Quiz 06 Answers - Chapter 6 Planning, Strategy, and...

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Chapter 6 Planning, Strategy, and Competitive Advantage Quiz #6 with answers 1.____The set cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals, is called an organization's strategy. Ans: True Difficulty: Easy Learning Objective: 1 Page: 202 2.____Planning takes place at the corporate level and the business level of the organization, but not at the functional level of the organization. Ans: False Difficulty: Moderate Learning Objective: 2 Page: 203 3.____Functional goals and strategies need not be consistent with divisional goals and strategies. Ans: False Difficulty: Moderate Learning Objective: 2 Page: 205 4.____A business plan that is updated every year depending on the changes in the organization and in the external environment that have taken place in the previous year is known as a rolling plan. Ans: True Difficulty: Easy Learning Objective: 2 Page: 206 5.____A written procedure that requires any employee who receives a gift worth more than $25 from a customer to report that gift to his or her organization is called a rule. Ans: True Difficulty: Easy Learning Objective: 2 Page: 207 6.____Organizational goals should be both challenging and realistic. Ans: True Difficulty: Easy Learning Objective: 3 Page: 212 7.____With a multidomestic strategy, managers decide to sell the same product with the same marketing approach in all of the countries in which the product is sold. Ans: False Difficulty: Easy Learning Objective: 5 Page: 220 8.____According to Michael Porter's theory, it is typically possible for managers to pursue both a low-cost strategy and a differentiation strategy at the same time. Ans: False Difficulty: Easy Learning Objective: 5 Page: 227
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9. GE Financial Services is an example of which level of management operations for General Electric Company? A)
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This note was uploaded on 09/29/2011 for the course MGT 330 taught by Professor Debbieharris during the Spring '10 term at Ashford University.

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Quiz 06 Answers - Chapter 6 Planning, Strategy, and...

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