Question 1

When Google purchased YouTube, a company that featured different but related products, Google was engaging in which of the following?

Accepted Answer

A) Backward vertical integration 
B) Concentration 
C) Diversification 
D) Forward vertical integration 
A) Backward vertical integration 
B) Concentration 
C) Diversification 
D) Forward vertical integration

Question 2

Imagine you are a manager at Systech Software.Provide one example of how you would use competitive intelligence and one example of how you would use benchmarking to analyse the external environment.

Accepted Answer

Answers will vary but should mention a c

Question 3

Up to now your success has been based on selling high-quality, gourmet sandwiches at a price that others cannot match.Your business is pursuing which of Porter's strategies?

Accepted Answer

A) Cost leadership strategy 
B) Differentiation strategy 
C) Competitive advantage strategy 
D) Focus strategy 
A) Cost leadership strategy 
B) Differentiation strategy 
C) Competitive advantage strategy 
D) Focus strategy

Question 4

Together, an organisation's resources and core competencies make up which of the following?

Accepted Answer

A) Core assets 
B) Fundamental beliefs 
C) Core philosophy 
D) Competitive weapons 
A) Core assets 
B) Fundamental beliefs 
C) Core philosophy 
D) Competitive weapons

Question 5

MBO programs are usually successful largely because they _________.

Accepted Answer

A) free managers from the responsibility of setting goals 
B) give employees a sense of ownership of goals 
C) give managers a sense of ownership of goals 
D) free employees from responsibility if goals are not met 
A) free managers from the responsibility of setting goals 
B) give employees a sense of ownership of goals 
C) give managers a sense of ownership of goals 
D) free employees from responsibility if goals are not met

Question 6

In a short essay, compare strategic plans and tactical plans.

Accepted Answer

Strategic plans are plans that apply to

Question 7

The first step in the six-step strategic management process is to _________.

Accepted Answer

A) analyse the organisation's strengths and weaknesses 
B) identify the organisation's mission, goals and strategies 
C) identify strategies to reach the organisation's goals 
D) implement strategies 
A) analyse the organisation's strengths and weaknesses 
B) identify the organisation's mission, goals and strategies 
C) identify strategies to reach the organisation's goals 
D) implement strategies

Question 8

An organisation's creative ability is independent of its formal planning process.

Accepted Answer

A) True 
 B)False

Question 9

Core competencies include an organisation's major capabilities and its resources.

Accepted Answer

A) True 
 B)False

Question 10

In MBO, or management by objectives, it is critical that managers and subordinates mutually agree on goals.

Accepted Answer

A) True 
 B)False

Question 11

How does a load chart differ from a Gantt chart?

Accepted Answer

A modified version of the Gantt chart is

Question 12

Capabilities are 'what' an organisation has; resources are 'how' it uses what it has.

Accepted Answer

A) True 
 B)False

Question 13

In most cases, strategic goals include _________.

Accepted Answer

A) all financial objectives 
B) some financial objectives 
C) all objectives, both financial and non-financial 
D) all objectives that are not financial 
A) all financial objectives 
B) some financial objectives 
C) all objectives, both financial and non-financial 
D) all objectives that are not financial

Question 14

You are thinking of buying a bread factory in a nearby state.This action would be an example of _________.

Accepted Answer

A) vertical integration 
B) diversification 
C) horizontal integration 
D) concentration 
A) vertical integration 
B) diversification 
C) horizontal integration 
D) concentration

Question 15

Goals are documents that outline how plans are to be carried out.

Accepted Answer

A) True 
 B)False

Question 16

Planning is often referred to as _________.

Accepted Answer

A) an informal strategy 
B) the primary management function 
C) the organisation's unwritten goals 
D) an employee hierarchy 
A) an informal strategy 
B) the primary management function 
C) the organisation's unwritten goals 
D) an employee hierarchy

Question 17

Which of the following best defines goals?

Accepted Answer

A) Desired outcomes for the future. 
B) Unlikely outcomes for the future. 
C) Likely outcomes for the future. 
D) Short-term targets. 
A) Desired outcomes for the future. 
B) Unlikely outcomes for the future. 
C) Likely outcomes for the future. 
D) Short-term targets.

When Google purchased YouTube, a company that featured different but related products, Google was engaging in which of the following?

Imagine you are a manager at Systech Software.Provide one example of how you would use competitive intelligence and one example of how you would use benchmarking to analyse the external environment.

Up to now your success has been based on selling high-quality, gourmet sandwiches at a price that others cannot match.Your business is pursuing which of Porter's strategies?

Together, an organisation's resources and core competencies make up which of the following?

MBO programs are usually successful largely because they _________.

In a short essay, compare strategic plans and tactical plans.

The first step in the six-step strategic management process is to _________.

An organisation's creative ability is independent of its formal planning process.

Core competencies include an organisation's major capabilities and its resources.

In MBO, or management by objectives, it is critical that managers and subordinates mutually agree on goals.

How does a load chart differ from a Gantt chart?

Capabilities are 'what' an organisation has; resources are 'how' it uses what it has.

In most cases, strategic goals include _________.

You are thinking of buying a bread factory in a nearby state.This action would be an example of _________.

Goals are documents that outline how plans are to be carried out.

Planning is often referred to as _________.

Which of the following best defines goals?

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 4: Foundations of Planning

When Google purchased YouTube, a company that featured different but related products, Google was engaging in which of the following?

Imagine you are a manager at Systech Software.Provide one example of how you would use competitive intelligence and one example of how you would use benchmarking to analyse the external environment.

Up to now your success has been based on selling high-quality, gourmet sandwiches at a price that others cannot match.Your business is pursuing which of Porter's strategies?

Together, an organisation's resources and core competencies make up which of the following?

MBO programs are usually successful largely because they _________.

In a short essay, compare strategic plans and tactical plans.

The first step in the six-step strategic management process is to _________.

An organisation's creative ability is independent of its formal planning process.

Core competencies include an organisation's major capabilities and its resources.

In MBO, or management by objectives, it is critical that managers and subordinates mutually agree on goals.

How does a load chart differ from a Gantt chart?

Capabilities are 'what' an organisation has; resources are 'how' it uses what it has.

In most cases, strategic goals include _________.

You are thinking of buying a bread factory in a nearby state.This action would be an example of _________.

Goals are documents that outline how plans are to be carried out.

Planning is often referred to as _________.

Which of the following best defines goals?

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters