Management Ch 8 Exam Questions with Answers

Management Ch 8 Exam Questions with Answers Which of the following reflects the way goals are set in an MBO program? - ANSWER Apart from being used to ensure that employees are doing what they are supposed to be doing, goals are used as a motivating tool for employees. Which of the following is the first step in MBO? - ANSWER The organization's overall objectives and strategies are formulated. Which of the following is an example of a standing plan? - ANSWER a fire escape policy establishing practices to be followed in an emergency The effect of planning on managers is that it forces them to ________. - ANSWER anticipate and respond to change Absence of planning does not inhibit the ability of departments and individuals to work together or organizations to move. - ANSWER Fasle Top executives are mainly involved in ________ planning - ANSWER Strategic Planning is concerned with how objectives are to be accomplished, not what is to be accomplished - ANSWER False Dynamic environments require a flatter organizational hierarchy in order to plan effectively. - ANSWER True In ________, goals set by top managers flow down through the organization and become subgoals for each organizational area. - ANSWER traditional goal setting When uncertainty is high and managers must be flexible in order to respond to unexpected changes, directional plans are preferable. - ANSWER True Directional plans are clearly defined and leave no room for interpretation. - ANSWER False Long-term plans are defined as those with a time frame beyond ________. - ANSWER Three Years Which of the following is true of competitor intelligence as a means of environmental scanning? - ANSWER Competitor intelligence is ethical if competitor-related information is collected from sources accessible and available to the public The number of years used to define short-term and long-term plans has increased considerably because of the greater environmental certainty businesses have today. - ANSWER False