Question 1

Which type of planning question addresses the methods or activities to reach the goals?

Accepted Answer

A) what 
B) when 
C) how 
D) how much 
A) what 
B) when 
C) how 
D) how much

Question 2

Operational plans fall into two major categories: single-use and standing plans.

Accepted Answer

A) True 
 B)False

Question 3

The synergy of a marketing strategy specifies the position or size the firm wants to de-emphasize,given its environment.

Accepted Answer

A) True 
 B)False

Question 4

Which level of management is "assigned" or associated initially with strategic planning?

Accepted Answer

A) first-line 
B) regional 
C) intermediate 
D) top 
A) first-line 
B) regional 
C) intermediate 
D) top

Question 5

Match the options below with the correct phrase:
-reactor 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 6

Match the options below with the correct phrases:
-situation analysis

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 7

Planning is critical to the success of few organizations.

Accepted Answer

A) True 
 B)False

Question 8

The type of work activity that draws heavily on the leadership abilities of top managers is the implementation of:

Accepted Answer

A) operating plans. 
B) production schedules. 
C) strategic planning. 
D) PERT diagrams. 
A) operating plans. 
B) production schedules. 
C) strategic planning. 
D) PERT diagrams.

Question 9

Match the options below with the correct phrase:
-integration 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 10

Match the options below with the correct phrases:
-stability 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 11

Match the options below with the correct phrases:
-resource deployment

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 12

A strategy is a single-use plan for an operation from its beginning to its end.

Accepted Answer

A) True 
 B)False

Question 13

A single-use plan for an operation from its beginning to its end is called a(n):

Accepted Answer

A) policy. 
B) process. 
C) program. 
D) project. 
A) policy. 
B) process. 
C) program. 
D) project.

Question 14

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

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 15

Focus strategy is one type of competitive strategy.

Accepted Answer

A) True 
 B)False

Question 16

If an organization is focused on holding current market share,the kind of strategy that is being performed may be considered:

Accepted Answer

A) prospector strategy 
B) defender strategy 
C) analyzer strategy 
D) market share strategy 
A) prospector strategy 
B) defender strategy 
C) analyzer strategy 
D) market share strategy

Question 17

Which two "market" axes form the dimensions of the BCG Matrix?

Accepted Answer

A) stars and dogs 
B) increases and decreases 
C) cash cows and question marks 
D) growth rates and shares 
A) stars and dogs 
B) increases and decreases 
C) cash cows and question marks 
D) growth rates and shares

Question 18

Match the options below with the correct phrase:
-defender 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 19

Match the options below with the correct phrase:
-(BCG)Matrix cash cow

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

Which type of planning question addresses the methods or activities to reach the goals?

Operational plans fall into two major categories: single-use and standing plans.

The synergy of a marketing strategy specifies the position or size the firm wants to de-emphasize,given its environment.

Which level of management is "assigned" or associated initially with strategic planning?

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

Match the options below with the correct phrases: -situation analysis

Planning is critical to the success of few organizations.

The type of work activity that draws heavily on the leadership abilities of top managers is the implementation of:

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

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

Match the options below with the correct phrases: -resource deployment

A strategy is a single-use plan for an operation from its beginning to its end.

A single-use plan for an operation from its beginning to its end is called a(n):

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

Focus strategy is one type of competitive strategy.

If an organization is focused on holding current market share,the kind of strategy that is being performed may be considered:

Which two "market" axes form the dimensions of the BCG Matrix?

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

Match the options below with the correct phrase: -(BCG)Matrix cash cow

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

Which type of planning question addresses the methods or activities to reach the goals?

Operational plans fall into two major categories: single-use and standing plans.

The synergy of a marketing strategy specifies the position or size the firm wants to de-emphasize,given its environment.

Which level of management is "assigned" or associated initially with strategic planning?

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

Match the options below with the correct phrases: -situation analysis

Planning is critical to the success of few organizations.

The type of work activity that draws heavily on the leadership abilities of top managers is the implementation of:

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

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

Match the options below with the correct phrases: -resource deployment

A strategy is a single-use plan for an operation from its beginning to its end.

A single-use plan for an operation from its beginning to its end is called a(n):

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

Focus strategy is one type of competitive strategy.

If an organization is focused on holding current market share,the kind of strategy that is being performed may be considered:

Which two "market" axes form the dimensions of the BCG Matrix?

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

Match the options below with the correct phrase: -(BCG)Matrix cash cow

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