Question 1

The _________ strategy calls for staying with the present product line and markets and maintaining or increasing customers in new markets.

Accepted Answer

A) Analyzing 
B) Defending 
C) Marketing 
D) Prospecting 
A) Analyzing 
B) Defending 
C) Marketing 
D) Prospecting B

Question 2

Which of the following three are parts of a plan most used by manufacturing operations?

Accepted Answer

A) Programs,Rules,Budgets 
B) Policies,Procedures,Rules 
C) Procedures,Programs,Policies 
D) Budgets,Procedures,Programs 
A) Programs,Rules,Budgets 
B) Policies,Procedures,Rules 
C) Procedures,Programs,Policies 
D) Budgets,Procedures,Programs B

Question 3

In the assessment of the present strategy based on performance step,what indicators should one look at to have a complex comparison of performance?

Accepted Answer

A) market share 
B) net profit 
C) return on assets 
D) accounts receivable 
A) market share 
B) net profit 
C) return on assets 
D) accounts receivable D

Question 4

What is multi-tasking?

Accepted Answer

A) The practice or capability of handling more than one task at a time 
B) Asking for more work than you can handle 
C) Keeping track of your actives 
D) Planning for a variety of nonrecurring tasks 
A) The practice or capability of handling more than one task at a time 
B) Asking for more work than you can handle 
C) Keeping track of your actives 
D) Planning for a variety of nonrecurring tasks

Question 5

Concentration,backward and forward integration,and related and unrelated diversification are which type of strategy?

Accepted Answer

A) Growth strategy 
B) Grand strategy 
C) Combination strategy 
D) Turnaround strategy 
A) Growth strategy 
B) Grand strategy 
C) Combination strategy 
D) Turnaround strategy

Question 6

When measuring the power of buyers in a market,you are using a step in which analysis?

Accepted Answer

A) Competitive analysis 
B) SWOT analysis 
C) Company situation analysis 
D) Management analysis 
A) Competitive analysis 
B) SWOT analysis 
C) Company situation analysis 
D) Management analysis

Question 7

In the assessing competitive strength,one should compare the critical success factors for the business to those of each major competitor.

Accepted Answer

A) True 
 B)False

Question 8

Which type of Growth Strategy did Exxon and Mobil use when they decided to come together as one to form the company Exxon-Mobil?

Accepted Answer

A) Merger 
B) Acquisition 
C) Spinoff 
D) Diversification 
A) Merger 
B) Acquisition 
C) Spinoff 
D) Diversification

Question 9

Discuss at least two functions from the finance department.

Accepted Answer

(1)financing the business activities by

Question 10

Bennett has been so successful at his Fortune 500 company that he decides to start his own business.What does Bennett need to do first for his strategic planning process?

Accepted Answer

A) Developing the mission 
B) Analyzing the environment 
C) Setting objectives 
D) Developing strategies 
A) Developing the mission 
B) Analyzing the environment 
C) Setting objectives 
D) Developing strategies

Question 11

Diversification occurs when a corporation goes into related or unrelated line of products.

Accepted Answer

A) True 
 B)False

Question 12

Strategic Analysis _____.

Accepted Answer

A) provides its employees with a sense of unified purpose that brings everyone in the organization together to achieve it 
B) is the process of setting short-range objectives and determining in advance how they will be accomplished 
C) focuses on those features in a company's environment that most directly affect its options and opportunities 
D) is a plan for pursuing a mission and achieving objectives 
A) provides its employees with a sense of unified purpose that brings everyone in the organization together to achieve it 
B) is the process of setting short-range objectives and determining in advance how they will be accomplished 
C) focuses on those features in a company's environment that most directly affect its options and opportunities 
D) is a plan for pursuing a mission and achieving objectives

Question 13

What strategy is responsible for recruiting,selecting,training,evaluating,and compensating employees?

Accepted Answer

A) Finance strategy 
B) Marketing strategy 
C) Cost leadership strategy 
D) Human Resources strategy 
A) Finance strategy 
B) Marketing strategy 
C) Cost leadership strategy 
D) Human Resources strategy

Question 14

Lennox company is planning on extending its marketing business in the Asian market and it is looking to turnaround one of his offices located in Europe by liquidating the assets there and pulling out of that market.Which one of the grand strategy is Lennox using?

Accepted Answer

A) Growth 
B) Stability 
C) Combination 
D) Turnaround and Retrenchment 
A) Growth 
B) Stability 
C) Combination 
D) Turnaround and Retrenchment

Question 15

A _____________ strategy is an overall corporate strategy for growth,stability,turnaround and/or retrenchment.

Accepted Answer

A) Growth 
B) Grand 
C) Combination 
D) Integration 
A) Growth 
B) Grand 
C) Combination 
D) Integration

Question 16

One of the main functions for the finance strategy is keeping records of transactions,developing budgets,and reporting financial results.

Accepted Answer

A) True 
 B)False

Question 17

Algemar is helping his Fortune 500 company write a statement of the company's vision.What is Algemar writing?

Accepted Answer

A) Identity 
B) Values 
C) Expectations 
D) Mission 
A) Identity 
B) Values 
C) Expectations 
D) Mission

Question 18

In the strategic planning process,what is the first stage in the process?

