Strategic Management Quiz A2
If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is $15, what is the breakeven quantity?
1,000
Which ratio would be considered an activity ratio?
Average collection period
Which of the following is NOT a published source of external strategic information?
Customer surveys
Which of the following is NOT a key question that can reveal internal strengths and weaknesses regarding a firm's marketing function?
Does the firm have good liquidity?
Which of the following are NOT mentioned as an example of cultural products?
Emotions
External audits attempt to identify key variables that offer highly intuitive responses.
False
________ is NOT a basic mission of a competitive intelligence program
Identifying industry executives who could be hired by the firm
Who are the world's longest-living people?
Japanese
Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?
Organizing
What marketing function includes test marketing?
Product and service planning
Who should perform an internal audit?
Representative managers and employees from throughout the firm
What is the term for a historical narrative describing the unique accomplishments of a group and its leaders?
Saga
When using External Factor Evaluation (EFE) Matrix, what is done after multiplying each factor's weight by its rating to determine a weighted score?
Summing the weighted scores for each variable to determine the total weighted score for the organization
In recent times, which of the following has largely refrained from protectionist measures?
The United States
In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.
True
A ________ integration strategy is used by firms to gain control or ownership of suppliers
backward
An effective information management system ________ information in such a way that it answers important operating and strategic questions.
collects codes stores synthesizes All of these (answer)
The investor relations pages of a company website ________ information about a firm.
is a good place to start to find
The historical trend of people moving from ________ has dramatically slowed.
the Northeast to the Sunbelt
Life-directing attitudes that serve as behavioral guidelines are called
values