405

1. Which word or phrase would be most suitable to use in written ob.... a. Minimize b. Adequate c. ASAP d. 10% increase e. Maximize

10% increase

1. Which of the following is NOT a key attribute that serves as..... Fortune's "America' most admired companies"? a. Social responsibility b. People management c. Financial soundness d. Innovativeness e. Amount of physical resources

Amount of physical resources

1. Which statement is NOT true? a. Having an effective management information system ... successful from unsuccessful firms b. Like inventory and human resources, information is now....be controlled and managed c. Improved quality and service often result from an aggressive ... d. Computer vulnerability has nearly become eradicated by recent.. safeguard all corporate communications, this

Computer vulnerability has nearly become eradicated by recent.. safeguard all corporate communications, this

1. A disagreement between two or more parties or one or more issues is called a a. Diffusion b. Avoidance c. Conflict d. Compromise e. Integrated solution

Conflict

1. What is the most widely used technique for determining th... a. Present value analysis b. Capital asset pricing tool c. Debt-to-stock ratio d. EPS/EBIT e. Gross profit ratio

EPS/ebit

1. A conservative rule of thumb is to establish a business' worth ....profit a. Twice b. Five times c. Fifteen times d. Three times

Five times

1. percentage of persons age 65 or older exceeds 20 percent a. Germany b. China c. France d. USA

Germany

1.1. Projected financial analysis is an important strategy-implementation... a. It is an exact measurement of financial costs in the future b. None of these c. Insurance needs to be computed d. It allows an organization to examine the expected results of strategic management

It allows an organization to examine the expected results of strategic management

1. Why is market segmentation an important variable in the strategic .... a. it allows a firm to minimize per-unit profits and per segment.... b. It directly affects the marketing mix variables c. All of these d. Company strategies do not require increased sales through new.... e. It allows a firm to operate with no resources

It directly affects the marketing mix variables

1. Which two variables rank as marketing's most important.... a. Competition and collaboration b. Diversification and budgeting c. Product development and market behavior d. Market penetration and competition e. Market segmentation and product positioning

Market segmentation and product positioning

1. Research suggests that which of the following is one of the best.... Resistance to change in strategy evaluation? a. Emotional reactions b. Command-and-control c. Rational argument d. Participation e. Laissez-faire system

Participation

1. Which of the following is NOT a management issue central to.... a. Minimizing resistance to change b. Revising reward and incentive policies c. Devising policies d. Performing an internal audit e. Developing an effective human resources function

Performing an internal audit

1. Competitive advantage normally is the result of superiority... a. Feasibility b. Consistency c. Position d. Employees e. Governance

Position

1. A change strategy that attempts to convince people that the change..... a. Compromise b. Force c. Diffusion d. Educative e. Rational

Rational

1. For upper-level executives, ____ is the major variable used for co(mparing)? a. Revenue b. Balanced scorecard performance c. None of these d. Stock price e. Net income

Stock price

1. Financial ratios are used to compare a firms performance... the firms perfoemance to industry averages, and to compare... a. Non-financial ratios b. The performance of competitors c. Overall business standards d. Projected goals e. The performance of suppliers

The performance of competitors

1. Which of the following is NOT given as an example of a decision based on finance/accounting policies? a. To extend the time of accounts receivable b. To lease or buy fixed assets c. To use LIFO or FIFO d. To be a price leader or a price follower e. To establish a certain percentage discount

To be a price leader or a price follower

1. Rumelt's criteria of consonance refers to the need for strategy... a. Inconsistent goals b. Competitive advantages c. Trends d. The costs associated with particular strategies e. Impractical objectives

Trends

1. What aims to balance long-term with short-term concerns.. internal with external concerns? a. Benchmarking b. Consonance c. Contingency planning d. The balanced scorecard approach e. Taking corrective action

balanced scorecard approach

The primary benefit sought from restructuring is

cost reduction

1. The strategy-evaluation process should a. Foster mutual understanding and trust b. Dominate decisions c. Be highly effective d. Be cumbersome e. Be complex

foster mutual understanding and trust

1. Which organizational structure is most widely used? a. Departmental b. Strategic business unit c. Functional d. Decentralized e. Matrix

functional

1. If a firm has a bad sustainability record this will a. Help a firm in the market b. Deflect the scrutiny of a firm by environmentalists c. Release the firm from governmental reporting obligations d. Increase investor scrutiny of the firm e. Improve a firms standing in the community

increase investor scrutiny of the firm.

1. Social policy can be best defined as a. A document providing behavioral guidelines that cover daily.... b. An SEC mandate to report any unethical behavior c. The legal requirement to reveal how a firm's operations implement... d. Mandatory technical standards that result in an environmental management... e. the responsibilities a firm has to empo.....shareholders, and other groups

the responsibilities a firm has to empo.....shareholders, and other groups