Executive Management Exam Bank
Course Introduction
Executive Management is a comprehensive course designed to equip students with the critical skills and knowledge required to succeed in high-level leadership positions within organizations. The course emphasizes strategic thinking, decision-making, and effective leadership by exploring topics such as organizational behavior, change management, corporate governance, and financial strategy. Through case studies, simulations, and real-world scenarios, students learn to analyze complex business challenges, develop innovative solutions, and drive organizational growth and efficiency. The curriculum also covers leadership ethics, communication strategies, and the importance of adapting to an ever-evolving global business environment.
Recommended Textbook
Essentials of Strategic Management 3rd Edition by Charles W. L. Hill
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9 Chapters 712 Verified Questions
712 Flashcards
Source URL: https://quizplus.com/study-set/1334 Page 2
Chapter 1: The Strategy-Making Process
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/26630
Sample Questions
Q1) Which of the following is not true with regard to individuals with emotional intelligence?
A) They are aware of their own limitations.
B) They make decisions by relying on their emotions.
C) They think before acting.
D) They get along well with others.
E) They are passionate in pursuing their goals.
Answer: B
Q2) The more efficient a company is, the higher are its profitability and return on invested capital.
A)True
B)False
Answer: True
Q3) Action taken by lower-level managers who, on their own initiative, formulate new strategies and work to persuade top-level managers to alter the strategic priorities of a company is considered a business-level strategy.
A)True
B)False
Answer: False
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Page 3
Chapter 2: The Mission, Governance, and Business Ethics
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83 Verified Questions
83 Flashcards
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Sample Questions
Q1) The agency problem occurs when managers pursue strategies that are not in the interests of stockholders.
A)True
B)False
Answer: True
Q2) Members of the board of directors are supposed to be agents for A) executive officers
B) employees.
C) stockholders
D) customers.
E) suppliers.
Answer: C
Q3) Values of a company state how managers and employees should conduct themselves, how they should do business, and what kind of organization they should build to help a company achieve its mission.
A)True
B)False
Answer: True
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4
Chapter 3: External Analysis: the Identification of Opportunities and Threats
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/26632
Sample Questions
Q1) In a declining industry, competition usually decreases.
A)True
B)False
Answer: False
Q2) Within Porter's framework, a _________ competitive force can be regarded as a(n) __________.
A) strong; threat
B) weak; threat
C) strong; opportunity
D) weak; competitive advantage
E) strong; competitive advantage
Answer: A
Q3) Substitute products are the products of different businesses or industries that can satisfy similar customer needs.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Building Competitive Advantage
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) A company can create quality as excellence by emphasizing attributes of service associated with the product that include all of the following except
A) ordering ease
B) prompt delivery
C) easy installation
D) increasing innovation
E) maintenance services
Q2) Marketing strategy refers to the position that a company takes with regard to pricing, promotion, advertising, product design, and distribution.
A)True
B)False
Q3) Which primary activity in the value chain is concerned with the design of products and production processes?
A) Materials management
B) Marketing and sales
C) Research and development
D) Production
E) Company infrastructure
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6
Chapter 5: Business-Level Strategy and Competitive Positioning
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) Nick is often asked to perform his clown act for birthday parties or school groups, but instead he only offers his very inexpensive services to children's hospitals. Nick is pursuing which generic business strategy?
A) Cost leadership
B) Differentiation
C) Focused cost leadership
D) Focused differentiation
E) Stuck in the middle
Q2) Market segmentation is the way a company decides to group customers, based on important differences in their needs or preferences.
A)True
B)False
Q3) Which of the following refers to the process by which one company informally takes the responsibility for setting industry prices?
A) Price leadership
B) Non-price competition
C) Capacity control
D) Market development
E) Price signaling
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Chapter 6: Strategy in the Global Environment
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74 Verified Questions
74 Flashcards
Source URL: https://quizplus.com/quiz/26635
Sample Questions
Q1) A company that enters a foreign market by entering into a licensing agreement with a local company
A) will realize location economies.
B) must engage in global strategic coordination.
C) will realize experience curve effects.
D) risks losing control over its technology to the venture partner.
E) must engage in global strategic coordination and will realize experience curve effects.
Q2) Whirlpool, a leading U.S. maker of household appliances, has a wholly owned subsidiary that is responsible for R&D, manufacturing, and sales in over two dozen European countries, from Norway to Greece. What are some of the potential advantages that Whirlpool may gain from its use of a wholly owned subsidiary for global expansion? What are some of the potential disadvantages?
Q3) When a company licenses its technology, it can quickly lose control over it.
A)True
B)False
Q4) Global strategy affects firms only at the corporate level.
A)True
B)False
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Chapter 7: Corporate-Level Strategy and Long-Run Profitability
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) A merger occurs when one company uses its capital resources to purchase another company.
A)True
B)False
Q2) Which of the following is not an example of horizontal integration?
A) America Online and Time Warner merge to become AOL Time Warner.
B) Coca Cola buys most of its previously independent bottling firms.
C) Microsoft acquires Rare, Ltd., maker of video games such as Donkey Kong.
D) Georgia Pacific, a wood products firm, is combining operations with another wood products firm, Louisiana Pacific.
E) Citicorp Bank and Travelers Insurance merge to form Citigroup, a diversified provider of financial services.
Q3) A company can choose to enter new industries that may or may not be connected to its existing industry by pursuing a strategy of diversification.
A)True
B)False
Q4) Horizontal integration rarely allows companies to realize economies of scale.
A)True
B)False
Page 9
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Chapter 8: Strategic Change: Implementing Strategies to
Build and Develop a Company
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76 Verified Questions
76 Flashcards
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Sample Questions
Q1) Even when companies have been forced to change frequently, managers often do not have the ability to handle change easily.
A)True
B)False
Q2) The third step in the change process is to evaluate the effects of the changes in strategy on organizational performance.
A)True
B)False
Q3) Internal new ventures involve creating the value-chain functions necessary to start a new business from scratch.
A)True
B)False
Q4) Which of the following entry strategies should be used when speed is an important consideration?
A) Internal new venture
B) Related diversification
C) Joint venture
D) Unrelated diversification
E) Acquisition
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Chapter 9: Implementing Strategy Through Organizational Design
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81 Verified Questions
81 Flashcards
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Sample Questions
Q1) As a company grows and diversifies the number of levels in its hierarchy decreases.
A)True
B)False
Q2) Strategic control systems
A) enable a company to evaluate whether it is successfully implementing its strategy.
B) help managers determine which generic strategy to pursue.
C) are used only at the business level.
D) allow firms to control the external environment.
E) are most effective for firms pursuing cost leadership.
Q3) The "minimum chain of command" principle states that firms should use the __________ levels of hierarchy that are necessary, and often result in organizational structures that are __________.
A) most; taller
B) fewest; taller
C) minimum; ineffective
D) minimum; flatter
E) highest; flat
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