Question 1

The three levels of strategies are corporate,business,and ____________.

Accepted Answer

A) functional 
B) institutional 
C) situational 
D) operational 
A) functional 
B) institutional 
C) situational 
D) operational

Question 2

Rules,policies,procedures,programs,and budgets are all known as __________ plans.

Accepted Answer

A) strategic 
B) operational 
C) tactical 
D) single-use 
A) strategic 
B) operational 
C) tactical 
D) single-use

Question 3

If Taco Bell fast-food restaurants decided to start offering hamburgers on their menu,this decision would be considered a ____________.

Accepted Answer

A) reactor strategy 
B) corporate-level strategy 
C) functional-level strategy 
D) retrenchment strategy 
A) reactor strategy 
B) corporate-level strategy 
C) functional-level strategy 
D) retrenchment strategy

Question 4

Match the options below with the correct phrases:
-(BCG)Matrix dog

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

The mission statement should provide answers to why an organization exists.

Accepted Answer

A) True 
 B)False

Question 6

Gathering reviews of a new product before launching the product to the public would best represent a ______________.

Accepted Answer

A) standing plan 
B) management objective 
C) product introduction plan 
D) program 
A) standing plan 
B) management objective 
C) product introduction plan 
D) program

Question 7

When a mission is formalized in writing and communicated to all organizational members,it becomes the organization's mission statement.

Accepted Answer

A) True 
 B)False

Question 8

Once the managers of a large diversified organization decide on a portfolio strategy,they develop a grand strategy.

Accepted Answer

A) True 
 B)False

Question 9

Managers increase their chance of success in planning by beginning with:

Accepted Answer

A) strong assumptions about the trends 
B) a team leader who can manager his/her team 
C) quality information 
D) all of the above 
A) strong assumptions about the trends 
B) a team leader who can manager his/her team 
C) quality information 
D) all of the above

Question 10

Organizations use both internal and external sources for forecasting information.

Accepted Answer

A) True 
 B)False

Question 11

With a sharp strategic focus,a company can accomplish all of its goals.

Accepted Answer

A) True 
 B)False

Question 12

A _______ is a broad guide for organizational members to follow when dealing with important and recurring areas of decision making.

Accepted Answer

A) program 
B) budget 
C) standing plan 
D) policy 
A) program 
B) budget 
C) standing plan 
D) policy

Question 13

Match the options below with the correct phrases:
-portfolio 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 14

Match the options below with the correct phrases:
-budget

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 15

Match the options below with the correct phrases:
-mission statement

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 16

The step in the basic planning process would the statement "This organization will capture 5% more of the product market in the next 2 years" focus upon:

Accepted Answer

A) organization restructuring. 
B) setting objectives. 
C) production schedules. 
D) organization control. 
A) organization restructuring. 
B) setting objectives. 
C) production schedules. 
D) organization control.

Question 17

Policies,procedures,and rules are known as single-use plans.

Accepted Answer

A) True 
 B)False

Question 18

Analyzing the environment is the first step in the strategic planning process.

Accepted Answer

A) True 
 B)False

Question 19

Short-term goals set by middle managers that must be achieved in order to reach top management's goals are called:

Accepted Answer

A) strategic plan. 
B) operational goals. 
C) tactical plans. 
D) standing goals. 
A) strategic plan. 
B) operational goals. 
C) tactical plans. 
D) standing goals.

Question 20

According to the BCG Matrix,Budweiser/Anheiser-Busch Brewing Corporation is a(n)____________.

Accepted Answer

A) star 
B) cash cow 
C) question mark 
D) cow 
A) star 
B) cash cow 
C) question mark 
D) cow

The three levels of strategies are corporate,business,and ____________.

Rules,policies,procedures,programs,and budgets are all known as __________ plans.

If Taco Bell fast-food restaurants decided to start offering hamburgers on their menu,this decision would be considered a ____________.

Match the options below with the correct phrases: -(BCG)Matrix dog

The mission statement should provide answers to why an organization exists.

Gathering reviews of a new product before launching the product to the public would best represent a ______________.

When a mission is formalized in writing and communicated to all organizational members,it becomes the organization's mission statement.

Once the managers of a large diversified organization decide on a portfolio strategy,they develop a grand strategy.

Managers increase their chance of success in planning by beginning with:

Organizations use both internal and external sources for forecasting information.

With a sharp strategic focus,a company can accomplish all of its goals.

A _______ is a broad guide for organizational members to follow when dealing with important and recurring areas of decision making.

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

Match the options below with the correct phrases: -budget

Match the options below with the correct phrases: -mission statement

The step in the basic planning process would the statement "This organization will capture 5% more of the product market in the next 2 years" focus upon:

Policies,procedures,and rules are known as single-use plans.

Analyzing the environment is the first step in the strategic planning process.

Short-term goals set by middle managers that must be achieved in order to reach top management's goals are called:

According to the BCG Matrix,Budweiser/Anheiser-Busch Brewing Corporation is a(n)____________.

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

The three levels of strategies are corporate,business,and ____________.

Rules,policies,procedures,programs,and budgets are all known as __________ plans.

If Taco Bell fast-food restaurants decided to start offering hamburgers on their menu,this decision would be considered a ____________.

Match the options below with the correct phrases: -(BCG)Matrix dog

The mission statement should provide answers to why an organization exists.

Gathering reviews of a new product before launching the product to the public would best represent a ______________.

When a mission is formalized in writing and communicated to all organizational members,it becomes the organization's mission statement.

Once the managers of a large diversified organization decide on a portfolio strategy,they develop a grand strategy.

Managers increase their chance of success in planning by beginning with:

Organizations use both internal and external sources for forecasting information.

With a sharp strategic focus,a company can accomplish all of its goals.

A _______ is a broad guide for organizational members to follow when dealing with important and recurring areas of decision making.

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

Match the options below with the correct phrases: -budget

Match the options below with the correct phrases: -mission statement

The step in the basic planning process would the statement "This organization will capture 5% more of the product market in the next 2 years" focus upon:

Policies,procedures,and rules are known as single-use plans.

Analyzing the environment is the first step in the strategic planning process.

Short-term goals set by middle managers that must be achieved in order to reach top management's goals are called:

According to the BCG Matrix,Budweiser/Anheiser-Busch Brewing Corporation is a(n)____________.

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