MGT/521 Week Two Knowledge Check

MGT/521 Week Two Knowledge Check

Question – 1. As a process of self­examination during her senior year of , Casey decides toÂ
develop a SWOT analysis of her prospects relative to getting a job. Casey realizes thatÂ
she has a personal characteristic that suggests she is not comfortable interacting withÂ
strangers. She interprets this as a(n) ________ if she is to get a job as a salesperson.Â
A.threatÂ
B.strengthÂ
C.weaknessÂ
D.opportunityÂ
2. Casey is looking for a new job. She decides to develop a SWOT analysis of theÂ
industries sh …Read Moree might want to work in. Casey majored in marketing and enjoyed studyingÂ
market research. Through her research on the Internet and in the  Library, sheÂ
learns that this industry is currently doing well. She interprets this as a(n) ________.Â
A.weaknessÂ
B.threatÂ
C.strengthÂ
D.opportunityÂ
3. In performing a SWOT analysis, which of the following would be considered as aÂ
threat?Â
A.Lack of a strategic planÂ
B.Increased product demandÂ
C.CompetitorsÂ
D.Recognized brandÂ
Â
4. Strategic plans are usually ________.Â
A.short term, directional, and standingÂ
B.short term, specific, and standingÂ
C.long term, directional, and single useÂ
D.long term, specific, and standingÂ
Â
Â
Â

5. Operational plans are usually ________.Â
A.short term, directional, and standingÂ
B.short term, specific, and standingÂ
C.long term, directional, and single useÂ
D.long term, specific, and standingÂ
Â
6. When organizations think about entering a market, they may be concerned with howÂ
unique their product might be. Which of Porter’s Five Forces would be relevant in thisÂ
case?Â
A.Threat of new entrantsÂ
B.Bargaining power of suppliersÂ
C.Current rivalryÂ
D.Threat of substitutesÂ
Â
7. ________ involves defining the organization’s goals, establishing strategies forÂ
achieving those goals, and developing plans to integrate and coordinate work activities.Â
A.ExecutionÂ
B.LogisticsÂ
C.PlanningÂ
D.OperationsÂ
Â
8. Goals are different from plans because ________.Â
A.goals identify specific steps that the organization needs to achieve, and plansÂ
identify the overall mission of the organizationÂ
B.goals describe financial objectives, and plans describe objectives related toÂ
social responsibilityÂ
C.goals are important only for small companies, and plans are important only forÂ
large companiesÂ
D.goals are desired outcomes, and plans describe how those outcomes will beÂ
accomplishedÂ
Â

9. Most company goals can be classified as either ________ or ________Â
A.operational; tacticalÂ
B.social; economicÂ
C.strategic; financialÂ
D.strategic; operationalÂ
Â
10. In response to a natural disaster, which contingency factor will affect the choice ofÂ
plans?Â
A.Commitment conceptÂ
B.Environmental uncertaintyÂ
C.Organizational levelÂ
D.Length of future commitmentsÂ
Â
11. What technique would managers use when seeking to detect big trends andÂ
changing market conditions?Â
A.BenchmarkingÂ
B.Formal planningÂ
C.Contingency planningÂ
D.Environmental scanningÂ
Â
12. The commitment concept says that plans should ________.Â
A.be done for as long a time period as possibleÂ
B.extend far enough to meet those commitments made when the plans wereÂ
developedÂ
C.be done for as short a time period as possibleÂ
D.not commit to specifically meeting the goals made when the plans wereÂ
developed …R…


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