©JUSTTRACY EXAM SOLUTIONS
25/11/2024 2:10PM
BMAL 590 Business Integration &
Strategic Management Exam Questions
And Solutions
The principal driver(s) of shareholder value is (are) - answers✔✔profitability and profit
growth
A competitive advantage is considered to be a sustained competitive advantage when the -
answers✔✔advantage endures for a long time
Functional managers - answers✔✔are responsible for the specific business functions or
operations that constitute a company or one of its divisions
The first step in the strategic management process is - answers✔✔defining the mission and
major goals of the organization
Aaron planned to cut prices at his bicycle shop, but when a competing shop began to offer
free repairs, Aaron decided to copy them. Aaron's new strategy-- offer free repairs -- is an
example of a(n) - answers✔✔emergent strategy
The scenario approach to strategic planning involves - answers✔✔devising plans for coping
with a number of different possible future states of the world
Which of the following cognitive biases occurs when decision makers commit even more
resources when they receive feedback that the project is failing? - answers✔✔Escalating
commitment
Edward Wrapp's ideas about the astuteness of political power suggest that successful strategic
managers - answers✔✔are skilled organizational politicians who can build consensus and get
their ideas pushed through
, ©JUSTTRACY EXAM SOLUTIONS
25/11/2024 2:10PM
Devil's advocacy - answers✔✔involves one group member being responsible for questioning
the assumptions of a plan
Which of the following is NOT a characteristic of well-constructed goals? - answers✔✔They
are the result of a group decision process
The primary goal of a SWOT analysis is to - answers✔✔create, affirm, or fine-tune a
company-specific business model
Systematic errors in the decision-making process are caused by - answers✔✔cognitive biases
on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? - answers✔✔Self-
esteem
Economies of scale may be found - answers✔✔in several of a company's departments
The experience curve refers to the - answers✔✔systematic lowering of the cost structure and
unit cost reductions
Managers should not become complacent about efficiency-based cost advantages because -
answers✔✔all of these choices
The marketing strategy that a company adopts - answers✔✔can have a major impact on
efficiency and cost structure
The use of self-managing teams - answers✔✔requires members to coordinate their own
activities and make decisions
A company's infrastructure includes the company's - answers✔✔organization structure,
culture, and style of leadership
25/11/2024 2:10PM
BMAL 590 Business Integration &
Strategic Management Exam Questions
And Solutions
The principal driver(s) of shareholder value is (are) - answers✔✔profitability and profit
growth
A competitive advantage is considered to be a sustained competitive advantage when the -
answers✔✔advantage endures for a long time
Functional managers - answers✔✔are responsible for the specific business functions or
operations that constitute a company or one of its divisions
The first step in the strategic management process is - answers✔✔defining the mission and
major goals of the organization
Aaron planned to cut prices at his bicycle shop, but when a competing shop began to offer
free repairs, Aaron decided to copy them. Aaron's new strategy-- offer free repairs -- is an
example of a(n) - answers✔✔emergent strategy
The scenario approach to strategic planning involves - answers✔✔devising plans for coping
with a number of different possible future states of the world
Which of the following cognitive biases occurs when decision makers commit even more
resources when they receive feedback that the project is failing? - answers✔✔Escalating
commitment
Edward Wrapp's ideas about the astuteness of political power suggest that successful strategic
managers - answers✔✔are skilled organizational politicians who can build consensus and get
their ideas pushed through
, ©JUSTTRACY EXAM SOLUTIONS
25/11/2024 2:10PM
Devil's advocacy - answers✔✔involves one group member being responsible for questioning
the assumptions of a plan
Which of the following is NOT a characteristic of well-constructed goals? - answers✔✔They
are the result of a group decision process
The primary goal of a SWOT analysis is to - answers✔✔create, affirm, or fine-tune a
company-specific business model
Systematic errors in the decision-making process are caused by - answers✔✔cognitive biases
on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? - answers✔✔Self-
esteem
Economies of scale may be found - answers✔✔in several of a company's departments
The experience curve refers to the - answers✔✔systematic lowering of the cost structure and
unit cost reductions
Managers should not become complacent about efficiency-based cost advantages because -
answers✔✔all of these choices
The marketing strategy that a company adopts - answers✔✔can have a major impact on
efficiency and cost structure
The use of self-managing teams - answers✔✔requires members to coordinate their own
activities and make decisions
A company's infrastructure includes the company's - answers✔✔organization structure,
culture, and style of leadership
