Question 1

Nevada has the highest percentage of minority residents.

Accepted Answer

A) True 
 B)False

Question 2

The process of performing an external audit needs to include:

Accepted Answer

A)  only top level managers, as it's a planning function. 
B)  as many managers and employees as possible. 
C)  primarily front-line supervisors 
D)  between 15 to 20 managers for it to be valid 
E)  stockholders and external government agencies 
A)  only top level managers, as it's a planning function. 
B)  as many managers and employees as possible. 
C)  primarily front-line supervisors 
D)  between 15 to 20 managers for it to be valid 
E)  stockholders and external government agencies

Question 3

According to Porter, what is usually the most powerful of the five competitive forces?

Accepted Answer

A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors 
A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors

Question 4

According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?

Accepted Answer

The first one is rivalry among competing

Question 5

Which state has the highest percentage of minorities

Accepted Answer

A)  New York 
B)  Texas 
C)  California 
D)  Alaska 
E)  Colorado 
A)  New York 
B)  Texas 
C)  California 
D)  Alaska 
E)  Colorado

Question 6

Five major categories of external variables are: 1) economic forces, 2) social and cultural forces, 3) political, governmental and legal forces, 4) technological forces and 5) demographic forces.

Accepted Answer

A) True 
 B)False

Question 7

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

Accepted Answer

A) True 
 B)False

Question 8

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

Accepted Answer

A)  Horizontal integration 
B)  Backward integration 
C)  Market penetration 
D)  Forward integration 
E)  Concentric diversification 
A)  Horizontal integration 
B)  Backward integration 
C)  Market penetration 
D)  Forward integration 
E)  Concentric diversification

Question 9

The term that refers to the EU's effort to end competitive tax breaks among member countries is

Accepted Answer

A)  double taxation. 
B)  taxation bias. 
C)  equity taxation. 
D)  tax reconciliation. 
E)  tax harmonization 
A)  double taxation. 
B)  taxation bias. 
C)  equity taxation. 
D)  tax reconciliation. 
E)  tax harmonization

Question 10

Population growth in Texas makes it the fastest growing state.

Accepted Answer

A) True 
 B)False

Question 11

A Competitive Profile Matrix allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information.

Accepted Answer

A) True 
 B)False

Question 12

The average age of the residents in Texas makes it one of the five youngest states

Accepted Answer

A) True 
 B)False

Question 13

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Accepted Answer

A) True 
 B)False

Question 14

Keeping strategies secret from employees and stakeholders can do all of the following except:

Accepted Answer

A)  inhibit employee and stakeholder communication. 
B)  inhibit employee and stakeholder understanding. 
C)  inhibit employee and stakeholder commitment. 
D)  provide competitive advantage to competitors. 
E)  forego valuable employee or stakeholder input 
A)  inhibit employee and stakeholder communication. 
B)  inhibit employee and stakeholder understanding. 
C)  inhibit employee and stakeholder commitment. 
D)  provide competitive advantage to competitors. 
E)  forego valuable employee or stakeholder input

Question 15

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

Accepted Answer

A) True 
 B)False

Question 16

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

Accepted Answer

A) True 
 B)False

Question 17

Within the European Union EU), tax rates have been standardized to end competitive tax breaks among member countries.

Accepted Answer

A) True 
 B)False

Question 18

Linear regression is a popular technique for qualitative forecasts.

Accepted Answer

A) True 
 B)False

Question 19

"Innovate or evaporate; particularly in technology-driven businesses, nothing quite recedes like success," is a characteristic given that describes the most competitive companies in America.

Accepted Answer

A) True 
 B)False

Question 20

An external audit focuses on identifying and evaluating trends and events within the control of management.

Accepted Answer

A) True 
 B)False

Nevada has the highest percentage of minority residents.

The process of performing an external audit needs to include:

According to Porter, what is usually the most powerful of the five competitive forces?

According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?

Which state has the highest percentage of minorities

Five major categories of external variables are: 1) economic forces, 2) social and cultural forces, 3) political, governmental and legal forces, 4) technological forces and 5) demographic forces.

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

The term that refers to the EU's effort to end competitive tax breaks among member countries is

Population growth in Texas makes it the fastest growing state.

A Competitive Profile Matrix allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information.

The average age of the residents in Texas makes it one of the five youngest states

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Keeping strategies secret from employees and stakeholders can do all of the following except:

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

Within the European Union EU), tax rates have been standardized to end competitive tax breaks among member countries.

Linear regression is a popular technique for qualitative forecasts.

"Innovate or evaporate; particularly in technology-driven businesses, nothing quite recedes like success," is a characteristic given that describes the most competitive companies in America.

An external audit focuses on identifying and evaluating trends and events within the control of management.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and Mis Issues

Strategy Review, Evaluation, and Control

Filters

Exam 3: The External Assessment

Nevada has the highest percentage of minority residents.

The process of performing an external audit needs to include:

According to Porter, what is usually the most powerful of the five competitive forces?

According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?

Which state has the highest percentage of minorities

Five major categories of external variables are: 1) economic forces, 2) social and cultural forces, 3) political, governmental and legal forces, 4) technological forces and 5) demographic forces.

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

The term that refers to the EU's effort to end competitive tax breaks among member countries is

Population growth in Texas makes it the fastest growing state.

A Competitive Profile Matrix allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information.

The average age of the residents in Texas makes it one of the five youngest states

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.

Keeping strategies secret from employees and stakeholders can do all of the following except:

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

Within the European Union EU), tax rates have been standardized to end competitive tax breaks among member countries.

Linear regression is a popular technique for qualitative forecasts.

"Innovate or evaporate; particularly in technology-driven businesses, nothing quite recedes like success," is a characteristic given that describes the most competitive companies in America.

An external audit focuses on identifying and evaluating trends and events within the control of management.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and Mis Issues

Strategy Review, Evaluation, and Control

Filters