GMS 200 exam questions correctly
answered to pass
Venture Capitalists - correct answer ✔✔business make large investments in new ventures
in return for an equity stake in the business
Initial Public Offering (IPO) - correct answer ✔✔when shares of stock in the business are first sold to the
public and then begin trading on a major stock exchange
Steps in the Planning Process - correct answer ✔✔Define your objectives: Identify desired outcomes or
results in very specific ways. Know where you want to go.
Determine where you stand vis-à-vis objectives: Evaluate current accomplishments relative to the
desired results. Know where you stand in reaching your objectives
Develop premises regarding future conditions: Anticipate future events. Generate alternative
"scenarios" for what may happen
Analyze and choose among action alternatives: List and evaluate possible actions. Chose the alternative
most likely to accomplish your objectives'
Implement the plan and evaluate results: Take action and carefully measure your progress toward
objectives.
Benefits of Scenario planning - correct answer ✔✔Managers are forced to break out of their standard
world view, exposing blind
spots that might otherwise be overlooked in the generally accepted forecast.
Decision-makers are better able to recognize in its early stages, should it actually
be the one that unfolds.
Managers are better able to understand the source of disagreements that often
occur when they are envisioning different scenarios without realizing it.
Contingency planning - correct answer ✔✔Identifies alternative courses of action to take when things go
wrong or if circumstances change.
answered to pass
Venture Capitalists - correct answer ✔✔business make large investments in new ventures
in return for an equity stake in the business
Initial Public Offering (IPO) - correct answer ✔✔when shares of stock in the business are first sold to the
public and then begin trading on a major stock exchange
Steps in the Planning Process - correct answer ✔✔Define your objectives: Identify desired outcomes or
results in very specific ways. Know where you want to go.
Determine where you stand vis-à-vis objectives: Evaluate current accomplishments relative to the
desired results. Know where you stand in reaching your objectives
Develop premises regarding future conditions: Anticipate future events. Generate alternative
"scenarios" for what may happen
Analyze and choose among action alternatives: List and evaluate possible actions. Chose the alternative
most likely to accomplish your objectives'
Implement the plan and evaluate results: Take action and carefully measure your progress toward
objectives.
Benefits of Scenario planning - correct answer ✔✔Managers are forced to break out of their standard
world view, exposing blind
spots that might otherwise be overlooked in the generally accepted forecast.
Decision-makers are better able to recognize in its early stages, should it actually
be the one that unfolds.
Managers are better able to understand the source of disagreements that often
occur when they are envisioning different scenarios without realizing it.
Contingency planning - correct answer ✔✔Identifies alternative courses of action to take when things go
wrong or if circumstances change.
