Question 1

In the BCG matrix, the star has an _______market share in a rapidly growing industry.

Accepted Answer

The answer of In the BCG matrix, the star has...

Question 2

Scenario - SS.com

Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that it has established an on-line stock investment and trading subsidiary, SS.com, where investors can trade stocks at the lowest rates in the industry. The .com subsidiary has less than one percent market share but it faces a very high business growth rate. In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates.
-SS.com subsidiary for Swift Stocks can be classified as a_______ .

Accepted Answer

A)  cash cow 
B)  dog 
C)  star 
D)  question mark 
E)  stuck in the middle business 
A)  cash cow 
B)  dog 
C)  star 
D)  question mark 
E)  stuck in the middle business

Question 3

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 4

_______is primarily responsible for strategic goals/plans.

Accepted Answer

A)  Middle management 
B)  Board of directors 
C)  Consultants 
D)  Top management 
E)  Lower management 
A)  Middle management 
B)  Board of directors 
C)  Consultants 
D)  Top management 
E)  Lower management

Question 5

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

Question 6

_______define boundaries within which to make a decision.

Accepted Answer

A)  Programs 
B)  Policies 
C)  Rules 
D)  Procedures 
E)  Projects 
A)  Programs 
B)  Policies 
C)  Rules 
D)  Procedures 
E)  Projects

Question 7

An _______is a desired future state that the organization attempts to realize.

Accepted Answer

The answer of An _______is a desired future state that...

Question 8

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called_______ .

Accepted Answer

decentrali

Question 9

Standing plans define company responses to specific situations such as natural emergencies or competitive setbacks.

Accepted Answer

A) True 
 B)False

Question 10

A statement that identifies distinguishing characteristics of an organization is known as an:

Accepted Answer

A)  goals statement. 
B)  values statement. 
C)  income statement. 
D)  mission statement. 
E)  competitive-edge statement. 
A)  goals statement. 
B)  values statement. 
C)  income statement. 
D)  mission statement. 
E)  competitive-edge statement.

Question 11

Which of the following is NOT one of the benefits of MBO?

Accepted Answer

A)  Performance can be improved at all company levels. 
B)  Employees are motivated. 
C)  Efforts are focused on activities that will lead to goal attainment. 
D)  Operational goals are able to displace strategic goals. 
E)  Individual and department goals are aligned with company goals. 
A)  Performance can be improved at all company levels. 
B)  Employees are motivated. 
C)  Efforts are focused on activities that will lead to goal attainment. 
D)  Operational goals are able to displace strategic goals. 
E)  Individual and department goals are aligned with company goals.

Question 12

_______involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Accepted Answer

A)  Scenario building 
B)  Crisis planning 
C)  Contingency planning 
D)  Trend management 
E)  Caution planning 
A)  Scenario building 
B)  Crisis planning 
C)  Contingency planning 
D)  Trend management 
E)  Caution planning

Question 13

Strategic thinking is more important -profit businesses than for non-profit organizations.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a business activity that an organization does especially well relative to its competition?

Accepted Answer

A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multidomestic 
A)  Strategy 
B)  Synergy 
C)  Cash cow 
D)  Core competence 
E)  Multidomestic

Question 15

_______refers to a broadly stated definition of the organization's basic business scope and operations that distinguishes it from similar types of organizations.

Accepted Answer

A)  Mission statement 
B)  Goal statement 
C)  Management by objective 
D)  Goal setting 
E)  Corporate competitive-value statement 
A)  Mission statement 
B)  Goal statement 
C)  Management by objective 
D)  Goal setting 
E)  Corporate competitive-value statement

Question 16

A project is an example of a:

Accepted Answer

A)  policy. 
B)  standing plan. 
C)  procedure. 
D)  single-use plan. 
E)  rule. 
A)  policy. 
B)  standing plan. 
C)  procedure. 
D)  single-use plan. 
E)  rule.

Question 17

Jeff is a top manager at a textile factory. He is developing a crisis plan in the event that the company has a toxic spill or accident. Which of the following should Jeff undertake to prepare for such a crisis?

Accepted Answer

A)  Building relationships with neighboring businesses 
B)  Detecting signals from the natural environment 
C)  Polling employees on the likelihood of an environmental disaster 
D)  Designating a crisis management team in the event of an environmental disaster 
E)  Dismantling the company's ties to the external media 
A)  Building relationships with neighboring businesses 
B)  Detecting signals from the natural environment 
C)  Polling employees on the likelihood of an environmental disaster 
D)  Designating a crisis management team in the event of an environmental disaster 
E)  Dismantling the company's ties to the external media

Question 18

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as an_______ .

Accepted Answer

A)  external opportunity 
B)  internal strength 
C)  external threat 
D)  external weakness 
E)  congressional chaos 
A)  external opportunity 
B)  internal strength 
C)  external threat 
D)  external weakness 
E)  congressional chaos

Question 19

Where does the information about opportunities and threats comes from?

Accepted Answer

A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization 
A)  An analysis of the organization's internal environment 
B)  A department by department study of the organization 
C)  Scanning the external environments 
D)  Employee grievances 
E)  Financial ratios of the organization

Question 20

In the BCG matrix, the dog has _______market share and _______business growth rate.

Accepted Answer

The answer of In the BCG matrix, the dog has...

In the BCG matrix, the star has an _______market share in a rapidly growing industry.

Strategic partnerships are the current trend, rather than mergers and acquisitions.

_______is primarily responsible for strategic goals/plans.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

_______define boundaries within which to make a decision.

An _______is a desired future state that the organization attempts to realize.

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called_______ .

Standing plans define company responses to specific situations such as natural emergencies or competitive setbacks.

A statement that identifies distinguishing characteristics of an organization is known as an:

Which of the following is NOT one of the benefits of MBO?

_______involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Strategic thinking is more important -profit businesses than for non-profit organizations.

Which of the following is a business activity that an organization does especially well relative to its competition?

_______refers to a broadly stated definition of the organization's basic business scope and operations that distinguishes it from similar types of organizations.

A project is an example of a:

Jeff is a top manager at a textile factory. He is developing a crisis plan in the event that the company has a toxic spill or accident. Which of the following should Jeff undertake to prepare for such a crisis?

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as an_______ .

Where does the information about opportunities and threats comes from?

In the BCG matrix, the dog has _market share and _business growth rate.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing Small Business Start-Ups

Filters

Exam 5: Managerial Planning and Goal Setting

In the BCG matrix, the star has an _______market share in a rapidly growing industry.

Strategic partnerships are the current trend, rather than mergers and acquisitions.

_______is primarily responsible for strategic goals/plans.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

_______define boundaries within which to make a decision.

An _______is a desired future state that the organization attempts to realize.

A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called_______ .

Standing plans define company responses to specific situations such as natural emergencies or competitive setbacks.

A statement that identifies distinguishing characteristics of an organization is known as an:

Which of the following is NOT one of the benefits of MBO?

_______involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Strategic thinking is more important -profit businesses than for non-profit organizations.

Which of the following is a business activity that an organization does especially well relative to its competition?

_______refers to a broadly stated definition of the organization's basic business scope and operations that distinguishes it from similar types of organizations.

A project is an example of a:

Jeff is a top manager at a textile factory. He is developing a crisis plan in the event that the company has a toxic spill or accident. Which of the following should Jeff undertake to prepare for such a crisis?

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as an_______ .

Where does the information about opportunities and threats comes from?

In the BCG matrix, the dog has _______market share and _______business growth rate.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing Small Business Start-Ups

Filters

In the BCG matrix, the dog has _market share and _business growth rate.