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25 Cards in this Set
- Front
- Back
Which term refers to developing action for the purpose of accomplishing business objectives? |
Planning |
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What is the affirmative purpose of planning? |
Increasing organizational success |
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Which of the following is the fundamental purpose of planning? |
To help the organization reach its objectives |
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Which management function precedes and is the basis for other management functions? |
Planning |
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Which type of plan supplies broad guidelines for action that support organizational objectives? |
A policy |
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Which of the following is an example of a single-use plan? |
A budget
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Which of the following is an example of a standing plan? |
A sustainability policy |
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Considering elements of the environment of an organization will help in which step of the planning process? |
Stating organizational objectives |
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At which step would a manager develop strategic and tactical plans in the planning process? |
When developing plans to pursue thechosen alternative |
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Which term refers to the target toward which the open management system is directed? |
Organizational objective |
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When management outlines its commitment to new methods of operation, what type of objective is being set? |
Innovation
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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
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When setting organizational objectives, a(n) ___objective is intended to be achieved in five to seven years. |
Long-term |
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The idea that a manager should clearly determine, understand, and state an objective before taking action is called___. |
The principle of objective |
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Which guideline 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 |
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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 |
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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 |
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What is the main thrust of the management by objective process that helps managers and subordinates feel that objectives are fair and appropriate? |
Managers and subordinates should develop and agree on each individual’s goals |
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Which of the following is an advantage of using an MBO approach? |
Securing employee commitment to reaching organizational goals |
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The process of predicting future environmental issues is primarily accomplished through ___. |
Forecasting
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Which type of forecast is focused on how many products will be sold to consumers over a specified time period? |
Sale forecasting |
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Which method of sales forecasting is based on the informal but informed options of managers? |
The jury of executive opinion method |
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During the ___ stage of the product life cycle,sales are primarily based on the need to replace product. |
Saturation |
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___ involves developing a list of activities and following timetables for the purpose of attaining an objective. |
Scheduling |
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The program evaluation and review technique (PERT) emphasizes which activity that the Gantt chart does NOT? |
Interrelationship of tasks |