Question 1

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Accepted Answer

A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada. 
A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada. C

Question 2

Outsourcing is the reverse of vertical integration.

Accepted Answer

A) True 
 B)False  True

Question 3

As it relates to operations,AMT stands for

Accepted Answer

A)  Automated Manufacturing Technology. 
B)  Advanced Manufacturing Technology. 
C)  Asymptotic Manufacturing Technology. 
D)  Advanced Monotone Technology. 
E)  Automated Manufacturing Technician. 
A)  Automated Manufacturing Technology. 
B)  Advanced Manufacturing Technology. 
C)  Asymptotic Manufacturing Technology. 
D)  Advanced Monotone Technology. 
E)  Automated Manufacturing Technician. B

Question 4

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

Accepted Answer

W.Edwards Deming strongly recommended so

Question 5

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

Accepted Answer

A)  demand pricing 
B)  competitive pricing 
C)  skim pricing 
D)  penetration pricing 
E)  loss-leader pricing 
A)  demand pricing 
B)  competitive pricing 
C)  skim pricing 
D)  penetration pricing 
E)  loss-leader pricing

Question 6

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

Question 7

Constituency building,coalition building,and advocacy advertising are commonly used

Accepted Answer

A)  marketing strategies. 
B)  risk strategies. 
C)  human resource management strategies. 
D)  political strategies. 
E)  logistics strategies. 
A)  marketing strategies. 
B)  risk strategies. 
C)  human resource management strategies. 
D)  political strategies. 
E)  logistics strategies.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

The evaluation of alternative strategies and selection of the best alternative is referred to as

Accepted Answer

A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation. 
A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation.

Question 10

Logistics strategy deals with the flow of products into and out of the manufacturing process.

Accepted Answer

A) True 
 B)False

Question 11

If there is little fit between a strategic alternative under consideration and the corporate culture,which of the following is one of management's options to consider?

Accepted Answer

A)  Take a chance on ignoring the culture by implementing the strategic alternative. 
B)  Manage around the culture and change the implementation plan. 
C)  Try to change the culture to fit the strategy. 
D)  Change the strategy to fit the culture. 
E)  Restrict the firm to consider only those strategies compatible with the culture. 
A)  Take a chance on ignoring the culture by implementing the strategic alternative. 
B)  Manage around the culture and change the implementation plan. 
C)  Try to change the culture to fit the strategy. 
D)  Change the strategy to fit the culture. 
E)  Restrict the firm to consider only those strategies compatible with the culture.

Question 12

Each business unit has its own set of departments,each with its own functional strategy.

Accepted Answer

A) True 
 B)False

Question 13

An important consideration in the selection of a strategy is the ability of each alternative to satisfy agreed-upon objectives with the least resources and the fewest negatives.The competitive advantages developed earlier using ________ is an excellent place to start.

Accepted Answer

A)  factors to ensure profitable return on investment 
B)  the VRIO framework 
C)  the analysis of the competitive environment 
D)  industry research 
E)  the analysis of governmental regulations and requirements 
A)  factors to ensure profitable return on investment 
B)  the VRIO framework 
C)  the analysis of the competitive environment 
D)  industry research 
E)  the analysis of governmental regulations and requirements

Question 14

When a company exchanges 200 shares of stock worth $20 each for 100 shares worth $40 each,they are using

Accepted Answer

A)  tracking stock. 
B)  holding stock. 
C)  a leveraged buyout. 
D)  reverse stock split. 
E)  split stock. 
A)  tracking stock. 
B)  holding stock. 
C)  a leveraged buyout. 
D)  reverse stock split. 
E)  split stock.

Question 15

Since the deregulation of the airline industry,major airlines have entered into a spirited battle for market share by cutting prices and offering special deals.This 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 16

Which one of the following is not one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?

Accepted Answer

A)  Which stakeholder group should be represented on the board of directors? 
B)  How will this decision affect each stakeholder? 
C)  How much of what the stakeholders want are they likely to get under a certain alternative? 
D)  What are the stakeholders likely to do if they don't get what they want? 
E)  What is the probability that the stakeholders will follow through on their demand? 
A)  Which stakeholder group should be represented on the board of directors? 
B)  How will this decision affect each stakeholder? 
C)  How much of what the stakeholders want are they likely to get under a certain alternative? 
D)  What are the stakeholders likely to do if they don't get what they want? 
E)  What is the probability that the stakeholders will follow through on their demand?

