BUSI 1200 Final
A patent generally has a life of
20 years
BUSI 1200 is one of how many leadership courses in the College of Business leadership program
4
How many small test are given during the semester
4
The article "A New Crop of Mall Rats" said that what percentage of Gen Zers had been to a mall during their survey period in 2018
95
Which statement is the best about ethics across national boundaries
A bribe in one country may not be a bribe in another
Infrastructure is the foundation for
A country's economy
China is
A mixed economy
The Toyota 5 Whys method is
A way to make sure you identify a problem rather than a symptom
A written list of resources needed to make a strategic goal happen is an
Action plan
Which of the following are examples of the political/legal general environment?
All of the above
The foreign corrupt practices act makes it illegal for
Americans to bribe any government official anywhere in the world
Patents, trademarks, copyrights, and trade secrets:
Are examples of intellectual property
The board of directors are
Are part of the internal environment
The balance sheet represents the value of your company
At a specific point in time (a given day)
When writing about your experiences it is better to use
Bullets
The internal stakeholder business environment includes
Can include all the above
Look at the figures below for assets = liabilities + owners Equity. Which Company below has the highest ownership by owners?
Company C 500 = 200 + 300
The task environment would include
Customers, competitors, suppliers, and distributors
Which of the following are, arguably, the two most important steps in the DECIDE process
Define; Evaluate
Generation Y and the baby boomers are examples of
Demographic environment
The strongest type of patent is
Design patent
All non-personal email communication from students to instructor should come via
Discussion Board General Questions Thread
China's great demand for world commodities such as steel and oil is an example of what general environment
Economic
A manager making a strategic decision needs to have an EDGE perspective. EDGE stands for Expectations, Diversity, Globalization, and Ethics
False
A persons privacy can be compromised by DNA results only is the donor is a very close relative
False
A student who misses 2 Chats and makes A's on all their tests and assignments will pass BUSI 1200
False
Accurate accounting systems that follow accepted policy do not increase trust in company strategies
False
Distributors, not owned by your company, do not help execute your strategy
False
Employers spend about a minute, on average, in their first review of a resume
False
Financial institutions as a source of capital are part of the General Environment
False
Grammatically speaking the word 'data' is singular
False
In a SWOT analysis, all competitors are threats
False
Leadership is the ability to influences employees
False
Leading change is not important in strategy
False
Managers do not watch the business environment to help them plan or adjust their strategy
False
On your first resume you should include as much information from high school as you can
False
Profit is the result of purpose in a vision or mission
False
The EDGE perspective in the ECU College of Business means leaders consider Energy, Divergence, Global, and Ethics when leading
False
The goal of every presentation are to direct and hold audience attention and promote memory
False
To be a leader, you must hold a manager job title in the organization
False
We learn that only experienced people should lead
False
Why companies do what they do, should not be communicated first when communicating strategy focus and momentum to stakeholders
False
he name of this course is Strategy Forever
False
it is illegal for police in the US to use public DNA/Geneology web sites to help find suspects
False
In the paradox of choice experiment discussed in class, researches found that more people bought a product when they had
Fewer options to choose from
Which four of the following are performance dimensions for Supply Chain
Flexibility; Time; Cost; Quality
The shrinking of time and space that makes it easier and faster for people to communicate is known as
Global village
Which statement is the most correct about Globalization?
Globalization has both positive and negative consequences
When adding your address to your resume you should use
Home (permanent) address
Return On Assets measures
How efficient management is in using assets to generate
Which of the following is not a reason for an increased global economy
Increase in protectionism
To equal the spending power of $100 10 years ago you would need $119.51. This increase is caused by which two of the following
Inflation; Taxes
Using intellectual property, you do not own
Is just as illegal as robbing a bank
Companies are created in various legal structures in response to what two concerns
Liabilities / taxes
In class it was suggested by some text book authors that MIS was the most important course in business school. The underlying reason for this assertion was that
MIS helps you learn how technology touches and changes all facets of business
"Don't Play it (too) Safe" says that anger
Makes men but not women more likely to gamble
the term conflict minerals refers to materials in the supply chain that
May or may not be what they say they are
Used sin decision making the minimax regret criteria looks for the alternative that
Minimizes your loses if you don't pick the best alternative
A company had 100 suppliers providing $100 million annually in materials for it's plant. 20 suppliers provided $80 million of those supplies. This is an example of
Pareto Analysis
Manufacturers and service providers are linked by all of the following EXCEPT
Process flows
Which of the following pricing strategies is generally used with new high tech devices
Skimming
An organizations code of ethics is made up of which three elements
Social; Personal; Professional
As asset is
Something owned by the business, normally not fully consumed in the current reporting period, that helps make or deliver your product or service
In a payoff table, which of the following do you NOT have control over
State of nature
A drug company discovered a new drug. They manufacture the drug but partner with another drug company already selling to this therapeutic market to sale aid
Strategic allies
All major assignments must be completed to pass BUSI 1200
T rue
A tariff is a
Tax
Trademark most likely protects
The product logo and name
Exchange rate is
The rate at which one country's currency can be exchanged for another country's currency
Managers tend to have more control over
The task environment
Firms become international because
They need access to new markets
The formula for Coca-Cola is an example of
Trade secret
NAFTA is an example of a
Trading bloc
A company can pursue more than one grand strategy at a time
True
A good rule of thumb is one slide per minute of presentation time allowed
True
A leader looking back at five years of balance sheets would want to see liabilities
True
A mission has a longer time horizon than a vision
True
A promotion campaign that uses Google Ad Words to target customers is a push campaign
True
As a general rule, behaving ethically is good for managers and companies
True
As a general rule, money today is better than money tomorrow
True
Gen Z consumers, oddly to marketers, like to spend time at the mall and use their smart devices to shop. A change up from previous generations
True
In making ethical decisions, managers must often choose between the conflicting interests of stakeholder groups
True
Key customers will change over time for any customer and must be accounted for in the strategy
True
Leaders use financial statements to measure if they are achieving their strategy or not
True
Mining companies are using blockchain technology to help reduce conflict materials in their supply chains
True
Stakeholders that do not believe their strategic goals are being addressed will not support company strategy long term
True
Strategy requires cultural support
True
The Federal Trade Commission requires that influencer's on social media indicates that the content they are posting is sponsored
True
The control step in strategic planning recognizes that good failure can exist
True
The internet of things is part of the sociocultural environment will impact smart green and strategies in the coming years
True
The matching principle says expenses must be recognized in same period they occurred to generate sales
True
The relationships you build are more important when leading than your position on the organizational chart
True
When McDonald's added the McCafe, this was a defensive strategy to defend its breakfast business
True
When making a resume, tables and templates should be avoided
True
When providing your experience on a resume you should quantify what you did where ever possible
True
In the article "Don't Play it (too) Safe" the author says that two of the following are good strategies fo CEO's to help understand their temperament and risk
Use an executive coach; Have a diverse team around you
Simon Sinek believes the first strategic communication to stakeholders should be
Why you do what you do
n a SWOT analysis, Strengths, and Weakness are [x] while Opportunities and Threats [y]
X = internal; y = external
Sam Walton said "People think we got big by putting big stores in small towns. Really, we got big by replacing [x] with [y]"
X = inventory; y = information
If [x] is the language of the universe then [y] is the language of business
X = math; y = accounting