Setting S.M.A.R.T. goals guarantees you will reach your objectives. True False Question 12 TRUE or FALSE: When considering how to allocate resources, it is important to let activities required drive the resources given and let the resource plan drive the budget. True False Planning for organizational events, whether in the internal or extemal environment, should Include all of the following EXCEPT: be administered without flexibility to avoid confusion be an ongoing process be routinely monitored be seen as a continuous activity Question 8 TRUE or FALSE: Planning should be thought of as a one-time activity. False True Question 19 In Porter's Five Forces model, threat of new entrants is associated with? Social cultural trepius Barriers to entry Customers Advertising and promotions All of the following have the poterital to be a negrative aspect of goal scifing ExCEPT: focus solely un financial performance narrowing of the performer's vision focus on goal specificity and clear performance measures the relationship between commitment to goals and organizational citizenship Question 10 The process by which managers establish goals and speclfy how these goals are to be attained is: part of budgeting mission statement management by objectives What is an example of an external factor that may Impact a firm's competitive environment? The Product Development has fallen behind schedule for a product launch The company does not have adequate resources, and thus lack key capabilities The company CEO meeting with a supervisor of the sister company Interest rates rising rapidly over the past 15 days