Question 1

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

Accepted Answer

A) True 
 B)False  True

Question 2

The dog,according to the BCG Matrix,is a poor performer.

Accepted Answer

A) True 
 B)False  True

Question 3

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Accepted Answer

A) True 
 B)False  True

Question 4

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as _____ goals.

Accepted Answer

The answer of Goals that define the outcomes that major...

Question 5

A desired future state that the individual or organization attempts to realize is a goal.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following strategies involves rewarding an employee's innovation?

Accepted Answer

A) Cost leadership 
B) Differentiation 
C) Focus 
D) Internal growth 
E) Liquidation 
A) Cost leadership 
B) Differentiation 
C) Focus 
D) Internal growth 
E) Liquidation

Question 7

_____ involves activities that managers undertake to try to prevent crises from occurring and to detect warning signs of potential crises.

Accepted Answer

The answer of _____ involves activities that managers undertake to...

Question 8

The planning process begins with which of these?

Accepted Answer

A) The development of operational goals 
B) The development of a mission statement 
C) Communication of goals to the rest of the organization 
D) A company-wide meeting 
E) Brainstorming 
A) The development of operational goals 
B) The development of a mission statement 
C) Communication of goals to the rest of the organization 
D) A company-wide meeting 
E) Brainstorming

Question 9

Where does the information about opportunities and threats comes from?

Accepted Answer

A) An analysis of the organization's internal environment 
B) A department by department study of the organization 
C) Scanning the external environments 
D) Employee grievances 
E) Financial ratios of the organization 
A) An analysis of the organization's internal environment 
B) A department by department study of the organization 
C) Scanning the external environments 
D) Employee grievances 
E) Financial ratios of the organization

Question 10

Which of the following is a commonly-cited limitation of planning?

Accepted Answer

A) Plans limit employee motivation and commitment. 
B) Plans make resource allocation more difficult. 
C) Plans make it more difficult to measure standards of performance. 
D) Plans boost intuition and creativity. 
E) Plans can create a false sense of security. 
A) Plans limit employee motivation and commitment. 
B) Plans make resource allocation more difficult. 
C) Plans make it more difficult to measure standards of performance. 
D) Plans boost intuition and creativity. 
E) Plans can create a false sense of security.

Question 11

Fred has been assigned to conduct a SWOT analysis for his organization,Acme,Inc.As part of this assignment,Fred will:

Accepted Answer

A) conduct an external wage survey. 
B) search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C) choose a grand strategy for his firm. 
D) do a cost/benefit analysis. 
E) develop a mission. 
A) conduct an external wage survey. 
B) search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C) choose a grand strategy for his firm. 
D) do a cost/benefit analysis. 
E) develop a mission.

Question 12

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Accepted Answer

A) True 
 B)False

Question 13

Prevention and preparation are the two stages of crisis management.

Accepted Answer

A) True 
 B)False

Question 14

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Accepted Answer

The answer of The use of managerial and organizational tools...

Question 15

Darren set goals for each of his employees.Each employee ended up with at least twenty-five goals.This process violates which of the following criteria for effective goals?

Accepted Answer

A) Specific and measurable 
B) Challenging but realistic 
C) Covers key result areas 
D) Defined time period 
E) Linked to rewards 
A) Specific and measurable 
B) Challenging but realistic 
C) Covers key result areas 
D) Defined time period 
E) Linked to rewards

Question 16

A(n)_____ is a blueprint for goal achievement and specifies the necessary resource allocations,schedules,tasks,and other actions.

Accepted Answer

The answer of A(n)_____ is a blueprint for goal achievement...

Question 17

Mingles,Inc.concentrates its efforts on its target market of 18 to 25 year olds.It is using a(n)_____ strategy.

Accepted Answer

A) focus 
B) differentiation 
C) cost leadership 
D) multidomestic 
E) universal 
A) focus 
B) differentiation 
C) cost leadership 
D) multidomestic 
E) universal

Question 18

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as a(n):

Accepted Answer

A) goal. 
B) objective. 
C) mission. 
D) vision. 
E) strategy. 
A) goal. 
B) objective. 
C) mission. 
D) vision. 
E) strategy.

Question 19

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a business plan.

Accepted Answer

A) True 
 B)False

Question 20

Plans that define company responses to specific situations,such as emergencies,setbacks,or unexpected conditions are called _____ plans.

Accepted Answer

The answer of Plans that define company responses to specific...

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

The dog,according to the BCG Matrix,is a poor performer.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as _____ goals.

A desired future state that the individual or organization attempts to realize is a goal.

Which of the following strategies involves rewarding an employee's innovation?

_____ involves activities that managers undertake to try to prevent crises from occurring and to detect warning signs of potential crises.

The planning process begins with which of these?

Where does the information about opportunities and threats comes from?

Which of the following is a commonly-cited limitation of planning?

Fred has been assigned to conduct a SWOT analysis for his organization,Acme,Inc.As part of this assignment,Fred will:

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Prevention and preparation are the two stages of crisis management.

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Darren set goals for each of his employees.Each employee ended up with at least twenty-five goals.This process violates which of the following criteria for effective goals?

A(n)_____ is a blueprint for goal achievement and specifies the necessary resource allocations,schedules,tasks,and other actions.

Mingles,Inc.concentrates its efforts on its target market of 18 to 25 year olds.It is using a(n)_____ strategy.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as a(n):

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a business plan.

Plans that define company responses to specific situations,such as emergencies,setbacks,or unexpected conditions are called _____ plans.

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 5: Planning and Goal Setting

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

The dog,according to the BCG Matrix,is a poor performer.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as _____ goals.

A desired future state that the individual or organization attempts to realize is a goal.

Which of the following strategies involves rewarding an employee's innovation?

_____ involves activities that managers undertake to try to prevent crises from occurring and to detect warning signs of potential crises.

The planning process begins with which of these?

Where does the information about opportunities and threats comes from?

Which of the following is a commonly-cited limitation of planning?

Fred has been assigned to conduct a SWOT analysis for his organization,Acme,Inc.As part of this assignment,Fred will:

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Prevention and preparation are the two stages of crisis management.

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Darren set goals for each of his employees.Each employee ended up with at least twenty-five goals.This process violates which of the following criteria for effective goals?

A(n)_____ is a blueprint for goal achievement and specifies the necessary resource allocations,schedules,tasks,and other actions.

Mingles,Inc.concentrates its efforts on its target market of 18 to 25 year olds.It is using a(n)_____ strategy.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as a(n):

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a business plan.

Plans that define company responses to specific situations,such as emergencies,setbacks,or unexpected conditions are called _____ plans.

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters