Advanced Management Question Bank
Course Introduction
Advanced Management is a comprehensive course that delves into the complex strategies, theories, and practices employed by successful organizations to achieve their objectives in a dynamic business environment. Covering topics such as strategic planning, organizational behavior, decision-making, leadership styles, innovation, and change management, the course equips students with the analytical tools and critical thinking skills needed to manage effectively at higher levels of responsibility. Case studies and real-world scenarios are used to illustrate how advanced management concepts are applied in diverse industries, enabling students to develop the competencies required to lead teams, foster organizational growth, and navigate challenges in todays global marketplace.
Recommended Textbook
Strategic Management and Business Policy 15th Global Edition by J. David Hunger
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13 Chapters
1413 Verified Questions
1413 Flashcards
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Chapter 1: Basic Concepts in Strategic Management
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112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/40312
Sample Questions
Q1) Logical incrementalism is a useful decision-making mode when the environment is rapidly changing and when it is important to build consensus to a specific strategy.
A)True
B)False
Answer: True
Q2) All of the following reflect activities of a learning organization EXCEPT
A) experimenting with new approaches.
B) learning from its own experiences and past history.
C) solving problems systematically.
D) alienating competitors in the industry.
E) transferring knowledge quickly and efficiently throughout the organization.
Answer: D
Q3) The internal environment includes the variables within the organization itself that are within the short-run control of top management.
A)True
B)False
Answer: True
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Chapter 2: Corporate Governance
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99 Verified Questions
99 Flashcards
Source URL: https://quizplus.com/quiz/40313
Sample Questions
Q1) The requirements of a board of directors vary significantly by country and by state; however,there is a developing consensus as to what the major responsibilities should be.Which of the following is not one of the responsibilities?
A) effective board leadership including the processes, makeup and output of the board
B) strategy of the organization
C) risk vs. initiative and the overall risk profile of the organization
D) becoming directly involved in managerial decisions
E) sustainability
Answer: D
Q2) Executive leadership is the directing of activities toward the accomplishment of corporate objectives.
A)True
B)False
Answer: True
Q3) Generally,the smaller the corporation,the less active is its board of directors.
A)True
B)False
Answer: True
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Chapter 3: Social Responsibility and Ethics in Strategic Management
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103 Verified Questions
103 Flashcards
Source URL: https://quizplus.com/quiz/40314
Sample Questions
Q1) Managers who want to improve ethical behavior should take actions such as
A) communicate the code of ethics in training programs.
B) emphasize the code of ethics in performance appraisal systems.
C) follow a code of ethical behavior themselves.
D) communicate the code of ethics in policies and procedures.
E) all of the above
Answer: E
Q2) Of the six values measured by the Allport-Vernon-Lindzey Study of Values test,both U.S.and British executives consistently score highest on ________ values and lowest on ________ values.
A) religious and theoretical; economic and social
B) religious and economic; political and social
C) economic and political; social and religious
D) social and religious; aesthetic and political
E) religious; economic
Answer: C
Q3) Ethical responsibilities are voluntary obligations a corporation assumes.
A)True
B)False
Answer: False
Page 5
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Chapter 4: Environmental Scanning and Industry Analysis
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119 Verified Questions
119 Flashcards
Source URL: https://quizplus.com/quiz/40315
Sample Questions
Q1) Business intelligence is one of the fastest growing fields within strategic management.
A)True
B)False
Q2) The U.S.major home appliance industry is an example of an industry
A) that has evolved from an oligopoly to a monopoly.
B) in which each company maintained a distinct product line.
C) that was once fragmented, but now is consolidated.
D) that has experienced consistent, increasing sales.
E) experiencing a successful strategy of product specialization because of product differentiation.
Q3) Booz & Company found that companies that are most successful at avoiding surprises had a well-defined system that integrated planning,budgeting,and business reviews.
A)True
B)False
Q4) What are the two factors that tend to determine whether an industry will be primarily multi-domestic or primarily global?
Q5) Describe the four strategic types of the Miles and Snow typology.
Q6) Discuss the most commonly practiced form of forecasting.
Page 6
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Chapter 5: Organizational Analysis and Competitive Advantage
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110 Verified Questions
110 Flashcards
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Sample Questions
Q1) The business model used by Spirit Airlines in offering a low-priced fare to the mass market is the
A) efficiency model.
B) advertising model.
C) customer solutions model.
D) entrepreneurial model.
E) profit pyramid model.
Q2) The process of taking a new technology from the laboratory to the marketplace is called
A) economies of scope versus operating leverage.
B) the R&D mix.
C) technological competence.
D) technology transfer.
E) technology discontinuity.
Q3) What is R&D intensity?
Q4) A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.
A)True
B)False
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Chapter 6: Strategy Formulation: Business Strategy
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113 Verified Questions
113 Flashcards
Source URL: https://quizplus.com/quiz/40317
Sample Questions
Q1) Apple is an example of a company following which of Porter's generic competitive strategies?
A) cost leadership
B) differentiation
C) cost focus
D) competitive scope
E) diversification
Q2) If it is to be successful,Porter advises that a division possess strong marketing abilities,product engineering,a creative flair,strong capability in basic research and a corporate reputation for quality or technological leadership,for which one of the following generic competitive strategies?
A) focus
B) differentiation
C) overall cost leadership
D) vertical growth
E) concentration
Q3) One skill required of the cost leadership strategy is a strong marketing ability.
