Question 1

A(n)_______ does not necessarily communicate the real difference in the importance of objectives.&#10;A) Simple flow&#10;B) Simple ranking&#10;C) Statistical measure&#10;D) Established priority

Accepted Answer

Simple ranking can be misleading as it only orders objectives in a linear fashion without taking into account the degree of importance or impact each objective may have. Therefore, a lower ranked objective may actually be more important than a higher ranked one. Other methods such as established priority or statistical measures take into account the relative importance of each objective.

Question 2

It is far easier to quantify the objectives of ______,like production,than of certain ______ areas like personnel.&#10;A) Line units; function&#10;B) Staff units; line&#10;C) Outcomes; staff&#10;D) Line units; staff

Accepted Answer

Line units are directly involved in the core operations of a business, such as production, making their objectives easier to quantify. Staff areas, like personnel, support the line units and often have objectives that are harder to quantify.

Question 3

Short-term objectives are more consistent when they clearly state what is to be accomplished,when it will be accomplished and how its accomplishment will be:&#10;A) Qualified&#10;B) Benchmarked&#10;C) Measured&#10;D) Strategized

Accepted Answer

Short-term objectives need to be measured to determine if they have been accomplished or not. Measuring and evaluating the accomplishment of the objective is essential to determine the effectiveness of the strategies used to achieve it.

Question 4

Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually:&#10;A) Need little coordination&#10;B) Require additional personnel&#10;C) Focus on public relations&#10;D) Require organizational coordination

Accepted Answer

Short-term objectives typically require organizational coordination, as they involve tasks or goals that require multiple departments or individuals to work together. Discussing and agreeing on these objectives can bring up potential conflicts, such as resource allocation or differing priorities, which can be addressed through effective communication and collaboration. Choices A, B, and C are not directly related to the issue at hand.

Question 5

_______ are usually accompanied by subsequent action plans.&#10;A) Action ideas&#10;B) Long-term objectives&#10;C) Short-term objectives&#10;D) Policies

Accepted Answer

Short-term objectives are usually accompanied by subsequent action plans because they are specific and measurable goals that can be achieved within a short period of time, and therefore require specific actions to accomplish. Long-term objectives may also have action plans, but they are usually broader in scope and may require more extensive planning and implementation. Policies are guidelines or rules that provide direction for decision-making or actions, but may not necessarily have specific action plans associated with them. Action ideas may be creative or innovative suggestions for addressing a particular issue or problem, but may not necessarily include specific action plans.

Question 6

Which of the following is NOT an example of a quality of effective short-term objectives?&#10;A) Measurability&#10;B) Priorities&#10;C) Definition of the market&#10;D) Linked to long-term objectives

Accepted Answer

Definition of the market is not a quality of effective short-term objectives. Measurability, priorities, and linkage to long-term objectives are all important qualities to ensure that short-term objectives are specific, achievable, and contribute to overall strategic goals.

Question 7

Difficulties in quantifying objectives often can be overcome by initially focusing on measurable activity and then identifying measurable&#10;A) resources&#10;B) capabilities&#10;C) outcomes&#10;D) policies

Accepted Answer

Measurable activities can serve as precursors to measurable outcomes. By focusing on the activities that contribute to achieving an objective, it becomes clearer how to quantify the eventual outcomes. Therefore, the measurable activities can help in identifying measurable outcomes. Measurable resources and capabilities are important, but they are not the best choice for overcoming difficulties in quantifying objectives. Policies are guidelines for decision-making and are not directly measurable.

Question 8

Short-term objectives __________ long-term objectives.&#10;A) Limit the effectiveness of&#10;B) Operationalize&#10;C) Decrease the need for&#10;D) Justify

Accepted Answer

Short-term objectives serve as the practical steps towards achieving long-term objectives. Therefore, operationalizing short-term objectives is the most appropriate choice. The other options do not properly describe the relationship between short-term and long-term objectives.

Question 9

______ identify who is responsible for each action in the plan.&#10;A) Action ideas&#10;B) Long-term objectives&#10;C) Action plans&#10;D) Policies

Accepted Answer

Action plans detail the specific steps necessary to achieve goals and objectives, including who is responsible for each action.

