Question 1

When Dell Computer's customers use the Internet to design their own computers, this demonstrates which manufacturing strategy?

Accepted Answer

A) continuous improvement 
B) mass production 
C) job shop 
D) mass customization 
E) just-in-time 
A) continuous improvement 
B) mass production 
C) job shop 
D) mass customization 
E) just-in-time D

Question 2

All of the following are benefits for a company to raising its debt levels EXCEPT

Accepted Answer

A) deterrent to takeover by other firms. 
B) improvement in productivity. 
C) improvement in cash flows. 
D) force management to focus on core businesses. 
E) increase in shareholder value. 
A) deterrent to takeover by other firms. 
B) improvement in productivity. 
C) improvement in cash flows. 
D) force management to focus on core businesses. 
E) increase in shareholder value. E

Question 3

Equity financing is preferred for related diversification while debt financing is preferred for unrelated diversification.

Accepted Answer

A) True 
 B)False  True

Question 4

Leveraged buyouts are also referred to as

Accepted Answer

A) leveraged bargains. 
B) management buyouts. 
C) management bargains. 
D) coordinated buyouts. 
E) debt buyouts. 
A) leveraged bargains. 
B) management buyouts. 
C) management bargains. 
D) coordinated buyouts. 
E) debt buyouts.

Question 5

In a dynamic environment, using consensus to arrive at a strategic decision is not recommended.Why? What two techniques can strategic managers use to avoid the consensus trap?

Accepted Answer

The best decisions actually involve a ce

Question 6

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

Accepted Answer

A) True 
 B)False

Question 7

What does a financial strategy examine?

Accepted Answer

A financial strategy examines the financ

Question 8

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

Accepted Answer

A) True 
 B)False

Question 9

Discuss W.Edward Deming's position on sole sourcing.

Accepted Answer

W.Edward Deming strongly recommended sol

Question 10

The most commonly used political strategies include which of the following?

Accepted Answer

A) constituency building 
B) political action committee contributions 
C) advocacy advertising 
D) lobbying 
E) all of the above 
A) constituency building 
B) political action committee contributions 
C) advocacy advertising 
D) lobbying 
E) all of the above

Question 11

According to the text, unanimous agreement is NOT the best way to determine the merits of a proposed alternative strategy.To avoid this consensus trap, which technique involves presenting two conflicting views (the thesis and the antithesis)presented in a debate format?

Accepted Answer

A) devil's advocate 
B) Sloan's judgment 
C) sales presentation 
D) dialectical inquiry 
E) scenario construction 
A) devil's advocate 
B) Sloan's judgment 
C) sales presentation 
D) dialectical inquiry 
E) scenario construction

Question 12

A new approach to evaluating alternatives under conditions of high environmental uncertainty that proposes it pays to have a broad range of options open is the

Accepted Answer

A) net present value. 
B) real options approach. 
C) stakeholder priority matrix. 
D) risk assessment approach. 
E) hurdle rate approach. 
A) net present value. 
B) real options approach. 
C) stakeholder priority matrix. 
D) risk assessment approach. 
E) hurdle rate approach.

Question 13

Chevron uses the real-options approach for bidding on petroleum reserves.

Accepted Answer

A) True 
 B)False

Question 14

The attractiveness of a strategic alternative is seldom affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

Accepted Answer

A) True 
 B)False

Question 15

The importance of sole sourcing was supported by Michael Porter to obtain high supplier quality.

Accepted Answer

A) True 
 B)False

Question 16

A recent trend in information systems strategy is

Accepted Answer

A) computerizing accounting. 
B) automating customer service. 
C) practicing follow-the-sun management. 
D) replacing Fortran with Cobol in order to boost productivity. 
E) replacing mainframe computers with robots. 
A) computerizing accounting. 
B) automating customer service. 
C) practicing follow-the-sun management. 
D) replacing Fortran with Cobol in order to boost productivity. 
E) replacing mainframe computers with robots.

