Mgt 498 Tutorial Essay

MGT 498 Final Exam
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1. Which of the following is not a part of a firm's external environment? |
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A)     intellectual property |
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B)     competitors |
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C)     suppliers |
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D)     government agencies |
2. To a large extent, attitudes at the corporate level reflect the concerns of |
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A)     stockholders and society at large |
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B)     top managers |
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C)     the CEO |
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D)     the federal government |
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3. The ideal strategic management team includes decision makers from |
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A)     all three company levels (corporate, business, and functional) |
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B)     just the corporate level |
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C)     just the corporate and business levels |
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D)     just the top management |
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4. Which of the following is a major function of the strategic management model? |
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A)     it helps make profits for the firm. |
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B)     it helps in identifying key issues faced by the firm. |
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C)     it helps in deciding which products to sell. |
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D)     it depicts the sequence and relationships of the major components of the strategic management process. |
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5. Which of the following is a generic strategy option? |
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A)     narrow margins |
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B)     diversification |
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C)     differentiation |
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D)     retrenchment |
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6. Horizontal integration is an example of a |
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A)     generic strategy |
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B)     grand strategy |
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C)     functional level strategy |
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D)     SBU strategy |
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7. Strategic decisions ostensibly commit the firm for |
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A)     1-2 years |
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B)     the short term |
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C)     3-4 years |
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D)     a long period of time, typically five years |
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8. Three organizational elements providing fundamental, long-term means for institutionalizing a firm's strategy are: |
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A)     leadership, power, culture |
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B)     culture, structure, leadership |
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C)     objectivity, power, culture |
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D)...