BMGT Chapter Review – Exam 1 Focus (3, 5, 6,
7) – 100% Verified Answers
Which of the following is the fundamental purpose of planning? - ✔✔To help the organization reach its
objectives
Which type of plan supplies broad guidelines for action that support organizational objectives? - ✔✔A
policy
What is the affirmative purpose of planning? - ✔✔Increasing organizational success
When setting objectives for where a firm would like to be in comparison to competitors, what key area
of objectives is being considered? - ✔✔Market standing
Which of the following is an example of a single-use plan? - ✔✔A budget
The process of predicting future environmental issues is primarily accomplished through _________. -
✔✔Forecasting
Which guideline for establishing objectives focuses on helping a worker to be better motivated in
carrying out an objective? - ✔✔Let the people responsible for attaining the objectives have a voice in
setting them
Which of the following is an advantage of using an MBO approach? - ✔✔Securing employee
commitment to reaching organizational goals
Which term refers to developing action programs for the purpose of accomplishing business objectives?
- ✔✔Planning
Which of the following is an example of a standing plan? - ✔✔A sustainability policy
, When management outlines its commitment to new methods of operation, what type of objective is
being set? - ✔✔Innovation
Raul is a manager who wants to make sure his subordinates know how he will determine whether an
objective has been reached. On which guideline for establishing objectives is Raul focusing? -
✔✔Pinpointing expected results
Which method of sales forecasting is based on the informal but informed opinions of managers? -
✔✔The jury of executive opinion method
_______ has/have been described as being slow, comprehensive, and deliberate, whereas _______ is
fast and automatic. - ✔✔The rational decision-making process; intuition
The group decision-making process in which negative feedback is banned until all members have
presented an alternative is known as ______. - ✔✔Brainstorming
Which of the following is a key advantage of group decision making? - ✔✔Group members perceive the
decision as their own and are more likely to take responsibility for it.
The basic element of decision making that focuses on deciding the best course of action among
potential solutions is called ________. - ✔✔The choice of alternatives
Wallace is a decision maker at an organization and is unsure of what will be the outcome of an
alternative in a simple decision situation. What decision-making tool would be most helpful for Wallace
considering his predicament? - ✔✔Probability theory
Which of the following terms describes the negative effect of having too many alternatives? -
✔✔Paradox of choice
The proportion of the total management system that will be affected by a decision is known as
________. - ✔✔The scope of the decision
7) – 100% Verified Answers
Which of the following is the fundamental purpose of planning? - ✔✔To help the organization reach its
objectives
Which type of plan supplies broad guidelines for action that support organizational objectives? - ✔✔A
policy
What is the affirmative purpose of planning? - ✔✔Increasing organizational success
When setting objectives for where a firm would like to be in comparison to competitors, what key area
of objectives is being considered? - ✔✔Market standing
Which of the following is an example of a single-use plan? - ✔✔A budget
The process of predicting future environmental issues is primarily accomplished through _________. -
✔✔Forecasting
Which guideline for establishing objectives focuses on helping a worker to be better motivated in
carrying out an objective? - ✔✔Let the people responsible for attaining the objectives have a voice in
setting them
Which of the following is an advantage of using an MBO approach? - ✔✔Securing employee
commitment to reaching organizational goals
Which term refers to developing action programs for the purpose of accomplishing business objectives?
- ✔✔Planning
Which of the following is an example of a standing plan? - ✔✔A sustainability policy
, When management outlines its commitment to new methods of operation, what type of objective is
being set? - ✔✔Innovation
Raul is a manager who wants to make sure his subordinates know how he will determine whether an
objective has been reached. On which guideline for establishing objectives is Raul focusing? -
✔✔Pinpointing expected results
Which method of sales forecasting is based on the informal but informed opinions of managers? -
✔✔The jury of executive opinion method
_______ has/have been described as being slow, comprehensive, and deliberate, whereas _______ is
fast and automatic. - ✔✔The rational decision-making process; intuition
The group decision-making process in which negative feedback is banned until all members have
presented an alternative is known as ______. - ✔✔Brainstorming
Which of the following is a key advantage of group decision making? - ✔✔Group members perceive the
decision as their own and are more likely to take responsibility for it.
The basic element of decision making that focuses on deciding the best course of action among
potential solutions is called ________. - ✔✔The choice of alternatives
Wallace is a decision maker at an organization and is unsure of what will be the outcome of an
alternative in a simple decision situation. What decision-making tool would be most helpful for Wallace
considering his predicament? - ✔✔Probability theory
Which of the following terms describes the negative effect of having too many alternatives? -
✔✔Paradox of choice
The proportion of the total management system that will be affected by a decision is known as
________. - ✔✔The scope of the decision
