Question 1

According to Roger Schroeder,which of the following is not a basic function of production management?

Accepted Answer

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

Question 2

Linkages between a firm's culture and strategies often determine success.

Accepted Answer

A) True 
 B)False  True

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

There are seven basic functions of marketing: customer analysis,selling products/services,product and service planning,pricing,distribution,marketing research and opportunity analysis.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Which function of management includes areas such as job design,job specification,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 10

Discuss the limitations of financial ratio analysis.

Accepted Answer

There are some limitations of financial

Question 11

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

Question 12

________ 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/operations 
E)  Distribution 
A)  Marketing 
B)  Financial 
C)  Research and Development 
D)  Production/operations 
E)  Distribution

Question 13

Who should perform an internal audit?

Accepted Answer

A)  A private auditing firm 
B)  The organization's accounting department 
C)  Representative managers and employees from throughout the organization 
D)  A team of top-level managers 
E)  The chief executive officer 
A)  A private auditing firm 
B)  The organization's accounting department 
C)  Representative managers and employees from throughout the organization 
D)  A team of top-level managers 
E)  The chief executive officer

Question 14

Spending on research and development is steadily decreasing in the United States.

Accepted Answer

A) True 
 B)False

Question 15

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 16

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

Accepted Answer

A) True 
 B)False

Question 17

The three all-encompassing internal resource categories used in the Resource-Based View are physical resources,human resources and

Accepted Answer

A)  financial resources. 
B)  shareholder resources. 
C)  organizational resources. 
D)  natural resources. 
E)  technological resources. 
A)  financial resources. 
B)  shareholder resources. 
C)  organizational resources. 
D)  natural resources. 
E)  technological resources.

Question 18

Three areas,according to James Van Horne,comprise the functions or basic decision areas of finance: the investment decision,the financing decision and the dividend decision.

Accepted Answer

A) True 
 B)False

Question 19

All of the following are basic duties of a manager except:

Accepted Answer

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

Question 20

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

Accepted Answer

The resource-based view (RBV)approach to

According to Roger Schroeder,which of the following is not a basic function of production management?

Linkages between a firm's culture and strategies often determine success.

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

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

There are seven basic functions of marketing: customer analysis,selling products/services,product and service planning,pricing,distribution,marketing research and opportunity analysis.

Life-directing attitudes that serve as behavioral guidelines are called

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

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

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

Discuss the limitations of financial ratio analysis.

The IFE Matrix should be ________ in multidivisional firms.

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

Who should perform an internal audit?

Spending on research and development is steadily decreasing in the United States.

The initial step to implementing value chain analysis is

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

The three all-encompassing internal resource categories used in the Resource-Based View are physical resources,human resources and

Three areas,according to James Van Horne,comprise the functions or basic decision areas of finance: the investment decision,the financing decision and the dividend decision.

All of the following are basic duties of a manager except:

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

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/Environmental Sustainability

Global/International Issues

Filters

Exam 4: The Internal Assessment

According to Roger Schroeder,which of the following is not a basic function of production management?

Linkages between a firm's culture and strategies often determine success.

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

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

There are seven basic functions of marketing: customer analysis,selling products/services,product and service planning,pricing,distribution,marketing research and opportunity analysis.

Life-directing attitudes that serve as behavioral guidelines are called

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

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

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

Discuss the limitations of financial ratio analysis.

The IFE Matrix should be ________ in multidivisional firms.

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

Who should perform an internal audit?

Spending on research and development is steadily decreasing in the United States.

The initial step to implementing value chain analysis is

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

The three all-encompassing internal resource categories used in the Resource-Based View are physical resources,human resources and

Three areas,according to James Van Horne,comprise the functions or basic decision areas of finance: the investment decision,the financing decision and the dividend decision.

All of the following are basic duties of a manager except:

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

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/Environmental Sustainability

Global/International Issues

Filters