MNGT 4800 CH. 1 EXAM QUESTIONS
AND ANSWERS 100% PASS 2026/2027
A ____ strategy refers to the part of the intended strategy that are abandoned -
ANS Nonrealized
A ____ is an organization which grants the right to use its brand name, products, and processes
to other organizations - ANS franchisor
A ____ fee refers to the upfront fee paid by an organization which gets the right to use another
organization brand name, products, and processes - ANS Franchise
Marty's, a clothing company, has a number of outlets which are owned and managed by private
individuals. These outlets are allowed to use the brand name and products of Marty's after
paying a fee to the company. They also pay a part of their revenues to Marty's. Each of these
outlets is a: - ANS Franchisee
Economies of _____ refer to a cost advantage that is created when a firm can produce a good or
service at a lower per unit price due to producing the good or service in large quantities. -
ANS Scale
Which two pivotal events that took place in 1980 led to the establishment of strategic
management as a field of study? - ANS The creation of the Strategic Management Journal
@2026 ALLRIGHTS RESERVED 1
AND ANSWERS 100% PASS 2026/2027
A ____ strategy refers to the part of the intended strategy that are abandoned -
ANS Nonrealized
A ____ is an organization which grants the right to use its brand name, products, and processes
to other organizations - ANS franchisor
A ____ fee refers to the upfront fee paid by an organization which gets the right to use another
organization brand name, products, and processes - ANS Franchise
Marty's, a clothing company, has a number of outlets which are owned and managed by private
individuals. These outlets are allowed to use the brand name and products of Marty's after
paying a fee to the company. They also pay a part of their revenues to Marty's. Each of these
outlets is a: - ANS Franchisee
Economies of _____ refer to a cost advantage that is created when a firm can produce a good or
service at a lower per unit price due to producing the good or service in large quantities. -
ANS Scale
Which two pivotal events that took place in 1980 led to the establishment of strategic
management as a field of study? - ANS The creation of the Strategic Management Journal
@2026 ALLRIGHTS RESERVED 1
