Started on Monday, 15 April 2019, 9:12 PM
State Finished
Completed on Monday, 15 April 2019, 11:12 PM
Time taken 1 hour 59 mins
Marks 57.00/81.00
Grade 7.04 out of 10.00 (70%)
QUIZ 7 (CHAPTER 8)
Question 1
Correct
Mark 1.00 out of 1.00
Question text
The CEO of a restaurant chain announces that the company will be fully compliant with
improved nutritional standards within the next three years. As the marketing manager for the
restaurant, Brenda is tasked with developing goals and a plan for promoting the changes in
concert with other areas within the company. Brenda's efforts are considered ________
planning.
Select one:
a. time horizon
b. divisional-level
c. corporate-level
d. functional-level
Feedback
Your answer is correct.
The correct answer is: functional-level
Question 2
Correct
Mark 1.00 out of 1.00
Question text
A company that enters a new business area in order to leverage existing expertise and achieve
synergy across the newly combined set of products is following a ________ strategy.
Select one:
a. focused low-cost
, b. related diversification
c. international expansion
d. unrelated diversification
Feedback
Your answer is correct.
The correct answer is: related diversification
Question 3
Correct
Mark 1.00 out of 1.00
Question text
Sweet Style sells baby clothes in sizes for infants and children. They offer the lowest prices
of any baby clothing retailer in the major cities along the East Coast. Sweet Style is following
a focused low-cost strategy.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 4
Correct
Mark 1.00 out of 1.00
Question text
Pinnacle Financial Services managers meet annually to create a list of potential future
complications and plan how to respond to each possibility. Pinnacle is practicing ________
planning.
Select one:
a. contingency
b. single-use
, c. ad-hoc
d. divisional-level
Feedback
Your answer is correct.
The correct answer is: contingency
Question 5
Correct
Mark 1.00 out of 1.00
Question text
A(n) ________ is a group of related managerial decisions and actions to help an organization
achieve its goals.
Select one:
a. objective
b. motto
c. strategy
d. accomplishment
Feedback
Your answer is correct.
The correct answer is: strategy
Question 6
Correct
Mark 1.00 out of 1.00
Question text
The home page for a pet daycare says it strives to "provide an affordable and safe home away
from home where your pets are treated like family and our employees love them like their
own." This excerpt is part of the business's
Select one:
, a. mission statement.
b. vision plan.
c. business plan.
d. SWOT analysis.
Feedback
Your answer is correct.
The correct answer is: mission statement.
Question 7
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Managers use ________ to analyze how to respond effectively to multiple forecasts of future
conditions.
Select one:
a. a standing plan
b. a rolling plan
c. scenario planning
d. a long-term plan
Feedback
Your answer is correct.
The correct answer is: scenario planning
Question 8
Correct
Mark 1.00 out of 1.00
State Finished
Completed on Monday, 15 April 2019, 11:12 PM
Time taken 1 hour 59 mins
Marks 57.00/81.00
Grade 7.04 out of 10.00 (70%)
QUIZ 7 (CHAPTER 8)
Question 1
Correct
Mark 1.00 out of 1.00
Question text
The CEO of a restaurant chain announces that the company will be fully compliant with
improved nutritional standards within the next three years. As the marketing manager for the
restaurant, Brenda is tasked with developing goals and a plan for promoting the changes in
concert with other areas within the company. Brenda's efforts are considered ________
planning.
Select one:
a. time horizon
b. divisional-level
c. corporate-level
d. functional-level
Feedback
Your answer is correct.
The correct answer is: functional-level
Question 2
Correct
Mark 1.00 out of 1.00
Question text
A company that enters a new business area in order to leverage existing expertise and achieve
synergy across the newly combined set of products is following a ________ strategy.
Select one:
a. focused low-cost
, b. related diversification
c. international expansion
d. unrelated diversification
Feedback
Your answer is correct.
The correct answer is: related diversification
Question 3
Correct
Mark 1.00 out of 1.00
Question text
Sweet Style sells baby clothes in sizes for infants and children. They offer the lowest prices
of any baby clothing retailer in the major cities along the East Coast. Sweet Style is following
a focused low-cost strategy.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 4
Correct
Mark 1.00 out of 1.00
Question text
Pinnacle Financial Services managers meet annually to create a list of potential future
complications and plan how to respond to each possibility. Pinnacle is practicing ________
planning.
Select one:
a. contingency
b. single-use
, c. ad-hoc
d. divisional-level
Feedback
Your answer is correct.
The correct answer is: contingency
Question 5
Correct
Mark 1.00 out of 1.00
Question text
A(n) ________ is a group of related managerial decisions and actions to help an organization
achieve its goals.
Select one:
a. objective
b. motto
c. strategy
d. accomplishment
Feedback
Your answer is correct.
The correct answer is: strategy
Question 6
Correct
Mark 1.00 out of 1.00
Question text
The home page for a pet daycare says it strives to "provide an affordable and safe home away
from home where your pets are treated like family and our employees love them like their
own." This excerpt is part of the business's
Select one:
, a. mission statement.
b. vision plan.
c. business plan.
d. SWOT analysis.
Feedback
Your answer is correct.
The correct answer is: mission statement.
Question 7
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Managers use ________ to analyze how to respond effectively to multiple forecasts of future
conditions.
Select one:
a. a standing plan
b. a rolling plan
c. scenario planning
d. a long-term plan
Feedback
Your answer is correct.
The correct answer is: scenario planning
Question 8
Correct
Mark 1.00 out of 1.00
