Assignments and

Hoemworks
24 February, 2016 | http://tutorsof.blogspot.com

Elements and core disciplines

of lean manufacturing
Research the elements and core disciplines of lean manufacturing
and services as it relates to your organization, or one with which
you are familiar.
Write a 700 to 1,050-word paper in which you address the
following points:
Describe briefly at least three core elements of lean.
Identify which elements are required for your selected
organization to move towards a lean environment.
Describe your selected organizations vision.
Describe how your selected organizations vision supports lean.
If the organizations vision does not support lean, re-write it so
that it does and describe how your new version of the vision
supports lean.

With the class divided into groups, answer the following.

(a) Calculate the estimated break-even point in annual unit sales of
the new product if Martinez
Company uses the:
(1) Capital-intensive manufacturing method.
(2) Labor-intensive manufacturing method.
(b) Determine the annual unit sales volume at which Martinez
Company
would be indifferent between the two manufacturing methods.
Explain the circumstance under which Martinez should employ
each
of the two manufacturing methods.

Finance DQs
Minimum 100 words each.
Q1. Discuss the importance of budgeting on the home front in
your personal finances. How do you do it and what changes will
you make in light of what you learned this week?

Different types of budgets

Q2. Many upper level managers consider the budget to be a living

document. What do they mean by this and do you agree with their
assertion? Why? Why not?

Review different budgets used in the different organizations in

which your team works or in an another organization with which
you are familiar. What are the uses of the types of budgets you
reviewed?

Q3. Explain static budget reports.

Q4. Explain Flexible Budgets.

BYP18-1 Martinez Company

Q5. Explain Variance Analysis and Balanced Scorecard

Access the following Week 5 Assignment in WileyPLUS:

Broadening Your Perspective 181 (see attached)
Write a paper of no more than 750 words in which you respond to
the Broadening Your Perspective 181 activity titled Decision
Making Across the Organization in Ch. 18 of Accounting.
BYP18-1 Martinez Company has decided to introduce a new
product. The new product can be manufactured by either a
capital-intensive method or a labor-intensive method. The
manufacturing method will not affect the quality of the product.
The estimated manufacturing costs by the two methods are as
follows.

Finance questions
Brief Exercise 188
Meriden Company has a unit selling price of $680, variable costs
per unit of $408, and fixed costs of $178,704.
Compute the break-even point in units using the mathematical
equation.
Brief Exercise 1810
For Turgo Company, variable costs are 60% of sales, and fixed
costs are $172,800. Managements net income goal is $88,720.

Capital Labor
Intensive Intensive
Direct materials $5 per unit $5.50 per unit
Direct labor $6 per unit $8.00 per unit
Variable overhead $3 per unit $4.50 per unit
Fixed manufacturing costs $2,508,000 $1,538,000

Compute the required sales in dollars needed to achieve

managements target net income of $88,720.
Brief Exercise 1811
For Kozy Company, actual sales are $1,241,000 and break-even
sales are $744,600.

Martinezs market research department has recommended an

introductory unit sales price of $30. The incremental selling
expenses are estimated to be $502,000 annually plus $2 for each
unit sold, regardless of manufacturing method.

Compute the margin of safety in dollars and the margin of safety

ratio.
Brief Exercise 1916
Montana Company produces basketballs. It incurred the following

Instructions

Finance questions

costs during the year.

Direct materials $14,567
Direct labor $25,925
Fixed manufacturing overhead $9,738
Variable manufacturing overhead $31,971
Selling costs $21,012

Vertical analysis (common-size) percentages for Vallejo Companys

sales, cost of goods sold, and expenses are listed here.
Vertical Analysis 2012 2011 2010
Sales 100 % 100 % 100 %
Cost of goods sold 61.7 63.4 66.4
Expenses 25.6 26.7 28.6

What are the total product costs for the company under variable
costing?
Exercise 1917
Polk Company builds custom fishing lures for sporting goods
stores. In its first year of operations, 2012, the company incurred
the following costs.

Did Vallejos net income as a percent of sales increase, decrease,

or remain unchanged over the 3-year period? Provide numerical
support for your answer.
Horizontal analysis (trend analysis) percentages for Spartan
Companys sales, cost of goods sold, and expenses are listed here.
Horizontal Analysis 2012 2011 2010
Sales 96.2 % 104.8 % 100.0 %
Cost of goods sold 101.0 98.0 100.0
Expenses 105.6 95.4 100.0

Variable Cost per Unit

Direct materials $7.65
Direct labor $2.50
Variable manufacturing overhead $5.87
Variable selling and administrative expenses $3.98
Fixed Costs per Year
Fixed manufacturing overhead $239,400
Fixed selling and administrative expenses $244,902

Explain whether Spartans net income increased, decreased, or

remained unchanged over the 3-year period.

Finance DQ

Polk Company sells the fishing lures for $25.50. During 2012, the
company sold 80,500 lures and produced 95,000 lures.
Assuming the company uses variable costing, calculate Polks
manufacturing cost per unit for 2012. (Round answer to 2 decimal
places, e.g.10.50.)

1. Contrast the primary focus of job order cost accounting and of

process cost accounting. What are the similarities between the two

Brief Exercise 211

For the quarter ended March 31, 2012, Maris Company
accumulates the following sales data for its product, Garden-Tools:
$318,500 budget; $339,400 actual.
Prepare a static budget report for the quarter.

2. Assume you own a business that makes two complementary

products for which you allocated manufacturing overhead
proportionally. A competitor is trying to undercut your price for
one of the products. How might ABC costing help you better
compete with this pending threat?

Managerial Economics
Insurance Company question

Brief Exercise 214

Gundy Company expects to produce 1,293,000 units of Product XX
in 2012. Monthly production is expected to range from 70,870 to
103,090 units. Budgeted variable manufacturing costs per unit
are: direct materials $3, direct labor $6, and overhead $11.
Budgeted fixed manufacturing costs per unit for depreciation are
$5 and for supervision are $2.

A large, well-established home insurance company writes

insurance policies to cover losses from fire, theft, and vandalism.
In a recent financial review, managers discovered that company
performance was lagging behind projections. They examined
pricing and claims history in more detail and identified a group of
about 10,000 customers whose claims far exceeded the collected
premiums. Members of the actuarial group, whose compensation
was partially tied to profitability of the policies they priced, were
particularly frustrated. How would you recommend the insurer
address this problem?
Before continuing, first answer the following 3 questions to
diagnose and solve the problem. Then, please elaborate in your
answer to the question above.
1) Who is making the bad decision?
2) Do the actuaries have enough information to make a good
decision?
3) Do the actuaries have the incentive to make a good decision?

Prepare a flexible manufacturing budget for the relevant range

value using 16,110 unit increments. (List variable costs before
fixed costs.)

