This document appears to be a practice exam for a management course, containing multiple choice questions about strategic management concepts. Some of the key topics covered in the questions include the external environment, strategic management models and processes, generic strategies, organizational structure and culture, goals and objectives, stakeholders, and forecasting techniques. The document is 18 pages long and contains 43 multiple choice questions.
StuDocu is not sponsored or endorsed by any college or university. This document contains 49 multiple choice questions from an entrepreneurship course at Monroe Community College. The questions cover topics like the definition of an entrepreneur, factors involved in starting a business, and government resources available for entrepreneurs.
The document presents the rankings of the top 100 German brands from the DeBrand 2012 report by MPP Consulting. It discusses how brands have become an important intangible asset and valuable component of business success. The methodology used to evaluate brand value is described, taking into account various market factors that influence a brand's position and potential threats and opportunities. The brand value is calculated through a formula that incorporates financial, investment, geographical, technological, competitive, and unique identity indices. The top 50 and 51-100 ranked German brands are then listed.
Dell Inc. is a global computer hardware, software, and services company headquartered in the U.S. with over 115,000 employees worldwide and annual revenue of $56.94 billion in 2013. The document analyzes Dell using Porter's Five Forces model, noting that while suppliers have power due to Dell's brand, Dell maintains strong relationships with suppliers located near its manufacturing. New entrants pose a threat as Dell diversifies its product lines. Dell gains an advantage over customers through personalized websites and support. Rivalry in the computer industry is high and substitutes like Apple computers are a threat if Dell fails to innovate.
1) The term environment” includes all of the following exceptA) a.docxhirstcruz
1) The term “environment” includes all of the following except
A) air
B) natural resources
C) water
D) firms
E) fauna
2) During what stage of strategic management are a firm’s specific internal strengths and weak-
nesses determined?
A) Evaluation
B) Feedback
C) Implementation
D) Goal-setting
E) Formulation
3) What percent of total sales are estimated to be completed online by 2016?
A) 60 percent
B) 85 percent
C) 15 percent
D) 7 percent
E) 20 percent
4) The one factor that has most significantly impacted the nature and core of buying and selling
in nearly all industries has been
A) customer and employee focus.
B) political borders.
C) the government.
D) the Internet.
E) corporate greed.
5) The first step in strategic planning is generally
A) developing a mission statement.
B) determining opportunities and threats.
C) making a profit.
D) establishing goals and objectives.
E) developing a vision statement
6) Usually, external opportunities and threats are
A) key functions in strategy implementation.
B) controlled by governments.
C) not as important as internal strengths and weaknesses.
D) uncontrollable by a single organization.
E) key functions in strategy exploitation.
7) Internal ________ are activities in an organization that are performed especially well.
A) management
B) factors
C) competencies
D) strengths
E) opportunities
8) ________ can best be described as short-term in nature.
A) Mission statements
B) Tenure
C) Strategies
D) Management
E) Annual objectives
9) Which of the following is not included in the strategic management model?
A) Establish long-term objectives.
B) Measure and evaluate performance.
C) Perform internal research to identify customers.
D) Implement strategies.
E) Develop mission and vision statements.
10) The act of strengthening employees’ sense of effectiveness by encouraging and rewarding them
to participate in decision-making and exercise initiative and imagination is referred to as
A) authoritarianism.
B) transformation.
C) empowerment.
D) delegation.
E) proaction.
11) The changes that occurred when Robert Iger took over the reigns at Disney, demonstrate which
current trend in organizations?
A) Increased structuring of strategic management
B) Increased decentralizing of strategic management
C) Increased emphasis on strategic planning
D) Increased central planning of the strategic management process
E) Increased formalization of the strategic management process
12) All of these are pitfalls an organization should avoid in strategic planning except
A) failing to involve key employees in all phases of planning.
B) being so formal in planning that flexibility and creativity are stifled.
C) too hastily moving from mission development to strategy formulation.
D) using strategic planning to gain control over decisions and resources.
E) using plans as a standard for measuring performance.
13)What is not a pitfall an organization should avoid in strategic planning?
