Exam 4: The Internal Assessment

A pattern of behavior developed by an organization as it learns to cope with its problems of external adaptation and internal integration, and that has worked well enough to be considered valid and to be taught to new members as the correct way to perceive, think, and feel is called

The total assets turnover ratio is calculated by dividing sales by fixed assets.

A(n) ________ ideally supports the collective commitment of an organization's people to a common purpose.

Which function of management includes areas such as job design, job specifications, job analysis, and unity of command?

Marketing research is the systematic gathering, recording and analyzing, of data about problems relating to the marketing of goods and services.

Which ratio would be considered an activity ratio?

Leverage ratios measure a firm's ability to meet maturing short-term obligations.

What category of ratios measures a firm's ability to meet its short-term obligations?

An organization can develop synergy through planning.

Which function of management includes all of those activities undertaken to ensure actual operations conform to planned operations?

Firms pursuing a cost leadership strategy need to have a strong R&D orientation.

The ________ decision is the allocation and reallocation of capital and resources to projects, products, assets, and divisions of an organization.

According to Roger Schroeder, there are five basic functions or decision areas in production. Describe these five functions.

Research and Development (R&D) Management is focused on managing inputs, transformations, and outputs that vary across industries and markets.

All of the following are basic activities of management EXCEPT

The IFE Matrix is an evaluation of the effectiveness of the firm's current strategies, not taking into account opportunities and threats.

2 + 2 = 5 is the mathematical expression of the concept of

Worldwide advertising expenditures are expected to reach $700 billion in 2021.

The idea that paying dividends results in a higher stock price is a myth.

Organizing is the cornerstone of effective strategy formulation.