Multiple Choice Identify the choice that best completes the
statement or answers the question.
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1.
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Which of the following is NOT a criterion for effective goals?
a. | specific and measurable | b. | cover key result areas | c. | challenging but not
unreasonably difficult | d. | linked to rewards | e. | undefined time
period |
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2.
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Organizational policies, rules, and procedures are examples of _____
plans.
a. | standing | b. | strategic | c. | single-use | d. | contingency | e. | event-driven |
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3.
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Which of the following is NOT one of the five forces affecting industry
competition as defined by Michael E. Porter?
a. | potential new entrants into the market | b. | bargaining power of buyers | c. | threat of inferior
products | d. | bargaining power of suppliers | e. | rivalry among
competitors |
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4.
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The four levels of goals and plans (from top to bottom) are:
a. | Mission Statement, Strategic Goals/Plans, Tactical Goals/Plans, Operational
Goals/Plans | b. | Mission Statement, Tactical Goals/Plans, Strategic Goals/Plans, Operational
Goals/Plans | c. | Mission Statement, Operational Goals/Plans, Tactical Goals/Plans, Strategic
Goals/Plans | d. | Strategic Goals/Plans, Mission Statement, Tactical Goals/Plans, Operational
Goals/Plans | e. | Tactical Goals/Plans, Mission Statement, Strategic Goals/Plans, Operational
Goals/Plans |
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5.
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A source of motivation and commitment is one purpose of a(n)
a. | new factory and new product | b. | new president and new
policies | c. | managerial change and refocus | d. | new product and profit | e. | plan and
goal |
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6.
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Broad statements of where the organization wants to be in the future, pertaining
to the organization as a whole rather than to specific divisions or departments are known as:
a. | Investment plans | b. | Target market analysis | c. | Analyst
reports | d. | Strategic goals | e. | Shareholder
reports |
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7.
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Plans that help to execute major strategic plans and to accomplish a specific
part of the company’s strategy are known as ___________.
a. | strategic goals | b. | organizational plans | c. | mission
plans | d. | tactical goals | e. | tactical plans |
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8.
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Plans that are developed at the organization’s lower levels that specify
action steps toward achieving operational goals and that support tactical planning activities are
known as ___________.
a. | strategic goals | b. | organizational plans | c. | operational
plans | d. | operational goals | e. | tactical plans |
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9.
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Effective goals should be:
a. | specific and measurable | b. | challenging but realistic | c. | linked to
rewards | d. | all of the above | e. | none of the
above |
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10.
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Some problems associated with Management By Objectives (MBO) include:
a. | Constant change prevents MBO from taking hold | b. | Strategic goals may
be displaced by operational goals | c. | Goals not linked to rewards | d. | A and
B | e. | B and C |
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11.
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Plans developed to achieve a set of goals unlikely to be repeated in the future
are known as:
a. | Operational plans | b. | Single-use plans | c. | Annual
plans | d. | Strategic plans | e. | Expansion plans |
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12.
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The act of looking at trends and discontinuities and imagining possible
alternative futures to build a framework within which unexpected future events can be managed is
known as:
a. | Alternative exploring | b. | Scenario building | c. | Annual
planning | d. | Creating standing plans | e. | Resource
planning |
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13.
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Ambitious goals that are so clear, compelling and imaginative that they fire up
employees and engender excellence are known as:
a. | Situational goals | b. | Preparation goals | c. | Stretch
goals | d. | Prevention goals | e. | Organizational
goals |
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14.
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A group of managers and employees who develop a strategic plan is known as
a:
a. | Planning task force | b. | Preparation task force | c. | Mission task
force | d. | Divisional task force | e. | Organizational task
force |
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15.
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The set of decisions and actions used to formulate and implement strategies that
will provide a competitively superior fit between the organization and its environment so as to
achieve organizational goals is known as:
a. | Planning | b. | Preparation | c. | Management | d. | Strategic management | e. | Strategic
planning |
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16.
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What sets the organization apart from others and provides it with a distinctive
edge for meeting customer needs in the marketplace is known as:
a. | Strategic advantage | b. | Organizational advantage | c. | Competitive
advantage | d. | Strategic management | e. | Strategic
differentiation |
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17.
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Organizational parts interacting to produce a joint effect that is greater than
the sum of the parts acting alone is known as:
a. | Strategic advantage | b. | Synergy | c. | Strategy in
action | d. | Core competence | e. | Strategic
differentiation |
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