Exam 5: Section 3: Planning and Decision Making

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Management by objectives (MBO) is a management technique often used to develop and carry out:

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D

The __________ approach to decision making is a method in which an individual or a subgroup is assigned the role of a critic.

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C

S.M.A.R.T. goals are Specific, Meaningful, Active, Reachable, and Timely.

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False

To make completely rational decisions, managers would have to operate in a perfect world with no:

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Managers can monitor___________ to track progress toward goal achievement.

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__________ occurs when managers choose an alternative that is good enough, rather than the best possiblealternative.

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Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission.

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__________can help organizations to maintain flexibility as they plan.

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Which of the following is the most specific type of standing plan?

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The first step in rational decision making is to:

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One method of weighting decision criteria uses_________, which is a process where each decision criterion is compared directly to every other criterion.

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Top management is responsible for developing long-term____________ that make clear how the company will serve customers and position itself against competitors in the next two to five years.

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