Principles of Management

posted by .

Question 1 of 20 5.0 Points

Which of the following is NOT a benefit of planning?
A. Helps you check on your progress

B. Helps you think ahead

C. Helps you cope with uncertainty

D. Helps you compare your results to a standard
Reset Selection

Question 2 of 20 5.0 Points

XYZ Company scans it environment regularly. However, it does not tend to seek opportunities outside its present markets. This company would most likely be a(n):
A. reactor.

B. prospector.

C. analyzer.

D. defender.
Reset Selection

Question 3 of 20 5.0 Points

A company that believes in letting other organizations take the risks of product development and marketing and then imitate what seems to work best is called a(n):
A. reactor.

B. prospector.

C. analyzer.

D. defender.
Reset Selection

Question 4 of 20 5.0 Points

A "vision statement" is:
A. a statement of the organization's purpose.

B. a statement of what the organization sees in its environment.

C. a statement of what the organization wants to become.

D. a statement of the organization's reason for being.
Reset Selection

Question 5 of 20 5.0 Points

What is the time frame of a strategic plan?
A. 15 – 25 years

B. 5 – 15 years

C. 1 – 5 years

D. 6 – 24 months
Reset Selection

Question 6 of 20 5.0 Points

Harley Davidson Motorcycles states that it will improve its profit margin by 15% by ensuring continued high sales of its products for the next three years. This is a statement of Harley Davidson's:
A. operational goal.

B. tactical goal.

C. strategic goal.

D. management objective.
Reset Selection

Question 7 of 20 5.0 Points

A "SMART" goal is one that is:
A. specific, maintainable, attainable, realistic, and time-bound.

B. specific, measurable, attainable, results-oriented, and time-bound.

C. specific, maintainable, achievement-oriented, real-time, and targeted.

D. specific, measurable, affordable, realistic, and targeted.
Reset Selection

Question 8 of 20 5.0 Points

MBO stands for:
A. Management by Observation.

B. Management by Objectives.

C. Management by Objection.

D. Management by Obligation.
Reset Selection

Question 9 of 20 5.0 Points

MBO was developed by Peter Drucker in the:
A. 1980s.

B. 1970s.

C. 1960s.

D. 1950s.
Reset Selection

Question 10 of 20 5.0 Points

In practicing MBO, a manager should:
A. decide on goals for employees and inform them of these goals clearly.

B. let employees set their own goals.

C. set objectives jointly with employees.

D. make sure goals are stated generally so they can cover all situations that might arise.
Reset Selection

Question 11 of 20 5.0 Points

Effective strategic management involves:
A. only top management.

B. only top and middle management.

C. only middle and lower management levels.

D. all levels of management.
Reset Selection

Question 12 of 20 5.0 Points

Bad planning usually results from all of these EXCEPT:
A. lack of competition in the industry.

B. ineffective group dynamics.

C. poor assessment of an organization's capabilities.

D. information overload.
Reset Selection

Question 13 of 20 5.0 Points

The most important thing a good mission statement should express is:
A. the organization's attitude toward its employees.

B. the geographical areas in which the firm will compete.

C. the firm's basic technology.

D. the firm's purpose.
Reset Selection

Question 14 of 20 5.0 Points

"SWOT" analysis is also known as:
A. strategic control.

B. situational analysis.

C. trend analysis.

D. contingency planning.
Reset Selection

Question 15 of 20 5.0 Points

Karen has just completed an assessment that indicates that her employees lack technological expertise for a new product line. She has engaged in analysis of her firm's:
A. strengths.

B. weaknesses.

C. opportunities.

D. threats.
Reset Selection

Question 16 of 20 5.0 Points

A vision or projection of the future is called a:
A. trend.

B. forecast.

C. contingency.

D. strategy.
Reset Selection

Question 17 of 20 5.0 Points

The creation of alternative hypothetical but equally likely future conditions is called:
A. contingency planning.

B. trend analysis.

C. balancing the scorecard.

D. strategy formulation.
Reset Selection

Question 18 of 20 5.0 Points

An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of:
A. cost leadership.

B. differentiation.

C. cost focus.

D. retrenchment.
Reset Selection

Question 19 of 20 5.0 Points

In the growth stage of the product life cycle, most products are probably:
A. making large profits.

B. making moderate profits.

C. making small profits.

D. breaking even.
Reset Selection

Question 20 of 20 5.0 Points

Keeping track of what competitor's are doing is called:
A. forecasting.

B. contingency planning.

C. strategic control.

D. competitive intelligence.
Reset Selection

  • Principles of Management -


  • Principles of Management -

    Don't know

  • Principles of Management -

    I'm having a hard time can someone please answer these question

  • Principles of Management -

    1d, 2d, 3c, 4c, 5c, 6c, 7b, 8b, 9d, 10c, 11d, 12a, 13d, 14b, 15b, 16b, 17a, 18b, 19a, 20d

  • Principles of Management -


  • Principles of Management -

    20 d

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math- fraction equations

    How would I solve this equation? d-1 = -1 1 ____ ___ 4 2 (d-1) divided by 4 = -1 and 1/2 Thanks, Ok, I'll set up your problem this way: (d-1)/4 = -1 1/2 -1 1/2 is the same as -3/2. Therefore: (d-1)/4 = -3/2 Multiply each fraction by
  2. English

    1. Blue helps headaches. 2. Blue helps with headaches. (Which one is correct?
  3. Science

    Which of the following describes the function of the central vacuole in plant cells?
  4. Biology

    Which of the following is not a benefit of genetic counseling: a.It helps identify parents at risk for having children with genetic defects. b.It assists parents in deciding whether or not to have children. c.It is based exclusively …

    Which programs listed below help prevent suicide?
  6. History #2

    Please help... I think its A,D, and C Which are acceptable reasons for studying history?
  7. chem please help drbob222

    Why is the process of examining enthalpies of a reaction helpful?
  8. Science

    I have to write an argument date why the adaptation of camouflage helps a predator more than it helps a prey animal and I have to have 3 valid points. What is a good website to research this?
  9. English

    What is the purpose of hierarchical structure in a media message?
  10. english

    Why is the initial background research step important?

More Similar Questions