A) Failing to communicate the plan to employees
B) T.
MGT 330 Final Exam Version 2 2015 versionsolliehoppin
MGT 330 Final Exam Version 2 Answers
1) The four traditional functions of management include planning, organizing,
leading, and service.
A. False
B. True
2) _______________ involves analyzing a situation, determining goals to be pursued, and
deciding upon the actions that will be taken to achieve these goals.
A. Planning
B. Organizing
C. Leading
D. Staffing
3) Planning involves all of the following EXCEPT:
A. Deciding actions to be taken
B. Determining rewards for goals achievement
C. Determining objectives
D. Analyzing current situations
4) The macroenvironment includes all of the following EXCEPT:
A. New entrants
B. International developments
C. Government policies
D. Technology
5) The competitive environment includes all of the following EXCEPT:
A. Financial status
B. Customers
C. Competitors
D. Suppliers
6) Robert was recently hired as the workplace safety compliance officer at ABC
Power Company. Robert will have the responsibi
This document provides a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning, governance, and outsourcing. It includes multiple choice, true/false, short answer, and essay questions. Key topics assessed include aligning IT with business strategy, critical success factors, governance roles and responsibilities, and reasons for outsourcing various business functions.
This document is a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning. It contains 40 multiple choice questions about IT investments, alignment of IT with business strategy, outsourcing, cloud computing, critical success factors, and lessons learned from IT implementation case studies.
StuDocu is not sponsored or endorsed by any college or university. This document contains 49 multiple choice questions from an entrepreneurship course at Monroe Community College. The questions cover topics like the definition of an entrepreneur, factors involved in starting a business, and government resources available for entrepreneurs.
The document presents the rankings of the top 100 German brands from the DeBrand 2012 report by MPP Consulting. It discusses how brands have become an important intangible asset and valuable component of business success. The methodology used to evaluate brand value is described, taking into account various market factors that influence a brand's position and potential threats and opportunities. The brand value is calculated through a formula that incorporates financial, investment, geographical, technological, competitive, and unique identity indices. The top 50 and 51-100 ranked German brands are then listed.
Dell Inc. is a global computer hardware, software, and services company headquartered in the U.S. with over 115,000 employees worldwide and annual revenue of $56.94 billion in 2013. The document analyzes Dell using Porter's Five Forces model, noting that while suppliers have power due to Dell's brand, Dell maintains strong relationships with suppliers located near its manufacturing. New entrants pose a threat as Dell diversifies its product lines. Dell gains an advantage over customers through personalized websites and support. Rivalry in the computer industry is high and substitutes like Apple computers are a threat if Dell fails to innovate.
1) The term environment” includes all of the following exceptA) a.docxhirstcruz
1) The term “environment” includes all of the following except
A) air
B) natural resources
C) water
D) firms
E) fauna
2) During what stage of strategic management are a firm’s specific internal strengths and weak-
nesses determined?
A) Evaluation
B) Feedback
C) Implementation
D) Goal-setting
E) Formulation
3) What percent of total sales are estimated to be completed online by 2016?
A) 60 percent
B) 85 percent
C) 15 percent
D) 7 percent
E) 20 percent
4) The one factor that has most significantly impacted the nature and core of buying and selling
in nearly all industries has been
A) customer and employee focus.
B) political borders.
C) the government.
D) the Internet.
E) corporate greed.
5) The first step in strategic planning is generally
A) developing a mission statement.
B) determining opportunities and threats.
C) making a profit.
D) establishing goals and objectives.
E) developing a vision statement
6) Usually, external opportunities and threats are
A) key functions in strategy implementation.
B) controlled by governments.
C) not as important as internal strengths and weaknesses.
D) uncontrollable by a single organization.
E) key functions in strategy exploitation.
7) Internal ________ are activities in an organization that are performed especially well.
A) management
B) factors
C) competencies
D) strengths
E) opportunities
8) ________ can best be described as short-term in nature.
A) Mission statements
B) Tenure
C) Strategies
D) Management
E) Annual objectives
9) Which of the following is not included in the strategic management model?
A) Establish long-term objectives.
