Question 1

Discuss the necessity and the importance of the planning process.

Accepted Answer

not answered
Explanation:Planning provides an opportunity for managers to become involved in the important decisions of the organization. Planning can give the organization a sense of purpose and direction to its activities; it can help managers in different departments of the organization to coordinate their activities toward a common set of goals; and it can help with the controlling function of the organization by providing benchmarks against which the performance of managers can be evaluated.

Question 2

The first step in planning for an organization is:

Accepted Answer

A)  procuring raw materials and human resources. 
B)  analyzing situations and formulating strategies. 
C)  expanding the organization's business globally. 
D)  determining the organization's missions and goals. 
E)  allocating resources and responsibilities to achieve strategies. 
A)  procuring raw materials and human resources. 
B)  analyzing situations and formulating strategies. 
C)  expanding the organization's business globally. 
D)  determining the organization's missions and goals. 
E)  allocating resources and responsibilities to achieve strategies. D

Question 3

The possibility of expanding into a global market is a potential weakness of an organization.

Accepted Answer

A) True 
 B)False  False

Question 4

Scenario planning is also known as contingency planning.

Accepted Answer

A) True 
 B)False

Question 5

Discuss the three main steps of the planning process.

Accepted Answer

not answered
Explanation:Business planni

Question 6

According to Henry Fayol, an effective plan should have four qualities, namely, unity, continuity, accuracy, and _____.

Accepted Answer

A)  sustainability 
B)  flexibility 
C)  accountability 
D)  consistency 
E)  synergy 
A)  sustainability 
B)  flexibility 
C)  accountability 
D)  consistency 
E)  synergy

Question 7

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

Accepted Answer

A) True 
 B)False

Question 8

Define rolling plans, standing plans, and single-use plans. List the different kinds of standing plans and single-use plans.

Accepted Answer

not answered
Explanation:A rolling plan

Question 9

Plans that are developed to handle nonprogrammed decision making in unusual or one-of-a-kind situations are called _____.

Accepted Answer

A)  standing plans 
B)  single-use plans 
C)  general plans 
D)  global plans 
E)  rolling plans 
A)  standing plans 
B)  single-use plans 
C)  general plans 
D)  global plans 
E)  rolling plans

Question 10

Single-use plans are intended to be used primarily in nonprogrammed decision making in unusual situations.

Accepted Answer

A) True 
 B)False

Question 11

Discuss the three levels of planning and their respective strategies. For an organization of choice, give an example of a strategy that can be applied at each level.

Accepted Answer

not answered
Explanation:The corporate-l

Question 12

Discuss the five major threats of Michael Porter's five forces model.

Accepted Answer

not answered
Explanation:Porter identifi

Question 13

The method of international expansion which presents managers with many threats and is the most expensive due to the high level of foreign investment is the method of international expansion through _____.

Accepted Answer

A)  joint ventures 
B)  exporting and importing 
C)  licensing 
D)  franchising 
E)  wholly owned subsidiaries 
A)  joint ventures 
B)  exporting and importing 
C)  licensing 
D)  franchising 
E)  wholly owned subsidiaries

Question 14

Differentiate between the main types of business-level strategies by explaining how they give an organization a competitive advantage.

Accepted Answer

not answered
Explanation:The four strate

Question 15

Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.

Accepted Answer

A) True 
 B)False

Question 16

As a part of its yearly planning activities, PDQ Financial Services generates a list of possible future scenarios and creates a plan to respond to each of these forecasts. PDQ Financial Services is practicing _____.

Accepted Answer

A)  single-use planning 
B)  ad-hoc planning 
C)  divisional-level planning 
D)  contingency planning 
E)  functional planning 
A)  single-use planning 
B)  ad-hoc planning 
C)  divisional-level planning 
D)  contingency planning 
E)  functional planning

Question 17

The mission statements of organizations in the same market will typically be the same.

Accepted Answer

A) True 
 B)False

Question 18

According to Henri Fayol, continuity means that planning is an ongoing process in which managers build and refine previous plans and continually modify plans at all levels so they fit together into one broad framework.

