Access to distribution channels is a major source of which competitive force?
A. Bargaining power of buyers
B. Threat of entry
C. Threat of substitute products
D. Bargaining power of suppliers
In the SWOT analysis diagram, which cell presents the least favorable situation?
A. Cell 2
B. Cell 1
C. Cell 4
D. Cell 3
In which of the principles of successful collaborative social initiatives is a mutually
beneficial relationship created between the partners?
A. Contribute specialized services to a large-scale undertaking
B. Identify a long-term durable mission
C. Contribute “what we do”
D. Assemble and value the total package of benefits
Companies should:
A. Designate the responsibility for innovation to a few individuals or groups
B. Not tolerate risk, failure and mistakes in intrapreneurship
C. Give innovators the chance to bring for their ideas
D. Encourage turf-building within the organization, to facilitate innovation
The automobile industry is an example of a _______ industry.
A. multidomestic
B. global
C. transnational
D. multinational
Freedom from arbitrary and capricious behavior on the part of company officials is a
typical claim of which stakeholder group?
A. Stockholders
B. Creditors
C. Employees
D. Society
_________ create differences across national boundaries that influence how people
interact, read personal cues and otherwise interrelate socially.
A. Values
B. Religions
C. Social norms
D. Educations
Corporations today are increasingly seeing their structure become an elaborate network
of external and internal relationships. This is known as:
A. Webbing
B. The agile organization
C. Outsourcing
D. The virtual organization
Most new ventures find _________ hard to get, so gradually nurturing a relationship
with a commercial lender is a wise approach for the new entrepreneur.
A. Patient money
B. Friendly sources
C. Equity financing
D. Debt capital
Which of these refers to acquisition of businesses that are related to the acquiring firm
in terms of technology, markets or products?
A. Concentric diversification
B. Horizontal integration
C. Conglomerate diversification
D. Divestiture
Because certain ideal strengths rarely coexist in one individual, __________ is
increasingly found to involve teams of people that combine their strengths.
A. Administration
B. Entrepreneurship
C. Invention
D. Promotion
The team in a product-team structure is usually created at _______ and they stay with it
indefinitely if it becomes a viable business.
A. Financing stage of a new product idea
B. The marketing stage of a new-product idea
C. The inception of the new-product idea
D. The distribution stage of a new-product idea
Which of these is the largest and fastest growing segment of social investing?
A. Guideline portfolio investing
B. Global investing
C. Stockholder activism
D. Ethical and economic responsibilities
Which of the following types of strategic control seldom is used with environmental
factors?
A. Strategic surveillance
B. Special alert control
C. Premise control
D. Implementation control
_____________ is designed to assess whether the overall strategy should be changed in
light of the results associated with the incremental actions that implement the overall
strategy.
A. Strategic surveillance
B. Special alert control
C. Premise control
D. Implementation control
When one company buys another, the purchase is called a(n)
A. divestiture B. joint venture
C. acquisition
D. franchise
The Walt Disney Company is a multibusiness company. It typically would have ____
levels of strategy.
A. 5 or more
B. 4
C. 3
D. 2
Policies reduce _______ in day to day decision making.
A. The need for operating personnel
B. The number of routine problems
C. The speed with which decisions can be made
D. Uncertainty
Three indispensable components of the mission statements are specifications of the:
A. Basic product or service, primary markets and principal technology
B. Self-concept, managerial philosophy and public image
C. Concern for survival through growth, self-concept and primary markets
D. Economic goals, core competencies and primary and secondary customers
_______ is intended to place the decision-making authority that is more relevant to the
customer closer to the customer, in order to make the firm more responsive to the
customer’s needs.
A. Delegation
B. Empowerment
C. Business process reengineering
D. Functional orientation
Which of the following represents an operating opportunity to build value or sharing?
A. Shared inbound or outbound shipping and materials handling
B. Shared management know-how
C. Shared after-sales service
D. Shared brand name
In addition to monitoring and evaluating firm social performance, managers use social
audits for all of these EXCEPT
A. Scan the external environment
B. Obtain governmental subsidies for their operations
C. Institutionalize CSR within the firm
D. Determine firm vulnerabilities
Which one of the following is NOT a perspective found in the Balanced Scorecard?
A. Stakeholder performance
B. Financial performance
C. Customer knowledge
D. Learning and growth
Whether apparent or not, _______ among business units within or outside the parent
company may be complex or difficult to establish without parent company help.
A. Capabilities
B. Expertise
C. Sales
D. Linkages
The behavioral consequences of strategic management are similar to those of
A. authoritative decision making B. centralized decision making
C. autocratic decision making
D. participative decision making
Which of the following are considered competitors?
A. Low substitutability products
B. Firms with dissimilar scope
C. Substitute products
D. Uncommitted firms
________ offers the best possibility for recouping the firm’s investment.
A. Liquidation
B. Divestiture
C. Turnaround
D. Retrenchment
Consider Vepco, a company that began as a rocket propulsion development firm and
grew through vertical integration. The firm is trying to figure out how to keep pace with
the accelerated trends toward outsourcing that has developed in the last 10 years. Which
type of parenting opportunity does this represent?
A. Business definition/redefinition
B. Management
C. Specialized expertise
D. Predictable errors
If a company must restate its financial statements, per the Sarbanes-Oxley Act, the
A. CEO and CFO must relinquish any bonus or incentive-based compensation
B. CEO and CFO must resign
C. CFO is prosecuted for falsifying information while CEO is charged a penalty
D. CEO must find a new board of directors for the company
_______ of all industry either operates globally or will soon do so.
A. Nearly one-third
B. Over three-fourths
C. More than two-thirds
D. The vast majority
Which of these represents the most basic responsibilities of business?
A. Economic
B. Political
C. Legal
D. Ethical
Business strategies provide _______ direction.
A. General
B. Focused
C. Generic
D. Narrow
The _______ is a new perspective on understanding a firm’s success based on how well
the firm uses its internal resources.
A. Resource-based view
B. Value chain view
C. Corporate view
D. Functional view
One of the most important steps a firm can take in achieving a competitive position
with regard to the eco-efficiency strategy is to
A. Outsource the operations to a developing country
B. Fully capitalize on technological developments
C. Shift from service to manufacturing operations
D. Mandate that all suppliers, distributors and customers reduce their resource
consumption
Which law revised and strengthened auditing and accounting standards?
A. Federal Fair Packaging and Labeling Act
B. Sarbanes-Oxley Act
C. Truth in Lending Act
D. National Environmental Policy Act