Exam 5: Planning and Decision Making

Alice, a reporter at a daily newspaper, is given a low performance rating because she has not been meeting productivity requirements. She is personally affected by the low rating and gets into an argument with her manager. In this scenario, the disagreements between Alice and her supervisor can best be classified as _____.

Which of the following statements is true of planning?

Daniel has started a small shoe manufacturing company. He has a tight budget, and does not want the best equipment at the moment, so he is using equipment that is good enough to work with. In this scenario, Daniel is _____.

Ray, the brand manager of Randalegna, an online furniture company, prepares a plan detailing Randalegna's merger with Leonmento, an online home décor company. In this scenario, Ray has most likely prepared a _____.

Henncom, a company that manufactures computer spare parts, runs its operations in a small office. Owing to the increase in the demand for its products, the company needs to hire more employees. Instead of opting for the temporary solution of reducing each employee's workspace to accommodate more employees, Carl, the operations manager, decides to go with the optimal solution of shifting the company to larger premises. In this scenario, Carl is most likely _____.

Amy, the chief operations officer of a company that manufactures baby products, formulates a plan on how the company's newly launched products will serve its wide customer base and how it will deal with its competitors. In this scenario, Amy has most likely contributed to developing the company's _____.

_____ is defined as the determination to achieve an objective.

Jim is the operations manager of a car manufacturing company in the United States. He wants to set up production plants in three other countries by the end of the current year. After he has set this goal, which of the following is the next step he should ideally take in order to achieve this goal?

Edgar, the production manager at a textile factory, has noticed a decline in the production capacity of the factory. He wants to understand the reason behind this trend and make a decision on how to resolve the issue. In the context of rational decision making, which of the following is the first step that Edgar should ideally take?

During a discussion about the budget for a project, the discussion gets personal between two managers of Trion LLC. They digress from the topic and start venting their anger on each other. In this scenario, the managers have _____.

In the context of tracking progress toward goal achievement, which of the following is a difference between proximal goals and distal goals?

_____ is defined as the process of choosing a goal and developing a method or strategy to achieve that goal.

An organization's _____ is defined as a more specific goal than the organization's purpose that unifies company-wide efforts, stretches and challenges the organization, and possesses a finish line and a time frame.

_____ is defined as the process of choosing a solution from available alternatives.

Liastem, a company that manufactures machinery parts, required Computer Numerical Control (CNC) machines for production. The company bought old CNC machines and modified them to meet company requirements because it could not afford fully-automatic, new CNC machines. This scenario best illustrates the concept of _____.

A _____ is a type of operational plan that saves managers' time because once the plan is created, it can be used repeatedly to handle frequently recurring events.

In an organization, _____ are responsible for developing and carrying out operational plans.

Clarespharm, a pharmaceutical company, wants to be the market leader in the country of Jefnamia by the end of the next fiscal year. To start working toward this goal, the marketing department of Clarespharm sets targets for the marketing teams. Which of the following is ideally the next step for achieving Clarespharm's goal to be the market leader?

_____ is a systematic process of defining problems, evaluating alternatives, and choosing optimal solutions.

Gordop, an automobile manufacturer, wants to be the market leader in the sedan category in five years' time. To achieve this target, it sets a goal of expanding its market by 10% each month. In this scenario, Gordop's goal of becoming the market leader in the sedan category represents a _____.