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Business Principles

Chapter 7 Management Questions

QuestionAnswer
Through realistic assessments of current and future conditions, planning helps a company: a. turn vision into action. b. all of these answers are correct. c. avoid costly mistakes. d. take advantage of opportunities. ALL ARE CORRECT
The most far-reaching plans that determine the long-range focus and activities of the strategic plans.
Plans that that guide current and near-term activities, including implementing long-range plans, are known as: tactical plans
The type of plans that establish the primary objectives of an organization and allocate resources accordingly are known as: strategic plans.
Detailed standards that guide implementation of plans and the selection of specific work targets are articulated in: operational plans.
The five steps in the decision making process are: 1. Recognition of a problem or opportunity. 2. Development of alternative courses of action. 3. Evaluation of alternatives. 4. Selection and implementation of chose alternative. 5. Follow-up to determine effectiveness of decision
Define and explain the six steps in the strategic planning process. 1 .Define the org’s mission: 2. Assess the organization’s competitive position: 3.Set objectives for the organization: 4.Creating strategies for competitive differentiation: 5.Develop an action plan: 6.Monitoring & adapting strategic plans:
The process of anticipating future events and conditions and determining the courses of action for achieving organizational objectives is: conceptual skills.
Knowing a computer program or how to maintain a machine are examples of: technical skills.
Inspiring trust, being a good communicator, and showing empathy with others are examples of: human skills.
In order to do the long-range planning that involves the entire organization, top managers need to have developed: conceptual skills
The obligation to perform an assigned task is known as: responsibility.
Which of the following is an advantage of a committee organization? decisions reflect diverse perspectives because of representation from many areas of an organization.
In a large firm, a major drawback of the line organization is: d. each manager has responsibility in areas in which they may not be experts.
Which of the following is a major advantage of a line organization? the chain of command is simple and clear.
When employees take on a new responsibility: a. they agree to be obligated to complete the task. b. they need adequate authority to complete the task. c. they are held accountable for the results, as are their supervisors. d. all of these answers are correct. ALL ARE CORRECT
Which of the following is an advantage of a matrix organization? flexibility and quick adaptability.
SWOT analysis requires management to consider: strengths and weaknesses, opportunities and threats.
Staff departments: lend specialized technical support to line departments
A manager’s span of control is also known as: span of management.
Created by: tiffanie1719