Question 1

Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission.

Accepted Answer

Tactical plans are the specific plans that determine how a company will allocate its resources, budget, and people towards achieving specific goals within its mission.

Question 2

In the Dephi technique, the members of a panel of experts respond to questions and to each other until reaching agreement on an issue.

Accepted Answer

The Delphi technique is a structured process in which a panel of experts responds to a series of questionnaires or surveys until they reach a consensus on an issue. The panel members do not typically interact with each other during the process.

Question 3

Which of the following statements explains why groups can produce better solutions than individuals in decision- making situations?&#10;A) Formal groups have no group norms.&#10;B) Groups cannot experience information overload.&#10;C) Groups become committed to solutions they help choose.&#10;D) Groups take additional time to carefully evaluate all options.&#10;E) All of these are reasons why groups can produce better solutions than individuals in a decision-making situation.

Accepted Answer

When groups become involved in the decision-making process, they become more committed to the solution they help choose. This sense of ownership can lead to deeper analysis and more effective implementation of the solution. A, B, and D are not accurate explanations for why groups can produce better solutions.

Question 4

One method of weighting decision criteria uses____________ , which is a process where each decision criterion iscompared directly to every other criterion.&#10;A) absolute comparisons&#10;B) relative comparisons&#10;C) valences&#10;D) minimum threshold rule&#10;E) comparative ranking scales&#10;

Accepted Answer

Relative comparisons involve comparing each criteria directly to every other criteria, allowing for a more nuanced and accurate weighting of importance. This method is more thorough and less prone to biases than other methods such as absolute comparisons or comparative ranking scales.

Question 5

Both absolute comparisons and relative comparisons are methods for identifying decision criteria.

Accepted Answer

These are methods for weighting the criteria, not identifying them.

Question 6

The process of decision making emphasizes the use of systematic procedures to arrive at optimal solutions.

Accepted Answer

The process of decision making does not do this; what is described is rational decision making.

Question 7

S.M.A.R.T. goals are Specific, Meaningful, Active, Reachable, and Timely.

Accepted Answer

S.M.A.R.T. goals are Specific, Measurable, Attainable, Realistic, and Timely.

Question 8

Top management is responsible for developing long-term:&#10;A) standing plans&#10;B) tactical plans&#10;C) operational plans&#10;D) strategic plans&#10;E) mission statements

Accepted Answer

Strategic plans make clear how the company will serve its customers and position itself against competitors.

Question 9

Managers can monitor ________to track progress toward goal achievement.&#10;A) action plans and their implementation&#10;B) proximal and distal goals&#10;C) one-way and two-way evaluative techniques&#10;D) framing and non-framing goals&#10;E) open-ended and close-ended techniques

Accepted Answer

The answer of Managers can monitor ________to track progress toward...

Question 10

Which of the following is the most specific type of standing plan?&#10;A) policies&#10;B) procedures&#10;C) rules and regulations&#10;D) forecasts&#10;E) MBO plans

Accepted Answer

The answer of Which of the following is the most...

Question 11

Management by objectives (MBO) is a management technique often used to develop and carry out ____________plans.&#10;A) single-use&#10;B) standing&#10;C) operational&#10;D) tactical&#10;E) hierarchical

Accepted Answer

The answer of Management by objectives (MBO) is a management...

Deck 5: Section 2: Planning and Decision Making