomi Inc. wants to open a new automobile manufacturing unit in Kasnia. Kaoruko's team is assigned the task of planning the layout of the new factory in Kasnia. In this scenario, Kaoruko is dealing with the _____ plan.

Accepted Answer

A)  facilities 
B)  financial 
C)  operational 
D)  marketing 
E)  inventory 
A)  facilities 
B)  financial 
C)  operational 
D)  marketing 
E)  inventory

Question 4

Plans alone don't deliver results; implemented plans do.

Accepted Answer

A) True 
 B)False

Question 5

Laura is the owner of a boutique. She comes up with a new plan to improve the sale and distribution of the merchandise of her boutique. Which functional plan did Laura employ in this scenario?

Accepted Answer

A)  Human resource plan 
B)  Logistics plan 
C)  Marketing plan 
D)  Production plan 
E)  Facilities plan 
A)  Human resource plan 
B)  Logistics plan 
C)  Marketing plan 
D)  Production plan 
E)  Facilities plan

Question 6

Strategic plans ideally set forth the goals and objectives needed to accomplish the organization's vision in terms of mission or purpose and what it hopes to be in the future.

Accepted Answer

A) True 
 B)False

Question 7

Morrison Manufacturing (MM) creates a budget for projects or activities in each new budget period as if it were brand new. It does not renew any of the past funding. MM is using a(n) _____ budgeting approach.

Accepted Answer

A)  nonmonetary 
B)  operating 
C)  zero-based 
D)  fixed 
E)  flexible 
A)  nonmonetary 
B)  operating 
C)  zero-based 
D)  fixed 
E)  flexible

Question 8

____ goals set targets to create the knowledge and skills required for performance.

Accepted Answer

The answer of ____ goals set targets to create the...

Question 9

Which of the following is true about long-range and short-range plans?

Accepted Answer

A)  There is a lot more permanency to long-term plans today than there was in the past. 
B)  Long-term plans are not subject to frequent revisions today. 
C)  Long-term plans typically look at least ten years or more into the future. 
D)  The time frames of planning are shrinkingat present. 
E)  Lower management is mainly responsible for creating short-term plans. 
A)  There is a lot more permanency to long-term plans today than there was in the past. 
B)  Long-term plans are not subject to frequent revisions today. 
C)  Long-term plans typically look at least ten years or more into the future. 
D)  The time frames of planning are shrinkingat present. 
E)  Lower management is mainly responsible for creating short-term plans.

Question 10

_____ indicate how different operations within the organization will help advance the overall strategy.

Accepted Answer

A)  Operational plans 
B)  Policies 
C)  Budgets 
D)  Functional plans 
E)  Missions 
A)  Operational plans 
B)  Policies 
C)  Budgets 
D)  Functional plans 
E)  Missions

Question 11

Financial budgets:

Accepted Answer

A)  project cash flows and expenditures. 
B)  plot anticipated sales or revenues against expenses. 
C)  allocate resources like labor, equipment, and space. 
D)  allocate a stated amount of resources for a specific purpose. 
E)  allow resources to vary in proportion with various levels of activity. 
A)  project cash flows and expenditures. 
B)  plot anticipated sales or revenues against expenses. 
C)  allocate resources like labor, equipment, and space. 
D)  allocate a stated amount of resources for a specific purpose. 
E)  allow resources to vary in proportion with various levels of activity.

Question 12

_____occurs when an organization allows itself to be carried along by the flow of events.

Accepted Answer

A)  Coordination 
B)  Organizational pressure 
C)  Complacency trap 
D)  Ecological fallacy 
E)  Ethnocentrism 
A)  Coordination 
B)  Organizational pressure 
C)  Complacency trap 
D)  Ecological fallacy 
E)  Ethnocentrism

Question 13

_____ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Accepted Answer

A)  Leading 
B)  Directing 
C)  Resourcing 
D)  Organizing 
E)  Processing 
A)  Leading 
B)  Directing 
C)  Resourcing 
D)  Organizing 
E)  Processing

Question 14

Budgets are standing plans that are used over and over again.

