Reference no: EM132197151

1. All of the following are true statements about outsourcing EXCEPT ________.

A. there are many pros and cons to outsourcing with managers increasingly focusing on non-strategically critical parts of the business as categories for outsourcing.

B. outsourcing is the reverse of vertical integration.

C. outsourcing is purchasing a product or service externally that had been previously provided internally.

D. outsourcing is an activity or a function assigned to a wholly owned company or an independent provider in another country.

E. outsourcing is becoming an increasingly important part of the strategic decision-making discussion.

2. All of the following errors are examples of outsourcing errors that a strategic manager strives to avoid when an outsourcing strategy is an optimum solution EXCEPT________.

A. an error occurs in an outsourcing strategy when a strategic manager fails to keep core activities in-house

B. the vendor was not trustworthy or the vendor lacks state-of-the-art processes

C. companies failed to establish a balance of power in the relationship

D. qualified managers fail to manage the outsourced activity in the marketplace

E. an error occurs in an outsourcing strategy when a strategic manager plans a viable exit strategy

3. A(n) ________ strategy is a strategy to avoid that occurs when a strategic manager imitates the strategy of a competitor in the marketplace; whereas a strategic manager that implements ________ strategy achieves success when he or she pioneers a successful product and continues to search for another super product that will ensure the growth and prosperity in the organization.

A. hit another homerun; follow the leader

B. losing hand; follow the leader

C. follow the leader; hit another home run

D. arms race; do everything

E. do everything; losing hand

4. Which of the following is the philosophy that can be traced back to Plato, Aristotle, and Hegel that involves the combination of the two conflicting views, called "thesis" and "antithesis," into a synthesis?

A. success

B. dialectical inquiry

C. mutual exclusivity

D. internal completeness

E. internal consistency

5. Strategic managers evaluate strategic alternatives to ensure they meet all of the following criteria EXCEPT ________.

A. mutual exclusivity

B. success

C. completeness

D. internal consistency

E. developing policies

6. All of the following are true statements about policy development EXCEPT ________.

A. strategic managers use policies because policies define the broad guidelines to implement strategies

B. effective policies force tradeoffs between competing resource demands

C. policies set unclear boundaries to the employees whereas policies grant the freedom to experiment with out-of-the box concepts within those corporate constraints

D. policies are effective because they test the strategic soundness of a particular action

E. policies provide guidance for decision making and actions throughout the corporation.