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Business Midterm Pt. 3

57 Questions  I  By Nnguy030
Business Midterm pt. 3
Practice questions for Principles of Management.

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