BUSN412 Week 5 Quiz Devry PLEASE DOWNLOAD HEREDevry university BUSN412 Week 5 Quiz 100% Correct answers1. Question :In consideration that the "traditional" approach to strategic control issequential, the following is not one of the steps in the sequence.Strategies are formulated and top management sets goals.Action plans are submitted by lower level managers.Performance is measured against the predetermined goal.Strategies are implemented.2. Question :The primary drawback of "traditional" strategic control systems is:They are only appropriate when the environment is stable and simple.Goals and objectives cannot be measured with a high level of certainty.They lead to complacency.They lack the flexibility needed to adjust to changes in the environment.3. Question :The following is true for businesses facing complex and turbulent businessenvironments:Complacency about predetermined milestones can prevent adaptabilityDetailed plans are needed to maintain orderGoals and objectives that are uncertain prevent opportunismTraditional strategic controls are usually inappropriate4. Question :Contemporary approaches to strategic control rely primarily on:
Feedback controlsSingle-loop learningDouble-loop learningComparative learning5. Question :Our text states that informational control systems ask:Is the organization "doing the right things"?Is the organization "doing things right"?Are rules and regulations being followed as information is processed?Is the organizations environment a necessary and sufficient condition forsuccess?6. QuestionAll of the following are examples of strategic actions a firm might takeexcept:Acquiring competitors to reduce competitionExpanding into neglected marketsChanging product packagingTying-up raw material sources7. Question :The best example of a tactical action that a company might use in responseto a competitive attack is to:Acquire the competitorTarget the rivals marketsExpand into new geographical areasOffer price discounts and rebates8. Question :
The following is not a factor that affects how a competitor will respond to acompetitive attack:The degree of market power and reputation of the company that initiated theattackThe resources which are available for a firm to respondHow dependent the competitor is on that industry or particular market segmentThe stock market reaction to the initial competitive attack9. QuestionA situation where a company has a high concentration of its business in aparticular industrys market can be referred to as:Market dependenceResource similarityActors reputationCompetitors resources10. Question The following argument is an example of ________________: A firm isconsidering a large price cut on its leading product as a way to gain marketshare. One executive strongly disagrees with the price cut and states, "Weare in the same marketplace as our rivals, and we do not have anycompetitive advantages in our cost structure. If we cut prices, ourcompetitors will likely do the same. The end result is that we will all makeless money."a hardball strategy whereby competitive actions are not undertaken without aclear advantagea weakness strategy that leads a company into constant declinea strategy of forbearancea strategy of co-opetition11. Question :What is the role of opportunity recognition in the new venture developmentprocess?