Question 1

During the 2012 Super Bowl, a 30-second advertisement cost about $3 million.

Accepted Answer

A) True 
 B)False

Question 2

The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A)  dysfunctional behavior. 
B)  groupthink. 
C)  behavior modification. 
D)  organizational culture. 
E)  internal audit effect. 
A)  dysfunctional behavior. 
B)  groupthink. 
C)  behavior modification. 
D)  organizational culture. 
E)  internal audit effect.

Question 4

Which of the following is NOT a key question that can reveal internal strengths and weaknesses of the marketing department?

Accepted Answer

A)  Does the firm have an effective sales organization? 
B)  Is our product quality good? 
C)  Are markets segmented effectively? 
D)  Are the firm's products and services priced appropriately? 
E)  Does the firm have good liquidity? 
A)  Does the firm have an effective sales organization? 
B)  Is our product quality good? 
C)  Are markets segmented effectively? 
D)  Are the firm's products and services priced appropriately? 
E)  Does the firm have good liquidity?

Question 5

Explain the resource-based view and its relation to strategic management.

Accepted Answer

The resource-based view(RBV)approach to

Question 6

Which of the three finance and accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

Accepted Answer

A)  Investment 
B)  Dividend 
C)  Financing 
D)  Capital budgeting 
E)  Implementation 
A)  Investment 
B)  Dividend 
C)  Financing 
D)  Capital budgeting 
E)  Implementation

Question 7

A limitation of financial ratios is the fact that they are based on accounting data.

Accepted Answer

A) True 
 B)False

Question 8

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

Accepted Answer

A)  Marketing 
B)  Financial 
C)  Research and development 
D)  Production and operations 
E)  Information systems 
A)  Marketing 
B)  Financial 
C)  Research and development 
D)  Production and operations 
E)  Information systems

Question 9

If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is $15, what is the breakeven quantity?

Accepted Answer

A)  500 
B)  667 
C)  1,000 
D)  2,000 
E)  5,000 
A)  500 
B)  667 
C)  1,000 
D)  2,000 
E)  5,000

Question 10

All of the following are basic duties of management EXCEPT

Accepted Answer

A)  staffing. 
B)  planning. 
C)  consolidating. 
D)  organizing. 
E)  motivating. 
A)  staffing. 
B)  planning. 
C)  consolidating. 
D)  organizing. 
E)  motivating.

Question 11

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

Accepted Answer

The five basic functions or de

Question 12

Resources that are common are never considered valuable.

Accepted Answer

A) True 
 B)False

Question 13

Constructing an Internal Factor Evaluation Matrix is a summary step when conducting an internal strategic-management audit.

Accepted Answer

A) True 
 B)False

Question 14

Increased efficiency, quality, productivity, and job satisfaction can come from cross-training workers.

Accepted Answer

A) True 
 B)False

Question 15

What category of ratios includes return on total assets and return on stockholders' equity?

Accepted Answer

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

Question 16

Chief marketing officers now spend more than 50 percent of their budget on technology to manage activities like online marketing and social media.

Accepted Answer

A) True 
 B)False

Question 17

Organizational resources include all of the following EXCEPT

Accepted Answer

A)  employee training. 
B)  firm structure. 
C)  planning processes. 
D)  information systems. 
E)  copyrights. 
A)  employee training. 
B)  firm structure. 
C)  planning processes. 
D)  information systems. 
E)  copyrights.

Question 18

Life-directing attitudes that serve as behavioral guidelines are called

Accepted Answer

A)  values. 
B)  rites. 
C)  beliefs. 
D)  metaphors. 
E)  legends. 
A)  values. 
B)  rites. 
C)  beliefs. 
D)  metaphors. 
E)  legends.

Question 19

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

Accepted Answer

A) True 
 B)False

Question 20

The IFE Matrix should be ________ in multidivisional firms.

Accepted Answer

A)  constructed for each division 
B)  all-inclusive 
C)  constructed only for the major divisions 
D)  developed before the EFE Matrix 
E)  revised monthly 
A)  constructed for each division 
B)  all-inclusive 
C)  constructed only for the major divisions 
D)  developed before the EFE Matrix 
E)  revised monthly

During the 2012 Super Bowl, a 30-second advertisement cost about $3 million.

The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture.

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

Which of the following is NOT a key question that can reveal internal strengths and weaknesses of the marketing department?

Explain the resource-based view and its relation to strategic management.

Which of the three finance and accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

A limitation of financial ratios is the fact that they are based on accounting data.

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is $15, what is the breakeven quantity?

All of the following are basic duties of management EXCEPT

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

Resources that are common are never considered valuable.

Constructing an Internal Factor Evaluation Matrix is a summary step when conducting an internal strategic-management audit.

Increased efficiency, quality, productivity, and job satisfaction can come from cross-training workers.

What category of ratios includes return on total assets and return on stockholders' equity?

Chief marketing officers now spend more than 50 percent of their budget on technology to manage activities like online marketing and social media.

Organizational resources include all of the following EXCEPT

Life-directing attitudes that serve as behavioral guidelines are called

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

The IFE Matrix should be ________ in multidivisional firms.

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

During the 2012 Super Bowl, a 30-second advertisement cost about $3 million.

The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture.

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

Which of the following is NOT a key question that can reveal internal strengths and weaknesses of the marketing department?

Explain the resource-based view and its relation to strategic management.

Which of the three finance and accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

A limitation of financial ratios is the fact that they are based on accounting data.

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is $15, what is the breakeven quantity?

All of the following are basic duties of management EXCEPT

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

Resources that are common are never considered valuable.

Constructing an Internal Factor Evaluation Matrix is a summary step when conducting an internal strategic-management audit.

Increased efficiency, quality, productivity, and job satisfaction can come from cross-training workers.

What category of ratios includes return on total assets and return on stockholders' equity?

Chief marketing officers now spend more than 50 percent of their budget on technology to manage activities like online marketing and social media.

Organizational resources include all of the following EXCEPT

Life-directing attitudes that serve as behavioral guidelines are called

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

The IFE Matrix should be ________ in multidivisional firms.

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