MGT 365 - Quiz 2
Which of the following is a strategy made up of retrenchment and liquidation?
Divestment strategy
Which of the following is an example of a fixed cost?
Factory rent
Which of the following statements is true of the administrative linkage level between the human resource management function and the strategic management function?
In this level, the human resource management department is completely divorced from any component of the strategic management process.
Which of the following statements is true of intended and emergent strategies?
Intended strategies are the result of the rational decision-making process used by top managers as they develop a strategic plan.
External analysis and internal analysis combined constitute the
SWOT analysis.
Which of the following statements is true regarding companies that are not diversified?
They have evaluation systems that call for subjective performance assessments of managers.
A(n) _____ is a story of how a firm will create value for customers and how it will do so profitably.
business model
A _____ workforce describes the former workers to whom a firm still owes financial obligations.
legacy
Using websites like Indeed.com, Monster.com, and LinkedIn, a company can begin
recruitment.
The process by which a firm attempts to identify job applicants with the necessary knowledge, skills, abilities, and other characteristics that will help the firm achieve its goals is known as
selection
Pluto Inc., a large manufacturer of desktops and laptops, has decided to enhance revenues by expanding its product line. It has identified the tablet market as a possible market to expand and has identified Compco Inc. as a potential competitor. Pluto Inc. is currently in the _____ stage of the strategic management process.
strategy formulation
The strategic management decision-making process usually takes place at a firm's highest levels, with a firm's strategic planning group, which includes...
the chief executive officer and the president.
In the two-way linkage level,
the human resource issues are allowed for consideration during the strategy formulation process.
Which of the following is a challenge of downsizing?
It is difficult to boost the morale of employees who remain after downsizing.
Which of the following is true of one-way linkage?
It precludes the company from considering human resource issues while formulating the strategic plan.
Sophie, the HR manager, checks her email, completes paperwork, and returns voicemail. These activities are part of the
administrative linkage.
A company that follows an overall cost leadership strategy
focuses on becoming the lowest cost producer in an industry.
A company where employees are in a constant state of assimilating knowledge through monitoring the environment, making decisions, and flexibly restructuring the company to compete in that environment is known as a _____ organization.
learning
Ashock has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and action sequences the company should take to offset competitive challenges. Ashock will be implementing
strategic management
Selena is leading the strategic groups through an exercise to define the company's mission and goals through a SWOT (strengths, weaknesses, opportunities, and threats) analysis. She is employing
strategy formulation
