Question 1

A __________ is a written set of instructions which describes the series of actions that a manager should take in a specific situation.

Accepted Answer

A) policy 
B) standard operating procedure 
C) heuristic 
D) rolling plan 
E) rule 
A) policy 
B) standard operating procedure 
C) heuristic 
D) rolling plan 
E) rule

Question 2

A standing plan that acts as a general guide to action, or a(n)______, applies to the employees of an organization.

Accepted Answer

A) belief 
B) rule 
C) policy 
D) standard operating procedure 
E) scenario 
A) belief 
B) rule 
C) policy 
D) standard operating procedure 
E) scenario

Question 3

The first step in defining an organization's mission is to define its business.

Accepted Answer

A) True 
 B)False

Question 4

In pursuing a _____ strategy, managers aim to make their organization the lowest-cost company serving a few segments of the overall market.

Accepted Answer

A) differentiation 
B) focused differentiation 
C) low-cost 
D) focused low-cost strategy 
E) hypercompetition 
A) differentiation 
B) focused differentiation 
C) low-cost 
D) focused low-cost strategy 
E) hypercompetition

Question 5

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's

Accepted Answer

A) corporate-level plan. 
B) divisional-level plan. 
C) functional-level plan. 
D) business-level plan. 
E) departmental-level plan. 
A) corporate-level plan. 
B) divisional-level plan. 
C) functional-level plan. 
D) business-level plan. 
E) departmental-level plan.

Question 6

There has been a rapid increase in the percentage of the population of a third-world nation switching to cellular technology in recent years.A major multinational telecommunication services company decides to take advantage of this change and plans to set up an industry in the country with the intention of dominating the country's telecommunication market.This is an example of a _______ strategy.

Accepted Answer

A) divisional-level 
B) departmental-level 
C) functional-level 
D) corporate-level 
E) business-level 
A) divisional-level 
B) departmental-level 
C) functional-level 
D) corporate-level 
E) business-level

Question 7

List and describe the different corporate-level strategies.

Accepted Answer

(1) Concentration on a single industry i

Question 8

When establishing goals, setting a time period to achieve a goal acts as a demotivator.

Accepted Answer

A) True 
 B)False

Question 9

Typically ______-level goals and strategies require intermediate- and short-term plans.

Accepted Answer

A) functional 
B) business 
C) divisional 
D) corporate 
E) global 
A) functional 
B) business 
C) divisional 
D) corporate 
E) global

Question 10

In pursuing a _____ strategy, managers focus on driving the company's costs down below the costs of its industry rivals.

Accepted Answer

A) focused low cost 
B) low-cost 
C) differentiation 
D) focused differentiation 
E) hypercompetition 
A) focused low cost 
B) low-cost 
C) differentiation 
D) focused differentiation 
E) hypercompetition

Question 11

Most electronic goods have the option of changing the operating language.This is done by manufacturers so that the same electronic device can be supplied and marketed around the world.The manufacturers in this case are applying a(n)

Accepted Answer

A) focused differentiation strategy. 
B) global strategy. 
C) related diversification strategy. 
D) multidomestic strategy. 
E) unrelated diversification strategy. 
A) focused differentiation strategy. 
B) global strategy. 
C) related diversification strategy. 
D) multidomestic strategy. 
E) unrelated diversification strategy.

Question 12

After several months of planning new strategies for the organization, managers have finalized their plans and they are ready to implement the new strategies.However, they are not done planning.What additional planning will the managers likely face?

Accepted Answer

The planning process goes beyond just id

Question 13

In performing a SWOT analysis, a firm realized that the manufacturing costs for its new division were rising.The firm would classify this as a potential

Accepted Answer

A) strength. 
B) weakness. 
C) opportunity. 
D) threat. 
E) advantage. 
A) strength. 
B) weakness. 
C) opportunity. 
D) threat. 
E) advantage.

Question 14

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities to reduce overall costs.The company is employing a

Accepted Answer

A) focused differentiation strategy. 
B) low-cost strategy. 
C) high-cost strategy. 
D) unifying strategy. 
E) hypercompetition strategy. 
A) focused differentiation strategy. 
B) low-cost strategy. 
C) high-cost strategy. 
D) unifying strategy. 
E) hypercompetition strategy.

Question 15

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies all the departments associated with the division.The departmental managers must alter their _____ plan to accommodate the earlier release date.

Accepted Answer

A) functional-level 
B) business-level 
C) divisional-level 
D) corporate-level 
E) strategic-level 
A) functional-level 
B) business-level 
C) divisional-level 
D) corporate-level 
E) strategic-level

Question 16

According to an organization's SWOT analysis, which of the following would be a potential strength?