Potential benefits and

drawbacks of using
self-managed teams
Briefly discuss some of the potential benefits and drawbacks of
using self-managed teams.
Reference: Lussier, R. N., Achua, C. F. (2013). Leadership: Theory,
Application, & Skill. (5th ed.) Cengage Learning.
525+ words

MC 30QUESTIONS Score
100%

it is a costly and consuming process.

it hampers their ability to develop long-range plans.

6
The concept that proposes private corporations have
responsibilities to society that extend beyond making a profit is
known as

flexible responsibility

social flexibility

social responsibility

managerial responsibility
7
In a survey of 50 corporations, which of the following was rated as
a benefit of strategic management?

Higher levels of job satisfaction

Clearer sense of vision for the firm

1
Which company experienced a tarnished reputation and scandal
after experiencing behavior substitution when employees altered
their behavior on the job to fit the reward system?

Saks

Neiman Marcus

Macys
Sears, Roebuck, & Co.
2
Which is the MOST commonly used measure of corporate
performance (in terms of profit)?

EPS

ROE

DPS
ROI

3
Which strategy specifies the firms overall direction in terms of its
general orientation toward growth, the industries or markets in
which it competes, and the manner in which it coordinates
activities and transfers resources among business units?

Corporate

Functional

Divisional

Organizational

Higher levels of employee motivation

Improved productivity
8
The strategy that deals with product and process innovation and
improvement is known as a __________strategy.

financial

marketing

R&D

operations
9
According to Porter, the corporation is most concerned with

the amount of pressure from the societal environment

the intensity of competition within its industry

the aggregate level of demand for a product line

a markets position on its life cycle

10
The relationship among the board of directors, top management,
and shareholders is referred to as

corporate strategy

corporate synergy

corporate governance

corporate management
11
If performance data and activity reports indicate undesirable
performance as a result of inappropriate use of the strategic

4
Which strategy is developed to pull together the various activities
and competencies of each department so that corporate and
business unit performance improves and resource productivity is
maximized?

Competitive strategy

Functional strategy

Business strategy

Enterprise strategy
5
One reason environmental uncertainty is a threat to strategic
managers is because

it forces the strategic manager to be reactive.

the strategic manager cannot control the environment.

management process, operational managers must

allow sufficient time to pass to verify if it is the process or just the

usage that is the problem.

know about it so that they can correct the employee activity.

immediately notify the board of directors.

change the strategic management model.

12
When a company determines a competencys competitive
advantage, Barney refers to this issue as

value

imitability

organization

rareness
13
Strategic planning in a multidivisional corporation

corporations?

The board of directors

Middle management

First level management

Everyone in the organization

17
The process by which a firm approaches its cross-border activities
and those of competitors, and plans to approach them in the
future, is called

competitive strategy

international strategy

staging

cross-border configuration
18
Executives with a particular mix of skills and experiences may be

should be a formalized and sophisticated system.

should be accomplished quickly to decrease the likelihood of it

becoming outdated.

should be instigated only from the main corporate office.

should encourage a clear delineation between top management

and lower-level managers.
14
What question must managers ask concerning the relationship
between economic logic and international strategy?

Which geographic areas will we enter?

Which international market-entry strategies will we use?

How does our international strategy contribute to the economic

logic of our business and corporate strategies?

How does being international make our products more attractive

to our customers?
15
The technique that illustrates how management can match the
external opportunities and threats with its strengths and
weaknesses to yield four sets of strategic alternatives is called a
(an)

EFAS Table

IFAS Table

SFAS Table

TOWS Matrix
16
Who typically implements strategy in large, multi-industry

classified as an executive type and paired with

a certain educational background

a specific experience background

a specific corporate strategy

a specific personal characteristic

19
Suboptimization occurs when

managers tend to focus more of their attentions on those aspects

which are measurable than on those which are not

individuals are placed into positions not suited to their abilities

there is a failure to produce at or near full capacity

a division or functional unit views itself as a separate entity and

refuses to cooperate with other divisions or units to the detriment
of the organization as a whole
20
The sum total of the activities and choices required for the
execution of a strategic plan is known as in

strategy implementation

environmental scanning

strategic formulation

evaluation and control

21
An acronym for the assessment of the external and internal
environments of the business corporation in the process of
strategy formulation/strategic planning is

M.B.O.

R.O.I.

S.B.U.

S.W.O.T.
22
The hiring of new people with new skills, firing of people with
inappropriate or substandard skills, and/or training existing
employees to learn new skills are included the process of

operating

staffing

training

structuring
23
According to the text, what is the key to effective management
of change in culture?

Archie Carroll

Adam Smith

William C. Norris

Milton Friedman
27
The end result of activity is known as

performance

return on equity

gratuity

measurement
28
In the development of a SFAS matrix, the first step is to

list the most important EFAS and IFAS items

calculate the weighted scores

Staffing

Communication

Evaluation

Operationalization
24
Research suggests that strategic management evolves through
four sequential phases in corporations. The first phase is

forecast-based planning

basic financial planning

externally-oriented planning

internally-oriented planning
25
Because of the belief that accounting-based numbers such as ROI,
ROE, and EPS are not reliable indicators of a corporations
economic value, which method of corporate performance is now
preferred?

Profit margin on sales

Basic earning power

Price/earnings ratio

Shareholder value
26
Who said that the social responsibility of business is a
fundamentally subversive doctrine and that the one social
responsibility of business is to use its resources and engage in
activities designed to increase its profits so long as it stays with
the rules of the game?

indicate short-term for the duration

enter the ratings of how the companys management is responding

to each of the strategic factors
29
Continuous improvement is an operations concept developed in

Sweden

Germany

the United States

Japan
30
The strategy implementation tool used to determine what actions
are going to be taken, by whom, during what time frame, and with
what expected results is called a(n)

mission statement

action plan

MBO

succession plan

CMGT420 Week-2 Planning

for scope, time, and cost.

Week-5 Contingency Plan

Evaluation Appendix B Final

Prepare a 2 or 3-page executive briefing memo for senior

management.
You are a new project manager taking over for a project manager
who was fired from the job. He was fired because he has not used
project management framework to plan the project. The only thing
that the previous project manager produced is the Project Charter.
Luckily, the project is still in planning phase, and only the planning
for scope, time, and cost must be completed for the project to be
back on track.
Your executive briefing memo should outline all the input in order
to complete the planning for scope, time, and cost. There should
be a brief explanation of each input.

