Question 1

Corporate-, business-, and functional-level plans can all be applied over the same time horizon.

Accepted Answer

A) True 
 B)False

Question 2

Permanent, ongoing, intense competition brought about in an industry by advancing technology or changing customer tastes is called hypocompetition.

Accepted Answer

A) True 
 B)False

Question 3

Differentiate global strategy from multidomestic strategy for a business and discuss the advantages and disadvantages of each strategy.

Accepted Answer

not answered
Explanation:If managers dec

Question 4

A computer operating system software manufacturer invests its profits in creating newer versions of its operating system software to make best use of the continuous changes in computer hardware. This is called diversification.

Accepted Answer

A) True 
 B)False

Question 5

It is impossible for an organization to have both low-cost and differentiated products.

Accepted Answer

A) True 
 B)False

Question 6

What is a SWOT analysis? List the possible strengths, weaknesses, opportunities, and threats a SWOT analysis of your educational institution might reveal.

Accepted Answer

not answered
Explanation:SWOT analysis i

Question 7

A toy manufacturing company which previously sold its products through a popular toy and juvenile-product retailer decides to enter the retail industry, quickly establishing several retail outlets exclusively for its products. The toy manufacturing company is engaging in _____.

Accepted Answer

A)  forward horizontal integration 
B)  backward vertical integration 
C)  forward vertical integration 
D)  backward horizontal integration 
E)  unrelated diversification 
A)  forward horizontal integration 
B)  backward vertical integration 
C)  forward vertical integration 
D)  backward horizontal integration 
E)  unrelated diversification

Question 8

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's _____.

Accepted Answer

A)  corporate-level plan 
B)  divisional-level plan 
C)  functional-level plan 
D)  business-level plan 
E)  departmental-level plan 
A)  corporate-level plan 
B)  divisional-level plan 
C)  functional-level plan 
D)  business-level plan 
E)  departmental-level plan

Question 9

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

Accepted Answer

A)  Concentration on a single industry 
B)  Forward vertical integration 
C)  Diversification 
D)  Backward vertical integration 
E)  International expansion 
A)  Concentration on a single industry 
B)  Forward vertical integration 
C)  Diversification 
D)  Backward vertical integration 
E)  International expansion

Question 10

The managers of an organization develop a single, well-researched, and effective plan to complete a set of tasks. Which of the following qualities, according to Henry Fayol, does this plan have?

Accepted Answer

A)  Unity 
B)  Flexibility 
C)  Continuity 
D)  Accuracy 
E)  Synergy 
A)  Unity 
B)  Flexibility 
C)  Continuity 
D)  Accuracy 
E)  Synergy

Question 11

The set of decisions that managers make to assist the organization in attaining its goals is called the strategy of the organization.

Accepted Answer

A) True 
 B)False

Question 12

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

Accepted Answer

A)  policy. 
B)  standard operating procedure. 
C)  heuristic. 
D)  rolling plan. 
E)  rule. 
A)  policy. 
B)  standard operating procedure. 
C)  heuristic. 
D)  rolling plan. 
E)  rule.

Question 13

List and briefly explain the different corporate-level strategies.

Accepted Answer

not answered
Explanation:The principal c

Question 14

A business plan that is updated every year, depending on the changes in the organization and in the external environment that have taken place in the previous year, is known as a rolling plan.

Accepted Answer

A) True 
 B)False

Question 15

Though not formally written, an organization allows its employees to dress casually on Fridays. This is a(n) _____ of the organization.

Accepted Answer

A)  policy 
B)  rule 
C)  standard operating procedure 
D)  standing plan 
E)  ethical code 
A)  policy 
B)  rule 
C)  standard operating procedure 
D)  standing plan 
E)  ethical code

Question 16

The first step in implementing a strategy is:

Accepted Answer

A)  drafting detailed action plans that specify how a strategy is to be implemented. 
B)  allocating responsibility for implementation to the appropriate individuals or groups. 
C)  allocating appropriate resources to the responsible individuals or groups. 
D)  holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals. 
E)  establishing a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan. 
A)  drafting detailed action plans that specify how a strategy is to be implemented. 
B)  allocating responsibility for implementation to the appropriate individuals or groups. 
C)  allocating appropriate resources to the responsible individuals or groups. 
D)  holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals. 
E)  establishing a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan.

Question 17

A(n) _____ is a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals.

