MGMT 301 Exam 2 Questions With Correct
Answers
Planning |(Definition) |- |CORRECT |ANSWER✔✔-The |process |of |setting |performance |objectives |
and |determining |how |to |get |them |done
Two |types |of |personal |planning |(Work |Style |& |Life |Style) |- |CORRECT |ANSWER✔✔-Judging |and |
perceiving |(you |will |have |a |dominant |personality)
Judging |- |CORRECT |ANSWER✔✔-Very |structured, |organized, |at |work |and |play, |straight |line
Perceiving |- |CORRECT |ANSWER✔✔-Flexible, |spontaneous, |circle
Big |Four |- |CORRECT |ANSWER✔✔-Planning, |controlling, |strategy, |structure
4 |components |of |good |planning |- |CORRECT |ANSWER✔✔-Action |oriented, |priority |oriented, |
advantage |oriented, |change |oriented
Big |Rocks |- |CORRECT |ANSWER✔✔-Point |is |priorities |are |key |in |planning. |Must |start |with |most |
important |stuff |first.
Planning |Process |Steps |- |CORRECT |ANSWER✔✔-Define |objectives
compare |current |to |objectives
compare |future |alternatives
analyze |alternatives |(make |plan)
Implement |and |evaluate
,Planning |hierarchy |- |CORRECT |ANSWER✔✔-At |the |top |is |the |mission |and |purpose. |Alignment |
& |follow |through |objectives |with |different |levels |of |management
Long |Range |Plans |- |CORRECT |ANSWER✔✔-3 |plus |years
Short |Range |Plans |- |CORRECT |ANSWER✔✔-3-12 |months
Operational |Plan |- |CORRECT |ANSWER✔✔-Financial, |Marketing, |Production
Tactical |Plan |- |CORRECT |ANSWER✔✔-Facilities, |Human |Resources
Company |Policy |- |CORRECT |ANSWER✔✔-Broad |Guidelines
Company |Procedures |- |CORRECT |ANSWER✔✔-specific |action
Budget |- |CORRECT |ANSWER✔✔-Connects |plans |with |resources
Big |six |planning |tools |- |CORRECT |ANSWER✔✔-Forecasting, |Contingency, |Scenario, |
Benchmarking, |Participatory, |Goal |Setting
Forecasting |- |CORRECT |ANSWER✔✔-Using |statistical |tools |and |intuition |based |on |experience |
to |predict |a |future |state
Contingency |Planning |- |CORRECT |ANSWER✔✔-Identifying |actions |to |take |when |a |strategic |or |
tactical |plan |goes |wrong
, Scenario |Planning |- |CORRECT |ANSWER✔✔-Considering |future |scenarios |and |developing |plans |
to |address |those |issues
Benchmarking |- |CORRECT |ANSWER✔✔-Comparing |your |company |to |outside |organizations |
both |in |your |industry |and |in |other |businesses
Participatory |Planning |- |CORRECT |ANSWER✔✔-Including |those |impacted |and |or |who |will |
implement |your |plan |in |the |process
Goal |Setting |- |CORRECT |ANSWER✔✔-Developing |clear |quantified |measures |that |guides |the |
organization's |and |the |individual's |work
5 |key |components |of |a |goal |- |CORRECT |ANSWER✔✔-Specific, |timely, |attainable, |challenging, |
measurable
Shanghai |Disney |- |CORRECT |ANSWER✔✔-Disney's |new |amusement |park. |Press |conference |
singing |in |Chinese |and |English
Controlling |(Start |of |ch |6) |- |CORRECT |ANSWER✔✔-Ensuring |results |by |measuring |performance
|and |taking |corrective |action. |Right |things |happen, |in |the |right |way, |and |at |the |right |time
4 |Steps |of |Control |Process |- |CORRECT |ANSWER✔✔-Set |performance |objectives, |measure |
actual |performance, |compare |actual |to |objectives, |take |actions |to |control |process
4 |R's |of |Disney |- |CORRECT |ANSWER✔✔-Rides, |Retail, |Restaurants, |Rest
SKU |- |CORRECT |ANSWER✔✔-Stock |Keeping |Unit
Managerial |Feedback |- |CORRECT |ANSWER✔✔-Inputs |to |throughputs |to |outputs
Answers
Planning |(Definition) |- |CORRECT |ANSWER✔✔-The |process |of |setting |performance |objectives |
and |determining |how |to |get |them |done
Two |types |of |personal |planning |(Work |Style |& |Life |Style) |- |CORRECT |ANSWER✔✔-Judging |and |
perceiving |(you |will |have |a |dominant |personality)
Judging |- |CORRECT |ANSWER✔✔-Very |structured, |organized, |at |work |and |play, |straight |line
Perceiving |- |CORRECT |ANSWER✔✔-Flexible, |spontaneous, |circle
Big |Four |- |CORRECT |ANSWER✔✔-Planning, |controlling, |strategy, |structure
4 |components |of |good |planning |- |CORRECT |ANSWER✔✔-Action |oriented, |priority |oriented, |
advantage |oriented, |change |oriented
Big |Rocks |- |CORRECT |ANSWER✔✔-Point |is |priorities |are |key |in |planning. |Must |start |with |most |
important |stuff |first.
