Question 1

A firm has a formal, written guide regarding its zero-tolerance attitude towards sexual harassment and the consequences of its violation. By definition, this is a _____ of the firm.

Accepted Answer

A)  standing plan 
B)  mission statement 
C)  policy 
D)  rule 
E)  norm

Question 2

Employees tend to be motivated and perform better if they are taken in by the vision of the top managers of their organizations. It therefore becomes essentials for top managers to develop a strong sense of _____.

Accepted Answer

A)  goal orientation 
B)  strategic leadership 
C)  strategy formulation 
D)  business planning 
E)  organizational affluence

Question 3

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

Accepted Answer

A) True 
 B)False

Question 4

A winery decides to manufacture its own packaging bottles instead of purchasing them from a bottle manufacturing company to reduces costs. The winery is employing a forward vertical integration strategy.

Accepted Answer

A) True 
 B)False

Question 5

A written set of instructions that describes the series of actions that a manager should take in a specific situation is called the standing operation procedure (SOP) of an organization.

Accepted Answer

A) True 
 B)False

Question 6

List and briefly explain the different corporate-level strategies.

Accepted Answer

The answer of List and briefly explain the different corporate-level...

Question 7

A specific action plan created to complete various aspects of a program is called a project.

Accepted Answer

A) True 
 B)False

Question 8

A group of managers analyze both, the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment. What type of analysis is this?

Accepted Answer

A)  Mission analysis 
B)  SWOT analysis 
C)  Functional analysis 
D)  Diversification analysis 
E)  Competition analysis

Question 9

Though a company's netbook prices are higher than other netbooks with the same configuration, the company offers features that are exclusive only to its netbooks. The company is following a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 10

Most electronic goods have the option of changing the operating language. This done by manufacturers so that the same electronic device can be supplied and marketed around the world. The manufacturers in this case are applying a(n) _____.

Accepted Answer

A)  focused-differentiation strategy 
B)  global strategy 
C)  related diversification strategy 
D)  multidomestic strategy 
E)  unrelated diversification strategy

Question 11

According to Henri Fayol, continuity means that planning is an ongoing process in which managers build and refine previous plans and continually modify plans at all levels so they fit together into one broad framework.

Accepted Answer

A) True 
 B)False

Question 12

A beverage manufacturer enters the snack food business with the purchase of a popular potato chip company. This is an example of diversification.

Accepted Answer

A) True 
 B)False

Exam 8: The Manager As a Planner and a Strategist

A firm has a formal, written guide regarding its zero-tolerance attitude towards sexual harassment and the consequences of its violation. By definition, this is a _____ of the firm.

Employees tend to be motivated and perform better if they are taken in by the vision of the top managers of their organizations. It therefore becomes essentials for top managers to develop a strong sense of _____.

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

A winery decides to manufacture its own packaging bottles instead of purchasing them from a bottle manufacturing company to reduces costs. The winery is employing a forward vertical integration strategy.

A written set of instructions that describes the series of actions that a manager should take in a specific situation is called the standing operation procedure (SOP) of an organization.

List and briefly explain the different corporate-level strategies.

A specific action plan created to complete various aspects of a program is called a project.

A group of managers analyze both, the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment. What type of analysis is this?

Though a company's netbook prices are higher than other netbooks with the same configuration, the company offers features that are exclusive only to its netbooks. The company is following a differentiation strategy.

Most electronic goods have the option of changing the operating language. This done by manufacturers so that the same electronic device can be supplied and marketed around the world. The manufacturers in this case are applying a(n) _____.

According to Henri Fayol, continuity means that planning is an ongoing process in which managers build and refine previous plans and continually modify plans at all levels so they fit together into one broad framework.

A beverage manufacturer enters the snack food business with the purchase of a popular potato chip company. This is an example of diversification.