Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
|
|
|
1.
|
What
is likely to be the effect of a logical corporate strategy but poor strategy
implementation. a. | Strategic
weaknesses and underachievement. | b. | Fragmented performance through strategic and structural
flaws. | c. | Structural and stylistic flaws. | d. | Effectiveness
but little efficiency. | | |
|
|
|
2.
|
Which
of these is not a valid reason in support of focused strategies? a. | Greater
control. | b. | Reduction of weak business to develop a strong
core. | c. | Competence consolidation. | d. | Cost
reduction | | |
|
|
|
3.
|
Which
of the following is not a strategic criteria for deciding which firms to retain in the organizational
core? a. | The
company’s mission. | b. | Longevity. | c. | Financial
performance over time. | d. | Relatedness of technologies. | | |
|
|
|
4.
|
Which
of these is not an activity associated with restructuring? a. | Acquiring
unrelated businesses. | b. | Intervening in business processes. | c. | Hoarding new
businesses. | d. | Value optimization. | | |
|
|
|
5.
|
Corporate resource allocation may be different depending on the speed of growth of the
organization. Which of the following is inappropriate when facing rapid
growth? a. | Opportunities
for synergy. | b. | Past allocations and budgets. | c. | Look to share
activities. | d. | Assess desirability of outcomes to organizational
strategy. | | |
|
|
|
6.
|
Which
of the following is not an aspect of a definition of the term budgets? a. | Concerned with
allocation of resources and investment. | b. | A strategic plan outlining means to utilize budget, make sales,
and generate profits. | c. | Numerical or financial expression of money to be spent by
departments and for what purpose. | d. | Information on cash-flow. | | |
|
|
|
7.
|
How
many steps are there in effective risk management?
|
|
|
8.
|
Which
of these is not one of the advice offered by Regester and Larkin (1997) for crisis
management? a. | Demonstrate
human concern when something happens | b. | Consider worst possible outcomes | c. | Communicate
information gradually | d. | Do believe there is a first time for
everything | | |
|
|
|
9.
|
What
are designed to guide managers in the pursuit and achievement of strategies and
objectives? a. | Procedures | b. | Budgets | c. | Policies | d. | Plans | | |
|
|
|
10.
|
Which
of the following is not one of Pearce and Robinson's (1985) 3 types of budget? a. | Capital
budget | b. | Product budget | c. | Sales
budget | d. | Revenue budget | | |
|