Resources: A virtual organization from the Virtual Organization

link and Appendix C
Design an HR risk management strategy plan for your chosen
virtual organization company using Appendix C as a guide. Cite at
least three substantive references in APA format (in addition to the
references to the virtual organization).
Summarize the following in your plan:
Risk assessment and management program
Health and safety programs
Succession plan
Crisis contingency plan
Post your assignment as a Microsoft Word attachment

HRM420 Week-5 Baderman

crisis contingency plan

Appendix C: HR Risk Management Strategy Plan

Risk Assessment and Management Program
Suggested timelines for assessment of risk (Suggest the amount
of time spent analyzing and assessing the risk factors. Include time
for committees to meet and discuss necessary focus points.)
Focus points
Management strategies
Ongoing timeline for monitoring
Health and Safety Programs
Identify at least two health and safety concerns in the workplace.
Design programs to address those concerns.
Analyze the relationship of ethics and safety in your programs.
Succession Plan
Outline a training and development program to cross-train for
key positions.
Assess the training and development programs for ease of
implementation.
Crisis Contingency Plan
Identify at least one potential crisis resulting from the following:
o Internal cause (such as a union strike)
o External cause (such as natural disaster)

HRM420 Week-5 Baderman crisis contingency plan.

HRM420 Week-5 Appendix B

Contingency Plan Evaluation
Resource: Appendix B
Research and locate two contingency plans using a search engine
of your choosing.
Fill out Appendix B, Contingency Plan Evaluation, using the
information found in your search. Cite at least three substantive
references in APA format both in the body of Appendix B as well as
in a list at the end.
Post your assignment as a Microsoft Word attachment.
Appendix B: Contingency Plan Evaluation
Using a search engine of your choice, research and locate two
contingency plans and use the information you find to fill out the
evaluation table below.

BUS475 Week-2 Strategic

Plan Part I-Zeeshan

Contingency Plan and Source

Provide a brief overview of the community the contingency plan
serves.
Describe the risks the plan identifies and covers.
Does the plan adequately cover the risks identified?
Where does the plan excel?
Where is the plan inadequate?
Identify risks that the plan does not address.
Suggest a way to minimize that risk.
Which plan do you prefer and why?

Write a 1,400 to 1,750-word paper in which you explain the

importance of innovation in your selected businesss vision,
mission, and values, and determine your business model for this
new division. Include the following:
Propose a new product or service for the new company division.
The division should be customer-focused with an innovative
mission statement. Ensure that you are differentiating your
product or service.
Describe how the division addresses customer needs and
achieves competitive advantage.
Create a vision and a business model for this new division that
clearly demonstrates your decision on what you want your
business to become in the future.
Explain how the vision, mission, and value of the new division
align with the companys mission and vision.
Summarize how the vision, mission, and values guide the
divisions strategic direction.
Define your guiding principles and values for your division in the

context of culture, social responsibility, and ethics.

today.

BUSINESS: AUTHENTIC INDIAN RESTAURANT

A) Corporate culture; stakeholders

BAM560 Strategic
Management Final Exam

B) Stakeholders; strategy

BAM560

E) Strategy; globalization

Strategic Management

Strategic Management

Strategic Management: Concepts and Cases

Final Examination

Final Examination

6) In December 2006, online sales in the U.S. rose by

Multiple Choice Questions (Enter your answers on the enclosed

answer sheet)

A) 150 percent.

C) E-commerce; strategy
D) E-commerce; globalization

B) 10 percent.

1) During what stage of strategic management are a firms specific

internal strengths and weaknesses determined?

C) 100 percent.
D) 25 percent.

A) Feedback

E) 50 percent.

B) Implementation

7) The one factor that has most significantly impacted the nature
and core of

C) Goal-setting
D) Formulation

buying and selling in nearly all industries has been

E) Evaluation

A) corporate greed.

2) What step in the strategic development process involves

mobilizing employees and managers to put strategies into action?

B) customer and employee focus.

C) the government.

A) Implementing strategy

D) the Internet.

B) Formulating strategy

E) political borders.

C) Strategy evaluation

8) Specific results an organization seeks to achieve in pursuing its

basic mission

D) Competitive advantage
E) Strategic advantage

are

3) Which phase of strategic management is called the action

phase?

A) rules.
B) mission.

A) Strategy implementation

C) policies.

B) Strategy formulation

D) objectives.

C) Allocating resources

E) strategies.

D) Strategy evaluation

9) In which phase of strategic management are annual objectives

especially important?

E) Measuring performance
4) ________is not a strategy-implementation activity.

A) Implementation

A) Devising policies

B) Control

B) Establishing annual objectives

C) Evaluation

C) Taking corrective actions

D) Formulation

D) Motivating employees

E) Management

E) Allocating resources

10) What are guides to decision making?

5) ________and ________are external forces transforming business

and society

A) Laws

B) Procedures

E) the Constitution

C) Goals

16) Ethical standards come out of ________in a final analysis.

D) Rules

A) history and heritage

E) Policies

B) competitors

11) The changes that occurred when Robert Iger took over the
reigns at Disney,

C) community involvement
D) stakeholder analysis

demonstrate which current trend in organizations?

E) government

A) Increased emphasis on strategic planning

B) Increased structuring of strategic management

17) All of these are potential disadvantages of an international

operation except

C) Increased decentralizing of strategic management

A) reduced tariffs and taxes.

D) Increased formalization of the strategic management process

B) complexity due to a multiple monetary system.

E) Increased central planning of the strategic management

process

C) overestimated weaknesses and underestimated strengths of

competitors.

12) According to research, organizations using strategic

management are

D) differing languages, cultures and value systems.

E) all of these are potential disadvantages.

________than those that do not.

A) more complex

18) Which of these basic questions should a vision statement

answer?

B) more profitable

A) Who are our competitors?

C) less profitable

B) What is our business?

D) less complex

C) Who are our employees?

E) less static

D) What do we want to become?

13) According to Greenley, strategic management offers all of

these benefits except that

E) Why do we exist?
19) Who is referred to as the father of modern management?

A) it provides an objective view of management problems.

A) Smith

B) it encourages a favorable attitude toward change.

B) Deming

C) it maximizes the effects of adverse conditions and changes.

C) Drucker

D) it creates a framework for internal communication among

personnel.

D) Peters
E) McGinnis

E) it gives a degree of discipline and formality to the management

of a business.

20) The mission statement answers which question?

14) What is not a reason given for poor or no strategic planning in

organizations?

A) How can we improve ourselves?

B) What do we want to become?

A) Fire-fighting

C) Who are our stakeholders?

B) Trust of management

D) What is our business?

C) Poor reward structure

E) How can we increase profitability?

D) Wasting of time

21) The vision statement answers which question?

E) Being content with success

A) Who are our stakeholders?

15) Principles of conduct that guide decision-making are known as

B) What do we want to become?

A) social responsibility requirements.

C) What is our business?

B) business ethics.

D) How can we increase profitability?

C) human rights.

E) How can we improve ourselves?

D) nonprofit organization policies.

