Question 1

A strategic control system helps managers to assess the relevance of the organization's strategy:

Accepted Answer

A) To its profitability 
B) To its progress in the accomplishment of its goals 
C) To the needs of its employees 
D) In order to specify product line extensions 
E) To its competitors' strategies 
A) To its profitability 
B) To its progress in the accomplishment of its goals 
C) To the needs of its employees 
D) In order to specify product line extensions 
E) To its competitors' strategies B

Question 2

A control system that is based on socialization of organizational members is:

Accepted Answer

A) Bureaucratic control 
B) Output control 
C) Clan control 
D) Process control 
E) Human resources systems 
A) Bureaucratic control 
B) Output control 
C) Clan control 
D) Process control 
E) Human resources systems C

Question 3

Which of the following is a common outcome from leveraged buyouts?

Accepted Answer

A) Work force stabilization or increase 
B) Opening of new plants 
C) Increase in debt 
D) Low financial returns for the executives who initiate the buyouts 
E) Increased innovation and R&D 
A) Work force stabilization or increase 
B) Opening of new plants 
C) Increase in debt 
D) Low financial returns for the executives who initiate the buyouts 
E) Increased innovation and R&D C

Question 4

When managers are trying to anticipate changes in the internal and external environments,they are using:

Accepted Answer

A) Feedforward control 
B) Vertical control 
C) Feedback control 
D) Horizontal control 
E) Integrative control 
A) Feedforward control 
B) Vertical control 
C) Feedback control 
D) Horizontal control 
E) Integrative control

Question 5

Budgets are a common type of feedforward control.

Accepted Answer

A) True 
 B)False

Question 6

Chapter XI reorganization:

Accepted Answer

A) Means that an organization must liquidate its assets 
B) Means that some management decisions must be approved by a court 
C) Is intended for companies that have lots of liquid assets but are locked into an unfair labor contract 
D) Is most successful if an organization has very high debt levels 
E) None of the above 
A) Means that an organization must liquidate its assets 
B) Means that some management decisions must be approved by a court 
C) Is intended for companies that have lots of liquid assets but are locked into an unfair labor contract 
D) Is most successful if an organization has very high debt levels 
E) None of the above

Question 7

Feedback control systems perform the following functions in organizations:

Accepted Answer

A) They help managers decide when and how to intervene in organizational processes by identifying areas requiring further attention 
B) They motivate managers to pursuer organizational interests 
C) Creating specific objectives ensures that managers understand the plans and strategies that guide organizational decisions 
D) All of these are true 
E) A and B are true,but not C 
A) They help managers decide when and how to intervene in organizational processes by identifying areas requiring further attention 
B) They motivate managers to pursuer organizational interests 
C) Creating specific objectives ensures that managers understand the plans and strategies that guide organizational decisions 
D) All of these are true 
E) A and B are true,but not C

Question 8

What is a divestiture? Describe the two common types of divestitures.What types of businesses should be divested?

Accepted Answer

A divestiture is a reverse acquisition.O

Question 9

Common restructuring techniques include all of the following except:

Accepted Answer

A) Chapter XI reorganization 
B) Leveraged buyouts 
C) Retrenchment 
D) Refocusing corporate assets on distinctive competencies 
E) These are all common restructuring techniques; there is no exception 
A) Chapter XI reorganization 
B) Leveraged buyouts 
C) Retrenchment 
D) Refocusing corporate assets on distinctive competencies 
E) These are all common restructuring techniques; there is no exception

Question 10

Which of the following provides an opportunity for an organization to work out a plan for solving its financial problems under the supervision of a federal court?

Accepted Answer

A) Prepackaged reorganization strategy 
B) Chapter XIII bankruptcy 
C) Restructuring 
D) Downscoping 
E) Chapter XI reorganization 
A) Prepackaged reorganization strategy 
B) Chapter XIII bankruptcy 
C) Restructuring 
D) Downscoping 
E) Chapter XI reorganization

Question 11

Feedback control systems can motivate managers to pursue organizational interests as opposed to purely personal interests.

Accepted Answer

A) True 
 B)False

Question 12

What is a strategic control system? What is the difference between feedforward and feedback controls?

Accepted Answer

A strategic control system is "a system

Question 13

Restructuring typically involves a renewed emphasis on the things an organization does well,combined with a variety of tactics to revitalize the organization and strengthen its competitive position.

Accepted Answer

A) True 
 B)False

Question 14

Retrenchment:

Accepted Answer

A) Often involves work force reductions 
B) Is a growth strategy 
C) Involves an increase in the firm's workforce 
D) Involves a loosening of cost controls 
E) Typically builds on the existing corporate culture 
A) Often involves work force reductions 
B) Is a growth strategy 
C) Involves an increase in the firm's workforce 
D) Involves a loosening of cost controls 
E) Typically builds on the existing corporate culture

Question 15

What is restructuring? Why might a firm restructure? What are some of the common restructuring techniques?

Accepted Answer

Restructuring typically involves a renew

Question 16

Restructuring can be defined as a detailed analysis of a firm's competitors and other external stakeholders and competitive forces.

Accepted Answer

A) True 
 B)False

Question 17

If a firm sells units that are not consistent with the strategic direction of the organization,it is involved in:

Accepted Answer

A) Low-cost leadership 
B) Leveraged buyouts 
C) Downscoping 
D) Outsourcing 
E) Downsizing 
A) Low-cost leadership 
B) Leveraged buyouts 
C) Downscoping 
D) Outsourcing 
E) Downsizing

Question 18

Businesses that should be strongly considered for divestiture during restructuring include those:

Accepted Answer

A) With high value in the financial markets 
B) With high R&D expenses 
C) With low operational relatedness 
D) With low to moderate risk 
E) With high capital intensity 
A) With high value in the financial markets 
B) With high R&D expenses 
C) With low operational relatedness 
D) With low to moderate risk 
E) With high capital intensity

Question 19

One example of a leveraged buyout is when a business unit is purchased by its managers.

Accepted Answer

A) True 
 B)False

Question 20

Which type of control provides managers with information concerning outcomes from organizational activities?

Accepted Answer

A) Feedforward control 
B) Vertical control 
C) Feedback control 
D) Horizontal control 
E) Integrative control 
A) Feedforward control 
B) Vertical control 
C) Feedback control 
D) Horizontal control 
E) Integrative control

A strategic control system helps managers to assess the relevance of the organization's strategy:

A control system that is based on socialization of organizational members is:

Which of the following is a common outcome from leveraged buyouts?

When managers are trying to anticipate changes in the internal and external environments,they are using:

Budgets are a common type of feedforward control.

Chapter XI reorganization:

Feedback control systems perform the following functions in organizations:

What is a divestiture? Describe the two common types of divestitures.What types of businesses should be divested?

Common restructuring techniques include all of the following except:

Which of the following provides an opportunity for an organization to work out a plan for solving its financial problems under the supervision of a federal court?

Feedback control systems can motivate managers to pursue organizational interests as opposed to purely personal interests.

What is a strategic control system? What is the difference between feedforward and feedback controls?

Restructuring typically involves a renewed emphasis on the things an organization does well,combined with a variety of tactics to revitalize the organization and strengthen its competitive position.

Retrenchment:

What is restructuring? Why might a firm restructure? What are some of the common restructuring techniques?

Restructuring can be defined as a detailed analysis of a firm's competitors and other external stakeholders and competitive forces.

If a firm sells units that are not consistent with the strategic direction of the organization,it is involved in:

Businesses that should be strongly considered for divestiture during restructuring include those:

One example of a leveraged buyout is when a business unit is purchased by its managers.

Which type of control provides managers with information concerning outcomes from organizational activities?

The Strategic Management Process

The External Environment

Organizational Resources and Competitive Advantage

Strategic Leadership and Strategic Direction

Business-Level Strategies

Corporate Strategies

Strategy Implementation

Filters

Exam 8: Strategic Control and Restructuring

A strategic control system helps managers to assess the relevance of the organization's strategy:

A control system that is based on socialization of organizational members is:

Which of the following is a common outcome from leveraged buyouts?

When managers are trying to anticipate changes in the internal and external environments,they are using:

Budgets are a common type of feedforward control.

Chapter XI reorganization:

Feedback control systems perform the following functions in organizations:

What is a divestiture? Describe the two common types of divestitures.What types of businesses should be divested?

Common restructuring techniques include all of the following except:

Which of the following provides an opportunity for an organization to work out a plan for solving its financial problems under the supervision of a federal court?

Feedback control systems can motivate managers to pursue organizational interests as opposed to purely personal interests.

What is a strategic control system? What is the difference between feedforward and feedback controls?

Restructuring typically involves a renewed emphasis on the things an organization does well,combined with a variety of tactics to revitalize the organization and strengthen its competitive position.

Retrenchment:

What is restructuring? Why might a firm restructure? What are some of the common restructuring techniques?

Restructuring can be defined as a detailed analysis of a firm's competitors and other external stakeholders and competitive forces.

If a firm sells units that are not consistent with the strategic direction of the organization,it is involved in:

Businesses that should be strongly considered for divestiture during restructuring include those:

One example of a leveraged buyout is when a business unit is purchased by its managers.

Which type of control provides managers with information concerning outcomes from organizational activities?

The Strategic Management Process

The External Environment

Organizational Resources and Competitive Advantage

Strategic Leadership and Strategic Direction

Business-Level Strategies

Corporate Strategies

Strategy Implementation

Filters