BUS 450 Final Exam

set of trends

Rumlet's criteria of consonance refers to the need for strategists to examine

market segmentation and product positioning

Which two variations rank as marketing most important contributions to strategic management?

conservation of energy

a proactive environmental policy is likely to lead to

is to make enough profit to afford the cost of the future because if this is not achieved then no other social responsibility can be met

according to the text, the first social responsibility of any business

increasing time span for which planning can be open as opposed to secretive with strategy process except

all of the following are reasons to be completely open as opposed to secretive with the strategy process except

individualism

all of the following are things that many cultures around the world value more than the competitiveness that is so important in the united states except

preventing environmental harm

all of the following business actions are considered to be unethical except

time; relationship

americans place an exceptionally high priority on ________ whereas many foreigners place more worth on ______

insight and apathy

an absence of conflict can signal ____ within an organization

joint ventures

can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distribution in foreign countries

position

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

action-oriented, information-oriented

controls need to be ____ rather than _____

requires both qualitative and quantitative skills

evaluating the worth of a firm

true

four types of resources that can be used to achieve desired objectives are financial, physical, human and technological (true or false)

furniture

in which of the following industries is the united states not yet greatly challenged by foreign companies

monitoring suppliers, coordinating activities among divisions, keeping managers and employees informed, cross-selling to customers

information collection, retrieval, and storage can be used to create competitive advantages in ways such as

supply and demand

matching which factors would allow factories to produce desirable levels without extra shifts, overtime, and subcontracting?

insufficient to guarantee that employees behave in an ethical manner

simply having a code of ethics

foster mutual understanding and trust

strategy-evaluation process should

underestimated; overestimated

strengths of competitors in foreign lands are often _____, and weaknesses are often _______

china

the percentage of persons age 65 or older exceeds 20 percent in japan, italy, and ______

matrix structure

which is the most complex form of organizational structure?

Italy

which of the following is a european country in which union membership is growing

amount of physical resources

which of the following is not a key attribute that serves as one of the evaluative criteria for fortune's "america's most admired companies"?

to be a price leader or a price follower

which of the following is not given as an example of a decision that may require finance/accounting policies?

use terms like maximize, minimize, and as soon as possible; represent a primary tool for formulation strategy

which of the following is not true about objectives?

computer vulnerability has nearly been eradicated by recent innovations, and it is now possible to secure and safeguard all corporate communications, files, and business conducted over the internet

which statement is not true?

false

multidimensional scaling involves examining three or more criteria simultaneously in product-positioning analysis

multinational corporations

organizations that conduct business operations across national borders are called

with both a firm's strategist and its managers

responsibility for encouraging ethical decisions making and ensuring ethical behavior in a firm lies

some strategic information should remain confidential to top managers

with regard to the visible or hidden issue, most executives agree that

workplace romance

workplace romance should be strictly forbidden by organization