MAN 4720 EXAMS 2026 ACTUAL LATEST
QUESTIONS AND ANSWERS SURE A+
✔✔A retail outlet can attempt several remedies to improve profitability to meet the
expectations of its __________ stakeholders, including closing stores, changing the top
management team, and seeking potential buyers. - ✔✔capital market
✔✔Organizational stakeholders are usually satisfied when: - ✔✔companies provide a
dynamic, stimulating, and rewarding work environment.
✔✔Product market stakeholders include: - ✔✔suppliers.
✔✔Refuge Nursing Homes, Inc., (RNH) has been highly profitable in the past 10 years,
providing its investors higher returns than those earned by its direct competitors'
investors. RNH has a reputation for providing high-paying managerial and hourly-
employee jobs. However, recent investigations have revealed that the nursing home
residents have been provided substandard care, including non-nutritious and
unappetizing meals, non-functional medical equipment, and inadequate patient-care
staffing. Which of the following statements best describes the situation? - ✔✔RNH has
prioritized the demands of capital market stakeholders and organizational stakeholders
over the demands of product market stakeholders.
,✔✔A highly important means of building employee skills for the global competitive
landscape is through: - ✔✔international assignments.
✔✔The global economy, globalization, rapid technological change, and the increasing
importance of knowledge and people as sources of competitive advantage are creating
the need to: - ✔✔delegate strategic responsibilities to employees "closer to the action."
✔✔The strategic leader's work is characterized by: - ✔✔ambiguous decision situations.
✔✔A major assumption about the strategic management process is that it is: -
✔✔rational.
✔✔A business-level strategy describes: - ✔✔the actions a firm takes to exploit its
competitive advantage over rivals.
✔✔For a diversified firm, corporate-level strategy is concerned with: - ✔✔determining
the businesses in which the company intends to compete as well as how to manage its
different businesses.
✔✔PGG Mining is making a strategic decision whether to shut down a coal mine in
Pennsylvania. It is important to consider that the decision: - ✔✔has ethical implications
for organizational stakeholders.
✔✔A large corporation has earned a reputation for being a challenging work
environment for employees, placing demands on employees' time and pushing them to
accomplish tasks, sometimes with little recognition. A recent audit found that the
company was denying employees overtime pay despite the extra work. This is a
reflection of the company's: - ✔✔unethical organizational culture.
✔✔In smaller, new venture firms, returns are sometimes measured in terms of: - ✔✔the
amount and speed of growth.
✔✔A __________ is an integrated and coordinated set of commitments and actions
designed to exploit core competencies and gain a competitive advantage. - ✔✔strategy
✔✔__________ is an investor's uncertainty about the economic gains or losses that will
result from a particular investment. - ✔✔Risk
✔✔The culmination of the strategic management process is: - ✔✔performance.
✔✔Managers must adopt a new mind-set that values __________ and the challenges
that evolve from constantly changing conditions. - ✔✔All of these are correct.
, ✔✔__________ innovation is a term used to describe how rapidly and consistently new,
information-intensive technologies replace older ones. - ✔✔Perpetual
✔✔__________ provides the firm with new and up-to-date skill sets, which allow it to
adapt to its environment as it encounters changes. - ✔✔Continuous learning
✔✔The industrial organization (I/O) model is grounded in: - ✔✔economics.
✔✔Firms use both the __________ and __________ models. In fact, these models
complement each other in that one focuses outside the firm while the other focuses
inside the firm. - ✔✔industrial organization (I/O); resource-based
✔✔Which of the following statements about a vision and mission is true? - ✔✔A vision
statement should be clearly tied to the conditions in the firm's external environment and
internal organization.
✔✔William Ackman is a hedge fund manager who owned a large share of J.C. Penney
stock. He was also a member of the J.C. Penney board. He tried to get the CEO fired,
but the board and top management said he breached his boardroom duties when he
publicly disclosed information about the CEO search and financial condition of the
company. He resigned from the board of directors. This is an example of a contentious
relationship between: - ✔✔the capital market stakeholders and the organizational
stakeholders.
✔✔Strategic leaders are: - ✔✔located in different areas and levels.
✔✔Successful strategic leaders are: - ✔✔All of these are correct.
✔✔Delegation helps: - ✔✔to avoid too much managerial hubris at the top.
✔✔Organizational culture refers to: - ✔✔the complex set of ideologies, symbols, and
core values that are shared throughout the firm.
✔✔Effective strategic leaders are chosen on the basis of their: - ✔✔capabilities and
accumulation of human capital and skills over time.
✔✔Strategic leaders, __________, often work long hours, and their work is filled with
ambiguous decision situations. - ✔✔regardless of their location in the organization
✔✔SWOT stands for: - ✔✔strengths, weaknesses, opportunities, and threats.
✔✔In the strategic management process ASP stands for: - ✔✔analyses, strategies, and
performance.
