Question 1

A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Accepted Answer

A) True 
 B)False

Question 2

Market commonality can be defined as

Accepted Answer

A)  the number and significance of markets that a firm competes in with rivals. 
B)  the number and significance of points in common a firm has with its rivals. 
C)  the extent to which the type of a firm's internal resources are comparable to a rival. 
D)  the extent to which the amount of a firm's internal resources are comparable to a rival. 
E)  none of the above 
A)  the number and significance of markets that a firm competes in with rivals. 
B)  the number and significance of points in common a firm has with its rivals. 
C)  the extent to which the type of a firm's internal resources are comparable to a rival. 
D)  the extent to which the amount of a firm's internal resources are comparable to a rival. 
E)  none of the above

Question 3

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Accepted Answer

A) True 
 B)False

Question 4

Standard and Poor's Industry Surveys include all of the following sections EXCEPT

Accepted Answer

A)  Historic Environment. 
B)  Industry Trends. 
C)  How to Analyze a Company. 
D)  Glossary of Industry Terms. 
E)  Comparative Company Financial Analysis. 
A)  Historic Environment. 
B)  Industry Trends. 
C)  How to Analyze a Company. 
D)  Glossary of Industry Terms. 
E)  Comparative Company Financial Analysis.

Question 5

The responsibilities of a director of competitive analysis include all of the following EXCEPT

Accepted Answer

A)  researching special issues. 
B)  disseminating information on a timely basis. 
C)  recognizing what information is important and who needs to know. 
D)  conducting corporate espionage. 
E)  analyzing data. 
A)  researching special issues. 
B)  disseminating information on a timely basis. 
C)  recognizing what information is important and who needs to know. 
D)  conducting corporate espionage. 
E)  analyzing data.

Question 6

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

Accepted Answer

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

Question 7

By 2075, the United States will have no racial or ethnic majority.

Accepted Answer

A) True 
 B)False

Question 8

It is predicted that the United States will have how many racial or ethnic majorities by the year 2075?

Accepted Answer

A)  None 
B)  One 
C)  Two 
D)  Three 
E)  Five 
A)  None 
B)  One 
C)  Two 
D)  Three 
E)  Five

Question 9

Economic factors do not have much impact on the attractiveness of strategies.

Accepted Answer

A) True 
 B)False

Question 10

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

Accepted Answer

A) True 
 B)False

Question 11

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Accepted Answer

A) True 
 B)False

Question 12

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

Accepted Answer

A) True 
 B)False

Question 13

What happens when interest rates rise?

Accepted Answer

A)  Discretionary income increases. 
B)  The demand for discretionary goods increases. 
C)  Discretionary income is unchanged. 
D)  The demand for discretionary goods decreases. 
E)  Discretionary income increases and the demand for discretionary goods decreases. 
A)  Discretionary income increases. 
B)  The demand for discretionary goods increases. 
C)  Discretionary income is unchanged. 
D)  The demand for discretionary goods decreases. 
E)  Discretionary income increases and the demand for discretionary goods decreases.

Question 14

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

Accepted Answer

A)  Economic 
B)  Political 
C)  Technological 
D)  Competitive 
E)  Multinational 
A)  Economic 
B)  Political 
C)  Technological 
D)  Competitive 
E)  Multinational

Question 15

Without assumptions, planning would be

Accepted Answer

A)  impossible. 
B)  easier. 
C)  difficult. 
D)  inexpensive. 
E)  intuitive. 
A)  impossible. 
B)  easier. 
C)  difficult. 
D)  inexpensive. 
E)  intuitive.

Question 16

There are now more American households consisting of married couples with children than of people living alone or with unrelated people.

Accepted Answer

A) True 
 B)False

Question 17

Competition in virtually all industries is

Accepted Answer

A)  nonexistent. 
B)  intense. 
C)  never cutthroat. 
D)  easily avoidable. 
E)  insignificant. 
A)  nonexistent. 
B)  intense. 
C)  never cutthroat. 
D)  easily avoidable. 
E)  insignificant.

Question 18

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

Accepted Answer

A)  Marginal 
B)  Low 
C)  High 
D)  Negative 
E)  Negligible 
A)  Marginal 
B)  Low 
C)  High 
D)  Negative 
E)  Negligible

Question 19

________ is NOT a basic mission of a competitive intelligence program.

Accepted Answer

A)  Providing a general understanding of an industry 
B)  Providing a general understanding of a company's competitors 
C)  Identifying industry executives who could be hired by the firm 
D)  Identifying areas in which competitors are vulnerable and assessing the impact strategic actions would have on competitors 
E)  Identifying potential moves a competitor might make that would endanger a firm's position in the market 
A)  Providing a general understanding of an industry 
B)  Providing a general understanding of a company's competitors 
C)  Identifying industry executives who could be hired by the firm 
D)  Identifying areas in which competitors are vulnerable and assessing the impact strategic actions would have on competitors 
E)  Identifying potential moves a competitor might make that would endanger a firm's position in the market

Question 20

Political issues and stances do matter for business, especially in today's world of instant tweeting and e-mailing.

Accepted Answer

A) True 
 B)False

A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Market commonality can be defined as

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Standard and Poor's Industry Surveys include all of the following sections EXCEPT

The responsibilities of a director of competitive analysis include all of the following EXCEPT

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

By 2075, the United States will have no racial or ethnic majority.

It is predicted that the United States will have how many racial or ethnic majorities by the year 2075?

Economic factors do not have much impact on the attractiveness of strategies.

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

What happens when interest rates rise?

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

Without assumptions, planning would be

There are now more American households consisting of married couples with children than of people living alone or with unrelated people.

Competition in virtually all industries is

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

________ is NOT a basic mission of a competitive intelligence program.

Political issues and stances do matter for business, especially in today's world of instant tweeting and e-mailing.

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 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.

Market commonality can be defined as

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Standard and Poor's Industry Surveys include all of the following sections EXCEPT

The responsibilities of a director of competitive analysis include all of the following EXCEPT

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

By 2075, the United States will have no racial or ethnic majority.

It is predicted that the United States will have how many racial or ethnic majorities by the year 2075?

Economic factors do not have much impact on the attractiveness of strategies.

Without reasonable assumptions, the strategy-formulation process could not proceed effectively.

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

What happens when interest rates rise?

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

Without assumptions, planning would be

There are now more American households consisting of married couples with children than of people living alone or with unrelated people.

Competition in virtually all industries is

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

________ is NOT a basic mission of a competitive intelligence program.

Political issues and stances do matter for business, especially in today's world of instant tweeting and e-mailing.

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