Part 1

Question 1

Involves the formulation of the major policies, objectives, strategies, and plans.

Answer 1

Conceptualization

Question 2

A verbal, written or implied guide setting up boundaries and directions within which managerial decisions should take place.

Answer 2

Policy

Question 3

A prescribed course of action which must be followed.

Answer 3

Rule

Question 4

A series of related tasks that make up the chronological sequence and the established way of performing the work to be done.

Answer 4

Procedure

Question 5

is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation.

Answer 5

Environmental scanning

Question 6

may believe that all moral decisions are deeply personal and that individuals have the right to run their own lives each person should allowed interpreting situations and acting on his or her own moral values.

Answer 6

Moral Relativism

Question 7

_____ specify how an organization expects its employees to behave while on the job. Developing code of ethics can be useful way to promote ethical behavior, especially for people who operating at kohlberg are conventional level of moral development.

Answer 7

Code of ethics

Question 8

includes those elements or groups that directly affects the corporation and in turn are affected by it.

Answer 8

Task Environment

Question 9

is being able to understand the competitor’s future prospects and goal. This also includes the competitor’s major customer and suppliers.

Answer 9

Strategic Intelligence

Question 10

is a small scale intelligence and operational in the short run. This includes the competitors’ term of sale, pricing policies, and plan.

Answer 10

Tactical Intelligence