Question 1

Activity ratios measure how effectively a firm is using its resources.

Accepted Answer

A) True 
 B)False

Question 2

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

Accepted Answer

A) True 
 B)False

Question 3

In most industries, the major costs of producing a product or service are incurred within

Accepted Answer

A)  marketing. 
B)  management. 
C)  research and development. 
D)  operations. 
E)  management information systems. 
A)  marketing. 
B)  management. 
C)  research and development. 
D)  operations. 
E)  management information systems.

Question 4

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

Accepted Answer

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

Question 5

A firm's strengths that cannot be easily matched or imitated by competitors are called

Accepted Answer

A)  internal audits. 
B)  distinctive competencies. 
C)  external audits. 
D)  interrelated properties. 
E)  internal properties. 
A)  internal audits. 
B)  distinctive competencies. 
C)  external audits. 
D)  interrelated properties. 
E)  internal properties.

Question 6

Any object, act, event, quality, or relation used to convey meaning is known as a

Accepted Answer

A)  myth. 
B)  rite. 
C)  value. 
D)  symbol. 
E)  metaphor. 
A)  myth. 
B)  rite. 
C)  value. 
D)  symbol. 
E)  metaphor.

Question 7

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.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

A new trend with regard to advertising products or services on the Internet is to base advertising rates solely on sales rates.

Accepted Answer

A) True 
 B)False

Question 10

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

Accepted Answer

A) True 
 B)False

Question 11

The first step in the controlling function of management is to

Accepted Answer

A)  take corrective actions. 
B)  restrict the number of breaks employees take. 
C)  evaluate expense reports. 
D)  establish performance standards. 
E)  measure individual and organizational performance. 
A)  take corrective actions. 
B)  restrict the number of breaks employees take. 
C)  evaluate expense reports. 
D)  establish performance standards. 
E)  measure individual and organizational performance.

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

The quantity or number of units of product that a firm must sell to break even is total fixed costs divided by (price per unit + variable costs per unit).

Accepted Answer

A) True 
 B)False

Question 14

The times-interest-earned ratio would be classified as a(n)

Accepted Answer

A)  activity ratio. 
B)  leverage ratio. 
C)  profitability ratio. 
D)  liquidity ratio. 
E)  growth ratio. 
A)  activity ratio. 
B)  leverage ratio. 
C)  profitability ratio. 
D)  liquidity ratio. 
E)  growth ratio.

Question 15

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 16

The only certain thing about the future of any organization is change.

Accepted Answer

A) True 
 B)False

Question 17

A task force of managers from different units of the organization, supported by staff, should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

Accepted Answer

A) True 
 B)False

Question 18

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Accepted Answer

A) True 
 B)False

Question 19

Motivation is one explanation why some people work hard and others do not.

Accepted Answer

A) True 
 B)False

Question 20

Staffing involves all of these activities EXCEPT

Accepted Answer

A)  recruiting. 
B)  transferring. 
C)  analyzing customers. 
D)  managing union relations. 
E)  training and developing. 
A)  recruiting. 
B)  transferring. 
C)  analyzing customers. 
D)  managing union relations. 
E)  training and developing.

Activity ratios measure how effectively a firm is using its resources.

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

In most industries, the major costs of producing a product or service are incurred within

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

A firm's strengths that cannot be easily matched or imitated by competitors are called

Any object, act, event, quality, or relation used to convey meaning is known as a

The initial step to implementing value chain analysis is

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

A new trend with regard to advertising products or services on the Internet is to base advertising rates solely on sales rates.

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

The first step in the controlling function of management is to

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

The quantity or number of units of product that a firm must sell to break even is total fixed costs divided by (price per unit + variable costs per unit).

The times-interest-earned ratio would be classified as a(n)

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

The only certain thing about the future of any organization is change.

A task force of managers from different units of the organization, supported by staff, should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Motivation is one explanation why some people work hard and others do not.

Staffing involves all of these activities EXCEPT

The Nature of Strategic Management

The Business Vision and Mission

The External 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 4: The Internal Assessment

Activity ratios measure how effectively a firm is using its resources.

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

In most industries, the major costs of producing a product or service are incurred within

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

A firm's strengths that cannot be easily matched or imitated by competitors are called

Any object, act, event, quality, or relation used to convey meaning is known as a

The initial step to implementing value chain analysis is

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

A new trend with regard to advertising products or services on the Internet is to base advertising rates solely on sales rates.

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

The first step in the controlling function of management is to

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

The quantity or number of units of product that a firm must sell to break even is total fixed costs divided by (price per unit + variable costs per unit).

The times-interest-earned ratio would be classified as a(n)

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

The only certain thing about the future of any organization is change.

A task force of managers from different units of the organization, supported by staff, should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Motivation is one explanation why some people work hard and others do not.

Staffing involves all of these activities EXCEPT

The Nature of Strategic Management

The Business Vision and Mission

The External 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