Question 10

________ can help avoid conflicting assumptions about the relative importance of annual objectives,which could otherwise inhibit progress toward strategic effectiveness.&#10;A) Establishing priorities&#10;B) Establishing action plans&#10;C) Distinguishing the measurable objectives&#10;D) Establishing measurable outcomes

Accepted Answer

Establishing priorities helps to clarify which objectives are most important and should receive the most focus and resources, thereby avoiding conflicting assumptions about the relative importance of annual objectives. Without establishing priorities, different stakeholders may have different ideas of what objectives are most important, which can hinder progress towards strategic effectiveness.

Question 11

Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities,which can make feedback,correction and evaluation&#10;A) More relevant and acceptable&#10;B) More expensive&#10;C) More difficult&#10;D) More geared toward growth

Accepted Answer

The answer of Short-term objectives assist strategy implementation by identifying...

Question 12

Which of the following items is NOT an example of how action plans enhance short-term objectives?&#10;A) Specificity&#10;B) Link to long-term strategy&#10;C) Time frame for completion&#10;D) Definition of who is responsible for what

Accepted Answer

The answer of Which of the following items is NOT...

Question 13

If X-Corp.'s car polish division has committed to a 30 percent gain in revenue over six years,they must consider the specific target in revenue during the current quarter to indicate they are making appropriate progress.This smaller objective for the fiscal quarter is called a:

A) Short-term objective
B) Short-term technique
C) Long-term objective
D) Strategic goal

Accepted Answer

The answer of If X-Corp.'s car polish division has committed...

Question 14

Words like &#34;primary,&#34; &#34;top,&#34; and &#34;secondary,&#34; may be used to indicate:&#10;A) Long-term objectives&#10;B) Measurability&#10;C) Priority&#10;D) Strategic objectives

Accepted Answer

The answer of Words like &#34;primary,&#34; &#34;top,&#34; and &#34;secondary,&#34; may...

Question 15

___________ are measurable outcomes achievable or intended to be achieved in one year or less.&#10;A) Targets&#10;B) Goals&#10;C) Short-term objectives&#10;D) Long-term objectives

Accepted Answer

The answer of ___________ are measurable outcomes achievable or intended...

Question 16

Difficulties in quantifying objectives can often be overcome by initially focusing on _________ and then identifying _________.&#10;A) Measurability; functions&#10;B) Measurable activity; measurable outcomes&#10;C) Measurable outcomes; measurable activity&#10;D) Line units; measurable activity

Accepted Answer

The answer of Difficulties in quantifying objectives can often be...

Question 17

Business strategies,grand strategies,and ______ are critically important in crafting a successful future.&#10;A) Long-term objectives&#10;B) Core rigidities&#10;C) Business units&#10;D) Functional hierarchies

Accepted Answer

The answer of Business strategies,grand strategies,and ______ are critically important...

Question 18

Short-term objectives are usually accompanied by subsequent:&#10;A) Action ideas&#10;B) Long-term objectives&#10;C) Action plans&#10;D) Policies

Accepted Answer

The answer of Short-term objectives are usually accompanied by subsequent:&#10;A)...

Question 19

Short-term objectives are usually:&#10;A) Completed within two months&#10;B) Quantitative&#10;C) Qualitative&#10;D) Set to be completed within five years

Accepted Answer

The answer of Short-term objectives are usually:&#10;A) Completed within two...

Question 20

To make business strategies,grand strategies and long-term objectives a reality,the people in an organization who ________ need guidance in exactly what they need to do.&#10;A) &#34;Do the work&#34;&#10;B) Make corporate decisions&#10;C) Manage the business unit&#10;D) Compete

Accepted Answer

The answer of To make business strategies,grand strategies and long-term...

Question 21

One benefit of short-term objectives and action plans is its _________,which clarify personal and group roles in a firm's strategies and help realistically challenge managers to perform well.These objectives are particularly effective when linked to the firm's reward structure.

A) Motivational payoff
B) Structured clarity
C) Compensation structure
D) Complicated nature

Accepted Answer

The answer of One benefit of short-term objectives and action...

