Question 1

When sizing up the operations of the firm,it is important to examine all of these EXCEPT:

Accepted Answer

A) the current labor environment. 
B) the skill level of the firm's work force. 
C) the capacity of the firm's plant or facilities. 
D) None of the above. 
A) the current labor environment. 
B) the skill level of the firm's work force. 
C) the capacity of the firm's plant or facilities. 
D) None of the above. D

Question 2

Generally in the short run,a county's actual output of goods and services increases the same rate as the country's capacity.

Accepted Answer

A) True 
 B)False  False

Question 3

Managing the firm's supply network is important because:

Accepted Answer

A) the firm is reliant on the efforts of its supply network partners in order to produce its products and/or services. 
B) managers must manage the supply network for efficient,responsive procurement and distribution to meet their customers' needs. 
C) plant or facilities management involves ensuring sufficient capacity or maximum output is available. 
D) Both A and B 
A) the firm is reliant on the efforts of its supply network partners in order to produce its products and/or services. 
B) managers must manage the supply network for efficient,responsive procurement and distribution to meet their customers' needs. 
C) plant or facilities management involves ensuring sufficient capacity or maximum output is available. 
D) Both A and B D

Question 4

There are a number of key management attributes that are required to improve a firm's chances of business success which include:

Accepted Answer

A) managers with expertise and technical knowledge in the functional areas. 
B) middle managers with leadership potential. 
C) managers with experience in the industry in which the firm operates. 
D) All of the above. 
A) managers with expertise and technical knowledge in the functional areas. 
B) middle managers with leadership potential. 
C) managers with experience in the industry in which the firm operates. 
D) All of the above.

Question 5

All of the following statements are true EXCEPT:

Accepted Answer

A) when changes in real GDP are positive,the economy is said to be expanding. 
B) peaks in the business cycle tend to occur when the capacity-to-output is smallest. 
C) troughs occur when the capacity-to-output gap is the largest. 
D) two consecutive quarterly declines in GDP are generally said to be a recession. 
A) when changes in real GDP are positive,the economy is said to be expanding. 
B) peaks in the business cycle tend to occur when the capacity-to-output is smallest. 
C) troughs occur when the capacity-to-output gap is the largest. 
D) two consecutive quarterly declines in GDP are generally said to be a recession.

Question 6

How is the typical profitability of a stage 2 firm different from a stage 1 and a stage 3 firm?

Accepted Answer

Stage 1 represents the initial or start-

Question 7

All of the following are important factors in the economy EXCEPT:

Accepted Answer

A) technology. 
B) interest rates. 
C) financial markets. 
D) credit conditions. 
A) technology. 
B) interest rates. 
C) financial markets. 
D) credit conditions.

Question 8

Which of the following is NOT a question related to marketing management and demand risk analysis?

Accepted Answer

A) Is the distribution channel appropriate? 
B) Is the product appropriate relative to the competitors? 
C) How much marketing management depth does the firm have? 
D) Who are the firm's target customers? 
A) Is the distribution channel appropriate? 
B) Is the product appropriate relative to the competitors? 
C) How much marketing management depth does the firm have? 
D) Who are the firm's target customers?

Question 9

One of the most important reasons for understanding the overall economy is:

Accepted Answer

A) changing economic activity will impact the current business cycle stage. 
B) changing economic activity will directly impact revenues. 
C) changing economic activity will increase profits. 
D) All of the above. 
A) changing economic activity will impact the current business cycle stage. 
B) changing economic activity will directly impact revenues. 
C) changing economic activity will increase profits. 
D) All of the above.

Question 10

The structure of competitive forces establishes the profitability of an industry.

Accepted Answer

A) True 
 B)False

Question 11

Stage 2 of the industry life cycle is characterized by all of the following EXCEPT:

Accepted Answer

A) this is a phase of stabilization and maturity. 
B) this stage does not last very long. 
C) growth in revenue tends to occur at the same rate as the frowth in the overall economy. 
D) All of the above. 
A) this is a phase of stabilization and maturity. 
B) this stage does not last very long. 
C) growth in revenue tends to occur at the same rate as the frowth in the overall economy. 
D) All of the above.

Question 12

The business size-up involves:

Accepted Answer

A) an external assessment of the industry. 
B) an external assessment of the economy. 
C) an internal assessment of the firm's strengths and weaknesses. 
D) All of the above. 
A) an external assessment of the industry. 
B) an external assessment of the economy. 
C) an internal assessment of the firm's strengths and weaknesses. 
D) All of the above.

Question 13

Management seeks to identify individuals who possess capability in these four areas:

Accepted Answer

A) business intelligence,marketing intelligence,strategic intelligence,and people intelligence. 
B) business intelligence,organizational intelligence,strategic intelligence,and people intelligence. 
C) business intelligence,marketing intelligence,organizational intelligence,and people intelligence. 
D) business intelligence,emotional intelligence,strategic intelligence,and people intelligence. 
A) business intelligence,marketing intelligence,strategic intelligence,and people intelligence. 
B) business intelligence,organizational intelligence,strategic intelligence,and people intelligence. 
C) business intelligence,marketing intelligence,organizational intelligence,and people intelligence. 
D) business intelligence,emotional intelligence,strategic intelligence,and people intelligence.

Question 14

When sizing up the operations of the firm,it is important to examine:

Accepted Answer

A) the level of technological innovation and investments of the firm. 
B) the level of skill of the firm's work force. 
C) the capacity of the firm's plant or facilities. 
D) All of the above. 
A) the level of technological innovation and investments of the firm. 
B) the level of skill of the firm's work force. 
C) the capacity of the firm's plant or facilities. 
D) All of the above.

Question 15

A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?

