Question 1

Which of the following is not a step in the strategic planning process?&#10;A) Defining a mission&#10;B) Assessing the organization's competitive position&#10;C) Creating strategies for competitive differentiation&#10;D) Contingency planning

Accepted Answer

Contingency planning is not a step in the strategic planning process. However, it is often conducted as a separate exercise to prepare for unexpected events or changes in the business environment that may impact the implementation of the strategic plan. The other options (A, B, and C) are all essential steps in the strategic planning process.

Question 2

Which managerial function involves blending human and material resources through a formal structure of tasks and authority?&#10;A) Planning&#10;B) Organizing&#10;C) Directing&#10;D) Controlling

Accepted Answer

Organizing involves bringing together human and material resources through the establishment of a formal structure of tasks and authority. Planning involves setting goals and objectives and developing strategies to achieve them. Directing involves guiding and motivating employees to accomplish tasks. Controlling involves monitoring performance and making necessary adjustments to ensure goals are met.

Question 3

_____________ involves a complex and unique problem or opportunity and has
Important results for the organization.

A) Nonprogrammed decisions
B) Decision making
C) Situational decisions
D) Programmed decisions

A

Accepted Answer

Nonprogrammed decisions are made in response to a unique problem or opportunity. These decisions require a high level of thought and analysis, and their outcomes can have significant consequences for the organization. Programmed decisions, on the other hand, involve routine, repetitive tasks that can be automated or programmed to follow established procedures. Situational decisions refer to decisions that arise as a result of unexpected events or circumstances. While decision making encompasses all types of decisions, nonprogrammed decisions are specifically characterized by their complexity and importance for the organization.

Question 4

Which leadership style is preferred for a growing company?&#10;A) Autocratic leadership&#10;B) Democratic leadership&#10;C) Free-rein leadership&#10;D) None of the above

Accepted Answer

The answer of Which leadership style is preferred for a...

Question 5

Which leadership style centers on minimal supervision and allows employees to make most of their own decisions?&#10;A) Democratic leadership&#10;B) Autocratic leadership&#10;C) Community leadership&#10;D) Free-rein leadership

Accepted Answer

Free-rein leadership, also known as laissez-faire leadership, allows employees to have a high level of autonomy in decision-making and minimal supervision from their boss.

Question 6

Which one of the following people does not belong to &#34;middle management&#34;?&#10;A) Regional manager&#10;B) Program manager&#10;C) Division head&#10;D) Director

Accepted Answer

The answer of Which one of the following people does...

Question 7

Which of the following is not part of the process for how managers make decisions?&#10;A) Identifying a problem or opportunity&#10;B) Developing possible ways of taking action&#10;C) Implementing different solutions and choosing the best one for the future&#10;D) Assessing outcomes

Accepted Answer

The process for how managers make decisions includes identifying a problem or opportunity, developing possible ways of taking action, assessing outcomes, and then implementing the chosen solution. Option C is incorrect as it combines two separate steps of the decision-making process.

Question 8

Which type of planning does the middle managerial level engage in primarily?&#10;A) Strategic planning&#10;B) Operational planning&#10;C) Tactical planning&#10;D) Contingency planning

Accepted Answer

Middle managerial level primarily engages in tactical planning, which involves developing specific plans to achieve the goals set by the organization's higher-ups. Tactical plans involve the allocation of resources and coordination of activities to achieve specific outcomes.

Question 9

A frequently used tool that helps assess the firm's current position in the marketplace is called&#10;A) A SWOT analysis.&#10;B) A strategy.&#10;C) A vision statement.&#10;D) A mission statement.

Accepted Answer

A SWOT analysis is a commonly used tool to assess a firm's current position in the marketplace. It helps to identify the company's internal strengths and weaknesses as well as external opportunities and threats. By analyzing these factors, the company can develop a strategy to leverage its strengths, address its weaknesses, capitalize on opportunities, and mitigate threats. Mission and vision statements are statements of a company's goals and aspirations, while a strategy is a plan of action to achieve those goals.

Question 10

________________ is the process of guiding and motivating employees to accomplish organizational goals.&#10;A) Organizing&#10;B) Controlling&#10;C) Directing&#10;D) Planning

Accepted Answer

Directing is the process of guiding and motivating employees to accomplish organizational goals by communicating with them what is to be done, how well it should be done, and who should do it, as well as providing guidance and feedback to help them improve. Organizing involves setting up the organizational structure, defining roles and responsibilities, and allocating resources. Planning involves setting goals, identifying strategies, and determining the actions needed to achieve them. Controlling involves ensuring that performance meets the standards set in the planning process, and taking corrective action if necessary.

Question 11

Which of the following is not a form of departmentalization?&#10;A) Product&#10;B) Geographical area&#10;C) Customer&#10;D) Role within the company

Accepted Answer

The answer of Which of the following is not a...

Question 12

Which statement about corporate cultures is not true?&#10;A) A corporate culture is typically shaped by the leaders in the company.&#10;B) Corporate culture is reinforced through rituals and ceremonies.&#10;C) Corporate cultures seldom change significantly once they are established.&#10;D) In an organization with strong culture, everyone knows and supports the same principles, beliefs and values.

Accepted Answer

The answer of Which statement about corporate cultures is not...

Question 13

This planning activity below involves two components: business continuation and public communication.&#10;A) Strategic&#10;B) Tactical&#10;C) Operational&#10;D) Contingency

Accepted Answer

The answer of This planning activity below involves two components:...

Question 14

Which type of planning has the most long-range view?&#10;A) Strategic&#10;B) Tactical&#10;C) Operational&#10;D) Contingency

Accepted Answer

The answer of Which type of planning has the most...

Question 15

What are the goals of a vision?&#10;A) To provide focus for a firm's actions&#10;B) To direct the company toward opportunities&#10;C) To set a company apart from its competitors&#10;D) All of the above

Accepted Answer

The answer of What are the goals of a vision?&#10;A)...

Deck 7: Management, Leadership, and the Internal Organization