A forward integration strategy is used by firms to gain control or ownership of
suppliers.
It is always easier to say you are going to do something (strategy formulation) than to
actually do it (strategy implementation).
The firm should pursue aggressive strategies if the coordinates of a SPACE directional
vector are (+5, +4).
Tasks and activities are grouped together by business function in a divisional
organizational structure.
The form of a Balanced Scorecard does not vary for different organizations or
industries.
The major benefit of the BCG Matrix is that it draws attention to the cash flow,
investment characteristics, and needs of an organization’s various divisions.
Chapter 13 bankruptcy is similar to Chapter 11, but available only to large corporations.
The Sarbanes-Oxley Act put an end to the “country-club” atmosphere of most boards
and has shifted power from CEOs to directors.
A good mission statement serves as a framework for evaluating both current and
prospective activities.
While forecasts might not be perfect, they are never wildly inaccurate.
An important business activity in Japan is entertaining because it strengthens Wa.
A dual bonus system based on both annual objectives and long-term objectives is
becoming common.
________ can reveal the demographic characteristics of an organization’s customers.
A) Customer profiling
B) Test marketing
C) Market development
D) The vision statement
E) Telemarketing
What is the most widely used technique for determining the best combination of debt
and stock?
A) Debt-to-stock ratio
B) Earnings per share/earnings before interest and tax analysis
C) Gross profit analysis
D) Capital asset pricing model
E) Present value analysis
________ allows firms to sell products, advertise, purchase supplies, bypass
intermediaries, track inventory, and eliminate paperwork.
A) Social networking
B) E-commerce
C) Blogging
D) Video sites
E) None of the above
Which of the following analytical tools consists of a nine-cell matrix?
A) BCG Matrix
B) Competitive Profile Matrix
C) SPACE Matrix
D) Grand Strategy Matrix
E) Internal-External Matrix
Which approach for managing and resolving conflict involves exchanging members of
conflicting parties so that each can gain an appreciation of the other’s point of view?
A) Avoidance
B) Resistance
C) Compliance
D) Defusion
E) Confrontation
Which phrase would most likely be incorporated into written objective statements?
A) Maximize
B) Minimize
C) 10% increase
D) Adequate
E) All of the above
Discuss the economic outlook for Africa.
Annual objectives are especially important in strategy
A) reduction.
B) formulation.
C) implementation.
D) evaluation.
E) policy.
When developing a mission statement, what is needed before people can focus on
specific strategy formulation activities?
A) Negotiation
B) Compromise
C) Eventual agreement
D) A and B only
E) All of the above
It is predicted that the United States will have how many racial or ethnic majorities by
the year 2075?
A) None
B) One
C) Two
D) Three
E) Five
Which of the following is the first step in developing a QSPM?
A) Compute the Total Attractiveness Scores.
B) Examine the Stage 2 matrices and identify alternative strategies the organization
should consider implementing.
C) Assign weights to each key external and internal factor.
D) Determine the Attractiveness Scores.
E) Make a list of the firm’s key external opportunities/threats and internal
strengths/weaknesses in the left column of the QSPM.