MGMT Plans and Planning tools

Raul is a manager who wants to make sure his subordinates know how he will determine whether an objective has been reached. On which guideline for establishing objectives is Raul​ focusing?

Pinpointing expected results

Which management function precedes and is the basis for other management​ functions?

Planning

Which term refers to developing action programs for the purpose of accomplishing business​ objectives?

Planning

Which of the following is a FALSE statement regarding the advantages of​ planning?

Planning eliminates risk.

A plan that outlines a series of related actions that must be taken to accomplish a particular task is called a​ ________.

procedure

Question content area top Part 1 Roberta has created a plan to create a new office space for her organization. This is the planning type of​ ________.

program

Roberta has created a plan to create a new office space for her organization. This is the planning type of​ ________.

program

The​ __________ is a scheduling tool that emphasizes the interrelationship of tasks and shows both the estimates of time necessary to complete each activity and the sequence of activities that must be followed to complete a project.

program evaluation and review technique

A standing plan that indicates what an organizational member should or should not do and allows no room for interpretation is known as​ a(n) ________.

rule

A​ ________ is a plan that designates specific required action.

rule

A sales forecasting technique that predicts future sales by analyzing the opinions of salespeople as a group is known as the​ _________________.

salesforce estimation method

Cellular Solutions is a company that sells smart phones to consumers. The smart phone as a product is in a market where most people who want the product have it and people only buy a new one due to their old one wearing out. In the product life​ cycle, the stage that best fits this situation is​ ________.

saturation

Which of the following is the fundamental purpose of​ planning?

To help the organization reach its objectives

The process of predicting future environmental issues is primarily accomplished through​ _________.

forecasting

During the​ ________ stage of the product life​ cycle, sales are primarily based on the need to replace products.

saturation

Which term refers to the process of predicting the likelihood of uncertain events or outcomes that will influence the operation of the​ organization?

Forecasting

When management outlines its commitment to new methods of​ operation, what type of objective is being​ set?

Innovation

Which of the following is NOT one of the key areas in which Drucker advised managers to set management system​ objectives?

Tradition

What step in the management by objectives process involves the manager and the worker checking to see whether the objectives are being​ reached?

Monitor progress

What is the third step of the MBO​ process?

Monitoring progress

Which term refers to the target toward which the open management system is​ directed?

Organizational objective

Which term describes what an organization exists to​ do, given a particular group of customers and customer​ needs?

Organizational purpose

The function that precedes and forms the basis for other management functions is​ ________.

planning

The process of determining how an organization can get where it wants to​ go, and what it will do to accomplish its objectives is known as​ _________.

planning

A​ _________ is a plan that furnishes broad guidelines for taking action consistent with reaching organizational objectives.

policy

Question content area top Part 1 A​ ________ is a standing plan that furnishes broad guidelines for taking action consistent with reaching organizational objectives.

policy

Which term refers to the process of determining how an organization can get where it wants to​ go, and what it will do to accomplish its​ objectives?

Planning

Which of the following is NOT a stage in the product life​ cycle?

Formation

Question content area top Part 1 Which of the following is the final step in the MBO​ process?

Give rewards

Which type of plan supplies broad guidelines for action that support organizational​ objectives?

A policy

Which of the following is an example of a standing​ plan?

A sustainability policy

What is the affirmative purpose of​ planning?

B. Increasing organizational success

There are six steps in the planning process. What is step​ 4?

Choosing the best alternative for reaching objectives

Which of the following is NOT a step in the planning​ process?

Discarding the alternatives after objectives have been clearly stated and a plan is formed

Question content area top Part 1 At the end of a particular operating​ period, suppose Brenda​ (the manager) sits down with Ethan​ (the employee) and they meet to determine how well​ Ethan's performance has met the objectives set by Brenda. Which step in the MBO process would this​ be?

Evaluate performance

Suppose you wanted a planning tool to schedule​ resources, including human resources and the use of machinery over​ time, and you wanted it in bar graph form. Which of the following would be the best​ tool?

Gantt chart

Question content area top Part 1 When setting objectives for where a firm would like to be in comparison to​ competitors, what key area of objectives is being​ considered?

Market standing

Which of the following guidelines for establishing objectives focuses on helping a worker to be better motivated in carrying out an​ objective?

Let the people responsible for attaining the objectives have a voice in setting them.

Question content area top Part 1 Sarah is planning a department expansion and is meeting with her staff to discuss the most effective ways to handle the change. This is an example of which step in the planning​ process?

Listing alternative ways of reaching objectives

Which of the following is the second step in the planning​ process?

Listing alternative ways of reaching objectives

Which term refers to a target toward which an open management system is​ directed?

Organizational objective

Which term describes a​ single-use plan designed to carry out a special project within an​ organization?

Program

Green Lawn​ Inc., a lawn care​ company, has been working on a plan to more efficiently mow customer lawns. The company has a chosen plan and is now implementing it. This is an example of which step in the planning​ process?

Putting the plans into action

Which of the following is the final step in the planning​ process?

Putting the plans into action

Which of the following is the first step in the MBO​ process?

Review organizational objectives

Which type of forecast is focused on how many products will be sold to consumers over a specified time​ period?

Sales forecast

________ involves developing a list of activities and following time tables for the purpose of attaining an objective.

Scheduling

Which of the following is an advantage of using an MBO​ approach?

Securing employee commitment to reaching organizational goals

Which of the following is the first step in the planning​ process?

Stating organizational objectives

Which of the following steps in the planning process would include examining the overall economy when forming​ objectives?

Stating organizational objectives

Julie is the manager of Terrance and they have engaged in the Management by Objectives process. Julie is currently checking on​ Terrance's work and how well he is reaching his objective. This corresponds to what step in the MBO​ Process?

Step​ 3: Monitor progress

Which of the following is a characteristic of most MBO​ programs?

The MBO process secures employee commitment to attaining organizational goals.

Which method of sales forecasting is based on the informal but informed opinions of​ managers?

The jury of executive opinion method

At which step would a manager develop strategic and tactical plans in the planning​ process?

When developing plans to pursue the chosen alternative

When setting organizational​ objectives, a(n)​ _____ objective is intended to be achieved in one to five years.

intermediate

The​ _____________ method involves specific managers in an organization gathering to discuss their opinions on what will happen to sales in the future.

jury of executive opinion

Drucker recommended eight key areas where managers should set system​ objectives, including setting objectives indicating where the company would like to be​ vis-à-vis its competitors. This is referred to as​ ________.

market standing

Juan is a CEO who has created a new plan for his organization that is targeted to be achieved in 3 years. This timeline makes it what kind of​ objective?

​intermediate-term objective

When setting organizational​ objectives, a(n)​ ________ objective is intended to be achieved in five to seven years.

​long-term