AADC FINAL EXAM GUIDE 2025 WITH CORRECTLY
VERIFIED ANSWERS|GUARANTEED PASS
The strategy management process is: - Dynamic
____ is a critical stage in strategy implementation wherein managers attempt to recast their
organization. - Restructuring
Which of the following is a generic strategy option? - Differentiation
Which of the following is an example of a grand strategy? - Horizontal integration
Long-term objectives are principally attained through - Grand strategy
The difference between long-term and short-term objectives is principally - Greater
specificity
The doubling of EPS within 5 years with increases in each intervening year is called a(n): -
Long-term objective
The behavioral consequences of strategic management are similar to those of: -
Participative decision making
The degree to which participation, responsibility, authority, and discretion in decision making
are specified in strategic management is called: - Formality
The unique purpose that sets a company apart from others of its type and identifies the scope
of its operations. In product, market and technology terms is defined as the: - Company
mission
Which external body requires that a company have a mission statement? - NONE
As the business grows or is forced by competitive pressures to alter its product, market, or
technology, ____ the company mission may be necessary. - Redefining
Profitability is the ____ goal of business organization - mainstay
Generally, _____ is accepted as the clearest indication of a firm's ability to satisfy the principal
desires of employees of employees and stockholders. - Profit over the long term
A firm's ____ is tied inextricably to its survival and profitability. - Growth
,Which of these often reads more like public relations handouts than the commitment to values
they are meant to be? - statement of company philosophy
Which two US management experts fostered a worldwide emphasis on quality in
manufacturing? - W. Edwards Denning and J.M. Juran
Which of these is one of Demming's well-known points on quality? - Breakdown barriers
between departments
_____ presents the firm's strategic intent - Vision statement
Agency problems arise when they interests of owners and managers. - Diverge
The _____ is an organization structure most notable for its lack of structure wherein knowledge
and getting it to the right place quickly is the key reason for organization. - Ambidextrous
organization
Management icon Jack Welch coined the term ____ to characterize his vision of what he
wanted GE to become. - Boundary-less organization
_____ are arrangements between two or more companies in which they both contribute
capabilities, resources or expertise to a joint undertaking, usually with an identity of its own,
with each firm giving up overall control in return for the potential to participate in and benefit
from the relationship. - Strategic alliances
_____ is simply obtaining work previously done by employees inside the companies from
sources outside the company. - The learning organization
_____ is intended to place the decision-making authority that is more relevant to the customer
closer to the customer, in order to make the firm more responsive to the customer's needs. -
Business process engineering
_____ has led brand marketers to realize they need to take a multidomestic approach to be
more responsive to local preferences - The rise of a consumer culture
The need for global coordination and innovation ____ to get the right mix of local initiative,
information flow, leadership, and corporate culture. - Is forcing constant experimentation
and adjustment
The team in a product-team structure is usually created at _____ and they stay with it
indefinitely if it becomes a viable business - The inception of the new-product idea
,A firm's external environment includes a remote sector, industry sector and an operating sector.
The remote sector includes which of the following categories? - Political, technological,
economic, and social
One of the most profound social changes in recent years is: - an increasing number of
women in the workforce
Collectively, competitive forces determine the ultimate - profitability of a firm
Suppliers can exert bargaining power on participants in any industry by: - raising prices
As an industry matures, its: - growth rate changes
Awareness of technological changes in its industry helps the firm to: - exploit new
markets
The quasi-science of anticipating environmental and competitive changes and estimating their
importance to an organizations operation refers to: - technological forecasting
Company actions that produce more useful goods and services while continuously reducing
recourse consumption and pollution refers to: - eco-efficiency
Which of these is a determinant of entry, according to Porter? - Economies of scale
The power of each supplier depends on: - relative importance of purchases
Substitute products that deserve the most attention strategically are those that are: -
Subject to trends
Designing viable strategies for a firm requires a thorough understanding of a firm's industry and
competition. Which one of the following is NOT a question the firm's executives need to
address? - Who are our customers?
