1. The fundamental purpose for the existence of any organization isdescribed by itsa. policiesADVERTISEMENTS:b. missionc. proceduresd. strategyAns. b
ADVERTISEMENTS:2. The fundamental purpose of an organization’s mission statementis to
3. The acronym SWOT stands for
ADVERTISEMENTS:4. Which of the following is not a characteristic of strategicmanagement that makes it different from other types ofmanagement?
d. It concerns the present direction of the organization.Ans. d5. Which of the following is an issue considered in developingcorporate strategies?a. What business(es) are we in?
ADVERTISEMENTS:b. What direction are we going?c. What resources do we have to implement our strategies?d. What businesses are we in and what to do with those businesses?Ans. c6. Which of the following is NOT a major element of the strategicmanagement process?
7. Competitive advantage can best be described as:
ADVERTISEMENTS:b. what sets an organization apart.c. a strength of the organization.d. intangible resources.Ans. a8. ________________ is the foundation of blue ocean strategy.
9. The various organizational routines and processes that determinehow efficiently and effectively the organization transforms its inputsinto outputs are called:a. strengths.ADVERTISEMENTS:b. core competencies.c. capabilities.d. customer value.Ans. b
10. When defining strategic management the most important thingto remember is that it is:
ADVERTISEMENTS:b. Mainly the province of senior managersc. A living evolving processd. More conceptual than practicale. A way of determining responsibilitiesAns. c
44. The fundamental purpose for the existence of any organization is described by its:A) policiesB) proceduresC) corporate charterD) mission statementE) bylaws
45. A productivity increase in one operation that doesn’t improve overall productivity of the businessisn’t
B) efficientC) politically justifiedD) productiveE) financially justified46. Value added can be calculated by:
47. Which of the following is true?
48. Distinctive competencies in organizations generally relate to:A) priceB) qualityC) timeD) flexibilityE) all of the above
49. Which of the following is not considered to be a cure for poor competitiveness?
50. Time-based approaches of business organizations focus on reducing the time to accomplish certainnecessary activities. Time reductions seldom apply to:
51. The external elements of SWOT analysis are:
52. In an assembly operation at a furniture factory, six employees assembled an average of 450standard dining chairs per 5-day week. What is the labor productivity of this operation?A) 90 chairs/worker/dayB) 20 chairs/worker/dayC) 15 chairs/worker/dayD) 75 chairs/worker/day
E) none of the aboveDifficulty: Easy53. Which of the following is not a reason for poor performance of our organization in themarketplace?