Question 1

Which of the following best describes a simple structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions.

Question 2

What are the two distinct attributes of corporate culture?

Accepted Answer

A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change 
A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change

Question 3

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

Accepted Answer

A)  return of investment. 
B)  net present value. 
C)  cost reduction. 
D)  total operating expenses. 
E)  time spent during technology implementation. 
A)  return of investment. 
B)  net present value. 
C)  cost reduction. 
D)  total operating expenses. 
E)  time spent during technology implementation.

Question 4

An automobile assembly line is an example of which approach to manufacturing?

Accepted Answer

A)  continuous system 
B)  debt capacity 
C)  sequential processing 
D)  job shop 
E)  intermittent system 
A)  continuous system 
B)  debt capacity 
C)  sequential processing 
D)  job shop 
E)  intermittent system

Question 5

The ability of competitors to use duplicated resources and capabilities to imitate the other firm's success is called

Accepted Answer

A)  imitability. 
B)  durability. 
C)  transferability. 
D)  transparency. 
E)  replicability. 
A)  imitability. 
B)  durability. 
C)  transferability. 
D)  transparency. 
E)  replicability.

Question 6

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

Accepted Answer

A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering. 
A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering.

Question 7

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Accepted Answer

A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage. 
A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage.

Question 8

Which of the following is NOT a function of corporate culture?

Accepted Answer

A)  conveys a sense of identity for employees 
B)  adds to the stability of the organization as a social system 
C)  helps generate employee commitment to something greater than themselves 
D)  keeps people guessing about what to do next 
E)  serves as a frame of reference for employees to use as a guide for appropriate behavior 
A)  conveys a sense of identity for employees 
B)  adds to the stability of the organization as a social system 
C)  helps generate employee commitment to something greater than themselves 
D)  keeps people guessing about what to do next 
E)  serves as a frame of reference for employees to use as a guide for appropriate behavior

Question 9

An example of the promotion variable of the marketing mix is

Accepted Answer

A)  advertising. 
B)  discounts. 
C)  location. 
D)  services. 
E)  quality. 
A)  advertising. 
B)  discounts. 
C)  location. 
D)  services. 
E)  quality.

Question 10

Continuous manufacturing systems reap benefits from economies of scale.

Accepted Answer

A) True 
 B)False

Question 11

Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.

Accepted Answer

Two characteristics determine the sustai

Question 12

A good rule of thumb for R&D spending is that a corporation should spend at a "normal" rate for that particular industry unless its strategic plan calls for unusual expenditures.

Accepted Answer

A) True 
 B)False

Question 13

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

Accepted Answer

A) True 
 B)False

Question 14

A value chain is a linked set of value-creating activities.

Accepted Answer

A) True 
 B)False

Question 15

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

Accepted Answer

A) True 
 B)False

Question 16

Human resource departments have found that to reduce employee dissatisfaction and unionization efforts, they must

Accepted Answer

A)  significantly increase their wage rates. 
B)  shorten the work week to allow for more leisure time. 
C)  offer a wider variety of benefits and attractive enticements. 
D)  guarantee their workers lifetime jobs. 
E)  consider the quality of work life in the design of jobs. 
A)  significantly increase their wage rates. 
B)  shorten the work week to allow for more leisure time. 
C)  offer a wider variety of benefits and attractive enticements. 
D)  guarantee their workers lifetime jobs. 
E)  consider the quality of work life in the design of jobs.

Question 17

Which one of the following best describes a conglomerate structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries; unrelatedness prevents any attempt at gaining synergy among the divisions. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries; unrelatedness prevents any attempt at gaining synergy among the divisions.

Question 18

The resources of an organization include tangible assets, human assets, and intangible assets.

Accepted Answer

A) True 
 B)False

Question 19

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

Accepted Answer

A) True 
 B)False

Question 20

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

Accepted Answer

A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue. 
A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue.

Which of the following best describes a simple structure?

What are the two distinct attributes of corporate culture?

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

An automobile assembly line is an example of which approach to manufacturing?

The ability of competitors to use duplicated resources and capabilities to imitate the other firm's success is called

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Which of the following is NOT a function of corporate culture?

An example of the promotion variable of the marketing mix is

Continuous manufacturing systems reap benefits from economies of scale.

Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.

A good rule of thumb for R&D spending is that a corporation should spend at a "normal" rate for that particular industry unless its strategic plan calls for unusual expenditures.

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

A value chain is a linked set of value-creating activities.

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

Human resource departments have found that to reduce employee dissatisfaction and unionization efforts, they must

Which one of the following best describes a conglomerate structure?

The resources of an organization include tangible assets, human assets, and intangible assets.

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

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Exam 5: Internal Scanning and Organizational Analysis

Which of the following best describes a simple structure?

What are the two distinct attributes of corporate culture?

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

An automobile assembly line is an example of which approach to manufacturing?

The ability of competitors to use duplicated resources and capabilities to imitate the other firm's success is called

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Which of the following is NOT a function of corporate culture?

An example of the promotion variable of the marketing mix is

Continuous manufacturing systems reap benefits from economies of scale.

Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.

A good rule of thumb for R&D spending is that a corporation should spend at a "normal" rate for that particular industry unless its strategic plan calls for unusual expenditures.

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

A value chain is a linked set of value-creating activities.

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

Human resource departments have found that to reduce employee dissatisfaction and unionization efforts, they must

Which one of the following best describes a conglomerate structure?

The resources of an organization include tangible assets, human assets, and intangible assets.

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters