Question 1

Donna is determined to spend a good amount of time on strategy formulation.How will she likely follow the process?

Accepted Answer

Donna will first focus on setting strate

Question 2

Suppose that one of Disney's business units is a chain of sound studios.The studios have low profit potential,and the chain commands a relatively small share of the market.On these grounds,Disney is considering whether to sell the chain.Which of the following,if true,would MOST strongly suggest that Disney should keep the chain instead?

Accepted Answer

A)  The chain has reduced its operating loss in each of the last three years. 
B)  The chain has penetrated the market in coastal areas but not inland areas. 
C)  Other Disney companies use the chain's studios for a wide variety of projects, resulting in significant cost savings for Disney. 
D)  The chain uses the most up-to-date technology in its sound studios. 
E)  The chain staffing levels are comparable to those of similar companies in the industry. 
A)  The chain has reduced its operating loss in each of the last three years. 
B)  The chain has penetrated the market in coastal areas but not inland areas. 
C)  Other Disney companies use the chain's studios for a wide variety of projects, resulting in significant cost savings for Disney. 
D)  The chain uses the most up-to-date technology in its sound studios. 
E)  The chain staffing levels are comparable to those of similar companies in the industry.

Question 3

Which of the following is the BEST example of unrelated diversification?

Accepted Answer

A)  Ford Motor Company merging with General Motors 
B)  Northwest Airlines merging with Procter & Gamble 
C)  McDonald's merging with Burger King 
D)  Tootsie Roll merging with Hershey 
E)  Bath and Body Works merging with The Body Store 
A)  Ford Motor Company merging with General Motors 
B)  Northwest Airlines merging with Procter & Gamble 
C)  McDonald's merging with Burger King 
D)  Tootsie Roll merging with Hershey 
E)  Bath and Body Works merging with The Body Store

Question 4

Which of the following is MOST strongly suggested by the statements above?

Accepted Answer

A)  Most of the conflicts between team members concerned questions of roles and determining who had the authority to make decisions. 
B)  There were no actions that the project leaders could have taken that would have solved the controlling problems of the Alpha Supplement project. 
C)  The insufficient time allocated for product development was the only failure related to planning. 
D)  If the project leaders had located alternate component providers, the Alpha Supplement project still would have failed. 
E)  The failure of the Alpha Supplement project will make it more difficult for other projects to be approved. 
A)  Most of the conflicts between team members concerned questions of roles and determining who had the authority to make decisions. 
B)  There were no actions that the project leaders could have taken that would have solved the controlling problems of the Alpha Supplement project. 
C)  The insufficient time allocated for product development was the only failure related to planning. 
D)  If the project leaders had located alternate component providers, the Alpha Supplement project still would have failed. 
E)  The failure of the Alpha Supplement project will make it more difficult for other projects to be approved.

Question 5

Which of the following would be classified as opportunities for an organization?

Accepted Answer

A)  government regulation of the organization's services 
B)  highly unionized workers in the organization's industry 
C)  new competitors 
D)  stronger demand for the organization's services 
E)  economy fluctuations 
A)  government regulation of the organization's services 
B)  highly unionized workers in the organization's industry 
C)  new competitors 
D)  stronger demand for the organization's services 
E)  economy fluctuations

Question 6

Which of the following is NOT considered an organizational strength?

Accepted Answer

A)  strong market position 
B)  dedicated work force 
C)  changing consumer tastes 
D)  technical expertise 
E)  recognized customer relation management 
A)  strong market position 
B)  dedicated work force 
C)  changing consumer tastes 
D)  technical expertise 
E)  recognized customer relation management

Question 7

Which level of management is responsible for the overall performance and effectiveness of the firm?

Accepted Answer

A)  top managers 
B)  first-line managers 
C)  middle managers 
D)  supervisory managers 
E)  human resource managers 
A)  top managers 
B)  first-line managers 
C)  middle managers 
D)  supervisory managers 
E)  human resource managers

Question 8

Why is it important for Donna to be setting goals?

Accepted Answer

Donna can expect a number of benefits fr

Question 9

Which of the following BEST explains why Cathi should be skeptical about the description of the corporate culture at Domino Grace?

Accepted Answer

A)  Human Resources representatives have no direct knowledge of corporate cultures. 
B)  Human Resources representatives have an incentive to describe the company in a positive light. 
C)  Human Resources representatives have a strong role in determining corporate culture. 
D)  The description of the corporate culture at Domino Grace is self-contradictory. 
E)  There are no other reliable sources of information about the corporate culture at Domino Grace. 
A)  Human Resources representatives have no direct knowledge of corporate cultures. 
B)  Human Resources representatives have an incentive to describe the company in a positive light. 
C)  Human Resources representatives have a strong role in determining corporate culture. 
D)  The description of the corporate culture at Domino Grace is self-contradictory. 
E)  There are no other reliable sources of information about the corporate culture at Domino Grace.

Question 10

Donna is especially concerned about what her competitors are doing.Why would an environmental analysis help her?

Accepted Answer

An environmental analysis,whic

Question 11

Changes in technology will result in a decrease in the amount of information that managers will use to make decisions.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following BEST describes business strategy?

Accepted Answer

A)  a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  a strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential 
A)  a strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  a strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  a strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  a strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  a strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

Question 13

Which type of business constituent has titles such as President and CEO?

