BUSINESS 110 – Xtreme Toys, a company that manufactures

BUSINESS 110 – Xtreme Toys, a company that manufactures

Subject: Business    / General Business
Question
1 pts Xtreme Toys, a company that manufactures toys inspired by popular video games, creates a strategic plan to be the leader in the product category within a period of three years. The company’s middle management also creates a half-yearly plan to ensure that the objectives of the strategic plan are properly implemented. The half-yearly plan created by Xtreme Toys can be regarded as a(n):
operational plan.
static plan.
tactical plan.
executive-level plan.
contingency plan.

Lara was less educationally qualified and experienced than her colleagues when she joined Aurora Systems Inc. However, due to her ability to negotiate effectively with clients, convince her team members to work harder, and understand their needs, she is a senior-level manager today. Which of the following skills can be most attributed to Lara’s success in this scenario?
Technical skills
Psychomotor skills
Cognitive skills
Critical thinking skills
Human relations skills
Nathan’s business has grown from a small startup in his room to a chain of outlets all over the country. His business has the potential to expand further, provided he has the resources. To attract investors and other resources, he is required to create a mission statement for his company. Which of the following basic questions should the mission statement answer?
Who are our stockholders?
What is our operating philosophy?
When do we plan to go international?
What is our sales target?
Who are our competitors?