Guide 2027 | Comprehensive Review | Graded A+
1. The strategy that is being used by a company that seeks to provide superior
quality products or more unique services than its competitors is a :
customer value strategy
cost leadership strategy
value chain strategy
differentiation strategy
2. What is the term used to describe techniques that intentionally provoke
conflict within a team?
Conflict-resolution techniques
Team-building exercises
Conflict-stimulation techniques
Negotiation strategies
3. This plan is in case something happens and the original plan does not go as
expected.
Back-up Plan
Hopeful Plan
Contingency Plan
Different Plan
4. Goals should possess the characteristics represented by the acronym
.
, SERVE
SMART
ACHIEVE
ASPIRE
5. As a job redesign strategy, 'job enrichment' is:
Appropriate for blue-collar workers only.
Appropriate for managerial-level employees only.
Appropriate for white-collar workers only.
Appropriate for a wide range of lower- and higher-level jobs.
6. Describe how conglomerate diversification can benefit a company.
Conglomerate diversification can reduce risk by spreading
investments across different industries.
Conglomerate diversification focuses solely on increasing market
share in one industry.
Conglomerate diversification aims to streamline operations within a
single market.
Conglomerate diversification is primarily about enhancing product
quality.
7. If a technology company decides to acquire a food processing company,
which type of diversification are they pursuing, and what potential
advantages might this strategy offer?
Conglomerate diversification; it may lead to increased operational
complexity and management challenges.
, Conglomerate diversification; it can offer risk reduction and access
to new markets.
Concentric diversification; it allows for better brand recognition and
customer loyalty.
Concentric diversification; it can enhance product offerings and
improve supply chain efficiency.
8. If a technology company decides to acquire a food processing company,
what type of diversification strategy are they employing?
Market penetration
Horizontal diversification
Conglomerate diversification
Vertical integration
9. If a company wants to improve employee engagement, which strategy
related to autonomy in Hackman and Oldham's model should they
implement?
Reduce employee responsibilities to lower stress.
Limit employee choices to ensure consistency.
Increase the level of decision-making power given to employees.
Focus solely on providing feedback without changing job design.
10. In which situation does religious preference inappropriately affect decision
making?
A member of a particular religion starts a business that benefits
members of the religion in the area.
, k 0 A publicly-held company has a policy limiting financial donations
k0 k0 k0 k0 k0 k0 k0 k0
k0 to one religious group.
k0 k0 k0
k 0 Management provides two religious holidays per year for every k0 k0 k0 k0 k0 k0 k0 k0
k0 employee regardless of religious affiliation. k0 k0 k0 k0
k 0 Management approves a religious endorsement that makes claims the k0 k0 k0 k0 k0 k0 k0 k0
k 0 company supports. k0
11. In strategic management, what does the acronym SWOT stand for?
k0 k0 k0 k0 k0 k0 k0 k0 k0
Strength, Weakness, Opportunities, and Technology k0 k0 k0 k0
k 0 k 0 Strengths, k 0 Weaknesses, k 0 Opportunities, k 0 and Threats k 0
k 0 Strategic, Weakness, Objective, and Task k0 k0 k0 k0
k 0 Strategy, Weakness, Organization, and Threats k0 k0 k0 k0
k 0 k 0 Suppliers, Wildlife, Workforce, Operate, Operation and Trade
k 0 k 0 k 0 k 0 k 0 k0
12. If a small tech startup implements intrapreneurship strategies, what outcome
k0 k0 k0 k0 k0 k0 k0 k0 k0
might they expect in terms of competition with larger tech companies?
k 0 k0 k0 k0 k0 k0 k0 k0 k0 k0 k0
k 0 Greater reliance on traditional marketing strategies
k0 k0 k0 k0 k0
k 0 Reduced operational costs k0 k0
k 0 Decreased employee engagement k0 k0
k 0 Increased innovation and market responsiveness k0 k0 k0 k0
13. Which of the following is critical in achieving effective performance results?
k0 k0 k0 k0 k0 k0 k0 k0 k0 k0
k 0 Explaining to employees the vision of the company k0 k0 k0 k0 k0 k0 k0
k 0 Teaching employees about the mission of their department
k0 k0 k0 k0 k0 k0 k0
k 0 Telling employees what to focus on k0 k0 k0 k0 k0
k 0 Setting clear and specific performance criteria
k 0 k0 k 0 k 0 k 0