Question 1

A portfolio strategy is a proper mixture of ____________.

Accepted Answer

A) business units and product lines 
B) goals and objectives 
C) business products and services 
D) corporate and functional operations 
A) business units and product lines 
B) goals and objectives 
C) business products and services 
D) corporate and functional operations

Question 2

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

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 3

Tactical plans are narrower in scope than strategic plans,but broader in scope than operational plans.

Accepted Answer

A) True 
 B)False

Question 4

When implementing strategy,the leadership challenge involves the ability to:

Accepted Answer

A) influence subordinates to embrace the new strategy 
B) coordinate information gathering sessions with employees 
C) influence departments to design functional-level corporate strategies 
D) coordinate a bottom-up focus on core competencies 
A) influence subordinates to embrace the new strategy 
B) coordinate information gathering sessions with employees 
C) influence departments to design functional-level corporate strategies 
D) coordinate a bottom-up focus on core competencies

Question 5

Match the options below with the correct phrases:
-strategic 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 6

The Boston Consulting Group (BCG)would label an investment in a new typewriter manufacturing company as a dog.

Accepted Answer

A) True 
 B)False

Question 7

Rules designate "how" to accomplish or carry out work assignments.

Accepted Answer

A) True 
 B)False

Question 8

Match the options below with the correct phrase:
-business-level 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 9

Which of the following questions applies directly to the function of planning?

Accepted Answer

A) Are we doing what we intended to do? 
B) Is the production process effective? 
C) What do we want to accomplish? 
D) Why were the employees paid late? 
A) Are we doing what we intended to do? 
B) Is the production process effective? 
C) What do we want to accomplish? 
D) Why were the employees paid late?

Question 10

Managing a portfolio of business units is like managing a portfolio of unrelated investments,such as stocks,bonds,and real estate.

Accepted Answer

A) True 
 B)False

Question 11

Match the options below with the correct phrases:
-procedure

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 12

Competing within the external environment does not impact organizational strategic planning.

Accepted Answer

A) True 
 B)False

Question 13

Stretch goals are also called BHAGS.

Accepted Answer

A) True 
 B)False

Question 14

Match the options below with the correct phrase:
-strategic business unit (SBU)

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 15

A management function-level strategy for production involves marketing goods and providing services.

Accepted Answer

A) True 
 B)False

Question 16

Match the options below with the correct phrase:
-diversification 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 17

Long-term goals can be reached within one year.

Accepted Answer

A) True 
 B)False

Question 18

When developing alternatives,managers should:

Accepted Answer

A) chose the ones that are most cost effective 
B) create as many as possible to reach desired objectives 
C) always include subordinates in the decision 
D) stick with the one that makes most sense to the manager 
A) chose the ones that are most cost effective 
B) create as many as possible to reach desired objectives 
C) always include subordinates in the decision 
D) stick with the one that makes most sense to the manager

Question 19

While ____________ are broad,general guidelines;____________ are much more specific and control the do's and don'ts of employees.

Accepted Answer

A) policies;programs 
B) rules;plans 
C) policies;plans 
D) policies;rules 
A) policies;programs 
B) rules;plans 
C) policies;plans 
D) policies;rules

Question 20

Resource deployment defines how the company intends to allocate its resources to achieve its strategic goals include the following except:

Accepted Answer

A) material. 
B) human. 
C) financial. 
D) cognitive. 
A) material. 
B) human. 
C) financial. 
D) cognitive.

A portfolio strategy is a proper mixture of ____________.

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

Tactical plans are narrower in scope than strategic plans,but broader in scope than operational plans.

When implementing strategy,the leadership challenge involves the ability to:

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

The Boston Consulting Group (BCG)would label an investment in a new typewriter manufacturing company as a dog.

Rules designate "how" to accomplish or carry out work assignments.

Match the options below with the correct phrase: -business-level strategy

Which of the following questions applies directly to the function of planning?

Managing a portfolio of business units is like managing a portfolio of unrelated investments,such as stocks,bonds,and real estate.

Match the options below with the correct phrases: -procedure

Competing within the external environment does not impact organizational strategic planning.

Stretch goals are also called BHAGS.

Match the options below with the correct phrase: -strategic business unit (SBU)

A management function-level strategy for production involves marketing goods and providing services.

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

Long-term goals can be reached within one year.

When developing alternatives,managers should:

While are broad,general guidelines; are much more specific and control the do's and don'ts of employees.

Resource deployment defines how the company intends to allocate its resources to achieve its strategic goals include the following except:

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

A portfolio strategy is a proper mixture of ____________.

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

Tactical plans are narrower in scope than strategic plans,but broader in scope than operational plans.

When implementing strategy,the leadership challenge involves the ability to:

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

The Boston Consulting Group (BCG)would label an investment in a new typewriter manufacturing company as a dog.

Rules designate "how" to accomplish or carry out work assignments.

Match the options below with the correct phrase: -business-level strategy

Which of the following questions applies directly to the function of planning?

Managing a portfolio of business units is like managing a portfolio of unrelated investments,such as stocks,bonds,and real estate.

Match the options below with the correct phrases: -procedure

Competing within the external environment does not impact organizational strategic planning.

Stretch goals are also called BHAGS.

Match the options below with the correct phrase: -strategic business unit (SBU)

A management function-level strategy for production involves marketing goods and providing services.

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

Long-term goals can be reached within one year.

When developing alternatives,managers should:

While ____________ are broad,general guidelines;____________ are much more specific and control the do's and don'ts of employees.

Resource deployment defines how the company intends to allocate its resources to achieve its strategic goals include the following except:

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

While are broad,general guidelines; are much more specific and control the do's and don'ts of employees.