Question 1

To determine an organization's missions and goals, managers must first _____.

Accepted Answer

A)  perform a SWOT analysis 
B)  apply the Five Forces Model 
C)  define its business 
D)  develop a long-term plan 
E)  develop a short-term plan 
A)  perform a SWOT analysis 
B)  apply the Five Forces Model 
C)  define its business 
D)  develop a long-term plan 
E)  develop a short-term plan

Question 2

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

Accepted Answer

A rolling plan is a plan that is updated

Question 3

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 4

The duration over which a plan is intended to be applied or endured is called _____.

Accepted Answer

A)  an event compass 
B)  goal duration 
C)  plan endurance 
D)  target visibility 
E)  a time horizon 
A)  an event compass 
B)  goal duration 
C)  plan endurance 
D)  target visibility 
E)  a time horizon

Question 5

The level of foreign involvement and investment and degree of risk is least in wholly owned foreign subsidiaries.

Accepted Answer

A) True 
 B)False

Question 6

Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals is the last step in implementing strategy.

Accepted Answer

A) True 
 B)False

Question 7

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee 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 8

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.

Question 9

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies the decision to all the departments associated with the division. The departmental managers must alter their _____ to accommodate the earlier release date.

Accepted Answer

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

Question 10

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 11

_____ are used in situations in which programmed decision making is appropriate.

Accepted Answer

A)  Single-use plans 
B)  Functional plans 
C)  Rolling plans 
D)  Scenario plans 
E)  Standing plans 
A)  Single-use plans 
B)  Functional plans 
C)  Rolling plans 
D)  Scenario plans 
E)  Standing plans

Question 12

The final step in the planning process of an organization is to determine the organization's mission and goals.

Accepted Answer

A) True 
 B)False

Question 13

A brand of cereal attracts customers by offering the lowest prices among other brands of cereals. The company uses a differentiation strategy in this situation.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

If managers decide that their organizati

Question 15

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 16

Scenario planning is also known as contingency planning.

Accepted Answer

A) True 
 B)False

Question 17

Policies, rules, and standard operating procedures (SOPs) are all types of _____ plans.

Accepted Answer

A)  single-use 
B)  functional 
C)  rolling 
D)  standing 
E)  scenario 
A)  single-use 
B)  functional 
C)  rolling 
D)  standing 
E)  scenario

Question 18

In performing a SWOT analysis, a furniture company realized that the number of competing firms in its industry was increasing. The company would classify this as a(n) _____.

Accepted Answer

A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  advantage 
A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  advantage

Question 19

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 20

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities in order to reduce overall costs. The company is employing a _____.

Accepted Answer

A)  focused differentiation strategy 
B)  low-cost strategy 
C)  high-cost strategy 
D)  unifying strategy 
E)  hypercompetition strategy 
A)  focused differentiation strategy 
B)  low-cost strategy 
C)  high-cost strategy 
D)  unifying strategy 
E)  hypercompetition strategy

To determine an organization's missions and goals, managers must first _____.

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

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.

The duration over which a plan is intended to be applied or endured is called _____.

The level of foreign involvement and investment and degree of risk is least in wholly owned foreign subsidiaries.

Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals is the last step in implementing strategy.

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is referred to as:

The first step in planning for an organization is:

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies the decision to all the departments associated with the division. The departmental managers must alter their _____ to accommodate the earlier release date.

The first step in implementing a strategy is:

_____ are used in situations in which programmed decision making is appropriate.

The final step in the planning process of an organization is to determine the organization's mission and goals.

A brand of cereal attracts customers by offering the lowest prices among other brands of cereals. The company uses a differentiation strategy in this situation.

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

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

Scenario planning is also known as contingency planning.

Policies, rules, and standard operating procedures (SOPs) are all types of _____ plans.

In performing a SWOT analysis, a furniture company realized that the number of competing firms in its industry was increasing. The company would classify this as a(n) _____.

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

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities in order to reduce overall costs. The company is employing a _____.

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

To determine an organization's missions and goals, managers must first _____.

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

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.

The duration over which a plan is intended to be applied or endured is called _____.

The level of foreign involvement and investment and degree of risk is least in wholly owned foreign subsidiaries.

Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals is the last step in implementing strategy.

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is referred to as:

The first step in planning for an organization is:

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies the decision to all the departments associated with the division. The departmental managers must alter their _____ to accommodate the earlier release date.

The first step in implementing a strategy is:

_____ are used in situations in which programmed decision making is appropriate.

The final step in the planning process of an organization is to determine the organization's mission and goals.

A brand of cereal attracts customers by offering the lowest prices among other brands of cereals. The company uses a differentiation strategy in this situation.

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

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

Scenario planning is also known as contingency planning.

Policies, rules, and standard operating procedures (SOPs) are all types of _____ plans.

In performing a SWOT analysis, a furniture company realized that the number of competing firms in its industry was increasing. The company would classify this as a(n) _____.

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

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities in order to reduce overall costs. The company is employing a _____.

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