Business Midterm Pt. 3

57 Questions  I  By Nnguy030
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Business Quizzes & Trivia
Practice questions for Principles of Management.

  
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Questions and Answers

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1. 
  1. Those stakeholders most often emphasized in mission statements are:
A.
B.
C.
D.
2. 
  1. The Starbucks mission statement describes guiding principles and the organization’s:
A.
B.
C.
D.
3. 
  1. Values statements are all EXCEPT:
A.
B.
C.
D.
4. 
  1. Together mission and vision guide all of the following EXCEPT:
A.
B.
C.
D.
5. 
  1. Organization design should do all EXCEPT the following:
A.
B.
C.
D.
6. 
  1. Disney has helped Pixar achieve their strategy of combining proprietary technology and creative talent to develop memorable animated characters through all EXCEPT the following:
A.
B.
C.
D.
7. 
  1. Organizational culture is defined by all of the following EXCEPT:
A.
B.
C.
D.
8. 
  1. Social networks are often referred to as:
A.
B.
C.
D.
9. 
  1. Real change leaders are:
A.
B.
C.
D.
10. 
  1. According to the principles of visionary leadership, the essentials for successful revolution include all EXCEPT:
A.
B.
C.
D.
11. 
  1. Controlling consists of the following steps EXCEPT:
A.
B.
C.
D.
12. 
  1. Human resources management alignment means:
A.
B.
C.
D.
13. 
  1. DeGraf and Lawrence suggest that there are four types of creativity and they include all EXCEPT the following:
A.
B.
C.
D.
14. 
  1. Which of the following are creativity tools:
A.
B.
C.
D.
15. 
  1. All of the following describe Lateral EXCEPT:
A.
B.
C.
D.
16. 
  1. NGT is useful for all of the following EXCEPT:
A.
B.
C.
D.
17. 
  1. The supplies needed for nominal group technique includes all EXCEPT:
A.
B.
C.
D.
18. 
  1. The number of people who participate in a nominal group technique is generally:
A.
B.
C.
D.
19. 
  1. When you identify critical stakeholders, it is a good idea to determine all of the following EXCEPT:
A.
B.
C.
D.
20. 
  1. A stakeholder group composed of the CEO and members of the top management team is considered an important stakeholder group for all of the following reasons EXCEPT:
A.
B.
C.
D.
21. 
  1. The four categories of stakeholders of a firm are:
A.
B.
C.
D.
22. 
  1. How are shareholders affected by a firm’s strategies?
A.
B.
C.
D.
23. 
  1. Mission and vision development are analogous to which step in the principles of management framework:
A.
B.
C.
D.
24. 
  1. The content of the mission and vision statements process is analogous to which step in the principles of management framework:
A.
B.
C.
D.
25. 
  1. The communications step of the mission and vision statements development process is analogous to which step in the principles of management framework:
A.
B.
C.
D.
26. 
  1. Firms rely on bottom-up innovation processes to communicate a strategy because:
A.
B.
C.
D.
27. 
  1. The monitoring step of the mission and vision statements development process is analogous to which step of the principles of management framework?
A.
B.
C.
D.
28. 
  1. Strategy is a central part of the function in the POLC framework:
A.
B.
C.
D.
29. 
  1. Strategy formulation answers the question:
A.
B.
C.
D.
30. 
  1. A firm’s strategy includes all EXCEPT the following:
A.
B.
C.
D.
31. 
  1. The purpose of diversification is:
A.
B.
C.
D.
32. 
  1. Major diversification strategies include all EXCEPT the following:
A.
B.
C.
D.
33. 
  1. Examples of business strategy include all the following EXCEPT:
A.
B.
C.
D.
34. 
  1. Strategy formulation is an essential component of the POLC framework:
A.
B.
C.
D.
35. 
  1. The different aspects of strategy as distinguished by Mintzberg include all of the following EXCEPT:
A.
B.
C.
D.
36. 
  1. According to Mintzberg, the percent of intended strategy realized is:
A.
B.
C.
D.
37. 
  1. At Intel the key historic decision to abandon memory chips and concentrate upon microprocessors was the result of all of the following EXCEPT:
A.
B.
C.
D.
38. 
  1. While there are different schools of thought about how strategy comes about, researchers generally agree the common characteristic across successful organizations is:
A.
B.
C.
D.
39. 
  1. Generic strategies that Porter argues can be used singly or in combination to create a defendable position and to outperform competitors include all of the following EXCEPT:
A.
B.
C.
D.
40. 
  1. Superiority in competitive advantage refers to all of the following factors EXCEPT:
A.
B.
C.
D.
41. 
  1. A low-cost leadership strategy is particularly effective for the following organizations EXCEPT:
A.
B.
C.
D.
42. 
  1. In a differentiation strategy, the product difference may be based on any or all of the following EXCEPT:
A.
B.
C.
D.
43. 
  1. In order for differentiation strategy to succeed, firms must do all of the following EXCEPT:
A.
B.
C.
D.
44. 
  1. All of the following regarding straddling strategies is correct EXCEPT:
A.
B.
C.
D.
45. 
  1. According to Treacy and Wiersema, generic value disciplines include all of the following EXCEPT:
A.
B.
C.
D.
46. 
  1. Key characteristics of operational excellence value discipline include all of the following EXCEPT:
A.
B.
C.
D.
47. 
  1. Firms that do the product leadership strategy well include all of the following factors EXCEPT:
A.
B.
C.
D.
48. 
  1. Core competencies include all of the following EXCEPT:
A.
B.
C.
D.
49. 
  1. A firm’s intangible resources include all of the following EXCEPT:
A.
B.
C.
D.
50. 
  1. In the value chain, all of the following activities are deemed to add direct value to a firm EXCEPT:
A.
B.
C.
D.
51. 
  1. The VRIO framework is an acronym that includes all of the following EXCEPT:
A.
B.
C.
D.
52. 
  1. PESTEL is  an acronym which includes all of the following EXCEPT:
A.
B.
C.
D.
53. 
  1. The intensity of industry competition and an industry’s profit potential are a function of all of the following forces of competition EXCEPT:
A.
B.
C.
D.
54. 
  1. The lower the buyers’ switching costs:
A.
B.
C.
D.
55. 
  1. Using Porter’s analysis firms are likely to generate higher profits if the industry includes all of the following EXCEPT:
A.
B.
C.
D.
56. 
  1. The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:
A.
B.
C.
D.
57. 
  1. Industry characteristics of an attractive industry, one where firms may achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:
A.
B.
C.
D.
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