One difference between CPM and EFE is that

One difference between CPM and EFE is that A) CPM includes both internal and external issues. B) the weights and total weighted scores have different...

What is the first step in designing an EFE Matrix?

What is the first step in designing an EFE Matrix? A) Identifying key external factors in the industry B) Summing the weighted score for each competitor C)...

Without assumptions, planning would be

Without assumptions, planning would be A) impossible. B) easier. C) difficult. D) inexpensive. E) intuitive. Answer: ...

Market commonality can be defined as

Market commonality can be defined as A) the number and significance of markets that a firm competes in with rivals. B) the number and significance...

What happens when interest rates rise?

What happens when interest rates rise? A) Discretionary income increases B) The demand for discretionary goods increases C) Discretionary income...

________ is NOT part of an external audit.

________ is NOT part of an external audit. A) Analyzing competitors B) Analyzing financial ratios C) Analyzing available technologies D) Studying...

Effective mission statements can vary in

Effective mission statements can vary in A) length. B) content. C) format. D) specificity. E) all of the above Answer: ...

In developing a mission statement, arousing emotion

In developing a mission statement, arousing emotion A) is not a benefit. B) is futile. C) is important. D) should be avoided if possible. E) is counterproductive....

A good mission statement has

A good mission statement has A) an employee orientation. B) a customer orientation. C) a shareholder orientation. D) an environmental orientation. E)...

All stakeholders

All stakeholders A) have claims and concerns about an organization, but these claims and concerns vary. B) have the same claims and concerns about...

The vision statement answers which question?

The vision statement answers which question? A) What is our business? B) How can we improve ourselves? C) What do we want to become? D) Who are our...

The mission statement answers which question?

The mission statement answers which question? A) What is our business? B) How can we improve ourselves? C) What do we want to become? D) Who are our...

Business or military success is

Business or military success is A) generally the happy result of accidental strategies. B) undermined by the element of surprise. C) the product...

Which of the following statements is false?

Which of the following statements is false? A) No organization can pursue all the strategies that potentially could benefit the firm. B) Most organizations...

What are guides to decision making?

What are guides to decision making? A) Laws B) Rules C) Policies D) Objectives E) Goals Answer: ...

The first step in strategic planning is generally

The first step in strategic planning is generally A) developing a vision statement. B) establishing goals and objectives. C) making a profit. D) developing...

There is a dramatic shift in mass retailing to

There is a dramatic shift in mass retailing to A) "trading up" and taking customers from more exclusive stores. B) selling only the most expensive...

Which statement best describes intuition?

Which statement best describes intuition? A) It represents the marginal factor in decision-making. B) It represents a minor factor in decision-making...

Strategy evaluation is necessary because

Strategy evaluation is necessary because A) internal and external factors are constantly changing. B) the SEC requires strategy evaluation. C) success...

The goal of strategic management is to

The goal of strategic management is to A) achieve competitive advantage. B) maintain competitive advantage. C) achieve and maintain competitive advantage. D)...

The conclusions of a report:

The conclusions of a report: Answer: should analyze information logically and show how the data answer questions. ...

Unsolicited proposals should:

Unsolicited proposals should: Answer: convince the reader that a problem exist...

Reading an oral presentation:.

Reading an oral presentation:. Answer: causes the audience to lose confidence in the speaker's expertise. ...

You have lunch with a friend and she tells you that her office recently implemented flex-time hours. It has been a positive change at your friend's workplace, and you think that it would be great to have flex-timing at your office too. You decide to approach your boss about this possibility. Which of the following would be best to include in an email to your boss suggesting the idea?

You have lunch with a friend and she tells you that her office recently implemented flex-time hours. It has been a positive change at your friend's...

Teams ________.

Teams ________. A) are rarely effective in accomplishing a goal B) must involve at least 3 people C) benefit the group as a whole but not the individual...

In a high-context culture ________.

In a high-context culture ________. A) direct conversation is the norm B) people tend to get right to the point C) people use unambiguous language...

Collaboration ________.

Collaboration ________. A) usually leads to relational conflicts B) ensures buy-in from all parties C) is a good way to achieve workable solutions...

Relational conflicts ________.

Relational conflicts ________. A) will simply go away if you ignore them B) may be a nuisance but have no real business costs C) have caused employees...

This conflict arises from ________.

Ethan's supervisor reminds him that the monthly staff meeting would be held in a few days, and asks him to arrange for the usual beverages and refreshments....

People who collaborate ________.

People who collaborate ________. A) need to recognize that they may be motivated by different goals B) cannot function unless they have different...