Question 17

If a company wishes to be a technological follower and also pursue a differentiation strategy,the appropriate R&D strategy would be to

Accepted Answer

A)  adapt the product or delivery system more closely to buyer needs by learning from the leader's experience. 
B)  value activities by learning from the leader's experience. 
C)  avoid R&D costs through imitation. 
D)  create low-cost ways of performing value activities. 
E)  innovate in other activities to increase buyer value. 
A)  adapt the product or delivery system more closely to buyer needs by learning from the leader's experience. 
B)  value activities by learning from the leader's experience. 
C)  avoid R&D costs through imitation. 
D)  create low-cost ways of performing value activities. 
E)  innovate in other activities to increase buyer value.

Question 18

Companies such as Georgia-Pacific,Marriott,and Union Carbide view the ________ as an important way to differentiate themselves from the competition,to add value,and to reduce costs.

Accepted Answer

A)  R&D function 
B)  logistics function 
C)  finance function 
D)  engineering function 
E)  purchasing function 
A)  R&D function 
B)  logistics function 
C)  finance function 
D)  engineering function 
E)  purchasing function

Question 19

The continuous improvement system was developed by Deming.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)  deter takeover attempts by other firms. 
B)  improve productivity. 
C)  improve cash flows. 
D)  force management to focus on core businesses. 
E)  improve strategic options available. 
A)  deter takeover attempts by other firms. 
B)  improve productivity. 
C)  improve cash flows. 
D)  force management to focus on core businesses. 
E)  improve strategic options available.

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Outsourcing is the reverse of vertical integration.

As it relates to operations,AMT stands for

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

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

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

Constituency building,coalition building,and advocacy advertising are commonly used

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

The evaluation of alternative strategies and selection of the best alternative is referred to as

Logistics strategy deals with the flow of products into and out of the manufacturing process.

If there is little fit between a strategic alternative under consideration and the corporate culture,which of the following is one of management's options to consider?

Each business unit has its own set of departments,each with its own functional strategy.

An important consideration in the selection of a strategy is the ability of each alternative to satisfy agreed-upon objectives with the least resources and the fewest negatives.The competitive advantages developed earlier using ________ is an excellent place to start.

When a company exchanges 200 shares of stock worth $20 each for 100 shares worth $40 each,they are using

Since the deregulation of the airline industry,major airlines have entered into a spirited battle for market share by cutting prices and offering special deals.This is an example of which strategy to avoid?

Which one of the following is not one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?

If a company wishes to be a technological follower and also pursue a differentiation strategy,the appropriate R&D strategy would be to

Companies such as Georgia-Pacific,Marriott,and Union Carbide view the ________ as an important way to differentiate themselves from the competition,to add value,and to reduce costs.

The continuous improvement system was developed by Deming.

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

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Outsourcing is the reverse of vertical integration.

As it relates to operations,AMT stands for

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

Which type of pricing attempts to hasten market development and offers the pioneer the opportunity to utilize the experience curve to gain market share with a low price and dominate the industry?

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

Constituency building,coalition building,and advocacy advertising are commonly used

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

The evaluation of alternative strategies and selection of the best alternative is referred to as

Logistics strategy deals with the flow of products into and out of the manufacturing process.

If there is little fit between a strategic alternative under consideration and the corporate culture,which of the following is one of management's options to consider?

Each business unit has its own set of departments,each with its own functional strategy.

An important consideration in the selection of a strategy is the ability of each alternative to satisfy agreed-upon objectives with the least resources and the fewest negatives.The competitive advantages developed earlier using ________ is an excellent place to start.

When a company exchanges 200 shares of stock worth $20 each for 100 shares worth $40 each,they are using

Since the deregulation of the airline industry,major airlines have entered into a spirited battle for market share by cutting prices and offering special deals.This is an example of which strategy to avoid?

Which one of the following is not one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?

If a company wishes to be a technological follower and also pursue a differentiation strategy,the appropriate R&D strategy would be to

Companies such as Georgia-Pacific,Marriott,and Union Carbide view the ________ as an important way to differentiate themselves from the competition,to add value,and to reduce costs.

The continuous improvement system was developed by Deming.

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

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters