BMAL 590 Business Integration & Strategic Management
Exam Questions and Answers Grade A+
The principal driver(s) of shareholder value is (are) - Answer-profitability and
profit growth
A competitive advantage is considered to be a sustained competitive advantage
when the - Answer-advantage endures for a long time
Functional managers - 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 - 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) - Answer-emergent strategy
The scenario approach to strategic planning involves - 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? -
Answer-Escalating commitment
, Edward Wrapp's ideas about the astuteness of political power suggest that
successful strategic managers - Answer-are skilled organizational politicians who
can build consensus and get their ideas pushed through
Devil's advocacy - Answer-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? -
Answer-They are the result of a group decision process
The primary goal of a SWOT analysis is to - Answer-create, affirm, or fine-tune a
company-specific business model
Systematic errors in the decision-making process are caused by - Answer-cognitive
biases on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? -
Answer-Self-esteem
Economies of scale may be found - Answer-in several of a company's departments
The experience curve refers to the - Answer-systematic lowering of the cost
structure and unit cost reductions
Managers should not become complacent about efficiency-based cost advantages
because - Answer-all of these choices
Exam Questions and Answers Grade A+
The principal driver(s) of shareholder value is (are) - Answer-profitability and
profit growth
A competitive advantage is considered to be a sustained competitive advantage
when the - Answer-advantage endures for a long time
Functional managers - 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 - 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) - Answer-emergent strategy
The scenario approach to strategic planning involves - 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? -
Answer-Escalating commitment
, Edward Wrapp's ideas about the astuteness of political power suggest that
successful strategic managers - Answer-are skilled organizational politicians who
can build consensus and get their ideas pushed through
Devil's advocacy - Answer-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? -
Answer-They are the result of a group decision process
The primary goal of a SWOT analysis is to - Answer-create, affirm, or fine-tune a
company-specific business model
Systematic errors in the decision-making process are caused by - Answer-cognitive
biases on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? -
Answer-Self-esteem
Economies of scale may be found - Answer-in several of a company's departments
The experience curve refers to the - Answer-systematic lowering of the cost
structure and unit cost reductions
Managers should not become complacent about efficiency-based cost advantages
because - Answer-all of these choices
