MGT603 Quiz 11 november fall 2010

[Xpert]

Establishing and implementing ways of making things work is known as:


Planning

Organizing

Leading

Controlling

[FONT=&quot]Which one of the following area can be the weakness of a firm? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Changing lifestyle[/FONT]

[FONT=&quot]High oil prices[/FONT]

[FONT=&quot]Ineffective Marketing[/FONT]

[FONT=&quot]Increasing pollution [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Departmentalization can be done on the basis of many factors EXCEPT: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Functions[/FONT]

[FONT=&quot]Number of employees[/FONT]

[FONT=&quot]Strategic business units[/FONT]

[FONT=&quot]Divisions[/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Developing a vision and a mission statement is important because of the following reasons EXCEPT: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]They are useful for large firms only[/FONT]

[FONT=&quot]They establish organizational culture[/FONT]

[FONT=&quot]They are the basis for allocating resources[/FONT]

[FONT=&quot]They translate objectives into work structure[/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which of the following are the five forces that affect the level of competition in an industry? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry[/FONT]

[FONT=&quot]Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession[/FONT]

[FONT=&quot]Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry[/FONT]

[FONT=&quot]Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Identify the term that is known as a “mean of providing guidance to actions and procedures, including how resources are to be allocated and how tasks assigned to the organization might be accomplished”. [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Aspirations[/FONT]

[FONT=&quot]Objectives[/FONT]

[FONT=&quot]Policies[/FONT]

[FONT=&quot]Goals [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Effective mission statements don’t have one of the following features: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Generate range of feasible strategic alternatives[/FONT]

[FONT=&quot]Reconcile interests among diverse stakeholders[/FONT]

[FONT=&quot]What does the firm want to become[/FONT]

[FONT=&quot]Provide criteria for selecting strategies [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which category of ratios measures a firm’s ability to meet maturing short-term obligations? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Profitability[/FONT]

[FONT=&quot]Leverage[/FONT]

[FONT=&quot]Liquidity[/FONT]

[FONT=&quot]Activity [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]All of the following are included in the five functions of the management process EXCEPT: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Planning[/FONT]

[FONT=&quot]Organizing[/FONT]

[FONT=&quot]Leading[/FONT]

[FONT=&quot]Delegating [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Intuition is based on all of the following factors EXCEPT: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Past experiences[/FONT]

[FONT=&quot]Judgments [/FONT]

[FONT=&quot]Uncertainties[/FONT]

[FONT=&quot]Feelings [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Internal strengths and weaknesses that can significantly benefit or harm an organization may include all of the following EXCEPT: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Production/ operations[/FONT]

[FONT=&quot]Research & development[/FONT]

[FONT=&quot]E-commerce[/FONT]

[FONT=&quot]Management information system [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]The general conditions for competition that influence business firms, which provide similar products and services is known: [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Remote environment [/FONT]

[FONT=&quot]International environment [/FONT]

[FONT=&quot]External environment[/FONT]

[FONT=&quot]Industry environment [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which of the following decisions determine the amount of funds that are retained in a firm compared to the amount paid out to stockholders? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Financing[/FONT]

[FONT=&quot]Investment[/FONT]

[FONT=&quot]Capital[/FONT]

[FONT=&quot]Dividend [/FONT]

[FONT=&quot]Which statement is CORRECT about strategic-management process? [/FONT]
[FONT=&quot][/FONT]

[FONT=&quot]It occurs once a year[/FONT]

[FONT=&quot]It is a continuous process[/FONT]

[FONT=&quot]It applies mostly to large business[/FONT]

[FONT=&quot]It applies mostly to small businesses[/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Choose the economic variable from the list. [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Attitudes toward business [/FONT]

[FONT=&quot]Attitudes toward product quality [/FONT]

[FONT=&quot]Population changes by race[/FONT]

[FONT=&quot]Stock market trends [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which of the following environment includes all those factors which affect the organization and itself affected by the organization? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]External environment[/FONT]

[FONT=&quot]Social environment[/FONT]

[FONT=&quot]Task environment[/FONT]

[FONT=&quot]Internal environment[/FONT]

[FONT=&quot]Which one of the following is NOT a basic mission of a competitive intelligence program? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]To provide a general understanding of an industry[/FONT]

[FONT=&quot]To provide a general understanding of a company’s competitors[/FONT]

[FONT=&quot]To identify industry executives who could be hired by the firm[/FONT]

[FONT=&quot]To identify potential moves a competitor might make that would endanger a firm [/FONT]

[FONT=&quot]In the process of developing a mission statement, which of the following is CORRECT? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]To involve as few managers as possible[/FONT]

[FONT=&quot]To involve as many managers as possible[/FONT]

[FONT=&quot]To involve upper-level management only[/FONT]

[FONT=&quot]To involve the board of directors only [/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which marketing function includes test marketing? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Selling products/services[/FONT]

[FONT=&quot]Customer analysis[/FONT]

[FONT=&quot]Product/service planning[/FONT]

[FONT=&quot]Distributing[/FONT]

[FONT=&quot]
[/FONT]

[FONT=&quot]Which of the following are the factors that concern the nature and direction of the economy in which a firm operates? [/FONT]
[FONT=&quot]Select correct option: [/FONT]


[FONT=&quot]Technological[/FONT]

[FONT=&quot]Ecological[/FONT]

[FONT=&quot]Social[/FONT]

[FONT=&quot]Economic [/FONT]

[FONT=&quot]
[/FONT]