Goals should be developed after strategy development.

True

False

One of the biggest benefits of planning is that, in turbulent environments, plans create greater organizational flexibility.

True

False

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and market share.

True

False

Differentiation is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

True

False

The decision-making process begins by development of alternatives.

True

False

In SWOT analysis, opportunities and threats (O and T) require external environmental analysis rather than internal audit.

True

False

Risk propensity in decision making refers to the willingness to undertake risk with the opportunity of gaining an increased payoff.

True

False

The approach that managers use to make decisions usually falls into one of three types the classical model, the administrative model, and the contingency model.

True

False

According to the concept of bounded rationality, managers want to make decisions rationally, but are limited by their ability to process information.

True

False

Groupthink refers to the tendency of people in groups to suppress contrary opinions for group harmony.

True

False

Programmed decision making relies on pre-stated procedures, rules, and policies.

True

False

Anchoring effect occurs when decision makers forget that current choices cannot correct the past.

True

False

All other things unchanged, the narrower the span of management, the more hierarchical the organization is.

True

False

The more the decision-making power of lower-level employees, the more centralized the organization is.

True

False

One weakness of the functional structure is that it violates the principle of unity of command.

True

False

An organization under rapid changing environment requires a high level of centralization.

True

False

A functional structure is an organizational design that groups similar or related occupational specialties together.

True

False

One of the questions that human resource planning should consider includes "what is the profit margin and inventory turnover rate?"

True

False

COBRA is to prohibit sex harassment in the job.

True

False

Firing and laying off are exactly same in their meanings and practices.

True

False

Job rotation allows employees to work at different jobs, thereby giving them exposure to a variety of tasks.

True

False