Intro Management LO2
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Last updated over 1 year ago
18 questions
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.
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.
1
Strategic planning is long-range, formulated by top management, and made as if the company operated in a vacuum
Strategic planning is long-range, formulated by top management, and made as if the company operated in a vacuum
1
The lowest level of management is engaged in strategic planning process.
The lowest level of management is engaged in strategic planning process.
1
6. The short-range, detailed planning that focuses on current operations is called functional planning.
6. The short-range, detailed planning that focuses on current operations is called functional planning.
1
A good manager is never faced with unforeseen problems.
A good manager is never faced with unforeseen problems.
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The three participative leadership styles are consultative, democratic, and socialistic.
The three participative leadership styles are consultative, democratic, and socialistic.
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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:
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:
1
6. An organization's _____ is its general purpose or reason for existence.
6. An organization's _____ is its general purpose or reason for existence.
1
_____ planning is the creation of long-range, comprehensive objectives and the development of long-term courses of action.
_____ planning is the creation of long-range, comprehensive objectives and the development of long-term courses of action.
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_____ 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.
_____ 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.
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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.
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.
1
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.
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.
1
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.
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.
1
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.
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.
1
_____ is the setting of goals and then the design of the strategies, policies, and methods for achieving the goals.
_____ is the setting of goals and then the design of the strategies, policies, and methods for achieving the goals.
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_____ planning is creating long-range, comprehensive objectives and figuring out how to achieve them.
_____ planning is creating long-range, comprehensive objectives and figuring out how to achieve them.
1
The short-range planning that details the methods of current operations and is usually done by supervisory management is called _____ planning.
The short-range planning that details the methods of current operations and is usually done by supervisory management is called _____ planning.
1
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.
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.