BMAL 590 Business Integration &
Strategic Management
Which of the following is NOT a characteristic of well-constructed goals? - CORRECT
ANSWER-They are the result of a group decision process
The primary goal of a SWOT analysis is to - CORRECT ANSWER-create, affirm, or
fine-tune a company-specific business model
Systematic errors in the decision-making process are caused by - CORRECT
ANSWER-cognitive biases on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? - CORRECT
ANSWER-Self-esteem
Economies of scale may be found - CORRECT ANSWER-in several of a company's
departments
The experience curve refers to the - CORRECT ANSWER-systematic lowering of the
cost structure and unit cost reductions
Managers should not become complacent about efficiency-based cost advantages
because - CORRECT ANSWER-all of these choices
The marketing strategy that a company adopts - CORRECT ANSWER-can have a
major impact on efficiency and cost structure
The use of self-managing teams - CORRECT ANSWER-requires members to
coordinate their own activities and make decisions
A company's infrastructure includes the company's - CORRECT ANSWER-organization
structure, culture, and style of leadership
Flexible manufacturing technologies allow companies to - CORRECT ANSWER-
produce small batches of customized products at a relatively low cost
Just-In-Time inventory systems - CORRECT ANSWER-have components arrive at a
manufacturing plant just in time to enter the production process
The principal driver(s) of shareholder value is (are) - CORRECT ANSWER-profitability
and profit growth
, A competitive advantage is considered to be a sustained competitive advantage when
the - CORRECT ANSWER-advantage endures for a long time
Functional managers - CORRECT ANSWER-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 - CORRECT ANSWER-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) - CORRECT ANSWER-emergent strategy
The scenario approach to strategic planning involves - CORRECT ANSWER-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? - CORRECT
ANSWER-Escalating commitment
Edward Wrapp's ideas about the astuteness of political power suggest that successful
strategic managers - CORRECT ANSWER-are skilled organizational politicians who
can build consensus and get their ideas pushed through
Devil's advocacy - CORRECT ANSWER-involves one group member being responsible
for questioning the assumptions of a plan
Which of the following is NOT one of the principles commonly found in companies that
have successfully embraced the TQM philosophy? - CORRECT ANSWER-Creating a
separate quality department within the firm
Poor commercialization of new products - CORRECT ANSWER-occurs when a product
is not well adapted a customer's needs
Which of the following recommendations would NOT be appropriate for a manager who
was starting a cross-functional product-development team? - CORRECT ANSWER-Let
the team members co-manage the team
Which of the following statements about customer focus is false? - CORRECT
ANSWER-It can be achieved by mass customization
The globalization of production has allowed firms to - CORRECT ANSWER-lower their
cost structure
Strategic Management
Which of the following is NOT a characteristic of well-constructed goals? - CORRECT
ANSWER-They are the result of a group decision process
The primary goal of a SWOT analysis is to - CORRECT ANSWER-create, affirm, or
fine-tune a company-specific business model
Systematic errors in the decision-making process are caused by - CORRECT
ANSWER-cognitive biases on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? - CORRECT
ANSWER-Self-esteem
Economies of scale may be found - CORRECT ANSWER-in several of a company's
departments
The experience curve refers to the - CORRECT ANSWER-systematic lowering of the
cost structure and unit cost reductions
Managers should not become complacent about efficiency-based cost advantages
because - CORRECT ANSWER-all of these choices
The marketing strategy that a company adopts - CORRECT ANSWER-can have a
major impact on efficiency and cost structure
The use of self-managing teams - CORRECT ANSWER-requires members to
coordinate their own activities and make decisions
A company's infrastructure includes the company's - CORRECT ANSWER-organization
structure, culture, and style of leadership
Flexible manufacturing technologies allow companies to - CORRECT ANSWER-
produce small batches of customized products at a relatively low cost
Just-In-Time inventory systems - CORRECT ANSWER-have components arrive at a
manufacturing plant just in time to enter the production process
The principal driver(s) of shareholder value is (are) - CORRECT ANSWER-profitability
and profit growth
, A competitive advantage is considered to be a sustained competitive advantage when
the - CORRECT ANSWER-advantage endures for a long time
Functional managers - CORRECT ANSWER-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 - CORRECT ANSWER-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) - CORRECT ANSWER-emergent strategy
The scenario approach to strategic planning involves - CORRECT ANSWER-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? - CORRECT
ANSWER-Escalating commitment
Edward Wrapp's ideas about the astuteness of political power suggest that successful
strategic managers - CORRECT ANSWER-are skilled organizational politicians who
can build consensus and get their ideas pushed through
Devil's advocacy - CORRECT ANSWER-involves one group member being responsible
for questioning the assumptions of a plan
Which of the following is NOT one of the principles commonly found in companies that
have successfully embraced the TQM philosophy? - CORRECT ANSWER-Creating a
separate quality department within the firm
Poor commercialization of new products - CORRECT ANSWER-occurs when a product
is not well adapted a customer's needs
Which of the following recommendations would NOT be appropriate for a manager who
was starting a cross-functional product-development team? - CORRECT ANSWER-Let
the team members co-manage the team
Which of the following statements about customer focus is false? - CORRECT
ANSWER-It can be achieved by mass customization
The globalization of production has allowed firms to - CORRECT ANSWER-lower their
cost structure
