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