David - Chapter 4 - MC - Multiple Choice Questions DAVID...

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Multiple Choice Questions DAVID CHAPTER 4 The Internal Assessment The Nature of an Internal Audit 1. A firm’s strengths that cannot be easily matched or imitated by competitors are called a. internal audits. b. distinctive competencies. c. external audits. d. special properties. e. internal properties. Ans: b Page: 115 2. Who should perform an internal audit? a. A private auditing firm b. The organization’s accounting department c. Managers from different units of the organization d. A team of top-level managers and lower-level employees e. The chief executive officer Ans: c Page: 116 3. _______ exemplifies the complexity of relationships among the functional areas of business. a. Government audit b. External audit c. Financial ratio analysis d. Environmental scanning e. Distribution strategy Ans: c Page: 116 The Resource Based Web 4. The internal resource categories used in the resource-based approach are physical resources, human resources and a. financial resources. b. shareholder resources. c. organizational resources. d. natural resources. e. technological resources. Ans: c Page: 117 5. Organizational resources include all of the following except: a. employee training. b. firm structure. c. planning processes. d. information systems. e. copyrights. Ans: a Page: 117 6. Empirical indicators are resources that are either rare, hard to imitate, or
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a. expensive. b. inexpensive. c. easily substitutable. d. not easily substitutable. e. inefficient. Ans: d Page: 117 Integrating Strategy and Culture 7. A pattern of behavior developed by an organization as it learns to cope with its problems of external adaptation and internal integration that has worked well enough to be considered valid and to be taught to new members as the correct way to perceive, think and feel is called a. dysfunctional behavior. b. groupthink. c. behavior modification. d. organizational culture. e. internal audit effect. Ans: d Page: 118 8. Which of the following is not a cultural product? a. Rites b. Emotions c. Rituals d. Sagas e. Symbols Ans: b Page: 118 9. A standardized, detailed set of techniques and behaviors that manage anxieties, but seldom produce intended, technical consequences of practical results are called a. folktales. b.
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David - Chapter 4 - MC - Multiple Choice Questions DAVID...

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