Question 1

Silver Star Automobiles holds monthly planning and operational reviews to ensure that it is on track for meeting organizational goals.This involves which stage of the organizational planning process?

Accepted Answer

Holding monthly planning and operational reviews to ensure that the organization is on track for meeting its goals is part of monitoring and learning, the final stage of the organizational planning process. This stage involves regularly reviewing and evaluating progress towards the established goals, making adjustments as necessary, and using the feedback gained to improve future planning and operations.

Question 2

The traditional approach to corporate planning was to

Accepted Answer

The traditional approach to corporate planning was to have a centralized planning department where all the planning activities were carried out. This approach allowed for better coordination, consistency and alignment of the planning activities with the overall business objectives. By having a centralized planning department, the organization was able to ensure that all the planning activities were integrated and synchronized with each other. Furthermore, it allowed for better resource utilization by avoiding duplication of efforts and resources.

Question 3

Of the strategic management functions,which is considered the most fundamental?

Accepted Answer

Planning is considered the most fundamental of the strategic management functions. Without proper planning, the other functions such as analyzing, leading, executing, and controlling cannot be effectively carried out. Planning involves setting objectives, identifying resources, assessing the current environment, and developing a course of action to achieve the desired outcomes.

Question 4

Contingency plans are also referred to as

Accepted Answer

Contingency plans are often referred to as scenarios because they involve planning for unexpected events or situations that may arise. Standing plans are more long-term and ongoing, while rules and procedures are more specific and focused. Operationally tactical plans are not typically used to describe contingency planning.

Question 5

An example of a ____ is a statement supporting the organization's efforts in the area of sexual harassment.

Accepted Answer

A policy is a general guide to decision making, and a statement supporting the organization's efforts in the area of sexual harassment is an example of a policy. It does not outline specific steps or directions for dealing with a situation, like a procedure or single-use plan would. It is also not a formal requirement, like a rule would be. It is instead a guiding principle for the organization to follow in addressing sexual harassment. An example could be a sexual harassment policy statement in an organization's employee handbook.

Question 6

____ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Accepted Answer

Scenario building involves identifying trends and discontinuities and creating possible alternative futures to help organizations prepare for unexpected events. It provides a framework for managing uncertainty and enables organizations to be better prepared for a range of possible outcomes. Crisis planning and contingency planning are more focused on responding to specific, immediate events, while trend management and caution planning are not specific planning methods.

Question 7

Traditionally,if Stephanie,CEO of Butterfly Pillows,needed to conduct corporate planning,it would be performed by all of the following EXCEPT

Accepted Answer

The answer of Traditionally,if Stephanie,CEO of Butterfly Pillows,needed to conduct...

Question 8

Which of the following is NOT involved in the stages of crisis planning?

Accepted Answer

Investigating all stakeholders is not typically considered one of the stages of crisis planning. The other options (setting up effective communication systems, creating detailed crisis management plans, designating a crisis management team and spokesperson, and building relationships) are all key components of crisis planning.

Question 9

Focusing manager and employee efforts on activities that will lead to goal attainment is a benefit of what management method?

Accepted Answer

Management by objectives (MBO) is a management method that involves setting specific and measurable goals for employees and managers to work towards. It fosters communication and collaboration between managers and employees to align their efforts towards achieving shared goals. This focus on goal attainment helps to ensure that resources and efforts are not wasted on unproductive tasks, ultimately improving the efficiency and effectiveness of the organization.

Question 10

Alabama Airlines has three planning specialists who help division managers develop their own division plans.Serving as consultants to the divisions,the planning specialists give advice about strengths,weaknesses,opportunities,and threats.Alabama Airlines is utilizing what approach to the planning function?

Accepted Answer

Alabama Airlines is using a decentralized planning staff approach, because they have planning specialists who serve as consultants to the divisions and give them advice about planning. This indicates that the planning function is not centralized, but rather distributed among the various divisions of the organization.

Question 11

The crisis management plan should be a ____ that specifies the actions to be taken,and by whom,if a crisis occurs.

Accepted Answer

The crisis management plan should be a detailed, written plan that clearly outlines the actions to be taken and by whom. A detailed plan ensures that everyone involved knows their role and responsibilities, and can take action quickly and efficiently in the event of a crisis. A written plan also allows for easy distribution and reference, making it accessible to all necessary parties.

Question 12

____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Accepted Answer

Crisis planning is specifically designed to deal with unexpected and potentially catastrophic events that can threaten the survival of an organization. It involves preparing for various scenarios, developing response plans, and establishing communication protocols to ensure that leaders can respond quickly and effectively in the face of a crisis.

Question 13

"No food and/or drinks in the classroom" is an example of a

Accepted Answer

"No food and/or drinks in the classroom" is a stated guideline meant to regulate behavior within the classroom, making it a rule.

Question 14

Which type of plan helps managers implement the overall strategic plan?

Accepted Answer

Tactical plans are focused on outlining specific steps and actions that will be taken to implement the overall strategic plan. These plans are generally created by middle-level managers and identify resources needed, timelines, and priorities. This makes tactical plans a critical tool for managers to achieve the goals outlined in the strategic plan.

Question 15

Cheyenne Creamery requires that all absent employees bring a note from their doctor when returning to work.This is an example of a

Accepted Answer

A standing plan is a policy or procedure designed for repeated use in response to commonly occurring events, such as requiring a doctor's note for absences, to ensure consistency and efficiency in handling such situations.

Question 16

In developing a strategy map for her interior design business,Carla has decided to promote employee development by providing online training tools.This involves goals in which strategy map category?

Accepted Answer

Providing online training tools for employee development falls under the learning and growth goals category, which focuses on improving the skills and capabilities of employees to support the achievement of other objectives in the organization.

Question 17

Which of these are true about contingency plans?

Accepted Answer

Contingency plans are developed to define company responses to specific situations, such as emergencies or setbacks. They are designed to provide guidance on how to deal with unexpected events and ensure that the organization can continue to operate effectively. Options A and B are incorrect because contingency plans are not developed for goals that are unlikely to be repeated or for tasks performed repeatedly. Option D is incorrect because contingency plans are important in all organizations, not just some.

Question 18

The planning process starts with:

Accepted Answer

The planning process always starts with defining the organization's purpose through a formal mission statement. This ensures that all planning efforts are focused on achieving the overall objectives of the organization. Tactical planning, strategic planning, operational planning, and controlling performance are all important steps in the planning process but they come after the mission statement has been established.

Question 19

____ define boundaries within which to make a decision.

Accepted Answer

Policies are guidelines or principles established by an organization to guide decision-making and behavior. They define the boundaries within which to make a decision, and help ensure consistency and fairness in decision-making. Programs, rules, procedures, and projects may also provide guidance and structure for decision-making, but policies typically provide the overarching framework for decision-making within an organization.

Question 20

Numerous ____ are likely to be part of an overall ____.

Accepted Answer

Projects are typically specific, temporary endeavors that work towards achieving a specific goal or objective, whereas programs are broader initiatives that include multiple coordinated projects. Therefore, numerous projects are likely to be part of an overall program.

Quiz 7: Managerial Planning and Goal Setting