Question 1

The steps in the strategic planning process include all of the following EXCEPT:

Accepted Answer

A)  setting objectives. 
B)  developing strategies. 
C)  analyzing the environment. 
D)  setting rules. 
A)  setting objectives. 
B)  developing strategies. 
C)  analyzing the environment. 
D)  setting rules.

Question 2

As a manager,would you use management by objectives (MBO)?

Accepted Answer

As a manager, whether or not to use Mana

Question 3

Bill bought the newest iPhone model today that was just released last week.What stage of the product life cycle are these models of iPhones currently located at?

Accepted Answer

A)  introduction 
B)  growth 
C)  maturity 
D)  decline 
A)  introduction 
B)  growth 
C)  maturity 
D)  decline

Question 4

In the BCG Growth-Share matrix,__________ have low returns in a low-growth market and have low relative market share.

Accepted Answer

A)  question marks 
B)  cash cows 
C)  stars 
D)  dogs 
A)  question marks 
B)  cash cows 
C)  stars 
D)  dogs

Question 5

Contingency plans are alternative plans to be implemented if uncontrollable events occur.

Accepted Answer

A) True 
 B)False

Question 6

Discuss the three adaptive strategies.

Accepted Answer

With the prospecting strategy,the firm a

Question 7

A __________ is a sequence of actions to be followed in order to achieve an objective.

Accepted Answer

A)  policy 
B)  rule 
C)  procedure 
D)  program 
A)  policy 
B)  rule 
C)  procedure 
D)  program

Question 8

What are the competitive strategies?

Accepted Answer

The competitive stra

Question 9

A cost leadership strategy is used when an organization offers a product with the highest quality at the highest price.

Accepted Answer

A) True 
 B)False

Question 10

The strategic planning process is a linear process.

Accepted Answer

A) True 
 B)False

Question 11

Describe how strategic planning differs from operational planning.

Accepted Answer

The primary differences concern the time

Question 12

What are the two types of plans?

Accepted Answer

The two types of pla

Question 13

A SWOT analysis is used to determine:

Accepted Answer

A)  what can be done to deal with a specific problem confronting the company. 
B)  a company's critical success factors. 
C)  an organization's internal environmental strengths and weaknesses and external environmental opportunities and threats. 
D)  none of these 
A)  what can be done to deal with a specific problem confronting the company. 
B)  a company's critical success factors. 
C)  an organization's internal environmental strengths and weaknesses and external environmental opportunities and threats. 
D)  none of these

Question 14

What stage of the product life cycle would a college education be in?

Accepted Answer

A college education is a service, not a

Question 15

Describe the four grand strategies.

Accepted Answer

With a growth strategy,the firm aggressi

Question 16

A business strategy is the strategic 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

Why are strategic and operational planning important?

Accepted Answer

Answers will vary,but students should re

Question 18

With a __________ strategy,the company attempts to hold and maintain its present size or to grow slowly.

Accepted Answer

A)  growth 
B)  retrenchment 
C)  stability 
D)  turnaround 
A)  growth 
B)  retrenchment 
C)  stability 
D)  turnaround

Question 19

Operational planning is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished.

Accepted Answer

A) True 
 B)False

Question 20

A merger occurs when one business buys all or part of another business.

Accepted Answer

A) True 
 B)False

The steps in the strategic planning process include all of the following EXCEPT:

As a manager,would you use management by objectives (MBO)?

Bill bought the newest iPhone model today that was just released last week.What stage of the product life cycle are these models of iPhones currently located at?

In the BCG Growth-Share matrix,__________ have low returns in a low-growth market and have low relative market share.

Contingency plans are alternative plans to be implemented if uncontrollable events occur.

Discuss the three adaptive strategies.

A __________ is a sequence of actions to be followed in order to achieve an objective.

What are the competitive strategies?

A cost leadership strategy is used when an organization offers a product with the highest quality at the highest price.

The strategic planning process is a linear process.

Describe how strategic planning differs from operational planning.

What are the two types of plans?

A SWOT analysis is used to determine:

What stage of the product life cycle would a college education be in?

Describe the four grand strategies.

A business strategy is the strategic plan for:

Why are strategic and operational planning important?

With a __________ strategy,the company attempts to hold and maintain its present size or to grow slowly.

Operational planning is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished.

A merger occurs when one business buys all or part of another business.

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

The steps in the strategic planning process include all of the following EXCEPT:

As a manager,would you use management by objectives (MBO)?

Bill bought the newest iPhone model today that was just released last week.What stage of the product life cycle are these models of iPhones currently located at?

In the BCG Growth-Share matrix,__________ have low returns in a low-growth market and have low relative market share.

Contingency plans are alternative plans to be implemented if uncontrollable events occur.

Discuss the three adaptive strategies.

A __________ is a sequence of actions to be followed in order to achieve an objective.

What are the competitive strategies?

A cost leadership strategy is used when an organization offers a product with the highest quality at the highest price.

The strategic planning process is a linear process.

Describe how strategic planning differs from operational planning.

What are the two types of plans?

A SWOT analysis is used to determine:

What stage of the product life cycle would a college education be in?

Describe the four grand strategies.

A business strategy is the strategic plan for:

Why are strategic and operational planning important?

With a __________ strategy,the company attempts to hold and maintain its present size or to grow slowly.

Operational planning is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished.

A merger occurs when one business buys all or part of another business.

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