Question 1

A total weighted score of ________ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

Accepted Answer

A)  0.0 
B)  1.0 
C)  2.5 
D)  3.3 
E)  4.0 
A)  0.0 
B)  1.0 
C)  2.5 
D)  3.3 
E)  4.0

Question 2

Who are the world's longest-living people?

Accepted Answer

A)  Americans 
B)  Mexicans 
C)  Indians 
D)  Filipinos 
E)  Japanese 
A)  Americans 
B)  Mexicans 
C)  Indians 
D)  Filipinos 
E)  Japanese

Question 3

What is state of labor unions in the USA? How can unions affect businesses?

Accepted Answer

The size of U.S.labor unions has fallen

Question 4

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

Accepted Answer

A) True 
 B)False

Question 5

As many managers and employees as possible should be involved in the process of performing an external audit.

Accepted Answer

A) True 
 B)False

Question 6

While forecasts might not be perfect, they are never wildly inaccurate.

Accepted Answer

A) True 
 B)False

Question 7

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Accepted Answer

External forces can be divided into five

Question 8

Collecting and evaluating information on competitors is essential for successful

Accepted Answer

A)  internal analysis. 
B)  strategy evaluation. 
C)  strategy formulation. 
D)  strategy implementation. 
E)  strategy correction. 
A)  internal analysis. 
B)  strategy evaluation. 
C)  strategy formulation. 
D)  strategy implementation. 
E)  strategy correction.

Question 9

A company website ________ information about a firm.

Accepted Answer

A)  is a good place to start to find 
B)  is not a reliable source of 
C)  is only acceptable as a last resort for 
D)  should not be used as the first place to look for 
E)  is a waste of time when searching for 
A)  is a good place to start to find 
B)  is not a reliable source of 
C)  is only acceptable as a last resort for 
D)  should not be used as the first place to look for 
E)  is a waste of time when searching for

Question 10

Bargaining power of consumers is usually the most powerful of Porter's five competitive forces.

Accepted Answer

A) True 
 B)False

Question 11

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 12

Much of Europe lingers in a recession.

Accepted Answer

A) True 
 B)False

Question 13

Linear regression is based on the assumption that the future will be different from the past.

Accepted Answer

A) True 
 B)False

Question 14

According to Porter, what is usually the most powerful of the five competitive forces?

Accepted Answer

A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors 
A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors

Question 15

Many economists say the current rash of trade constraints will make it ________ for global economic growth.

Accepted Answer

A)  easier 
B)  impossible 
C)  harder 
D)  more likely 
E)  less time-consuming 
A)  easier 
B)  impossible 
C)  harder 
D)  more likely 
E)  less time-consuming

Question 16

In a CPM, the ratings and total weighted scores for rival firms can be compared to the sample firm.

Accepted Answer

The Competitive Profile Matrix(CPM)ident

Question 17

Discuss the I/O approach in relation to competitive advantage.

Accepted Answer

The I/O approach to competitive advantag

Question 18

Wisconsin recently passed a law eliminating most collective-bargaining rights for the state's public-employee unions.

Accepted Answer

A) True 
 B)False

Question 19

Competitive intelligence is not considered corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public.

Accepted Answer

A) True 
 B)False

Question 20

Running a competitive intelligence program requires lots of people, computers, and other resources.

Accepted Answer

A) True 
 B)False

A total weighted score of ________ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

Who are the world's longest-living people?

What is state of labor unions in the USA? How can unions affect businesses?

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

As many managers and employees as possible should be involved in the process of performing an external audit.

While forecasts might not be perfect, they are never wildly inaccurate.

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Collecting and evaluating information on competitors is essential for successful

A company website ________ information about a firm.

Bargaining power of consumers is usually the most powerful of Porter's five competitive forces.

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

Much of Europe lingers in a recession.

Linear regression is based on the assumption that the future will be different from the past.

According to Porter, what is usually the most powerful of the five competitive forces?

Many economists say the current rash of trade constraints will make it ________ for global economic growth.

In a CPM, the ratings and total weighted scores for rival firms can be compared to the sample firm.

Discuss the I/O approach in relation to competitive advantage.

Wisconsin recently passed a law eliminating most collective-bargaining rights for the state's public-employee unions.

Competitive intelligence is not considered corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public.

Running a competitive intelligence program requires lots of people, computers, and other resources.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 3: The External Assessment

A total weighted score of ________ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

Who are the world's longest-living people?

What is state of labor unions in the USA? How can unions affect businesses?

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

As many managers and employees as possible should be involved in the process of performing an external audit.

While forecasts might not be perfect, they are never wildly inaccurate.

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Collecting and evaluating information on competitors is essential for successful

A company website ________ information about a firm.

Bargaining power of consumers is usually the most powerful of Porter's five competitive forces.

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

Much of Europe lingers in a recession.

Linear regression is based on the assumption that the future will be different from the past.

According to Porter, what is usually the most powerful of the five competitive forces?

Many economists say the current rash of trade constraints will make it ________ for global economic growth.

In a CPM, the ratings and total weighted scores for rival firms can be compared to the sample firm.

Discuss the I/O approach in relation to competitive advantage.

Wisconsin recently passed a law eliminating most collective-bargaining rights for the state's public-employee unions.

Competitive intelligence is not considered corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public.

Running a competitive intelligence program requires lots of people, computers, and other resources.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters