Test Bank
Student: ___________________________________________________________________________
1. The types of skills that are required to prepare an effective strategic case analysis can benefit you in
actual business situations.
True False
2. There are two capabilities that can be learned through case analysis—the ability to speculate and
integrate.
True False
3. Case analysis takes students through the whole cycle of activity a manager would face.
True False
4. The role of strategic decision maker is one that may be taken when analyzing a case.
True False
5. The business plan framework is not effective for analyzing strategic cases.
True False
6. The first step in becoming familiar with the material is to read quickly through the case to get an overall
sense of the material.
True False
7. Writing down a problem statement is a needless waste of time when preparing a case.
True False
8. Analytical tools such as value chain analysis and five forces analysis are useful tools to employ when
conducting strategic analysis.
True False
9. The current ratio, quick ratio and cash ration are all measures of short-term solvency.
True False
10. The profit margin tells you how much investors are willing to pay per dollar of current earnings.
True False
11. The basic aim of case analysis is to find solutions.
True False
12. There are five basic rules for preparing an oral case presentation.
True False
1
,13. According to the text, one of the reasons that case analysis is so enriching as a learning tool is that it
draws on many resources and skills besides what is in the textbook.
True False
14. The case analysis process should focus strictly on the case itself and you should not be concerned about
your own performance.
True False
15. According to the text, there are six rules for preparing a written case analysis.
True False
16. The word conflict has negative connotations.
True False
17. The illusion of unanimity is one of the symptoms of groupthink.
True False
18. The use of a devil's advocate causes conflict that is counterproductive.
True False
19. Dialectical inquiry is a technique whereby a problem is approached from two alternative points of
view.
True False
20. To obtain synthesis, your analysis should ideally include the best components of each alternative.
True False
21. The analysis-decision-action cycle is the recommended method of case analysis.
True False
22. According to the text, the analysis-decision-action cycle should not include analysis of the external
environment but only focus on the internal aspects of the organization.
True False
23. Three capabilities that can be learned through case analysis are
A. the ability to question, ponder, and answer.
B. the ability to differentiate, speculate, and integrate.
C. the ability to read, write, and perform mathematical calculations.
D. the ability to be cruel, competitive and cut-throat.
24. Being able to imagine different scenarios or contemplate the outcome of a decision are examples of the
capability known as
A. intergration
B. differentiation
C. speculation
D. none of the answers is correct
2
,25. In order to place yourself inside a case, you might adopt the position of
A. an outside consultant.
B. a strategic decision maker.
C. the board of directors.
D. all of the answers are correct
26. People, opportunity, context, risk, and reward are all part of
A. the strategic groups approach.
B. the contingency model.
C. the business plan framework.
D. the financial planning framework.
27. When becoming familiar with a case it is recommended that you
A. skim the case only once.
B. you take several days to read and digest the case.
C. read it at night before bed and think about it in your sleep.
D. skim it once, and read it a second time, in depth, making notes as you read.
28. Sometimes problems in a case are not apparent until
A. after you do the analysis.
B. you read the case 12 times.
C. you write down the problem statement.
D. none of the answers are correct.
29. Price-earnings and market-to-book are examples of
A. market value ratios.
B. profitability ratios.
C. turnover ratios.
D. liquidity ratios.
30. The step in case analysis that involves using analytical tools from the textbook such as value chain
analysis is known as
A. identifying problems.
B. proposing alternative solutions.
C. conducting strategic analysis.
D. becoming familiar with the material.
31. The step in case analysis that involves the evaluation of choices and implications of those choices is
known as
A. identifying problems.
B. proposing alternative solutions.
C. conducting strategic analysis.
D. becoming familiar with the material.
32. The final step in the case analysis process is
A. identifying problems.
B. proposing alternative solutions.
C. making recommendations.
D. conducting strategic analysis.
3
, 33. An essential part of preparing an oral presentation is:
A. organizing your thoughts.
B. being consistent and logical.
C. emphasizing strategic analysis.
D. all of the answers are correct
34. Conducting outside research when doing a case study is
A. unethical and irresponsible.
B. one of the ways to help get the most out of the experience.
C. not recommended.
D. none of the answers is correct.
35. Presenting information graphically is
A. one of the five rules for preparing a written case analysis.
B. one of the five rules for preparing an oral case presentation.
C. recommended only for liberal arts majors.
D. a form of brainstorming.
36. The use of conflict-inducing decision making techniques in case analysis
A. is designed to improve case analysis.
B. involves the constructive use of conflict.
C. can be helpful in arriving at better solutions to cases.
D. all of the answers are correct
37. The phenomenon known as groupthink is undesirable and can lead to poor decisions. The concept of
groupthink was developed by
A. Financial Post Advisor
B. Irvine Janis
C. Howard Jones
D. all of the answers are correct
38. Which of the following tries to identify problems with the proposed alternative and suggests reasons
why it should not be adopted?
A. the devil's advocate
B. the inquirer
C. the dialectic
D. the figurehead
39. Analyzing organizational goals and objectives is
A. a value-creating activity.
B. an affordable strategy in case analysis.
C. the first step in the analysis-decision-action cycle.
D. the final step in preparing a written case analysis.
40. Asking the question, "Have strategic principles been used in the process of obtaining valuable resources
and crafting effective entrepreneurial strategies?" is an essential part of
A. creating new ventures.
B. the final step in the analysis-decision-action cycle.
C. the 12th step in the analysis-decision-action cycle.
D. all of the answers are correct
4
Student: ___________________________________________________________________________
1. The types of skills that are required to prepare an effective strategic case analysis can benefit you in
actual business situations.
