Question 1

________ can result in powerful competitive advantages.

Accepted Answer

A)  Profits 
B)  Tangible resources 
C)  Suppliers 
D)  Customers 
E)  Synergy 
A)  Profits 
B)  Tangible resources 
C)  Suppliers 
D)  Customers 
E)  Synergy

Question 2

Explain briefly the process of assigning weights in the IFE Matrix.

Accepted Answer

Assigning weights is the second step in

Question 3

Business analytics is sometimes also called

Accepted Answer

A)  data mining. 
B)  strategic planning. 
C)  rote learning. 
D)  process modeling. 
E)  quality planning. 
A)  data mining. 
B)  strategic planning. 
C)  rote learning. 
D)  process modeling. 
E)  quality planning.

Question 4

The initial step in developing an IFE Matrix is

Accepted Answer

A)  attaching a cost to each discrete activity. 
B)  assigning weights to key internal factors. 
C)  assigning ratings to key internal factors. 
D)  obtaining weighted scores. 
E)  developing a full and narrow list of key internal factors. 
A)  attaching a cost to each discrete activity. 
B)  assigning weights to key internal factors. 
C)  assigning ratings to key internal factors. 
D)  obtaining weighted scores. 
E)  developing a full and narrow list of key internal factors.

Question 5

The management function of organizing is included in human resource management.

Accepted Answer

A) True 
 B)False

Question 6

The extent to which a manufacturing plant's output reaches its potential output is called capacity utilization.

Accepted Answer

A) True 
 B)False

Question 7

Which function of management is concerned with span of control and chain of command?

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Staffing 
E)  Motivating 
A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Staffing 
E)  Motivating

Question 8

Pricing is one of the basic functions of

Accepted Answer

A)  marketing. 
B)  finance/accounting. 
C)  management information systems. 
D)  production/operations. 
E)  research and development. 
A)  marketing. 
B)  finance/accounting. 
C)  management information systems. 
D)  production/operations. 
E)  research and development.

Question 9

________ is a business technique that involves using software to mine huge volumes of data to help executives make decisions.

Accepted Answer

A)  Production management 
B)  Operations management 
C)  Strategic planning 
D)  Business modeling 
E)  Business analytics 
A)  Production management 
B)  Operations management 
C)  Strategic planning 
D)  Business modeling 
E)  Business analytics

Question 10

Technology ties all business functions together and provides the basis for all managerial decisions.

Accepted Answer

A) True 
 B)False

Question 11

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Accepted Answer

A) True 
 B)False

Question 12

Digital advertising is expected to reach nearly $280 billion in 2020.

Accepted Answer

A) True 
 B)False

Question 13

There are five basic functions of marketing: marketing research and target market analysis, product planning, promoting products, pricing products, and placing or distributing products.

Accepted Answer

A) True 
 B)False

Question 14

________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.

Accepted Answer

A)  Organizational culture 
B)  Business model 
C)  Organizational strategy 
D)  Organizational mandate 
E)  Regulation 
A)  Organizational culture 
B)  Business model 
C)  Organizational strategy 
D)  Organizational mandate 
E)  Regulation

Question 15

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Accepted Answer

A) True 
 B)False

Question 16

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

Accepted Answer

A)  Inventory turnover 
B)  Fixed assets turnover 
C)  Total assets turnover 
D)  Debt-to-equity ratio 
E)  Times-interest-earned ratio 
A)  Inventory turnover 
B)  Fixed assets turnover 
C)  Total assets turnover 
D)  Debt-to-equity ratio 
E)  Times-interest-earned ratio

Question 17

An IFE Matrix can be developed in ________ steps.

Accepted Answer

A)  three 
B)  four 
C)  five 
D)  six 
E)  two 
A)  three 
B)  four 
C)  five 
D)  six 
E)  two

Question 18

The controlling function of management is synonymous with strategy formulation.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following does the text call an up-front investment in success?

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Motivating 
D)  Staffing 
E)  Controlling 
A)  Planning 
B)  Organizing 
C)  Motivating 
D)  Staffing 
E)  Controlling

Question 20

Which of the following is the last step in developing an IFE Matrix?

Accepted Answer

A)  Determining the organization's structure 
B)  Summing the weighted scores for each variable 
C)  Obtain total weighted score 
D)  Identifying the organization's functions of business 
E)  Assigning a weight to each factor 
A)  Determining the organization's structure 
B)  Summing the weighted scores for each variable 
C)  Obtain total weighted score 
D)  Identifying the organization's functions of business 
E)  Assigning a weight to each factor

________ can result in powerful competitive advantages.

Explain briefly the process of assigning weights in the IFE Matrix.

Business analytics is sometimes also called

The initial step in developing an IFE Matrix is

The management function of organizing is included in human resource management.

The extent to which a manufacturing plant's output reaches its potential output is called capacity utilization.

Which function of management is concerned with span of control and chain of command?

Pricing is one of the basic functions of

________ is a business technique that involves using software to mine huge volumes of data to help executives make decisions.

Technology ties all business functions together and provides the basis for all managerial decisions.

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Digital advertising is expected to reach nearly $280 billion in 2020.

There are five basic functions of marketing: marketing research and target market analysis, product planning, promoting products, pricing products, and placing or distributing products.

________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

An IFE Matrix can be developed in ________ steps.

The controlling function of management is synonymous with strategy formulation.

Which of the following does the text call an up-front investment in success?

Which of the following is the last step in developing an IFE Matrix?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

Strategies in Action

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 4: The Internal Assessment

________ can result in powerful competitive advantages.

Explain briefly the process of assigning weights in the IFE Matrix.

Business analytics is sometimes also called

The initial step in developing an IFE Matrix is

The management function of organizing is included in human resource management.

The extent to which a manufacturing plant's output reaches its potential output is called capacity utilization.

Which function of management is concerned with span of control and chain of command?

Pricing is one of the basic functions of

________ is a business technique that involves using software to mine huge volumes of data to help executives make decisions.

Technology ties all business functions together and provides the basis for all managerial decisions.

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Digital advertising is expected to reach nearly $280 billion in 2020.

There are five basic functions of marketing: marketing research and target market analysis, product planning, promoting products, pricing products, and placing or distributing products.

________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

An IFE Matrix can be developed in ________ steps.

The controlling function of management is synonymous with strategy formulation.

Which of the following does the text call an up-front investment in success?

Which of the following is the last step in developing an IFE Matrix?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

Strategies in Action

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