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Title: MGT 498 Final Exam Answers


1
MGT 498 Final Exam Answers
  • By www.UopeAssignments.com

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  • 1 According to Porter, the corporation is most
    concerned with
  • the aggregate level of demand for a product line
  • the amount of pressure from the societal
    environment
  • the intensity of competition within its industry
  • a market's position on its life cycle
  •  
  • 2 Which strategy specifies the firm's overall
    direction in terms of its general orientation
    toward growth, the industries or markets in which
    it competes, and the manner in which it
    coordinates activities and transfers resources
    among business units?
  • Corporate
  • Divisional
  • Functional
  • Organizational

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3
  • 3 Which is the MOST commonly used measure of
    corporate performance (in terms of profit)?
  • ROE
  • ROI
  • EPS
  • DPS
  •  
  • 4 When a company determines a competency's
    competitive advantage, Barney refers to this
    issue as
  • value
  • rareness
  • imitability
  • organization

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4
  • Final Exam Answers just a click away MGT 498
    Final Exam
  • 5 If performance data and activity reports
    indicate undesirable performance as a result of
    inappropriate use of the strategic management
    process, operational managers must
  • change the strategic management model.
  • know about it so that they can correct the
    employee activity.
  • allow sufficient time to pass to verify if it is
    the process or just the usage that is the
    problem.
  • immediately notify the board of directors.
  •  
  • 6 In the development of a SFAS matrix, the first
    step is to
  • calculate the weighted scores
  • indicate short-term for the duration
  • enter the ratings of how the company's management
    is responding to each of the strategic factors
  • list the most important EFAS and IFAS items

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5
  • 7 Continuous improvement is an operations concept
    developed in
  • the United States
  • Sweden
  • Japan
  • Germany
  •  
  • 8 In a survey of 50 corporations, which of the
    following was rated as a benefit of strategic
    management?
  • Clearer sense of vision for the firm
  • Higher levels of job satisfaction
  • Improved productivity
  • Higher levels of employee motivation

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6
  • 9 The hiring of new people with new skills,
    firing of people with inappropriate or
    substandard skills, and/or training existing
    employees to learn new skills are included the
    process of
  • training
  • operating
  • structuring
  • Staffing
  • Download now MGT 498
  • 10 The relationship among the board of directors,
    top management, and shareholders is referred to
    as
  • corporate governance
  • corporate synergy
  • corporate strategy
  • corporate management

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7
  • 11 Which company experienced a tarnished
    reputation and scandal after experiencing
    behavior substitution when employees altered
    their behavior on the job to fit the reward
    system?
  • Macy's
  • Neiman Marcus
  • Saks
  • Sears, Roebuck, Co.
  •  
  • 12 Research suggests that strategic management
    evolves through four sequential phases in
    corporations. The first phase is
  • basic financial planning
  • internally-oriented planning
  • forecast-based planning
  • externally-oriented planning

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8
  • Find the final exam answers here MGT 498 Complete
    Course
  • 13The sum total of the activities and choices
    required for the execution of a strategic plan is
    known as in
  • environmental scanning
  • evaluation and control
  • strategic formulation
  • strategy implementation
  •  
  • 14 The strategy implementation tool used to
    determine what actions are going to be taken,
    by whom, during what time frame, and with what
    expected results is called a(n)
  • MBO
  • succession plan
  • action plan
  • mission statement

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9
  • 15 One reason environmental uncertainty is a
    threat to strategic managers is because
  • it hampers their ability to develop long-range
    plans.
  • it forces the strategic manager to be reactive.
  • it is a costly and consuming process.
  • the strategic manager cannot control the
    environment.
  •  
  • 16 The technique that illustrates how management
    can match the external opportunities and threats
    with its strengths and weaknesses to yield four
    sets of strategic alternatives is called a (an)
  • TOWS Matrix
  • EFAS Table
  • SFAS Table
  • IFAS Table

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10
  • Complete paper here MGT 498 Complete Paper
  • 17 Who typically implements strategy in large,
    multi-industry corporations?
  • First level management
  • Everyone in the organization
  • The board of directors
  • Middle management
  •  
  • 18 The process by which a firm approaches its
    cross-border activities and those of competitors,
    and plans to approach them in the future, is
    called
  • staging
  • competitive strategy
  • cross-border configuration
  • international strategy

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11
  • 19 Executives with a particular mix of skills and
    experiences may be classified as an executive
    type and paired with
  • a specific personal characteristic
  • a certain educational background
  • a specific experience background
  • a specific corporate strategy
  • 20 The concept that proposes private corporations
    have responsibilities to society that extend
    beyond making a profit is known as
  • social responsibility
  • flexible responsibility
  • social flexibility
  • managerial responsibility

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12
  • Download for answers MGT 498 Final Exam Guide
  • 21 According to the text, what is the "key" to
    effective management of change in culture?
  • Operationalization
  • Communication
  • Staffing
  • Evaluation
  •  
  • 22 An acronym for the assessment of the external
    and internal environments of the business
    corporation in the process of strategy
    formulation/strategic planning is
  • S.B.U.
  • R.O.I.
  • M.B.O.
  • S.W.O.T.

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13
  • 23 Who said that the social responsibility of
    business is a "fundamentally subversive doctrine"
    and that the one social responsibility of
    business is "to use its resources and engage in
    activities designed to increase its profits so
    long as it stays with the rules of the game..."?
  • Archie Carroll
  • Adam Smith
  • William C. Norris
  • Milton Friedman
  •  
  • 24 Suboptimization occurs when
  • individuals are placed into positions not suited
    to their abilities
  • managers tend to focus more of their attentions
    on those aspects which are measurable than on
    those which are not
  • a division or functional unit views itself as a
    separate entity and refuses to cooperate with
    other divisions or units to the detriment of the
    organization as a whole
  • there is a failure to produce at or near full
    capacity

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14
  • Want help? Click to download MGT 498 Complete
    Paper
  •  
  • 25 Which strategy is developed to pull together
    the various activities and competencies of each
    department so that corporate and business unit
    performance improves and resource productivity is
    maximized?
  • Functional strategy
  • Enterprise strategy
  • Business strategy
  • Competitive strategy
  •  
  • 26 The end result of activity is known as
  • measurement
  • gratuity
  • performance
  • return on equity

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15
  • 27 What question must managers ask concerning the
    relationship between economic logic and
    international strategy?
  • Which international market-entry strategies will
    we use?
  • How does our international strategy contribute to
    the economic logic of our business and corporate
    strategies?
  • Which geographic areas will we enter?
  • How does being international make our products
    more attractive to our customers?
  •  
  • 28 The strategy that deals with product and
    process innovation and improvement is known as a
    __________ strategy.
  • RD
  • operations
  • financial
  • marketing

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16
  • 29 Because of the belief that accounting-based
    numbers such as ROI, ROE, and EPS are not
    reliable indicators of a corporation's economic
    value, which method of corporate performance is
    now preferred?
  • Basic earning power
  • Profit margin on sales
  • Shareholder value
  • Price/earnings ratio
  •  
  • 30 Strategic planning in a multidivisional
    corporation
  • should encourage a clear delineation between top
    management and lower-level managers.
  • should be accomplished quickly to decrease the
    likelihood of it becoming outdated.
  • should be instigated only from the main corporate
    office.
  • should be a formalized and sophisticated system.
  •  
  • Final Exam Answers just a click away MGT 498
    Final Exam Answers

17
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