Question 1

Which of the following guidelines helps employees know exactly how managers will determine whether an objective has been reached?

Accepted Answer

A) Let people responsible for attaining objectives have a voice in setting them. 
B) State objectives as specifically as possible. 
C) Pinpoint expected results. 
D) Set objectives only in relation to other organizational objectives. 
E) Specify when goals are expected to be achieved. 
A) Let people responsible for attaining objectives have a voice in setting them. 
B) State objectives as specifically as possible. 
C) Pinpoint expected results. 
D) Set objectives only in relation to other organizational objectives. 
E) Specify when goals are expected to be achieved.

Question 2

________ method utilizes historical data to predict future sales levels.

Accepted Answer

A) Resource allocator 
B) Disturbance handler 
C) Salesforce estimation 
D) Regression 
E) Moving average 
A) Resource allocator 
B) Disturbance handler 
C) Salesforce estimation 
D) Regression 
E) Moving average

Question 3

Which of the following methods of sales forecasting is the most straightforward?

Accepted Answer

A) jury of executive opinion method 
B) salesforce estimation method 
C) moving average method 
D) regression method 
E) disturbance handler method 
A) jury of executive opinion method 
B) salesforce estimation method 
C) moving average method 
D) regression method 
E) disturbance handler method

Question 4

A disadvantage of planning is that it ________.

Accepted Answer

A) causes managers to focus on the future 
B) reduces organizational flexibility once plans are set 
C) requires organizational resources 
D) can take up too much managerial time 
E) involves planning for situations that may not occur 
A) causes managers to focus on the future 
B) reduces organizational flexibility once plans are set 
C) requires organizational resources 
D) can take up too much managerial time 
E) involves planning for situations that may not occur

Question 5

Describe the eight key areas in which Drucker advised managers to set management system objectives.

Accepted Answer

Managers should strive to develop and at

Question 6

Premises are the assumptions upon which alternatives to reaching organizational objectives are based.

Accepted Answer

A) True 
 B)False

Question 7

________ is the process of formulating a detailed listing of activities that must be accomplished to attain an objective,allocating the resources necessary to attain the objective,and setting up and following timetables for completing the objective.

Accepted Answer

A) Forecasting 
B) Interacting 
C) Regression 
D) Scheduling 
E) Networking 
A) Forecasting 
B) Interacting 
C) Regression 
D) Scheduling 
E) Networking

Question 8

One of the primary advantages of management by objectives (MBO)is that ________.

Accepted Answer

A) it saves time 
B) it is an easy process 
C) it gains employee commitment 
D) it reduces the volume of paper work 
E) it places the responsibility of goal attainment solely on managers 
A) it saves time 
B) it is an easy process 
C) it gains employee commitment 
D) it reduces the volume of paper work 
E) it places the responsibility of goal attainment solely on managers

Question 9

Which of the following best describes the difference between an activity and an event?

Accepted Answer

A) An activity is the completion of major project tasks,and an event focuses on the resources to be used for the task. 
B) An activity avoids describing the attainment of objectives in operational terms,whereas an event does not. 
C) Activity emphasizes the internal environment,as opposed to an event which emphasizes the external environment. 
D) An activity is a specified set of behaviors within a project,and an event is the completion of major project tasks. 
E) Activities focus on present opportunities,while events focus on potential opportunities that may not materialize. 
A) An activity is the completion of major project tasks,and an event focuses on the resources to be used for the task. 
B) An activity avoids describing the attainment of objectives in operational terms,whereas an event does not. 
C) Activity emphasizes the internal environment,as opposed to an event which emphasizes the external environment. 
D) An activity is a specified set of behaviors within a project,and an event is the completion of major project tasks. 
E) Activities focus on present opportunities,while events focus on potential opportunities that may not materialize.

Question 10

Which of the following management writers popularized management by objectives (MBO)?

Accepted Answer

A) Tom Peters 
B) Frederick Taylor 
C) Peter Drucker 
D) Abraham Maslow 
E) Henry Fayol 
A) Tom Peters 
B) Frederick Taylor 
C) Peter Drucker 
D) Abraham Maslow 
E) Henry Fayol

Question 11

A single-use financial plan that covers a specified length of time is known as a(n)________.

Accepted Answer

A) offshoot 
B) microsystem 
C) spinoff 
D) subsystem 
E) budget 
A) offshoot 
B) microsystem 
C) spinoff 
D) subsystem 
E) budget

Question 12

One of the corporate objectives of Supra Inc.is "to enrich the quality of life in the community by providing education,training,and employment opportunities." According to Drucker,this organizational objective relates to ________.

Accepted Answer

A) managerial performance and development 
B) innovation 
C) public responsibility 
D) worker performance and attitude 
E) market standing 
A) managerial performance and development 
B) innovation 
C) public responsibility 
D) worker performance and attitude 
E) market standing

Question 13

Which of the following techniques is used for scheduling resources?

Accepted Answer

A) timetable 
B) Gantt chart 
C) horizontal axis 
D) vertical axis 
E) review 
A) timetable 
B) Gantt chart 
C) horizontal axis 
D) vertical axis 
E) review

Question 14

Organizations exist for various purposes but have the same types of objectives.

