Exam 8: Foundations of Planning

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In informal planning, _____________ sharing of goals with others in the organization.

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Most goals are either strategic or financial.

(True/False)
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When plans are categorized as single use versus standing, they are being differentiated by _____________.

(Multiple Choice)
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The first step in the goal-setting process is to review the organization's mission.

(True/False)
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explain and discuss in detail the four reasons for planning.

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Standing plans create guidance for regularly occurring activities and events.

(True/False)
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Which of the following is a common way to classify an organization's plans?

(Multiple Choice)
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Formal planning is associated with higher profits and higher return on assets.

(True/False)
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Refer to the scenario given to answer the following questions. A-Z Goal Setting and Planning (Scenario) Organizations ABC and XYZ are both in the same industry and vie for the same set of customers in the marketplace. At ABC, goals are set at the top level of management each year and then broken into subgoals for each organizational level. Similarly, plans are developed at the top level and then reformulated and delegated to managers at the middle and lower levels. At XYZ, goals are developed at the top level, and then those managers meet with their subordinates at the next lower level to establish mutually agreeable goals. The middle managers then meet with the first-level managers to establish mutually agreeable goals. Finally, the first-level managers meet with each of their employees and establish mutually agreeable goals. Annual plans are then developed by organization members at all levels to meet their specific needs. -Which goal-setting approach is used at ABC?

(Multiple Choice)
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Which type of plan is ongoing and provides guidance for activities performed repeatedly?

(Multiple Choice)
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Directional plans have clearly defined objectives.

(True/False)
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The quality of the planning process and the appropriate implementation of the plans likely ____________.

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Management by objectives (MBO) is a management system in which specific performance goals are _______________.

(Multiple Choice)
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Effective planning in dynamic environments requires flatter organizational hierarchies.

(True/False)
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Refer to the scenario given to answer the following questions. A-Z Goal Setting and Planning (Scenario) Organizations ABC and XYZ are both in the same industry and vie for the same set of customers in the marketplace. At ABC, goals are set at the top level of management each year and then broken into subgoals for each organizational level. Similarly, plans are developed at the top level and then reformulated and delegated to managers at the middle and lower levels. At XYZ, goals are developed at the top level, and then those managers meet with their subordinates at the next lower level to establish mutually agreeable goals. The middle managers then meet with the first-level managers to establish mutually agreeable goals. Finally, the first-level managers meet with each of their employees and establish mutually agreeable goals. Annual plans are then developed by organization members at all levels to meet their specific needs. -Which organization is most likely to achieve the highest level of employee performance and organizational productivity?

(Multiple Choice)
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A well-designed goal should be _________ but _____________.

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Which of the following is identified in our textbook as a contingency factor that affects organizational planning?

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Planning establishes goals or standards that eliminate the need for controls. True False

(True/False)
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An organization is in the process of goal setting. It has finished reviewing the mission statement. What should it do next?

(Multiple Choice)
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In traditional goal setting, goals are set at the top level of management and ______________.

(Multiple Choice)
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