MGMT 3820 TEST 2 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED
Planning
Choosing a goal and developing a strategy to achieve that goal
Proximal Goals
More effective; Short-term goals or sub-goals
Distal Goals
long-term or primary goals
Options Based Planning
Maintaining planning flexibility by making small, simultaneous investments in many
alternative plans
Strategic Plans
TOP MANAGERS; Overall company plans that clarify how the company will serve
customers and position itself against competitors over the next two to five years
Vision
TOP MANAGERS; inspirational statement of an organizations enduring purpose
Mission
TOP MANAGERS; a statement of a company's overall goal that unifies company-wide
efforts toward its vision, stretches and challenges the organization, and possesses a
finish line and a timeframe
Tactical Plans
, MIDDLE MANAGERS; plans created and implemented by middle managers that specify
how the company will use resources, budgets, and people over the next six months to
two years to accomplish specific goals within its mission
Management by Objectives
MIDDLE MANAGERS; a four step process in which managers and employees discuss
and select goals, develop tactical plans, and meet regularly to review progress toward
goal accomplishment
Operational Plans
FIRST LEVEL MANAGERS: day to day plans. developed and implemented by lower
level managers, for producing or delivering the organizations products and services
over a 30 day to 6 month period
Single Use Plans
plans that cover unique one time only events
Standing plans
plans used repeatedly to handle frequently recurring events
Policy
a standing plan that indicates the general course of action that should be taken in
response to a particular event or situation
Procedure
a standing plan that indicates the specific steps that should be taken in response to a
particular event
Rules & Regulations
COMPLETE SOLUTIONS VERIFIED
Planning
Choosing a goal and developing a strategy to achieve that goal
Proximal Goals
More effective; Short-term goals or sub-goals
Distal Goals
long-term or primary goals
Options Based Planning
Maintaining planning flexibility by making small, simultaneous investments in many
alternative plans
Strategic Plans
TOP MANAGERS; Overall company plans that clarify how the company will serve
customers and position itself against competitors over the next two to five years
Vision
TOP MANAGERS; inspirational statement of an organizations enduring purpose
Mission
TOP MANAGERS; a statement of a company's overall goal that unifies company-wide
efforts toward its vision, stretches and challenges the organization, and possesses a
finish line and a timeframe
Tactical Plans
, MIDDLE MANAGERS; plans created and implemented by middle managers that specify
how the company will use resources, budgets, and people over the next six months to
two years to accomplish specific goals within its mission
Management by Objectives
MIDDLE MANAGERS; a four step process in which managers and employees discuss
and select goals, develop tactical plans, and meet regularly to review progress toward
goal accomplishment
Operational Plans
FIRST LEVEL MANAGERS: day to day plans. developed and implemented by lower
level managers, for producing or delivering the organizations products and services
over a 30 day to 6 month period
Single Use Plans
plans that cover unique one time only events
Standing plans
plans used repeatedly to handle frequently recurring events
Policy
a standing plan that indicates the general course of action that should be taken in
response to a particular event or situation
Procedure
a standing plan that indicates the specific steps that should be taken in response to a
particular event
Rules & Regulations
