BMAL 590 BUSINESS INTEGRATION & STRATEGIC MANAGEMENT LATEST UPDATE QUESTIONS WITH COMPLETE SOLUTIONS
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Course
BMAL 590
Institution
BMAL 590
The principal driver(s) of shareholder value is (are) - CORRECT ANSWER profitability and profit growth
A competitive advantage is considered to be a sustained competitive advantage when the - CORRECT ANSWER advantage endures for a long time
Functional managers - CORRECT ANS...
BMAL 590 BUSINESS INTEGRATION & STRATEGIC
MANAGEMENT 2024-2025 LATEST UPDATE
QUESTIONS WITH COMPLETE SOLUTIONS
The principal driver(s) of shareholder value is (are) - CORRECT ANSWER
profitability and profit growth
A competitive advantage is considered to be a sustained competitive advantage when
the - CORRECT ANSWER advantage endures for a long time
Functional managers - CORRECT ANSWER are responsible for the specific business
functions or operations that constitute a company or one of its divisions
The first step in the strategic management process is - CORRECT ANSWER defining
the mission and major goals of the organization
Aaron planned to cut prices at his bicycle shop, but when a competing shop began to
offer free repairs, Aaron decided to copy them. Aaron's new strategy-- offer free
repairs -- is an example of a(n) - CORRECT ANSWER emergent strategy
The scenario approach to strategic planning involves - CORRECT ANSWER devising
plans for coping with a number of different possible future states of the world
Which of the following cognitive biases occurs when decision makers commit even
more resources when they receive feedback that the project is failing? - CORRECT
ANSWER Escalating commitment
Edward Wrapp's ideas about the astuteness of political power suggest that successful
strategic managers - CORRECT ANSWER are skilled organizational politicians who
can build consensus and get their ideas pushed through
Devil's advocacy - CORRECT ANSWER involves one group member being
responsible for questioning the assumptions of a plan
, BMAL 590 BUSINESS INTEGRATION & STRATEGIC
MANAGEMENT 2024-2025 LATEST UPDATE
QUESTIONS WITH COMPLETE SOLUTIONS
Which of the following is NOT a characteristic of well-constructed goals? - CORRECT
ANSWER They are the result of a group decision process
The primary goal of a SWOT analysis is to - CORRECT ANSWER create, affirm, or
fine-tune a company-specific business model
Systematic errors in the decision-making process are caused by - CORRECT ANSWER
cognitive biases on the part of decision makers
Which of the following is NOT a characteristic of emotional intelligence? - CORRECT
ANSWER Self-esteem
Economies of scale may be found - CORRECT ANSWER in several of a company's
departments
The experience curve refers to the - CORRECT ANSWER systematic lowering of the
cost structure and unit cost reductions
Managers should not become complacent about efficiency-based cost advantages
because - CORRECT ANSWER all of these choices
The marketing strategy that a company adopts - CORRECT ANSWER can have a
major impact on efficiency and cost structure
The use of self-managing teams - CORRECT ANSWER requires members to
coordinate their own activities and make decisions
A company's infrastructure includes the company's - CORRECT ANSWER
organization structure, culture, and style of leadership
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