Exam 8: Planning Processes and Techniques

Janice,the chief technology officer at MB Appliances,is in the process of identifying the results she wants her company to achieve next year.She knows where she wants her company to reach and knows how far off the desired mark she will be along the way.She is most likely in the process of:

Qualitative forecasting uses expert opinions to predict the future.

After evaluating the current sales of PCs in relation to the desired sales,Cesar,the marketing manager at Benson & Bros.,generates alternative campaigns that may affect the PC's expected sales.He identifies,for each campaign,things that may help or hinder progress toward the company's objectives.Cesar is currently in which phase of the planning process?

Ryan,the supervisor at MTB Inc.,is in the process of setting certain specific goals for his team,and is deciding how his team can reach those goals.Which of the following is Ryan involved in?

________ plans deal with selling and distributing goods or services.

Without control,the process of ________ lacks the follow-through needed to ensure that things work out as intended.

For effective time management,one must become calendar-bound by letting others control one's schedule.

An)________ oriented manager ensures that all resources are used to the best interest and benefit.

Great goals include a stretch factor that moves toward real gains.

________ are developed and used to implement strategic plans.

A flexible budget allocates resources as if each budget were brand new.

________ is the process of setting objectives and determining how to accomplish them.

An)________ oriented manager makes sure the most important things get first attention.

Which of the following is true about planning?

As AMD Inc.'s original suppliers have suddenly shut down,AMD is now making plans regarding alternate suppliers to provide resources for its manufacturing plant.Such plans are referred to as ________ plans.

The purpose of benchmarking is to find out what other people and organizations are doing very well,and then plan how to incorporate these ideas into one's own operations.

Without planning,the process of ________ lacks a framework for measuring how well things are going and what could be done to improve things.

Which of the following is a standing plan?

Which of the following is an external source of organizational pressure?

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 favor and what weaknesses may hold one back?