MBA 699 FINAL EXAM REVIEW QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026
What are the organizational parameters? - Answers Vision
Mission
Values
What is the definition of a business strategy? - Answers A plan to achieve a long-term, sustainable,
competitive advantage.
Strategy creation is identifying your primary goals, create a strategy to support those goals and the
developing activities (tactics) to support the successful implementation of the strategy. True or False -
Answers True
What is the difference between strategies and tactics? - Answers Strategy identifies your main
objective (goal). Tactics are the activities you conduct to achieve success in those strategies. Tactics
are the things you do that lead strategic success.
What is a strategic match? - Answers Matching an organizational strength with an organizational
opportunity.
Name one reason diversity in workgroups is important? - pick 3 - Answers · Increase innovation
· Fosters better decision making
· Make teams more agile
· Help achieve better business outcome
· Improve financial performance
· Enhance employee engagement
What does DEI and B stand for? - Answers DEI = Diversity, Equity, and Inclusion
B = Belonging
Identify 3 common causes of employee attrition? - Answers · Poor hiring strategies
· Toxic work cultures
· Lack of growth and development opportunities (training)
· Bad manager
· Poor compensation
· Lack of recognition
· Employee burnout
Identify 2 strategies to support employee retention? - Answers · Hire the right fit
· Quality orientations and instructions
· Listen to employees (active listening for feedback)
· Employee appreciation - provide a sense of accomplishment
· Make it a fun work environment
· Have a growth plan for employees
· Stay updated on HR polices
· Communication is key
· Conduct "stay" interviews
Name 1 strategic benefit of a possible merger or acquisition if acquiring another company? - Answers
· Market share growth
· Geographic market expansion
· Diversification of products and services
· Gaining market power
· Elimination of a competitor
· Economics of scale
· Vertical integration opportunities
· Acquisition of human capital
According to Harvard Business Review studies, what % of acquisitions fail? - Answers 70-90%
Identify the 3 phases selling a company successfully? - Answers 1. Prepare the company for sale
2. Locate potential buyer/buyers
3. Negotiate and finalize
What does SMART stand for in setting objectives? - Answers Specific
Measurable
Attainable
Relevant
What are the organizational parameters? - Answers Vision
Mission
Values
What is the definition of a business strategy? - Answers A plan to achieve a long-term, sustainable,
competitive advantage.
Strategy creation is identifying your primary goals, create a strategy to support those goals and the
developing activities (tactics) to support the successful implementation of the strategy. True or False -
Answers True
What is the difference between strategies and tactics? - Answers Strategy identifies your main
objective (goal). Tactics are the activities you conduct to achieve success in those strategies. Tactics
are the things you do that lead strategic success.
What is a strategic match? - Answers Matching an organizational strength with an organizational
opportunity.
Name one reason diversity in workgroups is important? - pick 3 - Answers · Increase innovation
· Fosters better decision making
· Make teams more agile
· Help achieve better business outcome
· Improve financial performance
· Enhance employee engagement
What does DEI and B stand for? - Answers DEI = Diversity, Equity, and Inclusion
B = Belonging
Identify 3 common causes of employee attrition? - Answers · Poor hiring strategies
· Toxic work cultures
· Lack of growth and development opportunities (training)
· Bad manager
· Poor compensation
· Lack of recognition
· Employee burnout
Identify 2 strategies to support employee retention? - Answers · Hire the right fit
· Quality orientations and instructions
· Listen to employees (active listening for feedback)
· Employee appreciation - provide a sense of accomplishment
· Make it a fun work environment
· Have a growth plan for employees
· Stay updated on HR polices
· Communication is key
· Conduct "stay" interviews
Name 1 strategic benefit of a possible merger or acquisition if acquiring another company? - Answers
· Market share growth
· Geographic market expansion
· Diversification of products and services
· Gaining market power
· Elimination of a competitor
· Economics of scale
· Vertical integration opportunities
· Acquisition of human capital
According to Harvard Business Review studies, what % of acquisitions fail? - Answers 70-90%
Identify the 3 phases selling a company successfully? - Answers 1. Prepare the company for sale
2. Locate potential buyer/buyers
3. Negotiate and finalize
What does SMART stand for in setting objectives? - Answers Specific
Measurable
Attainable
Relevant
