CGMS 200 Final Exam Practice Test
Questions with 100% Correct Answers
Organizing Correct Answer: The management function that deals with the
allocation and arrangement of resources to accomplish tasks.
Planning; controlling Correct Answer: Without planning, controlling lacks a
framework for measuring how well things are going and what could be done to
improve things.
Strategic planning Correct Answer: Begins with a vision.
Functional plans Correct Answer: Production, financial, facilities, marketing, and
human resources are all examples of functional plans.
Business strategy Correct Answer: Addresses the question: 'How are we going to
compete for customers within this industry and market?'
Strengths Correct Answer: In conducting a SWOT analysis, the presence of
manufacturing efficiencies, a skilled workforce, a good market share, strong
financing, and a superior reputation would be identified as a company's
strengths.
Dogs Correct Answer: Businesses or products with low market shares in low-
growth markets are referred to as Dogs in the BCG Matrix.
Backward integration Correct Answer: Occurs when a business acquires one of
its suppliers.
Coercive power Correct Answer: The ability to influence the behaviour of other
people because of one's capacity to punish or withhold positive outcomes.
Questions with 100% Correct Answers
Organizing Correct Answer: The management function that deals with the
allocation and arrangement of resources to accomplish tasks.
Planning; controlling Correct Answer: Without planning, controlling lacks a
framework for measuring how well things are going and what could be done to
improve things.
Strategic planning Correct Answer: Begins with a vision.
Functional plans Correct Answer: Production, financial, facilities, marketing, and
human resources are all examples of functional plans.
Business strategy Correct Answer: Addresses the question: 'How are we going to
compete for customers within this industry and market?'
Strengths Correct Answer: In conducting a SWOT analysis, the presence of
manufacturing efficiencies, a skilled workforce, a good market share, strong
financing, and a superior reputation would be identified as a company's
strengths.
Dogs Correct Answer: Businesses or products with low market shares in low-
growth markets are referred to as Dogs in the BCG Matrix.
Backward integration Correct Answer: Occurs when a business acquires one of
its suppliers.
Coercive power Correct Answer: The ability to influence the behaviour of other
people because of one's capacity to punish or withhold positive outcomes.
