Question 1

A(n) ___ oriented manager ensures that all resources are used to the best interest and benefit.

Accepted Answer

A)  result 
B)  change 
C)  relation 
D)  priority 
E)  advantage 
A)  result 
B)  change 
C)  relation 
D)  priority 
E)  advantage

Question 2

Which of the following functional plans deal with work methods and technologies?

Accepted Answer

A)  human resource plans 
B)  marketing plans 
C)  facilities plans 
D)  financial plans 
E)  production plans 
A)  human resource plans 
B)  marketing plans 
C)  facilities plans 
D)  financial plans 
E)  production plans

Question 3

Internal benchmarking encourages members and work units to learn from competitors and non-competitors alike.

Accepted Answer

A) True 
 B)False

Question 4

Without planning, control lacks objectives and standards for measuring how well things are going and what could be done to make them go better.

Accepted Answer

A) True 
 B)False

Question 5

Planning helps managers and organizations to stay ahead of the competition by creating a performance-oriented sense of direction, making sure the most important things get attention first, ensuring that all resources are used to best advantage, and anticipating problems and opportunities so they can be dealt with in the best way.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following functional plans deal with building a talented workforce?

Accepted Answer

A)  human resource plans 
B)  logistics plans 
C)  marketing plans 
D)  production plans 
E)  facilities plans 
A)  human resource plans 
B)  logistics plans 
C)  marketing plans 
D)  production plans 
E)  facilities plans

Question 7

Scenario planning helps Royal Dutch/Shell make major adjustments in strategies and operations and to be better prepared than competitors for future shocks.

Accepted Answer

A) True 
 B)False

Question 8

Procedures set broad guidelines for making decisions and taking action in specific circumstances.

Accepted Answer

A) True 
 B)False

Question 9

Functional plans dealing with money and capital investments are called ___ plans.

Accepted Answer

A)  marketing 
B)  logistics 
C)  financial 
D)  human resource 
E)  facilities 
A)  marketing 
B)  logistics 
C)  financial 
D)  human resource 
E)  facilities

Question 10

Javier and his team of engineers have gone through the blueprint of a new commercial complex and have underlined major issues that could crop up when work starts at the site. They have also thought of possible fixes to the issues. This is an example of ___.

Accepted Answer

A)  benchmarking 
B)  operational planning 
C)  functional planning 
D)  tactical planning 
E)  contingency planning 
A)  benchmarking 
B)  operational planning 
C)  functional planning 
D)  tactical planning 
E)  contingency planning

Question 11

Which of the following statements accurately describe planning time horizons?

Accepted Answer

A)  Short-range plans cover one year or less into the future. 
B)  Intermediate-range plans cover a time frame of one to two years into the future. 
C)  Long-range plans cover a time frame of three or more years into the future. 
D)  all of the above 
E)  none of the above 
A)  Short-range plans cover one year or less into the future. 
B)  Intermediate-range plans cover a time frame of one to two years into the future. 
C)  Long-range plans cover a time frame of three or more years into the future. 
D)  all of the above 
E)  none of the above

Question 12

Sujata works for RLB financial services, a mortgage company. The company has opened a new branch in a developing country and Sujata has been assigned the task of identifying all kinds of risks the company might face in that country. She identifies several possible events such as political unrest, ethnic riots, and natural calamities that would endanger the business continuity of the organization. She makes plans to deal with each of these events. Sujata is involved in the process of ___.

Accepted Answer

A)  scenario planning 
B)  performance appraisal 
C)  contingency planning 
D)  benchmarking 
E)  zero-based budgeting 
A)  scenario planning 
B)  performance appraisal 
C)  contingency planning 
D)  benchmarking 
E)  zero-based budgeting

Question 13

Strategic planning begins with ___.

Accepted Answer

A)  tactical planning 
B)  vision 
C)  time management 
D)  forecasting 
E)  none of the above 
A)  tactical planning 
B)  vision 
C)  time management 
D)  forecasting 
E)  none of the above

Question 14

A ___ budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Accepted Answer

A)  fixed 
B)  flexible 
C)  zero-based 
D)  contingency 
E)  comprehensive 
A)  fixed 
B)  flexible 
C)  zero-based 
D)  contingency 
E)  comprehensive

Question 15

Although planning focuses attention on defining and setting objectives, it doesn't concern itself with implementation of those objectives.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements describes the benefits of planning accurately?