True False
2. There are two capabilities that can be learned through case analysis—the ability to speculate and
integrate.
True False
3. Case analysis takes students through the whole cycle of activity a manager would face.
True False
4. The role of strategic decision maker is one that may be taken when analyzing a case.
True False
5. The business plan framework is not effective for analyzing strategic cases.
True False
6. The first step in becoming familiar with the material is to read quickly through the case to get an overall
sense of the material.
True False
7. Writing down a problem statement is a needless waste of time when preparing a case.
True False
8. Analytical tools such as value chain analysis and five forces analysis are useful tools to employ when
conducting strategic analysis.
True False
9. The current ratio, quick ratio and cash ration are all measures of short-term solvency.
True False
10. The profit margin tells you how much investors are willing to pay per dollar of current earnings.
True False
11. The basic aim of case analysis is to find solutions.
True False
12. There are five basic rules for preparing an oral case presentation.
True False
1
,13. According to the text, one of the reasons that case analysis is so enriching as a learning tool is that it
draws on many resources and skills besides what is in the textbook.
True False
14. The case analysis process should focus strictly on the case itself and you should not be concerned about
your own performance.
True False
15. According to the text, there are six rules for preparing a written case analysis.
True False
16. The word conflict has negative connotations.
True False
17. The illusion of unanimity is one of the symptoms of groupthink.
True False
18. The use of a devil's advocate causes conflict that is counterproductive.
True False
19. Dialectical inquiry is a technique whereby a problem is approached from two alternative points of
view.
True False
20. To obtain synthesis, your analysis should ideally include the best components of each alternative.
True False
21. The analysis-decision-action cycle is the recommended method of case analysis.
True False
22. According to the text, the analysis-decision-action cycle should not include analysis of the external
environment but only focus on the internal aspects of the organization.
True False
23. Three capabilities that can be learned through case analysis are
A. the ability to question, ponder, and answer.
B. the ability to differentiate, speculate, and integrate.
C. the ability to read, write, and perform mathematical calculations.
D. the ability to be cruel, competitive and cut-throat.
24. Being able to imagine different scenarios or contemplate the outcome of a decision are examples of the
capability known as
A. intergration
B. differentiation
C. speculation
D. none of the answers is correct
2
,25. In order to place yourself inside a case, you might adopt the position of
A. an outside consultant.
B. a strategic decision maker.
C. the board of directors.
D. all of the answers are correct
26. People, opportunity, context, risk, and reward are all part of
A. the strategic groups approach.
B. the contingency model.
C. the business plan framework.
D. the financial planning framework.
27. When becoming familiar with a case it is recommended that you
A. skim the case only once.
B. you take several days to read and digest the case.
C. read it at night before bed and think about it in your sleep.
D. skim it once, and read it a second time, in depth, making notes as you read.
28. Sometimes problems in a case are not apparent until
A. after you do the analysis.
B. you read the case 12 times.
C. you write down the problem statement.
D. none of the answers are correct.
29. Price-earnings and market-to-book are examples of
A. market value ratios.
B. profitability ratios.
C. turnover ratios.
D. liquidity ratios.
30. The step in case analysis that involves using analytical tools from the textbook such as value chain
analysis is known as
A. identifying problems.
B. proposing alternative solutions.
C. conducting strategic analysis.
D. becoming familiar with the material.
31. The step in case analysis that involves the evaluation of choices and implications of those choices is
known as
A. identifying problems.
B. proposing alternative solutions.
C. conducting strategic analysis.
D. becoming familiar with the material.
32. The final step in the case analysis process is
A. identifying problems.
B. proposing alternative solutions.
C. making recommendations.
D. conducting strategic analysis.
3
, 33. An essential part of preparing an oral presentation is:
A. organizing your thoughts.
B. being consistent and logical.
C. emphasizing strategic analysis.
D. all of the answers are correct
34. Conducting outside research when doing a case study is
A. unethical and irresponsible.
B. one of the ways to help get the most out of the experience.
C. not recommended.
D. none of the answers is correct.
35. Presenting information graphically is
A. one of the five rules for preparing a written case analysis.
B. one of the five rules for preparing an oral case presentation.
C. recommended only for liberal arts majors.
D. a form of brainstorming.
36. The use of conflict-inducing decision making techniques in case analysis
A. is designed to improve case analysis.
B. involves the constructive use of conflict.
C. can be helpful in arriving at better solutions to cases.
D. all of the answers are correct
37. The phenomenon known as groupthink is undesirable and can lead to poor decisions. The concept of
groupthink was developed by
A. Financial Post Advisor
B. Irvine Janis
C. Howard Jones
D. all of the answers are correct
38. Which of the following tries to identify problems with the proposed alternative and suggests reasons
why it should not be adopted?
A. the devil's advocate
B. the inquirer
C. the dialectic
D. the figurehead
39. Analyzing organizational goals and objectives is
A. a value-creating activity.
B. an affordable strategy in case analysis.
C. the first step in the analysis-decision-action cycle.
D. the final step in preparing a written case analysis.
40. Asking the question, "Have strategic principles been used in the process of obtaining valuable resources
and crafting effective entrepreneurial strategies?" is an essential part of
A. creating new ventures.
B. the final step in the analysis-decision-action cycle.
C. the 12th step in the analysis-decision-action cycle.
D. all of the answers are correct
4
