Exam (elaborations)
MNB1501 Assignment 4 Semester 1 2024 (Solutions)Due 18 April 2024
DSC1630 Assignment 4 (COMPLETE ANSWERS) Semester 1 2024 (234157)- DUE 18 april 2024; 100% TRUSTED
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Started on Sunday, 13 April 2024, 10:24 PMState Finished
Completed on Sunday, 13 April 2024, 8:29 PM
Time taken 50 mins 12 secs
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
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Question text
Managers need to know which way to go, and planning provides that direction. Which one
of the following is NOT one of the benefits of planning?
a.
Planning provides direction.
b.
Planning ensures cohesion.
c.
Planning replaces intuition and creativity.
d.
Planning facilitates control.
Feedback
Your answer is correct.
The correct answer is planning replaces intuition and creativity. This is not one of the
benefits of planning. Refer to section 7.3 for the reasons why planning is important.
The correct answer is:
Planning replaces intuition and creativity.
Question 2
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The sequential steps in the planning process are ______________.
,a.
mission statement; developing plan; feedback
b.
developing plans; goal setting; feedback
c.
goal setting; developing plans; implementation
d.
goal setting; mission statement; implementation
Feedback
Your answer is correct.
The correct answer is goal setting; developing plans; implementation. Refer to figure 7.2.
The correct answer is:
goal setting; developing plans; implementation
Question 3
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If Hungry Lion were to take over its suppliers of chickens to ensure a better quality of
supply. This long-term strategy would be known as _____________________.
a.
innovation
b.
vertical integration
c.
product development
d.
horizontal integration
Feedback
Your answer is correct.
, The correct answer is vertical integration. Vertical integration refers to a business strategy
of taking over organisations that supply a business with inputs, or those that act as the
intermediaries of a business. Refer to section 7.7.1.
The correct answer is:
vertical integration
Question 4
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Question text
Which of the following is NOT one of the disadvantages of planning?
a.
Creativity and innovation are restrained.
b.
Managers spend less time on this process.
c.
Planning may create inflexibility. It is not simple to deviate from the goals and plans.
d.
Decision-making is delayed as plans and goals are usually determined by top management.
Feedback
Your answer is correct.
The correct answer is managers spend less time on this process. Instead, one of the
disadvantages of planning is that managers spend a lot of time on this process. Refer to
section 7.4.
The correct answer is:
Managers spend less time on this process.
Question 5
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Question text
Which long-term strategy did SAB adopt when it introduced Castle Lite to the existing
market to satisfy its customers’ needs for a light beer?
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