A chief executive officer is located in the divisional level of a large firm.
The United States leads the world in promoting women and minorities into mid- and
top-level managerial positions in business.
In some foreign countries, paying bribes and kickbacks is acceptable.
In most cases, at least 500 words are required to effectively state a mission statement.
There are now more American households consisting of married couples with children
than of people living alone or with unrelated people.
A current trend in R&D management involves the lifting of the veil of secrecy whereby
firms, even major competitors, are joining forces to develop new products.
The strategic-management process is conceptually different for multinational firms than
for purely domestic firms.
When developing an organizational chart, it is not wise to recommend a dual title for
just one executive.
Although a firm’s power and prestige in domestic markets may be significantly
enhanced when the firm competes globally, this rarely translates into improved
negotiating power among creditors, suppliers, or distributors.
The ________ is a network of the national standards institutes of 147 countries, one
member per country.
A) ISO
B) EMS
C) UN
D) EPA
E) IMF
A good mission statement has
A) an employee orientation.
B) a customer orientation.
C) a shareholder orientation.
D) an environmental orientation.
E) a profit orientation.
Resistance to change can manifest itself through
A) absenteeism.
B) sabotaging production machines.
C) filing unfounded grievances.
D) unwillingness to cooperate.
E) all of the above
Which of the following is NOT a reason joint ventures fail?
A) Managers who must collaborate daily in operating the venture are not involved in
forming or shaping the venture.
B) The venture may not be supported equally by both partners.
C) The venture may benefit the partnering companies but may not benefit the customers
who then complain about poorer service or criticize the companies in other ways.
D) Stakeholders from both partners are equally satisfied.
E) The venture may begin to compete more with one of the partners than the other.
All of the following are reasons that workplace romance can be detrimental to
workplace morale and productivity EXCEPT
A) favoritism complaints can arise.
B) personal arguments can lead to work arguments.
C) whispering secrets can lead to tensions and hostilities among coworkers.
D) increased quality and quantity of work can occur.
E) sexual harassment charges may ensue, either by the involved female or a third party.
Changing a strategy to fit an existing culture
A) is usually less effective than changing a firm’s culture to fit a new strategy.
B) is usually more effective than changing a firm’s culture to fit a new strategy.
C) is just as effective as changing a firm’s culture to fit a new strategy.
D) is always the best option.
E) none of the above
In the BCG Matrix, which strategy would be most appropriate for a division classified
as a Dog?
A) Market penetration
B) Market development
C) Product development
D) Retrenchment
E) Forward integration
Sustainability refers to the extent that an organization’s operations and actions
________ the natural environment.
A) protect
B) mend
C) preserve
D) reflect good stewardship of
E) All of the above
In the BCG Matrix, how would a division with a low relative market share position in a
high growth industry be described?
A) Question Mark
B) Cash Cow
C) Star
D) Stuck-in-the-middle
E) Dog
Distribution includes
A) customer analysis.
B) pricing.
C) warehousing.
D) advertising.
E) test marketing.