Question 22

A benefit of functional tactics is that the ____ of developing them,when done right,can be a forum for raising and resolving conflicts between strategic intent and operational realities due to operational issues not immediately known to higher management.

A) Process
B) Strategy
C) Time
D) Clarity

Accepted Answer

The answer of A benefit of functional tactics is that...

Question 23

__________ obtaining work previously done by employees inside the companies from sources outside the company.&#10;A) Specialization&#10;B) Fragmentation&#10;C) Outsourcing&#10;D) Acquisition or merging

Accepted Answer

The answer of __________ obtaining work previously done by employees...

Question 24

Which is NOT one of the differences between business strategies and functional tactics?&#10;A) Reinforcement of the strategy&#10;B) Time horizon&#10;C) Specificity&#10;D) Participants who develop them

Accepted Answer

The answer of Which is NOT one of the differences...

Question 25

________ are key,routine activities that must be undertaken in each functional area.&#10;A) Business tactics&#10;B) Resource tactics&#10;C) Functional tactics&#10;D) Corporate tactics

Accepted Answer

The answer of ________ are key,routine activities that must be...

Question 26

Functional tactics translate thought (______)into action designed to accomplish specific short-term objectives.&#10;A) policies&#10;B) mission&#10;C) vision&#10;D) grand strategy

Accepted Answer

The answer of Functional tactics translate thought (______)into action designed...

Question 27

Operating managers must establish short-term objectives and operating strategies that contribute to:&#10;A) Business-level goals&#10;B) Corporate-level goals&#10;C) Goals toward diversification&#10;D) Specialization

Accepted Answer

The answer of Operating managers must establish short-term objectives and...

Question 28

The link between short-term and long-term objectives should resemble ________ through the firm from basic long-term objectives to specific short-term objectives in key operation areas.&#10;A) Cascades&#10;B) Building blocks&#10;C) Small barriers&#10;D) Fences

Accepted Answer

The answer of The link between short-term and long-term objectives...

Question 29

Functional tactics are more _________ than business strategies.&#10;A) Specific&#10;B) Focused on the general direction of the firm&#10;C) Focused on a commitment to corporate strategy&#10;D) Long-term

Accepted Answer

The answer of Functional tactics are more _________ than business...

Question 30

The ___________ of functional tactics allows functional managers to adjust to changing current conditions.&#10;A) Shorter time horizon&#10;B) Focus on growth&#10;C) Specificity&#10;D) Business focus

Accepted Answer

The answer of The ___________ of functional tactics allows functional...

Question 31

__________ identify activities to be undertaken now or in the immediate future.&#10;A) Long-term tactics&#10;B) Business strategies&#10;C) Corporate strategies&#10;D) Functional tactics

Accepted Answer

The answer of __________ identify activities to be undertaken now...

Question 32

One benefit of short-term objectives and action plans is its _________,which clarify personal and group roles in a firm's strategies and help realistically challenge managers to perform well.These objectives are particularly effective when linked to the firm's reward structure.

A) Motivational payoff
B) Structured clarity
C) Compensation structure
D) Complicated nature

Accepted Answer

The answer of One benefit of short-term objectives and action...

Question 33

Every ________ in a company executes functional tactics that support the business's strategy and help accomplish strategic objectives.&#10;A) Competitive rivalry&#10;B) Supplier/customer&#10;C) Value chain activity&#10;D) Business unit manager

Accepted Answer

The answer of Every ________ in a company executes functional...

Question 34

Functional tactics translate _______ into action designed to accomplish specific short-term objectives.&#10;A) Corporate strategy&#10;B) Grand strategy&#10;C) Competitive will&#10;D) Business strength

Accepted Answer

The answer of Functional tactics translate _______ into action designed...

Question 35

Short-term objectives and action plans give operating personnel a better understanding of their role in the firm's ______.&#10;A) Goals&#10;B) Financial performance&#10;C) Strategic management&#10;D) Mission

Accepted Answer

The answer of Short-term objectives and action plans give operating...

