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MGT103 - Quiz 2 with correct Answers
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MGT103 - Quiz 2 with correct Answers
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MGT103 - Quiz 2 with correct AnswersWhich one of the following is NOT a purpose of goals?
A. Goals provide an effective mechanism for evaluation and control.
B. Goals can serve as a source of motivation for an organization's employees.
C. Goals are used to forecast potential issues
D. They provide guidance and unified direction for people in the organization. - Answers
-C
The primary distinction between strategy formulation and strategy implementation is
along the lines of _____ versus ______: The formulation stage determines what the
strategy is, and the implementation stage focuses on how the strategy is achieved.
A. efficiency; effectiveness
B.mission; vision
C.content; process
D.strategy; tactic - Answers -C
__________ are to battles what strategy is to a war: an organized sequence of steps
designed to execute strategic plans.
A. Operational plans
B.Sequential plans
C.Tactical plans
D.Organizational plans - Answers -C
During the _________ stage, overall demand growth for a product begins to slow down,
and the number of new firms producing the product begins to decline.
A.maturity
B.decline
C.introduction
D.growth - Answers -A
The BCG matrix suggests that organizations should invest carefully in _________. If
their performance does not live up to expectations, they should be reclassified as
_______ and divested.
A.stars; cash cows
B.question marks; dogs
C.cash cows; dogs
D.dogs; question marks - Answers -B
Strategy _________ is the set of processes involved in creating or determining the
organization's strategies.
A.evaluation
, B.implementation
C.execution
D.formulation - Answers -D
Distinctive competencies can also be known as___________.
A.internal strengths
B.external opportunities
C.external differences
D.internal issues - Answers -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 always forecast the risks involved in making the decision.
C.Decision makers can effectively eliminate uncertainty to achieve a decision condition
of certainty.
D.Decision makers evaluate all aspects of the decision situation logically and rationally.
- Answers -B
A _________ is an informal alliance of individuals or groups formed to achieve a
common goal.
A.political party
B.temporary group
C.coalition
D.taskforce - Answers -C
An organization's ___________ is a statement of its "fundamental, unique purpose that
sets a business apart from other firms of its type and identifies the scope of the
business's operations in product and market terms."
A.vision
B.structure
C.mission
D.plan - Answers -C
In the BCG matrix, __________ are businesses that have a very small share of a
market that is not expected to grow.
A.dogs
B.questions marks
C.stars
D.cash cows - Answers -A
Research suggests that unrelated diversification usually does not lead to high
performance.
A. True
B. False - Answers -A
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