Multiple Choice
Identify the letter of the choice that best
completes the statement or answers the question.
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1.
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In
completing his firm’s planning process, Ali identifies and describes a number of goals to be
completed in the short run. These are ___________. a. | action plans | b. | proximal goals | c. | distal goals | d. | options-based plans | | |
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2.
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Kathryn’s firm makes no secret of the fact that it plans to copy industry leaders
in order to be competitive. This is an example of a(an) __________ mission. a. | common-enemy | b. | options-based | c. | role-model | d. | internal-transformation | | |
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3.
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Sally
is a member of __________ management, and it is this group that is generally responsible for
implementing tactical plans. a. | upper-level | b. | executive-level | c. | middle-level | d. | lower-level | | |
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4.
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As a
member of the lower-level management group, Steve is responsible for implementing ___________
plans. a. | operational | b. | tactical plans | c. | role-model | d. | single-use | | |
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5.
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Saul
owns and operates a large chain of retail stores. He realizes that retailing has changed a great deal
over the past few years and he has begun to make dramatic changes in his product assortments and
pricing policies. Saul’s mission is now one of ___________. a. | identifying a common enemy | b. | role modelling | c. | management by objectives | d. | internal transformation | | |
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6.
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Freehold Corporation is under attack from competition. The top-management team has
created a plan to deal with this major but unique event. This is an example of a
__________. a. | rule | b. | policy | c. | standing plan | d. | single-use plan | | |
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7.
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Due to
concerns about employee safety, a major supplier of industrial equipment identifies and describes
specific steps that employees should take in response to employee accidents. This type of plan is
termed a _________. a. | rule | b. | regulation | c. | procedure | d. | policy | | |
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8.
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In
response to health concerns, ABC Company has banned smoking at all of its locations. This is an
example of a(an) __________. a. | single-use plan | b. | procedure | c. | operational plan | d. | rule | | |
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9.
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Q
Company’s standards team worked for a long time to identify outstanding production processes at
various organizations and then adapted these processes to its own needs. This is an example of
_________. a. | stretch
goals | b. | benchmarking | c. | scenario planning | d. | aggregate product plans | | |
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10.
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Brown
Labs developed a full-scale working model of a final product and is testing it for functionality and
reliability. Brown Labs has a(an) __________. a. | scenario plan | b. | aggregate plan | c. | benchmark | d. | product prototype | | |
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True/False
Indicate whether the sentence or statement is true or
false.
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11.
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Sal’s company has a goal to increase sales by 50% over the next six months. This
goal is time-bounded.
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12.
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Jake is
creating planning flexibility by developing small, simultaneous investments in a number of plans.
Jake is engaged in learning-based planning.
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13.
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Genevieve founded a company and developed a strong inspirational statement that
describes her firm’s basic values and beliefs. This statement is a vision
statement.
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14.
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Chuck
set ambitious goals for his work team that team members did not initially know how to accomplish.
Chuck has established some stretch goals.
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15.
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Anna, a
director of new product development at a cosmetics firm, develops a plan that allows her to monitor
the six new products she has in development. This is an example of scenario planning.
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