Accepted Answer

A) The organization has the potential to overcome the barriers of entry to a new market. 
B) The organization has the ability to manage strategic change. 
C) Demographic factors reshape the target market. 
D) The organization's customer preferences are changing. 
E) The organization can expand vertically integrate forward. 
A) The organization has the potential to overcome the barriers of entry to a new market. 
B) The organization has the ability to manage strategic change. 
C) Demographic factors reshape the target market. 
D) The organization's customer preferences are changing. 
E) The organization can expand vertically integrate forward.

Question 17

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes.This is called

Accepted Answer

A) ultracompetition. 
B) hypocompetition. 
C) supercompetition. 
D) hypercompetition. 
E) extracompetition. 
A) ultracompetition. 
B) hypocompetition. 
C) supercompetition. 
D) hypercompetition. 
E) extracompetition.

Question 18

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

Accepted Answer

A) Concentration on a single industry 
B) Forward vertical integration 
C) Diversification 
D) Backward vertical integration 
E) International expansion 
A) Concentration on a single industry 
B) Forward vertical integration 
C) Diversification 
D) Backward vertical integration 
E) International expansion

Question 19

A winery decides to manufacture its own bottles instead of purchasing them from a bottle manufacturing company to reduce costs.The winery is employing a forward vertical integration strategy.

Accepted Answer

A) True 
 B)False

Question 20

Selling the same standardized product and using the same basic marketing approach in each national market is called multidomestic strategy.

Accepted Answer

A) True 
 B)False

A __________ is a written set of instructions which describes the series of actions that a manager should take in a specific situation.

A standing plan that acts as a general guide to action, or a(n)______, applies to the employees of an organization.

The first step in defining an organization's mission is to define its business.

In pursuing a _____ strategy, managers aim to make their organization the lowest-cost company serving a few segments of the overall market.

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's

List and describe the different corporate-level strategies.

When establishing goals, setting a time period to achieve a goal acts as a demotivator.

Typically ______-level goals and strategies require intermediate- and short-term plans.

In pursuing a _____ strategy, managers focus on driving the company's costs down below the costs of its industry rivals.

Most electronic goods have the option of changing the operating language.This is done by manufacturers so that the same electronic device can be supplied and marketed around the world.The manufacturers in this case are applying a(n)

After several months of planning new strategies for the organization, managers have finalized their plans and they are ready to implement the new strategies.However, they are not done planning.What additional planning will the managers likely face?

In performing a SWOT analysis, a firm realized that the manufacturing costs for its new division were rising.The firm would classify this as a potential

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities to reduce overall costs.The company is employing a

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies all the departments associated with the division.The departmental managers must alter their _____ plan to accommodate the earlier release date.

According to an organization's SWOT analysis, which of the following would be a potential strength?

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes.This is called

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

A winery decides to manufacture its own bottles instead of purchasing them from a bottle manufacturing company to reduce costs.The winery is employing a forward vertical integration strategy.

Selling the same standardized product and using the same basic marketing approach in each national market is called multidomestic strategy.

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

Filters

Exam 8: The Manager As a Planner and a Strategist

A __________ is a written set of instructions which describes the series of actions that a manager should take in a specific situation.

A standing plan that acts as a general guide to action, or a(n)______, applies to the employees of an organization.

The first step in defining an organization's mission is to define its business.

In pursuing a _____ strategy, managers aim to make their organization the lowest-cost company serving a few segments of the overall market.

Top management's decisions pertaining to the organization's mission, overall strategy, and structure constitute an organization's

List and describe the different corporate-level strategies.

When establishing goals, setting a time period to achieve a goal acts as a demotivator.

Typically ______-level goals and strategies require intermediate- and short-term plans.

In pursuing a _____ strategy, managers focus on driving the company's costs down below the costs of its industry rivals.

Most electronic goods have the option of changing the operating language.This is done by manufacturers so that the same electronic device can be supplied and marketed around the world.The manufacturers in this case are applying a(n)

After several months of planning new strategies for the organization, managers have finalized their plans and they are ready to implement the new strategies.However, they are not done planning.What additional planning will the managers likely face?

In performing a SWOT analysis, a firm realized that the manufacturing costs for its new division were rising.The firm would classify this as a potential

A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities to reduce overall costs.The company is employing a

The SUV division of a major automobile corporation decides to release a new model a month ahead of its stated release and notifies all the departments associated with the division.The departmental managers must alter their _____ plan to accommodate the earlier release date.

According to an organization's SWOT analysis, which of the following would be a potential strength?

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes.This is called

_____ is a corporate-level strategy that emphasizes reinvesting a company's profits in strengthening its competitive position in its current industry.

A winery decides to manufacture its own bottles instead of purchasing them from a bottle manufacturing company to reduce costs.The winery is employing a forward vertical integration strategy.

Selling the same standardized product and using the same basic marketing approach in each national market is called multidomestic strategy.

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

Filters