B) Measure and evaluate performance.
C) Perform internal research to identify customers.
D) Implement strategies.
E) Develop mission and vision statements.
10) The act of strengthening employees’ sense of effectiveness by encouraging and rewarding them
to participate in decision-making and exercise initiative and imagination is referred to as
A) authoritarianism.
B) transformation.
C) empowerment.
D) delegation.
E) proaction.
11) The changes that occurred when Robert Iger took over the reigns at Disney, demonstrate which
current trend in organizations?
A) Increased structuring of strategic management
B) Increased decentralizing of strategic management
C) Increased emphasis on strategic planning
D) Increased central planning of the strategic management process
E) Increased formalization of the strategic management process
12) All of these are pitfalls an organization should avoid in strategic planning except
A) failing to involve key employees in all phases of planning.
B) being so formal in planning that flexibility and creativity are stifled.
C) too hastily moving from mission development to strategy formulation.
D) using strategic planning to gain control over decisions and resources.
E) using plans as a standard for measuring performance.
13)What is not a pitfall an organization should avoid in strategic planning?
A) Failing to communicate the plan to employees
B) T.
MGT 330 Final Exam Version 2 2015 versionsolliehoppin
MGT 330 Final Exam Version 2 Answers
1) The four traditional functions of management include planning, organizing,
leading, and service.
A. False
B. True
2) _______________ involves analyzing a situation, determining goals to be pursued, and
deciding upon the actions that will be taken to achieve these goals.
A. Planning
B. Organizing
C. Leading
D. Staffing
3) Planning involves all of the following EXCEPT:
A. Deciding actions to be taken
B. Determining rewards for goals achievement
C. Determining objectives
D. Analyzing current situations
4) The macroenvironment includes all of the following EXCEPT:
A. New entrants
B. International developments
C. Government policies
D. Technology
5) The competitive environment includes all of the following EXCEPT:
A. Financial status
B. Customers
C. Competitors
D. Suppliers
6) Robert was recently hired as the workplace safety compliance officer at ABC
Power Company. Robert will have the responsibi
This document provides a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning, governance, and outsourcing. It includes multiple choice, true/false, short answer, and essay questions. Key topics assessed include aligning IT with business strategy, critical success factors, governance roles and responsibilities, and reasons for outsourcing various business functions.
This document is a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning. It contains 40 multiple choice questions about IT investments, alignment of IT with business strategy, outsourcing, cloud computing, critical success factors, and lessons learned from IT implementation case studies.
This document is a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning. It contains 40 multiple choice questions about IT investments, alignment of IT with business strategy, outsourcing, cloud computing, critical success factors, and lessons learned from IT implementation case studies.
This document contains a sample question paper for a Business Studies exam. It has 3 sections with multiple choice questions. Section A has 24 questions and students must attempt 20. Section B also has 24 questions and students must attempt 20. Section C has 12 questions and students must attempt 10. All questions carry equal marks and there is no negative marking. The document provides questions on various topics related to business studies including management principles, marketing concepts, business environment, and economic objectives.
This document contains a practice exam for an MGT 350 management course. It includes 42 multiple choice questions covering key topics in management functions, the external environment, planning, organizing, leading, and controlling. The questions assess understanding of concepts like the four main management functions, macroenvironmental factors, types of plans, organizational structure, leadership styles, and performance management controls.
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
This document provides the questions and answers to the MGT 498 Final Exam. It includes 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, environmental scanning, industry analysis, competitive advantage, strategic planning tools, levels of strategy, operations improvement, international strategy, functional strategy, strategy implementation, performance evaluation, and measures of corporate performance.
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
This document provides the questions and answers to the MGT 498 Final Exam. It contains 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, environmental scanning, industry analysis, competitive advantage, strategic planning tools, levels of strategy, operations improvement, international strategy, functional strategy, strategy implementation, performance evaluation, and measures of corporate performance.
The document provides a sample multiple choice exam for an MGT 521 management course. It contains 30 multiple choice questions testing concepts related to communication, leadership, ethics, entrepreneurship, economics, human resources, strategic planning, and tactics. The questions cover topics such as logical fallacies, stakeholder analysis, SWOT analysis, job specialization, and differences between strategic and tactical planning.
