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MGT103 Questions and Answers
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  • MGT 103
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  • MGT 103

In the BCG matrix, are businesses that have a very small share of a market that is not expected to grow. A. dogs B. stars C. cash cows D. questions marks ~ A ___________________is the determination of alternative courses of action to be taken if an intended plan of action is unexpectedly...

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  • August 4, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mgt103 questions and answers

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  • MGT 103
  • MGT 103

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MGT103 Questions and
Answers

In the BCG matrix, are businesses that have a very small share of a market that is

not expected to grow.

A. dogs

B. stars

C. cash cows

D. questions marks


✓✓~ A




___________________is the determination of alternative courses of action to be

taken if an intended plan of action is unexpectedly disrupted or rendered

inappropriate.

A. Contingency planning

B. Crisis management

C. Goal setting

D. Forecast

,✓✓~ A




________________are developed for activities that recur regularly over a period of

time.

A. Standing plans

B. ontingency plans

C. Single-use plans

D. Multiple-use plans


✓✓~ A




When the decision maker knows with reasonable certainty what the alternatives are

and what conditions are associated with each alternative,

a________________exists.

A. state of certainty

B. state of risk

C. state of uncertainty

D. state of being risk-free


✓✓~ A




According to the classical decision model, which one of the following is NOT one of

the assumptions regarding the decision-making process?

, A. Decision makers have complete information about the decision situation and

possible alternatives

B. Decision makers can effectively eliminate uncertainty to achieve a decision

condition of certainty.

C. Decision makers evaluate all aspects of the decision situation logically and

rationally.

D. Decision makers can always forecast the risks involved in making the decision.


✓✓~ D




Which one is NOT one of the steps in the rational decision-making process?

A. Recognizing and defining the decision situation

B. Selecting the best alternative

C. Evaluating options in case of making a bad decision

D. Following up and evaluating the results


✓✓~ C




For years, executives at GM, Ford, and Chrysler compared their companies'

performance only to one another's and essentially ignored foreign imports. The

foreign "threat" was not acknowledged until the domestic auto market had been

changed forever. In this case, these executives were affected by:

A. bounded rationality

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