Sign up for FREE

Intro Management LO2

Last updated over 1 year ago

18 questions

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Question 1

1.

Planning is the process of deciding what needs to be done to achieve organizational objectives; identifying when and how it will be done, and determining by whom it should be done.

True

False

Question 2

2.

Strategic planning is long-range, formulated by top management, and made as if the company operated in a vacuum

True

False

Question 3

3.

The lowest level of management is engaged in strategic planning process.

True

False

Question 4

4.

6. The short-range, detailed planning that focuses on current operations is called functional planning.

True

False

Question 5

5.

A good manager is never faced with unforeseen problems.

True

False

Question 6

6.

The three participative leadership styles are consultative, democratic, and socialistic.

True

False

Question 7

7.

Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. It promises to make the nation's water and sewerage system run as efficiently and profitably as the one it operates in Manila. The development, maintenance, and allocation of resources to achieve its goal will require:

processing

organizing

leadership

planning

controlling

Question 8

8.

6. An organization's _____ is its general purpose or reason for existence.

concept

mission

tactic

business technique

corporate culture

Question 9

9.

_____ planning is the creation of long-range, comprehensive objectives and the development of long-term courses of action.

Tactical

Strategic

Operational

Supervisory

Functional

Question 10

10.

_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is less than one year long.

Tactical

Strategic

Operational

Supervisory

Functional

Question 11

11.

The world’s largest bank, Deutsche Bank, set as its objective to make its brand name as recognizable in the United States as FedEx and Visa are over the next ten years. The implementation of this long-range plan would require _____ planning.

Strategic

Tactical

Operational

Contingency

Question 12

12.

After the World Cup soccer games, Puma, the German sporting goods manufacturer, increased its end-of-year sales target by $641 million. Puma developed _____ plans with a goal that extra sales would come from new product categories the company was introducing, sale of soccer equipment, and consolidation of several subsidiaries.

functional

tactical

procedural

supervisory

autocratic

Question 13

13.

Dean Jager is the supervisory manager of the volunteer staff at the Booth Western Art Museum. He makes the daily work assignments, determines work schedules, and makes sure the museum uses all its volunteer staff efficiently. Jager is involved in _____ planning.

strategic 

hands-on 

functional 

operational 

procedural 

Question 14

14.

Management needs to be prepared to deal with problems and seize opportunities as they arise. A company often identifies alternative courses of action to be taken if events undercut a strategic or tactical plan. These are called _____ plans.

functional

participative

procedural

technical

contingency

Question 15

15.

_____ is the setting of goals and then the design of the strategies, policies, and methods for achieving the goals.

Question 16

16.

_____ planning is creating long-range, comprehensive objectives and figuring out how to achieve them.

Question 17

17.

The short-range planning that details the methods of current operations and is usually done by supervisory management is called _____ planning.

Question 18

18.

Bob is a sales manager, he has a regular travel and expense budget, BUT If sales for the quarter drop by 10 percent or more, there will be an automatic cut in managers' travel and expense budgets. This type of change in a tactical plan is called a _____ plan.