Question 1

One of the five competitive forces is the power of customers to affect pricing and reduce profit margins.

Accepted Answer

A) True 
 B)False

Question 2

McDonald's states that it would like "to satisfy the world's appetite for good food, well-served, at a price people can afford." The preceding reflects McDonald's

Accepted Answer

A)  cost-leadership strategy. 
B)  mission. 
C)  annual goal statement. 
D)  advertising campaign. 
A)  cost-leadership strategy. 
B)  mission. 
C)  annual goal statement. 
D)  advertising campaign.

Question 3

An MBO program involves people setting many objectives for themselves.

Accepted Answer

A) True 
 B)False

Question 4

Write a memo to managers in your company, explaining an MBO program that your company intends to implement.

Accepted Answer

An MBO program involves sequential steps

Question 5

A contingency plan is implemented if the

Accepted Answer

A)  strategic plan is too modest. 
B)  control processes do not work. 
C)  original plan cannot be implemented. 
D)  action plan succeeds. 
A)  strategic plan is too modest. 
B)  control processes do not work. 
C)  original plan cannot be implemented. 
D)  action plan succeeds.

Question 6

Assume that Motorola developed a cell and camera phone so small it comes with a strap to wear on the wrist like a watch. Which strategy does this product launch most likely fit?

Accepted Answer

A)  cost leadership 
B)  product differentiation 
C)  focus 
D)  high speed 
A)  cost leadership 
B)  product differentiation 
C)  focus 
D)  high speed

Question 7

Corporate-level strategy helps answer the question, "Which businesses should we enter?"

Accepted Answer

A) True 
 B)False

Question 8

Nike and Apple get together to produce a soccer ball that plays tunes when in motion, illustrating a functional-level business strategy.

Accepted Answer

A) True 
 B)False

Question 9

Several laptops were stolen from an office by a group of people pretending to be part of the cleaning company. Every laptop stolen contained sensitive client data. After the theft, all clients had to be notified that their personal information may have been compromised. The breach of security prompted 25 percent of the company's clients to close their accounts.
1. What are policies and rules?
2. Could policies and rules have prevented this situation? Explain

Accepted Answer

1. Policies are general guidelines to fo

Question 10

One of the competitive forces identified by Michael Porter is the power of charities to extract money from a corporation.

Accepted Answer

A) True 
 B)False

Question 11

Firms must constantly change in order to be aligned with their key environments.

Accepted Answer

A) True 
 B)False

Question 12

Management by objectives (MBO) includes

Accepted Answer

A)  reviewing group members' proposals. 
B)  creating action plans to achieve objectives. 
C)  establishing unit objectives. 
D)  all of the choices. 
A)  reviewing group members' proposals. 
B)  creating action plans to achieve objectives. 
C)  establishing unit objectives. 
D)  all of the choices.

Question 13

The purpose of a SWOT analysis is to assess

Accepted Answer

A)  strengths, weaknesses, opportunities, and threats. 
B)  strategy, weaknesses, options, and time. 
C)  satisfactions, worst options, and trade-offs. 
D)  successes, winners, and ominous threats. 
A)  strengths, weaknesses, opportunities, and threats. 
B)  strategy, weaknesses, options, and time. 
C)  satisfactions, worst options, and trade-offs. 
D)  successes, winners, and ominous threats.

Question 14

The firm's purpose and where it fits into the world is identified by the

Accepted Answer

A)  strategy. 
B)  policy. 
C)  mission. 
D)  objective. 
A)  strategy. 
B)  policy. 
C)  mission. 
D)  objective.

Question 15

The first step in the planning process is defining the present situation.

Accepted Answer

A) True 
 B)False

Question 16

Part of Domino's Pizza's original success was based on getting pizzas delivered more quickly than competitors. This strategy is called

Accepted Answer

A)  strategic planning 
B)  cost leadership 
C)  focus. 
D)  high speed 
A)  strategic planning 
B)  cost leadership 
C)  focus. 
D)  high speed

Question 17

Operational planning often focuses on the short term.

Accepted Answer

A) True 
 B)False

Question 18

Krispy Kreme donuts, a well-known donut retailer (but much smaller than Dunkin Donuts), most likely emphasizes which one of the following business strategies?