A)True
B)False
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Page 8
Chapter 7: Strategy Formulation: Corporate Strategy
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108 Verified Questions
108 Flashcards
Source URL: https://quizplus.com/quiz/40318
Sample Questions
Q1) Which one of the following directional strategies is most frequently used in corporations?
A) stability
B) consolidation
C) growth
D) retrenchment
E) expansion
Q2) Which external growth strategy involves two or more corporations joining in a stock exchange and from which only one corporation survives?
A) merger
B) strategic alliance
C) diversification
D) acquisition
E) concentration
Q3) A disadvantage of vertical integration is that it
A) creates exit barriers.
B) improves coordination of activities.
C) decreases demand for the firm's products and services.
D) creates entry barriers.
E) avoids time consuming tasks.
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/40319
Sample Questions
Q1) What does a financial strategy examine?
Q2) The real-options approach used by Chevron for bidding on petroleum reserves improves organizational performance.
A)True
B)False
Q3) If a company wishes to be a technological leader and also maintain a cost advantage,the appropriate R&D strategy would be to
A) increase the cost of the product.
B) lower the cost of the product or value activities by learning from the leader's experience.
C) avoid R&D costs through imitation.
D) create low-cost ways of performing value activities.
E) innovate in other activities to increase buyer value.
Q4) Leveraged buyouts are also sometimes referred to as A) leveraged bargains.
B) management buyouts.
C) management bargains.
D) coordinated buyouts.
E) debt buyouts.
Chapter 9: Strategy Implementation: Global Strategy
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102 Verified Questions
102 Flashcards
Source URL: https://quizplus.com/quiz/40320
Sample Questions
Q1) When designing a plan for repatriation,
A) communication should begin as soon as the manager returns home.
B) it should always include details of the next international assignment.
C) the employee should be involved in how he or she would like to incorporate the skills learned at the home office.
D) little of the experience should be shared during the assignment.
E) the plan should be generic enough to apply to all expatriates.
Q2) Production sharing is often called outsourcing.
A)True
B)False
Q3) The first stage of international development is the domestic company.
A)True
B)False
Q4) When should an organization begin communication to discuss the repatriation process?
A) when the expat accepts the assignment
B) 6 months prior to the end of the assignment
C) when the expat returns home
D) 6 months after the expat returns home
E) when the expat arrives at the foreign assignment
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Chapter 10: Strategy Implementation: Organizing and Structure
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108 Verified Questions
108 Flashcards
Source URL: https://quizplus.com/quiz/40321
Sample Questions
Q1) Which structure is described as a "non-structure" by its virtual elimination of in-house business functions?
A) strategic business units
B) functional structure
C) network structure
D) divisional structure
E) matrix structure
Q2) One of the goals to be achieved in strategy implementation is synergy between and among functions and business units.
A)True
B)False
Q3) Discuss Chandler's conclusion concerning strategy.
Q4) Rather than attempting to fix existing problems through minor adjustments and the fine-tuning of existing processes,the key to reengineering is to ask,"If this were a new company,how would we run this place?"
A)True
B)False
Q5) Discuss the network structure.
Q6) What are the four stages of corporate development?
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Chapter 11: Strategy Implementation: Staffing and Directing
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110 Verified Questions
110 Flashcards
Source URL: https://quizplus.com/quiz/40322
Sample Questions
Q1) To successfully downsize,companies must invest in the remaining employees.
A)True
B)False
Q2) Which of the following is not an essential ingredient of TQM?
A) intense focus on customer satisfaction
B) internal as well as external customers
C) action planning
D) continuous improvement
E) accurate measurement of every critical variable in a company's operations
Q3) TQM links organizational objectives and the behavior of individuals.
A)True
B)False
Q4) A corporation following a concentration strategy emphasizing vertical or horizontal growth would probably not want an aggressive new chief executive with a great deal of experience in that particular industry-a dynamic industry expert.
A)True
B)False
Q5) List the guidelines proposed for successful downsizing.
Q6) What information should an action plan include?
Q7) What are the four elements of the MBO process?
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Chapter 12: Evaluation and Control
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114 Verified Questions
114 Flashcards
Source URL: https://quizplus.com/quiz/40323
Sample Questions
Q1) Corporations will emphasize all types of controls (output,input,and behavior)when they are following a strategy of
A) conglomerate diversification.
B) concentric diversification.
C) retrenchment.
D) divestment.
E) vertical integration.
Q2) What responsibility center is judged for effectiveness rather than efficiency?
A) investment center
B) revenue center
C) standard cost center
D) profit center
E) expense center
Q3) What is the most commonly used measure of corporate performance (in terms of profits)? Discuss the limitations of using this measure.
Q4) EVA may eventually replace ROI as the standard performance measure.
A)True
B)False
Q5) What is the balanced scorecard? What are the four areas to be addressed?
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Chapter 13: Suggestions for Case Analysis
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) The Z-value formula combines five ratios by weighting them according to their importance to a corporation's financial strength.
A)True
B)False
Q2) Which of the following is not one of the categories of important financial ratios that are mentioned in the text to help assess an organization's overall financial situation?
A) leverage ratios
B) liquidity ratios
C) asset management ratios
D) activity ratios
E) profitability ratios
Q3) Which financial ratio is a measure of the ability of the company to meet all of its fixed-charge obligations?
A) debt to asset ratio
B) debt to equity ratio
C) times interest earned
D) long-term debt to capital structure
E) coverage of fixed charges
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