Management Capstone Pre-Test Questions
Course Introduction
The Management Capstone course serves as the culminating academic experience for students in management studies, integrating knowledge and skills acquired throughout the program. Through real-world case analyses, group projects, and strategic decision-making simulations, students synthesize principles of leadership, organizational behavior, strategy, and ethics. The course emphasizes critical thinking, effective communication, and teamwork, preparing students to tackle complex business challenges and formulate actionable solutions. By engaging with contemporary management issues and presenting recommendations to peers and faculty, students demonstrate their readiness for professional roles in dynamic organizational environments.
Recommended Textbook
Strategic Management Concepts and Cases 13th Edition by Fred
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1340 Verified Questions
1340 Flashcards
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Page 2
R. David
Chapter 1: The Nature of Strategic Management
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132 Verified Questions
132 Flashcards
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Sample Questions
Q1) How do line managers become "owners" of the strategy?
A) By attending top manager meetings
B) By executing plans formulated by other people
C) By involvement in the strategic-management process
D) By becoming a shareholder of the firm
E) By buying off top managers
Answer: C
Q2) The first step in strategic planning is generally
A) developing a vision statement.
B) establishing goals and objectives.
C) making a profit.
D) developing a mission statement.
E) determining opportunities and threats.
Answer: A
Q3) According to Greenley,strategic management provides a cooperative,integrated and enthusiastic approach to tackling problems and opportunities.
A)True
B)False
Answer: True
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Page 3
Chapter 2: The Business Vision and Mission
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) A mission statement is a declaration of an organization's financial status.
A)True
B)False
Answer: False
Q2) Effective and carefully planned mission statements
A) require major changes every few months.
B) require major changes every few years.
C) never require revision.
D) become ineffective in the first year.
E) stand the test of time.
Answer: E
Q3) A mission statement should be broad enough to reconcile differences among an organization's various stakeholders.
A)True
B)False
Answer: True
Q4) Small,nonprofit organizations never develop mission statements.
A)True
B)False
Answer: False
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Chapter 3: The External Assessment
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128 Verified Questions
128 Flashcards
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Sample Questions
Q1) ________ perhaps has instituted the most protectionist measures in recent months by raising tariffs on most imports and subsidizing its own exports.
A) Russia
B) The United States
C) The EU
D) India
E) Switzerland
Answer: A
Q2) Discuss the I/O approach in relation to competitive advantage.
Answer: The I/O approach to competitive advantage advocates that external factors are more important than internal factors in a firm achieving competitive advantage.Proponents of the I/O view contend that organizational performance will be primarily determined by industry forces,rather than the firm's internal functional decisions made.Effective integration of both external and internal factors is the key to securing and keeping a competitive advantage.
Q3) Freund argues that key external factors must not be hierarchical.
A)True
B)False
Answer: False
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Page 5
Chapter 4: The Internal Assessment
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130 Verified Questions
130 Flashcards
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Sample Questions
Q1) Selling includes all of these marketing activities except:
A) advertising.
B) dealer relations.
C) customer analysis.
D) publicity.
E) sales promotion.
Q2) Distribution involves warehousing,marketing research,distribution channels,wholesaling and retailing.
A)True
B)False
Q3) While interesting,organizational culture does not significantly affect business decisions.
A)True
B)False
Q4) The first step in the controlling function of management is to A) take corrective actions.
B) restrict breaks employees take.
C) evaluate expense reports.
D) establish performance standards.
E) measure individual and organizational performance.
Page 6
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Chapter 5: Strategies in Action
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) According to Porter,strategies allow organizations to gain competitive advantage from three different bases: cost leadership,differentiation and integration.
A)True
B)False
Q2) White knight is a term that refers to a firm that agrees to acquire another firm when the other firm is facing a hostile takeover by some company.
A)True
B)False
Q3) The Family Farmer Bankruptcy Act of 1986 created which type of bankruptcy?
A) Chapter 7
B) Chapter 8
C) Chapter 9
D) Chapter 12
E) Chapter 13
Q4) List some guidelines for when forward integration would be a particularly good strategy to pursue.
Q5) Define and give an example,where available,of three integrative strategies.
Q6) Name at least six reasons for performing mergers or acquisitions.
