Question 1

Opportunity analysis is one of the basic functions of

Accepted Answer

A)  marketing. 
B)  finance/accounting. 
C)  computer information systems. 
D)  production/operations. 
E)  research and development. 
A)  marketing. 
B)  finance/accounting. 
C)  computer information systems. 
D)  production/operations. 
E)  research and development.

Question 2

The process of performing an internal audit,compared to the external audit,provides more opportunity for participants to understand how their jobs,departments and divisions fit into the whole organization.

Accepted Answer

A) True 
 B)False

Question 3

Financial ratio analysis rarely has to go beyond the actual calculation and interpretation of ratios.

Accepted Answer

A) True 
 B)False

Question 4

Total assets turnover ratio is calculated by dividing sales by fixed assets.

Accepted Answer

A) True 
 B)False

Question 5

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 6

Distribution becomes especially important when a firm is striving to implement a product development or backward integration strategy.

Accepted Answer

A) True 
 B)False

Question 7

A ritual is a standardized,detailed set of techniques and behaviors used to manage anxieties.

Accepted Answer

A) True 
 B)False

Question 8

There are seven basic functions of marketing.List and define these functions.

Accepted Answer

The seven basic functions of marketing a

Question 9

The RBV theory asserts that it is advantageous for a firm to pursue a strategy that is not currently being implemented by any competing firm.

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

While interesting,organizational culture does not significantly affect business decisions.

Accepted Answer

A) True 
 B)False

Question 12

Discuss the five steps involved in performing an IFE Matrix.

Accepted Answer

The first step is to list ten to twenty

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

All of the following are key questions that can reveal internal strengths and weaknesses in the management department except:

Accepted Answer

A)  Is the organization's structure appropriate? 
B)  Are reward and control mechanisms effective? 
C)  Are the organization's products positioned well among competing products? 
D)  Does the firm use strategic management concepts? 
E)  Do managers delegate authority well? 
A)  Is the organization's structure appropriate? 
B)  Are reward and control mechanisms effective? 
C)  Are the organization's products positioned well among competing products? 
D)  Does the firm use strategic management concepts? 
E)  Do managers delegate authority well?

Question 15

________ can reveal the demographic characteristics of an organization's customers.

Accepted Answer

A)  Customer profiling 
B)  Test marketing 
C)  Market development 
D)  The vision statement 
E)  Telemarketing 
A)  Customer profiling 
B)  Test marketing 
C)  Market development 
D)  The vision statement 
E)  Telemarketing

Question 16

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 17

________,perhaps the most important word in management,is a major component in motivation.

Accepted Answer

A)  Forecasting 
B)  Organizational structure 
C)  Recruiting 
D)  Management development 
E)  Communication 
A)  Forecasting 
B)  Organizational structure 
C)  Recruiting 
D)  Management development 
E)  Communication

Question 18

The first step in the controlling function of management is to

Accepted Answer

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

Question 19

The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called

Accepted Answer

A)  the resource-based approach. 
B)  value chain analysis. 
C)  strategic cost analysis. 
D)  the internal factor evaluation matrix. 
E)  cost-benefit analysis. 
A)  the resource-based approach. 
B)  value chain analysis. 
C)  strategic cost analysis. 
D)  the internal factor evaluation matrix. 
E)  cost-benefit analysis.

Question 20

Staffing involves all of these activities except:

Accepted Answer

A)  recruiting. 
B)  transferring. 
C)  customer analysis. 
D)  managing union relations. 
E)  training and developing. 
A)  recruiting. 
B)  transferring. 
C)  customer analysis. 
D)  managing union relations. 
E)  training and developing.

Opportunity analysis is one of the basic functions of

The process of performing an internal audit,compared to the external audit,provides more opportunity for participants to understand how their jobs,departments and divisions fit into the whole organization.

Financial ratio analysis rarely has to go beyond the actual calculation and interpretation of ratios.

Total assets turnover ratio is calculated by dividing sales by fixed assets.

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.

Distribution becomes especially important when a firm is striving to implement a product development or backward integration strategy.

A ritual is a standardized,detailed set of techniques and behaviors used to manage anxieties.

There are seven basic functions of marketing.List and define these functions.

The RBV theory asserts that it is advantageous for a firm to pursue a strategy that is not currently being implemented by any competing firm.

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

While interesting,organizational culture does not significantly affect business decisions.

Discuss the five steps involved in performing an IFE Matrix.

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

All of the following are key questions that can reveal internal strengths and weaknesses in the management department except:

________ can reveal the demographic characteristics of an organization's customers.

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

________,perhaps the most important word in management,is a major component in motivation.

The first step in the controlling function of management is to

The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called

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/Environmental Sustainability

Global/International Issues

Filters

Exam 4: The Internal Assessment

Opportunity analysis is one of the basic functions of

The process of performing an internal audit,compared to the external audit,provides more opportunity for participants to understand how their jobs,departments and divisions fit into the whole organization.

Financial ratio analysis rarely has to go beyond the actual calculation and interpretation of ratios.

Total assets turnover ratio is calculated by dividing sales by fixed assets.

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.

Distribution becomes especially important when a firm is striving to implement a product development or backward integration strategy.

A ritual is a standardized,detailed set of techniques and behaviors used to manage anxieties.

There are seven basic functions of marketing.List and define these functions.

The RBV theory asserts that it is advantageous for a firm to pursue a strategy that is not currently being implemented by any competing firm.

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

While interesting,organizational culture does not significantly affect business decisions.

Discuss the five steps involved in performing an IFE Matrix.

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

All of the following are key questions that can reveal internal strengths and weaknesses in the management department except:

________ can reveal the demographic characteristics of an organization's customers.

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

________,perhaps the most important word in management,is a major component in motivation.

The first step in the controlling function of management is to

The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called

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/Environmental Sustainability

Global/International Issues

Filters