Question 36

Which of the following is NOT a way that specificity in functional tactics contributes to successful implementation?&#10;A) Helping ensure that functional managers know what needs to be done and can focus on accomplishing results&#10;B) Limiting the need for top management's confidence in and sense of control over the business strategy&#10;C) Clarifying for top management how functional managers intend to accomplish the business strategy&#10;D) Facilitating coordination among operating units within the firm by clarifying areas of interdependence and potential conflict

Accepted Answer

The answer of Which of the following is NOT a...

Question 37

Some firms assign ____ to establish and communicate the relative priority of objectives.&#10;A) rewards&#10;B) objectives&#10;C) weights&#10;D) policies

Accepted Answer

The answer of Some firms assign ____ to establish and...

Question 38

Business strategies provide _______ direction.&#10;A) General&#10;B) Focused&#10;C) Generic&#10;D) Narrow

Accepted Answer

The answer of Business strategies provide _______ direction.&#10;A) General&#10;B) Focused&#10;C)...

Question 39

Involving operating managers can increase the __________ of operating managers to the strategies developed.&#10;A) Resistance&#10;B) Limitations&#10;C) Commitment&#10;D) Evaluation

Accepted Answer

The answer of Involving operating managers can increase the __________...

Question 40

Outsourcing starts for most firms with:&#10;A) The outsourcing of production&#10;B) The outsourcing of the marketing function&#10;C) The outsourcing of payroll production&#10;D) The outsourcing of corporate strategy decisions

Accepted Answer

The answer of Outsourcing starts for most firms with:&#10;A) The...

Question 41

One way operating managers _____ is through the use of policies.&#10;A) outsource&#10;B) strategize&#10;C) politicize&#10;D) empower

Accepted Answer

The answer of One way operating managers _____ is through...

Question 42

Policies ensure ______ action.&#10;A) slower&#10;B) quicker&#10;C) indirect&#10;D) loose

Accepted Answer

The answer of Policies ensure ______ action.&#10;A) slower&#10;B) quicker&#10;C) indirect&#10;D)...

Question 43

__________ are directives designed to guide the thinking,decisions and actions of managers and their subordinates in implementing a firm's strategy.&#10;A) Functional tactics&#10;B) Action plans&#10;C) Short-term objectives&#10;D) Policies

Accepted Answer

The answer of __________ are directives designed to guide the...

Question 44

Policies may be ________ or _________.&#10;A) Written and informal; unwritten and formal&#10;B) Written and formal; unwritten and formal&#10;C) Written and formal; unwritten and informal&#10;D) Written and informal; unwritten and informal

Accepted Answer

The answer of Policies may be ________ or _________.&#10;A) Written...

Question 45

Relentless cost cutting is the main force behind the trend of _____.&#10;A) Strategic planning&#10;B) Outsourcing&#10;C) Goal setting&#10;D) Globalization

Accepted Answer

The answer of Relentless cost cutting is the main force...

Question 46

___________ is the most frequently outsourced functional activity at 75 percent.&#10;A) Marketing&#10;B) Payroll&#10;C) Travel&#10;D) HR

Accepted Answer

The answer of ___________ is the most frequently outsourced functional...

Question 47

_______ communicate guidelines to decisions.&#10;A) Policies&#10;B) Action plans&#10;C) Functional tactics&#10;D) Business strategy objectives

Accepted Answer

The answer of _______ communicate guidelines to decisions.&#10;A) Policies&#10;B) Action...

Question 48

_________ is the main force behind the outsourcing trend.&#10;A) Relentless cost cutting&#10;B) Achieving internal synergies&#10;C) Better capital budgeting&#10;D) Keeping control internal

Accepted Answer

The answer of _________ is the main force behind the...

Question 49

Policies are also sometimes called&#10;A) standard operating procedures&#10;B) action plans&#10;C) functional tactics&#10;D) business strategy objectives

Accepted Answer

The answer of Policies are also sometimes called&#10;A) standard operating...

Question 50

Policies reduce _______ in day to day decision making.&#10;A) The need for operating personnel&#10;B) The number of routine problems&#10;C) The speed with which decisions can be made&#10;D) Uncertainty

Accepted Answer

The answer of Policies reduce _______ in day to day...

