Q1) Any object, act, event, quality, or relation used to convey meaning is known as a:
myth
rite
value
symbol
metaphor
Q2) Metaphors are:
several rites connected together
shorthand of words used to capture a vision or to reinforce old or new values
narratives based on true events
fictional stories
any objects, acts, events, qualities, or relations used to convey meaning
Q3) What is the essential bridge between the present and the future that increases the likelihood of . achieving desired results?
motivating
planning
controlling
staffing
organizing
Q4) All of the following are basic duties of management EXCEPT:
staffing
planning
consolidating
organizing
motivating
Q5) Which of the following does the text call an up-front investment in success?
planning
organizing
motivating
staffing
controlling.
Q6) Which function of management includes areas such as job design, job specifications, job analysis, and unity of command?
planning
organizing
motivating
staffing
controlling
Q7) Who does a planning horizon of two to five years apply to?
top-level management
general management
middle-level management
lower-level management
aAll levels of management
Q8) Synergy:
is the 2 + 2 = 5 effect
can result in powerful competitive advantages
can be developed by an organization through planning
exists when everyone pulls together as a team that knows what it wants to achieve
all of the above
Q9) Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?
motivating
staffing
organizing
controlling
planning
Q10) Which function of management is concerned with span of control and chain of command?
planning
organizing
controlling
staffing
motivating
Q11) Which of the following is the process of influencing people to accomplish specific objectives?
staffing
motivating
planning
controlling
organizing
Q12) Integration strategies are sometimes collectively referred to as which of the following categories of strategies?
horizontal integration
diversification
vertical integration
stuck-in-the-middle
hierarchical integration
Q13) Websites that sell products directly to consumers are examples of which type of strategy?
backward integration
product development
forward integration
horizontal integration
conglomerate diversification
Q14) Today McDonald's owns about ________ percent of its restaurants.
9
20
50
67
89
Q15) Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?
conglomerate diversification
forward integration
concentric diversification
backward integration
horizontal diversification
Q16) Backward integration is effective in all of these cases EXCEPT:
when an organization competes in an industry that is growing rapidly
when an organization has both capital and human resources to manage the new business of supplying its own raw materials
when an organization needs to acquire a needed resource quickly
when the advantages of stable prices are not important
when present suppliers have high profit margins
Q17) What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?
forward integration
conglomerate diversification
backward integration
horizontal integration
concentric diversification
Q18) In which situation would horizontal integration be an especially effective strategy?
when an organization can gain monopolistic characteristics in a particular area or region without being challenged by the federal government for "tending substantially" to reduce competition
when an organization competes in a slowing industry
when decreased economies of scale provide major competitive advantages
when an organization has neither the capital nor human talent needed to successfully manage an expanded organization
when competitors are succeeding due to managerial expertise or having particular resources an organization possesses
Q19) The two internal dimensions represented on the axes of the SPACE Matrix are:
competitive position and financial position.
financial position and stability position.
stability position and industry position.
industry position and internationalization.
internationalization and competitive position
Q20) In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?
second quadrant
third quadrant
x-axis
first quadrant
y-axis
Q21) Forward integration would be an appropriate strategy for which of the following types of divisions in the BCG Matrix?
Cat
Dogs
Failures
Star
Question Marks
Q22) Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?
I
II
III
IV
V
Q23) According to the Grand Strategy Matrix, which strategy is recommended for a firm with rapid market growth and a strong competitive position?
Joint venture
Market penetration
Unrelated diversification
Liquidation
Retrenchment
Q24) Which of these is a limitation of QSPM?
It makes it more likely that key factors will be overlooked or weighted inappropriately.
It requires intuitive judgments and educated assumptions.
It is prohibitively expensive.
Strategies cannot be examined sequentially.
Only a few strategies can be evaluated at once
Q25) How many cells are in a SWOT matrix?
two
four
six
eight
nine
