Chapter 7 and 8 - TB

Chapter 7 and 8 - TB - True/False Questions The set of...

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True/False Questions 1 . The set of decisions that managers take to assist the organization in the attainment of its goals is called the strategy of the organization . Answer: True Page: 251 2 . Planning is a goal making but not a strategy-making process . Answer: False Page: 251 3 . The last step in the planning process is to determine the organization's mission and goals . Answer: False Page: 251 4 . A broad statement of the organization's purpose, its products, and its customers is called a mission statement . Answer: True Page: 251 5 . Planning takes place at the corporate level and the business level of the organization, but not at the functional level of the organization . Answer: False Page: 251 6 . The divisions of the organization exist at the business level of the organization . Answer: True Page: 251 7 . The corporate-level plan of an organization contains the decisions that are related to the organization's mission, goals, strategy, and structure . Answer: True Page: 252 8 . Another name for a department of an organization is a function . Answer: True Page: 252 9 . Functional goals and strategies need not be consistent with divisional goals and strategies . Answer: False Page: 253
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10 . In the typical organization, corporate-level planning is the primary responsibility of first-line supervisors . Answer: False Page: 254 11 . In the typical organization, top managers are primarily responsible for planning which takes place at the business level of the organization . Answer: False Page: 254 12 . The number of months covered in the typical business plan is known as the time horizon of the plan . Answer: True Page: 254 13 . A business plan which is updated every year depending on the changes in the organization and in the external environment that have taken place in the previous year is known as a rolling plan . Answer: True Page: 254 14 . Standing plans are useful in situations that involve programmed decisions . Answer: True Page: 256 15 . A general guide to action within an organization is called an SOP of the organization . Answer: False Page: 256 16 . A written set of instructions that describes the series of actions that a manager should take in a specific situation is called an SOP of the organization . Answer: True Page: 256 17 . A written procedure that requires any employee who receives a gift worth more than $25 from a customer to report that gift to his or her organization is called a rule . Answer: True Page: 256 18 . Single-use plans are intended to be used primarily in programmed decision- making situations . Answer: False Page: 256
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19 . According to Fayol, managers should stay committed to a static plan instead of to a flexible plan . Answer: False
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This note was uploaded on 02/12/2012 for the course ECON 101 taught by Professor Abrams during the Spring '11 term at Adams State University.

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Chapter 7 and 8 - TB - True/False Questions The set of...

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