MGMT 302 Final Exam questions with
complete solutions
a company that concentrates on a specific regional market is engaged in the business - level
strategy of - correct answer ✔✔Focus
which of the following is not an advantage of group decision making - correct answer ✔✔Group
think may occur
the nominal group technique allows for reporting of participant ideas - correct answer ✔✔in
turns until all are given one
staying with the decision despite mounting evidence of its apparent failure is known as - correct
answer ✔✔escalation of commitment
the decision technique that collects and reports the consensus of expert panelists opinion is
termed - correct answer ✔✔Delphi Technique
the classical mode of decision making includes all the following steps except - correct answer
✔✔satisficing
programmed decisions are likelier to occur where there is - correct answer ✔✔High recurrence
(routine) and structure
the GE business matrix is basically an expansion of the - correct answer ✔✔Boston Consulting
group matrix
, a manager who follows innate belief or hunch - possibly based on experience buy beyond logic
0 is exercising the decision process deemed - correct answer ✔✔intuition
the relationship of an organizations goals to its mission statement is that - correct answer
✔✔the goals must fit within the mission
a prominent advantage of the single product strategy is - correct answer ✔✔concentration of
effort and focus
within a diversified firm, a particular business that occupies a "question mark" position in the
Boston Consulting Group matrix has - correct answer ✔✔low relative market share amid a high
market growth
Within the SWOT analysis, elements derived mainly from the internal environment are - correct
answer ✔✔strengths and weaknesses
in decision making, a rule of thumb in selecting an optimal alternative is to weigh the best
combination of all but which of the following - correct answer ✔✔Depreciation
what would a low risk propensity suggest about a manager - correct answer ✔✔less likelihood
of large successes resulting from decision
in a SWOT evaluation, an organization should include as a strength - correct answer ✔✔any
identified distinctive competencies
an overall cost leadership strategy signifies the ability of a company to - correct answer
✔✔maintain lower prices on the basis of reduced operating costs
entrepreneurs are likely to have all the following involvements in their business except - correct
answer ✔✔no-risk environment
complete solutions
a company that concentrates on a specific regional market is engaged in the business - level
strategy of - correct answer ✔✔Focus
which of the following is not an advantage of group decision making - correct answer ✔✔Group
think may occur
the nominal group technique allows for reporting of participant ideas - correct answer ✔✔in
turns until all are given one
staying with the decision despite mounting evidence of its apparent failure is known as - correct
answer ✔✔escalation of commitment
the decision technique that collects and reports the consensus of expert panelists opinion is
termed - correct answer ✔✔Delphi Technique
the classical mode of decision making includes all the following steps except - correct answer
✔✔satisficing
programmed decisions are likelier to occur where there is - correct answer ✔✔High recurrence
(routine) and structure
the GE business matrix is basically an expansion of the - correct answer ✔✔Boston Consulting
group matrix
, a manager who follows innate belief or hunch - possibly based on experience buy beyond logic
0 is exercising the decision process deemed - correct answer ✔✔intuition
the relationship of an organizations goals to its mission statement is that - correct answer
✔✔the goals must fit within the mission
a prominent advantage of the single product strategy is - correct answer ✔✔concentration of
effort and focus
within a diversified firm, a particular business that occupies a "question mark" position in the
Boston Consulting Group matrix has - correct answer ✔✔low relative market share amid a high
market growth
Within the SWOT analysis, elements derived mainly from the internal environment are - correct
answer ✔✔strengths and weaknesses
in decision making, a rule of thumb in selecting an optimal alternative is to weigh the best
combination of all but which of the following - correct answer ✔✔Depreciation
what would a low risk propensity suggest about a manager - correct answer ✔✔less likelihood
of large successes resulting from decision
in a SWOT evaluation, an organization should include as a strength - correct answer ✔✔any
identified distinctive competencies
an overall cost leadership strategy signifies the ability of a company to - correct answer
✔✔maintain lower prices on the basis of reduced operating costs
entrepreneurs are likely to have all the following involvements in their business except - correct
answer ✔✔no-risk environment
