Practice Questions (Exam 2)

wholly owned subsidiary

what is usually the most expensive form of global business?

encouraging worker participation in GS

which of the following is a commonly used method for increasing goal commitment?

they translate tactical plans into more specific actions/activities for the employees that are supervised by first line managers

which of the following is the purpose of operational plans? 1. they focus on the broad future of the organization 2. they translate tactical plans into more specific actions/activities for the employees that are supervised by first line managers 3. they emphasize the independence of tactical and strategic plans 4. they align tactical planning with the overall strategic direction of the company

action plans

which part of the planning process specifies details of plan such as who is responsible for what, which resources will be put to use, when the work will begin and how It will be done?

cognitive (C-type)

which type of conflict is good for group decision making?

identified one decision criteris

while buying a house, you have decided that It must be located within 15 miles of your workplace. in terms of decision making, you have

middle managers

who is primarily responsible for the creation of tactical plans?

vision and mission

strategic plans in an organization should be derived from

timely

I intend to lose 5 lbs very soon. This goal lacks SMART guidelines because it's not

false

T/F: Planning is a 3 step process consisting of first setting goals, next developing effective action plans, and finally tracking progress toward goal achievement

false

T/F: globalization is a phenomenon that only has benefits

exporting

_________ occurs when a company sells domestically produced products to customers in foreign countries

franchising and licensing

_____________ are both examples of cooperative contracts

planning

a manager is involved in __________ when he or she chooses a goal and develops a method or strategy to achieve that goal

measurable

according to the SMART guidelines, goals should be: 1. service oriented 2. measurable 3. rational 4. tactical

imperfectly imitable

an _______________ is resource which is virtually impossible for a competitor to duplicate

address the who, what, how, when components

an effection action plan must:

quota

china restricts the amount of beef the US can export into the country. this is an example of

which business to enter

corporate level strategy describes

keeping slack resources

flexibility in the planning can be accomplished by

have slack resources

for options-based planning to work, the organization must:

wholly owned affiliate

ford motor company owns and operates a $1.9 billion manufacturing plant in brazil. what method of organizing for global business has ford used in this example?

general environment

from an organizational perspective, "economy" would most likely be a part of

3

how many levels of strategies exist?

joint venture

german chip manufacturer AG joined with motorola inc. and zertec systems inc. to establish a new company to develop and license chip designs for cell phones. these three companies created a:

protectionism

government of israel bans all foreign companies from doing business in the country is an example of

goal

i will reach home today by 5pm. this is an example of:

global consistency

in a multinational firm, managers at company headquarters typically prefer an emphasis on _______ because It simplifies decisions

satisficing

in practice, managers often dont have enough info or have a limited time to make a decision, this is called

information and time constraints

in practice, managers often satisfice instead of maximize because of

licensing

lunchbox.com designs and makes lunch boxes for kids. most lunch boxes have themes like disney. Lunchbox.com does not have ownership to the images but can use them for paying a fee. The is an example of:

mid level

tactical plans are set at the