Question 1

Palin Corp., an American company, is trying to decide whether to open its first international branch in Europe or Asia. The managers of the company are operating under a condition of

Accepted Answer

A)   goal displacement.
B)   illusion of control.
C)   social reality.
D)   uncertainty.
E)   maximization.F) All of the above
G) C) and E)

Question 2

Describe a monitoring plan used to evaluate the actual performance of a work unit.

Accepted Answer

Answers will vary, but should ...

Question 3

Kaplan Corp. is evaluating the purchase of a small firm, Pahl Inc., which manufactures ornamental gadgets, products involving advanced technology. These products are expected to revolutionize the home construction industry. Pahl has only a minor share of this growing market, but the market is expected to grow rapidly. In which of the following categories of business in the BCG matrix would this firm be placed?

Accepted Answer

A)   cash cows
B)   stars
C)   spinoffs
D)   question marks
E)   dogsF) B) and C)
G) A) and E)

Question 4

Describe low-cost and differentiation strategies, and how a business can achieve competitive advantage with either of them.

Accepted Answer

Businesses using a low-cost strategy try...

Question 5

To be effective, an organization's strategic plans should focus on

Accepted Answer

A)   goals that are different from those of its tactical plans and operational plans.
B)   goals that are different from those of its tactical plans yet the same as the operational plans.
C)   goals that are aligned with its tactical plans and operational plans.
D)   goals that are aligned with its tactical plans yet different from the operational plans.
E)   goals that are strategic yet differ from the operational plans.F) C) and E)
G) A) and B)

Question 6

The _____ step in the formal planning process, monitoring and controlling performance, identifies the priorities and trade-offs among the goals and plans.

Accepted Answer

A)   second
B)   third
C)   fourth
D)   fifth
E)   sixthF) None of the above
G) A) and B)

Question 7

In the context of Decision 3, if the authorities select the first few candidates who meet the minimum requirements without examining every candidate's file to see if anyone else has better qualifications, they are adopting the method of

Accepted Answer

A)   maximization.
B)   satisficing.
C)   optimizing.
D)   constraint.
E)   constructive conflict.F) None of the above
G) A) and B)

Question 8

In which step of the planning process do managers identify the priorities and trade-offs among goals and plans?

Accepted Answer

A)   evaluation of goals and plans
B)   selection of goals and plans
C)   implementation of goals and plans
D)   monitoring of goals and plans
E)   generating alternative goals and plansF) A) and C)
G) A) and D)

Question 9

Making decisions about an organization's short-term goals and tactics is known as strategic planning.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following questions is related to strategic planning?

Accepted Answer

A)   How many employees should be hired for the cafeteria this month?
B)   How can the visibility of their marketing campaign be increased?
C)   How can the biggest trucks in the business be scheduled for next week?
D)   Should the company allow employees to work from home?
E)   Should the company expand into a new region in the next ten years?F) A) and E)
G) B) and C)

Question 11

In the context of the levels of planning, strategic goals are

Accepted Answer

A)   the major targets that relate to the long-term survival of an organization.
B)   specific to a functional area in an organization.
C)   driven by operational plans.
D)   focused on the major actions a unit must take.
E)   the procedures and processes to get day-to-day work done.F) C) and D)
G) B) and E)

Question 12

In the context of formal decision making, which of the following is indicated by negative feedback?

Accepted Answer

A)   Too much time has been dedicated in implementing the decision.
B)   Implementation of the decision may need more resources.
C)   The decision has been made under undue pressure from top management.
D)   The problem has been incorrectly diagnosed.
E)   The decision has been unfairly beaten down by competitors.F) A) and C)
G) A) and E)

Question 13

To be effective, goals should have certain qualities, which can be recalled through the use of the acronym SMART.

Accepted Answer

Goals are the targets or ends ...

Question 14

Decision 4 is an example of a _____ decision.

Accepted Answer

A)   programmed
B)   nonprogrammed
C)   trivial
D)   certain
E)   risk-freeF) C) and E)
G) A) and B)

Question 15

Managers who use the method of optimizing to make their decisions will attempt to choose

Accepted Answer

A)   the first minimally acceptable alternative.
B)   from those alternatives that have known results.
C)   the least expensive alternative.
D)   the alternative that produces the least conflict.
E)   an alternative that achieves the best possible balance among several goals.F) D) and E)
G) All of the above

Question 16

In the context of making decisions in a group, when a strong leader makes his or her preferences clear, and the result is the same as it would have been if the leader had made the decision alone, it leads to a situation known as

Accepted Answer

A)   groupthink.
B)   satisficing.
C)   domination.
D)   brainstorming.
E)   goal displacement.F) All of the above
G) C) and D)

Question 17

Which of the following is true of brainstorming?

Accepted Answer

A)   A group is encouraged to say anything that comes to mind, except to criticize other people.
B)   A time pressure is necessary to enhance creativity.
C)   Total and consistent agreement among group members can be useful.
D)   Innovative ideas must lead to immediate payoffs.
E)   A task-related conflict cannot hurt performance.F) B) and D)
G) B) and C)

Question 18

A _______ plan is one that focuses on ongoing activities designed to achieve an enduring set of goals.

Accepted Answer

A)   start-up
B)   single-use
C)   standing
D)   contingency
E)   subjectF) A) and C)
G) A) and B)

Question 19

An advantage of using a group for decision making is that disagreements are unlikely to happen, and this phenomenon is called groupthink.

