Question 1

In most industries, the major costs of producing a product or service are incurred within

Accepted Answer

A)  marketing. 
B)  management. 
C)  research and development. 
D)  operations. 
E)  management information systems. 
A)  marketing. 
B)  management. 
C)  research and development. 
D)  operations. 
E)  management information systems.

Question 2

Which ratio would be considered an activity ratio?

Accepted Answer

A)  Debt-to-equity 
B)  Net profit margin 
C)  Average collection period 
D)  Earnings per share 
E)  Current ratio 
A)  Debt-to-equity 
B)  Net profit margin 
C)  Average collection period 
D)  Earnings per share 
E)  Current ratio

Question 3

The heart of an information system is a database containing the kinds of records and data important to managers.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function.

Accepted Answer

The three basic functions of finance, ac

Question 6

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

Accepted Answer

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

Question 7

Selling includes all of these marketing activities EXCEPT

Accepted Answer

A)  advertising 
B)  dealer relations 
C)  customer analysis 
D)  publicity 
E)  sales promotion 
A)  advertising 
B)  dealer relations 
C)  customer analysis 
D)  publicity 
E)  sales promotion

Question 8

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 9

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Accepted Answer

A) True 
 B)False

Question 10

Established companies are coming to realize that their next generation of potential customers spends more time online than watching TV.

Accepted Answer

A) True 
 B)False

Question 11

A standardized set of behaviors used to manage anxieties is called a

Accepted Answer

A)  folktale. 
B)  rite. 
C)  metaphor. 
D)  ritual. 
E)  value. 
A)  folktale. 
B)  rite. 
C)  metaphor. 
D)  ritual. 
E)  value.

Question 12

Motivation is one explanation why some people work hard and others do not.

Accepted Answer

A) True 
 B)False

Question 13

Benchmarking is an analytical tool used to determine whether a firm's value chain activities are competitive compared to rivals.

Accepted Answer

A) True 
 B)False

Question 14

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 15

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 16

Marketing research is the systematic gathering, recording and analyzing, of data about problems relating to the marketing of goods and services.

Accepted Answer

A) True 
 B)False

Question 17

The Internal Factor Evaluation Matrix should include from 10 to 20 internal factors.

Accepted Answer

A) True 
 B)False

Question 18

Metaphors are handed-down narratives of some wonderful event that are based on history but have been embellished with fictional detail.

Accepted Answer

A) True 
 B)False

Question 19

Most producers today sell their goods directly to consumers.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

In most industries, the major costs of producing a product or service are incurred within

Which ratio would be considered an activity ratio?

The heart of an information system is a database containing the kinds of records and data important to managers.

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

According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function.

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

Selling includes all of these marketing activities EXCEPT

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.

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Established companies are coming to realize that their next generation of potential customers spends more time online than watching TV.

A standardized set of behaviors used to manage anxieties is called a

Motivation is one explanation why some people work hard and others do not.

Benchmarking is an analytical tool used to determine whether a firm's value chain activities are competitive compared to rivals.

Organizational resources include all of the following EXCEPT

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

Marketing research is the systematic gathering, recording and analyzing, of data about problems relating to the marketing of goods and services.

The Internal Factor Evaluation Matrix should include from 10 to 20 internal factors.

Metaphors are handed-down narratives of some wonderful event that are based on history but have been embellished with fictional detail.

Most producers today sell their goods directly to consumers.

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

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

In most industries, the major costs of producing a product or service are incurred within

Which ratio would be considered an activity ratio?

The heart of an information system is a database containing the kinds of records and data important to managers.

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

According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function.

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

Selling includes all of these marketing activities EXCEPT

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.

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Established companies are coming to realize that their next generation of potential customers spends more time online than watching TV.

A standardized set of behaviors used to manage anxieties is called a

Motivation is one explanation why some people work hard and others do not.

Benchmarking is an analytical tool used to determine whether a firm's value chain activities are competitive compared to rivals.

Organizational resources include all of the following EXCEPT

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

Marketing research is the systematic gathering, recording and analyzing, of data about problems relating to the marketing of goods and services.

The Internal Factor Evaluation Matrix should include from 10 to 20 internal factors.

Metaphors are handed-down narratives of some wonderful event that are based on history but have been embellished with fictional detail.

Most producers today sell their goods directly to consumers.

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

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