Question 1

Objectives provide direction and allow for organizational synergy.

Accepted Answer

A) True 
 B)False

Question 2

Financial ratios are not applicable to nonprofit organizations.

Accepted Answer

A) True 
 B)False

Question 3

According to Roger Schroeder, which basic function within production/operations deals with aggregate planning and scheduling?

Accepted Answer

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

Question 4

Which function of management is concerned with span of control and chain of command?

Accepted Answer

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

Question 5

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 6

________, 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 7

The total assets turnover ratio is calculated by dividing sales by fixed assets.

Accepted Answer

A) True 
 B)False

Question 8

What category of ratios measures a firm's ability to meet maturing short-term obligations?

Accepted Answer

A)  Profitability 
B)  Liquidity 
C)  Leverage 
D)  Activity 
E)  Growth 
A)  Profitability 
B)  Liquidity 
C)  Leverage 
D)  Activity 
E)  Growth

Question 9

Organizing is the cornerstone of effective strategy formulation.

Accepted Answer

A) True 
 B)False

Question 10

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 11

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

________ 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)  Information systems 
A)  Marketing 
B)  Financial 
C)  Research and development 
D)  Production/operations 
E)  Information systems

Question 14

The ________ decision is the allocation and reallocation of capital and resources to projects, products, assets, and divisions of an organization.

Accepted Answer

A)  investment 
B)  dividend 
C)  financing 
D)  restructuring 
E)  benchmark 
A)  investment 
B)  dividend 
C)  financing 
D)  restructuring 
E)  benchmark

Question 15

One aspect of ads in a recession is that they generally take more direct aim at competitors.

Accepted Answer

A) True 
 B)False

Question 16

Total advertising expenditures in the U.S. in 2011 is expected to be down 2.5 percent from the prior year.

Accepted Answer

A) True 
 B)False

Question 17

A firm's strengths that cannot be easily matched or imitated by competitors are called

Accepted Answer

A)  internal audits. 
B)  distinctive competencies. 
C)  external audits. 
D)  interrelated properties. 
E)  internal properties. 
A)  internal audits. 
B)  distinctive competencies. 
C)  external audits. 
D)  interrelated properties. 
E)  internal properties.

Question 18

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 19

Dividend decisions concern issues such as the percentage of earnings paid to stockholders, the stability of dividends paid over time, and the repurchase or issuance of stock.

Accepted Answer

A) True 
 B)False

Question 20

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

Accepted Answer

A) True 
 B)False

Objectives provide direction and allow for organizational synergy.

Financial ratios are not applicable to nonprofit organizations.

According to Roger Schroeder, which basic function within production/operations deals with aggregate planning and scheduling?

Which function of management is concerned with span of control and chain of command?

The initial step to implementing value chain analysis is

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

The total assets turnover ratio is calculated by dividing sales by fixed assets.

What category of ratios measures a firm's ability to meet maturing short-term obligations?

Organizing is the cornerstone of effective strategy formulation.

The IFE Matrix should be ________ in multidivisional firms.

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

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

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

The ________ decision is the allocation and reallocation of capital and resources to projects, products, assets, and divisions of an organization.

One aspect of ads in a recession is that they generally take more direct aim at competitors.

Total advertising expenditures in the U.S. in 2011 is expected to be down 2.5 percent from the prior year.

A firm's strengths that cannot be easily matched or imitated by competitors are called

Opportunity analysis is one of the basic functions of

Dividend decisions concern issues such as the percentage of earnings paid to stockholders, the stability of dividends paid over time, and the repurchase or issuance of stock.

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

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

Objectives provide direction and allow for organizational synergy.

Financial ratios are not applicable to nonprofit organizations.

According to Roger Schroeder, which basic function within production/operations deals with aggregate planning and scheduling?

Which function of management is concerned with span of control and chain of command?

The initial step to implementing value chain analysis is

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

The total assets turnover ratio is calculated by dividing sales by fixed assets.

What category of ratios measures a firm's ability to meet maturing short-term obligations?

Organizing is the cornerstone of effective strategy formulation.

The IFE Matrix should be ________ in multidivisional firms.

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

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

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

The ________ decision is the allocation and reallocation of capital and resources to projects, products, assets, and divisions of an organization.

One aspect of ads in a recession is that they generally take more direct aim at competitors.

Total advertising expenditures in the U.S. in 2011 is expected to be down 2.5 percent from the prior year.

A firm's strengths that cannot be easily matched or imitated by competitors are called

Opportunity analysis is one of the basic functions of

Dividend decisions concern issues such as the percentage of earnings paid to stockholders, the stability of dividends paid over time, and the repurchase or issuance of stock.

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

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