Management Capstone Midterm Exam
Course Introduction
The Management Capstone course serves as the culminating experience for students majoring in management, integrating knowledge and skills acquired across previous coursework. Through real-world case studies, group projects, and simulations, students are challenged to develop strategic solutions to complex organizational problems. Emphasis is placed on critical thinking, ethical decision-making, leadership, and effective communication. By engaging in comprehensive analysis and applied projects, students demonstrate their ability to synthesize core management concepts and contribute meaningfully to organizational success in diverse environments.
Recommended Textbook
Strategic Management Concepts and Cases 16th Edition by Fred R. David
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11 Chapters
1321 Verified Questions
1321 Flashcards
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Page 2
Chapter 1: The Nature of Strategic Management
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123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/29313
Sample Questions
Q1) Strategic management focuses on integrating management, ________, and information systems to achieve organizational success.
A) marketing
B) finance and accounting
C) production and operations
D) research and development
E) all of the above
Answer: E
Q2) Generally, external opportunities and threats are
A) uncontrollable by a single organization.
B) unable to have a significant impact on an organization.
C) not worth monitoring and evaluating.
D) key functions in strategy implementation.
E) key functions in strategy exploitation.
Answer: A
Q3) The most effective strategic management is ritualistic, predictable, and formal.
A)True
B)False
Answer: False
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Page 3
Chapter 2: The Business Vision and Mission
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) Good mission statements identify the utility of a firm's products.
A)True
B)False
Answer: True
Q2) If an organization chooses to have both a mission and a vision, the mission statement should be established first.
A)True
B)False
Answer: False
Q3) An overly general mission statement that ________ could be dysfunctional.
A) does not exclude any strategy alternatives
B) encourages management creativity
C) excludes all diversification
D) endorses the consideration of feasible potential strategies
E) allows for the generation and consideration of a range of alternative objectives
Answer: A
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Chapter 3: The External Assessment
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.
A)True
B)False
Answer: False
Q2) What are the five steps needed to develop an EFE Matrix?
Answer: The EFE Matrix can be developed in five steps: 1) list key external factors as identified in the external-audit process with a total of 20 factors, including both opportunities and threats that affect the firm and its industry; 2) assign to each factor a weight that ranges from 0.0 (not important) to 1.0 (very important) - the sum of all weights assigned to the factors must equal 1.0; 3) assign a 1 to 4 rating to each key external factor to indicate how effectively the firm's current strategies respond to the factor, where 4 = the response is superior, 3 = the response is above average, 2 = the response is average, and 1 = the response is poor; 4) multiply each factor's weight by its rating to determine a weighted score; and 5) sum the weighted scores for each variable to determine the total weighted score for the organization.
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Page 5
Chapter 4: The Internal Assessment
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123 Verified Questions
123 Flashcards
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Sample Questions
Q1) The times-interest-earned ratio would be classified as a(n)
A) activity ratio.
B) leverage ratio.
C) profitability ratio.
D) liquidity ratio.
E) growth ratio.
Q2) Technology ties all business functions together and provides the basis for all managerial decisions.
A)True
B)False
Q3) Which function of management includes all of those activities undertaken to ensure actual operations conform to planned operations?
A) Planning
B) Organizing
C) Motivating
D) Staffing
E) Controlling
Q4) The controlling function of management is synonymous with strategy formulation.
A)True
B)False
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Chapter 5: Strategies in Action
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123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/29319
Sample Questions
Q1) Which term refers to selling a division or part of an organization?
A) Joint venture
B) Divestiture
C) Concentric diversification
D) Liquidation
E) Horizontal integration
Q2) Unrelated diversification is an appropriate strategy when an organization's present channels of distribution can be used to market the new products to current customers.
A)True
B)False
Q3) Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.
A)True
B)False
Q4) A low-cost focus strategy offers products or services to a small range of customers at the lowest price available on the market.
A)True
B)False
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Page 7
Chapter 6: Strategy Analysis and Choice
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119 Verified Questions
119 Flashcards
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Sample Questions
Q1) Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?
A) List the firm's key external threats.
B) Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell.
C) Match internal strengths with external threats, and record the resultant ST strategies.
D) List the firm's external weaknesses.
E) List the firm's external opportunities.
Q2) The SWOT matrix, if used appropriately, does not have any limitations.
A)True B)False
Q3) A SWOT Matrix is composed of four cells for the four types of strategies it creates. A)True B)False
Q4) Give five sets of coordinates of SPACE Matrix directional vectors that would suggest conservative strategies to be most appropriate.
Q5) Describe some tactics used by politicians that can also aid strategists.
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Chapter 7: Implementing Strategies: Management, Operations, and Human Resource Issues
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116 Verified Questions
116 Flashcards
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Sample Questions
Q1) In developing an organizational chart, avoid having a particular person reporting to more than one person in the chain of command.
A)True
B)False
Q2) All of the following statements regarding the recent trend in Japan of switching from seniority-based pay to performance-based approaches are true EXCEPT
A) the switch is an effort to cut costs.
B) the switch is boosting employee morale.
C) the switch is an effort to increase productivity.
D) the switch opposes the traditional training of Japanese employees to cooperate rather than compete.
E) the switch goes against decades of encouraging workers to work in groups instead of individually.
Q3) Undesirable conduct such as distorting the records can be a result of overemphasis on achieving objectives.
A)True
B)False
Q4) How does reengineering differ from restructuring?
Page 9
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Chapter 8: Implementing Strategies: Marketing,
Financeaccounting, Rd, and Mis
Issues
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117 Verified Questions
117 Flashcards
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Sample Questions
Q1) The cash account is used as the plug figure in projected balance sheets.
A)True
B)False
Q2) Which of the following variables is NOT directly affected by market segmentation?
A) Product
B) Place
C) Process
D) Promotion
E) Price
Q3) Information technology has made it is possible for many firms to have employees who work at home or anywhere, anytime.
A)True
B)False
Q4) Identify and describe the four corporate valuation methods (approaches for determining a business' monetary value).
Q5) Stock issuances are always better than debt for raising capital.
A)True
B)False
Q6) Name five strategic marketing issues or decisions.
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Chapter 9: Strategy Review, Evaluation, and Control
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.
A) mission
B) IFE Matrix
C) vision
D) EFE Matrix
E) EPM Matrix
Q2) Intuitive judgments are almost always involved in deriving quantitative criteria.
A)True
B)False
Q3) Which of the following is NOT a reason for the increasing difficulty of evaluating strategies?
A) Product life cycles are longer.
B) Domestic and world economies are less stable.
C) Product development cycles are shorter.
D) Technological advancement is more rapid.
E) Change is occurring more frequently.
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Page 11
Chapter 10: Business Ethics, Social Responsibility, and Environmental Sustainability
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117 Verified Questions
117 Flashcards
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Sample Questions
Q1) A Wall Street Journal article reported that 80 percent of all firms sampled had no restrictions on relationships between a supervisor and a subordinate.
A)True
B)False
Q2) All of the following business actions are considered to be unethical EXCEPT
A) dumping banned or flawed products in foreign markets.
B) preventing environmental harm.
C) overpricing.
D) sexual harassment.
E) insider trading.
Q3) Workplace romance
A) is defined as unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
B) is defined as illegal by the Equal Employment Opportunity Commission.
C) should be strictly forbidden by organizations.
D) simply happens so organizations should determine how to best manage the phenomenon.
E) is an intimate relationship between two employees, one of whom is not consenting.
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Chapter 11: Global and International Issues
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126 Verified Questions
126 Flashcards
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Sample Questions
Q1) More time and effort are required to identify and evaluate external trends and events in domestic corporations than in multinational corporations.
A)True
B)False
Q2) The average level of union membership across the whole of the European Union, weighted by the numbers employed in the different member states, is close to 25 percent.
A)True
B)False
Q3) In an industry that is, or is rapidly becoming global, the riskiest possible posture is to
A) become a global competitor.
B) remain a domestic competitor.
C) remain a global competitor.
D) expand beyond the role of domestic competitor.
E) none of the above
Q4) Explain the concept of protectionism.
Q5) List some of the diverse and unique risks that face multinational corporations (MNCs).
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