The work and family issue is strictly a women’s issue.
TFDonalds currently owns more than 50 percent of its restaurants.
Financial ratios are not applicable to nonprofit organizations.
While it is socially responsible to be a good steward of the natural environment, doing
so will not enable a firm to gain competitive advantage.
According to a study by the Institute of Business Ethics, companies that do not display
ethical conduct consistently outperform companies that show a clear commitment to
ethical conduct.
It is predicted that, by 2025, over 18% of the population in the United States will be 65
years or older.
Unrelated diversification may be an especially effective strategy when an organization’s
basic industry is experiencing increasing annual sales and profits.
Market penetration can be classified as either a conservative, aggressive, or competitive
strategy.
According to the Grand Strategy Matrix, when a Quadrant I firm is too heavily
committed to a single product, then related diversification may reduce the risks
associated with a narrow product line.
Primary responsibility for ensuring ethical behavior rests with middle- and low-level
managers, since they are in a position to influence many employees.
Which approach for managing and resolving conflict involves playing down differences
between conflicting parties, while accentuating similarities and common interests?
A) Avoidance
B) Resistance
C) Compliance
D) Defusion
E) Confrontation
Which statement is TRUE?
A) Companies must choose between having a mission statement or a vision statement.
B) A company can’t have a mission statement unless it has a vision statement.
C) A vision statement cannot be established until a company has developed its mission
statement.
D) The vision statement should be established before the mission statement.
E) Companies are required by law to have both mission and vision statements.
Which of the following is NOT one of the nine recommended components of a mission
statement?
A) Strategies
B) Self-concept
C) Concern for employees
D) Markets
E) Customers
Terms such as objectives, mission, strengths, and weaknesses were first formulated to
address problems
A) on the battlefield.
B) in the boardroom.
C) on the trading floor.
D) in the military hierarchy.
E) in interpersonal relationships.
According to McGinnis, a mission statement should be all of the following EXCEPT
A) it should be broad enough to include all ventures.
B) it should be stated in clear terms.
C) it should distinguish an organization from all others.
D) it should define what an organization is.
E) it should serve as a framework for evaluating both current and prospective activities.
Hawaii, California, and ________ already have no majority race or ethnic group.
A) New York
B) New Jersey
C) New Hampshire
D) New Mexico
E) all of the above
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 taxes analysis
C) Gross profit analysis
D) Capital asset pricing model
E) Present value analysis
All of the following are basic functions of marketing EXCEPT
A) value chain analysis.
B) customer analysis.
C) product and service planning.
D) pricing.
E) distribution.
The top row of a QSPM consists of alternative strategies derived from all of the
following EXCEPT
A) Grand Strategy Matrix.
B) BCG Matrix.
C) SPACE Matrix.
D) CPM Matrix
E) IE Matrix.
In which of the following industries is the USA NOT yet greatly challenged by foreign
competitors?
A) Auto industry
B) Electronics
C) Manufacturing
D) Retailing
E) None of the above
Which term is primarily concerned with shareholder well-being rather than employee
well-being?
A) Benchmarking
B) Reengineering
C) Product redesign
D) Process management
E) Restructuring
The goal of strategic management is to
A) achieve competitive advantage.
B) maintain competitive advantage.
C) achieve and maintain competitive advantage.
D) eliminate competitive advantage.
E) eliminate and abolish competitive advantage.