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Mgt 3301 UHD Ch. 6 Questions And 100% Correct Answers
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Mgt 3301 UHD Ch. 6 Questions And 100% Correct AnswersWhich of the following reflects the proper sequence of the planning process? - ANSWER
Identifying the mission and major objectives; selecting or formulating strategies;
selecting the best methods to achieve the strategies
Identifying and selecting proper goals and courses of action is the process of, which is a
primary function of management. - ANSWER planning
The planning process can be challenging for managers due to _______. (Select all that
apply.) - ANSWER uncertainties in the external environment
incomplete information
bounded rationality
Failure to plan may result in which of the following? (Select all that apply.) - ANSWER
Hesitation in actions
Mistaken changes of direction
False steps
Planning, in large companies, takes place at the corporate, business and _______ levels.
- ANSWER functional
Planning is a three-step process: identifying an organization's goals, determining the
best strategies to achieve those goals, and creating an action plan for implementing
those strategies. The third step in the planning process is _______. - ANSWER choosing
the most effective way to put strategies into action
______ is the process managers use to identify and select appropriate goals and courses
of action for a company. - ANSWER Planning
, The type of plan that defines an organization's mission and goals, overall strategy, and
structure is the _______ plan. - ANSWER corporate-level
Which of the following summarizes the planning job? - ANSWER Predict what might
happen in the future in order to identify what should be done in the present.
Which of the following are reasons that almost all managers must do some kind of
planning? (Select all that apply.) - ANSWER To anticipate opportunities
To anticipate threats
The targeted length of time a plan is intended to cover is called its _______ horizon. -
ANSWER time
Where might planning occur in a large organization? (Select all that apply.) - ANSWER
Corporate
Department or functional
Business or division
When the same circumstances are repeated over and over, _______ plans are employed.
- ANSWER standing
Which of the following is the proper sequence of the planning process?
- ANSWER Identifying the mission and major objectives; selecting or devising strategies;
selecting the best means to achieve the strategies
If managers ask the questions "who are our customers?", "what customer needs do we
satisfy?", and "how do we satisfy customer needs?", the manager is ______. - ANSWER
defining the business
Corporate level plans _______. - ANSWER detail top management decisions on mission,
goals, overall strategy and structure
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