(Test Bank) University Of Management And Technology-Mgt 195 Business Policy, Entire Course Assignments, Midterm Exams, And Final Exam Reviews With Complete Solutions

Unkown, 1

Business

Test Bank

1st Edition

• $15.00 $50.00

---

Description

Test Bank for University Of Management And Technology-Mgt 195 Business Policy, Entire Course Assignments, Midterm Exams, And Final Exam Reviews With Complete Solutions, The downloadable file consists of 1222 pages, and the total size of the file is 2.08 MB. Purchase now only for highly discounted price.

Author(s): Unkown

---

---

Study Note Preview

COURSES > MGT195-HK. BUSINESS POLICY > ASSIGNMENTS&EXAM > REVIEW ASSESSMENT: FINAL EXAM Review Assessment: Final Exam Name:Final Exam Status :Completed Score:94 out of 100 points Instructions:This exam consists of 100 equally weighted questions. Always pick the single best answer. Questions that are skipped or are submitted with multiple answers will be scored as incorrect. Question 1 1 of 1 points Which of the following is the first step in developing QSPM? Selected Answer: e. Make a list of the firm?s key external opportunities/threats and internal strengths/weaknesses in the left column of the QSPM Correct Answer: e. Make a list of the firm?s key external opportunities/threats and internal strengths/weaknesses in the left column of the QSPM Question 2 1 of 1 points Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies? Selected Answer: e. Matching Correct Answer: e. Matching Question 3 0 of 1 points What is one of the fastest ways to enforce change? Selected Answer: b. Promotional and layoff strategy Correct Answer: a. Force change strategy Question 4 1 of 1 points When cost of capital is high, __________ becomes a more attractive financing technique. Selected Answer: a. stock issuance Correct Answer: a. stock issuance Question 5 1 of 1 points Which of the following is (are) true about two different market segments? Selected Answer: b. They usually require different marketing strategies. Correct Answer: b. They usually require different marketing strategies. Question 6 1 of 1 points Strategy formulation Selected Answer: b. focuses on effectiveness. Correct Answer: b. focuses on effectiveness. Question 7 1 of 1 points A(n) __________ reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies. Selected Answer: c. QSPM Correct Answer: c. QSPM Question 8 0 of 1 points __________ of transactions occur each year in which businesses are bought or sold in the United States. Selected Answer: d. Millions Correct Answer: c. Thousands Question 9 1 of 1 points The term policy does not incorporate the term Selected Answer: a. objective. Correct Answer: a. objective. Question 10 0 of 1 points A revised __________ should indicate how effective a firm?s strategies have been in response to key opportunities and threats. Selected Answer: e. CPM matrix Correct Answer: c. EFE matrix Question 11 1 of 1 points __________ is known as the tactic of shifting focus from specific issues to more general ones. Selected Answer: c. Generalization Correct Answer: c. Generalization Question 12 1 of 1 points Which of the following describes most Japanese managers? Selected Answer: d. Impulsive Correct Answer: d. Impulsive Question 13 1 of 1 points Conflict in an organization is Selected Answer: c. sometimes good and sometimes bad. Correct Answer: c. sometimes good and sometimes bad. Question 14 1 of 1 points Although Quadrant _____ companies are growing, according to the Grand Strategy Matrix, they are unable to compete effectively, and they need to determine why the firm?s current approach is ineffective and how the company can best change to improve its competitiveness. Selected Answer: b. II Correct Answer: b. II Question 15 1 of 1 points Because annual objectives __________________, they are important for strategy implementation. Selected Answer: d. All of these Correct Answer: d. All of these Question 16 1 of 1 points Which of these is not a key attribute in Fortune's strategy evaluation research on ?America?s Most Admired Companies?? Selected Answer: d. Amount of physical resources Correct Answer: d. Amount of physical resources Question 17 1 of 1 points Physically separating the conflicting individuals (groups) represents the __________ conflict management/resolution approach. Selected Answer: d. avoidance Correct Answer: d. avoidance Question 18 1 of 1 points Ineffectiveness and/or inefficiencies indicate the need for Selected Answer: c. some form of correction action. Correct Answer: c. some form of correction action. Question 19 1 of 1 points Which of the following is not a step of a TOWS Matrix? Selected Answer: d. List the firm?s external weaknesses Correct Answer: d. List the firm?s external weaknesses Question 20 1 of 1 points common methods for implementing change include Selected Answer: a. layoffs, promotions and moving people within the company. Correct Answer: a. layoffs, promotions and moving people within the company. Question 21 1 of 1 points What term is defined as the product of multiplying ratings by attractiveness scores in each row of the QSPM? Selected Answer: a. Total attractiveness scores Correct Answer: a. Total attractiveness scores Question 22 1 of 1 points In-house R&D is a preferred solution in all of these situations except which one? Selected Answer: d. If technology is changing rapidly and the market is growing fast Correct Answer: d. If technology is changing rapidly and the market is growing fast Question 23 1 of 1 points What is the best type of strategy evaluation? Selected Answer: c. Continuous Correct Answer: c. Continuous Question 24 1 of 1 points ____________ involves reconfiguring or redesigning work, jobs and processes for the purpose of improving costs, quality, service and speed. Selected Answer: c. Reengineering Correct Answer: c. Reengineering Question 25 1 of 1 points Today, boards of directors are composed mostly of __________. Selected Answer: a. outsiders Correct Answer: a. outsiders Question 26 1 of 1 points The most common type of financial budget is the __________ budget. Selected Answer: a. cash Correct Answer: a. cash Question 27 1 of 1 points Looking for