Business Midterm Pt. 3

57 Questions  I  By Nnguy030
Practice questions for Principles of Management.

  
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Question Excerpt

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1. 
  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.
2. 
  1. The four categories of stakeholders of a firm are:
A.
B.
C.
D.
3. 
  1. Strategy is a central part of the function in the POLC framework:
A.
B.
C.
D.
4. 
  1. Strategy formulation is an essential component of the POLC framework:
A.
B.
C.
D.
5. 
  1. The VRIO framework is an acronym that includes all of the following EXCEPT:
A.
B.
C.
D.
6. 
  1. According to Mintzberg, the percent of intended strategy realized is:
A.
B.
C.
D.
7. 
  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.
8. 
  1. Examples of business strategy include all the following EXCEPT:
A.
B.
C.
D.
9. 
  1. Firms rely on bottom-up innovation processes to communicate a strategy because:
A.
B.
C.
D.
10. 
  1. Firms that do the product leadership strategy well include all of the following factors EXCEPT:
A.
B.
C.
D.
11. 
  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.
12. 
  1. How are shareholders affected by a firm’s strategies?
A.
B.
C.
D.
13. 
  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.
14. 
  1. The lower the buyers’ switching costs:
A.
B.
C.
D.
15. 
  1. NGT is useful for all of the following EXCEPT:
A.
B.
C.
D.
16. 
  1. Which of the following are creativity tools:
A.
B.
C.
D.
17. 
  1. Human resources management alignment means:
A.
B.
C.
D.
18. 
  1. Controlling consists of the following steps EXCEPT:
A.
B.
C.
D.
19. 
  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.
20. 
  1. In order for differentiation strategy to succeed, firms must do all of the following EXCEPT:
A.
B.
C.
D.
21. 
  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.
22. 
  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.
23. 
  1. Organization design should do all EXCEPT the following:
A.
B.
C.
D.
24. 
  1. The purpose of diversification is:
A.
B.
C.
D.
25. 
  1. Social networks are often referred to as:
A.
B.
C.
D.
26. 
  1. The supplies needed for nominal group technique includes all EXCEPT:
A.
B.
C.
D.
27. 
  1. In the value chain, all of the following activities are deemed to add direct value to a firm EXCEPT:
A.
B.
C.
D.
28. 
  1. Major diversification strategies include all EXCEPT the following:
A.
B.
C.
D.
29. 
  1. Organizational culture is defined by all of the following EXCEPT:
A.
B.
C.
D.
30. 
  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.
31. 
  1. In a differentiation strategy, the product difference may be based on any or all of the following EXCEPT:
A.
B.
C.
D.
32. 
  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.
33. 
  1. Values statements are all EXCEPT:
A.
B.
C.
D.
34. 
  1. The number of people who participate in a nominal group technique is generally:
A.
B.
C.
D.
35. 
  1. All of the following describe Lateral EXCEPT:
A.
B.
C.
D.
36. 
  1. Key characteristics of operational excellence value discipline include all of the following EXCEPT:
A.
B.
C.
D.
37. 
  1. DeGraf and Lawrence suggest that there are four types of creativity and they include all EXCEPT the following:
A.
B.
C.
D.
38. 
  1. Together mission and vision guide all of the following EXCEPT:
A.
B.
C.
D.
39. 
  1. According to Treacy and Wiersema, generic value disciplines include all of the following EXCEPT:
A.
B.
C.
D.
40. 
  1. When you identify critical stakeholders, it is a good idea to determine all of the following EXCEPT:
A.
B.
C.
D.
41. 
  1. According to the principles of visionary leadership, the essentials for successful revolution include all EXCEPT:
A.
B.
C.
D.
42. 
  1. Strategy formulation answers the question:
A.
B.
C.
D.
43. 
  1. A firm’s intangible resources include all of the following EXCEPT:
A.
B.
C.
D.
44. 
  1. The different aspects of strategy as distinguished by Mintzberg include all of the following EXCEPT:
A.
B.
C.
D.
45. 
  1. The Starbucks mission statement describes guiding principles and the organization’s:
A.
B.
C.
D.
46. 
  1. Real change leaders are:
A.
B.
C.
D.
47. 
  1. Those stakeholders most often emphasized in mission statements are:
A.
B.
C.
D.
48. 
  1. Core competencies include all of the following EXCEPT:
A.
B.
C.
D.
49. 
  1. PESTEL is  an acronym which includes all of the following EXCEPT:
A.
B.
C.
D.
50. 
  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.
51. 
  1. Mission and vision development are analogous to which step in the principles of management framework:
A.
B.
C.
D.
52. 
  1. A low-cost leadership strategy is particularly effective for the following organizations EXCEPT:
A.
B.
C.
D.
53. 
  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.
54. 
  1. All of the following regarding straddling strategies is correct EXCEPT:
A.
B.
C.
D.
55. 
  1. A firm’s strategy includes all EXCEPT the following:
A.
B.
C.
D.
56. 
  1. Superiority in competitive advantage refers to all of the following factors EXCEPT:
A.
B.
C.
D.
57. 
  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.
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