Homework answers / question archive / University of Louisiana, Lafayette MGMT 320 CH 5 Quiz 1)There is little proof that writing out goals helps an individual feel more confident and energetic when entering a new group

University of Louisiana, Lafayette MGMT 320 CH 5 Quiz 1)There is little proof that writing out goals helps an individual feel more confident and energetic when entering a new group

Management

Share With

---

 

6. Alex, a district manager for a retail hardware store, asked his store managers for their store goals next year. Denise, one of the store managers, said, “I am going to increase my market share significantly next year by visiting businesses.” Alex then responded to Denise with “Precisely how much are you going to increase your market share and by what date?” Alex is asking Denise to formulate a SMART goal.

 

7. Strategic management is a process in the formulation, implementation, and execution of strategies and strategic goals to advance the purposes of the organization.

 

8. In the office of every general manager of Relaxing Hotel there is a small poster that reads, “We want to become the only place our customers want to stay for the night while traveling.” This is the vision statement for Relaxing Hotels.

 

9. A music teacher asked her students to set a really hard goal, such as increasing your practice time by 10 hours per week, which would cause her students to stretch beyond what they think is possible, this is known as a(n)                                  .

 

10. The planning/control cycle is an order planning system in which employees work with customers to plan orders and discuss delivery times.

 

11. Don, a middle manager for a large restaurant chain, received an e­mail from the CEO outlining the new goal of decreasing company costs over the next three years. This is an example of a strategic goal.

 

12. A goal is a specific commitment to achieve a measurable result within a stated period of time.

 

 

13. Setting goals and deciding how to achieve them is the definition of                                                                                                                                              . regulating

 

14. A business plan is a tool used by the federal government to determine how to strengthen the business sector through macroeconomics and microeconomics.

 

 

15. Donna is the service desk coordinator in a department store, and she has set a goal this month of finishing her daily office work quicker so she can assist at the Service Desk earlier in the morning. She knows this will also help decrease theft, which will assist the company in achieving its goal of decreasing costs. Donna’s goal of finishing her office work quicker is a(n)

 

16. A goal is          .

 

17. Quality Vacuum has been manufacturing excellent vacuum cleaners for over 50 years. In the employee break room is a banner that reads, “We will always provide the highest­quality vacuums at the lowest cost to our customers and always give honest, winning customer service, thereby earning a fair profit for our stakeholders.” This statement is Quality Vacuum’s                                                                                                                                                                                      .

 

18. Thomas, the fire chief, told his employees to “Think big and endeavor to be more detailed and caring while at work and in setting goals. Therefore, when you give me your goals, I want them to be specific, measurable, attainable, results­oriented, and have target dates.” Thomas was asking for his workers’                                           .

 

 

19. An organization should adopt planning and strategic management to                                                                                                                                                  . decrease costs and increase synergy

develop MBO, encourage new ideas, and increase profits