Accepted Answer

A) True 
 B)False

Question 20

______ planning is the process of identifying the specific procedures and processes required at lower levels of an organization.

Accepted Answer

A)   Strategic
B)   Operational
C)   Tactical
D)   Contingency
E)   AcquisitionF) A) and E)
G) C) and E)

Exam 5: Planning and Decision Making

Palin Corp., an American company, is trying to decide whether to open its first international branch in Europe or Asia. The managers of the company are operating under a condition of

Correct Answer
verified

To be effective, an organization's strategic plans should focus on

Correct Answer
verified

Describe a monitoring plan used to evaluate the actual performance of a work unit.

Correct Answer
verified
Answers will vary, but should ...
View Answer

Which of the following questions is related to strategic planning?

Correct Answer
verified

Which of the following is true of brainstorming?

Correct Answer
verified

The _____ step in the formal planning process, monitoring and controlling performance, identifies the priorities and trade-offs among the goals and plans.

Correct Answer
verified

Describe low-cost and differentiation strategies, and how a business can achieve competitive advantage with either of them.

Correct Answer
verified
Businesses using a low-cost strategy try...
View Answer

Decision 4 is an example of a _____ decision.

Correct Answer
verified

______ planning is the process of identifying the specific procedures and processes required at lower levels of an organization.

Correct Answer
verified

Correct Answer
verified

In the context of formal decision making, which of the following is indicated by negative feedback?

Correct Answer
verified

In which step of the planning process do managers identify the priorities and trade-offs among goals and plans?

Correct Answer
verified

In the context of the levels of planning, strategic goals are

Correct Answer
verified

To be effective, goals should have certain qualities, which can be recalled through the use of the acronym SMART.

Correct Answer
verified
Goals are the targets or ends ...
View Answer

Making decisions about an organization's short-term goals and tactics is known as strategic planning.

Correct Answer
verified

In the context of making decisions in a group, when a strong leader makes his or her preferences clear, and the result is the same as it would have been if the leader had made the decision alone, it leads to a situation known as

Correct Answer
verified

In the context of Decision 3, if the authorities select the first few candidates who meet the minimum requirements without examining every candidate's file to see if anyone else has better qualifications, they are adopting the method of

Correct Answer
verified

An advantage of using a group for decision making is that disagreements are unlikely to happen, and this phenomenon is called groupthink.

Correct Answer
verified

Managers who use the method of optimizing to make their decisions will attempt to choose

Correct Answer
verified

A _______ plan is one that focuses on ongoing activities designed to achieve an enduring set of goals.

Correct Answer
verified

Exam 5: Planning and Decision Making

Palin Corp., an American company, is trying to decide whether to open its first international branch in Europe or Asia. The managers of the company are operating under a condition of

Correct AnswerverifiedShow Answer

To be effective, an organization's strategic plans should focus on

Correct AnswerverifiedShow Answer

Describe a monitoring plan used to evaluate the actual performance of a work unit.

Correct AnswerverifiedAnswers will vary, but should ...View AnswerShow Answer

Which of the following questions is related to strategic planning?

Correct AnswerverifiedShow Answer

Which of the following is true of brainstorming?

Correct AnswerverifiedShow Answer

The _____ step in the formal planning process, monitoring and controlling performance, identifies the priorities and trade-offs among the goals and plans.

Correct AnswerverifiedShow Answer

Describe low-cost and differentiation strategies, and how a business can achieve competitive advantage with either of them.

Correct AnswerverifiedBusinesses using a low-cost strategy try...View AnswerShow Answer

Decision 4 is an example of a _____ decision.

Correct AnswerverifiedShow Answer

______ planning is the process of identifying the specific procedures and processes required at lower levels of an organization.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In the context of formal decision making, which of the following is indicated by negative feedback?

Correct AnswerverifiedShow Answer

In which step of the planning process do managers identify the priorities and trade-offs among goals and plans?

Correct AnswerverifiedShow Answer

In the context of the levels of planning, strategic goals are

Correct AnswerverifiedShow Answer

To be effective, goals should have certain qualities, which can be recalled through the use of the acronym SMART.

Correct AnswerverifiedGoals are the targets or ends ...View AnswerShow Answer

Making decisions about an organization's short-term goals and tactics is known as strategic planning.

Correct AnswerverifiedShow Answer

In the context of making decisions in a group, when a strong leader makes his or her preferences clear, and the result is the same as it would have been if the leader had made the decision alone, it leads to a situation known as

Correct AnswerverifiedShow Answer

In the context of Decision 3, if the authorities select the first few candidates who meet the minimum requirements without examining every candidate's file to see if anyone else has better qualifications, they are adopting the method of

Correct AnswerverifiedShow Answer

An advantage of using a group for decision making is that disagreements are unlikely to happen, and this phenomenon is called groupthink.

Correct AnswerverifiedShow Answer

Managers who use the method of optimizing to make their decisions will attempt to choose

Correct AnswerverifiedShow Answer

A _______ plan is one that focuses on ongoing activities designed to achieve an enduring set of goals.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Answers will vary, but should ...
View Answer

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Businesses using a low-cost strategy try...
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Correct Answer
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Goals are the targets or ends ...
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Correct Answer
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