Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 17, Problem 8CRQ
Distinguish between cybernetic and noncybernetic control and between pre, concurrent, and postaction control sytems.
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1. Discuss how the application of PESTEL analysis can assist small businesses in identifying
and managing external risks. Provide examples from at least three PESTEL categories.
(20 marks)
. Mention four early warning indicators that a business may be at risk.
5. A risk that has both a high impact and high probability is referred to as
A. Negligible
B. Moderate
C. Low
D. Extreme
6. A business continuity plan is mainly used to_
A. Increase profits
B. Handle daily tasks
C. Prepare for disruptions
D. Advertise services
7. What is the role of a risk owner?
A. To finance the risk
B. To monitor and manage a specific risk
C. To create risks
D. To avoid planning
8. Early warning indicators help businesses to
A. Avoid legal actions
B. Grow rapidly
C. Detect potential risks
D. Hire employees
9. A hazard-based risk includes
A. Political instability
B. Ergonomic issues
C. Market demand
D. Taxation changes
Chapter 17 Solutions
Principles of Management
Ch. 17.1 - What is the process where managers establish goals...Ch. 17.1 - How do the internal and external environments of...Ch. 17.1 - Why should managers plan?Ch. 17.2 - What are the five steps in the planning process?Ch. 17.2 - What is the difference between goal, domain, and...Ch. 17.2 - How are planning, implementation, and controlling...Ch. 17.3 - Define and describe the different types of plans...Ch. 17.4 - What is the difference between official and...Ch. 17.4 - How do multiple goals fit into a goal hierarchy?Ch. 17.5 - What ethical problems could surface with data...
Ch. 17.5 - What security risks would a company need to...Ch. 17.5 - How do todays organizations approach planning?Ch. 17.5 - Does planning pay off for todays organizations?Ch. 17.5 - Which people in the organization should be...Ch. 17.6 - How is goal theory used in the planning process?Ch. 17.6 - What are the organizational downsides to goals?Ch. 17.6 - How is goal setting tied to job satisfaction and...Ch. 17.7 - What is management by objectives?Ch. 17.8 - What other applications can you see for blockchain...Ch. 17.8 - What drawbacks or potentials risks do you see in...Ch. 17.8 - Do you think blockchain technology could be used...Ch. 17.8 - Why would governments be suspicious of...Ch. 17.8 - Describe the execution of the planning and...Ch. 17 - Define managerial planning and controlling.Ch. 17 - Discuss the relationship between the two...Ch. 17 - Identify and briefly describe each stage in the...Ch. 17 - Compare and contrast three different types of...Ch. 17 - What are multiple goals? What is a goal hierarchy?...Ch. 17 - Briefly describe the two views of the goal...Ch. 17 - Describe the MBO process, the philosophy behind...Ch. 17 - Distinguish between cybernetic and noncybernetic...Ch. 17 - Identify and discuss three positive and three...Ch. 17 - How does the desire for personal control affect...Ch. 17 - What do you think are some of the difficulties of...Ch. 17 - China effectively shuts down for two weeks each...Ch. 17 - The case focuses on U.S. markets. How are European...Ch. 17 - Have your own shopping habits changed with the...
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