Quiz

which of the following variable is NOT directly affected by market segmentation?

process

which is NOT a step in performinf a projected financial analysis

use the revenue account as the plug figure

Today, boards of directors are composed mostly of A) outsiders. B) management. C) union members. D) company employees. E) past executives.

outsiders

In preparing projected statements, to project cost of goods sold in the income statement, which of these methods is recommended

percentage of sales method

which of the following is NOT a management issue central to strat implement

performing an internal audit

Competitive advantage is normally the result of superiority in resources, skills, or

position

which method of determining a firm's net worth divides the market price of the firms stock by the annual earnings per share, and multiplies the number by the firms average income for the past 5 years

price - earnings ratio method

which of the following is NOT a reason for the increasing difficulty of evaluating strats

product life cycles are longer

The idea that the positioning of ones _____ can enhance their combined effectiveness

resources

competitive advantages are normally the result of superiority in one of three areas. which of the following is one of them

resources

Which term is primarily concerned with shareholder well being rather than employee well being

restructuring

a firm takes corrective actions during strategy evaluation. Which of the following is NOT a type of corrective action

take on more debt

which of the following is NOT an accepted approach for determining a businesses worth

the return on investment method

all of the following statements regarding the recent trend in japan EXCEPT

the switch boosting employee morale

which of the following is NOT true about objectives?

they should use terms like "maximize and minimize" and asap

all of the following are strategic marketing issues or decisions except

to use operating leverage

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns? A) Contingency planning B) The Balanced Scorecard approach C) Taking corrective action D) Benchmarking E) Consonance

Balance Scorecard

_____ Plans can be defined as alternative plans that can be put into effect if certain key events do not occur

Contingency

After completing an EPS/EBIT analysis, what conclusions would you make if the debt line is above the stock line throughout the range of EBIT on the graph?

Debt appears to be the best financing alternative

The act of oversight and direction for an organization is referred to as A) corporate lawmaking. B) centralized control. C) organizational direction. D) establishing norms. E) governance.

E - governance

A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats. A) IFE matrix B) mission C) EFE matrix D) vision E) CPM matrix

EFE matrix

A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses. A) mission B) IFE matrix C) vision D) EFE matrix E) EPM matrix

IFE matrix

which org structure has the disadvantage of amiguous roles for some senior execs

SBU

which of the following is usually NOT a base used for an effective bonus system

age

corrective action should do all the following EXCEPT

avoid external opportunities

according to researchers, all of the following encourage individuals to accept change except

being overpowered by the nature, types, and speed of changes

which is NOT one of the basic ways a divisonal structure can be organized

by cost

which approach for managing and resolving conflicts incolves exchahning members of conflicting partieis so that each can gain appreciation

confrontation

Only high-priority areas require the insurance of ____ plans

contingency

just in time decribes

delivering materials just as they are needed

which of these is a potential problem associated with only using quantitative criteria for selecting strats

diffferent accounting methods

all of the following are examples of offerings at companies to promote a corporate well being culture except

free health insurance for employees who excersize

when developing an org chart you should

have division presidents report to a COO

The percentage of managers annual bonus attributable to short-term versus long-term results should vary by

hierarchial level in the organization

the denominator of EPS is

shares outstanding

The omega company sells two very different products.....would suit the omega company is the _____ structure

divisonal by product

the other name for operating income is

earnings before interest and taxes

which of the following is the first activity in strat evaluation

examining the underlying bases of current strategies

which two variables rank as marketings most important contribution to strategic management

market segmentation and product positioning

what is the most complex form of organizational structure

matrix

Adequate and timely _____ is/are the cornerstone of effective strategy evaluation.

feedback

______ are quantitative criteria commonly used to evaluate strats

financial ratios

The first step in performing projected finacial analysis is to

forecast sales as accurately as possible

Success today

is no guarantee of success tomorrow.

Most strategy literature advocates that strategic management is A) more of a science than an art. B) more of an art than a science. C) based on analysis rather than research. D) based on intuition rather than analysis. E) based on creativity rather than intuition.

more of a science than an art

All of the following are reasons to be completely open as opposed to secretive with the strategy process EXCEPT

openness limits rival firms from imitating or duplicating the firms strategies

a divisional structure by geographic area is most appropriate when

organizations have similar branch facilities located in widely disperesed areas

if you discover during the course of a strat evalutation that major changes have occured, you should

take corrective action

financial ratios are used to compare a firms performance over different time periods....

the performance of competitors

which of the following is NOT given as an example of a decision that may require finance/acct policies

to be a price leader or price follower