The purpose of organizing is to achieve coordinated effort by defining task and
authority relationships.
The SWOT matrix, if used appropriately, does not have any limitations.
Segmenting industrial markets is generally simpler and easier than segmenting
consumer markets.
Unrelated diversification is an appropriate strategy when an organization’s present
channels of distribution can be used to market the new products to current customers.
A good mission statement serves as a framework for evaluating both current and
prospective activities.
Geographic distance and cultural differences are two of the factors that can make
communication between domestic headquarters and overseas operations difficult.
Strategy changes may be highly effective and productive if a supportive culture does
not exist.
Strategy formulation requires coordination among a few individuals, but strategy
implementation requires coordination among many.
Intelligence gathering is an unethical business practice.
One aspect of ads recently is that they
A) take more direct aim at competitors.
B) do not mention competitors.
C) allude to competitors in a positive light.
D) are less combative.
E) none of the above
What types of skills are especially critical for successful strategy implementation?
A) Interpersonal
B) Marketing
C) Technical
D) Conceptual
E) Visionary
________ organizations require more elaborate and detailed strategy-evaluation
systems than ________ ones because it is more difficult to coordinate efforts among
different divisions and functional areas.
A) Non-profit; for-profit
B) For-profit; non-profit
C) Large; small
D) Small; large
E) Foreign; domestic
Competition in virtually all industries is
A) nonexistent.
B) intense.
C) never cutthroat.
D) easily avoidable.
E) insignificant.
A limitation of financial ratios is the fact that they are based on accounting data.
In preparing projected statements, to project cost of goods sold and the expense items in
the income statement, which of these methods is recommended?
A) Determining the net worth method
B) What a firm earns method
C) Percentage-of-sales method
D) Price-earnings ratio method
E) Outstanding shares method
Which of the following is the process of influencing people to accomplish specific
objectives?
A) Staffing
B) Motivating
C) Planning
D) Controlling
E) Organizing
Life-directing attitudes that serve as behavioral guidelines are called
A) values.
B) rites.
C) beliefs.
D) metaphors.
E) legends.
Which section of the SWOT Matrix involves matching internal strengths with external
opportunities?
A) The WT cell
B) The SW cell
C) The WO cell
D) The ST cell
E) The SO cell
Firms can align ethical and strategic decision making by
A) omitting ethical considerations from long-term planning.
B) excluding ethical decision making from the performance appraisal process.
C) discouraging whistle-blowing.
D) monitoring departmental and corporate performance regarding ethical issues.
E) All of the above