Management Questions 1-5
1. __________ are behavioral patterns associated with or expected of certain positions.
I chose A. Responsibilities because the other options definitions don't match with this statement.
2. __________ involves establishing objectives and goals for an organization and determining the best ways to accomplish them.
I chose B. Planning because the definition in Contemporary Management is: Identifying and selecting appropriate goals and courses of action.
3. What is the time interval used for long-range organizational goals used in strategic planning?
I chose C. 5-10 years because typically long-term goals are anything over 5 years according to Contemporary Management.
4. A _______ is a realistic and achievable view of the future that grows out of an improves on the present.
I chose B. Vision because a vision is defined as:
5. When a small private college hires a new president, the new president drafts a document defining why he believes the college should exist, what it seeks to accomplish, and whom it should primarily serve. The president is drafting a new _______.
I chose B. Mission Statement because the definition in Contemporary Management is: A broad declaration of an organization's purpose that identifies the organization's products and customers and distinguishes the organization from its competitors.
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Study Guide Questions-Marketing Questions 1-5 -Lindsy Girard
1. A(n)____ is made up of individuals or households that buy good and services for personal use, while a(n) ___ is cmposed of both companies and a variety of noncommercial institutions that purchase goods and services for use in their operations
C) Consumer and Organzational, i knew that from marketing and consumer behavior.
2. ___ is the behavior exhibited by consumers as they consider, select and purchase goods and services.
A) Consumer Buying Behavior, i learned this in consmer behavior.
3. Which of the following is the most common sequnce of steps consmers take in making purchase decisions?
C) Identifying need, gather information, evaluat alternatives, select an alternative, evaluate choice, i learned this in Consumer Behavior.
4. ___ ccurs when a person's beliefs do not match his or her behaviors.
D) Cognitive Dissonance, i also learned this is Consumer Behavior.
5. Sharon buys a new car. Shortly after making her car purchse, Sharon comes to the awful realization that she is dissatisfied with the car adn regrets making the purchase. This is an example of ____.
A) Buyer's Remorse, i once again learned this in Consumer Behavior.
6. Which of the following is not considered a basic management function?
B. Evaluating
…four basic functions that management entails: planning, organizing, leading, and controlling resources. And we highlight the skills required of effective managers.
7. Charlie is the chair of a management team at a software company. His team is responsible for outlining the firm’s long-range organizational goals as well as setting a course of action for pursuing these goals. What type of plan is Charlie’s management team responsible for creating?
C. Strategic Plan
Strategic plans outline the firm’s long-range (two to five years) organizational goals and set a course of action the firm will pursue to reach its goals.
8. A Statement of the organization’s purpose, basic goals, and philosophies is called a ______.
A. Mission Statement
…mission statement, a brief document that defines why the organization exists, what it seeks to accomplish, and the principles that the company will adhere to as it tries to reach its goals.
9. SWOT stands for_________.
A. Strengths, Weaknesses, Opportunities, and Threats
Such analysis is commonly referred to as SWOT, which stands for strengths, weaknesses, opportunities, and threats.
10. Maria works in the marketing department of a computer manufacturer. She must make predictions about industry trends and developments. What activity is Maria engaged in?
D. Forecasting
To develop forecasts, managers must make a number of educated assumptions about future trends and events and modify those assumptions once new information becomes available.
Hi Karlie-Mae, Lindsy and Katie,
You have done a nice job with questions 1-15 on the guide. Look up correct answers for the following, as your answers were incorrect: 1 and 3 on Karlie Mae's blog entry. All your other answers are right on the money! Good luck on Thursday night.
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