Exam 4: The Internal Assessment

During the 2011 Super Bowl, a 30-second advertisement cost between $2.8 and $3 million.

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

Where is the largest seaport, in terms of ship container traffic processed annually?

The three all-encompassing internal resource categories used in the Resource-Based View are physical resources, human resources, and

Which function of management includes areas such as job design, job specification, job analysis, and unity of command?

What marketing function includes test marketing?

Discuss what needs to be completed, besides the calculation and interpretation of ratios, to complete an effective financial ratio analysis.

In most industries, only minor costs of producing a product or service are incurred within operations, so production/operations does not have great value as a competitive weapon in a company's overall strategy.

Identify the reasons dividends are sometimes paid out even when funds could be better reinvested in the business or when the firm has to tap outside sources to pay the dividends.

Resources that are common are never considered valuable.

Allocating resources is one of the five basic activities (functions) performed by managers.

Distribution includes

Honda Motor, long considered the industry's fastest producer, fills a buyer's new car order in just 5 days.

Define cultural products, and give six examples of them.

Empirical indicators are resources that are either rare, hard to imitate, or

The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture.

What category of ratios includes return on total assets and return on stockholders' equity?

The controlling function of management is especially important for effective strategy evaluation.

Which of the following were NOT mentioned as an example of cultural products?

The only certain thing about the future of any organization is change.