22) In the process of developing a mission statement, it is

important to involve

A) numerous liability suits.

B) reduced customer loyalty.

A) the board of directors only.

C) conservation of energy.

B) upper-level management only.

D) higher medical costs.

C) as few managers as possible.

E) higher cleanup costs.

D) as many managers as possible.

28) What happened to sales of big-rig trucks as a result of new

federal regulations on emissions?

E) lower-level management only.

23) What can be used to promote unbiased views and to manage
the development

A) Production increased by 40 percent

B) Production decreased by 40 percent

of the mission statement more effectively?

C) The change had no impact on production

A) An internal group

D) Production increased by 50 percent

B) Surveys

E) Production decreased by 50 percent

C) Command-and-control
D) A committee of managers

29) The corporate social policy should be reaffirmed or changed

during which phase of strategy development?

E) A facilitator

A) Strategy evaluation

24) Business Week reports that firms using mission statements

have ________

B) Strategy formulation
C) Strategy implementation

percent higher return on certain financial measures than those

without such

D) Strategic mission
E) Strategy control

statements.

30) Which of the following dimensions are not recommended

aspects of a mission statement?

A) 15
B) 57

A) Customers

C) 54

B) Concern for employees

D) 10

C) Markets

E) 30

D) Self-concept

25) All stakeholders

E) Strategies

A) have environmental concerns as their top priority.

31) Effective mission statements

B) have the same claims and concerns about an organization.

A) become ineffective in the first year.

C) have ownership rights in an organization.

B) never require revision.

D) have the same voting rights in an organization.

C) are usually changed every few years.

E) have claims and concerns about an organization, but these

claims and con

D) stand the test of time and require little revision.

E) are usually changed every few months.

cerns vary.

32) The process of performing an external audit needs to include

26) The three characteristics of a mission statement are a

declaration of attitude,

A) only top level managers, as its a planning function.

a declaration of social policy and

B) stockholders and external government agencies

A) a profit orientation.

C) between 15 to 20 managers for it to be valid

B) an employee orientation.

D) primarily front-line supervisors

C) a customer orientation.

E) as many managers and employees as possible.

D) a shareholder orientation.

33) What effect do trends in the dollars value have on companies

in different industries and in different locations?

E) an environmental orientation.

A) Insignificant and unequal

27) A proactive environmental policy is likely to lead to

B) No significant impact

A) inhibit employee and stakeholder commitment.

C) Marginal and equal

B) forego valuable employee or stakeholder input.

D) Significant and unequal

C) provide competitive advantage to competitors.

E) Significant and equal

D) inhibit employee and stakeholder communication.

34) In general, what happens to American goods in overseas

markets when there is a strong dollar?

E) inhibit employee and stakeholder understanding.

40) Intensity of competition ________in lower-return industries.

A) Cheaper

A) is lowest

B) More attractive

B) is not important

C) More expensive

C) is highest

D) Less expensive

D) is non-existent

E) Desirable

E) fluctuates Final Examination Strategic Management 9

35) When an industry relies heavily on government contracts,

which forecasts can be the most important part of an external
audit?

41) Whenever new firms can easily enter a particular industry, the
intensity of
competitiveness among firms

A) Competitive

A) decreases.

B) Economic

B) increases.

C) Multinational

C) fluctuates.

D) Political

D) neutralizes.

E) Technological8 Final Examination Strategic Management

E) stays the same.

36) Who is Japans largest trading partner?

42) What level of bargaining power do consumers have when the

products being

A) China
B) Mexico

purchased are standard or undifferentiated?

C) Germany

A) Marginal

D) U.S.

B) High

E) U.K.

C) Negative

37) Technological advancements can create new

________advantages that are

D) Low
E) Not necessary

more powerful than existing advantages.

43) Because of the Internet, barriers to personal and business

success are

A) economic
B) social

A) acting like glass walls.

C) competitive

B) being eliminated.

D) comparative

C) lower.

E) environmental

D) significantly enhanced.

38) Which sector of the economy would be most impacted by

technological developments?

E) being built.
44) The international challenge faced by U.S. business is twofold

A) Paper

A) how to gain and maintain exports to other nations and how to

defend domes

B) Forestry
C) Textiles

tic markets against imported goods.

D) Metals

B) how to gain exports to other nations and enhance market share

for imported

E) Pharmaceuticals
39) Keeping strategies secret from employees and stakeholders
can do all of the following except

goods in domestic markets.

10

C) how to increase exports to other countries and how to increase

imports from

D) Customer analysis
E) Opportunity analysis

other countries.

50) The Robinson-Patman Act affects a companys

D) how to defend domestic markets against imported goods while

minimizing

A) culture.
B) employee costs.

exports.

C) cost of products.

E) how to enhance imported goods in domestic markets and

minimize exports to

D) pricing methods.

other nations.

E) trucking methods.

45) ________exemplifies the complexity of relationships among the

functional

51) What category of ratios measures a firms ability to meet

maturing short-term

areas of business.

obligations?

A) Financial ratio analysis

A) Leverage

B) Environmental scanning

B) Activity

C) External audit

C) Profitability

D) Government audit

D) Growth

E) Distribution strategy

E) Liquidity

46) Which function of management includes all of those activities

undertaken to

52) According to Roger Schroeder, which of the following is not a

basic function

ensure actual operations conform to planned operations?

of production management?

A) Controlling

A) Transportation

B) Staffing

B) Inventory

C) Planning

C) Capacity

D) Motivating

D) Workforce

E) Organizing

E) Quality

47) The first step in the controlling function of management is to

53) Which country has the highest average hourly pay for auto
workers?

A) take corrective actions.

A) Japan

B) establish performance standards.

B) Germany

C) restrict breaks employees take.

C) Canada

D) measure individual and organizational performance.

D) France

E) evaluate expense reports.

E) U.S.

48) Opportunity analysis is one of the basic functions of

54) ________has been successful in determining R&D budget

allocations.

A) computer information systems.

B) production/operations.

A) Financing as many project proposals as possible

C) management.

B) Budgeting for R&D about what competitors spend

D) marketing.

C) Using the percentage of sales method

E) research and development.

D) Deciding how many successful new products are needed

49) ________is not considered to be a function of marketing.

E) All of the above have been used

A) Market segmentation
B) Distribution

55) Which of the following ties all business functions together and
provides the basis for all managerial decisions?

C) Marketing research

A) Marketing

11

B) Management

A) Backward integration

C) Workforce

B) Retrenchment

D) Information

C) Unrelated diversification

E) Technology

D) Related diversification

56) Which of the following is the first step in developing an IFE

Matrix?

E) Divestiture

A) Identifying the organizations functions of business

62) Which of the following is not an example of when an

organization should use

B) Summing the weighted scores for each variable

an unrelated diversification strategy?

