mgt103 c4a

How an organization distributes its resources across the areas in which it competes is called _____.

A standing plan that outlines the steps to be followed in a particular circumstance is called a(n)
a. standard operating procedure.
b. single-use plan.
c. program.
d. contingency plan.
e. project.

• a. standard operating procedure
• d. contingency plan
• b. single-use plan
• c. program
• e. project.

A(n) _____ strategy helps the organization focus on its operations simultaneously across several industries and several markets.

Understanding the stages in the _____ helps managers recognize that strategies need to evolve over time.

Trump Corporation owns hotels and casinos, the Miss Universe Pageant, and bottled water. It is engaged in _____ diversification.

The _____ provides a framework for evaluating the performance of businesses according to the growth rate of a particular market and the organization's share of that market.

Pilots have a check list they use to pre-flight an aircraft. This is an example of a(n) _____.

If an organization is facing an unexpected disruption or if its current plans are rendered inappropriate by surprising events, then it can still maintain some control by implementing its _____ plans.

The process of choosing one alternative from among a set of alternatives is called
a. rational ignorance.
b. altruism.
c. bounded rationality.
d. decision making.
e. groupthink.

• e
• a
• d
• b
• c

Which of the following statements is true about the decision-making process?
a. It exclusively applies to problem situations.
b. It requires that the nature of a particular situation be defined.
c. It seldom applies to situations that are positive.
d. It typically involves only one individual and seldom applies to groups.
e. It results in the generation of only one alternative.

• c
• d
• a
• b
• e