Question 1

Differentiate between the main types of corporate-level strategies.

Accepted Answer

The principal corporate-level strategies

Question 2

Functional goals and strategies need to be consistent with both divisional and corporate goals and strategies.

Accepted Answer

A) True 
 B)False

Question 3

According to Michael Porter's theory,it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

Accepted Answer

A) True 
 B)False

Question 4

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a(n):

Accepted Answer

A) Focused-differentiation strategy 
B) Global strategy 
C) Related diversification strategy 
D) Multidomestic strategy 
E) Unrelated diversification strategy 
A) Focused-differentiation strategy 
B) Global strategy 
C) Related diversification strategy 
D) Multidomestic strategy 
E) Unrelated diversification strategy

Question 5

Though not formally written,at RST consulting employees were allowed to dress casually on Fridays.This general guide is called a policy.

Accepted Answer

A) True 
 B)False

Question 6

Most growing companies reinvest their profits to strengthen their competitive position in the industry in which they are currently operating.

Accepted Answer

A) True 
 B)False

Question 7

When Gallo purchased a company that makes wine bottles,it was involved in:

Accepted Answer

A) Horizontal integration 
B) Backward vertical integration 
C) Forward vertical integration 
D) Upward integration 
E) Strategic alliance 
A) Horizontal integration 
B) Backward vertical integration 
C) Forward vertical integration 
D) Upward integration 
E) Strategic alliance

Question 8

In the planning process,it is important to ensure that planning across the three different levels is:

Accepted Answer

A) Dependent 
B) Static 
C) Consistent 
D) Complementary 
E) Independent 
A) Dependent 
B) Static 
C) Consistent 
D) Complementary 
E) Independent

Question 9

Which type of strategy states the methods that a division within an organization will use to compete against its rivals in the industry?

Accepted Answer

A) Functional-level strategy 
B) Departmental-level strategy 
C) Corporate-level strategy 
D) Business-level strategy 
E) Top-level strategy 
A) Functional-level strategy 
B) Departmental-level strategy 
C) Corporate-level strategy 
D) Business-level strategy 
E) Top-level strategy

Question 10

When expanding internationally,which way offers the least amount of risk?

Accepted Answer

A) Exporting 
B) Franchising 
C) Licensing 
D) Wholly owned subsidiary 
E) Joint venture 
A) Exporting 
B) Franchising 
C) Licensing 
D) Wholly owned subsidiary 
E) Joint venture

Question 11

The SWOT analysis is a well-known model that helps managers focus on the five most important competitive forces,or potential threats,in the external environment.

Accepted Answer

A) True 
 B)False

Question 12

A business plan that is updated every year depending on the changes in the organization and in the external environment that have taken place in the previous year is known as a rolling plan.

Accepted Answer

A) True 
 B)False

Question 13

Because of the hostile external environment,RST Consulting treats its multiyear corporate-level plan as a ______ plan in order to maintain flexibility without losing sight of the need to plan for the long term.

Accepted Answer

A) Scenario 
B) Short-term 
C) Contingency 
D) Rolling 
E) Business 
A) Scenario 
B) Short-term 
C) Contingency 
D) Rolling 
E) Business

Question 14

What type of plans are used in situations in which programmed decision making is appropriate?

Accepted Answer

A) Single use 
B) Functional 
C) Rolling 
D) Scenario 
E) Standing 
A) Single use 
B) Functional 
C) Rolling 
D) Scenario 
E) Standing

Question 15

General Electric Company sets a goal that every product line of the company should be either first or second in its industry in market share.What type of goal does this represent?

Accepted Answer

A) Corporate-level 
B) Divisional-level 
C) Functional-level 
D) Business-level 
E) Multidomestic-level 
A) Corporate-level 
B) Divisional-level 
C) Functional-level 
D) Business-level 
E) Multidomestic-level

Question 16

Discuss the four main reasons why planning is important to managers within organizations.

Accepted Answer

Planning provides an opportunity for man

Question 17

Differentiate between a standing plan and a single use plan.