Accepted Answer

A)  cost leadership 
B)  product differentiation 
C)  strategic alliances 
D)  high speed 
A)  cost leadership 
B)  product differentiation 
C)  strategic alliances 
D)  high speed

Question 19

The purpose of the strategic inventory is to help the manager

Accepted Answer

A)  size up the environment accurately. 
B)  determine how much inventory is on hand. 
C)  involve workers at all levels in formulating strategy. 
D)  develop operating plans. 
A)  size up the environment accurately. 
B)  determine how much inventory is on hand. 
C)  involve workers at all levels in formulating strategy. 
D)  develop operating plans.

Question 20

Save-A-Lot has become one of the most successful grocery chains by serving the poor and offering low prices. This is an example of

Accepted Answer

A)  focus strategy. 
B)  premium pricing. 
C)  product differentiation 
D)  cost leadership 
A)  focus strategy. 
B)  premium pricing. 
C)  product differentiation 
D)  cost leadership

One of the five competitive forces is the power of customers to affect pricing and reduce profit margins.

McDonald's states that it would like "to satisfy the world's appetite for good food, well-served, at a price people can afford." The preceding reflects McDonald's

An MBO program involves people setting many objectives for themselves.

Write a memo to managers in your company, explaining an MBO program that your company intends to implement.

A contingency plan is implemented if the

Assume that Motorola developed a cell and camera phone so small it comes with a strap to wear on the wrist like a watch. Which strategy does this product launch most likely fit?

Corporate-level strategy helps answer the question, "Which businesses should we enter?"

Nike and Apple get together to produce a soccer ball that plays tunes when in motion, illustrating a functional-level business strategy.

One of the competitive forces identified by Michael Porter is the power of charities to extract money from a corporation.

Firms must constantly change in order to be aligned with their key environments.

Management by objectives (MBO) includes

The purpose of a SWOT analysis is to assess

The firm's purpose and where it fits into the world is identified by the

The first step in the planning process is defining the present situation.

Part of Domino's Pizza's original success was based on getting pizzas delivered more quickly than competitors. This strategy is called

Operational planning often focuses on the short term.

Krispy Kreme donuts, a well-known donut retailer (but much smaller than Dunkin Donuts), most likely emphasizes which one of the following business strategies?

The purpose of the strategic inventory is to help the manager

Save-A-Lot has become one of the most successful grocery chains by serving the poor and offering low prices. This is an example of

The Managers Job

International Management and Cultural Diversity

Ethics and Social Responsibility

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters

Exam 4: Essentials of Planning

One of the five competitive forces is the power of customers to affect pricing and reduce profit margins.

McDonald's states that it would like "to satisfy the world's appetite for good food, well-served, at a price people can afford." The preceding reflects McDonald's

An MBO program involves people setting many objectives for themselves.

Write a memo to managers in your company, explaining an MBO program that your company intends to implement.

A contingency plan is implemented if the

Assume that Motorola developed a cell and camera phone so small it comes with a strap to wear on the wrist like a watch. Which strategy does this product launch most likely fit?

Corporate-level strategy helps answer the question, "Which businesses should we enter?"

Nike and Apple get together to produce a soccer ball that plays tunes when in motion, illustrating a functional-level business strategy.

One of the competitive forces identified by Michael Porter is the power of charities to extract money from a corporation.

Firms must constantly change in order to be aligned with their key environments.

Management by objectives (MBO) includes

The purpose of a SWOT analysis is to assess

The firm's purpose and where it fits into the world is identified by the

The first step in the planning process is defining the present situation.

Part of Domino's Pizza's original success was based on getting pizzas delivered more quickly than competitors. This strategy is called

Operational planning often focuses on the short term.

Krispy Kreme donuts, a well-known donut retailer (but much smaller than Dunkin Donuts), most likely emphasizes which one of the following business strategies?

The purpose of the strategic inventory is to help the manager

Save-A-Lot has become one of the most successful grocery chains by serving the poor and offering low prices. This is an example of

The Managers Job

International Management and Cultural Diversity

Ethics and Social Responsibility

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters