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Strategic Management Test Preparation - 2924 Verified Questions

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Strategic Management Test Preparation

Course Introduction

Strategic Management explores the formulation, implementation, and evaluation of organizational strategies aimed at achieving long-term objectives and maintaining competitive advantage in dynamic environments. The course covers key concepts such as mission and vision development, industry analysis, resource-based perspectives, strategic choice, and the integration of functional activities. Through case studies and practical applications, students learn to analyze complex business situations, assess internal and external factors, and make informed strategic decisions to drive organizational success.

Recommended Textbook Management 11th Edition by Richard L. Daft

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19 Chapters

2924 Verified Questions

2924 Flashcards

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Chapter 1: Innovative Management for a Changing World

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177 Verified Questions

177 Flashcards

Source URL: https://quizplus.com/quiz/20856

Sample Questions

Q1) Jessica was recently praised by her supervisor for displaying superior customer service during an encounter with a problem customer. This is an example of organizational:

A) information processing.

B) efficiency.

C) effectiveness.

D) structure.

E) goal-setting.

Answer: C

Q2) How an organization goes about accomplishing a plan is a key part of the management function of _____.

A) planning

B) organizing

C) leading

D) controlling

E) motivating

Answer: B

Q3) Department heads and division managers are examples of _____ managers.

Answer: middle

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Chapter 2: The Evolution of Management Thinking

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155 Verified Questions

155 Flashcards

Source URL: https://quizplus.com/quiz/20857

Sample Questions

Q1) The human resources perspective of management links motivation theories with _____.

A) top management

B) employee tasks

C) floor managers

D) efficiencies

E) profit maximization

Answer: B

Q2) _____ refers to the field of management that specializes in the physical production of goods or services.

Answer: Operations management

Q3) Although developed by a Japanese business manager, the quality movement is strongly associated with American companies.

A)True

B)False

Answer: False

Q4) _____ is considered the "father of scientific management."

Answer: Frederick W. Taylor

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Page 4

Chapter 3: The Environment and Corporate Culture

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167 Verified Questions

167 Flashcards

Source URL: https://quizplus.com/quiz/20858

Sample Questions

Q1) Melissa will be working primarily with:

A) the legal-political dimension.

B) the labor market.

C) the internal cultural dimension.

D) pressure groups.

E) the sociocultural dimension.

Answer: E

Q2) Customers and competitors are two important sectors of the economic dimension of a firm's general environment.

A)True

B)False

Answer: False

Q3) The general environment and the task environment are the two layers of an organization's external environment.

A)True

B)False

Answer: True

Q4) A(n) _____ is when two or more organizations combine to make one organization. Answer: merger

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Chapter 4: Managing in a Global Environment

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157 Verified Questions

157 Flashcards

Source URL: https://quizplus.com/quiz/20859

Sample Questions

Q1) A country's physical facilities that support economic activities make up its infrastructure.

A)True

B)False

Q2) Recent research by the GLOBE project has extended _____ research and offered new insights for managers.

A) Hofstede's

B) Walton's

C) Weber's

D) Fayol's

E) Gilbreth's

Q3) _____ refers to a value characterized by people's intolerance for unpredictability and ambiguity and resulting support for beliefs that promise certainty and conformity.

A) Power distance

B) Uncertainty avoidance

C) Certainty avoidance

D) Conformity seekers

E) None of these

Q4) List five of the countries that make up the European Union (EU).

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Chapter 5: Managing Ethics and Social Responsibility

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153 Verified Questions

153 Flashcards

Source URL: https://quizplus.com/quiz/20860

Sample Questions

Q1) Individuals, at the preconventional level, are concerned with external rewards and punishments and obey authority to avoid detrimental personal consequences.

A)True

B)False

Q2) Which of the following is NOT a normative ethics approach?

A) Utilitarian approach

B) Individualism approach

C) Concurrency control approach

D) Moral-rights approach

E) All of these are normative approaches as described in the text.

Q3) Level 3 of the Personal Moral Development model is Conventional.

A)True

B)False

Q4) Individuals at the _____ level are guided by an internal set of values and standards and will even disobey rules or laws that violate these principles.

Q5) List and define the stages of moral development.

Q6) Management's obligation to make choices that will contribute to the well being of both the organization and society is known as _____.

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Chapter 6: Managing Small Business Start Ups

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136 Verified Questions

136 Flashcards

Source URL: https://quizplus.com/quiz/20861

Sample Questions

Q1) What is the most common way that entrepreneurs finance the start-up of a new business?

A) Self-financing from savings or credit cards

B) Loans from friends, family, or business associates

C) Bank loans

D) Lines of credit

E) Venture capital

Q2) Borrowing money that has to be repaid at a later date in order to start a business is

Q3) Which of these means that people are motivated to excel and pick situations in which success is likely?

A) External locus of control

B) Tolerance for Ambiguity

C) Awareness of passing time

D) Internal locus of control

E) Need to achieve

Q4) A domain name gives a company an address on the Web and a unique identity.

