Four common approaches to determine R&D budget allocations are:
1) finance as many project proposals as possible;
2) use a percentage-of-sales method;
3) budget for R&D about what competitors spend; or
4) decide how many successful new products are needed and work backwards to
estimate the required R&D investment.
Some ways in which firm’s are working to be more environmentally responsible include
using solar power and selling organic and environmentally friendly products.
Employee wellness cannot be a part of sustainability.
Jiffy Lube International would be a good example of a firm seeking the best-value focus
strategy.
Public accounting firms usually avoid strategy-evaluation services.
Cornerstones of reengineering are decentralization, reciprocal interdependence and
information sharing.
The heart of an information system is a database containing the kinds of records and
data important to managers.
Which strategy generally entails large research and development expenditures?
A) Market penetration
B) Retrenchment
C) Forward integration
D) Product development
E) Divestiture
________, perhaps the most important word in management, is a major component in
motivation.
A) Forecasting
B) Organizational structure
C) Recruiting
D) Management development
E) Communication
How should financial budgets be thought of?
A) as a tool for limiting expenditures
B) as a method for obtaining the most productive and profitable use of an organization’s
resources
C) as a method for rationing the profits from the past year
D) as a method for determining who should receive the largest pay raise
E) as a tool for forecasting future profits
________ can enable firms to learn the technology, culture, and business practices of
other people and to make contacts with potential customers, suppliers, creditors, and
distributors in foreign countries.
A) Economies of scale
B) Joint ventures
C) Low-cost production facilities
D) Reduced tariffs
E) Domestic operations
What term is defined as the product of multiplying the weights by the Attractiveness
Scores in each row of the QSPM?
A) Total Attractiveness Scores
B) Sum Total Scores
C) Weighted Scores
D) Total Weighted Scores
E) Factors
Ethics training programs should contain which of the following?
A) Messages from the CEO or business owner emphasizing ethical business practices
B) The development and discussion of codes of ethics
C) Procedures for discussing unethical behavior
D) Procedures for reporting unethical behavior
E) All of the above
The Financial Accounting Standard Board (FASB) Rule 142 deals with
A) illegal inflation of financial projections.
B) hacking issues in MIS.
C) goodwill.
D) how firms conduct R&D.
E) improving marketing policies.
General Electric achieved $20 billion in sales in 2011 in eco-friendly technologies
including all of the following EXCEPT
A) agricultural silicon that cuts the amount of water used in spraying fields.
B) software that provides centralized control over power consumption.
C) cleaner coal-fired power plants.
D) a diesel-and-electric hybrid locomotive.
E) agricultural silicon that cuts the amount of pesticide used in spraying fields.
Aspects of an existing culture that are antagonistic to a proposed strategy should be
A) preserved.
B) emphasized.
C) built upon.
D) changed.
E) celebrated.
Standard and Poor’s Industry Surveys include all of the following sections EXCEPT
A) Historic Environment
B) Industry Trends
C) How to Analyze a Company
D) Glossary of Industry Information
E) Comparative Company Financial Analysis
Establishing objectives is a
A) top-level activity.
B) centralized activity.
C) decentralized activity.
D) centralized-decentralized activity.
E) command-and-control activity.
The following excerpt from a mission statement illustrates which of the nine essential
components of a mission statement?
“We believe our first responsibility is to the doctors, nurses, patients, mothers, and all
others who use our products and services.”
A) Markets
B) Customers
C) Concern for Employees
D) Concern for Public Image
E) Technology
The first step in the controlling function of management is to
A) take corrective actions.
B) restrict the number of breaks employees take.
C) evaluate expense reports.
D) establish performance standards.
E) measure individual and organizational performance.
Approximately how many people in the United States are now part of two-career
families?
A) 2 million
B) 8 million
C) 21 million
D) 60 million
E) 85 million
Which company estimates wellness programs have cumulatively saved the company
$250 million on health care costs in the past decade?
A) Ford Motor Company
B) Johnson & Johnson
C) Coca-Cola
D) TJX
E) Boeing
Four basic approaches exist to determine R&D budget allocations. What are these
approaches? Which one would you recommend for a pharmaceutical company? Why?
Discuss ISO 14000 and ISO 14001.
Give five coordinates of a SPACE Matrix directional vector that would suggest
conservative strategies to be most appropriate.
Discuss some of the reasons why strategy evaluation is becoming increasingly difficult
with the passage of time.
Explain the process of developing a mission statement.