The Manager As A Planner And A Strategist

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Questions Bank

Managers and Managing
The Evolution of Management
Values, Attitudes, Emotions, and Culture: The Manager As a Person
Ethics and Social Responsibility
Managing Diverse Employees in a Multicultural Environment
Managing in the Global Environment
Decision Making, Learning, Creativity, and Entrepreneurship
The Manager As a Planner and a Strategist
Value Chain Management: Functional Strategies for Competitive Advantage
Managing Organizational Structure and Culture
Organizational Control and Change
Human Resource Management
Motivation Performance
Leadership
Effective Groups and Teams
Promoting Effective Communication
Managing Conflict, Politics, and Negotiation
Used Advanced Information Technology to Increase Performance

All Questions

Question 1

Free

True/False

A strategy is the set of decisions that managers make to assist the organization in attaining its goals.

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Question 2

Free

True/False

The mission statements of organizations in the same market will typically be the same.

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True

False

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Question 3

Free

True/False

Planning is important for an organization since a plan can be used as a device for controlling managers within an organization.

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Question 4

Free

True/False

To lower costs, the divisional head of an organization decides to set up the division's technical support center in another country.This is an example of a business-level strategy.

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Question 5

Free

True/False

Corporate-, business-, and functional-level plans usually require similar time horizons.

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Question 6

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The first step in defining an organization's mission is to define its business.

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Question 7

True/False

When establishing goals, setting a time period to achieve a goal acts as a demotivator.

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Question 8

True/False

A brand of cereal attracts customers by offering the lowest prices among other brands of cereals.The company uses a differentiation strategy in this situation.

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True

False

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Question 9

True/False

Though a company's netbook prices are higher than other netbooks with the same configuration, the company offers features that are exclusive only to its netbooks.The company is following a differentiation strategy.

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Question 10

True/False

It is impossible for an organization to have both low-cost and differentiated products.

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Question 11

True/False

Focused low-cost strategy serves a major segment of the overall market and tries to be the lowest-cost organization in the entire market.

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False

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Question 12

True/False

A computer operating system software manufacturer invests its profits in creating newer versions of its operating system software to make best use of the continuous changes in computer hardware.This is called diversification.

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Question 13

True/False

A winery decides to manufacture its own bottles instead of purchasing them from a bottle manufacturing company to reduce costs.The winery is employing a forward vertical integration strategy.

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Question 14

True/False

Selling the same standardized product and using the same basic marketing approach in each national market is called multidomestic strategy.

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Question 15

True/False

Allocating appropriate resources to the responsible individuals or groups is the last step in implementing strategy.

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True

False

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Question 16

Multiple Choice

A(n) _____ is a group of related managerial decisions and actions to help an organization achieve one of its goals.

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strategy

objective

motto

allocation

accomplishment

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Question 17

Multiple Choice

A(n) _____ broadly defines an organization's purpose-what it is seeking to achieve from its activities-identifies what is unique or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.

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business plan

mission statement

SWOT analysis

general advertisement

strategic plan

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Question 18

Multiple Choice

The first step in planning for an organization is

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procuring raw materials and human resources.

analyzing situations and formulating strategies.

expanding the organization's business globally.

determining the organization's missions and goals.

allocating resources and responsibilities to achieve strategies.

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Question 19

Multiple Choice

According to Henri Fayol, an effective plan should have four qualities, namely, unity, continuity, accuracy, and

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sustainability.

flexibility.

accountability.

consistency.

synergy.

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Question 20

Multiple Choice

According to Henri Fayol, _____ means that managers need to make every attempt to collect and use all available information in the organization's planning process.

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unity

flexibility

continuity

accuracy

synergy

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