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Chapter 6: Strategy Analysis and Choice
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) Which strategies aim at improving internal weaknesses by taking advantage of external opportunities?
A) SO
B) WO
C) SW
D) ST
E) WT
Q2) What type of strategy would divestiture be classified as?
A) Aggressive
B) Defensive
C) Competitive
D) Offensive
E) Conservative
Q3) Today,boards of directors are composed mostly of
A) outsiders.
B) management.
C) union members.
D) company employees.
E) company stockholders.
Q4) Discuss the appropriate role of a board of directors in an organization.
Page 8
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Chapter 7: Implementing Strategies: Management and Operations Issues
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) The primary benefit sought from restructuring is
A) employee involvement.
B) cost reduction.
C) increased morale.
D) increased number of hierarchical levels in the organization.
E) increased innovation.
Q2) Approximately how many people in the United States are now part of two-career families?
A) 2 million
B) 8 million
C) 21 million
D) 60 million
E) 85 million
Q3) Which company has committed almost $8 billion over 10 years to diversify its workforce and to use more minority suppliers?
A) Ford Motor Company
B) Toyota
C) Coca-Cola
D) TJX
E) Boeing
Page 9
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Chapter 8: Implementing Strategies: Marketing, Finance/Accounting,
R&D, and MIS
Issues
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114 Verified Questions
114 Flashcards
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Sample Questions
Q1) Explain the important issues involved in deciding whether to go public,i.e.,a private firm considering becoming a public firm.Include cost estimates,advantages and disadvantages.
Q2) A firm can usually serve two or more market segments with the same strategy.
A)True
B)False
Q3) Retained earnings is obtained by subtracting
A) any dividends to be paid for that year from net income.
B) net income from EBIT.
C) taxes from EBIT.
D) interest expense from EBIT.
E) EBIT from CGS.
Q4) The percentage-of-sales method should be used for projecting the cost of goods sold and the expense items in the income statements.
A)True
B)False
Q5) The most common bases for segmenting markets are geographic and demographic.
A)True
B)False
Q6) Discuss some ways in which management information systems can benefit a Page 10
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Page 11
Chapter 9: Strategy Review, Evaluation, and Control
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117 Verified Questions
117 Flashcards
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Sample Questions
Q1) Regardless of the size of the organization,a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.
A)True
B)False
Q2) What are some of the reasons for and against the U.S.adopting international financial reporting standards (IFRS).
Q3) Most strategy literature advocates that strategic management is
A) more of a science than an art.
B) more of an art than a science.
C) based on analysis rather than research.
D) based on intuition rather than analysis.
E) based on creativity rather than intuition.
Q4) Which of the following is true regarding the design of a firm's strategy-evaluation system?
A) There is a one-size-fits-all system that works for all companies.
B) It does not need to take into account the organization's size.
C) The management style of a firm has no bearing on the design.
D) It should be determined based on the unique characteristics of a company.
E) There is one ideal system.
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Chapter 10: Business Ethics/Social Responsibility/Environmental Sustainability
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) List five reasons why preserving the environment should be a permanent part of doing business.
Q2) Which of the following companies ranks among those against whom some of the largest payouts for class-action legal fraud suits ever were judged?
A) AOL Time Warner
B) Walt Disney
C) Starbucks
D) Herman Miller
E) Edison
Q3) The percentage of persons age 65 or older will reach 20 percent in the United States in 2018.
A)True
B)False
Q4) Within an organization,who is responsible for providing ethics leadership?
Q5) Social policy concerns what responsibilities the firm has to employees,consumers,environmentalists,minorities,communities,shareholders,and other groups.
A)True
B)False
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Chapter 11: Global/International Issues
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120 Flashcards
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Sample Questions
Q1) Communication between domestic headquarters and overseas operations is often made difficult by
A) geographic distance.
B) cultural differences.
C) variations in business practices.
D) national differences.
E) all of the above
Q2) Desire for _______ is a part of the social fabric in worker-manager relations in Mexico.
A) harmony
B) friction
C) conflict
D) independence
E) punctuality
Q3) Explain the concept of protectionism.
Q4) Joint ventures and partnerships between domestic and foreign firms are becoming the exception rather than the rule.
A)True
B)False
Q5) Compare and contrast the culture in the U.S.with Mexico.
Page 14
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