Mgt 498 mgt/498 final exam 100% correct answersGliven
This document provides the questions and answers to the MGT 498 Final Exam. It includes 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, external environmental scanning, competitive strategy, international strategy, functional strategy, strategy implementation, and evaluation and control of performance.
Mgt 521 mgt/521 final exam 100% correct answersGliven
This document provides answers to 30 multiple choice questions about business concepts and topics. The questions cover areas such as communication, leadership, entrepreneurship, accounting, economics, human resources, and strategic planning. Sample questions include types of source credibility issues, examples of logical fallacies in persuasion, stakeholders of a business, and the difference between tactical and strategic planning.
This document provides answers to 30 multiple choice questions about business concepts and topics. The questions cover areas such as communication, leadership, entrepreneurship, accounting, economics, human resources, and strategic planning. Sample questions include types of source credibility issues, examples of logical fallacies in persuasion, stakeholders of a business, and the difference between tactical and strategic planning.
This document provides answers to 30 multiple choice questions about business concepts and strategies. The questions cover topics such as communication, leadership, entrepreneurship, accounting, economics, human resources, and strategic planning. The answers are intended to help students prepare for a final exam on management topics.
Str 581 final exam university of phoenix final exams study guide 1 consists o...Ninna Basley
This document appears to be a study guide or practice exam for a marketing course, as it contains multiple choice questions about marketing concepts and terms. Some of the questions covered include defining a marketing intelligence system, examples of companies that use stage-gate systems for innovation, factors that influence customer satisfaction, types of target markets, elements of a marketing communications mix, and definitions of promotional techniques like guerrilla marketing. The document provides over 60 multiple choice questions to test knowledge of key topics in marketing, market research, and customer relationship management.
Mkt 571 final exam which of the following is most closely associated with a p...Ninna Basley
This document contains 30 multiple choice questions from an MKT 571 Final Exam. It provides the questions and answers choices, but no answers. The questions cover topics like marketing orientation, branding strategies, product extensions, pricing objectives, integrated marketing communications, and advertising types. It also includes advertisements for purchasing a complete exam guide from a website.
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This document is a quiz for BUS 365 Week 10 that covers topics related to IT strategic planning. It contains 40 multiple choice questions about IT investments, alignment of IT with business strategy, outsourcing, cloud computing, critical success factors, and lessons learned from IT implementation case studies.
This document contains a sample question paper for a Business Studies exam. It has 3 sections with multiple choice questions. Section A has 24 questions and students must attempt 20. Section B also has 24 questions and students must attempt 20. Section C has 12 questions and students must attempt 10. All questions carry equal marks and there is no negative marking. The document provides questions on various topics related to business studies including management principles, marketing concepts, business environment, and economic objectives.
This document contains a practice exam for an MGT 350 management course. It includes 42 multiple choice questions covering key topics in management functions, the external environment, planning, organizing, leading, and controlling. The questions assess understanding of concepts like the four main management functions, macroenvironmental factors, types of plans, organizational structure, leadership styles, and performance management controls.
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
This document provides the questions and answers to the MGT 498 Final Exam. It includes 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, environmental scanning, industry analysis, competitive advantage, strategic planning tools, levels of strategy, operations improvement, international strategy, functional strategy, strategy implementation, performance evaluation, and measures of corporate performance.
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
MGT 498 Final Exam answers
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
A. Clearer sense of vision for the firm
B. Higher levels of employee motivation
C. Higher levels of job satisfaction
D. Improved productivity
E. Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
A. externally-oriented planning
B. basic financial planning
C. internally-oriented planning
D. forecast-based planning
E. strategic management
3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A. Strategy formulation
B. Strategy implementation
C. Statistical process control
D. Evaluation and control
E. Environmental scanning
4) The relationship among the bo
This document provides the questions and answers to the MGT 498 Final Exam. It contains 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, environmental scanning, industry analysis, competitive advantage, strategic planning tools, levels of strategy, operations improvement, international strategy, functional strategy, strategy implementation, performance evaluation, and measures of corporate performance.
