Question 1

"To earn a net profit of $1 million in 2011" is considered an effective objective.

Accepted Answer

A) True 
 B)False

Question 2

One difference between strategic planning and operational planning is:

Accepted Answer

A)  the time frame involved. 
B)  their success rate. 
C)  the effort involved. 
D)  budgeted resources. 
A)  the time frame involved. 
B)  their success rate. 
C)  the effort involved. 
D)  budgeted resources.

Question 3

Groups that participate in setting their objectives generally outperform groups with assigned objectives.

Accepted Answer

A) True 
 B)False

Question 4

A company is a single line of business cannot conduct a business portfolio analysis.

Accepted Answer

A) True 
 B)False

Question 5

Critical success factors are what a firm does well.

Accepted Answer

A) True 
 B)False

Question 6

A company situation analysis is used at the __________ level.

Accepted Answer

A)  corporate 
B)  business 
C)  functional 
D)  departmental 
A)  corporate 
B)  business 
C)  functional 
D)  departmental

Question 7

GM is trying to decide if it should expand its operations into manufacturing motorcycles.Which type of growth strategy would this be classified as?

Accepted Answer

A)  related diversification 
B)  forward integration 
C)  unrelated diversification 
D)  backward integration 
A)  related diversification 
B)  forward integration 
C)  unrelated diversification 
D)  backward integration

Question 8

Which planning levels and their strategies are part of strategic planning?

Accepted Answer

Corporate- and busin

Question 9

State the grand strategy for an organization you work for or have worked for.

Accepted Answer

The grand strategy for the organization

Question 10

__________ state exactly what should or should not be done.

Accepted Answer

A)  Policies 
B)  Standing plans 
C)  Procedures 
D)  Rules 
A)  Policies 
B)  Standing plans 
C)  Procedures 
D)  Rules

Question 11

An acquisition occurs when one business buys all or part of another business.

Accepted Answer

A) True 
 B)False

Question 12

A.Conduct a five-force competitive analysis,like that in Exhibit 4-4.
B.Complete a SWOT analysis.
1.SWOT analysis.
2.Determine the competitive advantage (if any)of your university/college or school/department.

Accepted Answer

A. Answers

Question 13

Identify the adaptive strategy used by an organization you work for or have worked for.Be sure to describe how it used the strategy.

Accepted Answer

The organization I work for has used a c

Question 14

Growth strategies are concentration,related and unrelated integration,and backward and forward diversification.

Accepted Answer

A) True 
 B)False

Question 15

Functional strategies include all of the following EXCEPT:

Accepted Answer

A)  growth. 
B)  marketing. 
C)  operations. 
D)  finance. 
A)  growth. 
B)  marketing. 
C)  operations. 
D)  finance.

Question 16

A functional strategy is the operational plan for:

Accepted Answer

A)  managing multiple lines of businesses. 
B)  managing one line of business. 
C)  managing one area of a business. 
D)  none of these 
A)  managing multiple lines of businesses. 
B)  managing one line of business. 
C)  managing one area of a business. 
D)  none of these

Question 17

Which growth strategy would you say is the most successful?

Accepted Answer

Answers will vary,but students

Question 18

__________ is the process of comparing an organization's products or services and processes with those of other companies.

Accepted Answer

A)  Scanning the environment 
B)  SWOT analysis 
C)  Strategic planning 
D)  Benchmarking 
A)  Scanning the environment 
B)  SWOT analysis 
C)  Strategic planning 
D)  Benchmarking

Question 19

A conglomerate is an example of:

Accepted Answer

A)  forward integration. 
B)  backward integration. 
C)  related diversification. 
D)  unrelated diversification. 
A)  forward integration. 
B)  backward integration. 
C)  related diversification. 
D)  unrelated diversification.

Question 20

Scanning the environment is the process of comparing an organization's products or services and processes with those of other companies.

Accepted Answer

A) True 
 B)False

"To earn a net profit of $1 million in 2011" is considered an effective objective.

One difference between strategic planning and operational planning is:

Groups that participate in setting their objectives generally outperform groups with assigned objectives.

A company is a single line of business cannot conduct a business portfolio analysis.

Critical success factors are what a firm does well.

A company situation analysis is used at the __________ level.

GM is trying to decide if it should expand its operations into manufacturing motorcycles.Which type of growth strategy would this be classified as?

Which planning levels and their strategies are part of strategic planning?

State the grand strategy for an organization you work for or have worked for.

__________ state exactly what should or should not be done.

An acquisition occurs when one business buys all or part of another business.

A.Conduct a five-force competitive analysis,like that in Exhibit 4-4. B.Complete a SWOT analysis. 1.SWOT analysis. 2.Determine the competitive advantage (if any)of your university/college or school/department.

Identify the adaptive strategy used by an organization you work for or have worked for.Be sure to describe how it used the strategy.

Growth strategies are concentration,related and unrelated integration,and backward and forward diversification.

Functional strategies include all of the following EXCEPT:

A functional strategy is the operational plan for:

Which growth strategy would you say is the most successful?

__________ is the process of comparing an organization's products or services and processes with those of other companies.

A conglomerate is an example of:

Scanning the environment is the process of comparing an organization's products or services and processes with those of other companies.

Management and Entrepreneurship

The Global Environment, Culture, Ethics, Social Responsibility, and Sustainability

Creative Problem Solving and Decision Making

Organizing and Delegating Work

Managing Change: Innovation and Diversity

Human Resources Management

Organizational Behavior: Power, politics, conflict, and Stress

Leading With Influence

Communicating and Information Technology

Motivating for High Performance

Team Leadership

Control Systems: Financial and Human

Operations,quality,and Productivity

A Brief History of Management

Time Management

Career Management and Networking

Written Communication

Filters

Exam 4: Strategic and Operational Planning

"To earn a net profit of $1 million in 2011" is considered an effective objective.

One difference between strategic planning and operational planning is:

Groups that participate in setting their objectives generally outperform groups with assigned objectives.

A company is a single line of business cannot conduct a business portfolio analysis.

Critical success factors are what a firm does well.

A company situation analysis is used at the __________ level.

GM is trying to decide if it should expand its operations into manufacturing motorcycles.Which type of growth strategy would this be classified as?

Which planning levels and their strategies are part of strategic planning?

State the grand strategy for an organization you work for or have worked for.

__________ state exactly what should or should not be done.

An acquisition occurs when one business buys all or part of another business.

A.Conduct a five-force competitive analysis,like that in Exhibit 4-4. B.Complete a SWOT analysis. 1.SWOT analysis. 2.Determine the competitive advantage (if any)of your university/college or school/department.

Identify the adaptive strategy used by an organization you work for or have worked for.Be sure to describe how it used the strategy.

Growth strategies are concentration,related and unrelated integration,and backward and forward diversification.

Functional strategies include all of the following EXCEPT:

A functional strategy is the operational plan for:

Which growth strategy would you say is the most successful?

__________ is the process of comparing an organization's products or services and processes with those of other companies.

A conglomerate is an example of:

Scanning the environment is the process of comparing an organization's products or services and processes with those of other companies.

Management and Entrepreneurship

The Global Environment, Culture, Ethics, Social Responsibility, and Sustainability

Creative Problem Solving and Decision Making

Organizing and Delegating Work

Managing Change: Innovation and Diversity

Human Resources Management

Organizational Behavior: Power, politics, conflict, and Stress

Leading With Influence

Communicating and Information Technology

Motivating for High Performance

Team Leadership

Control Systems: Financial and Human

Operations,quality,and Productivity

A Brief History of Management

Time Management

Career Management and Networking

Written Communication

Filters