Question 1

Match the options below with the correct phrase:
-scope

Accepted Answer

A) a type of business with large market share in a rapidly growing industry 
B) a type of business with a large market share in a stable, slow-growth industry 
C) managers use this strategy to stabilize supply lines, reduce costs, or consolidate competition 
D) responding to environmental threats in a somewhat haphazard way 
E) a strategy for holding your own ground in the market
F)an autonomous business division within a corporation that has its own product, market, and competitors
G)a corporate-level strategy for moving into new products or markets
H)the size or position of the business in the environment
I)the overall or total plan of action
J)a plan that focuses on how each product line or business unit competes within an organization 
A) a type of business with large market share in a rapidly growing industry 
B) a type of business with a large market share in a stable, slow-growth industry 
C) managers use this strategy to stabilize supply lines, reduce costs, or consolidate competition 
D) responding to environmental threats in a somewhat haphazard way 
E) a strategy for holding your own ground in the market
F)an autonomous business division within a corporation that has its own product, market, and competitors
G)a corporate-level strategy for moving into new products or markets
H)the size or position of the business in the environment
I)the overall or total plan of action
J)a plan that focuses on how each product line or business unit competes within an organization

Question 2

Match the options below with the correct phrase:
-grand strategy

Accepted Answer

A) a type of business with large market share in a rapidly growing industry 
B) a type of business with a large market share in a stable, slow-growth industry 
C) managers use this strategy to stabilize supply lines, reduce costs, or consolidate competition 
D) responding to environmental threats in a somewhat haphazard way 
E) a strategy for holding your own ground in the market
F)an autonomous business division within a corporation that has its own product, market, and competitors
G)a corporate-level strategy for moving into new products or markets
H)the size or position of the business in the environment
I)the overall or total plan of action
J)a plan that focuses on how each product line or business unit competes within an organization 
A) a type of business with large market share in a rapidly growing industry 
B) a type of business with a large market share in a stable, slow-growth industry 
C) managers use this strategy to stabilize supply lines, reduce costs, or consolidate competition 
D) responding to environmental threats in a somewhat haphazard way 
E) a strategy for holding your own ground in the market
F)an autonomous business division within a corporation that has its own product, market, and competitors
G)a corporate-level strategy for moving into new products or markets
H)the size or position of the business in the environment
I)the overall or total plan of action
J)a plan that focuses on how each product line or business unit competes within an organization

Question 3

A diversification strategy is adopted if the company want to stay with the same or existing products in the same markets.

Accepted Answer

A) True 
 B)False

Question 4

Match the options below with the correct phrases:
-prospector strategy

Accepted Answer

A) a business-level strategy to keep tight controls over expenses 
B) a strategy to acquire similar products or services 
C) a strategy to accept the status quo 
D) a business unit with low market share and low market growth rate 
E) the processes associated with putting the strategic plan into motion
F)a strategy element that identifies the current position and its relationship to competitors
G)a strategy to explore "uncharted waters"
H)a planning tool grouping businesses based on market growth rate and market share
I)a strategy to reduce the size or scope of activities
J)major organizational departments such as marketing and human resources are critical to this strategy 
A) a business-level strategy to keep tight controls over expenses 
B) a strategy to acquire similar products or services 
C) a strategy to accept the status quo 
D) a business unit with low market share and low market growth rate 
E) the processes associated with putting the strategic plan into motion
F)a strategy element that identifies the current position and its relationship to competitors
G)a strategy to explore "uncharted waters"
H)a planning tool grouping businesses based on market growth rate and market share
I)a strategy to reduce the size or scope of activities
J)major organizational departments such as marketing and human resources are critical to this strategy

Question 5

A formalized,written set of organizational ideas result in the corporate ____________.

Accepted Answer

A) philosophy 
B) motto 
C) mission statement 
D) rules manual 
A) philosophy 
B) motto 
C) mission statement 
D) rules manual

Question 6

A plan to determine how many employees will work next weekend would be which of the following objectives?

Accepted Answer

A) occupational 
B) tactical 
C) institutional 
D) operational 
A) occupational 
B) tactical 
C) institutional 
D) operational

Question 7

Match the options below with the correct phrases:
-tactical plan

Accepted Answer

A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers 
A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers

Question 8

Match the options below with the correct phrases:
-strategic planning

Accepted Answer

A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry 
A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry

Question 9

Match the options below with the correct phrases:
-strategy formulation

Accepted Answer

A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry 
A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry

Question 10

Specifically,rules,policies,and procedures are known as ____________ plans.

Accepted Answer

A) single-use 
B) temporary 
C) tactical 
D) standing 
A) single-use 
B) temporary 
C) tactical 
D) standing

Question 11

The "push and pull" or opposing nature between U.S.presidents and Congress in recent decades specifically identifies with which element of organizational culture?

Accepted Answer

A) human 
B) information systems 
C) structure 
D) leadership 
A) human 
B) information systems 
C) structure 
D) leadership

Question 12

"No food or drink in the auditorium" is an example of which of the following?

Accepted Answer

A) plan 
B) rule 
C) policy 
D) strategic goal 
A) plan 
B) rule 
C) policy 
D) strategic goal

Question 13

Match the options below with the correct phrases:
-policy

Accepted Answer

A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers 
A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers

Question 14

Communication,incentives,structural changes,and new technology are the means for ____________ the strategic plan.