Accepted Answer

Managers create standing and single-use

Question 18

Though not formally written,at RST consulting employees are allowed to dress casually on Fridays.This general guide is called a:

Accepted Answer

A) Policy 
B) Rule 
C) Standard operating procedure 
D) Standing plan 
E) Code of Ethics 
A) Policy 
B) Rule 
C) Standard operating procedure 
D) Standing plan 
E) Code of Ethics

Question 19

Single-use plans are intended to be used primarily in nonprogrammed decision making situations.

Accepted Answer

A) True 
 B)False

Question 20

In performing a SWOT analysis,RST Consulting realized that its staff was relatively untrained.RST Consulting would classify this as a(n):

Accepted Answer

A) S 
B) W 
C) O 
D) T 
E) Both O and T 
A) S 
B) W 
C) O 
D) T 
E) Both O and T

Differentiate between the main types of corporate-level strategies.

Functional goals and strategies need to be consistent with both divisional and corporate goals and strategies.

According to Michael Porter's theory,it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a(n):

Though not formally written,at RST consulting employees were allowed to dress casually on Fridays.This general guide is called a policy.

Most growing companies reinvest their profits to strengthen their competitive position in the industry in which they are currently operating.

When Gallo purchased a company that makes wine bottles,it was involved in:

In the planning process,it is important to ensure that planning across the three different levels is:

Which type of strategy states the methods that a division within an organization will use to compete against its rivals in the industry?

When expanding internationally,which way offers the least amount of risk?

The SWOT analysis is a well-known model that helps managers focus on the five most important competitive forces,or potential threats,in the external environment.

A business plan that is updated every year depending on the changes in the organization and in the external environment that have taken place in the previous year is known as a rolling plan.

Because of the hostile external environment,RST Consulting treats its multiyear corporate-level plan as a ______ plan in order to maintain flexibility without losing sight of the need to plan for the long term.

What type of plans are used in situations in which programmed decision making is appropriate?

General Electric Company sets a goal that every product line of the company should be either first or second in its industry in market share.What type of goal does this represent?

Discuss the four main reasons why planning is important to managers within organizations.

Differentiate between a standing plan and a single use plan.

Though not formally written,at RST consulting employees are allowed to dress casually on Fridays.This general guide is called a:

Single-use plans are intended to be used primarily in nonprogrammed decision making situations.

In performing a SWOT analysis,RST Consulting realized that its staff was relatively untrained.RST Consulting would classify this as a(n):

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters

Exam 8: The Manager As a Planner and Strategist

Differentiate between the main types of corporate-level strategies.

Functional goals and strategies need to be consistent with both divisional and corporate goals and strategies.

According to Michael Porter's theory,it is possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time.

If managers decide to customize products and marketing strategies to specific national conditions,they adopt a(n):

Though not formally written,at RST consulting employees were allowed to dress casually on Fridays.This general guide is called a policy.

Most growing companies reinvest their profits to strengthen their competitive position in the industry in which they are currently operating.

When Gallo purchased a company that makes wine bottles,it was involved in:

In the planning process,it is important to ensure that planning across the three different levels is:

Which type of strategy states the methods that a division within an organization will use to compete against its rivals in the industry?

When expanding internationally,which way offers the least amount of risk?

The SWOT analysis is a well-known model that helps managers focus on the five most important competitive forces,or potential threats,in the external environment.

A business plan that is updated every year depending on the changes in the organization and in the external environment that have taken place in the previous year is known as a rolling plan.

Because of the hostile external environment,RST Consulting treats its multiyear corporate-level plan as a ______ plan in order to maintain flexibility without losing sight of the need to plan for the long term.

What type of plans are used in situations in which programmed decision making is appropriate?

General Electric Company sets a goal that every product line of the company should be either first or second in its industry in market share.What type of goal does this represent?

Discuss the four main reasons why planning is important to managers within organizations.

Differentiate between a standing plan and a single use plan.

Though not formally written,at RST consulting employees are allowed to dress casually on Fridays.This general guide is called a:

Single-use plans are intended to be used primarily in nonprogrammed decision making situations.

In performing a SWOT analysis,RST Consulting realized that its staff was relatively untrained.RST Consulting would classify this as a(n):

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters