Question 1

________ is a commonly used approach to determine R&D budget allocations.

Accepted Answer

A)  Financing as many project proposals as possible 
B)  Using a percentage-of-sales method 
C)  Budgeting for R&D about what competitors spend 
D)  Deciding how many successful new products are needed 
E)  All of the above 
A)  Financing as many project proposals as possible 
B)  Using a percentage-of-sales method 
C)  Budgeting for R&D about what competitors spend 
D)  Deciding how many successful new products are needed 
E)  All of the above

Question 2

A form of customer analysis is administering customer surveys.

Accepted Answer

A) True 
 B)False

Question 3

Which ratio would be considered an activity ratio?

Accepted Answer

A)  Debt-to-equity 
B)  Net profit margin 
C)  Average collection period 
D)  Earnings per share 
E)  Current ratio 
A)  Debt-to-equity 
B)  Net profit margin 
C)  Average collection period 
D)  Earnings per share 
E)  Current ratio

Question 4

Synergy

Accepted Answer

A)  is the 2 + 2 = 5 effect. 
B)  can result in powerful competitive advantages. 
C)  can be developed by an organization through planning. 
D)  exists when everyone pulls together as a team that knows what it wants to achieve. 
E)  all of the above 
A)  is the 2 + 2 = 5 effect. 
B)  can result in powerful competitive advantages. 
C)  can be developed by an organization through planning. 
D)  exists when everyone pulls together as a team that knows what it wants to achieve. 
E)  all of the above

Question 5

According to Roger Schroeder, which basic function within production and operations deals with aggregate planning and scheduling?

Accepted Answer

A)  Capacity 
B)  Inventory 
C)  Workforce 
D)  Process 
E)  Quality 
A)  Capacity 
B)  Inventory 
C)  Workforce 
D)  Process 
E)  Quality

Question 6

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

Accepted Answer

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

Question 7

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

Accepted Answer

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

Question 8

Identify the five basic functions of management, and describe each function.

Accepted Answer

The five basic functions of ma

Question 9

Who does a planning horizon of two to five years apply to?

Accepted Answer

A)  Top-level management 
B)  General management 
C)  Middle-level management 
D)  Lower-level management 
E)  All levels of management 
A)  Top-level management 
B)  General management 
C)  Middle-level management 
D)  Lower-level management 
E)  All levels of management

Question 10

________ exemplifies the complexity of relationships among the functional areas of business.

Accepted Answer

A)  Government auditing 
B)  External auditing 
C)  Financial ratio analysis 
D)  Environmental scanning 
E)  Distribution strategy 
A)  Government auditing 
B)  External auditing 
C)  Financial ratio analysis 
D)  Environmental scanning 
E)  Distribution strategy

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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 13

Discuss how technology has affected the role of the chief marketing officer (CMO).

Accepted Answer

CMOs now spend more than half their budg

Question 14

Discuss the five steps involved in performing an IFE Matrix.

Accepted Answer

The first step is to list 20 internal fa

Question 15

Cultural products include values, beliefs, stories, and language.

Accepted Answer

A) True 
 B)False

Question 16

Discuss the limitations of financial ratio analysis.

Accepted Answer

There are some limitations of financial

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Identify the reasons dividends are sometimes paid out even when funds could be better reinvested in the business or when the firm has to tap outside sources to pay the dividends.

Accepted Answer

Dividends are sometimes paid out even wh

Question 19

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

Accepted Answer

A)  Profitability 
B)  Liquidity 
C)  Leverage 
D)  Activity 
E)  Growth 
A)  Profitability 
B)  Liquidity 
C)  Leverage 
D)  Activity 
E)  Growth

Question 20

Test marketing is used more frequently by industrial companies than consumer goods companies.

Accepted Answer

A) True 
 B)False

________ is a commonly used approach to determine R&D budget allocations.

A form of customer analysis is administering customer surveys.

Which ratio would be considered an activity ratio?

Synergy

According to Roger Schroeder, which basic function within production and operations deals with aggregate planning and scheduling?

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

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

Identify the five basic functions of management, and describe each function.

Who does a planning horizon of two to five years apply to?

________ exemplifies the complexity of relationships among the functional areas of business.

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

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

Discuss how technology has affected the role of the chief marketing officer (CMO).

Discuss the five steps involved in performing an IFE Matrix.

Cultural products include values, beliefs, stories, and language.

Discuss the limitations of financial ratio analysis.

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

Identify the reasons dividends are sometimes paid out even when funds could be better reinvested in the business or when the firm has to tap outside sources to pay the dividends.

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

Test marketing is used more frequently by industrial companies than consumer goods companies.

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

________ is a commonly used approach to determine R&D budget allocations.

A form of customer analysis is administering customer surveys.

Which ratio would be considered an activity ratio?

Synergy

According to Roger Schroeder, which basic function within production and operations deals with aggregate planning and scheduling?

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

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

Identify the five basic functions of management, and describe each function.

Who does a planning horizon of two to five years apply to?

________ exemplifies the complexity of relationships among the functional areas of business.

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

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

Discuss how technology has affected the role of the chief marketing officer (CMO).

Discuss the five steps involved in performing an IFE Matrix.

Cultural products include values, beliefs, stories, and language.

Discuss the limitations of financial ratio analysis.

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

Identify the reasons dividends are sometimes paid out even when funds could be better reinvested in the business or when the firm has to tap outside sources to pay the dividends.

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

Test marketing is used more frequently by industrial companies than consumer goods companies.

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