Accepted Answer

A)  first-line managers 
B)  top managers 
C)  middle managers 
D)  power brokers 
E)  stockholders 
A)  first-line managers 
B)  top managers 
C)  middle managers 
D)  power brokers 
E)  stockholders

Question 14

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Accepted Answer

A)  long-term 
B)  intermediate 
C)  short-term 
D)  strategic 
E)  tactical 
A)  long-term 
B)  intermediate 
C)  short-term 
D)  strategic 
E)  tactical

Question 15

Which of the following,if true,would MOST strongly suggest that the problems attributed to controlling were actually caused by planning failures?

Accepted Answer

A)  The team assignments in the project plan placed two employees on the Quality Control team despite their long history of hostility toward each other. 
B)  The problems attributed to controlling were typical of the problems experienced by other project leaders in the industry. 
C)  The project plan called for all possible component providers to produce components at their maximum capacity. 
D)  The list of problems attributed to controlling also included the failure to adequately monitor production output. 
E)  Even the most effective planning would not have made the project a success given the failures attributed to controlling. 
A)  The team assignments in the project plan placed two employees on the Quality Control team despite their long history of hostility toward each other. 
B)  The problems attributed to controlling were typical of the problems experienced by other project leaders in the industry. 
C)  The project plan called for all possible component providers to produce components at their maximum capacity. 
D)  The list of problems attributed to controlling also included the failure to adequately monitor production output. 
E)  Even the most effective planning would not have made the project a success given the failures attributed to controlling.

Question 16

Corporate culture is largely a result of state and local laws and regulations.

Accepted Answer

A) True 
 B)False

Question 17

The first step in the planning process is determining goals.What is the next step?

Accepted Answer

A)  developing a strategic mission 
B)  developing a comprehensive strategy 
C)  developing an array of tactics 
D)  developing an operational plan 
E)  developing a functioning budget 
A)  developing a strategic mission 
B)  developing a comprehensive strategy 
C)  developing an array of tactics 
D)  developing an operational plan 
E)  developing a functioning budget

Question 18

Doubling the number of merchants participating in a sales program over the next 10 years is an example of a long-term goal.

Accepted Answer

A) True 
 B)False

Question 19

Which description identifies the controlling function of the management process?

Accepted Answer

A)  guiding and motivating employees to meet organizational objectives 
B)  determining how to arrange a firm's resources into a coherent structure 
C)  scanning the business environment for threats and opportunities 
D)  monitoring a firm's performance to ensure that it is meeting its goals 
E)  determining what an organization needs to do and how best to get it done 
A)  guiding and motivating employees to meet organizational objectives 
B)  determining how to arrange a firm's resources into a coherent structure 
C)  scanning the business environment for threats and opportunities 
D)  monitoring a firm's performance to ensure that it is meeting its goals 
E)  determining what an organization needs to do and how best to get it done

Question 20

Which type of manager spends most of their time working with and supervising the employees who report to them?

Accepted Answer

A)  first-line managers 
B)  information managers 
C)  top managers 
D)  chief executive officers 
E)  operations managers 
A)  first-line managers 
B)  information managers 
C)  top managers 
D)  chief executive officers 
E)  operations managers

Donna is determined to spend a good amount of time on strategy formulation.How will she likely follow the process?

Which of the following is the BEST example of unrelated diversification?

Which of the following is MOST strongly suggested by the statements above?

Which of the following would be classified as opportunities for an organization?

Which of the following is NOT considered an organizational strength?

Which level of management is responsible for the overall performance and effectiveness of the firm?

Why is it important for Donna to be setting goals?

Which of the following BEST explains why Cathi should be skeptical about the description of the corporate culture at Domino Grace?

Donna is especially concerned about what her competitors are doing.Why would an environmental analysis help her?

Changes in technology will result in a decrease in the amount of information that managers will use to make decisions.

Which of the following BEST describes business strategy?

Which type of business constituent has titles such as President and CEO?

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Which of the following,if true,would MOST strongly suggest that the problems attributed to controlling were actually caused by planning failures?

Corporate culture is largely a result of state and local laws and regulations.

The first step in the planning process is determining goals.What is the next step?

Doubling the number of merchants participating in a sales program over the next 10 years is an example of a long-term goal.

Which description identifies the controlling function of the management process?

Which type of manager spends most of their time working with and supervising the employees who report to them?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 5: Managing the Business

Donna is determined to spend a good amount of time on strategy formulation.How will she likely follow the process?

Which of the following is the BEST example of unrelated diversification?

Which of the following is MOST strongly suggested by the statements above?

Which of the following would be classified as opportunities for an organization?

Which of the following is NOT considered an organizational strength?

Which level of management is responsible for the overall performance and effectiveness of the firm?

Why is it important for Donna to be setting goals?

Which of the following BEST explains why Cathi should be skeptical about the description of the corporate culture at Domino Grace?

Donna is especially concerned about what her competitors are doing.Why would an environmental analysis help her?

Changes in technology will result in a decrease in the amount of information that managers will use to make decisions.

Which of the following BEST describes business strategy?

Which type of business constituent has titles such as President and CEO?

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Which of the following,if true,would MOST strongly suggest that the problems attributed to controlling were actually caused by planning failures?

Corporate culture is largely a result of state and local laws and regulations.

The first step in the planning process is determining goals.What is the next step?

Doubling the number of merchants participating in a sales program over the next 10 years is an example of a long-term goal.

Which description identifies the controlling function of the management process?

Which type of manager spends most of their time working with and supervising the employees who report to them?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters