Market penetration, market development, and product development are intensive
strategies.
The controlling function of management is synonymous with strategy formulation.
According to research, the most successful new product companies use a research and
development strategy that ties internal strengths to external opportunities and is linked
with objectives.
The number of hostile takeovers is on the rise.
A Competitive Profile Matrix allows strategists to summarize and evaluate economic,
social, cultural, demographic, environmental, political, governmental, legal,
technological, and competitive information.
Whereas ________ businesses embody individualism, achievement, competition, and
informality, ________ businesses stress collectivism, continuity, cooperation, and
formality.
A) Japanese; Mexican
B) Mexican; Japanese
C) Mexican; American
D) American; Mexican
E) Japanese; American
Which of the following statements is NOT true?
A) Open-mindedness is an important guideline for effective strategic management.
B) Strategic management must become a self-perpetuating bureaucratic mechanism.
C) No organization has unlimited resources.
D) Strategic decisions require trade-offs.
E) Strategic management must be a self-reflective learning process.
What type of strategy would divestiture be classified as?
A) Aggressive
B) Defensive
C) Competitive
D) Offensive
E) Conservative
Organizations should take a(n) ________ approach in their industry.
A) adversarial rather than a collegial
B) collegial rather than an adversarial
C) reactive rather than a proactive
D) proactive rather than a reactive
E) cooperative rather than a competitive
Which of the following is NOT a typical characteristic of most Japanese managers?
A) Reserved
B) Quiet
C) Distant
D) Impulsive
E) Introspective
In an industry that is, or is rapidly becoming global, the riskiest possible posture is to
A) become a global competitor.
B) remain a domestic competitor.
C) remain a global competitor.
D) expand beyond the role of domestic competitor.
E) none of the above
A company website ________ information about a firm.
A) is a good place to start to find
B) is not a reliable source of
C) is only acceptable as a last resort for
D) should not be used as the first place to look for
E) is a waste of time when searching for
The U.S. Foreign Corrupt Practices Act and a new provision in the Dodd-Frank
financial regulation-law allows company employees who bring cases of financial fraud,
such as bribery, to the government’s attention to receive ________ percent of any sum
recovered.
A) less than 10
B) exactly 20
C) up to 30
D) about 40
E) at least 50
The domestic food industry ________, so Kraft Foods is focusing on foreign
acquisitions.
A) is falling 5% per year
B) is falling 1% per year
C) is stagnant
D) is growing 3% per year
E) is growing 7% per year
Wellness programs
A) are too expensive for most companies to afford.
B) are desired by employees but don’t provide value to the company.
C) are becoming more prevalent as companies realize the benefits to the firm.
D) attract prospective employees who then fail to take advantage of them.
E) are facing legal challenges from the health-care industry.
A firm uses information technology to reconfigure work, jobs, and processes. As a
result, cost, quality, service, and speed are improved. What has the firm engaged in?
A) Restructuring
B) Benchmarking
C) Reengineering
D) Rightsizing
E) Delayering
Organizations that conduct business operations across national borders are called
A) protectionists.
B) national firms.
C) multinational corporations.
D) domestic companies.
E) all of the above.