Which of these is NOT an example of a federal ecological legislation?
A. Air Quality Act
B. Refuse Act
C. Occupational Safety and Health Act
D. Resource Recovery Act
SWOT analysis’s value and continued use is found in its:
A. Complexity
B. Difficulty
C. Simplicity
D. Short-sighted nature
Influential individuals and groups that are vitally interested in the actions of the
business are called
A. Stockholders
B. Stakeholders
C. Strategists
D. Customers
A buyer group is powerful if:
A. The buyers pose a credible threat to make the industry’s product
B. The industry product saves the buyer money
C. It earns high profit
D. The industry has high exit barriers
Through _______, managers attempt to enhance the image of their companies, products
and services by supporting worthy causes.
A. Good citizenship
B. Public relations activities
C. Full corporate responsibilities
D. Social audits
The need to invest large financial resources in order to compete creates
A. Increased supplier power
B. Increased buyer power
C. Increased jockeying for position
D. A barrier to entry
Specific actions that need to be undertaken to achieve short-term objectives, usually by
functional areas, refers to
A. Policies
B. Formality
C. Functional tactics
D. Process
Which responsibilities reflect the company’s notion of right and proper business
behavior?
A. Ethical
B. Economic
C. Legal
D. Discretionary
In a _________, communication is highly informal.
A. Simple organizational structure
B. Strategic business unit
C. Holding company
D. Functional organizational structure
________ offers employees more certainty, even if there is less potential for a big win.
A. The use of stock options
B. A golden parachute
C. Stock grants
D. Restricted stock
If a donut corporation acquires a flour company, this strategy would be called:
A. Vertical acquisition B. Diversification
C. Conglomeration
D. Joint venture
_________ is the creation of new products or processes through the development of
new knowledge or from new combinations of existing knowledge.
A. Process development
B. Invention
C. Innovation
D. Improvement
________ is a continuous improvement approach many companies have adopted to spur
incremental innovation in their businesses. It is a very rigorous and analytical approach
in quality and continuous improvement.
A. CCC21
B. Balanced scorecard
C. Strategic matrix analysis
D. Six Sigma
Which key functional area and which strategy focus are critical at the maturity stage of
industry evolution?
A. Production; successor products
B. Engineering; market penetration
C. Sales; consumer loyalty and market share
D. Finance; maximum investment recovery
The _______ is of particular interest because it provides a basis for examining
suggested actions and for finalizing decisions on changes or adjustments in the firm’s
operations.
A. Progress to date
B. Simple ranking
C. Current deviation
D. Operational standard
_________ is money provided to the venture that must be repaid at some point in time.
A. Bond financing
B. Debt financing
C. Equity financing
D. Distributive financing
Methods to develop new product features include:
A. Inverse
B. Modify
C. Review
D. Retreat
The most involved strategy level in the evolution of a global corporation in
characterized by
A. Technology transfer
B. Export-import operations
C. Foreign licensing
D. A substantial increase in foreign investment
Which of these is NOT a step in incorporating the interests of stakeholders into its
mission statement?
A. Identification of stakeholders
B. Understanding the stakeholders’ specific claims vis-à-vis the firm
C. Incorporating all the claims of various stakeholders into the mission with equal
emphasis
D. Coordination of the claims with other elements of the company mission
A form of engagement in which companies provide on-going and sustained
commitments to a social project or issue refers to
A. CSI
B. CSR
C. Social audit
D. Economic responsibilities
The ________ is the projected rate of sales growth for the market being served by a
particular business.
A. Market share
B. Market projection
C. Market growth rate
D. Relative competitive position
The entrepreneur or team must possess the knowledge and skill necessary to create the
products or services the new venture will provide. This refers most directly to the
entrepreneur’s:
A. Social skills
B. Marketing competence
C. Technical competence
D. Vision and capacity to inspire
When executives manipulate personnel records to keep or acquire key company
personnel, this is an example of
A. Moral hazard problem
B. Adverse selection
C. Self-concept
D. Concern for quality
Policies are also sometimes called
A. standard operating procedures
B. action plans
C. functional tactics
D. business strategy objectives
________ is the act of allowing an individual or team the right and flexibility to make
decisions and initiate action.
A. Management
B. Micromanagement
C. Empowerment
D. Developing strategy
Policies may be ________ or _________.
A. Written and informal; unwritten and formal
B. Written and formal; unwritten and formal
C. Written and formal; unwritten and informal
D. Written and informal; unwritten and informal
Policies ensure ______ action.
A. slower
B. quicker
C. indirect
D. loose
Manufacturers often organize sales into divisions based on:
A. Differences in the product’s level of innovation
B. Differences in distribution channels
C. Differences in geographic appeal
D. Differences in financial needs
A firm will be incapable of satisfying its stakeholders’ claims, if it does NOT insure:
A. Growth
B. Survival
C. Profitability
D. Competitive dominance
The remote external environment includes:
A. Creditors
B. Industry factors
C. Employee
D. Ecological factors
As per the BCG matrix, which of these should be selectively divested?
A. Cash cows
B. Stars
C. Question marks
D. Dogs
___________ can be a very effective way for leaders to influence the behaviors of
others. This is used when leaders use the assignment of team members and the charge to
the team to influence the outcomes produced.
A. Punitive power
B. Peer influence
C. Information power
D. Referent influence