4pa3 case exam QUESTIONS WITH
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ANSWERS
When assessing the operating performance of a
|\ |\ |\ |\ |\ |\ |\
company, a typical Financial Position indicator includes
|\ |\ |\ |\ |\ |\
a. key expense ratios
|\ |\ |\
b. return on equity
|\ |\ |\
c. leverage ratios
|\ |\
d. market share - CORRECT ANSWERS ✔✔c. leverage
|\ |\ |\ |\ |\ |\ |\ |\
ratios
An enterprise where operational performance is negative
|\ |\ |\ |\ |\ |\ |\
and organizational health is positive is what type of
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization?
a. An organization in crisis.
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b. A troubled organization.
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c. A complacent organization.
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d. A healthy organization - CORRECT ANSWERS ✔✔c. A
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complacent organization. |\
In 2007 Apple dropped ―Computer‖ from its name. From
|\ |\ |\ |\ |\ |\ |\ |\ |\
a visioning perspective this is
|\ |\ |\ |\
,an example of
|\ |\
a. revitalization
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b. establishing why they exist
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c. update a sense of vision
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d. carrying out a public relations exercise - CORRECT
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ANSWERS ✔✔d. carrying out a public relations exercise
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In the Collins and Porras framework, core values and core
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
purpose need to be |\ |\ |\
paired with an envisioned future, including a vivid
|\ |\ |\ |\ |\ |\ |\ |\
description that is reachable |\ |\ |\
in
a. 1 to 2 years
|\ |\ |\ |\
b. 3 to 5 years
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c. 5 to 10 years
|\ |\ |\ |\
d. over 10 years - CORRECT ANSWERS ✔✔d. over 10
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
years
Good vision statements are best described as
|\ |\ |\ |\ |\ |\
a. feasible and challenging
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b. feasible and readily implemented
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c. desirable and resistant to change
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,d. desirable and singular in their purpose - CORRECT
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ANSWERS ✔✔a. feasible and challenging |\ |\ |\ |\
Failure to translate a vision into a strategy is sometimes
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
known as |\
a. corporate slide
|\ |\
b. organizational lag
|\ |\
c. faulty implementation
|\ |\
d. strategic drift - CORRECT ANSWERS ✔✔d. strategic drift
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The general manager should set direction, create
|\ |\ |\ |\ |\ |\ |\
strategy, implement change, and |\ |\ |\
control the process. |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Organizational performance is based on two sets of |\ |\ |\ |\ |\ |\ |\ |\
measures: operational |\
performance and financial health. |\ |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Employee turnover is an example of an operating
|\ |\ |\ |\ |\ |\ |\ |\
performance measure |\
T/F - CORRECT ANSWERS ✔✔T
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, A good vision statement should be one that is readily
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
achievable.
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
The vision for the organization is intended to provide
|\ |\ |\ |\ |\ |\ |\ |\ |\
direction and guidance. |\ |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Strategy is about inspiring and motivating an |\ |\ |\ |\ |\ |\ |\
organization.
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
The four components of the strategy model are
|\ |\ |\ |\ |\ |\ |\
a. goals, products, markets, and activities
|\ |\ |\ |\ |\
b. financial resources, goals, markets, and products
|\ |\ |\ |\ |\ |\
c. focus, goals, activities, and financial resources
|\ |\ |\ |\ |\ |\
d. value, goals, focus, and activities - CORRECT ANSWERS
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✔✔d. value, goals, focus, and activities
|\ |\ |\ |\ |\ |\
A pure play corporate strategy will likely occur
|\ |\ |\ |\ |\ |\ |\
a. where between 70 and 95% of revenue comes from a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
single business unit |\ |\
|\ |\ |\ |\ |\
ANSWERS
When assessing the operating performance of a
|\ |\ |\ |\ |\ |\ |\
company, a typical Financial Position indicator includes
|\ |\ |\ |\ |\ |\
a. key expense ratios
|\ |\ |\
b. return on equity
|\ |\ |\
c. leverage ratios
|\ |\
d. market share - CORRECT ANSWERS ✔✔c. leverage
|\ |\ |\ |\ |\ |\ |\ |\
ratios
An enterprise where operational performance is negative
|\ |\ |\ |\ |\ |\ |\
and organizational health is positive is what type of
|\ |\ |\ |\ |\ |\ |\ |\ |\
organization?
