2767619-MGT-300-Exam-2-Review-(Ch.-4,-5,-&-6)-Jeopardy-Template
Service Magic charges service providers for the leads it provides to them monthly. Which of the following is the source of Service Magic's strategic position? A. Low-profit margin and many customers. B. Broad needs and few customers. C. Broad needs and many customers. D. High-profit margin and many customers. E. High-profit margin and few customers. C. Broad needs and many customers. Click to zoom M e n u Team 1 0 + - Continue ESC Reveal Correct Response Spacebar MGT 206 Exam 2 Review (Ch. 4,but the small improvement in performance may not be worth the effort for small firms. E. Both small and large firms benefit from strategic planning,but the small improvement in performance may not be worth the effort for small firms. 206 Which of the following is not an area in which a company needs to get and stay ahead in order to sustain a competitive advantage? A. Talented employees B. Quality C. Effectiveness D. Being responsive to customers E. Innovating A. Talented employees 206 Consumers can use a national company called Service Magic to receive bids from quality providers of a variety of services,operational planning E. Mission statement & vision statement,so he just put up a website. What advantage does his business have over larger competitors? A. It has greater access to capital. B. It has superior distribution. C. It has more access to young talent. D. It can
change direction quicker. E. It has well-defined bureaucratic systems. E. It has well-defined bureaucratic systems. 206 McKesson Corp.,one typically has complete information for planning and decision making. A. True B. False B. False 206 Planning occurs only at the highest levels of an organization,profitability and result in superior patient care and satisfaction." A. purpose B. vision C. intention D. goal E. mission E. mission 206 Anne runs a small bakery on the main street of a resort town. Though hers was the only bakery around,plumbing,operational planning 206 Which of the following statements about strategy and strategic positioning is false? A. Many customers with broad needs can be a source of strategic position. B. A company has to choose not only what strategy to follow but what strategy not to follow. C. Few customers with broad needs can be a source of strategic position. D. Strategy involves creating a "fit" among activities. E. Few customers with narrow needs can be a source of strategic position. E. Few customers with narrow needs can be a source of strategic position. 206 Hilton Hotel's statement expressing its purpose as "to fill the earth with the light and warmth of hospitality" is a(n) A. vision statement. B. intention statement. C. goal statement. D. mission statement. E. rationale statement. D. mission statement. 206 Which of the following is not a typical cause of bad planning? A. Information overload. B.
Inadequate planning budgets. C. Ineffective group dynamics. D. Poor assessment of an organization's capabilities. E. Faulty assumptions about the future. B. Inadequate planning budgets. 206 John recently received his CPA license and plans to run a small tax consulting business,so you are ready for any activity. B. To gain an early upper hand,and she was contemplating whether she should attempt strategic planning. Anne should be aware of what research finding regarding strategic planning? A. Only large firms show performance gains from strategic planning. B. Only small firms show performance gains from strategic planning. C. Performance gains from strategic planning are equal among small and large firms. D. Both small and large firms benefit from strategic planning,but small firms get a larger boost in performance. E. Both small and large firms benefit from strategic planning,& 6) Press F11 Select menu option View > Enter Fullscreen for full-screen mode Edit • Print • Download • Share JeopardyLabs,& 6) Jeopardy Template Chapter 4 Chapter 5 Chapter 6 Mix it up! Mix it up some more! 206 Power distance refers to how loosely or tightly people are socially bonded. A. True B. False B. False 206 Planning helps managers to cope with events that can be predicted but is not particularly helpful when conditions are uncertain. A. True B. False B. False 206 A business plan is a document with the purpose of outlining a proposed firm's
profit and loss statements for its first operating cycle. A. True B. False B. False 206 In this time of Internet connections and speedy-access computer databases,which is "to provide comprehensive pharmacy solutions that improve productivity,the business had been suffering during the economic slowdown,operational planning,tactical planning B. Strategic planning,5,tactical planning D. Mission statement & vision statement,being done by top managers. A. True B. False B. False 206 Turnover rates are higher among managers returning from overseas assignments than for those who do not go abroad. A. True B. False A. True 206 Determining an organization's mission is the responsibility of top management and the board of directors. A. True B. False A. True 206 SWOT analysis helps management to develop a realistic understanding of the organization in relation to internal and external environments. A. True B. False A. True 206 Planning is defined as A. formulating a method to allocate resources effectively. B. motivating employees. C. coping with obstacles to past performance. D. setting goals and deciding how to achieve them. E. implementing strategic goals. D. setting goals and deciding how to achieve them. 206 A company that is producing goods domestically and sells them outside the country is involved in A. countertrading. B. outsourcing. C. importing. D. exporting. E. franchising. D. exporting. 206 Arabs prefer a larger interpersonal space when communicating than Americans. A. True B. False B. False 206 The career path
that most resembles the traditional view of climbing the stairs in a corporate hierarchy is called the linear career. A. True B. False A. True 206 Which of the following would be considered a reason for adopting strategic management and strategic planning? A. To enhance employee loyalty. B. To keep corporate taxes at a minimum. C. To develop independent work from the staff. D. To provide develop a sustainable competitive advantage. E. To increase market dominance with repeat purchase. D. To provide develop a sustainable competitive advantage. 206 The International Red Cross is an example of a A. multinational organization. B. multigovernment organization. C. international social corporation. D. multinational corporation. E. global philanthropy. A. multinational organization. 206 A mission statement should be ambitious. A. True B. False B. False 206 Which of the following is a way to become a world citizen? A. Dress comfortably and casually,tactical planning,MGT 206 Exam 2 Review (Ch. 4,landscaping,operational planning,5,operational planning C. Strategic planning,mission statement & vision statement,has a(n) ________ statement,tactical planning,tactical planning,a U.S. pharmaceutical distributor,tactical planning D. Mission statement & vision statement,strategic planning,mission statement & vision statement,including home remodel,strategic planning,be very vocal and assertive. C. Be and think globally. D. Speak English at all times since it is the world's language. E. Learn rituals of respect. E. Learn rituals of respect. 206 Which of the following is the correct order of planning steps within an organization? A. Strategic planning,strategic planning,operational planning,mission statement & vision statement