MGMT 4513 Exam 1 (2025) Exam Questions &
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Terms in this set (98)
The hierarchy of A
organizational goals is in
this order (least specific to
most specific):
A) Mission statements,
vision statements,
strategic objectives
B) Vision statements,
strategic objectives
C) Vision statements,
mission statements,
strategic objectives
D) Mission statement,
strategic objectives, vision
statements
,T or F: Some excellent False
examples of mission
statements are: "To be the
happiest place on Earth"
(Disney), and "restoring
patients to full life"
(Medtronic).
T or F: Organizational False
goals and objectives
should be vague in order
to allow changes in
strategy.
Increasingly larger C
numbers of women
entering the work force
since the early 1970s is an
example of
A) demographic changes.
B) political and legal
environmental changes.
C) sociocultural chamges.
D) technological
developments.
, An industry is defined as: D
A) Firms producing items
that sell through the same
distribution channels.
B) Firms that have the
same seven digit
standards industrial code.
C) A group of firms
producing the same item.
D) A group of firms
producing products that
are close substitutes.
T or F: The five forces False
model
(buyers/suppliers/new
entrants/substitutes/rivalry
) is a firm-level analytical
model which explains
difference in performance
between the firms that
compete in one industry.
Which is considered a C
force in the "Five-Forces"
model?
A) The threat of
government intervention
B) Recent technological
innovation
C) Rivalry among
competing firms
D) Increased deregulation
in an industry
Answers | Latest Already Graded A+ UPDATE
2025|2026!! STUDY GUIDE EXAM
Save
Terms in this set (98)
The hierarchy of A
organizational goals is in
this order (least specific to
most specific):
A) Mission statements,
vision statements,
strategic objectives
B) Vision statements,
strategic objectives
C) Vision statements,
mission statements,
strategic objectives
D) Mission statement,
strategic objectives, vision
statements
,T or F: Some excellent False
examples of mission
statements are: "To be the
happiest place on Earth"
(Disney), and "restoring
patients to full life"
(Medtronic).
T or F: Organizational False
goals and objectives
should be vague in order
to allow changes in
strategy.
Increasingly larger C
numbers of women
entering the work force
since the early 1970s is an
example of
A) demographic changes.
B) political and legal
environmental changes.
C) sociocultural chamges.
D) technological
developments.
, An industry is defined as: D
A) Firms producing items
that sell through the same
distribution channels.
B) Firms that have the
same seven digit
standards industrial code.
C) A group of firms
producing the same item.
D) A group of firms
producing products that
are close substitutes.
T or F: The five forces False
model
(buyers/suppliers/new
entrants/substitutes/rivalry
) is a firm-level analytical
model which explains
difference in performance
between the firms that
compete in one industry.
Which is considered a C
force in the "Five-Forces"
model?
A) The threat of
government intervention
B) Recent technological
innovation
C) Rivalry among
competing firms
D) Increased deregulation
in an industry