C) Identifying the organizations strengths and weaknesses

A) When revenues derived from an organizations current products

or services

D) Determining the lead strategist

would increase significantly by adding the new unrelated,

products.

E) Determining the organizations structure

57) The IFE Matrix should be ________in multidivisional firms.
A) all-inclusive

B) When the new products have counter-cyclical sales patterns

compared to an

B) constructed only for the major divisions

organizations present products.

C) revised monthly

C) When an organization competes in a highly competitive and/or a

no-growth

D) constructed for each division

industry.

E) developed before the EFE Matrix

D) When an organizations present channels of distribution can be

used to mar

58) Which of these strategies is effective when the number of

suppliers is small and the number of competitors is large?

ket the new products to current customers.

A) Conglomerate diversification

E) When the organization has a strong management team.

B) Forward integration
C) Backward integration

63) Which chapter of the bankruptcy code applies to

municipalities?

D) Concentric diversification

A) Chapter 9

E) Horizontal diversification

B) Chapter 12

59) Which strategy seeks to increase market share of present

products or services in present markets through greater marketing
efforts?

C) Chapter 8

A) Backward integration

E) Chapter 7

B) Market penetration

64) The Family Farmer Bankruptcy Act of 1986 created

C) Forward integration

A) Chapter 13.

D) Market development

B) Chapter 9.

E) Product development

C) Chapter 8.

60) All of the following situations are conducive to market

development except

D) Chapter 7.

D) Chapter 13

E) Chapter 12.

A) when an organization competes in a high-growth industry.

65) Under which strategy would you offer products or services to a

wide range of customers at the lowest price available on the
market?

B) when new untapped or unsaturated markets exist.

C) when an organization is very successful at what it does.

A) Low-cost

D) when an organizations basic industry is becoming rapidly

global in scope.

B) Differentiation

E) when an organization has excess production capacity.

C) Best-value

61) Which strategy should an organization use if it competes in a

no-growth or a slow-growth industry?

D) Low-cost focus
E) Best-value focus

12

66) Under which condition would a differentiation strategy be

especially effective?

D) The SW cell
E) The SO cell

A) When the industry has many different niches and segments,

thereby allowing

70) Which strategies aim at improving internal weaknesses by

taking advantage of

a company to pick a competitively attractive niche suited to its

own resourc

external opportunities?
A) ST

es.

B) WO

B) When technological change is fast paced and competition

revolves around

C) SO

rapidly evolving product features.

D) WT

C) When few, if any, other rivals are attempting to specialize in the

same target

E) SW

segment.

71) How many cells are in a SWOT Matrix?

A) Eight

D) When industry leaders do not consider the niche to be crucial to

their own

B) Nine

success.

C) Two

E) When the target market niche is large, profitable and growing

D) Four

67) Which of the following is not a reason joint ventures fail?

E) Six

A) The venture may benefit the partnering companies but may not
benefit the

72) Which of the following is not a step of a SWOT Matrix?

A) Match strengths with external opportunities and record the
resultant SO strat

customers who then complain about poorer service or criticize the

companies

egies in the appropriate cell.

in other ways.

B) List the firms key external threats.

B) The venture may begin to compete more with one of the

partners than the

C) Match internal weaknesses with external threats and record the

resultant WT

other.

strategies.

C) Stakeholders from both partners are equally satisfied.

D) List the firms external opportunities.

D) Managers who must collaborate daily in operating the venture

are not in

E) List the firms external weaknesses.

73) Which of these is not a SPACE Matrix quadrant?

volved in forming or shaping the venture.

A) Aggressive

E) The venture may not be supported equally by both partners.

B) Defensive

68) What was the largest acquisition completed in 2007?

C) Conservative

A) CVS acquiring Caremark Rx

D) Competitive

B) AT&T acquiring BellSouth Corp

E) Offensive

C) Linde acquiring BOC Group

D) Johnson & Johnson acquiring Pjizen Consumer Healthcare

74) In the SPACE analysis, what does a (+6, +3) strategy profile
portray?

E) Porsche acquiring Volkswagon

A) A strong industry

69) Which section of the SWOT Matrix involves matching internal

strengths with

B) A stable environment
C) A weak industry

external opportunities?

D) An unstable environment

A) The ST cell

E) A weak financial position

B) The WT cell

75) For what type of company is the BCG Matrix ideal for
analyzing?

C) The WO cell

13

A) All companies

E) Organizational politics

B) Large companies

81) Which approach for managing and resolving conflict involves

exchanging

C) Companies with more than one division

members of conflicting parties of that each can gain an

appreciation of the

D) Companies with annual sales of less than $1 million

E) Companies with annual sales greater than $1 million

others point of view?

76) An organization that has a low relative market share position

and competes in

A) Resistance
B) Confrontation

a slow-growth industry is referred to as a

C) Defusion

A) dog.

D) Avoidance

B) star.

E) Compliance

C) question mark.

82) Which approach for managing and resolving conflict involves

playing down

D) cowboy.
E) cash cow.

differences between conflicting parties while accentuating

similarities and

77) According to the Grand Strategy Matrix, organizations in

which .quadrant

common interests?

have a strong competitive position but are in a slow-growth

industry,

A) Defusion
B) Resistance

A) IV.

C) Compliance

B) I.

D) Avoidance

D) V.

E) Confrontation

E) III.

83) Why do changes in company strategy often require changes in

the way an

78) The top row of a QSPM consists of alternative strategies

derived from all of

organization is structured?

these except

A) Structure dictates how resources will be obtained.

A) BCG Matrix.

B) Structure dictates strategy.

B) CPM Matrix.

C) Structure dictates how goals and objectives will be established.

C) Space Matrix.

D) Structure dictates how money is spent.

D) Grand Strategy Matrix.

E) Structure dictates authority over projects.

E) IE Matrix.

84) What percentage of companies are reported to have some form

of bonus plan?

79) How are objectives in the areas of profitability, growth and

market share commonly established?

A) 40 percent

A) Geographic location

B) 95 percent

B) Customer groups

C) 80 percent

C) Business segment

D) 75 percent

D) Product

E) 25 percent

E) all of the above

85) Resistance to change can manifest itself through

80) _______is not a major factor that commonly prohibits effective

resource allocation.

A) filing unfounded grievances.

A) Underprotection of resources

B) sabotaging production machines.

B) Lack of sufficient knowledge

C) unwillingness to cooperate.

C) Vague strategy targets

D) absenteeism.

D) Reluctance to take risks

E) all of the above

14

86) Which strategy could be best defined as an effective,

multi-method technique of studying and altering a firms culture?

B) Monthly
C) Daily

A) Delivering

D) Every decade

B) Benchmarking

E) Quarterly

C) Educative change strategy

92) What is a limitation of using financial budgets?

