MGMT CH. 5

A mission statement expresses what the organization should become, an where it wants to go strategically
True False

Tactical goals are set by and for top management and focus on objectives for the organization as a whole
True False

_____ is coping with uncertainty by formulating future courses of action to achieve specified results

A. scheduling
B. goal setting
C. planning
D. organizing

____ focus on developing new products or services and in seeking out new markets, rather than waiting for things to happen.

A. reactors
B. go-getters
C. seekers
D. prospectors

Which of the following is a stage in the project life cycle?

A. organization
B. growth
C. maturity
D. definition

MBO works by

A. controlling employees
B. cascading objectives
C. setting quotas
D. managing the exchange rate

Project management is achieving a set of goals through planing, scheduling, and maintaining progress of the activities that comprise the project.
True False

skunkworks is the term given to a project team whose members interact with employees in the organization to develop ideas for improving existing products or services.
True False

The execution stage of the project life cycle is the stage in which most of the work is actually performed
True False

Deadlines provide a mechanism for feedback
True False