Exam 8: Planning Processes and Techniques

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As long as people have goals, how they are set doesn't really make much of an impact on their success or not.

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Which of the following is notone of the advantages of management by objectives (MBO)?

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___ are individuals who lead and coordinate the planning function for an organization or for one of its major components.

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Planning helps us avoid simply being carried along by the flow of events, and focuses our attention on priorities.

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Explain how participation and involvement can lead to effective management planning.

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In which step of the planning process would one know where one is placed in reaching the goals, and what strengths work in one's favour and what weaknesses may hold one back?

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Staff planners are individuals who lead and coordinate the planning function for an organization for one of its major components.

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A good performance objective should be challenging and specific but it need not be measurable or time defined.

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The link between planning and controlling begins with ___.

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Which of the following is true of "great goals?"

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Internal benchmarking refers to those things that are done by both competitors and non-competitors that enable them to achieve superior performance.

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Which of the following goals is conducive to a management by objectives (MBO) process?

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Maria, a marketing manager at Kurt Consulting, predicts a 15% drop in the sales of their premium packages. She used correlation and regression analyses of previous years' sales records to arrive at the conclusion. Maria is using ___.

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The management process involves planning, organizing, leading, and controlling the use of resources to achieve performance objectives.

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Aurelia is the owner of a boutique. She comes up with a new plan to improve the sale and distribution of the merchandise of her boutique. Which type of plan did Aurelia employ in this scenario?

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A ___ clarifies the purpose of the organization and expresses what it hopes to be in the future.

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Which of the following management functions deals with monitoring task accomplishments and taking necessary corrective action?

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Plans that define what needs to be done in specific functions or work units in order to implement strategic plans and achieve strategic objectives are called ___.

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Which of the following is a single-use plan?

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A zero-based budget allows the allocation of resources to vary in proportion with various levels of activity.

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