Question 1

Which of the following is not a goal of Johnson & Johnson discussed in the text?

Accepted Answer

A)  achieve double-digit revenue growth per year 
B)  reduce carbon dioxide emissions 
C)  create injury-free workplaces 
D)  improve quality of life for customers 
A)  achieve double-digit revenue growth per year 
B)  reduce carbon dioxide emissions 
C)  create injury-free workplaces 
D)  improve quality of life for customers A

Question 2

Warren Buffett's strategy with Berkshire Hathaway can be characterized as __________.

Accepted Answer

A)  concentric 
B)  conglomerate 
C)  backward 
D)  forward 
A)  concentric 
B)  conglomerate 
C)  backward 
D)  forward B

Question 3

Planning should improve the odds of achieving an organization's goals by _________.

Accepted Answer

A)  creating desirable change 
B)  improving productivity 
C)  maintaining organizational stability 
D)  all of the above 
A)  creating desirable change 
B)  improving productivity 
C)  maintaining organizational stability 
D)  all of the above D

Question 4

William Weldon, CEO of Johnson & Johnson says, "Our decentralized management system gives us a __________."

Accepted Answer

A)  method to accurately appraise profitability for each business unit 
B)  greater opportunity to recognize local talent 
C)  sense of ownership in local markets 
D)  completely different approach for each market 
A)  method to accurately appraise profitability for each business unit 
B)  greater opportunity to recognize local talent 
C)  sense of ownership in local markets 
D)  completely different approach for each market

Question 5

Warren Buffett's unique success with Berkshire Hathaway is characterized by all of the following comments on the way he manages his operations except:

Accepted Answer

A)  "To be a winner, work with a winner." 
B)  "Our actions are based on long-term interests rather than short-term, expedient solutions." 
C)  "My job is to stay out of their way and allocate whatever excess capital their businesses generate." 
D)  "I regularly hand bats to many of the heaviest hitters in American business." 
A)  "To be a winner, work with a winner." 
B)  "Our actions are based on long-term interests rather than short-term, expedient solutions." 
C)  "My job is to stay out of their way and allocate whatever excess capital their businesses generate." 
D)  "I regularly hand bats to many of the heaviest hitters in American business."

Question 6

The strategies of an organization are what it is committed to achieving.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not something that successful planning should assist the organization to accomplish?

Accepted Answer

A)  discovering future opportunities 
B)  anticipating and avoiding future problems 
C)  developing courses of action 
D)  Successful planning should assist the organization in accomplishing all of the above. 
A)  discovering future opportunities 
B)  anticipating and avoiding future problems 
C)  developing courses of action 
D)  Successful planning should assist the organization in accomplishing all of the above.

Question 8

The strategic business model of Johnson & Johnson is broadly based in __________.

Accepted Answer

A)  household products 
B)  human health care 
C)  boat engines and equipment 
D)  consumer needs 
A)  household products 
B)  human health care 
C)  boat engines and equipment 
D)  consumer needs

Question 9

GE needs board of directors members to do all of the following except __________.

Accepted Answer

A)  represent diverse industries 
B)  be critical of the company 
C)  have greater involvement in the company 
D)  approve financial strategies 
A)  represent diverse industries 
B)  be critical of the company 
C)  have greater involvement in the company 
D)  approve financial strategies

Question 10

__________ had a contingency communication plan that worked well after the September 11 attacks, but they have now additionally routed their telecommunications channels through multiple access points.

Accepted Answer

A)  Verizon 
B)  The New York Stock Exchange 
C)  The Bank of New York 
D)  American Airlines 
A)  Verizon 
B)  The New York Stock Exchange 
C)  The Bank of New York 
D)  American Airlines

Question 11

Dell Computer's mission statement includes: "To add value to our communities through diversity, environmental, and citizenship initiatives."

Accepted Answer

A) True 
 B)False

Question 12

The ability to plan by an individual, team, or organization is embedded in four of the six managerial competencies.

Accepted Answer

A) True 
 B)False

Question 13

The most basic managerial function is __________.

Accepted Answer

A)  organizing 
B)  planning 
C)  directing 
D)  leading 
A)  organizing 
B)  planning 
C)  directing 
D)  leading

Question 14

Describe the relationship of strategy to tactics, and the ways in which First American Corporation (FAC) implemented tactical plans related to their new "customer intimate" strategy.

Accepted Answer

Tactical plans are intended to help impl

Question 15

Goals must be expressed quantitatively, not qualitatively.

Accepted Answer

A) True 
 B)False

Question 16

Planning is defined as identifying organizational controls and developing ways to implement them.

Accepted Answer

A) True 
 B)False

Question 17

Johnson & Johnson's organizationwide planning involves the principle of decentralized management.

Accepted Answer

A) True 
 B)False

Question 18

GE implemented functional documents to fully comply with Sarbanes-Oxley legislation, as well as their own vision of __________.

