BUS 201 Exam 1, With Questions And Answers. Graded .The internal analysis component of the strategic management process assesses
Select one:
a. the
... [Show More] organization's performance levels.
b. the organization's competitors.
c. the organization's industry growth rate.
d. the organization's product substitutions in the market.
e. All of the above.
The correct answer is: the organization's performance levels.
Which is the first step in the formal planning process?
Select one:
a. Goal and plan evaluation
b. Situational analysis
c. Monitor and control
d. Implementation
e. Alternative goals and plans
The correct answer is: Situational analysis
Question
4
Correct
Mark 3.00 out of
3.00
Question
5
Correct
Mark 3.00 out of
3.00
Globalization is an issue primarily for
Select one:
a. large multinationals.
b. stateless corporations.
c. all organizations.
d. domestic firms with overseas sales.
e. small entrepreneurial firms.
The correct answer is: all organizations.
Which of the following statements is most accurate regarding competitive
advantage?
Select one:
a. You may successfully select one competitive advantage and stick with
it permanently.
b. You will be most successful if you work on one element of competitive
advantage at a time.
c. The best managers and companies deliver all four elements of
competitive advantage.
d. Competitive advantage is over-rated as a factor for success.
e. None of the above.
The correct answer is: The best managers and companies deliver all four elements
of competitive advantage.
Question
6
Correct
Mark 3.00 out of
3.00
The Chem-Free Natural Pharmaceutical Company has completed a SWOT analysis
as part of their ongoing strategic planning process. They have formulated the
following information:
1. New regulations have been passed limiting their ability to sell certain
formulations over the counter.
2. As compared to their competitors, their management team is by far the best in
the industry.
3. They have fallen behind in research and development in the last few years.
4. More people are becoming interested in natural alternatives to traditional
chemical pharmaceuticals; this trend is expected to continue over the next decade.
5. The company has adequate financial resources to invest in their operations.
Which of the above would be (a) weakness(es) for Chem-Free?
Select one:
a. All of the above.
b. 1 and 5
c. 2 and 5
d. 3 only
e. 4 only
The correct answer is: 3 only
Question
7
Correct
Mark 3.00 out of
3.00
________________ developed during the 1930s and aimed at understanding how
psychological and social processes interact with the work situation to influence
performance.
Select one:
a. Human relations
b. Systematic management
c. Bureaucracy
d. Administrative management
e. Scientific management
The correct answer is: Human relations [Show Less]