Week 1 Quiz (All correct)
What does a business model describe?
A revenue and expense model
A rationale of how the company creates, delivers, and captures value
A plan to generate money for the firm
How the company positions itself in the industry
None of the above
What is strategic planning?
Any decision that affects the company’s ability to complete, its position in the industry, or its viability as a going concern
One person’s or one group’s attempt at arriving at a strategy
The process by which one develops a strategy to achieve certain purposes
How a company actually competes
The entire set of resulting experiences—at some price—that an organization causes its customers to have
Under which condition is a matrix organization not the best one?
Managing international operations
Managing multiple projects
Producing distinct product lines
Managing multiple brands
CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.
Which of the following is not regulated?
Which of the following is not a strategic decision?
Deciding on a strategy
Change an advertising campaign
Whether to adopt a new technology
How to develop a core competence
Whether to sell the business
Every company that does business in the US must have its financial statements audited.
Acquisitions fail for many reasons; which of the following is not one of them?
The acquirer overpaid
Cultures are incompatible
Ignorance about the business
Key personnel leave
All US public companies are regulated by the Securities and Exchange Commission (SEC) even though they are in competitive, unregulated industries.
Which of the following is not a type of director in a firm’s board of directors?