Management Study Essay Example
Chapter I
1. The principal driver(s) of shareholder value is (are)
a. profitability.
b. profit growth.
c. market share.
d. profitability and profit growth.
e. all of these choices.
2. A competitive advantage is considered to be a sustained competitive advantage when the
a. advantage endures for a long time.
b. firm is able to spread the advantage to all of its business units.
c. advantage is very large.
d. advantage was gained at a low cost.
e. managers who developed the advantage are still employed at the firm.
3. Which of the following dimensions are encompassed by a company's business model?
a. Selecting customers
b. Defining and differentiating its product offerings
c. Determining how it will produce goods and services
d. Determining how it will grow the business over time
e. All of these choices.
4. The strategies that a company's managers pursue
a. have a major impact on the company's performance relative to its competitors.
b. have little or no effect on overall profitability.
c. typically result in higher per-unit cost of production.
d. result in significant industry structural changes.
e. none of these choices.
5. Within a diversified company, the responsibilities of corporate-level strategic managers include
a. translating the corporate mission statement into concrete strategies for individual business units.
b. closely supervising the formulation of strategies at the functional level that support the company's business- and corporate-level strategies.
c. allocating resources to functions within business units.
d. overseeing the development of strategies for the total organization and allocating resources among its different business areas.
e. identifying and establishing relationships with supplier firms.
6. Profit growth is best measured
a. by the increase in share price.
b. by the return on investment.
c. by the increase in net sales.
d. over time.
e. by increases in liquidity.
7. Functional managers
a. are responsible for the specific business
1. The principal driver(s) of shareholder value is (are)
a. profitability.
b. profit growth.
c. market share.
d. profitability and profit growth.
e. all of these choices.
2. A competitive advantage is considered to be a sustained competitive advantage when the
a. advantage endures for a long time.
b. firm is able to spread the advantage to all of its business units.
c. advantage is very large.
d. advantage was gained at a low cost.
e. managers who developed the advantage are still employed at the firm.
3. Which of the following dimensions are encompassed by a company's business model?
a. Selecting customers
b. Defining and differentiating its product offerings
c. Determining how it will produce goods and services
d. Determining how it will grow the business over time
e. All of these choices.
4. The strategies that a company's managers pursue
a. have a major impact on the company's performance relative to its competitors.
b. have little or no effect on overall profitability.
c. typically result in higher per-unit cost of production.
d. result in significant industry structural changes.
e. none of these choices.
5. Within a diversified company, the responsibilities of corporate-level strategic managers include
a. translating the corporate mission statement into concrete strategies for individual business units.
b. closely supervising the formulation of strategies at the functional level that support the company's business- and corporate-level strategies.
c. allocating resources to functions within business units.
d. overseeing the development of strategies for the total organization and allocating resources among its different business areas.
e. identifying and establishing relationships with supplier firms.
6. Profit growth is best measured
a. by the increase in share price.
b. by the return on investment.
c. by the increase in net sales.
d. over time.
e. by increases in liquidity.
7. Functional managers
a. are responsible for the specific business