MGT quizzes

Snowcap Ice Cream produces over a dozen delicious ice cream flavors and a number of individually packaged frozen treats. Which of these strategies would represent vertical integration for Snowcap? A.purchasing Mountain Dairy milk farmCorrect B.setting their prices lower than the competitors' prices C.acquiring a beverage bottling plant D.opening a personal tax accounting division

A.purchasing Mountain Dairy milk farm

Operating plans accomplish which of the following? Consolidate short-term goals into a long-term vision Turn strategic plans into actionable long-term goals Break long-term output into short-term targets or goals

Break long-term output into short-term targets or goals

Why should you encourage Derin to use groups to make decisions? Groups seek decisions that are good enough. Groups have a greater pool of knowledge. Groups subsume the primary goal with secondary goals. Groups cut down on the variety of ideas.

Groups have a greater pool of knowledge.

For a manufacturing company that set a strategic goal to reduce waste by 15%, each division in the organization can use the _____ to identify tactical goals

Means-end chain

Finishing work quicker is a ____ goal

Operational

Colin, who is a paralegal for a powerful Manhattan law firm, likes the fast pace of his work and the fact that things are always changing there. Colin can be said to have a low tolerance for ambiguity. have a high task orientation. rank high on the stress index. have a high tolerance for ambiguity.

have a high tolerance for ambiguity.

The chain of command is also known as the

hierarchy of authority

A boundaryless organization is one that is fluid and highly adaptive and whose members come together to collaborate on common tasks. is in control of a central core of key functions and has outsourced other functions to vendors. combines functional and divisional chains of command in a grid so that there are two command structures. puts together people with diverse occupational specialties in formal groups.

is fluid and highly adaptive and whose members come together to collaborate on common tasks.

you can use the continuous feedback loop known as the ______ cycle to ensure you're headed in the right direction once you've made plans. planning/control compare/contrast goal-setting SMART

planning/control

_____ designates how work units are going to optimize resources and make contributions over the next two years

tactical planning

Samir owns a dental practice, but business has slowed down significantly over the last six months. Which analysis would you recommend to Samir to help him determine whether his dental practice has competitive potential?

VRIO framework

When you encounter negative thoughts or sense that others are trying to elicit an emotional response from you, which key skill of being open minded

Watch for communication blocks

Once her team's goals were set, Alyssa asked each team member to come up with a(n) ________ to reach the goals.

action plan

After establishing the mission, vision, and values, what is the next step in strategic management?

assessing the current reality

A ________ is a graph of decisions and their possible consequences.

decision tree

A real estate development company is considering a deal to develop 1,000 condominium units. This deal largely rests on a hat the city's population will grow by 23% over the next decade. Multiple Choice trend forecast benchmark SWOT analysis

forecast

As the CEO of a mid-size airline, Karyn knows that most commercial airplanes are manufactured by either Airbus or Boeing. To mitigate the ________ of the airline industry, Karyn explores options for her company to manufacture its own airplanes. threats of new entrants bargaining power of buyers bargaining power of suppliers rivalry among competitors

bargaining power of suppliers

Which of the following lists represents the order of levels of strategy from the top of the organization downward?

corporate, business, functional

Zahra, the human resources manager, has significant experience handling ethical issues in the workplace. Over the years she has received extensive training in matters of workplace ethics. Due to Zahra's legal background (she is a member of the state bar association), the management of her company rely on Zahra to assist them with legal issues, especially with ethical dilemmas. Her organization should appoint Zahra as the

ethics officer

Terrence's team is very close and tends to agree on most decisions with little discussion. Terrence should be concerned about

groupthink

The key reasons that an organization should adopt planning and strategic management are to

provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage

Rosa hired Luis from Cajun College. He was an amazing employee and exceeded all her expectations. The next year, Rosa received an application for a job opening from another graduate from Cajun College. She was very excited to hire another outstanding candidate. Rosa has ________ bias.

representative bias