Culture includes the set of shared values, beliefs, attitudes, customs, norms,
personalities, heroes, and heroines that describe a firm.
A primary reason why most domestic firms are engaging in global operations is that
growth in demand for goods and services outside the USA is considerably higher than
inside.
Good ethics is not a prerequisite for good strategic management.
Some of the largest payouts for class-action legal fraud suits ever were against Enron
($7.16 billion) and WorldCom ($6.16 billion).
Though China has more than 1.3 billion residents, the middle class segment that is able
to buy goods and services is rapidly shrinking.
When completing the matching stage of the strategy-formulation framework, the
SWOT Matrix needs to be completed before the SPACE Matrix.
An objective, logical, systematic approach for making major decisions in an
organization is a way to describe the strategic-management process.
It is unusual for the claims and concerns of a company’s stakeholders to vary or
conflict.
An increase in interest rates is directly related to an increase in discretionary income
and an increase in the demand for discretionary goods.
Deutsche Bank’s entrance into the casino business in Las Vegas is an example of related
diversification.
There are four basic types of diversification: concentric, conglomerate, forward, and
backward.
Sustainability reports reveal how a firm’s operations impact the natural environment.
Long-term objectives represent the results expected from pursuing certain strategies.
Who are the world’s longest-living people?
A) Americans
B) Mexicans
C) Indians
D) Filipinos
E) Japanese
Social policy can best be defined as
A) the responsibilities a firm has to employees, consumers, environmentalists,
minorities, communities, shareholders, and other groups.
B) a document providing behavioral guidelines that cover daily activities and decisions
within a firm.
C) an SEC mandate to report any unethical behavior.
D) the legal requirement to reveal how a firm’s operations impact the natural
environment.
E) mandatory technical standards that result in an environmental management system.
If a firm incurs a loss during a particular year, or if the firm had positive net income but
paid out dividends more than the net income, what happens to the RE amount?
A) It increases.
B) It is unchanged.
C) It decreases.
D) It doubles.
E) It cannot be determined from the information given.
Which approach for managing and resolving conflict involves ignoring the problem in
hopes that the conflict will resolve itself?
A) Avoidance
B) Resistance
C) Compliance
D) Defusion
E) Confrontation
Any object, act, event, quality, or relation used to convey meaning is known as a
A) myth.
B) rite.
C) value.
D) symbol.
E) metaphor.
Which of these is NOT a SPACE Matrix quadrant?
A) Aggressive
B) Defensive
C) Competitive
D) Offensive
E) Conservative
What is the most complex form of organizational structure?
A) Divisional
B) SBU
C) Matrix
D) Functional
E) Geographic
The Internet has transferred power from ________ to ________.
A) businesses, individuals
B) governments, businesses
C) individuals, businesses
D) businesses, governments
E) individuals, governments
The strategy-evaluation process should
A) dominate decisions.
B) be complex.
C) be cumbersome.
D) foster mutual understanding and trust.
E) be restrictive.
According to the Grand Strategy Matrix, organizations in which quadrant have a strong
competitive position but are in a slow-growth industry?
A) I
B) II
C) III
D) IV
E) V
Who should perform an internal audit?
A) A private auditing firm
B) The organization’s accounting department
C) Representative managers and employees from throughout the firm
D) A small team of top-level managers
E) The chief executive officer
Which of the following statements about contingency plans is NOT true?
A) Contingency plans should be as simple as possible.
B) Only high-priority areas require the insurance of contingency plans.
C) Contingency plans should be developed for favorable and unfavorable events.
D) Strategists should plan for all possible contingencies.
E) Contingency plans minimize the impact of potential threats.
What are enduring declarations of purpose that distinguish one business from other
similar firms?
A) Policies
B) Mission statements
C) Objectives
D) Rules
E) Employee conduct guidelines
When a domestic company first begins to export to India, it is an example of
A) horizontal integration.
B) backward integration.
C) forward integration.
D) concentric diversification.
E) market development.
Describe the steps involved in effective contingency planning.
There are seven basic functions of marketing. List and define these functions.
List some of the diverse and unique risks that face multinational corporations (MNCs).
Compare and contrast business culture in the USA with Mexico.
Within an organization, who is responsible for providing ethics leadership?
Compare and contrast restructuring and reengineering.
Identify five key economic variables that could represent major opportunities or threats
to a bank in your town or city.