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