Accepted Answer

A) True 
 B)False

Question 19

_____ is a corporate-level strategy in which a company expands its business operations into a new industry that produces inputs for the company's products.

Accepted Answer

A)  Forward vertical integration 
B)  Forward horizontal integration 
C)  Unrelated diversification 
D)  Backward horizontal integration 
E)  Backward vertical integration 
A)  Forward vertical integration 
B)  Forward horizontal integration 
C)  Unrelated diversification 
D)  Backward horizontal integration 
E)  Backward vertical integration

Question 20

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes. This is called _____.

Accepted Answer

A)  ultracompetition 
B)  hypocompetition 
C)  supercompetition 
D)  hypercompetition 
E)  extracompetition 
A)  ultracompetition 
B)  hypocompetition 
C)  supercompetition 
D)  hypercompetition 
E)  extracompetition

Discuss the necessity and the importance of the planning process.

The first step in planning for an organization is:

The possibility of expanding into a global market is a potential weakness of an organization.

Scenario planning is also known as contingency planning.

Discuss the three main steps of the planning process.

According to Henry Fayol, an effective plan should have four qualities, namely, unity, continuity, accuracy, and _____.

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

Define rolling plans, standing plans, and single-use plans. List the different kinds of standing plans and single-use plans.

Plans that are developed to handle nonprogrammed decision making in unusual or one-of-a-kind situations are called _____.

Single-use plans are intended to be used primarily in nonprogrammed decision making in unusual situations.

Discuss the three levels of planning and their respective strategies. For an organization of choice, give an example of a strategy that can be applied at each level.

Discuss the five major threats of Michael Porter's five forces model.

The method of international expansion which presents managers with many threats and is the most expensive due to the high level of foreign investment is the method of international expansion through _____.

Differentiate between the main types of business-level strategies by explaining how they give an organization a competitive advantage.

Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.

As a part of its yearly planning activities, PDQ Financial Services generates a list of possible future scenarios and creates a plan to respond to each of these forecasts. PDQ Financial Services is practicing _____.

The mission statements of organizations in the same market will typically be the same.

According to Henri Fayol, continuity means that planning is an ongoing process in which managers build and refine previous plans and continually modify plans at all levels so they fit together into one broad framework.

_____ is a corporate-level strategy in which a company expands its business operations into a new industry that produces inputs for the company's products.

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes. This is called _____.

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

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Exam 8: The Manager As a Planner and a Strategist

Discuss the necessity and the importance of the planning process.

The first step in planning for an organization is:

The possibility of expanding into a global market is a potential weakness of an organization.

Scenario planning is also known as contingency planning.

Discuss the three main steps of the planning process.

According to Henry Fayol, an effective plan should have four qualities, namely, unity, continuity, accuracy, and _____.

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

Define rolling plans, standing plans, and single-use plans. List the different kinds of standing plans and single-use plans.

Plans that are developed to handle nonprogrammed decision making in unusual or one-of-a-kind situations are called _____.

Single-use plans are intended to be used primarily in nonprogrammed decision making in unusual situations.

Discuss the three levels of planning and their respective strategies. For an organization of choice, give an example of a strategy that can be applied at each level.

Discuss the five major threats of Michael Porter's five forces model.

The method of international expansion which presents managers with many threats and is the most expensive due to the high level of foreign investment is the method of international expansion through _____.

Differentiate between the main types of business-level strategies by explaining how they give an organization a competitive advantage.

Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.

As a part of its yearly planning activities, PDQ Financial Services generates a list of possible future scenarios and creates a plan to respond to each of these forecasts. PDQ Financial Services is practicing _____.

The mission statements of organizations in the same market will typically be the same.

According to Henri Fayol, continuity means that planning is an ongoing process in which managers build and refine previous plans and continually modify plans at all levels so they fit together into one broad framework.

_____ is a corporate-level strategy in which a company expands its business operations into a new industry that produces inputs for the company's products.

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes. This is called _____.

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

Filters