The document provides a sample multiple choice exam for an MGT 521 management course. It contains 30 multiple choice questions testing concepts related to communication, leadership, ethics, entrepreneurship, economics, human resources, strategic planning, and tactics. The questions cover topics such as logical fallacies, stakeholder analysis, SWOT analysis, job specialization, and differences between strategic and tactical planning.
Mgt 498 mgt/498 final exam 100% correct answersGliven
This document provides the questions and answers to the MGT 498 Final Exam. It includes 30 multiple choice questions covering topics like the benefits of strategic management, the phases of strategic management evolution, elements of the strategic management process, corporate governance, social responsibility, external environmental scanning, competitive strategy, international strategy, functional strategy, strategy implementation, and evaluation and control of performance.
Mgt 521 mgt/521 final exam 100% correct answersGliven
This document provides answers to 30 multiple choice questions about business concepts and topics. The questions cover areas such as communication, leadership, entrepreneurship, accounting, economics, human resources, and strategic planning. Sample questions include types of source credibility issues, examples of logical fallacies in persuasion, stakeholders of a business, and the difference between tactical and strategic planning.
This document provides answers to 30 multiple choice questions about business concepts and topics. The questions cover areas such as communication, leadership, entrepreneurship, accounting, economics, human resources, and strategic planning. Sample questions include types of source credibility issues, examples of logical fallacies in persuasion, stakeholders of a business, and the difference between tactical and strategic planning.
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Mgt 498 final exam university of phoenix final exams study guide which of the following is not a part of a firm's external environment
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Page 1 of 18
MGT 498 Final Exam
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1. Which of the following is not a part of a firm's external environment?
A) intellectual property
B) competitors
C) suppliers
D) government agencies
2. To a large extent, attitudes at the corporate level reflect the concerns of
A) stockholders and society at large
B) top managers
C) the CEO
D) the federal government
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3. The ideal strategic management team includes decision makers from
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A) all three company levels (corporate, business, and functional)
B) just the corporate level
C) just the corporate and business levels
D) just the top management
4. Which of the following is a major function of the strategic management model?
A) it helps make profits for the firm.
B) it helps in identifying key issues faced by the firm.
C) it helps in deciding which products to sell.
D) it depicts the sequence and relationships of the major components of the strategic management process.
5. Which of the following is a generic strategy option?
A) narrow margins
B) diversification
C) differentiation
D) retrenchment
6. Horizontal integration is an example of a
A) generic strategy
B) grand strategy
C) functional level strategy
D) SBU strategy
7. Strategic decisions ostensibly commit the firm for
A) 1-2 years
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B) the short term
C) 3-4 years
D) a long period of time, typically five years
8. Three organizational elements providing fundamental, long-term means for institutionalizing a firm's strategy are:
A) leadership, power, culture
B) culture, structure, leadership
C) objectivity, power, culture
D) power, effectiveness, structure
E) none of the above
9. Forces and conditions that originate beyond and usually irrespective of any single firm's immediate operating environm
A) remote environment
B) task environment
C) operating environment
D) internal environment
E) socio-cultural environment
10. The results which an organization seeks over a multi-year period are its:
A) grand strategies
B) long-term objectives
C) long-term strategies
D) short-term goals
E) tactics
11. The general plan of major actions through which a firm intends to achieve its long-term objectives is called its:
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A) corporate plan
B) long-term goal
C) grand strategy
D) mission
12. Functional managers are typically responsible for which of the following?
A) achieving annual objectives
B) selecting grand strategies
C) formulating the strategic plan
D) the mission statement
E) corporate goals
13. The doubling of EPS (earnings per share) within five years with increases in each intervening year is called a(n):
A) long-term goal
B) long-term objective
C) short-term goal
D) short-term objective
E) operating goal
14. Which of the following is not an economic goal that guides the strategic direction of almost every business organizat
A) survival
B) growth
C) profitability
D) market share
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15. Which of the following is not a principal reason why managers should be concerned about the socially responsible be
A) a company's right to exist depends on its responsiveness to the external environment.