D) Triangulation

A) They are sometimes used as instruments of tyranny.

E) Process management

B) They can become a substitute for objectives.

87) What percent of strategies formulated are successfully

implemented?

C) They can hide inefficiencies if done only on precedent.

A) Approximately 66 percent

D) They can be so detailed that they are cumbersome and

expensive.

B) Less than 10 percent

E) all of the above

C) Between 40 to 60 percent

93) What best describes how much a company is worth?

D) About 30 percent

A) Static

E) More than 80 percent

B) Known only to the firms accountants

88) Why is market segmentation an important variable in the

strategy-implementation process?

C) Explicit accounting standards

D) An exact science

A) Company strategies do not require increased sales through new

markets and

E) An educated guess

products.

94) What is the best definition of goodwill?

B) It allows a firm to minimize per-unit profits and per-segment

sales.

A) Value associated with benefits from environmental programs

B) Excess of current assets over liabilities

C) It directly affects marketing mix variables.

C) Value attached to the firms reputation

D) It allows a firm to operate with no resources.

D) Premiums paid for acquisition

E) all of the above

E) Excess of assets over liabilities

89) Which of the following is (are) true about two different market
segments?

95) If success for one organizational department means failure for

another department, then strategies may be

A) They are most effective when a firm squats between two

segments.

A) advantageous.

B) They are always in different geographic locations.

B) failures.

C) They are usually incompatible.

C) synergistic.

D) They usually require different marketing strategies.

D) inconsistent.

E) They can usually be served with the same marketing strategy.

E) inconsonant

90) What is a central strategy-implementation technique that

allows an organization to examine the expected results of various
actions and approaches?

96) Corrective actions are not needed when

A) changes have occurred in the firms internal strategic position.
B) the industry is slowing down.20 Final Examination Strategic
Management

A) Financial budgeting
B) EPS/EBIT
C) External analysis

C) the firm is not progressing satisfactorily toward achieving

stated objectives.

D) TOWS analysis

D) external and internal factors have not significantly changed.

E) Projected financial statement analysis

E) competitive factors are on the rise.

91) Which of these is the most common type of budgeting time

frame?

97) What is the basis for quantitative financial evaluation?

A) Annual

B) Reduction in costs

A) Financial ratios

15

C) The EPS/EBIT Analysis

Choose the template that you used for the class that you did the
best in at college.

Use the Microsoft.com 5-star rating to find the most well-liked

template.

Ask around to see if there is a standard template for the

organization.

Use the Blank Presentation template just to be safe.

D) Present value analysis

E) Capital Asset Pricing Model
98) Corrective action should do all of the following except
A) improve internal weaknesses.
B) avoid external threats.
C) capitalize upon internal strengths.

Question-3
Nonmerchant companies

sell services that they provide

include B2C, B2B, and B2G transactions

take title to the goods they sell

arrange for the purchase and sale of goods

D) strengthen an organizations competitive position.

E) avoid external opportunities.
99) What aims to balance long term with short term concerns,
financial with non
financial concerns, and internal with external concerns?
A) Contingency planning
B) Measuring performance

Question-4
Which of the following is considered to be input hardware?

Video Display

Plotter

Speakers

Keyboard

C) reviewing Bases of Strategy

D) The Balanced Scorecard approach
E) Taking corrective action
100) Which type of auditors are specifically responsible for
safeguarding the as
sets of a company?
A) Research auditors
B) Government auditors

BIS320 Week-5 Final Exam

(Score 90%)

Question-5
A ________connects computers at different geographic locations.

PSDN

LAN

VPN

WAN

Question-1
You want to model the growth of the sales of three different
products over the past six years. You want to emphasize the
growth of the total amount of sales in addition to the relative
growth rates of each of the products. Which type of chart should
you use?

Clustered column chart

Stacked column chart

100% stacked column chart

Pie chart

Question-6
Which of the following statements is TRUE with regard to system
maintenance?

All commercial software products are shipped with known failures.

All organizations track system failures and enhancements using

word-processing documents.

Software developers usually club enhancement requests and

failures together.

IS personnel prioritize system problems on a

first-come-first-served basis

Question-2
What is the best strategy for designing a PowerPoint presentation
for the first time for your organization?

Question-7
When creating a presentation, it is most important to consider
making the text

C) External auditors
D) Independent auditors
E) Internal auditors

16

readable

colorful

decorative

beautiful
Question-8
The CPU has a small amount of very fast memory called

a cache

the main memory

a data channel

serial bus

One disadvantage of VPN is that it does not encrypt messages.

It is a virtual, private pathway over a public or shared network

from the client to the server.

VPN communications are secure even though they are transmitted

over the public Internet.

Question-9
On a spreadsheet you have just opened, the projected sales are
listed by departments. You have just summed up the projected
sales by each department for year 2009 using a SUMIF function.
To copy the same formulas over to use for year 2010, what types of
referencing should you use?

Use absolute referencing to refer to the column containing

department names, but relative referencing for the rest.

Use relative referencing to refer to the column containing

department names, but mixed referencing for the rest.

Use relative referencing to refer to the column containing

department names, but relative referencing for the rest.

Use absolute referencing to refer to the column containing

department names, but mixed referencing for the rest.
Question-10
In the Web 2.0 world, the value of a site increases

with users and use

over time

as the investments in it increase

exponentially

Question-13
tracks changes to documents and provides features and functions
to accommodate concurrent work.

Workspace management

Content regulation

Workflow regulation

Version management
Question-14
Projects that spend so much time ________are sometimes said to be
in analysis paralysis.

on project scheduling

documenting requirements

in the system definition phase of the SDLC

designing system components

Question-15
The easiest and cheapest time to alter the information system is in
the ________phase of the SDLC.

implementation

requirements analysis

component design

system definition
Question-16
In making a financial plan, you have decided to assume sales will
grow by 10% from this years sales. The information for this years
sales is contained in cell B5. The correct formula you should type
into a cell to calculate next years sales is

=B5+B5*0.1

=1+B5*0.1

=10%*B5

=0.1*B5

Question-11
A grocery scanning checkout system is an example of

a vertical-market software

a one-of-a-kind application

an operating system

a horizontal market software

Question-17
To locate something in the database, one must type in the keyword
into the ________of the application.

Question-12
Which of the following is true of VPN?

Remote access is difficult in case of VPN.

17

data column

report

query form

data entry form

The plan should identify critical personnel and their off-hours

contact information.

The plan should be simple enough to ensure a fast response with

limited practice.

The plan should require minimal training on the part of employees.

The plan should provide decentralized reporting of all security

incidents.

Question-18
The broadest definition of ________includes viruses, worms, Trojan
horses, spyware, and adware.

software

malware

metadata

widgets

Question-23
The best way to apply a previously created style to the current
document is to

click on the style; then select each line you want changed

select all paragraphs you want changed and click on the style

click on the style; then select all paragraphs you want changed

select each line you want changed and click on the style

Question-19
Mark recently received an e-mail from what appeared to be a
legitimate company, asking him to update and verify his credit
card details. Unknowingly, he obliged and later realized that the
information had been misused. Mark is a victim of

sniffing

phishing

hacking

pretexting

Question-24
Which of the following is true of Web 2.0?

Its supporting technologies include HTTP and HTML.

It is supported by telephones, faxes, and EDIs.

It makes use of user-generated content and is flexible.

It is a primitive interorganizational information system

Question-20
Most homes and small businesses use ________because they receive
more data than they transmit.

ISDN

SDSL

ADSL

PPP
Question-21
If you were writing a report and wanted the bottom of the third
pageafter the title page and the table of contentsto say Page 1,
what would you need to insert?

A section break

A header

A delimiter

A table
Question-22
Which of the following is true regarding an incident-response
plan?

Question-25
During the ________phase of the SDLC process, developers
construct, test, and install the components of the information
system.

database design

requirements analysis

feasibility assessment

implementation
Question-26
Which of the following systems for sharing content provides
version control?

Google Docs

Microsoft SharePoint

Windows Live SkyDrive

File Transfer Protocol

Question-27
Which of the following is TRUE of in-house custom-developed
software?

18

The developing company pays the adaptation costs itself.

The organization has to tailor its applications to the software.

They are less expensive than off-the-shelf software.

They are easy and comparatively cheap to make

Explain how the jewelry store could leverage the tool to serve
customers.
Explain how you could use Web 2.0 to expand market reach.
Consider whether the jewelry store should expand to B2B and
B2G. Explain your response and discuss the rationale.
Include detailed speaker notes to discuss your findings and
provide rationale.

Question-28
Which of the following stands true for enterprise DBMS products?

Paradox is an example of an enterprise DBMS product.

Most of the enterprise DBMS products are out of business today.

Enterprise DBMS products are designed for small and simple

database applications.

Enterprise DBMS products support manyperhaps thousandsof

users and many different database applications

Complete the following in your presentation:

Format the slides using a standard style or create your own.
Insert a chart, graph, or table on at least one slide to show the
advantages of the product you have selected.
Create and insert a hyperlink to the company that makes sense for
the product you have selected.

BIS320 Week-3 Determining

Databases and Data
Communications

Question-29
Which of the following statements is true regarding position
sensitivity?

It enables security personnel to prioritize their activities in

accordance with the possible risk and loss.

It applies to new employees only.

It is documented only for high-sensitivity positions.

It is a type of data safeguard.

Determining Databases and Data Communications

Read Scenario 1 and Scenario 2 below.
Write a paper of no more than 1,500 words in which you respond
to the questions designated for both scenarios.
Scenario 1: You are a marketing assistant for a consumer
electronics company and are in charge of setting up your
companys booth at trade shows. Weeks before a show, you meet
with the marketing managers and determine what displays and
equipment they want to display. Then, you identify each of the
components that need to be shipped and schedule a shipper to
deliver them to the trade show site. You then supervise trade show
personnel as they set up the booths and equipment.

Question-30
Which of the following is TRUE of thick-client applications?

All other things being equal, thin-client applications are preferred

over thick-client applications.

With a thick-client application, a system administrator must install

the new version on each user computer.

A thick-client application is an application program that need not

be preinstalled on the client.

A thick-client application does not require preinstallation of client

codes.

After the show, you supervise packing the booth and all the
equipment as well as schedule its shipment back to your home
office. When the equipment arrives, you check it into your
warehouse to ensure that all pieces of the booth and all the
equipment are returned. If there are any problems due to shipping
damage or loss, you handle those problems. Your job is important;
at a typical show you are responsible for more than a
quarter-million dollars of equipment.
In Scenario 1:

BIS320 Week-4 Collaborative

Tool for retail jewelry Store

o You need to track data about booth components, equipment,

shippers, and shipment. List typical fields for each type of data.
Provide an example of two relationships that you need to track.
o Do you need a database system? If not, can Excel handle the
data and the output? What are the advantages and disadvantages?

You are a consultant who has been hired to help a retail jewelry
store reach out to new and existing customers. You have chosen to
use a collaboration tool to help your client.
Create a 610 slide Microsoft PowerPoint presentation with
speaker notes for the management of the jewelry store that reveals
your findings. Include the following criteria:
Research collaboration tools using the Internet.

o Would you use a personal database or an enterprise database?

Explain your answer.
o Would a decision support system (DSS) be helpful? Explain your
answer.
Scenario 2: You manage a group of seven employees in a small
consulting business. Some employees work at home and some

Choose a product to help your client.

19

work in the office. Each of the employees needs to be connected to

the Internet.
In Scenario 2:

Macys
Neiman Marcus
Saks
4. An acronym for the assessment of the external and internal
environments of the business corporation in the process of
strategy formulation/strategic planning is
S.B.U.
S.W.O.T.
R.O.I.
M.B.O.

o Does your company need a WAN or LAN? Explain your answer.

o Does your business require wireless? Explain your answer.
o Consider security. Is your data sensitive and in need of
protection? Do you need to use a VPN? Explain your answer.
o Imagine that you created a Microsoft Excel spreadsheet to
help you determine the costs and options for a wireless router for
your office. Use the Microsoft Excel template on the student
website to manipulate the cost and specification data of the
various wireless routers based on the directions in the
spreadsheet.

5. Research suggests that strategic management evolves through

four sequential phases in corporations. The first phase is
basic financial planning
forecast-based planning
internally-oriented planning
externally-oriented planning

Cite at least two references in your paper.

6. Which is the MOST commonly used measure of corporate

performance (in terms of profit)?
ROE
DPS
EPS
ROI

Format your paper consistent with APA guidelines.

Software engineering DQ
Answer the following question in 100 to 200 words.
1. What is the difference between relational database management
systems and object-oriented database management systems?
2.Identify and describe a systems design and analysis tool you
would like to use and when you would use that tool for a project to
which you might be assigned.
Next questions answer in 50 to 65 words.

7. In the development of a SFAS matrix, the first step is to

indicate short-term for the duration
list the most important EFAS and IFAS items
calculate the weighted scores
enter the ratings of how the companys management is responding
to each of the strategic factors
8. The strategy that deals with product and process innovation and
improvement is known as a __________strategy.
marketing
financial
operations
R&D

What are some of the benefits of object-relational database

management systems (ORDBMS)?
What are some steps companies can take to protect the privacy of
data stored in relational database management systems and
object-oriented database management systems?

