A typical matrix organizational structure is
A.flat and decentralized.
B.flat and centralized.
C.tall and decentralized.
D.tall and centralized.
E.none of these.
Pursuing strategies that maximize the long-run profitability and profit growth of a
company benefits which group(s) of stakeholders?
A.Employees
B.Creditors
C.Charitable organizations in the local community
D.The general public
E.All of these
Growth industries
A.typically suffer from high mobility barriers.
B.tend to be characterized by weak rivalry.
C.have high rivalry among established companies.
D.increase prices because customers are more aware of the industry’s product.
E.provide economies of scale to existing companies.
Which of the following is not something that managers can do to make sure that ethical
issues are considered in business decisions?
A.Hire and promote people who have a strong sense of personal ethics
B.Build an organizational culture that places a high value on ethical behavior
C.Adopt the Friedman doctrine
D.Act with moral courage
E.Put decision-making processes in place that require people to consider ethical
dimensions of business decisions
The purpose of governance mechanisms in corporations is to
A.keep employees in line.
B.reduce the scope and frequency of the agency problem.
C.satisfy the requirements of the Securities and Exchange Commission (SEC).
D.limit corporate growth to manageable rates.
E.none of these choices.
In part due to advances in medicine, Americans are currently living longer now than in
the past. As a result, the sale of products that meet the needs of older individuals, such
as devices that assist in walking and movement, have increased. Age can be referred to
as a
A.technological force.
B.demographic force.
C.social force.
D.political force.
E.legal force.
External stakeholders of a company include
A.unions.
B.the board of directors.
C.executive officers.
D.stockholders.
E.employees.
Most embryonic industries arise from
A.a technological breakthrough.
B.serendipity.
C.patents.
D.government research.
E.university research and development programs.
Historically, government reputation has
A.encouraged new entrants into an industry.
B.constituted a major entry barrier into major industries.
C.neither hampered nor encouraged new entrants into an industry.
D.encouraged the growth of new companies.
E.none of these choices.
A telecommunications firm develops new wireless cellular phones, a technology in
which foreign competition is low and the need for local responsiveness is high. What is
the most appropriate short-term strategy for this firm?
A.Global standardization
B.International
C.Localization
D.Transnational
E.Joint venture
The first step in the strategic management process is
A.defining the mission and major goals of the organization.
B.analyzing the macroenvironment.
C.analyzing the industry environment.
D.determining the firm’s strengths and weaknesses.
E.deciding on a fit between the organization’s strengths and weaknesses and the
environment’s opportunities and threats.
The organization structure that organizations most commonly adopt to solve control
problems that result from producing many different kinds of products for many
different market segments is the
A.functional structure.
B.process structure.
C.matrix structure.
D.product structure.
E.differentiated structure.
The global-product strategy is weak when it comes to
A.manufacturing of products.
B.distribution of products.
C.responsiveness to customers.
D.all of these.
E.none of these.
Companies are now able to pursue cost leadership and differentiation simultaneously
because
A.of the emergence of flexible manufacturing technologies and new information
technologies.
B.markets have become more homogeneous.
C.industries have become consolidated.
D.barriers to entry have fallen.
E.government regulation has diminished.