1. A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the __________ perspective of leaders...
MGT 499 quiz 1(A+ Guaranteed Answers)
1. A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly
redesigning the organization into numerous business units. Such errors led to significant performance
declines. According to the text, this example illustrates the __________ perspective of leadership.
A. external control
B. internal mechanism
C. operational
D. romantic correct answers D
2. The four key attributes of strategic management include all of the following EXCEPT:
A. emphasis on the attainment of short-term objectives
B. including multiple stakeholder interests in decision making
C. recognizing the trade-offs between effectiveness and efficiency
D. incorporating both short-term and long-term perspectives correct answers A
3. All of the following are ambidextrous behaviors EXCEPT:
A. being brokers, always looking to build internal linkages
B. being cooperative and seeking opportunities to combine one's efforts with others
C. intensely focusing on the responsibilities of one individual and maximizing the output of the
department in the organization in which that individual works
D. taking initiative and being alert to opportunities beyond the confines of one's own job correct answers
C
4. __________ involves ensuring proper strategic controls and organizational designs.
A. Corporate governance
B. Corporate-level strategy
C. Business-level strategy
D. Strategy implementation correct answers D
5. While working to prioritize and fulfill their responsibilities, members of the board of directors of an
organization should:
, A. represent the interests of the shareholders
B. represent their own interests
C. emphasize the importance of short-term goals
D. direct all actions of the CEO correct answers A
6. There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum
thinking means that:
A. everyone in the organization shares gains and losses equally
B. all parts of the organization gain at no loss
C. in order for someone to gain others must experience no gain or benefit
D. one can only gain at the expense of someone else correct answers D
7. The hierarchy of organizational goals is in this order (least specific to most specific):
A. vision statements, strategic objectives, mission statements
B. vision statements, mission statements, strategic objectives
C. mission statements, strategic objectives, vision statements
D. mission statements, vision statements, strategic objectives correct answers B
8. Taking advantage of the increasing penetration of personal computers in American homes, the Mayo
Clinic transformed itself as a provider of health-related knowledge and expertise. It took advantage of the
______ trends of the _______ in the prices of PCs and the ____________ presence of PCs in virtually
every home in the U.S.
A. hard; decrease; decreasing
B. soft; increase; increasing
C. hard; decrease; increasing
D. soft; decrease; decreasing correct answers C
9. Which of the following is not an example of corporate competitive analysis?
A. Banks tracking home loans
B. Airlines changing hundreds of fares daily in response to competitor tactics
C. Consumers comparing product offers online
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