Question 1

Informal plans are not recognized as true organizational plans and are rarely carried out by managers.

Accepted Answer

A) True 
 B)False

Question 2

Research indicates that organizations that don't use formal planning always outperform organizations that do use formal planning.

Accepted Answer

A) True 
 B)False

Question 3

In a means-ends chain, a goal at a lower level ________.

Accepted Answer

A) is the bridge to a goal at the next higher level 
B) is attained only after higher level goals are fulfilled 
C) is separate from the goal at the next higher level 
D) is ignored if goals at higher levels are attained 
A) is the bridge to a goal at the next higher level 
B) is attained only after higher level goals are fulfilled 
C) is separate from the goal at the next higher level 
D) is ignored if goals at higher levels are attained

Question 4

Goals are documents that outline how plans are to be carried out.

Accepted Answer

A) True 
 B)False

Question 5

Which term refers to an organization's capital, workers, and patents?

Accepted Answer

A) resources 
B) capabilities 
C) abilities 
D) core competencies 
A) resources 
B) capabilities 
C) abilities 
D) core competencies

Question 6

A key function of planning is to create goals.

Accepted Answer

A) True 
 B)False

Question 7

A mission statement for a kayak manufacturer might be as follows: To make the highest-quality kayaks and sell them at a competitive price.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following best defines plans?

Accepted Answer

A) documents that identify company problems 
B) documents that define goals 
C) documents that describe how goals will be met 
D) documents that identify how goals from the past were met 
A) documents that identify company problems 
B) documents that define goals 
C) documents that describe how goals will be met 
D) documents that identify how goals from the past were met

Question 9

Which of the following is an example of a strategic goal for a professional baseball team?

Accepted Answer

A) to increase attendance by 5 percent over the next three years 
B) to increase television revenues over the next 5 years 
C) to decrease payroll by 20 million over the next 2 years 
D) to average over 90 wins a year for the next 5 years 
A) to increase attendance by 5 percent over the next three years 
B) to increase television revenues over the next 5 years 
C) to decrease payroll by 20 million over the next 2 years 
D) to average over 90 wins a year for the next 5 years

Question 10

The breadth of a plan refers to ________ concerns.

Accepted Answer

A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing 
A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing

Question 11

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Accepted Answer

A) True 
 B)False

Question 12

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

Accepted Answer

A) True 
 B)False

Question 13

The first step in the six-step strategic management process is to ________.

Accepted Answer

A) analyze the organization's strengths and weaknesses 
B) identify the organization's mission 
C) identify feasible strategies 
D) analyze the opportunities the organization has 
A) analyze the organization's strengths and weaknesses 
B) identify the organization's mission 
C) identify feasible strategies 
D) analyze the opportunities the organization has

Question 14

A company with a differentiation strategy focuses on making its products or services ________.

Accepted Answer

A) unique and special 
B) similar to its competitors 
C) familiar 
D) affordable 
A) unique and special 
B) similar to its competitors 
C) familiar 
D) affordable

Question 15

Studies of planning show that the key to successful planning is to make sure that the plans ________.

Accepted Answer

A) cover every possible detail 
B) are high in quality and insight 
C) are exceedingly simple to follow 
D) are not shared with employees 
A) cover every possible detail 
B) are high in quality and insight 
C) are exceedingly simple to follow 
D) are not shared with employees

Question 16

Planning is concerned with ________.

Accepted Answer

A) both ends and means 
B) ends only 
C) means only 
D) neither ends nor means 
A) both ends and means 
B) ends only 
C) means only 
D) neither ends nor means

Question 17

In a short essay, compare strategic plans and tactical plans.

Accepted Answer

Strategic plans are plans that apply to

Question 18

The first step in the strategic management process is analyzing the external environment.

Accepted Answer

A) True 
 B)False

Question 19

A mission statement includes identification of an organization's ________.

Accepted Answer

A) strengths and weaknesses 
B) purpose and basic philosophy 
C) assets and resources 
D) resources and strengths 
A) strengths and weaknesses 
B) purpose and basic philosophy 
C) assets and resources 
D) resources and strengths

Question 20

Formal planning typically leads to which of the following?

Accepted Answer

A) higher profits 
B) lower productivity 
C) higher sales, but lower profits 
D) tension between different management levels 
A) higher profits 
B) lower productivity 
C) higher sales, but lower profits 
D) tension between different management levels

Informal plans are not recognized as true organizational plans and are rarely carried out by managers.

Research indicates that organizations that don't use formal planning always outperform organizations that do use formal planning.

In a means-ends chain, a goal at a lower level ________.

Goals are documents that outline how plans are to be carried out.

Which term refers to an organization's capital, workers, and patents?

A key function of planning is to create goals.

A mission statement for a kayak manufacturer might be as follows: To make the highest-quality kayaks and sell them at a competitive price.

Which of the following best defines plans?

Which of the following is an example of a strategic goal for a professional baseball team?

The breadth of a plan refers to ________ concerns.

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

The first step in the six-step strategic management process is to ________.

A company with a differentiation strategy focuses on making its products or services ________.

Studies of planning show that the key to successful planning is to make sure that the plans ________.

Planning is concerned with ________.

In a short essay, compare strategic plans and tactical plans.

The first step in the strategic management process is analyzing the external environment.

A mission statement includes identification of an organization's ________.

Formal planning typically leads to which of the following?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

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Exam 5: Foundations of Planning

Informal plans are not recognized as true organizational plans and are rarely carried out by managers.

Research indicates that organizations that don't use formal planning always outperform organizations that do use formal planning.

In a means-ends chain, a goal at a lower level ________.

Goals are documents that outline how plans are to be carried out.

Which term refers to an organization's capital, workers, and patents?

A key function of planning is to create goals.

A mission statement for a kayak manufacturer might be as follows: To make the highest-quality kayaks and sell them at a competitive price.

Which of the following best defines plans?

Which of the following is an example of a strategic goal for a professional baseball team?

The breadth of a plan refers to ________ concerns.

Xerox Corporation's study of Japanese competitors was the first effort by an American company at benchmarking.

Long-term plans used to refer to plans that covered a period of over three years, but now it refers to any time period over one year.

The first step in the six-step strategic management process is to ________.

A company with a differentiation strategy focuses on making its products or services ________.

Studies of planning show that the key to successful planning is to make sure that the plans ________.

Planning is concerned with ________.

In a short essay, compare strategic plans and tactical plans.

The first step in the strategic management process is analyzing the external environment.

A mission statement includes identification of an organization's ________.

Formal planning typically leads to which of the following?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Decision Making

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters