Question 1

Typically ______-level goals and strategies require intermediate- and short-term plans.

Accepted Answer

A)  functional 
B)  business 
C)  divisional 
D)  corporate 
E)  global 
A)  functional 
B)  business 
C)  divisional 
D)  corporate 
E)  global A

Question 2

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

Accepted Answer

SWOT analysis is a planning exercise in which managers identify internal organizational strengths (S) and weaknesses (W) and external environmental opportunities (O) and threats (T). Based on a SWOT analysis, managers at the different levels of the organization select corporate, business, and functional strategies to best position the organization to achieve its mission and goals. Student answers will vary. A student must analyze his/her institution in factors pertaining to the education industry such as academic history, cost, location, size, infrastructure, cultural activities, sports among others.

Question 3

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 D

Question 4

Entering a new industry or buying a company in a new industry that is not related in any way to an organization's current businesses or industries is called unrelated diversification.

Accepted Answer

A) True 
 B)False

Question 5

_____ is the final step in implementing strategy.

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)  Establishing a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan 
D)  Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals 
E)  Allocating appropriate resources to the responsible individuals or groups 
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)  Establishing a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan 
D)  Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals 
E)  Allocating appropriate resources to the responsible individuals or groups

Question 6

Nokia has established production operations in foreign countries to sell its phones in those regions. The production operations perform as separate entities without any local direct involvement. These production operations are _____ of Nokia.

Accepted Answer

A)  joint ventures 
B)  acquisitions 
C)  wholly owned subsidiaries 
D)  mergers 
E)  hostile takeovers 
A)  joint ventures 
B)  acquisitions 
C)  wholly owned subsidiaries 
D)  mergers 
E)  hostile takeovers

Question 7

In large organizations the functional level of management is also known as the _____ of management.

Accepted Answer

A)  business level 
B)  corporate level 
C)  divisional level 
D)  departmental level 
E)  top level 
A)  business level 
B)  corporate level 
C)  divisional level 
D)  departmental level 
E)  top level

Question 8

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 9

SWOT analysis is a planning exercise in which managers identify external environmental strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits is referred to as:

Accepted Answer

A)  licensing. 
B)  franchising. 
C)  strategic alliance. 
D)  exporting. 
E)  importing. 
A)  licensing. 
B)  franchising. 
C)  strategic alliance. 
D)  exporting. 
E)  importing.

Question 12

Planning is important for an organization since a plan can be used as a device for controlling managers within an organization.

Accepted Answer

A) True 
 B)False

Question 13

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

The corporate-level plan contains top ma

Question 14

Discuss the necessity and the importance of the planning process.

Accepted Answer

Planning provides an opportunity for man

Question 15

Another name for contingency planning is _____.

Accepted Answer

A)  single-use planning 
B)  ad-hoc planning 
C)  business planning 
D)  divisional-level planning 
E)  scenario planning 
A)  single-use planning 
B)  ad-hoc planning 
C)  business planning 
D)  divisional-level planning 
E)  scenario planning

Question 16

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitutes 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 17

In a typical organization, corporate-level planning is the primary responsibility of divisional heads.

Accepted Answer

A) True 
 B)False

Question 18

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 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

A(n) _____ strategy indicates how a division intends to compete against its rivals in an industry.

Accepted Answer

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

Typically ______-level goals and strategies require intermediate- and short-term plans.

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

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 _____.

Entering a new industry or buying a company in a new industry that is not related in any way to an organization's current businesses or industries is called unrelated diversification.

_____ is the final step in implementing strategy.

Nokia has established production operations in foreign countries to sell its phones in those regions. The production operations perform as separate entities without any local direct involvement. These production operations are _____ of Nokia.

In large organizations the functional level of management is also known as the _____ of management.

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

SWOT analysis is a planning exercise in which managers identify external environmental strengths and weaknesses.

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

Selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits is referred to as:

Planning is important for an organization since a plan can be used as a device for controlling managers within an organization.

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 necessity and the importance of the planning process.

Another name for contingency planning is _____.

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

In a typical organization, corporate-level planning is the primary responsibility of divisional heads.

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

_____ 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.

A(n) _____ strategy indicates how a division intends to compete against its rivals in an industry.

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

Typically ______-level goals and strategies require intermediate- and short-term plans.

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

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 _____.

Entering a new industry or buying a company in a new industry that is not related in any way to an organization's current businesses or industries is called unrelated diversification.

_____ is the final step in implementing strategy.

Nokia has established production operations in foreign countries to sell its phones in those regions. The production operations perform as separate entities without any local direct involvement. These production operations are _____ of Nokia.

In large organizations the functional level of management is also known as the _____ of management.

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

SWOT analysis is a planning exercise in which managers identify external environmental strengths and weaknesses.

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

Selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits is referred to as:

Planning is important for an organization since a plan can be used as a device for controlling managers within an organization.

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 necessity and the importance of the planning process.

Another name for contingency planning is _____.

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

In a typical organization, corporate-level planning is the primary responsibility of divisional heads.

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

_____ 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.

A(n) _____ strategy indicates how a division intends to compete against its rivals in an industry.

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