B) Federal, state, and local governments threaten increased regulation if business does not evolve to meet changing so
C) a responsive corporate social policy may enhance a firm's long-term viability.
D) Federal laws demand that firms behave in a socially responsible way.
16. Which of the following is a broad trend driving businesses to adopt CSR frameworks?
A) the resurgence of environmentalism.
B) stockholders demand CSR.
C) Federal laws demand companies to adopt CSR.
D) increasing supplier power.
17. One factor of continued success is the extent to which a firm can relate functionally to the external environment. To
A) infinite sources of capital for expansion
B) a realistic self-concept
C) specific objectives and job descriptions
D) community involvement
E) legislative lobby groups
18. The mission attempts to
A) ensure unanimity of purpose
B) sets policy
C) creates a board of directors
D) identify stakeholders
E) none of the above
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19. The mission reflects the:
A) values of decision makers
B) goals of decision makers
C) experiences of decision makers
D) policies of the firm
E) none of the above
20. Which of the following is indispensable to the mission?
A) primary goal
B) primary market
C) primary area
D) specify basic price
21. 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
22. The external environment can be divided into various subcategories:
A) remote, political, social
B) remote social, operating
C) remote, industry, operating
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D) technological and social
E) open and closed
23. Three factors are mentioned which affect a firm's access to needed personnel. One of these factors is:
A) geographic location
B) employee benefits
C) national employment rates
D) availability of skills
E) employee demographics
24. A valuable result of task environment analysis with respect to geographic, demographic, psychographic and buyer-be
A) market share analysis
B) customer profile
C) competitive edge
D) consumer surveys
E) marketing consultation
25. Business is now being held responsible for:
A) using only underground dumping sites
B) cleaning up its previous environmental damage
C) municipal sewer systems
D) ensuring that a "thermal blanket" is created
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E) continuing the "greenhouse effect"
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26. When we consider the level of disposable income, we are normally considering:
A) technological factors
B) economic factors
C) political factors
D) social factors
E) modernity factors
27. According to XXXXX XXXXX's Model, the level of competition within an industry depends on how many basic forces?
A) 3
B) 2
C) 5
D) 8
E) 10
28. Economies of scale in an industry refers to:
A) savings that companies within the industry achieve due to increased volume
B) declining average short-run costs per unit
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C) improved contractual agreements with suppliers in the near term
D) decreased barriers to entry to new firms attempting to enter the industry
E) as production increases so do costs per unit
29. Perceived differentiation results from:
A) the way firms position their products in the market
B) persuading customers that the company's products are slightly different from the competition
C) production and financial strategies
D) a lessening of competition
E) a competitive advantage new firms have as they attempt to enter the market
30. An expiration of a major industry patent would:
A) increase barriers to entry
B) decrease barriers to entry
C) leave barriers to entry unaffected
D) increase supplier power
E) decrease supplier power
31. A company can improve its strategic posture by:
A) finding suppliers who possess high power
B) finding buyers who possess high power
C) finding buyers who possess low power
D) ignoring substitute products
E) reserving capital
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32. A buyer group is powerful if:
