Social Sciences Business Business management
Principles of Management C483 - Quiz Questions
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Engineering Management ACCT1 (BU) L3 & L4 P3/U2 Internal Audit Plan etc. AUD 1 -
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The planning level with the shortest time horizon is E
known as _____ planning.
A. vertical
B. managerial
C. developmental
D. tactical
E. operational
Which of the following takes place after a firm formulates C
its strategy?
A. Analysis of internal strengths and weaknesses
B. SWOT analysis
C. Strategy implementation
D. Analysis of external opportunities and threats
D. Establishment of mission, vision, and goals
Which of the following is one among the six components B
of the strategic management process?
A. Stockholder reporting
B. SWOT analysis
C. Skill improvement plan
D. Technology assessment
E. Stakeholder analysis
A(n) _____ illustrates the four key drivers of a firm's long- E
term success, and shows how goals in each area are
linked to others.
A. objective script
B. decision tree
C. GANTT chart
D. PERT chart
E. strategy map
,Benchmarking is the process of assessing how well one B
company's basic functions and skills compare with:
A. government standards.
B. those of another company.
C. supplier and distributor requirements.
D. stockholder demands.
E. customer expectations.
The most effective _____ statements inspire organization D
members, offering a worthwhile target for the entire
organization to work together
to achieve.
A. business definition
B. operation
C. financial
D. vision
E. quality
The planning process is similar to the _____ process in that B
both have a series of steps that are typically repeated in a
cycle.
A. strategy-mapping
B. decision-making
C. environmental analysis
D. tactical alignment
E. goal-setting
_____ is considered as an activity of the external A
environment of an organization.
Refer To: Table 4.1
A. Macroeconomic Analysis
B. Marketing Audit
C. Financial analysis
D. Human resources assessment
E. Operations Analysis
A vertical integration strategy is a strategy: B
A. used to add new businesses that produce related
products or are involved in related markets and activities.
B. that involves expanding the domain of the organization
into supply channels or to distributors.
C. an organization uses to build competitive advantage
by being unique in its industry or market segment along
one or more dimensions.
D. employed for an organization that operates a single
business and competes in a single industry.
E. used to add new businesses that produce unrelated
products or are involved in unrelated markets and
activities.
, The strategy an organization uses to build competitive C
advantage by being unique in its industry or market
segment along one or more
dimensions is known as a(n) _____ strategy.
A. concentration
B. functional
C. differentiation
D. low-cost
E. integrated
_____ include sets of actions to be taken when a company's A
initial plans have not worked well or if events in the
external environment require
a sudden change.
A. Contingency plans
B. Differentiation strategies
C. Business incubators
D. Functional plans
E. Strategic maps
In a SWOT analysis, the absence of reliable suppliers A
would be considered as a(n):
A. weakness.
B. opportunity.
C. weakness and a threat.
D. threat.
E. strength.
Which of the following is true of operational planning? B
A. It focuses only on processes required in the higher
organizational levels.
B. It identifies specific plans and procedures.
C. It translates broad strategic goals into specific goals.
D. It is performed by top level managers.
E. It is a long-term plan spanning over three years.
_____ provides individuals and work units with a clear map B
to follow in future activities.
A. A BCG matrix
B. Planning
C. Staffing
D. A mission statement
E. Charting
Principles of Management C483 - Quiz Questions
Save
Students also studied
Engineering Management ACCT1 (BU) L3 & L4 P3/U2 Internal Audit Plan etc. AUD 1 -
31 terms Teacher 18 terms 26 terms 27 terms
ozivitz4 Preview MrsBurdick Preview gailsciascia2 Preview afd
The planning level with the shortest time horizon is E
known as _____ planning.
A. vertical
B. managerial
C. developmental
D. tactical
E. operational
Which of the following takes place after a firm formulates C
its strategy?
A. Analysis of internal strengths and weaknesses
B. SWOT analysis
C. Strategy implementation
D. Analysis of external opportunities and threats
D. Establishment of mission, vision, and goals
Which of the following is one among the six components B
of the strategic management process?
A. Stockholder reporting
B. SWOT analysis
C. Skill improvement plan
D. Technology assessment
E. Stakeholder analysis
A(n) _____ illustrates the four key drivers of a firm's long- E
term success, and shows how goals in each area are
linked to others.
A. objective script
B. decision tree
C. GANTT chart
D. PERT chart
E. strategy map
,Benchmarking is the process of assessing how well one B
company's basic functions and skills compare with:
A. government standards.
B. those of another company.
C. supplier and distributor requirements.
D. stockholder demands.
E. customer expectations.
The most effective _____ statements inspire organization D
members, offering a worthwhile target for the entire
organization to work together
to achieve.
A. business definition
B. operation
C. financial
D. vision
E. quality
The planning process is similar to the _____ process in that B
both have a series of steps that are typically repeated in a
cycle.
A. strategy-mapping
B. decision-making
C. environmental analysis
D. tactical alignment
E. goal-setting
_____ is considered as an activity of the external A
environment of an organization.
Refer To: Table 4.1
A. Macroeconomic Analysis
B. Marketing Audit
C. Financial analysis
D. Human resources assessment
E. Operations Analysis
A vertical integration strategy is a strategy: B
A. used to add new businesses that produce related
products or are involved in related markets and activities.
B. that involves expanding the domain of the organization
into supply channels or to distributors.
C. an organization uses to build competitive advantage
by being unique in its industry or market segment along
one or more dimensions.
D. employed for an organization that operates a single
business and competes in a single industry.
E. used to add new businesses that produce unrelated
products or are involved in unrelated markets and
activities.
, The strategy an organization uses to build competitive C
advantage by being unique in its industry or market
segment along one or more
dimensions is known as a(n) _____ strategy.
A. concentration
B. functional
C. differentiation
D. low-cost
E. integrated
_____ include sets of actions to be taken when a company's A
initial plans have not worked well or if events in the
external environment require
a sudden change.
A. Contingency plans
B. Differentiation strategies
C. Business incubators
D. Functional plans
E. Strategic maps
In a SWOT analysis, the absence of reliable suppliers A
would be considered as a(n):
A. weakness.
B. opportunity.
C. weakness and a threat.
D. threat.
E. strength.
Which of the following is true of operational planning? B
A. It focuses only on processes required in the higher
organizational levels.
B. It identifies specific plans and procedures.
C. It translates broad strategic goals into specific goals.
D. It is performed by top level managers.
E. It is a long-term plan spanning over three years.
_____ provides individuals and work units with a clear map B
to follow in future activities.
A. A BCG matrix
B. Planning
C. Staffing
D. A mission statement
E. Charting