A special form of licensing is - Franchising
Joint ventures - speed efforts to integrate into the foreign environment with less financial
commitment that acquiring a foreign subsidiary
The transfer of an industrial property right is called: - licensing
Companies between exporting and an equity position on foreign soil: - can choose to
establish a contractual arrangement such as licensing
Which strategy shows the highest commitment to international market? - Wholly owned
foreign subsidiary
, The primary niche for the market approach for exporting: - utilizes a foreign branch
extension to distribute
Diversity in a firm's product line refers to: - the breadth of the firm business lines
As an industry becomes increasingly global, a firm must begin to coordinate an increasing
number of ____ activities to effectively compete across countries - Functional
In a _____ industry, competition occurs within each country. - multi-domestic
An industry can be ranked along a continuum that ranges between ____ at one extreme and
____ at the other. - Multidomestic; global
Although industries can be characterized as global or multidomestic, few ____ cases of either
type exist. - "pure"
Rapid technological development: - shortens product life cycles
The expanding list of global industries include all of these EXPECT: - insurance
A _____ is one in which competition is essentially segmented from country to country. -
Multidomestic industry
State of marketing and distribution systems is a variable included under which category (as
outlined by Business International Corporation)? - Business factors
According to Business International Coorporation, the variables to be included under capital-
source factors include: - modern banking-systems
Business International Corporation recommends that 7 broad categories of factors be
considered in a corporation's assessment of a foreign manufacturing site. Which of the
following described one of these categories? - Tax factors
Top-down governance structure is evident in which orientation of a global firm? -
Ethnocentric
Careful examination of critical global environmental features with particular attention to the
status of the host nation is called: - External assessment
Which country leads in chemicals and pharmaceuticals, precision and heavy machinery, heavy
electrical goods and surface transport equipment? - Germany
A company producing toilet paper, tissues and other consumer paper goods can work to
establish the right product lines, with reasonable sales volumes, profit margins and growth
VERIFIED ANSWERS|GUARANTEED PASS
The strategy management process is: - Dynamic
____ is a critical stage in strategy implementation wherein managers attempt to recast their
organization. - Restructuring
Which of the following is a generic strategy option? - Differentiation
Which of the following is an example of a grand strategy? - Horizontal integration
Long-term objectives are principally attained through - Grand strategy
The difference between long-term and short-term objectives is principally - Greater
specificity
The doubling of EPS within 5 years with increases in each intervening year is called a(n): -
Long-term objective
The behavioral consequences of strategic management are similar to those of: -
Participative decision making
The degree to which participation, responsibility, authority, and discretion in decision making
are specified in strategic management is called: - Formality
The unique purpose that sets a company apart from others of its type and identifies the scope
of its operations. In product, market and technology terms is defined as the: - Company
mission
Which external body requires that a company have a mission statement? - NONE
As the business grows or is forced by competitive pressures to alter its product, market, or
technology, ____ the company mission may be necessary. - Redefining
Profitability is the ____ goal of business organization - mainstay
Generally, _____ is accepted as the clearest indication of a firm's ability to satisfy the principal
desires of employees of employees and stockholders. - Profit over the long term
A firm's ____ is tied inextricably to its survival and profitability. - Growth
,Which of these often reads more like public relations handouts than the commitment to values
they are meant to be? - statement of company philosophy
Which two US management experts fostered a worldwide emphasis on quality in
manufacturing? - W. Edwards Denning and J.M. Juran
Which of these is one of Demming's well-known points on quality? - Breakdown barriers
between departments
_____ presents the firm's strategic intent - Vision statement
Agency problems arise when they interests of owners and managers. - Diverge
The _____ is an organization structure most notable for its lack of structure wherein knowledge
and getting it to the right place quickly is the key reason for organization. - Ambidextrous
organization
Management icon Jack Welch coined the term ____ to characterize his vision of what he
wanted GE to become. - Boundary-less organization
_____ are arrangements between two or more companies in which they both contribute
capabilities, resources or expertise to a joint undertaking, usually with an identity of its own,
with each firm giving up overall control in return for the potential to participate in and benefit
from the relationship. - Strategic alliances
_____ is simply obtaining work previously done by employees inside the companies from
sources outside the company. - The learning organization
_____ is intended to place the decision-making authority that is more relevant to the customer
closer to the customer, in order to make the firm more responsive to the customer's needs. -
Business process engineering
_____ has led brand marketers to realize they need to take a multidomestic approach to be
more responsive to local preferences - The rise of a consumer culture
The need for global coordination and innovation ____ to get the right mix of local initiative,
information flow, leadership, and corporate culture. - Is forcing constant experimentation
and adjustment
The team in a product-team structure is usually created at _____ and they stay with it
indefinitely if it becomes a viable business - The inception of the new-product idea
,A firm's external environment includes a remote sector, industry sector and an operating sector.
The remote sector includes which of the following categories? - Political, technological,
economic, and social
One of the most profound social changes in recent years is: - an increasing number of
women in the workforce
Collectively, competitive forces determine the ultimate - profitability of a firm
Suppliers can exert bargaining power on participants in any industry by: - raising prices
As an industry matures, its: - growth rate changes
Awareness of technological changes in its industry helps the firm to: - exploit new
markets
The quasi-science of anticipating environmental and competitive changes and estimating their
importance to an organizations operation refers to: - technological forecasting
Company actions that produce more useful goods and services while continuously reducing
recourse consumption and pollution refers to: - eco-efficiency
Which of these is a determinant of entry, according to Porter? - Economies of scale
The power of each supplier depends on: - relative importance of purchases
Substitute products that deserve the most attention strategically are those that are: -
Subject to trends
Designing viable strategies for a firm requires a thorough understanding of a firm's industry and
competition. Which one of the following is NOT a question the firm's executives need to
address? - Who are our customers?
A special form of licensing is - Franchising
Joint ventures - speed efforts to integrate into the foreign environment with less financial
commitment that acquiring a foreign subsidiary
The transfer of an industrial property right is called: - licensing
Companies between exporting and an equity position on foreign soil: - can choose to
establish a contractual arrangement such as licensing
Which strategy shows the highest commitment to international market? - Wholly owned
foreign subsidiary
, The primary niche for the market approach for exporting: - utilizes a foreign branch
extension to distribute
Diversity in a firm's product line refers to: - the breadth of the firm business lines
As an industry becomes increasingly global, a firm must begin to coordinate an increasing
number of ____ activities to effectively compete across countries - Functional
In a _____ industry, competition occurs within each country. - multi-domestic
An industry can be ranked along a continuum that ranges between ____ at one extreme and
____ at the other. - Multidomestic; global
Although industries can be characterized as global or multidomestic, few ____ cases of either
type exist. - "pure"
Rapid technological development: - shortens product life cycles
The expanding list of global industries include all of these EXPECT: - insurance
A _____ is one in which competition is essentially segmented from country to country. -
Multidomestic industry
State of marketing and distribution systems is a variable included under which category (as
outlined by Business International Corporation)? - Business factors
According to Business International Coorporation, the variables to be included under capital-
source factors include: - modern banking-systems
Business International Corporation recommends that 7 broad categories of factors be
considered in a corporation's assessment of a foreign manufacturing site. Which of the
following described one of these categories? - Tax factors
Top-down governance structure is evident in which orientation of a global firm? -
Ethnocentric
Careful examination of critical global environmental features with particular attention to the
status of the host nation is called: - External assessment
Which country leads in chemicals and pharmaceuticals, precision and heavy machinery, heavy
electrical goods and surface transport equipment? - Germany
A company producing toilet paper, tissues and other consumer paper goods can work to
establish the right product lines, with reasonable sales volumes, profit margins and growth