Accepted Answer

A) Product 
B) Price 
C) Place 
D) Promotion 
A) Product 
B) Price 
C) Place 
D) Promotion

Question 16

Capital market conditions can affect the timing of a new equity issue because:

Accepted Answer

A) Issuing new equity may be harder when stock prices are rising. 
B) Issuing new equity may be easier when stock prices are rising. 
C) Issuing new equity may be harder when stock prices are falling. 
D) B and C 
A) Issuing new equity may be harder when stock prices are rising. 
B) Issuing new equity may be easier when stock prices are rising. 
C) Issuing new equity may be harder when stock prices are falling. 
D) B and C

Question 17

Which of the following is NOT considered to be a factor that affects the industry in which a firm operates?

Accepted Answer

A) Technology 
B) Credit conditions 
C) Interest rates 
D) Regulations 
A) Technology 
B) Credit conditions 
C) Interest rates 
D) Regulations

Question 18

The firm's supply risk can best be analyzed by examining:

Accepted Answer

A) the components of the firm's operations management. 
B) the components of the firm's operations management compared with the key industry success factors. 
C) the key industry success factors and their impact on profitability. 
D) the behavior of the firm's major competitors. 
A) the components of the firm's operations management. 
B) the components of the firm's operations management compared with the key industry success factors. 
C) the key industry success factors and their impact on profitability. 
D) the behavior of the firm's major competitors.

Question 19

Which of the following is NOT a question related to operations management and supply risk analysis?

Accepted Answer

A) How close is the firm to full capacity? 
B) Are the products appropriate relative to the competitors' products? 
C) How much inventory is required to meet demand? 
D) How critical are technological innovations and investments? 
A) How close is the firm to full capacity? 
B) Are the products appropriate relative to the competitors' products? 
C) How much inventory is required to meet demand? 
D) How critical are technological innovations and investments?

Question 20

Which of the following is NOT considered to be one of Michael Porter's Five Forces?

Accepted Answer

A) Threat of new entrants 
B) Bargaining power of suppliers 
C) Threat of substitute products or services 
D) Diminished rivalry among current competitors 
A) Threat of new entrants 
B) Bargaining power of suppliers 
C) Threat of substitute products or services 
D) Diminished rivalry among current competitors

When sizing up the operations of the firm,it is important to examine all of these EXCEPT:

Generally in the short run,a county's actual output of goods and services increases the same rate as the country's capacity.

Managing the firm's supply network is important because:

There are a number of key management attributes that are required to improve a firm's chances of business success which include:

All of the following statements are true EXCEPT:

How is the typical profitability of a stage 2 firm different from a stage 1 and a stage 3 firm?

All of the following are important factors in the economy EXCEPT:

Which of the following is NOT a question related to marketing management and demand risk analysis?

One of the most important reasons for understanding the overall economy is:

The structure of competitive forces establishes the profitability of an industry.

Stage 2 of the industry life cycle is characterized by all of the following EXCEPT:

The business size-up involves:

Management seeks to identify individuals who possess capability in these four areas:

When sizing up the operations of the firm,it is important to examine:

A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?

Capital market conditions can affect the timing of a new equity issue because:

Which of the following is NOT considered to be a factor that affects the industry in which a firm operates?

The firm's supply risk can best be analyzed by examining:

Which of the following is NOT a question related to operations management and supply risk analysis?

Which of the following is NOT considered to be one of Michael Porter's Five Forces?

Overview of Financial Management

Understanding Financial Statements

Measuring Financial Performance

Managing Day-To-Day Cash Flow

Projecting Financial Requirements and Managing Growth

Time Value of Money Basics and Applications

Making Investment Decisions

Overview of Capital Markets: Long-Term Financing Instruments

Assessing the Cost of Capital: What Return Investors Require

Understanding Financing and Payout Decisions

Designing an Optimal Capital Structure

Measuring and Creating Value

Comprehensive Case Study: Wal-Mart Stores,inc

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Exam 2: Sizing up a Business: a Non-Financial Perspective

When sizing up the operations of the firm,it is important to examine all of these EXCEPT:

Generally in the short run,a county's actual output of goods and services increases the same rate as the country's capacity.

Managing the firm's supply network is important because:

There are a number of key management attributes that are required to improve a firm's chances of business success which include:

All of the following statements are true EXCEPT:

How is the typical profitability of a stage 2 firm different from a stage 1 and a stage 3 firm?

All of the following are important factors in the economy EXCEPT:

Which of the following is NOT a question related to marketing management and demand risk analysis?

One of the most important reasons for understanding the overall economy is:

The structure of competitive forces establishes the profitability of an industry.

Stage 2 of the industry life cycle is characterized by all of the following EXCEPT:

The business size-up involves:

Management seeks to identify individuals who possess capability in these four areas:

When sizing up the operations of the firm,it is important to examine:

A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?

Capital market conditions can affect the timing of a new equity issue because:

Which of the following is NOT considered to be a factor that affects the industry in which a firm operates?

The firm's supply risk can best be analyzed by examining:

Which of the following is NOT a question related to operations management and supply risk analysis?

Which of the following is NOT considered to be one of Michael Porter's Five Forces?

Overview of Financial Management

Understanding Financial Statements

Measuring Financial Performance

Managing Day-To-Day Cash Flow

Projecting Financial Requirements and Managing Growth

Time Value of Money Basics and Applications

Making Investment Decisions

Overview of Capital Markets: Long-Term Financing Instruments

Assessing the Cost of Capital: What Return Investors Require

Understanding Financing and Payout Decisions

Designing an Optimal Capital Structure

Measuring and Creating Value

Comprehensive Case Study: Wal-Mart Stores,inc

Filters