Accepted Answer

A) growing 
B) positioning 
C) reacting 
D) implementing 
A) growing 
B) positioning 
C) reacting 
D) implementing

Question 15

Match the options below with the correct phrases:
-corporate-level strategy

Accepted Answer

A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry 
A) a business-level strategy pinpointing a specific market 
B) a plan to maximize competitive advantage by using the proper mix of units and products 
C) includes assessing the environment, analyzing core competencies, and creating goals and plans 
D) a strategy as to how managers will allocate resources 
E) a corporate-level plan to expand and increase to higher levels
F)a search for pros and cons, opportunities, and threats as well as positives and negatives of an organization
G)a plan that maps out the destiny for the entire organization
H)a long-term course of action using planning and decision-making processes
I)a business-level strategy that attempts to set products or services apart from those of other companies
J)a business unit with small market shares in an expanding industry

Question 16

Planning and decision making are the heart of strategy formulation.

Accepted Answer

A) True 
 B)False

Question 17

Match the options below with the correct phrases:
-forecasting

Accepted Answer

A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers 
A) written instructions to carry out the sequential steps to accomplish a task 
B) the steps by which an organization will achieve its strategic goals 
C) a planning technique for managers and subordinates to collaborate goal setting 
D) predicts income and expenses 
E) requires great leaps forward on such measures as product development, time, return on investment, and sales growth
F)goals for middle managers
G)a broad, written guideline
H)the formal written organizational purpose
I)plan which adapts to changes that affect or impact the original plan
J)the mental activity of determining what you want to do
K)end result of the planning effort
L)no smoking
M)a planning technique of predicting or attempting to foresee future issues and events
N)a single-use plan for accomplishing a group of related activities
O)a plan focusing on first-line managers

Question 18

According to the BCG Matrix,a type of business referred to as a question mark would have a ____________.

Accepted Answer

A) low market share and low market growth rate 
B) low market growth rate and high market share 
C) low market share and a high market growth rate 
D) high market share and a high market growth rate 
A) low market share and low market growth rate 
B) low market growth rate and high market share 
C) low market share and a high market growth rate 
D) high market share and a high market growth rate

Question 19

A series of administrative activities to process employee time cards is a ____________.

Accepted Answer

A) rule 
B) policy 
C) program 
D) procedure 
A) rule 
B) policy 
C) program 
D) procedure

Question 20

The first step in the strategic planning process is to ____________.

Accepted Answer

A) analyze the environment 
B) take a close look at the mission 
C) define the mission 
D) formulate the strategy 
A) analyze the environment 
B) take a close look at the mission 
C) define the mission 
D) formulate the strategy

Match the options below with the correct phrase: -scope

Match the options below with the correct phrase: -grand strategy

A diversification strategy is adopted if the company want to stay with the same or existing products in the same markets.

Match the options below with the correct phrases: -prospector strategy

A formalized,written set of organizational ideas result in the corporate ____________.

A plan to determine how many employees will work next weekend would be which of the following objectives?

Match the options below with the correct phrases: -tactical plan

Match the options below with the correct phrases: -strategic planning

Match the options below with the correct phrases: -strategy formulation

Specifically,rules,policies,and procedures are known as ____________ plans.

The "push and pull" or opposing nature between U.S.presidents and Congress in recent decades specifically identifies with which element of organizational culture?

"No food or drink in the auditorium" is an example of which of the following?

Match the options below with the correct phrases: -policy

Communication,incentives,structural changes,and new technology are the means for ____________ the strategic plan.

Match the options below with the correct phrases: -corporate-level strategy

Planning and decision making are the heart of strategy formulation.

Match the options below with the correct phrases: -forecasting

According to the BCG Matrix,a type of business referred to as a question mark would have a ____________.

A series of administrative activities to process employee time cards is a ____________.

The first step in the strategic planning process is to ____________.

Management: An Overview

Management Thought: Past and Present

The Managers Environment

Managements Commitments to Quality and Productivity

Making Decisions

Organizing Principles

Organizational Design, Culture, and Change

Management Ethics and Social Responsibility

Staffing the Workforce

Communication: Interpersonal and Organizational

Human Motivation

Leadership

Team Management and Conflict

Information Management Systems

Control: Purpose, Process, and Techniques

Filters

Exam 4: Planning and Strategy

Match the options below with the correct phrase: -scope

Match the options below with the correct phrase: -grand strategy

A diversification strategy is adopted if the company want to stay with the same or existing products in the same markets.

Match the options below with the correct phrases: -prospector strategy

A formalized,written set of organizational ideas result in the corporate ____________.

A plan to determine how many employees will work next weekend would be which of the following objectives?

Match the options below with the correct phrases: -tactical plan

Match the options below with the correct phrases: -strategic planning

Match the options below with the correct phrases: -strategy formulation

Specifically,rules,policies,and procedures are known as ____________ plans.

The "push and pull" or opposing nature between U.S.presidents and Congress in recent decades specifically identifies with which element of organizational culture?

"No food or drink in the auditorium" is an example of which of the following?

Match the options below with the correct phrases: -policy

Communication,incentives,structural changes,and new technology are the means for ____________ the strategic plan.

Match the options below with the correct phrases: -corporate-level strategy

Planning and decision making are the heart of strategy formulation.

Match the options below with the correct phrases: -forecasting

According to the BCG Matrix,a type of business referred to as a question mark would have a ____________.

A series of administrative activities to process employee time cards is a ____________.

The first step in the strategic planning process is to ____________.

Management: An Overview

Management Thought: Past and Present

The Managers Environment

Managements Commitments to Quality and Productivity

Making Decisions

Organizing Principles

Organizational Design, Culture, and Change

Management Ethics and Social Responsibility

Staffing the Workforce

Communication: Interpersonal and Organizational

Human Motivation

Leadership

Team Management and Conflict

Information Management Systems

Control: Purpose, Process, and Techniques

Filters