Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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A
comprehensive check of the companys current marketing activities is
called:
a. | The marketing
review. | c. | The marketing
balance sheet. | b. | The marketing audit. | | | | |
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2.
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A
problem which has no single solution, and for which attempted solutions create more problems, is
called:
a. | A complex
problem. | c. | A wicked
problem. | b. | An insoluble problem. | | | | |
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3.
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Competency is derived from:
a. | Combining resources effectively.
| c. | Developing a
suitable strategy. | b. | Training staff effectively. | | | | |
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4.
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Which
of the following is NOT a tangible resource?
a. | Machinery. | c. | Work in progress. | b. | Employees.
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5.
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Which
of the following is NOT part of the resource audit?
a. | Physical
resources. | c. | Government
regulations. | b. | Human resources. | | | | |
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6.
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What
is tacit knowledge?
a. | Knowledge which is difficult or impossible to codify, and which
resides in the heads of employees. | c. | Knowledge which everyone assumes is common, but which in fact
is not. | b. | Knowledge which everyone in the company takes for
granted. | | | | |
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7.
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A
system of using a limited set of measures, derived form the success factors for the industry is
called:
a. | Factor
analysis. | c. | Measure
allocation. | b. | Balanced scorecard. | | | | |
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8.
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In
the event of a discrepancy between the plan and reality, what should the managers
do?
a. | Recast the plan
in its entirety. | c. | Amend the
existing plan to move towards the original target. | b. | Formulate a
second plan to bring the company back to where it should be. | | | | |
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9.
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Control exercised by workmates through the corporate culture is
called:
a. | Administrative
control. | c. | Self-control. | b. | Social control. | | | | |
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10.
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Knowledge which is written down or otherwise recorded is called:
a. | Tacit
knowledge. | c. | Explicit
knowledge. | b. | Public knowledge. | | | | |
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