A) sellers are few in numbers
B) the products it purchases from the industry are unique
C) it earns low profits
D) the product is cheap
E) buyers can not integrate backwards
33. Which of the following is a causal model of forecasting?
A) sales force estimates
B) juries of executive opinion
C) scenario development
D) multiple regression
34. Which forecasting method helps prepare strategic managers for alternative possibilities?
A) econometric models
B) quantitative models
C) scenario development
D) Delphi method
35. Linear, exponential, and S-curve type projections are derived from:
A) time series models
B) the Delphi technique
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C) scenario development
D) regression analysis
E) permutation
36. The model most applicable when historical data are not available or when they are hard to use is:
A) the time series model
B) the judgmental model
C) the customer survey
D) the econometric model
E) focus group synthesis
37. The major function of the strategic manager is dealing with:
A) systematic risk
B) business risk
C) uncertainty
D) certainty
E) predictable variations
38. Delphi is a(n):
A) quantitative method
B) economic method
C) judgment method
D) social method
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E) none of the above
39. Which of the following is a causal forecasting approach?
A) econometric model
B) scenario development
C) brainstorming
D) the Delphi technique
E) focus groups
40. The model which assumes that the future will be a continuation of the past following some long-range trend is:
A) time series analysis
B) regression analysis
C) survey
D) the Delphi technique
E) lag modeling
41. Internal analysis of the firm is characterized by:
A) identification of the major internal capabilities of the firm
B) identification of all the internal capabilities of the firm
C) evaluation of the internal capabilities of the firm
D) A and C
E) none of the above
42. The identification and evaluation of strategic internal factors are:
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A) two distinct steps pursued by strategic managers
B) interdependent and not always distinctly separate steps
C) two critical components for effective environmental analysis
D) B and C
E) none of the above
43. In the evaluation of strategic internal factors, strategists should use:
A) historical experience
B) industry/competitor comparison
C) normative judgment
D) all of the above
E) none of the above
44. To develop or revise a strategy, managers seek to identify the key factors on which success will most likely depend. T
A) industry
B) product life cycle
C) the firm's current position
D) all of the above
E) none of the above
45. Brand name is XXXXX XXXXX of:
A) a tangible asset
B) an organizational capability
C) a value chain of activity
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D) an intangible asset
E) none of the above
46. Which of the following is not a "support" activity associated with the value chain approach?
A) inbound logistics
B) procurement
C) firm infrastructure
D) technology development
47. Which of the following are intended to provide benchmarks for the evaluation of the company's progress in achievin
A) mission
B) long-term objectives
C) grand strategies
D) business policies
E) functional strategies
48. Which of the following does not describe a good objective?
A) flexible
B) acceptable
C) marketable
D) achievable
E) understandable
49. A differentiation strategy is characterized by:
A) sustained capital investment
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B) strong basic R&D and a reputation for quality
C) excellent process engineering, intense supervision of labor
D) low cost distribution
E) none of the above
50. Under changing conditions, concentrated growth is characterized as:
A) higher risk
B) lower risk
C) decreasing resource needs
D) decreasing revenues
E) none of the above
51. If a shirt manufacturer acquires a textile manufacturer, this strategy is called:
A) backward vertical integration
B) diversification
C) horizontal integration
D) integration (pure)
E) joint venture
52. __________________are partnerships that exist for a defined period during which partners contribute their skills an
A) licensing agreements
B) franchising agreements
C) export agreements
D) strategic alliances
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E) none of the above
53. Which of the following qualities of an objective improves its chances of being attained?
A) timeliness
B) flexibility
C) cost-efficient
D) groundbreaking
E) none of the above
54. When a firm attempts to persuade its creditors to temporarily freeze their claims while it undertakes to reorganize a
A) reorganizational bankruptcy
B) liquidation bankruptcy
C) partial bankruptcy
D) organizational bankruptcy
E) none of the above
55. Occasionally two or more capable companies lack a necessary component for success in a particular competitive env
A) concentric integration
B) diversification
C) concentration
D) joint venture
E) conglomerate diversification
56. When diversification involves additions of a business to the firm in terms of technology, markets, or products, it invo
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A) concentrated growth
B) horizontal integration
C) concentric diversification
D) vertical diversification
E) joint venture
57. Specific options under the concentration grand strategy include which of the following?
A) opening additional geographic markets
B) increasing present customers' rate of usage
C) developing new products
D) selling to a differentiated customer
E) none of the above
58. Specific approaches to the grand strategy of market development include which of the following?
A) entering additional channels of distribution
B) attracting competitors' customers
C) reducing prices
D) attracting non-users
E) none of the above
59. Creating a new product life cycle is the underlying philosophy of a grand strategy of:
A) product development
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B) innovation
C) market development
D) vertical integration
E) horizontal integration
60. According to researchers, the grand strategies of retrenchment/turnaround are most often accomplished in extreme
A) cost reductions
B) asset reductions
C) changes in top management
D) diversification
E) joint ventures
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