Question 1

Jerrod's company provides a policy document to every new employee that details procedures for time tracking, requesting vacation, and managing 401K enrollment cycles. This document is an example of a ________ plan.

Accepted Answer

A standing plan is a policy or procedure that is used repeatedly over time, such as the policy document Jerrod's company provides to new employees.

Question 2

A ________ plan is generally reviewed and amended in conjunction with a company's annual financial budget cycles to take into account changing conditions in the external business environment.

Accepted Answer

A rolling plan is continuously updated and reviewed, often in line with a company's annual financial budget cycles, to adapt to changes in the external business environment.

Question 3

Advanco, which completes in a highly competitive, fluctuating market, uses a(n)________ corporate-level plan so it can make midcourse corrections while keeping its long-term goals in mind.

Accepted Answer

A rolling corporate-level plan allows Advanco to make adjustments as needed while still focusing on its long-term objectives, which is essential in a competitive and fluctuating market.

Question 4

Jessie's law firm has a formal document that defines a zero-tolerance attitude toward sexual harassment and the consequences of any violations. This is a

Accepted Answer

The answer of Jessie's law firm has a formal document...

Question 5

Pinnacle Financial Services managers meet annually to create a list of potential future complications and plan how to respond to each possibility. Pinnacle is practicing ________ planning.

Accepted Answer

Contingency planning involves preparing for unexpected events or emergencies by creating strategies to address potential future complications.

Question 6

The CEO of Blake's company effectively motivates employees by actively engaging them in her vision of the company's goals and what she believes they can achieve in the industry. The CEO exhibits ________ skills.

Accepted Answer

The CEO exhibits strategic leadership skills by actively engaging employees in her vision of the company's goals and what she believes they can achieve in the industry. Strategic leadership involves setting a clear vision, communicating it effectively, and inspiring employees to work towards achieving it.

Question 7

Each department within an organization should develop a ________ strategy to outline how the department will improve its ability to perform task-specific activities in ways that add value to the organization's goods and services.

Accepted Answer

A functional-level strategy focuses on improving the efficiency and effectiveness of specific departmental activities, aligning them with the organization's overall goals.

Question 8

When situations occur repeatedly, organizations can develop ________ plans to outline policies, rules, and standard operating procedures (SOPs)on how to handle those situations.

Accepted Answer

Standing plans are designed for repeated use in situations that occur regularly, providing guidelines for handling such situations through policies, rules, and SOPs.

Question 9

The management team of an automobile company's luxury division decides to release a new model a month ahead of the planned date and notifies all departments associated with the division. The departmental managers must alter their ________ plans to accommodate the earlier release.

Accepted Answer

Functional-level plans are specific to departments and involve day-to-day operations, which need adjustment for an earlier product release.

Question 10

A company's annual budget has a(n)________ of one year.

Accepted Answer

The term "time horizon" refers to the period over which a plan, project, or budget is intended to be effective or relevant. In this context, a company's annual budget has a time horizon of one year.

Question 11

A management team considers the organization's strengths and weaknesses as well as opportunities and threats in its current marketplace. The team is performing a ________ analysis.

Accepted Answer

SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats involved in a project or business venture.

Question 12

A functional-level plan establishes the goals that the managers of each function will pursue to help the division attain its ________ goals, which then allow achievement of ________ goals.

Accepted Answer

Functional-level plans are designed to support the business-level goals, which in turn support the overarching corporate-level goals.

Question 13

The employee handbook expresses an expectation that employees make every attempt to schedule their vacation time around any existing business commitments. This is an example of a

Accepted Answer

A policy is a guiding principle used to set direction in an organization. The expectation for employees to schedule vacations around business commitments is a guideline rather than a strict rule or procedure.

Question 14

The plastics division managers of a packaging company develops a ________ strategy to outline how it will compete against competitors.

Accepted Answer

A business-level strategy is developed to outline how a division or unit will compete against its competitors within a specific market or industry.

Question 15

The intermediate- and short-term plans created within a work group typically address the ________ goals and strategies of an organization.

Accepted Answer

Intermediate- and short-term plans within a work group typically focus on functional goals and strategies, which are specific to particular departments or functions within an organization.

Question 16

As an event planner, Nicole prepares a detailed summary of the client's specific requirements, activities to be performed, and target dates for each activity. This is an example of a ________ plan.

Accepted Answer

A single-use plan is designed for a specific event or project, detailing activities and timelines, which aligns with Nicole's preparation for a client's event.

Question 17

Although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are expected to dress in business casual attire each day. This dress code is a ________ of the organization.

Accepted Answer

A policy is a guiding principle used to set direction in an organization. The dress code, although not written, serves as a guideline for employee behavior.

Question 18

Within 30 days of receiving a gift valued over $50 from a client, sales representatives in the company are required to submit a written disclosure. This is an example of a

Accepted Answer

The answer of Within 30 days of receiving a gift...

Question 19

Prior to defining an organization's missions and goals, managers must

Accepted Answer

Defining the business is a fundamental step that helps managers understand the scope and purpose of the organization, which is essential before setting missions and goals.

Question 20

The organizers of an upcoming festival conduct a meeting to discuss the steps that would be taken in the event of various weather or community events that may impact the festival. This activity is an example of ________ planning.

Accepted Answer

The answer of The organizers of an upcoming festival conduct...

Quiz 8: The Manager As a Planner and Strategist