a vacant niche helps a company determine Selected Answer: c. the best place to position a product. Correct Answer: c. the best place to position a product. Question 28 1 of 1 points Holding a meeting at which conflicting parties present their views and work through their differences represents a(n) __________ approach to conflict management. Selected Answer: e. confrontation Correct Answer: e. confrontation Question 29 1 of 1 points The BCG measures relative market share position as Selected Answer: b. a division?s market share divided by the market share of the largest rival in that industry. Correct Answer: b. a division?s market share divided by the market share of the largest rival in that industry. Question 30 0 of 1 points _________________ usually participate in an ESOP plan. Selected Answer: d. All full-time employees with more than three years seniority Correct Answer: a. All full-time employees over age 21 Question 31 1 of 1 points Which of these is not a rule of thumb when using product positioning as a strategy-implementation tool? Selected Answer: c. ?Try to serve more than one segment with the same strategy? Correct Answer: c. ?Try to serve more than one segment with the same strategy? Question 321 of 1 points A good information system can allow a firm to Selected Answer: a. gain competitive advantage Correct Answer: a. gain competitive advantage Question 33 1 of 1 points What type of organizational structure do most small businesses follow? Selected Answer: b. Functional structure Correct Answer: b. Functional structure Question 34 1 of 1 points __________ is having alternative plans that can be put into effect if certain key events do not occur as expected. Selected Answer: d. Contingency planning Correct Answer: d. Contingency planning Question 35 1 of 1 points _______ is not a major benefit of having a diverse workforce. Selected Answer: b. An increase in training costs Correct Answer: b. An increase in training costs Question 36 1 of 1 points Which of these is the most common type of budgeting time frame? Selected Answer: c. Annual Correct Answer: c. Annual Question 37 1 of 1 points A concern in matching managers with strategy is that jobs have relatively __________ responsibilities, while people are __________ in their development. Selected Answer: a. static; dynamic Correct Answer: a. static; dynamic Question 38 1 of 1 points __________ is included in the decision stage of the strategy formulation framework. Selected Answer: b. Quantitative Strategic Planning Matrix Correct Answer: b. Quantitative Strategic Planning Matrix Question 39 0 of 1 points The BCG Matrix limitations include Selected Answer: d. not allowing a company to be classified as somewhere in between two categories. Correct Answer: e. both c & d. Question 40 1 of 1 points Which of these is France?s best soaps and cosmetics company? Selected Answer: c. L?Oreal Correct Answer: c. L?Oreal Question 41 1 of 1 points Perhaps the most dramatic new market segmentation strategy is the Selected Answer: a. targeting of regional tastes. Correct Answer: a. targeting of regional tastes. Question 42 1 of 1 points Web advertising dollars spent by businesses increased to what percent of total advertising expenditures in 2002? Selected Answer: b. 27 Correct Answer: b. 27 Question 43 1 of 1 points ____________ is the basis for understanding in a firm. Selected Answer: b. Information Correct Answer: b. Information Question 44 1 of 1 points Which of the following characteristics does not contribute to the overall complexity of a matrix structure? Selected Answer: c. Extensive delegation of authority Correct Answer: c. Extensive delegation of authority Question 45 1 of 1 points In evaluating strategies, __________, one of Rumelt?s criteria for evaluating strategies, refers to the need for strategists to examine sets of trends. Selected Answer: b. consonance Correct Answer: b. consonance Question 46 1 of 1 points __________ means it is possible to achieve similar results using different means or paths Selected Answer: d. Equifinality Correct Answer: d. Equifinality Question 47 1 of 1 points Corrective actions are __________ as a result of strategy evaluation. Selected Answer: a. almost always needed Correct Answer: a. almost always needed Question 48 1 of 1 points In strategy evaluation, computers need to be viewed as _________ rather than as _________. Selected Answer: c. tools; actual decision-making devices Correct Answer: c. tools; actual decision-making devices Question 49 1 of 1 points __________ is/are the common type(s) of budget(s). Selected Answer: d. All of the above Correct Answer: d. All of the above Question 50 1 of 1 points ______________ occur(s) when the nature, types and speed of changes overpower an individual?s or organization?s ability and capacity to adapt. Selected Answer: c. Future shock Correct Answer: c. Future shock Question 51 1 of 1 points Which of the following are not resources that can be used by an organization to achieve desired objectives? Selected Answer: b. Natural resources Correct Answer: b. Natural resources Question 52 1 of 1 points 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? Selected Answer: a. Debt appears to be the best financing alternative. Correct Answer: a. Debt appears to be the best financing alternative. Question 53 1 of 1 points In pro forma financial statements, the ___________ account is used as a plug figure. Selected Answer: c. cash Correct Answer: c. cash Question 54 1 of 1 points The primary benefit sought from restructuring is Selected Answer: b. cost reduction. Correct Answer: b. cost reduction. Question 55 1 of 1 points Strategy analysis and choice largely involves making __________ decisions based on __________ information. Selected Answer: b. subjective; objective Correct Answer: b. subjective; objective Question 56 1 of 1 points HR managers need to foster more effective balancing of professional and private lives because nearly _____ million people in the United States are now part of two-career families. Selected Answer: a. 60 Correct Answer: a. 60 Question 57 1 of 1 points A divisional structure by geographic area is most appropriate when