Question 51

__________ increase managerial effectiveness by standardizing many routine decisions and clarifying the discretion managers and subordinates can exercise in implementing functional tactics.&#10;A) Outsourcing&#10;B) Standard operating procedures&#10;C) Corporate cultures&#10;D) Action plans

Accepted Answer

The answer of __________ increase managerial effectiveness by standardizing many...

Question 52

__________ is acquiring an activity,service or product necessary to provide a company's products or services from &#34;outside&#34; the people or operations controlled by that acquiring company.&#10;A) Specialization&#10;B) Fragmentation&#10;C) Outsourcing&#10;D) Acquisition or merging

Accepted Answer

The answer of __________ is acquiring an activity,service or product...

Question 53

One way operating managers ensure decision making is consistent with the mission,strategy and tactics of the business while allowing considerable latitude to operating personnel is through the use of:&#10;A) Empowerment&#10;B) Policies&#10;C) Strategic evaluation&#10;D) Facilitating strategic design

Accepted Answer

The answer of One way operating managers ensure decision making...

Question 54

Policies establish __________ over independent action.&#10;A) strategic control&#10;B) Indirect control&#10;C) direct control&#10;D) visionary control

Accepted Answer

The answer of Policies establish __________ over independent action.&#10;A) strategic...

Question 55

Policies establish __________ over _________ by clearly stating how things are to be done _________.&#10;A) Indirect control; dependent action; in the future&#10;B) Indirect control; independent action; now&#10;C) Direct control; independent action; in the future&#10;D) Direct control; dependent action; now

Accepted Answer

The answer of Policies establish __________ over _________ by clearly...

Question 56

________ is the act of allowing an individual or team the right and flexibility to make decisions and initiate action.&#10;A) Management&#10;B) Micromanagement&#10;C) Empowerment&#10;D) Developing strategy

Accepted Answer

The answer of ________ is the act of allowing an...

Question 57

Which of the following is NOT a benefit of formal,written policies?&#10;A) They make variation in the treatment of individual problems more likely&#10;B) They reduce misunderstanding&#10;C) They systematically enhance indirect control and organization-wide coordination of the key purposes of policies&#10;D) They communicate the authorization or sanction of policies more clearly

Accepted Answer

The answer of Which of the following is NOT a...

Question 58

Policies counteract resistance to or rejection of chosen _______.&#10;A) vision statements&#10;B) strategies&#10;C) mission statements&#10;D) capabilities

Accepted Answer

The answer of Policies counteract resistance to or rejection of...

Question 59

Policies ________ basic aspects of organization behavior.&#10;A) Negotiate&#10;B) Institutionalize&#10;C) Justify&#10;D) Determine

Accepted Answer

The answer of Policies ________ basic aspects of organization behavior.&#10;A)...

Question 60

Policies offer predetermined answers to _____ problems.&#10;A) unique&#10;B) formal&#10;C) routine&#10;D) informal

Accepted Answer

The answer of Policies offer predetermined answers to _____ problems.&#10;A)...

Question 61

________ provide incentive for the executive to create wealth for shareholders as measured by increases in the firm's share price.&#10;A) Stock option grants&#10;B) Golden handcuffs&#10;C) Golden parachutes&#10;D) Cash-based plans

Accepted Answer

The answer of ________ provide incentive for the executive to...

Question 62

The ______ significance of policies can vary.&#10;A) visionary&#10;B) routine&#10;C) strategic&#10;D) important

Accepted Answer

The answer of The ______ significance of policies can vary.&#10;A)...

Question 63

A common measure of _______ creation is appreciation of company stock price&#10;A) shareholder wealth&#10;B) revenue&#10;C) sales&#10;D) job

Accepted Answer

The answer of A common measure of _______ creation is...

Question 64

The rationale behind golden handcuffs is that the plan:&#10;A) Promotes longer executive tenure than other forms of compensation&#10;B) Offsets the limitations of focusing on market-based measures of performance&#10;C) Offers an incentive for executives to remain with the firm&#10;D) Provides incentive for the executive to create wealth for shareholders as measured by increase in the firm's share price

Accepted Answer

The answer of The rationale behind golden handcuffs is that...

Deck 10: Implementation