a. An organization in crisis.
|\ |\ |\ |\
b. A troubled organization.
|\ |\ |\
c. A complacent organization.
|\ |\ |\
d. A healthy organization - CORRECT ANSWERS ✔✔c. A
|\ |\ |\ |\ |\ |\ |\ |\ |\
complacent organization. |\
In 2007 Apple dropped ―Computer‖ from its name. From
|\ |\ |\ |\ |\ |\ |\ |\ |\
a visioning perspective this is
|\ |\ |\ |\
,an example of
|\ |\
a. revitalization
|\
b. establishing why they exist
|\ |\ |\ |\
c. update a sense of vision
|\ |\ |\ |\ |\
d. carrying out a public relations exercise - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔d. carrying out a public relations exercise
|\ |\ |\ |\ |\ |\ |\
In the Collins and Porras framework, core values and core
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
purpose need to be |\ |\ |\
paired with an envisioned future, including a vivid
|\ |\ |\ |\ |\ |\ |\ |\
description that is reachable |\ |\ |\
in
a. 1 to 2 years
|\ |\ |\ |\
b. 3 to 5 years
|\ |\ |\ |\
c. 5 to 10 years
|\ |\ |\ |\
d. over 10 years - CORRECT ANSWERS ✔✔d. over 10
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
years
Good vision statements are best described as
|\ |\ |\ |\ |\ |\
a. feasible and challenging
|\ |\ |\
b. feasible and readily implemented
|\ |\ |\ |\
c. desirable and resistant to change
|\ |\ |\ |\ |\
,d. desirable and singular in their purpose - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔a. feasible and challenging |\ |\ |\ |\
Failure to translate a vision into a strategy is sometimes
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
known as |\
a. corporate slide
|\ |\
b. organizational lag
|\ |\
c. faulty implementation
|\ |\
d. strategic drift - CORRECT ANSWERS ✔✔d. strategic drift
|\ |\ |\ |\ |\ |\ |\ |\
The general manager should set direction, create
|\ |\ |\ |\ |\ |\ |\
strategy, implement change, and |\ |\ |\
control the process. |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Organizational performance is based on two sets of |\ |\ |\ |\ |\ |\ |\ |\
measures: operational |\
performance and financial health. |\ |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Employee turnover is an example of an operating
|\ |\ |\ |\ |\ |\ |\ |\
performance measure |\
T/F - CORRECT ANSWERS ✔✔T
|\ |\ |\ |\
, A good vision statement should be one that is readily
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
achievable.
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
The vision for the organization is intended to provide
|\ |\ |\ |\ |\ |\ |\ |\ |\
direction and guidance. |\ |\ |\
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
Strategy is about inspiring and motivating an |\ |\ |\ |\ |\ |\ |\
organization.
T/F - CORRECT ANSWERS ✔✔F
|\ |\ |\ |\
The four components of the strategy model are
|\ |\ |\ |\ |\ |\ |\
a. goals, products, markets, and activities
|\ |\ |\ |\ |\
b. financial resources, goals, markets, and products
|\ |\ |\ |\ |\ |\
c. focus, goals, activities, and financial resources
|\ |\ |\ |\ |\ |\
d. value, goals, focus, and activities - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔d. value, goals, focus, and activities
|\ |\ |\ |\ |\ |\
A pure play corporate strategy will likely occur
|\ |\ |\ |\ |\ |\ |\
a. where between 70 and 95% of revenue comes from a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
single business unit |\ |\
