MGT 250 Test 1 Potential Questions
_____ goals are set by and for an organization's top management. - ANS Strategic
Which of the following is true of strategic plans? - ANS They address questions of competitive
advantage and synergy.
Which of the following is true of operational goals? - ANS They concern themselves with
short-term issues.
A line manager at a brewery sets a target for the minimum number of beet cartons that have to
be shipped out by the end of each day. This is an example of a(n) _____ goal. - ANS
operational
An automobile company that is the first of its kind to manufacture a car that runs solely on solar
energy is said to: - ANS have a distinctive competence.
Which of the following areas of the strategy specifies the range of markets in which an
organization will compete? - ANS Scope
_____ refers to the choices an organization makes as to where and how much to invest. - ANS
Resource Deployment
The set of processes involved in creating or determining the organization's strategies is called
_____. - ANS strategy formulation
Organizational strengths are: - ANS capabilities that enable an organization to implement its
strategies.
A national news event leads to a surge of interest in education policy. For an education think
tank, this represents an organizational _____. - ANS opportunity
In practice, organizations have a hard time focusing on _____. - ANS weaknesses
In the SWOT analysis, evaluating organizational _____ requires analyzing an organization's
environment. - ANS opportunities
Which of the following is true of firms that successfully implement a differentiation strategy? -
ANS They are able to charge more than competitors.
, Which of the following is true of a differentiation strategy? - ANS It is a strategy in which a firm
distinguishes itself from competitors through the quality of its products.
Product differentiation is an important management issue during the _____ stage of the product
life cycle. - ANS growth
A firm that specializes in alternative energy releases a new and highly efficient solar battery.
During the _____ stage of the product cycle, other firms will begin to produce the product and
sales will continue to increase. - ANS growth
Which of the following is a type of corporate-level strategy? - ANS Single-product strategy
A wedding planner in Boston decides to open a specialty boutique for bridal gowns. This is an
example of _____. - ANS related diversification
According to the BCG matrix, _____ are businesses that have the largest share of a rapidly
growing market. - ANS stars
According to the BCG matrix, _____ are businesses that have a very small share of a market
that is not expected to grow. - ANS dogs
Which of the following is an area of focus for tactical plans? - ANS People
Tactical plans must be consistent with a(n) _____ plan. - ANS strategic
In order to further an organization's goal of increasing sales by a large margin, upper-level
managers coordinate the acquisition of a number of retail outlets in smaller cities. These
acquisitions represent the implementation of a(n) _____ plan. - ANS tactical
Which of the following is NOT part of the proper execution of tactical plans? - ANS Inconsistent
activities
A policy is: - ANS the most general form of a standing plan.
A clothing manufacturer is opening a new facility in a different city. Which of the following
single-use plans will it employ? - ANS Program
A _____ describes how specific activities are to be carried out. - ANS rule or regulations
Which of the following is true of a standard operating procedure? - ANS It outlines the steps to
be followed in particular circumstances.
Which of the following is NOT a common responsibility of first-line managers?
a. Handle routine administrative duties.
_____ goals are set by and for an organization's top management. - ANS Strategic
Which of the following is true of strategic plans? - ANS They address questions of competitive
advantage and synergy.
Which of the following is true of operational goals? - ANS They concern themselves with
short-term issues.
A line manager at a brewery sets a target for the minimum number of beet cartons that have to
be shipped out by the end of each day. This is an example of a(n) _____ goal. - ANS
operational
An automobile company that is the first of its kind to manufacture a car that runs solely on solar
energy is said to: - ANS have a distinctive competence.
Which of the following areas of the strategy specifies the range of markets in which an
organization will compete? - ANS Scope
_____ refers to the choices an organization makes as to where and how much to invest. - ANS
Resource Deployment
The set of processes involved in creating or determining the organization's strategies is called
_____. - ANS strategy formulation
Organizational strengths are: - ANS capabilities that enable an organization to implement its
strategies.
A national news event leads to a surge of interest in education policy. For an education think
tank, this represents an organizational _____. - ANS opportunity
In practice, organizations have a hard time focusing on _____. - ANS weaknesses
In the SWOT analysis, evaluating organizational _____ requires analyzing an organization's
environment. - ANS opportunities
Which of the following is true of firms that successfully implement a differentiation strategy? -
ANS They are able to charge more than competitors.
, Which of the following is true of a differentiation strategy? - ANS It is a strategy in which a firm
distinguishes itself from competitors through the quality of its products.
Product differentiation is an important management issue during the _____ stage of the product
life cycle. - ANS growth
A firm that specializes in alternative energy releases a new and highly efficient solar battery.
During the _____ stage of the product cycle, other firms will begin to produce the product and
sales will continue to increase. - ANS growth
Which of the following is a type of corporate-level strategy? - ANS Single-product strategy
A wedding planner in Boston decides to open a specialty boutique for bridal gowns. This is an
example of _____. - ANS related diversification
According to the BCG matrix, _____ are businesses that have the largest share of a rapidly
growing market. - ANS stars
According to the BCG matrix, _____ are businesses that have a very small share of a market
that is not expected to grow. - ANS dogs
Which of the following is an area of focus for tactical plans? - ANS People
Tactical plans must be consistent with a(n) _____ plan. - ANS strategic
In order to further an organization's goal of increasing sales by a large margin, upper-level
managers coordinate the acquisition of a number of retail outlets in smaller cities. These
acquisitions represent the implementation of a(n) _____ plan. - ANS tactical
Which of the following is NOT part of the proper execution of tactical plans? - ANS Inconsistent
activities
A policy is: - ANS the most general form of a standing plan.
A clothing manufacturer is opening a new facility in a different city. Which of the following
single-use plans will it employ? - ANS Program
A _____ describes how specific activities are to be carried out. - ANS rule or regulations
Which of the following is true of a standard operating procedure? - ANS It outlines the steps to
be followed in particular circumstances.
Which of the following is NOT a common responsibility of first-line managers?
a. Handle routine administrative duties.
