76. In contrast to strategic plans, tactical plans must:
a.
specify resources and time frames.
b.
be developed independently of the internal business environment.
c.
be developed independently of the external business environment.
d.
be more general and broadly based.
e.
focus on resources, environment, and mission.
MGMT.GRIF.16. 3-6 – LO: 3-6
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Tactical Planning
Bloom’s: Comprehension
Digital Story: Connect
77. Which of the following statements is true about a tactical plan?
a.
It is an organized sequence of steps designed to execute strategic plans.
b.
It is exclusively developed by the board of directors.
c.
It is more broad and nonspecific when compared to a strategic plan.
d.
It is developed independently of the external business environment.
e.
It does not specify time frames and resources.
MGMT.GRIF.16. 3-6 – LO: 3-6
United States – BUSPROG: Reflective Thinking
MGMT.GRIF.16. 3-5 – LO: 3-5
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Formulating Corporate-level Strategies
Bloom’s: Knowledge
Digital Story: Engage
78. A(n) _____ is a single-use plan for a large set of activities. It might consist of identifying procedures for introducing a
new product line, opening a new facility, or changing the organization’s mission.
a.
policy
b.
entropy
c.
regulation
d.
project
e.
program
e
Easy
p.84
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Knowledge
Digital Story: Engage
79. _____ planning refers to the determination of alternative courses of action to be taken if an intended plan
is unexpectedly disrupted or rendered inappropriate.
a.
Divestiture
b.
Deskilling
c.
Synergy
d.
Contingency
e.
Entropy
rendered inappropriate.
Easy
p.86
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Knowledge
Digital Story: Engage
United States – AK – DISC: Strategy
Tactical Planning
Bloom’s: Comprehension
Digital Story: Connect
80. A _____ is the most general form of standing plan that specifies the organization’s general response to a designated
problem or situation.
a.
b.
c.
d.
e.
81. The narrowest of the standing plans, _____ describe exactly how specific activities are to be carried out.
a.
standard operating procedures
b.
projects and programs
c.
rules and regulations
d.
contingency theories
e.
crisis management procedures
c
actually take the place of decision making in various situations.
Easy
p.86
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG: Analytic
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Knowledge
Digital Story: Engage
82. Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n):
a.
b.
c.
d.
e.
c
Easy
p.86
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Knowledge
Digital Story: Engage
83. Relish has a chain of outlets that sells baked products. Relish requires all its employees to complete a month’s training
before they could work in the kitchen. This is an example of a:
a.
standard operating procedure.
b.
contingency plan.
c.
regulation
d.
policy.
e.
standing plans.
Challenging
p.85
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG: Reflective Thinking
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Application
Digital Story: Perform
84. Libra Travels LLC. has a few back-up buses at key locations where the business operates. This is to be prepared in
case any of its day-tour buses break down. This is an example of a:
a.
project.
b.
program.
c.
regulation.
d.
single-use plan.
e.
contingency plan.
e
Challenging
p.86
Challenging
p.86
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG: Reflective Thinking
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Application
Digital Story: Perform
85. An organization’s fundamental purpose is stated in the organization’s _____.
86. The mid-range plans developed by middle managers to aid the organization in achieving its strategic goals are called
_____ plans.
87. A(n) _____ is a comprehensive plan for accomplishing an organization’s goals.
88. How an organization distributes its resources across the areas in which it competes is called _____.
resource deployment
Easy
p.72
MGMT.GRIF.16. 3-2 – LO: 3-2
United States – BUSPROG: Analytic
United States – AK – DISC: Strategy
The Nature of Strategic Management
Bloom’s: Knowledge
Digital Story: Engage
89. A standing plan that outlines the steps to be followed in a particular circumstance is called a(n):
a.
standard operating procedure.
b.
single-use plan.
c.
program.
d.
contingency plan.
e.
project
a
Easy
p.86
MGMT.GRIF.16. 3-7 – LO: 3-7
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Operational Planning
Bloom’s: Knowledge
Digital Story: Engage
90. A(n) _____ strategy helps the organization focus on its operations simultaneously across several industries and several
markets.
corporate-level
markets.
Easy
p.72
United States – AK – DISC: Strategy
The Nature of Strategic Management
Bloom’s: Knowledge
Digital Story: Engage
91. Understanding the stages in the _____ helps managers recognize that strategies need to evolve over time.
92. Trump Corporation owns hotels and casinos, the Miss Universe Pageant, and bottled water. It is engaged in _____
diversification.
93. According to the GE Business Screen, businesses with a low industry attractiveness and poor competitive position are
called _____.
94. Pilots have a check list they use to pre-flight an aircraft. This is an example of a(n) _____.
95. If an organization is facing an unexpected disruption or if its current plans are rendered inappropriate by surprising
events, then it can still maintain some control by implementing its _____ plans.
96. Describe each of Porter’s three generic business-level strategies.
97. Describe how the concept of product life cycle could be used as a framework for plotting different strategies over the
life of a product.
98. Discuss the advantages and disadvantages of unrelated diversification strategy.
MGMT.GRIF.16. 3-5 – LO: 3-5
United States – BUSPROG – Analytic – Business knowledge and analytic skills
United States – AK – DISC: Strategy
Formulating Corporate-level Strategies
Bloom’s: Comprehension
Digital Story: Connect
Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
You are contemplating opening a dry cleaning business in a commuter town. Assess the following information using
SWOT analysis.
a.
Distinctive competence
b.
Resource deployment
United States – AK – DISC: Strategy
Formulating Business-level Strategies
Bloom’s: Comprehension
Digital Story: Connect
c.
Scope
d.
Synergy
DIFFICULTY:
Moderate
REFERENCES:
p.71
p.72
p.78
LEARNING OBJECTIVES:
MGMT.GRIF.16. 3-2 – LO: 3-2
MGMT.GRIF.16. 3-5 – LO: 3-5
NATIONAL STANDARDS:
United States – BUSPROG – Analytic – Business knowledge and analytic skills
STATE STANDARDS:
United States – AK – DISC: Strategy
TOPICS:
Formulating Corporate-level Strategies
The Nature of Strategic Management
KEYWORDS:
Bloom’s: Comprehension
NOTES:
Digital Story: Connect
99. Range of markets in which the organization competes
100. How the organization uses its people and money
ANSWER:
POINTS:
101. Something the organization is very good at doing
ANSWER:
a
POINTS:
102. When a company’s combined economic value of its businesses is greater than the sum of their separate economic
value
ANSWER:
POINTS:
103. How the organization distributes its resources across various areas
ANSWER:
POINTS:
Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
a.
Single-product strategy
b.
Related diversification
c.
Unrelated diversification
DIFFICULTY:
Challenging
REFERENCES:
p.77
p.78
p.79
LEARNING OBJECTIVES:
MGMT.GRIF.16. 3-5 – LO: 3-5
NATIONAL STANDARDS:
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – AK – DISC: Strategy
ANSWER:
c
POINTS:
TOPICS:
Formulating Corporate-level Strategies
KEYWORDS:
Bloom’s: Application
NOTES:
Digital Story: Perform
104. Pepsi has three divisions: soft drinks, juices, and snacks.
105. McDonald’s owns and franchises fast-food restaurants.
ANSWER:
POINTS:
106. USAA provides insurance, financial services, mortgages, and relocation assistance.
ANSWER:
POINTS:
107. The Trump organization owns real estate, vodka production, and beauty pageants among other things.
ANSWER:
POINTS:
ANSWER:
POINTS: