Question 1 (1 point)
Which stage of the planning process is Axis Corp. involved in if it is assessing how well alternative plans meet high-priority goals while considering the cost of each initiative and the likely investment return?
Question 1 options:
Implementing goals and plans
Selecting goals and plans
Analyzing the situation
Monitoring and controlling performance
Evaluating goals and plans
Question 2 (1 point)
Which of the following is true of the strategic goals of an organization?
Question 2 options:
Once the strategic goals have been set, the organization will automatically begin improving.
The strategic goals of an organization should be limited to top management.
Strategic goals include fostering quantity and quality of outputs as well as increasing productivity.
Setting high strategic goals eliminates the risk of failure.
In order to achieve the desired results, strategic goals must not be changed after documentation.
Question 3 (1 point)
The level of planning involving the longest time horizon, usually ranging from three to seven years, is:
Question 3 options:
operational planning.
missionary planning.
tactical planning.
departmental planning.
strategic planning.
Question 4 (1 point)
In the context of the planning process, _____ are the targets or ends the manager wants to reach.
Question 4 options:
goals
plans
scenarios
strategies
threats
Question 5 (1 point)
A plan which focuses on ongoing activities designed to achieve an enduring set of goals and may become a more permanent policy or rule is called a _____.
Question 5 options:
start-up plan
single-use plan
standing plan
contingency plan
subject plan
Question 6 (1 point)
In the context of the planning process, implementation of selected plans will be most successful when:
Question 6 options:
only senior managers participate in the planning process.
limited financial resources are made available to the manager.
they are linked to other organizational systems like budgets and rewards.
they are converted into strict rules for employees to follow.
they are projected as confidential issues concerning top management.
Question 7 (1 point)
Which of the following steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends?
Question 7 options:
Analyzing the situation
Generating alternative goals and plans
Evaluating goals and plans
Selecting goals and plans
Monitoring and controlling performance
Question 8 (1 point)
The process of translating broad strategic goals and plans into specific goals and plans relevant to a particular portion of the organization is known as:
Question 8 options:
strategic planning.
operational planning.
tactical planning.
contingency planning.
feasibility planning.
Question 9 (1 point)
The outcome of situational analysis is the:
Question 9 options:
evaluation of the merits and feasibility of a range of alternatives.
prioritization and elimination of goals.
identification and diagnosis of planning assumptions, issues, and problems.
selection of the most appropriate and feasible alternative.
proper implementation of a plan.
Question 10 (1 point)
In _____ planning, frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human resource requirements.
Question 10 options:
acquisition
feasibility
tactical
operational
strategic
Question 11 (1 point)
A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization in order to formulate strategy is known as:
Question 11 options:
BCG matrix.
SWOT analysis.
benchmarking.
diversification.
functional strategy.
Question 12 (1 point)
In the context of the planning process, which of the following statements is true of the final step that involves monitoring and controlling performance?
Question 12 options:
Monitoring and controlling performance is not as important as the other steps in the planning process.
Managers must continually monitor the performance of their work units against the unit’s goals and plans.
It is the first step taken up by managers in the planning process.
Managers need to re-start the planning process if plans are implemented improperly.
Managers consider monitoring and controlling performance as the most important step in the planning process.
Question 13 (1 point)
In which step of the planning process do managers identify the priorities and trade-offs among goals and plans?
Question 13 options:
Evaluation of goals and plans
Selection of goals and plans
Implementation of goals and plans
Monitoring of goals and plans
Generating alternative goals and plans
Question 14 (1 point)
The process of identifying the specific procedures and processes required at lower levels of the organization is known as:
Question 14 options:
strategic planning.
operational planning.
tactical planning.
contingency planning.
acquisition planning.
Question 15 (1 point)
A(n) _____ strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribution of resources among those businesses.
Question 15 options:
vertical
unrelated
uncertain
functional
corporate
