MG 495 Week 4 Exam | Assignment Help | Park University
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- 30 Aug 2020
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MG 495 Week 4 Exam | Assignment Help | Park University
Question 1
A staggered board
o
makes it easier for shareholders to curb
a CEO's power.
o
increases the chances of a hostile
takeover.
o
all of the above.
o
has only a portion of the board stand
for election each year.
o
is seen in less than 50% of U.S. boards.
Question 2
One desired outcome of
analyzing strategic factors is identifying niches where an organization can use
its ______ to take advantage of a particular market opportunity
o
distinctive competencies.
o
situational proficiency.
o
differentiating capabilities.
o
distinctive characteristics.
o
core competencies.
Question 3
One of the benefits of
globalization is
o
increased taxes.
o
increased union negotiations.
o
decreased outsourcing.
o
economies of scale.
o
additional human resource training.
Question 4
In a fragmented
industry
o
companies integrate to further reduce
costs.
o
prices drop as new competitors enter the
market.
o
economies of scale are used to reduce
costs.
o
all of the above.
o
no firm has large market share.
Question 5
Codetermination
o
is the process by which both management
and the board establish corporate strategic management.
o
is the inclusion of a corporation's
employees on its board.
o
occurs when minority shareholders
concentrate their votes.
o
is present when all board members are
also employed by the corporation
o
occurs when one or more individuals on
one board also serve on other boards.
Question 6
Which societal force
includes demographic trends?
o
economic forces.
o
labor forces.
o
Socio cultural forces.
o
technological forces.
o
political-legal forces.
Question 7
Research suggests that
strategic management evolves through four sequential phases in corporations.
The first phase is
o
internally oriented planning.
o
externally oriented planning.
o
forecast-based planning.
o
strategic management.
o
basic financial planning.
Question 8
Most entrepreneurial
ventures follow
o
no strategies.
o
differentiation strategies.
o
focus strategies.
o
stuck in the middle strategies.
o
cost leadership strategies.
Question 9
According to Porter,
the generic competitive strategy that reflects the ability of the corporation
or its business unit to design, produce, and market a comparable product more
efficiently than its competitors is called
o
cost leadership.
o
focus.
o
competitive scope.
o
differentiation.
o
diversification.
Question 10
The process of taking a
new technology from the laboratory to the marketplace is called
o
technology discontinuity.
o
the R&D mix.
o
economies of scope versus operating
leverage.
o
technological transfer.
o
technological competence.
Question 11
According to the text,
unique market opportunities that are available for only a particular
o
time are called
o
trigger points.
o
situational occasions.
o
critical openings.
o
strategy implementation.
o
strategic windows.
Question 12
A sugar company that is
worried that consumers may buy artificial sweetener instead of sugar is
concerned about the
o
threat of substitute products.
o
rivalry among existing firms.
o
bargaining power of suppliers.
o
bargaining power of buyers.
o
threat of new entrants.
Question 13
When strategic managers
have a willingness to reject unfamiliar as well as negative information it is
referred to as
o
strategic myopia.
o
corporate apathy.
o
management indifference.
o
corporate inertia.
o
strategic paralysis.
Question 14
________ theory argues
that senior executives over time tend to view the corporation as an extension
of themselves.
o
Goal setting.
o
Motivation.
o
Stewardship.
o
Population ecology.
o
Agency.
Question 15
The Dow Jones
Sustainability Index includes
o
Environmental, economic, and quality
sustainability.
o
Industry, environmental, and economic
sustainability.
o
Environmental, ethical, and quality
sustainability.
o
environmental, economic, and social
sustainability.
o
ethical, economic, and social
sustainability.
Question 16
When the value chains
of two separate products or services share activities, such as the same
marketing channels, in order to reduce costs, this is an example of
o
economies of integration.
o
economies of scope.
o
outsourcing.
o
economies of scale.
o
economies of learning.
Question 17
The requirements of a
board of directors vary significantly by country and by state; however, there
is a developing consensus as to what the major responsibilities should be.
Which of the following is NOT one of the responsibilities?
o
effective board leadership including the
processes, makeup and output of the board.
o
strategy of the organization.
o
risk vs. initiative and the overall risk
profile of the organization.
o
sustainability.
o
becoming directly involved in managerial
decisions.
Question 18
Which one of the
following is included in the firm's societal environment?
o
special interest groups.
o
competitors.
o
economic forces.
o
resources.
o
governments.
Question 19
In the final phase of
strategic management, strategic information is available to
o
operational personnel.
o
the top management responsible for
decision making.
o
only those responsible for implementing
the strategy.
o
middle management.
o
people throughout the organization.
Question 20
An example of the
promotion variable of the marketing mix is
o
services.
o
discounts.
o
advertising.
o
location.
o
quality.
Question 21
When a company's core
compentencies are superior to those of competitors, these are known as
o
core competencies.
o
key performance factors.
o
distinctive competencies.
o
resources.
o
critical success factors.
Question 22
According to Archie
Carroll, the responsibility that management of a business organization has to
produce goods and services of value to society so that the firm may repay its
creditors and stockholders is called
o
legal responsibilities.
o
discretionary responsibilities.
o
ethical responsibilities.
o
economic responsibilities.
o
financial responsibilities.
Question 23
A code of ethics is
important to clarify company expectations of employee conduct in various
situations and to
o
reduce the burden on the judicial
system.
o
minimize the possibility of mandatory
regulations.
o
make it clear that the company expects
its people to recognize the ethical dimensions in decision and actions.
o
encourage individuals to strive for good
citizenship and corporations to contribute positively to society.
o
promote a high level of societal norms.
Question 24
All of the following
are considered primary stakeholders EXCEPT
o
governments.
o
shareholders.
o
creditors.
o
customers.
o
employees.
Question 25
The breadth of an
organization's culture or the extent to which units throughout an organization
share a common culture is also known as
o
Cultural strategy.
o
Cultural integration.
o
Cultural intensity.
o
Cultural diversification.
o
Cultural prerogative.
Question 26
Contrast agency theory
and stewardship theory.
Question 27
Discuss some reasons
for unethical behavior by business people.
Question 28
Discuss the three basic
organizational structures.
Question 29
What is a strategic
decision and what are its three characteristics?
Question 30
List and discuss the
two factors that tend to determine whether an industry will be primarily
multi-domestic or primarily global?.
USA 
India