Accepted Answer

A) True 
 B)False

Question 15

________ is the key to a successful planning process.

Accepted Answer

A) Classification 
B) Repetition 
C) Implementation 
D) Evaluation 
E) Standardization 
A) Classification 
B) Repetition 
C) Implementation 
D) Evaluation 
E) Standardization

Question 16

When setting objectives,managers should state objectives as specifically as possible because ________.

Accepted Answer

A) it ensures that employees have explicit directions for what they should do 
B) it ensures that employee productivity will vary according to the needs of the situation 
C) it allows employees to make inferences about what they should do to accomplish their goals 
D) it allows them to set the pace for employees' work 
E) it reduces the risk of suboptimization 
A) it ensures that employees have explicit directions for what they should do 
B) it ensures that employee productivity will vary according to the needs of the situation 
C) it allows employees to make inferences about what they should do to accomplish their goals 
D) it allows them to set the pace for employees' work 
E) it reduces the risk of suboptimization

Question 17

In order to increase the quality of their objectives,managers should ________.

Accepted Answer

A) set employees' goals as high as possible 
B) ensure that they set objectives entirely by themselves 
C) establish goals that are within easy reach 
D) let the people responsible for attaining the objectives have a voice in setting them 
E) avoid relating objectives to specific actions 
A) set employees' goals as high as possible 
B) ensure that they set objectives entirely by themselves 
C) establish goals that are within easy reach 
D) let the people responsible for attaining the objectives have a voice in setting them 
E) avoid relating objectives to specific actions

Question 18

Plaxo Industries is a large-scale manufacturer of commercial kitchen equipment.Its products are currently sold in Europe and the Middle East.Plaxo wants to foray into the Asian market,and the company's management has set a target of entering the Chinese market by 2018.This is an example of a(n)________.

Accepted Answer

A) short-term objective 
B) intermediate-term objective 
C) long-term objective 
D) medium-term objective 
E) operational objective 
A) short-term objective 
B) intermediate-term objective 
C) long-term objective 
D) medium-term objective 
E) operational objective

Question 19

In line with the organization's objectives,the sales managers at MagnaCorp must ensure that all products are sufficiently stocked so that customer orders are fulfilled and stockout situations do not arise.The operations managers,on the other hand,were instructed to lower inventory costs and hence,prefer to keep stock levels to a minimum.This situation is an example of ________.

Accepted Answer

A) management by objectives 
B) secondary objectives 
C) intermediate-term plans 
D) planning subsystems 
E) suboptimization 
A) management by objectives 
B) secondary objectives 
C) intermediate-term plans 
D) planning subsystems 
E) suboptimization

Question 20

The management by objectives (MBO)approach has been found to be ineffective for nonprofit organizations.

Accepted Answer

A) True 
 B)False

Which of the following guidelines helps employees know exactly how managers will determine whether an objective has been reached?

________ method utilizes historical data to predict future sales levels.

Which of the following methods of sales forecasting is the most straightforward?

A disadvantage of planning is that it ________.

Describe the eight key areas in which Drucker advised managers to set management system objectives.

Premises are the assumptions upon which alternatives to reaching organizational objectives are based.

________ is the process of formulating a detailed listing of activities that must be accomplished to attain an objective,allocating the resources necessary to attain the objective,and setting up and following timetables for completing the objective.

One of the primary advantages of management by objectives (MBO)is that ________.

Which of the following best describes the difference between an activity and an event?

Which of the following management writers popularized management by objectives (MBO)?

A single-use financial plan that covers a specified length of time is known as a(n)________.

One of the corporate objectives of Supra Inc.is "to enrich the quality of life in the community by providing education,training,and employment opportunities." According to Drucker,this organizational objective relates to ________.

Which of the following techniques is used for scheduling resources?

Organizations exist for various purposes but have the same types of objectives.

________ is the key to a successful planning process.

When setting objectives,managers should state objectives as specifically as possible because ________.

In order to increase the quality of their objectives,managers should ________.

The management by objectives (MBO)approach has been found to be ineffective for nonprofit organizations.

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Management and Entrepreneurship

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters

Exam 7: Principles of Planning

Which of the following guidelines helps employees know exactly how managers will determine whether an objective has been reached?

________ method utilizes historical data to predict future sales levels.

Which of the following methods of sales forecasting is the most straightforward?

A disadvantage of planning is that it ________.

Describe the eight key areas in which Drucker advised managers to set management system objectives.

Premises are the assumptions upon which alternatives to reaching organizational objectives are based.

________ is the process of formulating a detailed listing of activities that must be accomplished to attain an objective,allocating the resources necessary to attain the objective,and setting up and following timetables for completing the objective.

One of the primary advantages of management by objectives (MBO)is that ________.

Which of the following best describes the difference between an activity and an event?

Which of the following management writers popularized management by objectives (MBO)?

A single-use financial plan that covers a specified length of time is known as a(n)________.

One of the corporate objectives of Supra Inc.is "to enrich the quality of life in the community by providing education,training,and employment opportunities." According to Drucker,this organizational objective relates to ________.

Which of the following techniques is used for scheduling resources?

Organizations exist for various purposes but have the same types of objectives.

________ is the key to a successful planning process.

When setting objectives,managers should state objectives as specifically as possible because ________.

In order to increase the quality of their objectives,managers should ________.

The management by objectives (MBO)approach has been found to be ineffective for nonprofit organizations.

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Management and Entrepreneurship

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters