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Unformatted text preview: Strategic Management Quiz 5 (b) 0.5 negative mark for each wrong answer True/False 1. Staffing issues can involve hiring new people with new skills, firing people with inappropriate or substandard skills, and/or training existing employees to learn new skills. (p.218) Answer: T 2. A dynamic industry expert is someone with an analytical mind who is highly knowledgeable in other industries and can manage diverse product lines. (p.220) Answer: F 3. A professional liquidator might be called on by a bankruptcy court to close the firm and liquidate its assets. (p.220) Answer: T 4. Executive succession is the process of replacing a key top manager. (p.221) Answer: T 5. Assessment centers evaluate a person’s performance only for leaderless group discussions. (p.222) Answer: F 6. Downsizing refers to the planned elimination of positions or jobs. (p.222) Answer: T 7. MBO stands for Management By Objectives. (p.231) Answer: T 8. Assimilation involves the relatively balanced give-and-take of culture and managerial practices between...
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- Spring '11
- Management, MBO, wrong answer