QUESTIONS AND ANSWERS SURE A+
✔✔A retail outlet can attempt several remedies to improve profitability to meet the
expectations of its __________ stakeholders, including closing stores, changing the top
management team, and seeking potential buyers. - ✔✔capital market
✔✔Organizational stakeholders are usually satisfied when: - ✔✔companies provide a
dynamic, stimulating, and rewarding work environment.
✔✔Product market stakeholders include: - ✔✔suppliers.
✔✔Refuge Nursing Homes, Inc., (RNH) has been highly profitable in the past 10 years,
providing its investors higher returns than those earned by its direct competitors'
investors. RNH has a reputation for providing high-paying managerial and hourly-
employee jobs. However, recent investigations have revealed that the nursing home
residents have been provided substandard care, including non-nutritious and
unappetizing meals, non-functional medical equipment, and inadequate patient-care
staffing. Which of the following statements best describes the situation? - ✔✔RNH has
prioritized the demands of capital market stakeholders and organizational stakeholders
over the demands of product market stakeholders.
,✔✔A highly important means of building employee skills for the global competitive
landscape is through: - ✔✔international assignments.
✔✔The global economy, globalization, rapid technological change, and the increasing
importance of knowledge and people as sources of competitive advantage are creating
the need to: - ✔✔delegate strategic responsibilities to employees "closer to the action."
✔✔The strategic leader's work is characterized by: - ✔✔ambiguous decision situations.
✔✔A major assumption about the strategic management process is that it is: -
✔✔rational.
✔✔A business-level strategy describes: - ✔✔the actions a firm takes to exploit its
competitive advantage over rivals.
✔✔For a diversified firm, corporate-level strategy is concerned with: - ✔✔determining
the businesses in which the company intends to compete as well as how to manage its
different businesses.
✔✔PGG Mining is making a strategic decision whether to shut down a coal mine in
Pennsylvania. It is important to consider that the decision: - ✔✔has ethical implications
for organizational stakeholders.
✔✔A large corporation has earned a reputation for being a challenging work
environment for employees, placing demands on employees' time and pushing them to
accomplish tasks, sometimes with little recognition. A recent audit found that the
company was denying employees overtime pay despite the extra work. This is a
reflection of the company's: - ✔✔unethical organizational culture.
✔✔In smaller, new venture firms, returns are sometimes measured in terms of: - ✔✔the
amount and speed of growth.
✔✔A __________ is an integrated and coordinated set of commitments and actions
designed to exploit core competencies and gain a competitive advantage. - ✔✔strategy
✔✔__________ is an investor's uncertainty about the economic gains or losses that will
result from a particular investment. - ✔✔Risk
✔✔The culmination of the strategic management process is: - ✔✔performance.
✔✔Managers must adopt a new mind-set that values __________ and the challenges
that evolve from constantly changing conditions. - ✔✔All of these are correct.
, ✔✔__________ innovation is a term used to describe how rapidly and consistently new,
information-intensive technologies replace older ones. - ✔✔Perpetual
✔✔__________ provides the firm with new and up-to-date skill sets, which allow it to
adapt to its environment as it encounters changes. - ✔✔Continuous learning
✔✔The industrial organization (I/O) model is grounded in: - ✔✔economics.
✔✔Firms use both the __________ and __________ models. In fact, these models
complement each other in that one focuses outside the firm while the other focuses
inside the firm. - ✔✔industrial organization (I/O); resource-based
✔✔Which of the following statements about a vision and mission is true? - ✔✔A vision
statement should be clearly tied to the conditions in the firm's external environment and
internal organization.
✔✔William Ackman is a hedge fund manager who owned a large share of J.C. Penney
stock. He was also a member of the J.C. Penney board. He tried to get the CEO fired,
but the board and top management said he breached his boardroom duties when he
publicly disclosed information about the CEO search and financial condition of the
company. He resigned from the board of directors. This is an example of a contentious
relationship between: - ✔✔the capital market stakeholders and the organizational
stakeholders.
✔✔Strategic leaders are: - ✔✔located in different areas and levels.
✔✔Successful strategic leaders are: - ✔✔All of these are correct.
✔✔Delegation helps: - ✔✔to avoid too much managerial hubris at the top.
✔✔Organizational culture refers to: - ✔✔the complex set of ideologies, symbols, and
core values that are shared throughout the firm.
✔✔Effective strategic leaders are chosen on the basis of their: - ✔✔capabilities and
accumulation of human capital and skills over time.
✔✔Strategic leaders, __________, often work long hours, and their work is filled with
ambiguous decision situations. - ✔✔regardless of their location in the organization
✔✔SWOT stands for: - ✔✔strengths, weaknesses, opportunities, and threats.
✔✔In the strategic management process ASP stands for: - ✔✔analyses, strategies, and
performance.
