The level of planning involving the longest time horizon, usually ranging from three to seven years, is: (Points : 1)

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MT 140 Introduction to Management Unit 3 Quiz Answers

Question 1.1. The level of planning involving the longest time horizon, usually ranging from three to seven years, is: (Points : 1)

Question 2.2. Which stage of the planning process is Axis Corp. involved in if it is assessing how well alternative plans meet high-priority goals while considering the cost of each initiative and the likely investment return? (Points : 1)

Question 3.3. The process of identifying the specific procedures and processes required at lower levels of the organization is known as: (Points : 1)

Question 4.4. A plan which focuses on ongoing activities designed to achieve an enduring set of goals and may become a more permanent policy or rule is called a _____. (Points : 1)

Question 5.5. A(n) _____ strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribution of resources among those businesses. (Points : 1)

Question 6.6. In _____ planning, frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human resource requirements. (Points : 1)

Question 7.7. A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization in order to formulate strategy is known as: (Points : 1) 

Question 8.8. Which of the following is true of the strategic goals of an organization? (Points : 1)

Question 9.9. Which of the following steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends? (Points : 1)

Question 10.10. In the context of the planning process, which of the following statements is true of the final step that involves monitoring and controlling performance? (Points : 1)

Question 11.11. In the context of the planning process, implementation of selected plans will be most successful when: (Points : 1)

Question 12.12. In which step of the planning process do managers identify the priorities and trade-offs among goals and plans? (Points : 1)

Question 13.13. The outcome of situational analysis is the: (Points : 1)

Question 14.14. In the context of the planning process, _____ are the targets or ends the manager wants to reach. (Points : 1)

Question 15.15. The process of translating broad strategic goals and plans into specific goals and plans relevant to a particular portion of the organization is known as: (Points : 1)