Reference no: EM132410611

1. Which of the following is an advantage of planning? a. It eliminates all risks. b. It enhances decision coordination. c. It emphasizes immediate goals. d. It suboptimizes the use of resources. e. It promotes individual performance.

2. ________ is the process of formulating a detailed listing of activities that must be accomplished to attain an objective, allocating the resources necessary to attain the objective, and setting up and following timetables for completing the objective. a. Forecasting b. Interacting c. Regression d. Scheduling e. Networking

3. A purpose of planning intended to minimize risk by reducing uncertainties in the managerial environment is known as ________ planning. a. assumption b. tactical c. protective d. elimination e. premise

4. A single-use financial plan that covers a specified length of time is known as a(n) ________. a. offshoot b. microsystem c. spinoff d. subsystem e. budget

5. Which of the following is the first step in the management by objectives (MBO) process? a. set worker objectives b. review organizational objectives c. develop performance evaluation criteria d. evaluate past performance e. establish rewards

6. One of the primary advantages of management by objectives (MBO) is that ________. a. it saves time b. it is an easy process c. it gains employee commitment d. it reduces the volume of paper work e. it places the responsibility of goal attainment solely on managers

7. Which of the following is a traditional technique for managers to use when handling a programmed decision? a. judgment b. rules of thumb c. habit d. intuition e. training

8. An advantage of brainstorming is that ________. a. it allows members to know why individuals voted the way they did b. it provides the option of supporting or rejecting an idea without fear of recrimination c. it supports the expression of as many useful ideas as possible d. it is suitable for teams whose group members are geographically dispersed e. members are not required to defend their ideas

9. Which of the following is true about the definition of bounded rationality? a. Managers rely on their inborn ability to synthesize information quickly and effectively. b. Managers have access to finish and accurate information for making a decision. c. Managers adhere to rules of thumb when making decisions. d. Statistical probabilities can be attributed to alternative potential outcomes. e. Managers do not always have access to the resources required to make rational decisions.

10. After identifying an existing problem, the next step in the decision-making process is ________. a. selecting the best among the alternative solutions b. listing alternative solutions c. identifying organizational objectives d. gathering feedback on the implemented alternative e. implementing the selected alternative