Question 1

Franchising is pursued primarily by manufacturing companies.

Accepted Answer

A) True 
 B)False

Question 2

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Accepted Answer

A) True 
 B)False

Question 3

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

Accepted Answer

A) True 
 B)False

Question 4

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,they are engaged in:

Accepted Answer

A)  concentration on a single business. 
B)  unrelated diversification. 
C)  international expansion. 
D)  related diversification. 
E)  vertical integration. 
A)  concentration on a single business. 
B)  unrelated diversification. 
C)  international expansion. 
D)  related diversification. 
E)  vertical integration.

Question 5

Corporate-level planning is the primary responsibility of middle management in an organization.

Accepted Answer

A) True 
 B)False

Question 6

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

Accepted Answer

A)  policy. 
B)  standing operating procedure. 
C)  scenario plan. 
D)  rolling plan. 
E)  rule. 
A)  policy. 
B)  standing operating procedure. 
C)  scenario plan. 
D)  rolling plan. 
E)  rule.

Question 7

The ability of the CEO and top managers to convey to their subordinates a compelling vision of what they want the organization to achieve is known as ______________ leadership.

Accepted Answer

A)  qualitative 
B)  strategic 
C)  autocratic 
D)  tactical 
E)  transformational 
A)  qualitative 
B)  strategic 
C)  autocratic 
D)  tactical 
E)  transformational

Question 8

BIC,makers of ballpoint pens and razors,concentrates on making its products less expensive than its rivals.BIC is pursuing a ______________ strategy.

Accepted Answer

A)  focused differentiation 
B)  diversification 
C)  differentiation 
D)  low-cost 
E)  market development 
A)  focused differentiation 
B)  diversification 
C)  differentiation 
D)  low-cost 
E)  market development

Question 9

Another name for the business level of the organization is the ______________ level.

Accepted Answer

A)  functional 
B)  department 
C)  corporate 
D)  divisional 
E)  first-line 
A)  functional 
B)  department 
C)  corporate 
D)  divisional 
E)  first-line

Question 10

The corporate-level plan outlines the specific methods a division,business unit,or organization will use to compete effectively against its rivals in an industry.

Accepted Answer

A) True 
 B)False

Question 11

A broad declaration of the organization's overriding purpose,which is intended to identify the organization's products and customer base,as well as to differentiate the organization from its competitors,is known as a ____________ statement.

Accepted Answer

A)  functional-level 
B)  mission 
C)  formulated strategy 
D)  positioning 
E)  vision 
A)  functional-level 
B)  mission 
C)  formulated strategy 
D)  positioning 
E)  vision

Question 12

Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits.This is an example of:

Accepted Answer

A)  franchising. 
B)  licensing. 
C)  a strategic alliance. 
D)  a joint venture. 
E)  a wholly owned foreign subsidy. 
A)  franchising. 
B)  licensing. 
C)  a strategic alliance. 
D)  a joint venture. 
E)  a wholly owned foreign subsidy.

Franchising is pursued primarily by manufacturing companies.

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,they are engaged in:

Corporate-level planning is the primary responsibility of middle management in an organization.

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

The ability of the CEO and top managers to convey to their subordinates a compelling vision of what they want the organization to achieve is known as ______________ leadership.

BIC,makers of ballpoint pens and razors,concentrates on making its products less expensive than its rivals.BIC is pursuing a ______________ strategy.

Another name for the business level of the organization is the ______________ level.

The corporate-level plan outlines the specific methods a division,business unit,or organization will use to compete effectively against its rivals in an industry.

A broad declaration of the organization's overriding purpose,which is intended to identify the organization's products and customer base,as well as to differentiate the organization from its competitors,is known as a ____________ statement.

Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits.This is an example of:

The Management Process Today

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

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters

Exam 6: Planning, Strategy, and Competitive Advantage

Franchising is pursued primarily by manufacturing companies.

At the functional level,the business-level plan provides the framework within which functional managers devise their plans.

Each division's functional managers are responsible for the planning and strategy making necessary to increase the efficiency and effectiveness of their particular function.

When an organization enters a new type of industry,which is not similar in any way to the current businesses of the organization,they are engaged in:

Corporate-level planning is the primary responsibility of middle management in an organization.

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a:

The ability of the CEO and top managers to convey to their subordinates a compelling vision of what they want the organization to achieve is known as ______________ leadership.

BIC,makers of ballpoint pens and razors,concentrates on making its products less expensive than its rivals.BIC is pursuing a ______________ strategy.

Another name for the business level of the organization is the ______________ level.

The corporate-level plan outlines the specific methods a division,business unit,or organization will use to compete effectively against its rivals in an industry.

A broad declaration of the organization's overriding purpose,which is intended to identify the organization's products and customer base,as well as to differentiate the organization from its competitors,is known as a ____________ statement.

Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits.This is an example of:

The Management Process Today

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

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters