Reference no: EM13781487
Question 1: What does a business model describe?
- A revenue and expense model
- A rationale of how the company creates, delivers, and captures value
- A plan to generate money for the firm
- How the company positions itself in the industry
- None of the above
Question 2: What is strategic planning?
- Any decision that affects the company's ability to complete, its position in the industry, or its viability as a going concern
- One person's or one group's attempt at arriving at a strategy
- The process by which one develops a strategy to achieve certain purposes
- How a company actually competes
- The entire set of resulting experiences-at some price-that an organization causes its customers to have
Question 3: Under which condition is a matrix organization not the best one?
- Managing international operations
- Managing multiple projects
- Producing distinct product lines
- Managing multiple brands
- Managing divisions
Question 4: CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.
Question 5: Which of the following is not regulated?
- Education
- Electric utilities
- Computers
- Prescription drugs
- Airline safety
Question 6: Which of the following is not a strategic decision?
- Deciding on a strategy
- Change an advertising campaign
- Whether to adopt a new technology
- How to develop a core competence
- Whether to sell the business
Question 7: Every company that does business in the US must have its financial statements audited.
Question 8: Acquisitions fail for many reasons; which of the following is not one of them?
- The acquirer overpaid
- Management hubris
- Cultures are incompatible
- Ignorance about the business
- Key personnel leave
Question 9: All US public companies are regulated by the Securities and Exchange Commission (SEC) even though they are in competitive, unregulated industries.
Question 10: Which of the following is not a type of director in a firm's board of directors?
- Outsiders
- Related outsiders
- Insiders
- Related insiders
- Independents
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