Accepted Answer

A) True 
 B)False

Question 15

A flexible budget allocates resources as if each budget were brand new.

Accepted Answer

A) True 
 B)False

Question 16

____ plans typically look three or more years into the future.

Accepted Answer

Long-term,

Question 17

Qualitative forecasting uses _____ to predict future events.

Accepted Answer

A)  budgets 
B)  expert opinions 
C)  mathematical models 
D)  statistical analyses 
E)  surveys 
A)  budgets 
B)  expert opinions 
C)  mathematical models 
D)  statistical analyses 
E)  surveys

Question 18

Great goals include a challenging stretch factor while still being realistic and possible to achieve.

Accepted Answer

A) True 
 B)False

Question 19

If staff planners are used, people may often lack commitment to implement the plans no matter how good they are.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a standing plan?

Accepted Answer

A)  A policy 
B)  A budget 
C)  A vision 
D)  A mission 
E)  A forecast 
A)  A policy 
B)  A budget 
C)  A vision 
D)  A mission 
E)  A forecast

Which of the following is a single-use plan?

Policies set expectations for many aspects of employee behavior.

Nakatomi Inc. wants to open a new automobile manufacturing unit in Kasnia. Kaoruko's team is assigned the task of planning the layout of the new factory in Kasnia. In this scenario, Kaoruko is dealing with the _____ plan.

Plans alone don't deliver results; implemented plans do.

Laura is the owner of a boutique. She comes up with a new plan to improve the sale and distribution of the merchandise of her boutique. Which functional plan did Laura employ in this scenario?

Strategic plans ideally set forth the goals and objectives needed to accomplish the organization's vision in terms of mission or purpose and what it hopes to be in the future.

Morrison Manufacturing (MM) creates a budget for projects or activities in each new budget period as if it were brand new. It does not renew any of the past funding. MM is using a(n) _____ budgeting approach.

____ goals set targets to create the knowledge and skills required for performance.

Which of the following is true about long-range and short-range plans?

_____ indicate how different operations within the organization will help advance the overall strategy.

Financial budgets:

_____occurs when an organization allows itself to be carried along by the flow of events.

_____ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Budgets are standing plans that are used over and over again.

A flexible budget allocates resources as if each budget were brand new.

____ plans typically look three or more years into the future.

Qualitative forecasting uses _____ to predict future events.

Great goals include a challenging stretch factor while still being realistic and possible to achieve.

If staff planners are used, people may often lack commitment to implement the plans no matter how good they are.

Which of the following is a standing plan?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 8: Planning Processes and Techniques

Which of the following is a single-use plan?

Policies set expectations for many aspects of employee behavior.

Nakatomi Inc. wants to open a new automobile manufacturing unit in Kasnia. Kaoruko's team is assigned the task of planning the layout of the new factory in Kasnia. In this scenario, Kaoruko is dealing with the _____ plan.

Plans alone don't deliver results; implemented plans do.

Laura is the owner of a boutique. She comes up with a new plan to improve the sale and distribution of the merchandise of her boutique. Which functional plan did Laura employ in this scenario?

Strategic plans ideally set forth the goals and objectives needed to accomplish the organization's vision in terms of mission or purpose and what it hopes to be in the future.

Morrison Manufacturing (MM) creates a budget for projects or activities in each new budget period as if it were brand new. It does not renew any of the past funding. MM is using a(n) _____ budgeting approach.

____ goals set targets to create the knowledge and skills required for performance.

Which of the following is true about long-range and short-range plans?

_____ indicate how different operations within the organization will help advance the overall strategy.

Financial budgets:

_____occurs when an organization allows itself to be carried along by the flow of events.

_____ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Budgets are standing plans that are used over and over again.

A flexible budget allocates resources as if each budget were brand new.

____ plans typically look three or more years into the future.

Qualitative forecasting uses _____ to predict future events.

Great goals include a challenging stretch factor while still being realistic and possible to achieve.

If staff planners are used, people may often lack commitment to implement the plans no matter how good they are.

Which of the following is a standing plan?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters