David_TIF_CompTest_6-9

David_TIF_CompTest_6-9 - 217 SAMPLE COMPREHENSIVE EXAM...

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S AMPLE C OMPREHENSIVE E XAM C HAPTERS 6 - 9 True/False 1. Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices. Ans: T Page: 220 2. Both IE and BCG Matrices are called portfolio matrices. Ans: T Page: 233 3. Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action. Ans: F Page: 262 4. Conflict of any kind is avoidable in organizations. Ans: F Page: 269 5. The most complex of all designs is a matrix structure. Ans: T Page: 275 6. Market penetration can be defined as the subdividing of a market into distinct subsets of customers according to needs and buying habits. Ans: F Page: 307 7. A projected financial analysis can be used to forecast the impact of various implementation decisions. Ans: T Page: 318 8. A recommended approach for determining a firm’s worth is to base the analysis on the selling price of a similar company. Ans: T Page: 322 217
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9. Because large companies have more at stake, it is more important for large organizations to conduct strategy evaluation than small companies. Ans: F Page: 339 10. The strategic management process should be completely open because participation and openness enhance understanding, commitment, and communication within the firm. Ans T: Page 354 Multiple Choice 11. Which stage in the strategy-formulation framework focuses on generating feasible alternative strategies? a. Input b. Output c. Decision d. Throughput e. Matching Ans: e Page: 219 12. Which strategy formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies? a. SWOT b. SPACE c. QSPM d. IFE e. CPM Ans: c Page: 219 13. Which section of the SWOT Matrix involves matching internal strengths with external opportunities? a. The WT cell b. The SW cell c. The WO cell d. The ST cell e. The SO cell Ans: e Page: 221 218
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The two internal dimensions represented on the axes of the SPACE Matrix are _____. a. environmental stability and industry strength b. industry strength and internationalization c. internationalization and competitive advantage d. competitive advantage and financial strength e. financial strength and environmental stability Ans: d Page: 225 15. An organization that has a low relative market share position and competes in a slow-growth industry is referred to as a _____. a. dog b. question mark c. star d. cash cow e. cowboy Ans: a Page: 231 16. For companies located in Quadrant III of the Grand Strategy Matrix, the first strategy recommended is _____. a. extensive cost and asset reduction b. asset expansion c. employee expansion d. immediate liquidation of assets e. divestiture Ans: a Page: 238 17. Through which tactic is it possible to achieve similar results using different means or paths? a.
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This note was uploaded on 01/20/2012 for the course MGT 104 taught by Professor Tim during the Spring '11 term at Aims Community College.

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David_TIF_CompTest_6-9 - 217 SAMPLE COMPREHENSIVE EXAM...

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