Question 1

What is the term for a historical narrative describing the unique accomplishments of a group and its leaders?

Accepted Answer

A)  Rite 
B)  Saga 
C)  Story 
D)  Myth 
E)  Folktale 
A)  Rite 
B)  Saga 
C)  Story 
D)  Myth 
E)  Folktale

Question 2

________ become(s) ________ only when evaluated, filtered, condensed, analyzed, and organized for a specific purpose, problem, individual, or time.

Accepted Answer

A)  Information; data 
B)  Information; material 
C)  Data; information 
D)  Data; competitive advantages 
E)  Competitive advantages; material 
A)  Information; data 
B)  Information; material 
C)  Data; information 
D)  Data; competitive advantages 
E)  Competitive advantages; material

Question 3

Which of the following is the process of influencing people to accomplish specific objectives?

Accepted Answer

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

Question 4

Activity ratios measure how effectively a firm is using its resources.

Accepted Answer

A) True 
 B)False

Question 5

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 6

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 7

The Robinson-Patman Act affects a company's

Accepted Answer

A)  pricing. 
B)  product/service planning. 
C)  customer analysis. 
D)  marketing research. 
E)  distribution. 
A)  pricing. 
B)  product/service planning. 
C)  customer analysis. 
D)  marketing research. 
E)  distribution.

Question 8

Which of the following is the first step in developing an IFE Matrix?

Accepted Answer

A)  Determining the organization's structure 
B)  Summing the weighted scores for each variable 
C)  Identifying the organization's strengths and weaknesses 
D)  Identifying the organization's functions of business 
E)  Assigning a weight to each factor 
A)  Determining the organization's structure 
B)  Summing the weighted scores for each variable 
C)  Identifying the organization's strengths and weaknesses 
D)  Identifying the organization's functions of business 
E)  Assigning a weight to each factor

Question 9

Value chain analysis can enable a firm to better identify its own strengths and weaknesses especially as compared to competitors' value chain analyses.

Accepted Answer

A) True 
 B)False

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

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 12

A cost/benefit analysis is an appraisal of the costs, benefits, and risks associated with marketing decisions.

Accepted Answer

A) True 
 B)False

Question 13

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 14

One aspect of ads in a recession is that they

Accepted Answer

A)  take more direct aim at competitors. 
B)  do not mention competitors. 
C)  allude to competitors in a positive light. 
D)  are less combative. 
E)  none of the above 
A)  take more direct aim at competitors. 
B)  do not mention competitors. 
C)  allude to competitors in a positive light. 
D)  are less combative. 
E)  none of the above

Question 15

________ 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 16

Four common approaches to determine R&D budget allocations are: 1) finance as many project proposals as possible; 2) use a percentage-of-sales method; 3) budget for R&D about what competitors spend; or 4) decide how many successful new products are needed and work backwards to estimate the required R&D investment.

Accepted Answer

A) True 
 B)False

Question 17

Any object, act, event, quality, or relation used to convey meaning is known as a

Accepted Answer

A)  myth. 
B)  rite. 
C)  value. 
D)  symbol. 
E)  metaphor. 
A)  myth. 
B)  rite. 
C)  value. 
D)  symbol. 
E)  metaphor.

Question 18

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

Accepted Answer

The resource-based view (RBV) approach t

Question 19

A form of customer analysis is administering customer surveys.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

What is the term for a historical narrative describing the unique accomplishments of a group and its leaders?

become(s) only when evaluated, filtered, condensed, analyzed, and organized for a specific purpose, problem, individual, or time.

Which of the following is the process of influencing people to accomplish specific objectives?

Activity ratios measure how effectively a firm is using its resources.

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.

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

The Robinson-Patman Act affects a company's

Which of the following is the first step in developing an IFE Matrix?

Value chain analysis can enable a firm to better identify its own strengths and weaknesses especially as compared to competitors' value chain analyses.

All of the following are basic duties of management EXCEPT

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.

A cost/benefit analysis is an appraisal of the costs, benefits, and risks associated with marketing decisions.

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

One aspect of ads in a recession is that they

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

Any object, act, event, quality, or relation used to convey meaning is known as a

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

A form of customer analysis is administering customer surveys.

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

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters

Exam 4: The Internal Assessment

What is the term for a historical narrative describing the unique accomplishments of a group and its leaders?

________ become(s) ________ only when evaluated, filtered, condensed, analyzed, and organized for a specific purpose, problem, individual, or time.

Which of the following is the process of influencing people to accomplish specific objectives?

Activity ratios measure how effectively a firm is using its resources.

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.

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

The Robinson-Patman Act affects a company's

Which of the following is the first step in developing an IFE Matrix?

Value chain analysis can enable a firm to better identify its own strengths and weaknesses especially as compared to competitors' value chain analyses.

All of the following are basic duties of management EXCEPT

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.

A cost/benefit analysis is an appraisal of the costs, benefits, and risks associated with marketing decisions.

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

One aspect of ads in a recession is that they

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

Any object, act, event, quality, or relation used to convey meaning is known as a

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

A form of customer analysis is administering customer surveys.

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

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters

become(s) only when evaluated, filtered, condensed, analyzed, and organized for a specific purpose, problem, individual, or time.