9. According to the text, what is the key to effective management

of change in culture?
Evaluation
Communication
Staffing
Operationalization

MGT498 Final Exam Score

97%
1. What question must managers ask concerning the relationship
between economic logic and international strategy?
How does our international strategy contribute to the economic
logic of our business and corporate strategies?
Which geographic areas will we enter?
Which international market-entry strategies will we use?
How does being international make our products more attractive
to our customers?

10. Who said that the social responsibility of business is a

fundamentally subversive doctrine and that the one social
responsibility of business is to use its resources and engage in
activities designed to increase its profits so long as it stays with
the rules of the game?
William C. Norris
Adam Smith
Milton Friedman
Archie Carroll

2. Executives with a particular mix of skills and experiences may

be classified as an executive type and paired with
a specific personal characteristic
a certain educational background
a specific corporate strategy
a specific experience background

11. The strategy implementation tool used to determine what

actions are going to be taken, by whom, during what time frame,
and with what expected results is called a(n)
mission statement
action plan
MBO
succession plan

3. Which company experienced a tarnished reputation and scandal

after experiencing behavior substitution when employees altered
their behavior on the job to fit the reward system?
Sears, Roebuck, & Co.

20

12. Which strategy specifies the firms overall direction in terms of

its general orientation toward growth, the industries or markets in
which it competes, and the manner in which it coordinates
activities and transfers resources among business units?
Corporate
Organizational
Divisional
Functional
13. Suboptimization occurs when
a division or functional unit views itself as a separate entity and
refuses to cooperate with other divisions or units to the detriment
of the organization as a whole
managers tend to focus more of their attentions on those aspects
which are measurable than on those which are not
there is a failure to produce at or near full capacity
individuals are placed into positions not suited to their abilities

should be a formalized and sophisticated system.

should encourage a clear delineation between top management
and lower-level managers.
should be instigated only from the main corporate office.
should be accomplished quickly to decrease the likelihood of it
becoming outdated.
21. The end result of activity is known as
measurement
performance
return on equity
gratuity
22. The hiring of new people with new skills, firing of people with
inappropriate or substandard skills, and/or training existing
employees to learn new skills are included the process of
training
structuring
staffing
operating

14. Who typically implements strategy in large, multi-industry

corporations?
Everyone in the organization
First level management
Middle management
The board of directors
15. Which strategy is developed to pull together the various
activities and competencies of each department so that corporate
and business unit performance improves and resource productivity
is maximized?
Competitive strategy
Functional strategy
Business strategy
Enterprise strategy
16. The process by which a firm approaches its cross-border
activities and those of competitors, and plans to approach them in
the future, is called
competitive strategy
staging
international strategy
cross-border configuration

23. The concept that proposes private corporations have

responsibilities to society that extend beyond making a profit is
known as
managerial responsibility
flexible responsibility
social flexibility
social responsibility
24. When a company determines a competencys competitive
advantage, Barney refers to this issue as
imitability
value
organization
rareness
25. One reason environmental uncertainty is a threat to strategic
managers is because
it forces the strategic manager to be reactive.
the strategic manager cannot control the environment.
it is a costly and consuming process.
it hampers their ability to develop long-range plans.

17. Continuous improvement is an operations concept developed in

Sweden
the United States
Germany
Japan
18. In a survey of 50 corporations, which of the following was
rated as a benefit of strategic management?
Higher levels of job satisfaction
Higher levels of employee motivation
Clearer sense of vision for the firm
Improved productivity

26. If performance data and activity reports indicate undesirable

performance as a result of inappropriate use of the strategic
management process, operational managers must
immediately notify the board of directors.
know about it so that they can correct the employee activity.
allow sufficient time to pass to verify if it is the process or just the
usage that is the problem.
change the strategic management model.
27. The relationship among the board of directors, top
management, and shareholders is referred to as
corporate synergy
corporate strategy
corporate governance
corporate management

19. The technique that illustrates how management can match the
external opportunities and threats with its strengths and
weaknesses to yield four sets of strategic alternatives is called a
(an)
EFAS Table
TOWS Matrix
SFAS Table
IFAS Table

28. Because of the belief that accounting-based numbers such as

ROI, ROE, and EPS are not reliable indicators of a corporations
economic value, which method of corporate performance is now
preferred?
Basic earning power
Shareholder value

20. Strategic planning in a multidivisional corporation

21

Profit margin on sales

Price/earnings ratio

concepts to solve business-related problems? Would business

decisions suffer without probability concepts? Explain.

29. According to Porter, the corporation is most concerned with

the amount of pressure from the societal environment
the aggregate level of demand for a product line
the intensity of competition within its industry
a markets position on its life cycle

3. Why is using Bayes theorem important to help answer

business-related questions? What does this theorem allow you to
do that traditional statistics do not? What are some prerequisites
for using Bayesian statistics?

Process steps Fast food

joint

30. The sum total of the activities and choices required for the
execution of a strategic plan is known as in
evaluation and control
environmental scanning
strategic formulation
strategy implementation

Choose a local business establishment, such as a car wash, fast

food, dry cleaner, or doctors office check-in.
Observe and document the process steps followed.
Write a 900 to 1,050-word analysis in which you:

Marketing Research Tools

Paper
Marketing Research Tools Paper
Write a 1,050 to 1,400-word paper in which you differentiate
among the research tools used in primary and secondary research.
In your paper, discuss the differences in primary and secondary
research when using qualitative and quantitative approaches and
indicate which tools are used for each approach and why.

MGT498 Signature
Assignment Environmental
Scan Paper
Signature Assignment: Environmental Scan Paper
Write a 1,050 to 1,400-word paper in which you research
two-three companies and do the following:
Evaluate the internal and external environments of each
company using an environmental scan.
Analyze the competitive advantage of each company
Evaluate the strategies each company uses to create value
and gain competitive advantage.
Examine the measurement guidelines each company uses to
verify its strategic effectiveness.
Evaluate the effectiveness of the measurement guidelines
that each company uses.

Statistics DQ
1.What is a frequency distribution? Go to
http://www.gutenberg.org/browse/scores/top and pick one of the
categories. What percentages, shown at the top of the page, were
the top five in that category of the total? If you were to graph the
top 100, what would the graph look like? What information does
this tell us if we wanted hard copies of these books to put on a
5-foot shelf in a store? Which books would we choose? What
happens if we sell them online instead?
2.As a manager, what are some benefits of applying probability

22

Explain the JIT philosophy.

Identify the customer expectations for the service and/or product.
Describe the production process steps observed.
Diagram a process flowchart.
Describe the standardized and non-standardized process steps.
State your opinion concerning the process. effectiveness,
efficiency, and measurements.
Make recommendations for improving the process.
Be sure to properly cite your sources.