Question 1

S&P expects that more than 50 percent of S&P 500 firms will raise their dividend payout in 2011.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following does the text call an up-front investment in success?

Accepted Answer

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

Question 3

Although a useful step in the strategic management process, value chain analysis does little to help a firm monitor whether its prices and costs are competitive.

Accepted Answer

A) True 
 B)False

Question 4

According to Roger Schroeder, there are five basic functions or decision areas in production. Describe these five functions.

Accepted Answer

The five basic functions or decision are

Question 5

Which of the three finance/accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

Accepted Answer

A)  Investment 
B)  Dividend 
C)  Financing 
D)  Capital budgeting 
E)  Implementation 
A)  Investment 
B)  Dividend 
C)  Financing 
D)  Capital budgeting 
E)  Implementation

Question 6

Long-term objectives represent the results expected from pursuing certain strategies.

Accepted Answer

A) True 
 B)False

Question 7

Discuss the limitations of financial ratio analysis.

Accepted Answer

There are some limitations of financial

Question 8

Metaphors are

Accepted Answer

A)  several rites connected together. 
B)  shorthand of words used to capture a vision or to reinforce old or new values. 
C)  narratives based on true events. 
D)  fictional stories. 
E)  any objects, acts, events, qualities, or relations used to convey meaning. 
A)  several rites connected together. 
B)  shorthand of words used to capture a vision or to reinforce old or new values. 
C)  narratives based on true events. 
D)  fictional stories. 
E)  any objects, acts, events, qualities, or relations used to convey meaning.

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Test marketing is used more frequently by industrial companies than consumer goods companies.

Accepted Answer

A) True 
 B)False

Question 12

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Accepted Answer

A) True 
 B)False

Question 13

Planning should be performed mostly by middle management and then presented to top management for analysis and approval.

Accepted Answer

A) True 
 B)False

Question 14

The times-interest-earned ratio would be classified as a(n)

Accepted Answer

A)  activity ratio. 
B)  leverage ratio. 
C)  profitability ratio. 
D)  liquidity ratio. 
E)  growth ratio. 
A)  activity ratio. 
B)  leverage ratio. 
C)  profitability ratio. 
D)  liquidity ratio. 
E)  growth ratio.

Question 15

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 16

________ ties all business functions together and provides the basis for all managerial decisions.

Accepted Answer

A)  Management 
B)  Marketing 
C)  Information 
D)  Technology 
E)  Workforce 
A)  Management 
B)  Marketing 
C)  Information 
D)  Technology 
E)  Workforce

Question 17

Who does a planning horizon of two to five years apply to?

Accepted Answer

A)  Top-level management 
B)  General management 
C)  Middle-level management 
D)  Lower-level management 
E)  All levels of management 
A)  Top-level management 
B)  General management 
C)  Middle-level management 
D)  Lower-level management 
E)  All levels of management

Question 18

For a resource to be valuable, it must be either rare, hard to imitate, or not easily sustainable.

Accepted Answer

A) True 
 B)False

Question 19

Financial ratio analysis really should not go beyond the actual calculation and interpretation of ratios.

Accepted Answer

A) True 
 B)False

Question 20

The first step in the controlling function of management is to

Accepted Answer

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

S&P expects that more than 50 percent of S&P 500 firms will raise their dividend payout in 2011.

Which of the following does the text call an up-front investment in success?

Although a useful step in the strategic management process, value chain analysis does little to help a firm monitor whether its prices and costs are competitive.

According to Roger Schroeder, there are five basic functions or decision areas in production. Describe these five functions.

Which of the three finance/accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

Long-term objectives represent the results expected from pursuing certain strategies.

Discuss the limitations of financial ratio analysis.

Metaphors are

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

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

Test marketing is used more frequently by industrial companies than consumer goods companies.

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Planning should be performed mostly by middle management and then presented to top management for analysis and approval.

The times-interest-earned ratio would be classified as a(n)

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

________ ties all business functions together and provides the basis for all managerial decisions.

Who does a planning horizon of two to five years apply to?

For a resource to be valuable, it must be either rare, hard to imitate, or not easily sustainable.

Financial ratio analysis really should not go beyond the actual calculation and interpretation of ratios.

The first step in the controlling function of management is to

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

S&P expects that more than 50 percent of S&P 500 firms will raise their dividend payout in 2011.

Which of the following does the text call an up-front investment in success?

Although a useful step in the strategic management process, value chain analysis does little to help a firm monitor whether its prices and costs are competitive.

According to Roger Schroeder, there are five basic functions or decision areas in production. Describe these five functions.

Which of the three finance/accounting decisions concerns determining the best capital structure for the firm and includes examining various methods by which the firm can raise capital?

Long-term objectives represent the results expected from pursuing certain strategies.

Discuss the limitations of financial ratio analysis.

Metaphors are

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

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

Test marketing is used more frequently by industrial companies than consumer goods companies.

Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Planning should be performed mostly by middle management and then presented to top management for analysis and approval.

The times-interest-earned ratio would be classified as a(n)

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

________ ties all business functions together and provides the basis for all managerial decisions.

Who does a planning horizon of two to five years apply to?

For a resource to be valuable, it must be either rare, hard to imitate, or not easily sustainable.

Financial ratio analysis really should not go beyond the actual calculation and interpretation of ratios.

The first step in the controlling function of management is to

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