MGT 450 Strategic Planning for Organizations

MGT 450 Strategic Planning for Organizations

Week 1 Quiz (All correct)

Question 1                         

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

 

Question 2

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

 

 

Question 3         

Under which condition is a matrix organization not the best one?

Managing international operations

Managing multiple projects

Producing distinct product lines

Managing multiple brands

Managing divisions

Question 4         

CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.

 

True

False

 

 

Question 5                         

Which of the following is not regulated?

Education

Electric utilities

Computers

Prescription drugs

Airline safety

Question 6                         

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

 

 

Question 7         

Every company that does business in the US must have its financial statements audited.

True

False

 

 

Question 8         

Acquisitions fail for many reasons; which of the following is not one of them?

The acquirer overpaid

Management hubris

Cultures are incompatible

Ignorance about the business

Key personnel leave

 

 

 

Question 9                         

All US public companies are regulated by the Securities and Exchange Commission (SEC) even though they are in competitive, unregulated industries.

True

False

 

 

Question 10                      

Which of the following is not a type of director in a firm’s board of directors?

Outsiders

Related outsiders

Insiders

Related insiders

Independents

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