Exam 8: Foundations of Planning

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Which of the following is one of the elements of a management by objectives (MBO)program?

(Multiple Choice)
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________ plans are plans that are clearly defined and leave no room for interpretation.

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Strategic goals focus exclusively on the financial performance of the organization.

(True/False)
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Planning is concerned with how objectives are to be accomplished,not what is to be accomplished.

(True/False)
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Which of the following is one of the reasons why managers should plan?

(Multiple Choice)
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In a short essay,list the three planning contingency factors that influence the choice of plans and illustrate how these factors influence planning.

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Planning provides direction to managers and nonmanagers alike.

(True/False)
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Which of the following factors has contributed to the decline in the number of years used to define short-term and long-term plans?

(Multiple Choice)
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Discuss the impact of planning on organizational performance.

(Essay)
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What plans are preferable when uncertainty is high in the business environment?

(Multiple Choice)
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Which of the following statements is true of traditional goal setting?

(Multiple Choice)
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________ involves the theft of proprietary materials or trade secrets by any means.

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When formal planning fails to lead to higher performance,which of the following is most likely to be the reason for the failure?

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Which of the following is one of the problems associated with traditional goal setting?

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Well-written goals are ________.

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The number of years used to define short-term and long-term plans has increased considerably because of the greater environmental certainty businesses have today.

(True/False)
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In a short essay,describe how managers can effectively plan when the external environment is continually changing.

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An organization is in the process of goal setting.It has finished reviewing the organization's mission.What should it do next?

(Multiple Choice)
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In ________,goals set by top managers flow down through the organization and become subgoals for each organizational area.

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Which of the following is true of the traditional approach to planning?

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