Accepted Answer

A)  environmental protection 
B)  corporate governance 
C)  diversity in the workforce 
D)  homeland security 
A)  environmental protection 
B)  corporate governance 
C)  diversity in the workforce 
D)  homeland security

Question 19

Which of the following is not one of the four interrelated competitive strategies developed by Dell Computer?

Accepted Answer

A)  speed to market 
B)  superior customer service 
C)  early exploitation of the Internet 
D)  All of the above are among the four interrelated competitive strategies. 
A)  speed to market 
B)  superior customer service 
C)  early exploitation of the Internet 
D)  All of the above are among the four interrelated competitive strategies.

Question 20

Describe three of the five common corporate-level growth strategies.

Accepted Answer

a. Forward integration occurs when a com

Which of the following is not a goal of Johnson & Johnson discussed in the text?

Warren Buffett's strategy with Berkshire Hathaway can be characterized as __________.

Planning should improve the odds of achieving an organization's goals by _________.

William Weldon, CEO of Johnson & Johnson says, "Our decentralized management system gives us a __________."

Warren Buffett's unique success with Berkshire Hathaway is characterized by all of the following comments on the way he manages his operations except:

The strategies of an organization are what it is committed to achieving.

Which of the following is not something that successful planning should assist the organization to accomplish?

The strategic business model of Johnson & Johnson is broadly based in __________.

GE needs board of directors members to do all of the following except __________.

__________ had a contingency communication plan that worked well after the September 11 attacks, but they have now additionally routed their telecommunications channels through multiple access points.

Dell Computer's mission statement includes: "To add value to our communities through diversity, environmental, and citizenship initiatives."

The ability to plan by an individual, team, or organization is embedded in four of the six managerial competencies.

The most basic managerial function is __________.

Describe the relationship of strategy to tactics, and the ways in which First American Corporation (FAC) implemented tactical plans related to their new "customer intimate" strategy.

Goals must be expressed quantitatively, not qualitatively.

Planning is defined as identifying organizational controls and developing ways to implement them.

Johnson & Johnson's organizationwide planning involves the principle of decentralized management.

GE implemented functional documents to fully comply with Sarbanes-Oxley legislation, as well as their own vision of __________.

Which of the following is not one of the four interrelated competitive strategies developed by Dell Computer?

Describe three of the five common corporate-level growth strategies.

Managing in a Dynamic Environment

The Evolution of Management

Environmental Forces

Managing Globally

Entrepreneurship

Ethics and Stakeholder Social Responsibility

Fundamentals of Decision Making

Planning and Decision Aids

Controlling in Organizations

Organizational Design

Organizational Change and Learning

Managing Human Resources

Work Motivation

Dynamics of Leadership

Organizational Communication

Managing Work Teams

Organizational Culture and Cultural Diversity

Filters

Exam 7: Planning and Strategy

Which of the following is not a goal of Johnson & Johnson discussed in the text?

Warren Buffett's strategy with Berkshire Hathaway can be characterized as __________.

Planning should improve the odds of achieving an organization's goals by _________.

William Weldon, CEO of Johnson & Johnson says, "Our decentralized management system gives us a __________."

Warren Buffett's unique success with Berkshire Hathaway is characterized by all of the following comments on the way he manages his operations except:

The strategies of an organization are what it is committed to achieving.

Which of the following is not something that successful planning should assist the organization to accomplish?

The strategic business model of Johnson & Johnson is broadly based in __________.

GE needs board of directors members to do all of the following except __________.

__________ had a contingency communication plan that worked well after the September 11 attacks, but they have now additionally routed their telecommunications channels through multiple access points.

Dell Computer's mission statement includes: "To add value to our communities through diversity, environmental, and citizenship initiatives."

The ability to plan by an individual, team, or organization is embedded in four of the six managerial competencies.

The most basic managerial function is __________.

Describe the relationship of strategy to tactics, and the ways in which First American Corporation (FAC) implemented tactical plans related to their new "customer intimate" strategy.

Goals must be expressed quantitatively, not qualitatively.

Planning is defined as identifying organizational controls and developing ways to implement them.

Johnson & Johnson's organizationwide planning involves the principle of decentralized management.

GE implemented functional documents to fully comply with Sarbanes-Oxley legislation, as well as their own vision of __________.

Which of the following is not one of the four interrelated competitive strategies developed by Dell Computer?

Describe three of the five common corporate-level growth strategies.

Managing in a Dynamic Environment

The Evolution of Management

Environmental Forces

Managing Globally

Entrepreneurship

Ethics and Stakeholder Social Responsibility

Fundamentals of Decision Making

Planning and Decision Aids

Controlling in Organizations

Organizational Design

Organizational Change and Learning

Managing Human Resources

Work Motivation

Dynamics of Leadership

Organizational Communication

Managing Work Teams

Organizational Culture and Cultural Diversity

Filters