MNG Exam 2
In an organizational structure, top management is most likely responsible for - Answer -developing a
strategic plan to promote a new organizational direction
What is the difference between forecasting and planning? - Answer -Forecasting anticipates, planning
prepares
A good example of a financial budget is a - Answer -forecast of cash inflow and outflow
James has the following objective: Organize all correspondence from the client regarding the Standards
portion of the project. Which of the following would be the BEST plan for James in order to achieve this
objective? - Answer -Separate all correspondence from the client regarding Standards, and compile this
information into a spreadsheet accessible to the entire team. The spreadsheet will be updated by Donna
once a week
A large peanut company with multiple factories wants to improve its efficiency. Which of the following
levels of the hierarchy of objectives is best equipped to assess the efficiency of peanut-shelling machine
operators? - Answer -Lower Management Objective
How are Lower Management Objectives and Senior Management Objectives related in the hierarchy of
objectives? - Answer -Effectively meeting Lower Management Objectives leads to effectively meeting
Senior Management Objectives
In an organizational structure, top management is most likely responsible for - Answer -developing a
strategic plan to promote a new organizational direction
What is the difference between forecasting and planning? - Answer -Forecasting anticipates, planning
prepares
A good example of a financial budget is a - Answer -forecast of cash inflow and outflow
James has the following objective: Organize all correspondence from the client regarding the Standards
portion of the project. Which of the following would be the BEST plan for James in order to achieve this
objective? - Answer -Separate all correspondence from the client regarding Standards, and compile this
information into a spreadsheet accessible to the entire team. The spreadsheet will be updated by Donna
once a week
A large peanut company with multiple factories wants to improve its efficiency. Which of the following
levels of the hierarchy of objectives is best equipped to assess the efficiency of peanut-shelling machine
operators? - Answer -Lower Management Objective
How are Lower Management Objectives and Senior Management Objectives related in the hierarchy of
objectives? - Answer -Effectively meeting Lower Management Objectives leads to effectively meeting
Senior Management Objectives