Accepted Answer

A)  Planning improves action orientation. 
B)  Planning improves coordination. 
C)  Planning improves time management. 
D)  a and b 
E)  a, b, and c 
A)  Planning improves action orientation. 
B)  Planning improves coordination. 
C)  Planning improves time management. 
D)  a and b 
E)  a, b, and c

Question 17

Which of the following management functions deals with the allocation and arrangement of resources to accomplish tasks?

Accepted Answer

A)  planning 
B)  leading 
C)  organizing 
D)  controlling 
E)  directing 
A)  planning 
B)  leading 
C)  organizing 
D)  controlling 
E)  directing

Question 18

Without planning, controlling lacks the follow-through needed to ensure that things work as planned.

Accepted Answer

A) True 
 B)False

Question 19

Describe the types of plans used by managers.

Accepted Answer

short-range plans cover 1 year or less,

Question 20

Which of the following statements about flexibility is/are correct?

Accepted Answer

A)  An organization with flexibility is willing and able to change and adapt. 
B)  An organization with flexibility operates with an orientation toward the future. 
C)  An individual with flexibility adjusts career plans to fit new and developing opportunities. 
D)  all of the above 
E)  none of the above 
A)  An organization with flexibility is willing and able to change and adapt. 
B)  An organization with flexibility operates with an orientation toward the future. 
C)  An individual with flexibility adjusts career plans to fit new and developing opportunities. 
D)  all of the above 
E)  none of the above

A(n) ___ oriented manager ensures that all resources are used to the best interest and benefit.

Which of the following functional plans deal with work methods and technologies?

Internal benchmarking encourages members and work units to learn from competitors and non-competitors alike.

Without planning, control lacks objectives and standards for measuring how well things are going and what could be done to make them go better.

Which of the following functional plans deal with building a talented workforce?

Scenario planning helps Royal Dutch/Shell make major adjustments in strategies and operations and to be better prepared than competitors for future shocks.

Procedures set broad guidelines for making decisions and taking action in specific circumstances.

Functional plans dealing with money and capital investments are called ___ plans.

Javier and his team of engineers have gone through the blueprint of a new commercial complex and have underlined major issues that could crop up when work starts at the site. They have also thought of possible fixes to the issues. This is an example of ___.

Which of the following statements accurately describe planning time horizons?

Strategic planning begins with ___.

A ___ budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Although planning focuses attention on defining and setting objectives, it doesn't concern itself with implementation of those objectives.

Which of the following statements describes the benefits of planning accurately?

Which of the following management functions deals with the allocation and arrangement of resources to accomplish tasks?

Without planning, controlling lacks the follow-through needed to ensure that things work as planned.

Describe the types of plans used by managers.

Which of the following statements about flexibility is/are correct?

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Operations and Services Management

Filters

Exam 8: Planning Processes and Techniques

A(n) ___ oriented manager ensures that all resources are used to the best interest and benefit.

Which of the following functional plans deal with work methods and technologies?

Internal benchmarking encourages members and work units to learn from competitors and non-competitors alike.

Without planning, control lacks objectives and standards for measuring how well things are going and what could be done to make them go better.

Which of the following functional plans deal with building a talented workforce?

Scenario planning helps Royal Dutch/Shell make major adjustments in strategies and operations and to be better prepared than competitors for future shocks.

Procedures set broad guidelines for making decisions and taking action in specific circumstances.

Functional plans dealing with money and capital investments are called ___ plans.

Javier and his team of engineers have gone through the blueprint of a new commercial complex and have underlined major issues that could crop up when work starts at the site. They have also thought of possible fixes to the issues. This is an example of ___.

Which of the following statements accurately describe planning time horizons?

Strategic planning begins with ___.

A ___ budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Although planning focuses attention on defining and setting objectives, it doesn't concern itself with implementation of those objectives.

Which of the following statements describes the benefits of planning accurately?

Which of the following management functions deals with the allocation and arrangement of resources to accomplish tasks?

Without planning, controlling lacks the follow-through needed to ensure that things work as planned.

Describe the types of plans used by managers.

Which of the following statements about flexibility is/are correct?

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Operations and Services Management

Filters