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Management Practice Test: Foundations of Planning (Test)
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Avg score: 25% • Most missed: “In a means-ends chain, a goal at a lower level ________.”
Management Practice Test: Foundations of Planning (Test)
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25 Questions

1. In addition to being made by by both managers and employees, MBO goals must be ________.
2. To address limited, short-term problems a company is most likely to employ a ________ strategy.
3. Most successful companies find that ________ a competitive advantage is almost as difficult as developing a competitive advantage.
4. One criticism of formal planning is that it focuses on how to beat the competition rather than how to ________.
5. One effect of planning on managers is that it forces them to ________.
6. A company's strategic weapon is any product, service, or other attribute it has that ________.
7. Failing to discard successful plans from the past is likely to lead to ________.
8. Strategic plans address ________.
9. All of the following are threats to a sustainable, long-term competitive advantage EXCEPT ________.
10. Growth strategies include ________.
11. Which of the following is NOT a reason for managers to plan?
12. MBO programs are usually successful largely because they ________.
13. Planning is concerned with ________.
14. Directional plans ________.
15. In management by objectives (MBO), goals ________.
16. A company whose goal is to retain its ideal size and market share is employing which kind of strategy?
17. Which of the following do managers NOT typically use to formulate strategies?
18. The commitment concept states that plans should ________.
19. In traditional goal setting, these individuals set goals.
20. An organization's capabilities identify ________.
21. SWOT analysis identifies and analyzes an organization's ________.
22. When Google purchased YouTube, a company that featured different, but related products, Google was engaging in which of the following?
23. A mission statement includes identification of an organization's ________.
24. In formal planning, ________.
25. A corporate strategy focuses primarily on ________.

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