Question 1

In a PERT network, __________ is the amount of time an individual activity can be delayed without delaying the whole project.

Accepted Answer

A)  delay time 
B)  slack time 
C)  the critical path 
D)  crash time 
E)  critical time 
A)  delay time 
B)  slack time 
C)  the critical path 
D)  crash time 
E)  critical time

Question 2

Research has shown that companies with advanced environmental scanning systems have increased their profits and revenue growth.

Accepted Answer

A) True 
 B)False

Question 3

Competitor intelligence allows managers to do which of the following?

Accepted Answer

A)  take preemptive action against competitors 
B)  cut costs below the competition 
C)  increase market diversification 
D)  anticipate competitor actions 
E)  assess the intellectual capital of competitors' managers and employees 
A)  take preemptive action against competitors 
B)  cut costs below the competition 
C)  increase market diversification 
D)  anticipate competitor actions 
E)  assess the intellectual capital of competitors' managers and employees

Question 4

Competitor intelligence becomes illegal corporate spying when it involves the theft of proprietary materials or trade secrets by any means.

Accepted Answer

A) True 
 B)False

Question 5

Sue's boss has asked her to prepare a progress report on the upcoming exhibition. Several activities have already been completed, some are ahead of schedule, and others are behind schedule. A simple tool that Sue could use to visually present the progress report is a __________.

Accepted Answer

A)  Gantt chart 
B)  linear program 
C)  decision tree 
D)  PERT network 
E)  forecast matrix 
A)  Gantt chart 
B)  linear program 
C)  decision tree 
D)  PERT network 
E)  forecast matrix

Question 6

Refer to the scenario below to answer the following questions.
Breakeven Analysis at MRI (Scenario)
Mike has just been hired as a sales manager at Mobile Research Inc. (MRI), makers of the popular Blueberry wireless phone. At his first management briefing, Mike is informed that the company is losing money, despite the immense popularity of the Blueberry phone. He learns that the company is facing intense competition from its main rival, Mandarin Communications, makers of the M-Phone. The M-Phone has the same popular features as the Blueberry and sells for $40 less. When Mike asked about the cost structure for the Blueberry he was informed that the selling price is $200, variable costs are $120, and total fixed costs are $800,000 per month.
-The following month, Mandarin reduced the selling price of the M-Phone to $140. If MRI decides to match this new selling price, how many Blueberry phones will it need to sell in order to break even?

Accepted Answer

A)  24,000 
B)  32,000 
C)  40,000 
D)  48,000 
E)  60,000 
A)  24,000 
B)  32,000 
C)  40,000 
D)  48,000 
E)  60,000

Question 7

Environmental scanning establishes the basis for __________.

Accepted Answer

A)  project management 
B)  forecasting 
C)  reengineering 
D)  budgeting 
E)  performance management systems 
A)  project management 
B)  forecasting 
C)  reengineering 
D)  budgeting 
E)  performance management systems

Question 8

The goal of forecasting is to provide managers with __________.

Accepted Answer

A)  accurate predictions of trends and events 
B)  decisions about what customers will be demanding and when 
C)  information about the dynamics of environmental change 
D)  information that will facilitate decision making 
E)  accurate predictions in dynamic environments 
A)  accurate predictions of trends and events 
B)  decisions about what customers will be demanding and when 
C)  information about the dynamics of environmental change 
D)  information that will facilitate decision making 
E)  accurate predictions in dynamic environments

Question 9

Which of the following is good advice for improving budgeting?

Accepted Answer

A)  Remember that budgets are not tools. 
B)  Let budgets drive goals. 
C)  Coordinate budgeting throughout the organization. 
D)  Do not use budgeting planning software. 
E)  Remember that profits result from budgets. 
A)  Remember that budgets are not tools. 
B)  Let budgets drive goals. 
C)  Coordinate budgeting throughout the organization. 
D)  Do not use budgeting planning software. 
E)  Remember that profits result from budgets.

Question 10

The role of project manager remains difficult because she or he is managing people who __________.

Accepted Answer

A)  will make mistakes during the project 
B)  might be absent from work on the day of an important presentation 
C)  are not skilled enough to participate in the project 
D)  are still linked to their permanent work areas 
E)  are not motivated to complete the project 
A)  will make mistakes during the project 
B)  might be absent from work on the day of an important presentation 
C)  are not skilled enough to participate in the project 
D)  are still linked to their permanent work areas 
E)  are not motivated to complete the project

In a PERT network, __________ is the amount of time an individual activity can be delayed without delaying the whole project.

Research has shown that companies with advanced environmental scanning systems have increased their profits and revenue growth.

Competitor intelligence allows managers to do which of the following?

Competitor intelligence becomes illegal corporate spying when it involves the theft of proprietary materials or trade secrets by any means.

Sue's boss has asked her to prepare a progress report on the upcoming exhibition. Several activities have already been completed, some are ahead of schedule, and others are behind schedule. A simple tool that Sue could use to visually present the progress report is a __________.

Environmental scanning establishes the basis for __________.

The goal of forecasting is to provide managers with __________.

Which of the following is good advice for improving budgeting?

The role of project manager remains difficult because she or he is managing people who __________.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing in a Global Environment

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Organizational Design

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Management History

Managing Operations

Filters

Exam 18: Planning and Control Techniques

In a PERT network, __________ is the amount of time an individual activity can be delayed without delaying the whole project.

Research has shown that companies with advanced environmental scanning systems have increased their profits and revenue growth.

Competitor intelligence allows managers to do which of the following?

Competitor intelligence becomes illegal corporate spying when it involves the theft of proprietary materials or trade secrets by any means.

Sue's boss has asked her to prepare a progress report on the upcoming exhibition. Several activities have already been completed, some are ahead of schedule, and others are behind schedule. A simple tool that Sue could use to visually present the progress report is a __________.

Environmental scanning establishes the basis for __________.

The goal of forecasting is to provide managers with __________.

Which of the following is good advice for improving budgeting?

The role of project manager remains difficult because she or he is managing people who __________.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing in a Global Environment

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Organizational Design

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Management History

Managing Operations

Filters