MGT410 - Unit 3

A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization to formulate strategy is known as: 

• BCG matrix

• SWOT analysis

• benchmarking

• diversification

Which of the following steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends?

• Analyzing the situation

• Generating alternative goals and plans

• Evaluating goals and plans

• Selecting goals and plans

The level of planning involving the longest time horizon, usually ranging from three to seven years, is:

• operational planning

• departmental planning

• tactical planning

• strategic planning

The assignment of new or additional responsibilities to a subordinate is referred to as:

• delegation

• span of control

• responsibility

• centralization

In a _____ organization, jobs (and departments) are specialized and grouped according to business functions and the skills they require. 

• product

• geographical

• matrix

• functional

In _____ organizations, more decisions are made at lower levels.

• centralized

• decentralized

• mechanistic

• formal

In a(n) _____ organization, top managers make all the decisions and pass them down to lower levels for implementation.

• informal

• organic

• centralized

• decentralized

The first step in the delegation process, defining the goal, requires a manager to:

• identify the employee they favor the most

• understand the nature of each employee

• recognize the most responsible employee

• clearly understand the outcome they want

In the context of the vertical structure of a firm, the number of subordinates who report directly to an executive or supervisor is known as the:

• formalization

• span of control

• authority

• division of labor

In the context of horizontal structure of a firm, subdividing an organization into smaller units is known as:

• departmentalization

• just-in-time

• decentralization

• span of control