A)True

B)False

Q5) List and briefly describe the stages of growth for an entrepreneurial company.

Page 8

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Chapter 7: Managerial Planning and Goal Setting

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146 Verified Questions

146 Flashcards

Source URL: https://quizplus.com/quiz/20862

Sample Questions

Q1) A(n) _____ is a desired future state that the organization attempts to realize.

Q2) Operational plans and goals are those that focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

A)True

B)False

Q3) Tactical plans are designed to help execute the major strategic plans and to accomplish a specific part of the company's strategy.

A)True

B)False

Q4) Goals are typically stated in quantitative terms.

A)True

B)False

Q5) The goals should be easy, for employees to feel motivated, so that they can achieve them easily which in turn increases their motivation level.

A)True

B)False

Q6) _____ define the action steps by which an organization intends to attain its strategic goals.

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Chapter 8: Strategy Formulation and Execution

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138 Verified Questions

138 Flashcards

Source URL: https://quizplus.com/quiz/20863

Sample Questions

Q1) Compare and contrast the three levels of strategy in an organization.

Q2) Front-line managers have the final responsibility for strategic planning.

A)True

B)False

Q3) All of the following are Porter's competitive forces except:

A) differentiation.

B) bargaining power of buyers.

C) bargaining power of suppliers.

D) threat of substitute products.

E) potential new entrants.

Q4) The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Q5) An SBU stands for Star Business Unit.

A)True

B)False

Q6) The dog, according to the BCG Matrix, is a poor performer.

A)True

B)False

Q7) List the three global corporate strategies.

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Chapter 9: Managerial Decision Making

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173 Verified Questions

173 Flashcards

Source URL: https://quizplus.com/quiz/20864

Sample Questions

Q1) The concept that people have the time and cognitive ability to process only a limited amount of information on which to base decisions is known as:

A) satisficing.

B) bounded rationality.

C) classical model of decision making.

D) normative approach.

E) scientific approach.

Q2) Managers are often referred to as:

A) decision makers.

B) peace makers.

C) conflict creators.

D) an unnecessary layer of employees.

E) profit suppressor.

Q3) Good examples of _____ decisions are strategic decisions.

A) nonprogrammed

B) programmed

C) insignificant

D) recurring

E) structured

Q4) A normative decision making model defines how a manager _____ make decisions.

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Chapter 10: Designing Adaptive Organizations

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201 Verified Questions

201 Flashcards

Source URL: https://quizplus.com/quiz/20865

Sample Questions

Q1) Which of the following structures is most consistent with a strategy of stability?

A) Team based structure

B) Organic structure

C) Matrix structure

D) Functional structure

E) Learning structure

Q2) _____ is the duty to perform the task or activity an employee has been assigned.

Q3) The acceptance theory of authority argues that managers have authority because employees do not have a choice in choosing to accept their commands.

A)True

B)False

Q4) _____ teams are brought together as a formal department in the organization.

A) Cross-functional

B) Permanent

C) Formal

D) Ad-hoc

E) Task

Q5) With _____ decision authority is pushed downward to lower organization levels.

Q6) The _____ is the number of employees reporting to a supervisor.

Page 12

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Chapter 11: Managing Change and Innovation

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163 Verified Questions

163 Flashcards

Source URL: https://quizplus.com/quiz/20866

Sample Questions

Q1) Recently, a high level manager at Trophy Trinkets noted a rise in customer satisfaction complaints. This rise is inconsistent with Trophy's goals in this area. This manager has identified:

A) a need for change.

B) a critical incident.

C) a behavioral occurrence.

D) an environmental opportunity.

E) a SWOT analysis.

Q2) After the need for change has been perceived, the next part of the change process is implementing change.

A)True

B)False

Q3) An approach that brings together participants from all parts of the organization (and may include key outside stakeholders as well) to discuss problems or opportunities and plan for major change is called _____ .

Q4) Change, according to Kurt Lewin, is a result of the competition between forced and unforced fields.

A)True

B)False

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Chapter 12: Managing Human Resources

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151 Verified Questions

151 Flashcards

Source URL: https://quizplus.com/quiz/20867

Sample Questions

Q1) All managers are involved in human resource management.

A)True

B)False

Q2) The _____ is used to collect information about the applicant's education, previous job experience, and other background characteristics.

Q3) In _____, an experienced manager shows a new employee how to perform job duties.

A) on-the-job training

B) classroom training

C) orientation training

D) computer-assisted instruction

E) realistic job previews

Q4) The most common form of formal corporate training is:

A) on-the-job training.

B) classroom training.

C) orientation training.

D) developmental training.

E) external training.

Q5) A(n) _____ is an in-house training and education facility that offers broad-based learning opportunities for employees.

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Chapter 13: Managing Diversity

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105 Verified Questions

105 Flashcards

Source URL: https://quizplus.com/quiz/20868

Sample Questions

Q1) _____ mentoring relationships sometimes leave both parties uncomfortable.

A) Cross-race

B) Female-male

C) Male-male

D) Female-female

E) Same race

Q2) Because employees with different backgrounds bring different options and ideas to the table, a diverse workforce may lead to increased conflict, anxiety, and misunderstanding.

A)True

B)False

Q3) _____ are less likely than _____ to develop mentoring relationships.

A) Women; minorities

B) Minorities; women

C) Men; women

D) Women; men

E) Whites; minorities

Q4) What are the five steps to developing diversity and cultural competence?

Q5) The belief that one's own group or subculture is inherently superior to other groups or cultures is known as _____.

Page 15

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Chapter 14: Understanding Individual Behavior

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130 Verified Questions

130 Flashcards

Source URL: https://quizplus.com/quiz/20869

Sample Questions

Q1) _____type people, according to Jung, would rather work with known facts and hard data and prefer routine and order in gathering information.

A) Feeling

B) Gut-feel

C) Intuitive

D) Sensation

E) Affective

Q2) Attitudes are judgments about what caused a person's behavior.

A)True

B)False

Q3) A physiological and emotional response to stimuli that place physical or psychological demands on an individual is called ______.

Q4) The tendency to overestimate the contribution of external factors is part of which perceptual bias?

A) Projection

B) The fundamental attribution error

C) The halo effect

D) Figure ground

E) Selective perception

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Chapter 15: Leadership

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153 Verified Questions

153 Flashcards

Source URL: https://quizplus.com/quiz/20870

Sample Questions

Q1) The extent to which the leader is mindful of subordinates, respects their ideas and feelings, and establishes mutual trust refers to initiating structure.

A)True

B)False

Q2) The distinguishing personal characteristics of a leader are known as:

A) traits.

B) sources of power.

C) leadership styles.

D) leadership behaviors.

E) personal preferences.

Q3) Which of the following types of power stems from a leader's special knowledge?

A) Reward power

B) Referent power

C) Legitimate power

D) Coercive power

E) None of these

Q4) List the two types of personal power.

Q5) Power that stems from the authority to punish or recommend punishment is called

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Chapter 16: Motivating Employees

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174 Verified Questions

174 Flashcards

Source URL: https://quizplus.com/quiz/20871

Sample Questions

Q1) Empowering employees means giving them four elements that enable them to act more freely to accomplish their jobs: information, knowledge, power, and rewards.

A)True

B)False

Q2) _____ influences the critical psychological state of experienced meaningfulness of work.

A) Skill variety

B) Task significance

C) Task identity

D) All of these

E) Task significance and task identity only

Q3) According to Maslow, the highest order needs are:

A) self-actualization needs.

B) physiological needs.

C) esteem needs.

D) belongingness needs.

E) safety needs.

Q4) The satisfaction received in the process of performing an action is also known as a(n) _____.

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Chapter 17: Managing Communication

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138 Verified Questions

138 Flashcards

Source URL: https://quizplus.com/quiz/20872

Sample Questions

Q1) Routine messages typically are ambiguous, concern novel events and impose great potential for misunderstanding.

A)True

B)False

Q2) The amount of information that can be transmitted during a communication episode is known as _____.

Q3) _____ channels exist outside the formally authorized channels and do not adhere to the organization's hierarchy of authority.

Q4) An informal, person-to-person communication network of employees that is not officially sanctioned by the organization refers to the grapevine.

A)True

B)False

Q5) To translate the symbols used in a message for the purpose of interpreting its meaning is called _____.

Q6) Without feedback, communication is only a two-way process, sender to receiver and receiver to sender.

A)True

B)False

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Chapter 18: Leading Teams

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154 Verified Questions

154 Flashcards

Source URL: https://quizplus.com/quiz/20873

Sample Questions

Q1) A team is defined as a group of two or more people who interact and coordinate their work to accomplish a specific objective.

A)True

B)False

Q2) Which of the following is NOT a characteristic of team structure and context influence cohesiveness?

A) Personal attraction to the team

B) Productivity expectations

C) Shared goals

D) Team interaction

E) All of these are components

Q3) Team members take the responsibilities of scheduling work and vacations and ordering materials in a self-managed team.

A)True

B)False

Q4) A(n) _____ is a standard of conduct that is shared by team members and guides their behavior.

Q5) List the five behaviors associated with the task specialist role.

Q6) In a(n) _____ team, team members take over managerial duties.

Page 20

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Chapter 19: Managing Quality and Performance

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153 Verified Questions

153 Flashcards

Source URL: https://quizplus.com/quiz/20874

Sample Questions

Q1) Which of the following is the systematic process through which managers regulate organizational activities?

A) Strategic planning

B) Organizational control

C) Organizational goal setting

D) Strategic regulation

E) Organizational leading

Q2) Benchmarking is the age-old practice of allowing the artisan to sign his name to the finished product.

A)True

B)False

Q3) Silver n' Gold Inc. recently introduced a new control philosophy where all employees have access to the same information that owners have, such as what money is coming in and where it is going. This is an example of which control philosophy?

A) Balanced scorecard

B) Six Sigma

C) Continuous improvement

D) Total quality management

E) Open-book management

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