Question 1

Pricing is one of the basic functions of

Accepted Answer

A)   marketing.
B)   finance/accounting.
C)   management information systems.
D)   production/operations.
E)   research and development.

Question 2

An IFE Matrix can be developed in ________ steps.

Accepted Answer

A)   three
B)   four
C)   five
D)   six
E)   two

Question 3

The initial step in developing an IFE Matrix is

Accepted Answer

A)   attaching a cost to each discrete activity.
B)   assigning weights to key internal factors.
C)   assigning ratings to key internal factors.
D)   obtaining weighted scores.
E)   developing a full and narrow list of key internal factors.

Question 4

Technology ties all business functions together and provides the basis for all managerial decisions.

Accepted Answer

A) True 
 B)False

Question 5

________ is a business technique that involves using software to mine huge volumes of data to help executives make decisions.

Accepted Answer

A)   Production management
B)   Operations management
C)   Strategic planning
D)   Business modeling
E)   Business analytics

Question 6

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

Accepted Answer

A)   Inventory turnover
B)   Fixed assets turnover
C)   Total assets turnover
D)   Debt-to-equity ratio
E)   Times-interest-earned ratio

Question 7

________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.

Accepted Answer

A)   Organizational culture
B)   Business model
C)   Organizational strategy
D)   Organizational mandate
E)   Regulation

Question 8

The management function of organizing is included in human resource management.

Accepted Answer

A) True 
 B)False

Question 9

________ can result in powerful competitive advantages.

Accepted Answer

A)   Profits
B)   Tangible resources
C)   Suppliers
D)   Customers
E)   Synergy

Question 10

Which of the following does the text call an up-front investment in success?

Accepted Answer

A)   Planning
B)   Organizing
C)   Motivating
D)   Staffing
E)   Controlling

Question 11

The controlling function of management is synonymous with strategy formulation.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is the last step in developing an IFE Matrix?

Accepted Answer

A)   Determining the organization's structure
B)   Summing the weighted scores for each variable
C)   Obtain total weighted score
D)   Identifying the organization's functions of business
E)   Assigning a weight to each factor

Question 13

The extent to which a manufacturing plant's output reaches its potential output is called capacity utilization.

Accepted Answer

A) True 
 B)False

Question 14

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Accepted Answer

A) True 
 B)False

Question 15

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Accepted Answer

A) True 
 B)False

Question 16

Explain briefly the process of assigning weights in the IFE Matrix.

Accepted Answer

Assigning weights is the second step in ...

Question 17

There are five basic functions of marketing: marketing research and target market analysis, product planning, promoting products, pricing products, and placing or distributing products.

Accepted Answer

A) True 
 B)False

Question 18

Digital advertising is expected to reach nearly $280 billion in 2020.

Accepted Answer

A) True 
 B)False

Question 19

Which function of management is concerned with span of control and chain of command?

Accepted Answer

A)   Planning
B)   Organizing
C)   Controlling
D)   Staffing
E)   Motivating

Question 20

Business analytics is sometimes also called

Accepted Answer

A)   data mining.
B)   strategic planning.
C)   rote learning.
D)   process modeling.
E)   quality planning.

Exam 4: The Internal Assessment

The controlling function of management is synonymous with strategy formulation.

Correct AnswerverifiedShow Answer

Which of the following is the last step in developing an IFE Matrix?

Correct AnswerverifiedShow Answer

The initial step in developing an IFE Matrix is

Correct AnswerverifiedShow Answer

Explain briefly the process of assigning weights in the IFE Matrix.

Correct AnswerverifiedAssigning weights is the second step in ...View AnswerShow Answer

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

Correct AnswerverifiedShow Answer

________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.

Correct AnswerverifiedShow Answer

The management function of organizing is included in human resource management.

Correct AnswerverifiedShow Answer

Pricing is one of the basic functions of

Correct AnswerverifiedShow Answer

Which of the following does the text call an up-front investment in success?

Correct AnswerverifiedShow Answer

Which function of management is concerned with span of control and chain of command?

Correct AnswerverifiedShow Answer

Digital advertising is expected to reach nearly $280 billion in 2020.

Correct AnswerverifiedShow Answer

Technology ties all business functions together and provides the basis for all managerial decisions.

Correct AnswerverifiedShow Answer

Business analytics is sometimes also called

Correct AnswerverifiedShow Answer

________ is a business technique that involves using software to mine huge volumes of data to help executives make decisions.

Correct AnswerverifiedShow Answer

The extent to which a manufacturing plant's output reaches its potential output is called capacity utilization.

Correct AnswerverifiedShow Answer

________ can result in powerful competitive advantages.

Correct AnswerverifiedShow Answer

There are five basic functions of marketing: marketing research and target market analysis, product planning, promoting products, pricing products, and placing or distributing products.

Correct AnswerverifiedShow Answer

Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.

Correct AnswerverifiedShow Answer

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Correct AnswerverifiedShow Answer

An IFE Matrix can be developed in ________ steps.

Correct AnswerverifiedShow Answer

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Assigning weights is the second step in ...
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