MGT 103 FINAL EXAM STUDY GUIDE 2026
SOLVED QUESTIONS WITH DETAILED
ANSWERS GRADED A+
◉ What is true of a tactical plan?
A. It involves front-line managers.
B. It has a longer time horizon than a strategic plan.
C. It is primarily concerned with deciding what to do.
D. It is developed to implement specific parts of a strategic plan..
Answer: D
◉ The planning process takes place within a(n) ___ context.
A. environmental
B. functional
C. planning
D. Operational. Answer: A
◉ In Pleasantville, JJ's Auto Repair is where most residents go for any
type of car repair. Inspired by his entrepreneurial son, JJ has decided to
open a detailing shop on adjoining property. If JJ elected to open an auto
repair shop in the neighboring county, he would be expanding his ___.
,A. business scope
B. operational goals
C. distinctive competence
D. effective strategies. Answer: A
◉ ___ is the set of strategic alternatives from which an organization
chooses as it manages its operations simultaneously across several
industries and several markets.
A. Business-level strategy
B. Effective strategy
C. Resource strategy
D. Corporate-level strategy. Answer: D
◉ Lighthouse Cinema has enjoyed a successful history in the town of
Battle Ridge, VA. Despite the growth of multiplex theaters in most
population centers, Lighthouse Cinema has remained a popular
entertainment option for the surrounding area, but sales have been
stagnant over the past few years. A national theater chain recently
announced that it will build a 10-theater facility on the outskirts of Battle
Ridge. This development calls for Lighthouse Cinema to pursue a
strategy that will ___.
A. revise internal operating procedures
B. pursue new investment opportunities
C. narrow the target market
, D. neutralize the impending threat. Answer: D
◉ An organizational _______is an area that increases the difficulty of an
organizationperforming at a high level.
A. weakness
B. strength
C. threat
D. strategy. Answer: B
◉ When devising a new strategy, it is best to start with what?
A. a tactical plan
B. a SWOT analysis
C. strategy formulation
D. an operational plan. Answer: B
◉ Lighthouse Cinema has enjoyed a successful history in the town of
Battle Ridge, VA. Despite the growth of multiplex theaters in most
population centers, Lighthouse Cinema has remained a popular
entertainment option for the surrounding area, but sales have been
stagnant over the past few years. A national theater chain recently
announced that it will build a 10-theater facility on the outskirts of Battle
Ridge. The owner of Lighthouse Cinema has learned that the new
competitor's prices will be 20% higher than his theater admissions.
Consequently, Lighthouse Cinema should strongly consider a business-
level strategy based on ___.
SOLVED QUESTIONS WITH DETAILED
ANSWERS GRADED A+
◉ What is true of a tactical plan?
A. It involves front-line managers.
B. It has a longer time horizon than a strategic plan.
C. It is primarily concerned with deciding what to do.
D. It is developed to implement specific parts of a strategic plan..
Answer: D
◉ The planning process takes place within a(n) ___ context.
A. environmental
B. functional
C. planning
D. Operational. Answer: A
◉ In Pleasantville, JJ's Auto Repair is where most residents go for any
type of car repair. Inspired by his entrepreneurial son, JJ has decided to
open a detailing shop on adjoining property. If JJ elected to open an auto
repair shop in the neighboring county, he would be expanding his ___.
,A. business scope
B. operational goals
C. distinctive competence
D. effective strategies. Answer: A
◉ ___ is the set of strategic alternatives from which an organization
chooses as it manages its operations simultaneously across several
industries and several markets.
A. Business-level strategy
B. Effective strategy
C. Resource strategy
D. Corporate-level strategy. Answer: D
◉ Lighthouse Cinema has enjoyed a successful history in the town of
Battle Ridge, VA. Despite the growth of multiplex theaters in most
population centers, Lighthouse Cinema has remained a popular
entertainment option for the surrounding area, but sales have been
stagnant over the past few years. A national theater chain recently
announced that it will build a 10-theater facility on the outskirts of Battle
Ridge. This development calls for Lighthouse Cinema to pursue a
strategy that will ___.
A. revise internal operating procedures
B. pursue new investment opportunities
C. narrow the target market
, D. neutralize the impending threat. Answer: D
◉ An organizational _______is an area that increases the difficulty of an
organizationperforming at a high level.
A. weakness
B. strength
C. threat
D. strategy. Answer: B
◉ When devising a new strategy, it is best to start with what?
A. a tactical plan
B. a SWOT analysis
C. strategy formulation
D. an operational plan. Answer: B
◉ Lighthouse Cinema has enjoyed a successful history in the town of
Battle Ridge, VA. Despite the growth of multiplex theaters in most
population centers, Lighthouse Cinema has remained a popular
entertainment option for the surrounding area, but sales have been
stagnant over the past few years. A national theater chain recently
announced that it will build a 10-theater facility on the outskirts of Battle
Ridge. The owner of Lighthouse Cinema has learned that the new
competitor's prices will be 20% higher than his theater admissions.
Consequently, Lighthouse Cinema should strongly consider a business-
level strategy based on ___.