Accepted Answer

A)  strategy 
B)  objective 
C)  motto 
D)  allocation 
E)  accomplishment 
A)  strategy 
B)  objective 
C)  motto 
D)  allocation 
E)  accomplishment

Question 18

_____ is a plan of action to improve the ability of each of an organization's functions to perform its task-specific activities in ways that add value to an organization's goods and services.

Accepted Answer

A)  Business-level strategy 
B)  Divisional-level strategy 
C)  Corporate-level strategy 
D)  Departmental-level strategy 
E)  Top-level strategy 
A)  Business-level strategy 
B)  Divisional-level strategy 
C)  Corporate-level strategy 
D)  Departmental-level strategy 
E)  Top-level strategy

Question 19

A standing plan that acts as a general guide to action that applies to the employees of an organization is called a _____.

Accepted Answer

A)  belief 
B)  rule 
C)  policy 
D)  standard operating procedure 
E)  scenario 
A)  belief 
B)  rule 
C)  policy 
D)  standard operating procedure 
E)  scenario

Question 20

The first step in defining an organization's mission is to define its business.

Accepted Answer

A) True 
 B)False

Corporate-, business-, and functional-level plans can all be applied over the same time horizon.

Permanent, ongoing, intense competition brought about in an industry by advancing technology or changing customer tastes is called hypocompetition.

Differentiate global strategy from multidomestic strategy for a business and discuss the advantages and disadvantages of each strategy.

A computer operating system software manufacturer invests its profits in creating newer versions of its operating system software to make best use of the continuous changes in computer hardware. This is called diversification.

It is impossible for an organization to have both low-cost and differentiated products.

What is a SWOT analysis? List the possible strengths, weaknesses, opportunities, and threats a SWOT analysis of your educational institution might reveal.

A toy manufacturing company which previously sold its products through a popular toy and juvenile-product retailer decides to enter the retail industry, quickly establishing several retail outlets exclusively for its products. The toy manufacturing company is engaging in _____.

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's _____.

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

The managers of an organization develop a single, well-researched, and effective plan to complete a set of tasks. Which of the following qualities, according to Henry Fayol, does this plan have?

The set of decisions that managers make to assist the organization in attaining its goals is called the strategy of the organization.

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

List and briefly explain the different corporate-level strategies.

A business plan that is updated every year, depending on the changes in the organization and in the external environment that have taken place in the previous year, is known as a rolling plan.

Though not formally written, an organization allows its employees to dress casually on Fridays. This is a(n) _____ of the organization.

The first step in implementing a strategy is:

A(n) _____ is a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals.

_____ is a plan of action to improve the ability of each of an organization's functions to perform its task-specific activities in ways that add value to an organization's goods and services.

A standing plan that acts as a general guide to action that applies to the employees of an organization is called a _____.

The first step in defining an organization's mission is to define its business.

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

Exam 8: The Manager As a Planner and a Strategist

Corporate-, business-, and functional-level plans can all be applied over the same time horizon.

Permanent, ongoing, intense competition brought about in an industry by advancing technology or changing customer tastes is called hypocompetition.

Differentiate global strategy from multidomestic strategy for a business and discuss the advantages and disadvantages of each strategy.

A computer operating system software manufacturer invests its profits in creating newer versions of its operating system software to make best use of the continuous changes in computer hardware. This is called diversification.

It is impossible for an organization to have both low-cost and differentiated products.

What is a SWOT analysis? List the possible strengths, weaknesses, opportunities, and threats a SWOT analysis of your educational institution might reveal.

A toy manufacturing company which previously sold its products through a popular toy and juvenile-product retailer decides to enter the retail industry, quickly establishing several retail outlets exclusively for its products. The toy manufacturing company is engaging in _____.

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's _____.

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

The managers of an organization develop a single, well-researched, and effective plan to complete a set of tasks. Which of the following qualities, according to Henry Fayol, does this plan have?

The set of decisions that managers make to assist the organization in attaining its goals is called the strategy of the organization.

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

List and briefly explain the different corporate-level strategies.

A business plan that is updated every year, depending on the changes in the organization and in the external environment that have taken place in the previous year, is known as a rolling plan.

Though not formally written, an organization allows its employees to dress casually on Fridays. This is a(n) _____ of the organization.

The first step in implementing a strategy is:

A(n) _____ is a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals.

_____ is a plan of action to improve the ability of each of an organization's functions to perform its task-specific activities in ways that add value to an organization's goods and services.

A standing plan that acts as a general guide to action that applies to the employees of an organization is called a _____.

The first step in defining an organization's mission is to define its business.

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