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Homework answers / question archive / University of Southern Mississippi MANAGEMENT 300 Quiz 5 1)This is the definition of the shareholder model

University of Southern Mississippi MANAGEMENT 300 Quiz 5 1)This is the definition of the shareholder model

Management

University of Southern Mississippi

MANAGEMENT 300

Quiz 5

1)This is the definition of the shareholder model. The stakeholder model holds that management's most important responsibility is long-term survival (not just maximizing profits), which is achieved by satisfying the interests of multiple corporate stakeholders (not just shareholders).

  1. Tactical plans and objectives are used to direct behavior, efforts, and attention over the next six months to two years.
  2. Management by objectives is a two-step process in which managers and their employees discuss

possible goals and then meet regularly to review progress toward the accomplishment of those goals.

  1.            is the process of choosing a solution from available alternatives.
  2. Mathew, a manager at Happylyfe Inc., has set a long-term goal of becoming a global figure for holiday packages within the next five years. In this context, Mathew has set a(n)        .
  3. One method of weighing decision criteria uses        , which is a process where each decision is compared directly to every other criterion.
  4. The customers of a restaurant are requested to rate the service of the waiters on a sheet of paper. The

rate of each waiter is then compared to the rates of the all the other waiters. This is the method of

             comparisons.

  1. Groupthink is more likely to occur in a highly cohesive group that is insulated from others and has no

established procedure for systematically defining problems and exploring alternatives.

  1. Which of the following is NOT a step in the management by objectives (MBO) process?

 

  1. The three kinds of operational plans are single-use plans, standing plans, and budgets.
  2. Planning can greatly improve organizational and individual performance.
  3.            are standing plans that indicate the specific steps that should be taken in response to a particular

event.

  1. A company's purpose statement         .
  2. Which of the following is the final step in establishing a devil's advocacy program?
  3.              plans specify how a company will use resources, budgets, and people to accomplish specific

goals within its mission.

  1. One method of weighing decision criteria uses        , which is a process where each decision is

compared directly to every other criterion.

  1. The managers of a transport company are planning how much money should be allocated to each of

its units. They want to cut down unnecessary expenses and put the savings into developing the company. In this context, the managers are formulating a(n)        .

  1. Both proximal and distal goals are used to provide additional motivation and rewards for employees.
  2. The manager of a car manufacturing company in the U.S. wants to set up factories in three other

countries by the end of the year. After he has set this goal, which of the following is the next step he should take in order to achieve this goal?

  1.            are a type of operational plan.

 

  1. Merissa, a famous dress designer, wants to launch a new collection. She wants the best material available for her dresses and does not want to settle for anything lesser. In this context, Merissa is

            .

 

 

 

  1. The term decision making is used to refer to the process of choosing a solution from available alternatives.

 

 

  1. One method of weighing decision criteria uses        , which is a process where each decision is compared directly to every other criterion.

 

  1. The three kinds of standing plans are policies, procedures, and rules and regulations.

 

  1. The managers of a transport company are planning how much money should be allocated to each of its units. They want to cut down unnecessary expenses and put the savings into developing the company. In this context, the managers are formulating a(n)                             .

 

 

  1. Which of the following is an accepted method for tracking progress toward goal achievement?

 

  1. Due to an earthquake, the servers of an online shopping company were affected and the internet was

down. The managers of the company had to formulate and carry out a procedure so that businesses could run normally while the servers were being fixed. To overcome this unexpected problem, the mangers devised a(n)           .

 

  1. Which of the following is a drawback of planning?

 

  1. A company's purpose statement         .

 

 

  1. The last step in effective planning is to            .
  2. The            is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.
  3. Creating and executing a plan is one of the most important tasks of a manager.
  4. The managers of a transport company are planning how much money should be allocated to each of its units. They want to cut down unnecessary expenses and put the savings into developing the company. In this context, the managers are formulating a(n)                             .
  5.            are standing plans that indicate the specific steps that should be taken in response to a particular

event.

  1.               are types of standing plans.
  2. Susan is a manager at a grocery store. Every morning when she enters the store, there are a series of steps that should be taken by her. She has to switch on all the lights, switch on the air conditioner, check if any product is expired, and check if the cash registers are working. In this context, Susan is following a(n)             .
  3. Omega Corp. has a goal of increasing its production and reducing overhead costs. To achieve this

goal, the company has developed four alternate action plans. The idea is to monitor how these plans work and then invest more in the one that shows maximum results. This kind of planning that allows for flexibility is known as                     .

  1.            is the process of choosing a solution from available alternatives.
  2. Management by objectives (MBO) is a management technique often used to develop and carry out

              .

  1.              is fear of what others will think of your ideas.

 

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