Planning |Process |Steps |- |CORRECT |ANSWER✔✔-Define |objectives
compare |current |to |objectives
compare |future |alternatives
analyze |alternatives |(make |plan)
Implement |and |evaluate
,Planning |hierarchy |- |CORRECT |ANSWER✔✔-At |the |top |is |the |mission |and |purpose. |Alignment |
& |follow |through |objectives |with |different |levels |of |management
Long |Range |Plans |- |CORRECT |ANSWER✔✔-3 |plus |years
Short |Range |Plans |- |CORRECT |ANSWER✔✔-3-12 |months
Operational |Plan |- |CORRECT |ANSWER✔✔-Financial, |Marketing, |Production
Tactical |Plan |- |CORRECT |ANSWER✔✔-Facilities, |Human |Resources
Company |Policy |- |CORRECT |ANSWER✔✔-Broad |Guidelines
Company |Procedures |- |CORRECT |ANSWER✔✔-specific |action
Budget |- |CORRECT |ANSWER✔✔-Connects |plans |with |resources
Big |six |planning |tools |- |CORRECT |ANSWER✔✔-Forecasting, |Contingency, |Scenario, |
Benchmarking, |Participatory, |Goal |Setting
Forecasting |- |CORRECT |ANSWER✔✔-Using |statistical |tools |and |intuition |based |on |experience |
to |predict |a |future |state
Contingency |Planning |- |CORRECT |ANSWER✔✔-Identifying |actions |to |take |when |a |strategic |or |
tactical |plan |goes |wrong
, Scenario |Planning |- |CORRECT |ANSWER✔✔-Considering |future |scenarios |and |developing |plans |
to |address |those |issues
Benchmarking |- |CORRECT |ANSWER✔✔-Comparing |your |company |to |outside |organizations |
both |in |your |industry |and |in |other |businesses
Participatory |Planning |- |CORRECT |ANSWER✔✔-Including |those |impacted |and |or |who |will |
implement |your |plan |in |the |process
Goal |Setting |- |CORRECT |ANSWER✔✔-Developing |clear |quantified |measures |that |guides |the |
organization's |and |the |individual's |work
5 |key |components |of |a |goal |- |CORRECT |ANSWER✔✔-Specific, |timely, |attainable, |challenging, |
measurable
Shanghai |Disney |- |CORRECT |ANSWER✔✔-Disney's |new |amusement |park. |Press |conference |
singing |in |Chinese |and |English
Controlling |(Start |of |ch |6) |- |CORRECT |ANSWER✔✔-Ensuring |results |by |measuring |performance
|and |taking |corrective |action. |Right |things |happen, |in |the |right |way, |and |at |the |right |time
4 |Steps |of |Control |Process |- |CORRECT |ANSWER✔✔-Set |performance |objectives, |measure |
actual |performance, |compare |actual |to |objectives, |take |actions |to |control |process
4 |R's |of |Disney |- |CORRECT |ANSWER✔✔-Rides, |Retail, |Restaurants, |Rest
SKU |- |CORRECT |ANSWER✔✔-Stock |Keeping |Unit
Managerial |Feedback |- |CORRECT |ANSWER✔✔-Inputs |to |throughputs |to |outputs