Question 17

A company which imitates the products of competitors is referred to as a(n)

Accepted Answer

A) technological follower. 
B) technological opportunist. 
C) technological leader. 
D) technological manufacturer. 
E) technological entrepreneur. 
A) technological follower. 
B) technological opportunist. 
C) technological leader. 
D) technological manufacturer. 
E) technological entrepreneur.

Question 18

Research indicates that the use of work teams leads to increased quality and productivity as well as higher employee satisfaction and commitment.

Accepted Answer

A) True 
 B)False

Question 19

A company which keeps up by imitating a leading company's strategy while ignoring its own strengths and weaknesses is an example of which strategy to avoid?

Accepted Answer

A) follow the leader 
B) hit another home run 
C) arms race 
D) do everything 
E) losing hand 
A) follow the leader 
B) hit another home run 
C) arms race 
D) do everything 
E) losing hand

Question 20

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

Accepted Answer

Outsourcing is purchasing from someone e

When Dell Computer's customers use the Internet to design their own computers, this demonstrates which manufacturing strategy?

All of the following are benefits for a company to raising its debt levels EXCEPT

Equity financing is preferred for related diversification while debt financing is preferred for unrelated diversification.

Leveraged buyouts are also referred to as

In a dynamic environment, using consensus to arrive at a strategic decision is not recommended.Why? What two techniques can strategic managers use to avoid the consensus trap?

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

What does a financial strategy examine?

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

Discuss W.Edward Deming's position on sole sourcing.

The most commonly used political strategies include which of the following?

According to the text, unanimous agreement is NOT the best way to determine the merits of a proposed alternative strategy.To avoid this consensus trap, which technique involves presenting two conflicting views (the thesis and the antithesis)presented in a debate format?

A new approach to evaluating alternatives under conditions of high environmental uncertainty that proposes it pays to have a broad range of options open is the

Chevron uses the real-options approach for bidding on petroleum reserves.

The attractiveness of a strategic alternative is seldom affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

The importance of sole sourcing was supported by Michael Porter to obtain high supplier quality.

A recent trend in information systems strategy is

A company which imitates the products of competitors is referred to as a(n)

Research indicates that the use of work teams leads to increased quality and productivity as well as higher employee satisfaction and commitment.

A company which keeps up by imitating a leading company's strategy while ignoring its own strengths and weaknesses is an example of which strategy to avoid?

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

When Dell Computer's customers use the Internet to design their own computers, this demonstrates which manufacturing strategy?

All of the following are benefits for a company to raising its debt levels EXCEPT

Equity financing is preferred for related diversification while debt financing is preferred for unrelated diversification.

Leveraged buyouts are also referred to as

In a dynamic environment, using consensus to arrive at a strategic decision is not recommended.Why? What two techniques can strategic managers use to avoid the consensus trap?

A financial strategy examines the financial implications of corporate and business-level strategic options and identifies the best financial course of action.

What does a financial strategy examine?

An operations strategy determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers.

Discuss W.Edward Deming's position on sole sourcing.

The most commonly used political strategies include which of the following?

According to the text, unanimous agreement is NOT the best way to determine the merits of a proposed alternative strategy.To avoid this consensus trap, which technique involves presenting two conflicting views (the thesis and the antithesis)presented in a debate format?

A new approach to evaluating alternatives under conditions of high environmental uncertainty that proposes it pays to have a broad range of options open is the

Chevron uses the real-options approach for bidding on petroleum reserves.

The attractiveness of a strategic alternative is seldom affected by its perceived compatibility with the key stakeholders in a corporation's task environment.

The importance of sole sourcing was supported by Michael Porter to obtain high supplier quality.

A recent trend in information systems strategy is

A company which imitates the products of competitors is referred to as a(n)

Research indicates that the use of work teams leads to increased quality and productivity as well as higher employee satisfaction and commitment.

A company which keeps up by imitating a leading company's strategy while ignoring its own strengths and weaknesses is an example of which strategy to avoid?

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters