MGMT 301 BUSINESS MANAGEMENT EXAM 2
WITH 100% ACCURATE ANSWERS
1. From our class discussion of the 5 Forces Model, you could infer that the
airline industry is characterized by?
perfect competition, which has squeezed out any profitability
high rivalry and high profits for those airlines that have
consolidated
low supplier bargaining power
high rivalry and low profits overall
2. Which of the following is true regarding functional structures?
departments include manufacturing, finance, accounting, HR,
and IT
jobs are grouped based on products
more effective when company has multiple products
each person is trained to do several job functions
3. Describe how the BCG Matrix can be utilized in strategic planning.
The BCG Matrix is used to determine employee performance
and productivity.
The BCG Matrix evaluates customer satisfaction and loyalty.
The BCG Matrix focuses on financial forecasting and budgeting.
The BCG Matrix helps businesses analyze their product
, portfolio based on market growth and market share.
4. Describe how decentralization can impact decision-making within an
organization.
, Decentralization creates confusion among employees about
their roles.
Decentralization has no effect on decision-making processes.
Decentralization empowers lower-level managers to make
decisions, leading to faster responses and increased employee
engagement.
Decentralization limits decision-making to top management,
slowing down processes.
5. Internal control occurs when:
Motivated individuals and groups exercise self-discipline in
fulfilling job requirements.
Motivated individuals and groups are directly supervised.
Computers are used to monitor performance inside the
organisation.
Managers take responsibility for the activities in their own
departments.
6. If a company is facing uncertainty in market trends, how might scenario
planning assist in their decision-making process?
By focusing only on current market data without considering
future scenarios.
By eliminating the need for competitive analysis.
By allowing the company to prepare for various potential
market conditions and develop appropriate responses.
By providing a fixed plan that does not change with market
conditions.
7. If a company finds itself in the high market growth and low market share
quadrant of the BCG Matrix, which of the following strategies would be
, most appropriate to improve its market position?
Cut costs and reduce production.
Invest in marketing and product development.
Focus on improving employee satisfaction.
Increase prices to enhance profit margins.
8. Describe the main characteristics of organic designs in organizational
structures.
Organic designs prioritize efficiency over adaptability.
Organic designs are rigid and follow a strict hierarchical
structure.
Organic designs are adaptive, utilizing a decentralized and
horizontal structure to promote flexibility and responsiveness.
Organic designs focus on centralized decision-making and
formal communication.
9. Which of the following statements about the five forces in the U.S. airline
industry are true?
the combo of the competitive forces leads to intense rivalry
among existing airlines
taken together, the competitive forces are quite unfavorable
for generating a profit potential in the airline industry
entry barriers in the airline industry are relatively high because of
the high costs involved
substitutes are not readily available since customers can't use
other means of transport
WITH 100% ACCURATE ANSWERS
1. From our class discussion of the 5 Forces Model, you could infer that the
airline industry is characterized by?
perfect competition, which has squeezed out any profitability
high rivalry and high profits for those airlines that have
consolidated
low supplier bargaining power
high rivalry and low profits overall
2. Which of the following is true regarding functional structures?
departments include manufacturing, finance, accounting, HR,
and IT
jobs are grouped based on products
more effective when company has multiple products
each person is trained to do several job functions
3. Describe how the BCG Matrix can be utilized in strategic planning.
The BCG Matrix is used to determine employee performance
and productivity.
The BCG Matrix evaluates customer satisfaction and loyalty.
The BCG Matrix focuses on financial forecasting and budgeting.
The BCG Matrix helps businesses analyze their product
, portfolio based on market growth and market share.
4. Describe how decentralization can impact decision-making within an
organization.
, Decentralization creates confusion among employees about
their roles.
Decentralization has no effect on decision-making processes.
Decentralization empowers lower-level managers to make
decisions, leading to faster responses and increased employee
engagement.
Decentralization limits decision-making to top management,
slowing down processes.
5. Internal control occurs when:
Motivated individuals and groups exercise self-discipline in
fulfilling job requirements.
Motivated individuals and groups are directly supervised.
Computers are used to monitor performance inside the
organisation.
Managers take responsibility for the activities in their own
departments.
6. If a company is facing uncertainty in market trends, how might scenario
planning assist in their decision-making process?
By focusing only on current market data without considering
future scenarios.
By eliminating the need for competitive analysis.
By allowing the company to prepare for various potential
market conditions and develop appropriate responses.
By providing a fixed plan that does not change with market
conditions.
7. If a company finds itself in the high market growth and low market share
quadrant of the BCG Matrix, which of the following strategies would be
, most appropriate to improve its market position?
Cut costs and reduce production.
Invest in marketing and product development.
Focus on improving employee satisfaction.
Increase prices to enhance profit margins.
8. Describe the main characteristics of organic designs in organizational
structures.
Organic designs prioritize efficiency over adaptability.
Organic designs are rigid and follow a strict hierarchical
structure.
Organic designs are adaptive, utilizing a decentralized and
horizontal structure to promote flexibility and responsiveness.
Organic designs focus on centralized decision-making and
formal communication.
9. Which of the following statements about the five forces in the U.S. airline
industry are true?
the combo of the competitive forces leads to intense rivalry
among existing airlines
taken together, the competitive forces are quite unfavorable
for generating a profit potential in the airline industry
entry barriers in the airline industry are relatively high because of
the high costs involved
substitutes are not readily available since customers can't use
other means of transport
