Question 1

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Accepted Answer

A) True 
 B)False

Question 2

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

Accepted Answer

A) True 
 B)False

Question 3

What principle is built on the idea that there is no general plan for which way to go and what to do?

Accepted Answer

A)  Managing by crisis 
B)  Managing by extrapolation 
C)  Managing by objectives 
D)  Managing by hope 
E)  Managing by mystery 
A)  Managing by crisis 
B)  Managing by extrapolation 
C)  Managing by objectives 
D)  Managing by hope 
E)  Managing by mystery

Question 4

Unrelated diversification is an appropriate strategy when an organization's present channels of distribution can be used to market the new products to current customers.

Accepted Answer

A) True 
 B)False

Question 5

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

Accepted Answer

A) True 
 B)False

Question 6

When an acquisition or merger is not desired by both parties, it is called a hostile takeover.

Accepted Answer

A) True 
 B)False

Question 7

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

Accepted Answer

A) True 
 B)False

Question 8

An effective means of implementing forward integration is through

Accepted Answer

A)  product development. 
B)  market development. 
C)  innovation. 
D)  cost leadership. 
E)  franchising. 
A)  product development. 
B)  market development. 
C)  innovation. 
D)  cost leadership. 
E)  franchising.

Question 9

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

Accepted Answer

A)  Forward integration 
B)  Conglomerate diversification 
C)  Backward integration 
D)  Horizontal integration 
E)  Concentric diversification 
A)  Forward integration 
B)  Conglomerate diversification 
C)  Backward integration 
D)  Horizontal integration 
E)  Concentric diversification

Question 10

If Gap opens five stores for the first time in China, this is an example of which type of strategy?

Accepted Answer

A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development 
A)  Forward integration 
B)  Backward integration 
C)  Horizontal integration 
D)  Market development 
E)  Product development

Question 11

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

Accepted Answer

A)  Conglomerate diversification 
B)  Forward integration 
C)  Concentric diversification 
D)  Backward integration 
E)  Horizontal diversification 
A)  Conglomerate diversification 
B)  Forward integration 
C)  Concentric diversification 
D)  Backward integration 
E)  Horizontal diversification

Question 12

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Accepted Answer

A) True 
 B)False

Question 13

Explain each of the five types of bankruptcy: Chapters 7, 9, 11, 12 and 13.

Accepted Answer

Chapter 7 bankruptcy is a liquidation pr

Question 14

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

Accepted Answer

A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment 
A)  Divestiture 
B)  Related diversification 
C)  Backward integration 
D)  Unrelated diversification 
E)  Retrenchment

Question 15

Retrenchment is a turnaround strategy.

Accepted Answer

A) True 
 B)False

Question 16

In which situation would horizontal integration be an especially effective strategy?

Accepted Answer

A)  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 
B)  When an organization competes in a slowing industry 
C)  When decreased economies of scale provide major competitive advantages 
D)  When an organization has neither the capital nor human talent needed to successfully manage an expanded organization 
E)  When competitors are succeeding due to managerial expertise or having particular resources an organization possesses 
A)  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 
B)  When an organization competes in a slowing industry 
C)  When decreased economies of scale provide major competitive advantages 
D)  When an organization has neither the capital nor human talent needed to successfully manage an expanded organization 
E)  When competitors are succeeding due to managerial expertise or having particular resources an organization possesses

Question 17

Horizontal integration is seeking ownership or increased control over competitors.

Accepted Answer

A) True 
 B)False

Question 18

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Accepted Answer

A) True 
 B)False

Question 19

Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than rivals.

Accepted Answer

A) True 
 B)False

Question 20

The initial step to implementing value chain analysis is

Accepted Answer

A)  attaching a cost to each discrete activity. 
B)  establishing costs in terms of time. 
C)  establishing costs in terms of money. 
D)  converting the cost data into information by looking for competitive cost strengths and weaknesses. 
E)  dividing a firm's operations into specific activities or business processes. 
A)  attaching a cost to each discrete activity. 
B)  establishing costs in terms of time. 
C)  establishing costs in terms of money. 
D)  converting the cost data into information by looking for competitive cost strengths and weaknesses. 
E)  dividing a firm's operations into specific activities or business processes.

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

What principle is built on the idea that there is no general plan for which way to go and what to do?

Unrelated diversification is an appropriate strategy when an organization's present channels of distribution can be used to market the new products to current customers.

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

When an acquisition or merger is not desired by both parties, it is called a hostile takeover.

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

An effective means of implementing forward integration is through

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

If Gap opens five stores for the first time in China, this is an example of which type of strategy?

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Explain each of the five types of bankruptcy: Chapters 7, 9, 11, 12 and 13.

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

Retrenchment is a turnaround strategy.

In which situation would horizontal integration be an especially effective strategy?

Horizontal integration is seeking ownership or increased control over competitors.

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than rivals.

The initial step to implementing value chain analysis is

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters

Exam 5: Strategies in Action

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Chapter 7 bankruptcy is a liquidation procedure used only when a firm sees no hope of being able to operate successfully or to obtain necessary creditor agreement.

What principle is built on the idea that there is no general plan for which way to go and what to do?

Unrelated diversification is an appropriate strategy when an organization's present channels of distribution can be used to market the new products to current customers.

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

When an acquisition or merger is not desired by both parties, it is called a hostile takeover.

Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.

An effective means of implementing forward integration is through

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

If Gap opens five stores for the first time in China, this is an example of which type of strategy?

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.

Explain each of the five types of bankruptcy: Chapters 7, 9, 11, 12 and 13.

Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?

Retrenchment is a turnaround strategy.

In which situation would horizontal integration be an especially effective strategy?

Horizontal integration is seeking ownership or increased control over competitors.

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than rivals.

The initial step to implementing value chain analysis is

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Marketing Issues

Implementing Strategies: Finance and Accounting Issues

Strategy Evaluation and Governance

Business Ethics, Environmental Sustainability, and Social Responsibility

Global and International Issues

Filters