Accepted Answer

A) Implementing and controlling strategies 
B) Developing the mission 
C) Developing strategies 
D) Analyze the environment 
A) Implementing and controlling strategies 
B) Developing the mission 
C) Developing strategies 
D) Analyze the environment

Question 19

Carol's Bakery has decided to hold and maintain its present size and not expand into the global market.What type of Grand Strategy is Carol's Bakery using?

Accepted Answer

A) Growth 
B) Concentration 
C) Stability 
D) Turnaround 
A) Growth 
B) Concentration 
C) Stability 
D) Turnaround

Question 20

Which of the following is a step in the competitive analysis?

Accepted Answer

A) Strengths 
B) Assessment of present strategy 
C) Threat of substitutes products and services 
D) Assessing the employee's benefits package 
A) Strengths 
B) Assessment of present strategy 
C) Threat of substitutes products and services 
D) Assessing the employee's benefits package

The _________ strategy calls for staying with the present product line and markets and maintaining or increasing customers in new markets.

Which of the following three are parts of a plan most used by manufacturing operations?

In the assessment of the present strategy based on performance step,what indicators should one look at to have a complex comparison of performance?

What is multi-tasking?

Concentration,backward and forward integration,and related and unrelated diversification are which type of strategy?

When measuring the power of buyers in a market,you are using a step in which analysis?

In the assessing competitive strength,one should compare the critical success factors for the business to those of each major competitor.

Which type of Growth Strategy did Exxon and Mobil use when they decided to come together as one to form the company Exxon-Mobil?

Discuss at least two functions from the finance department.

Bennett has been so successful at his Fortune 500 company that he decides to start his own business.What does Bennett need to do first for his strategic planning process?

Diversification occurs when a corporation goes into related or unrelated line of products.

Strategic Analysis _____.

What strategy is responsible for recruiting,selecting,training,evaluating,and compensating employees?

Lennox company is planning on extending its marketing business in the Asian market and it is looking to turnaround one of his offices located in Europe by liquidating the assets there and pulling out of that market.Which one of the grand strategy is Lennox using?

A _____________ strategy is an overall corporate strategy for growth,stability,turnaround and/or retrenchment.

One of the main functions for the finance strategy is keeping records of transactions,developing budgets,and reporting financial results.

Algemar is helping his Fortune 500 company write a statement of the company's vision.What is Algemar writing?

In the strategic planning process,what is the first stage in the process?

Carol's Bakery has decided to hold and maintain its present size and not expand into the global market.What type of Grand Strategy is Carol's Bakery using?

Which of the following is a step in the competitive analysis?

Management and Its History

The Environment: Culture,Ethics,and Social Responsibility

Managing Diversity in a Global Environment

Creative Problem Solving and Decision Making

Managing Change, innovation, and Entrepreneurship

Organizing and Delegating Work

Managing Team Work

Human Resources Management

Organizational Behavior: Power, politics, conflict, and Stress

Motivating for High Performance

Leading With Influence

Communication and Information Technology

Managing Control Systems, finances, and People

Operations, Quality, and Productivity

Filters

Exam 5: Strategic and Operational Planning

The _________ strategy calls for staying with the present product line and markets and maintaining or increasing customers in new markets.

Which of the following three are parts of a plan most used by manufacturing operations?

In the assessment of the present strategy based on performance step,what indicators should one look at to have a complex comparison of performance?

What is multi-tasking?

Concentration,backward and forward integration,and related and unrelated diversification are which type of strategy?

When measuring the power of buyers in a market,you are using a step in which analysis?

In the assessing competitive strength,one should compare the critical success factors for the business to those of each major competitor.

Which type of Growth Strategy did Exxon and Mobil use when they decided to come together as one to form the company Exxon-Mobil?

Discuss at least two functions from the finance department.

Bennett has been so successful at his Fortune 500 company that he decides to start his own business.What does Bennett need to do first for his strategic planning process?

Diversification occurs when a corporation goes into related or unrelated line of products.

Strategic Analysis _____.

What strategy is responsible for recruiting,selecting,training,evaluating,and compensating employees?

Lennox company is planning on extending its marketing business in the Asian market and it is looking to turnaround one of his offices located in Europe by liquidating the assets there and pulling out of that market.Which one of the grand strategy is Lennox using?

A _____________ strategy is an overall corporate strategy for growth,stability,turnaround and/or retrenchment.

One of the main functions for the finance strategy is keeping records of transactions,developing budgets,and reporting financial results.

Algemar is helping his Fortune 500 company write a statement of the company's vision.What is Algemar writing?

In the strategic planning process,what is the first stage in the process?

Carol's Bakery has decided to hold and maintain its present size and not expand into the global market.What type of Grand Strategy is Carol's Bakery using?

Which of the following is a step in the competitive analysis?

Management and Its History

The Environment: Culture,Ethics,and Social Responsibility

Managing Diversity in a Global Environment

Creative Problem Solving and Decision Making

Managing Change, innovation, and Entrepreneurship

Organizing and Delegating Work

Managing Team Work

Human Resources Management

Organizational Behavior: Power, politics, conflict, and Stress

Motivating for High Performance

Leading With Influence

Communication and Information Technology

Managing Control Systems, finances, and People

Operations, Quality, and Productivity

Filters