MGMT3000 - Test 2 Review Exam Questions
And Answers 100% Pass
Defines company responses to be taken in the case of emergencies, setbacks, or unexpected
conditions... - ANS Contingency planning
forecasting technique that looks at current trends and discontinuities and visualizes future
possibilities - ANS Scenario planning
Reasonable yet highly ambitious and compelling goals that energize people and inspire
excellence are called ______ goals. - ANS stretch
Preparing organization, managers, and employees to cope with catastrophic events that could
destroy the firm... - ANS Crisis planning
Managers cannot predict the.... - ANS future
Managers cannot predict the future, nor can they prevent all problems that might occur, but
proper ___________ can enable them to prioritize goals and respond swiftly and effectively to
unexpected events - ANS planning
Of the four management functions - planning, organizing, leading, and controlling-
____________ is considered the most fundamental - ANS planning
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The role of the ______________________ is to get people thinking as a team and negotiating
about which goals are the important ones to pursue - ANS top executive
The overall planning process begins with a ___________________ and goals for the
organization as a whole - ANS mission statement
Goals are ________ ____________ that is they are defined by an individual or group -
ANS socially constructed
Means the ability to step back and see the bigger picture of one's own learning activities -
ANS Metacognitive awareness
Larry's company has decided to no longer lease office space and instead have all employees
work from home. Larry needs to make a ____________________ as he figures out how the
newly dispersed workforce can cost-effectively order office supplies.
(non programmed or programmed decision) - ANS Nonprogrammed decision
The VP of marketing knows that the organization wants to increase sales by 10% and knows
there are two ways to do this. In this decision involving __________, either option might fail,
but the VP can estimate their chance of failure
Ambiguity, risk, uncertainty, or certainty? - ANS risk
You have a budget of $50,000, and you want to remodel your kitchen. Fortunately, you know a
number of different contractors, but all of them have different ideas about the best way to
remodel a kitchen. Your decision about which contractor to use is a: programmed or
nonprogrammed decision - ANS nonprogrammed decision
The front office staff at Marriott Hotels has a preshift meeting at 7:00 AM every morning. As
general manager, you are expected to attend these meetings. The decision you make every day