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GMS 200 Final: Final Exam MCQ's-Practice

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erinmosquito696

23 Apr 2011

School

Ryerson University

Department

Global Management Studies

Course

Professor

Shavin Malhotra

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GMS 200 Full Course Notes

GMS 200 Full Course Notes

Document Summary

The two levels of culture in organizations are __________: strategic and operational, functional and dysfunctional, observable and core, core and environmental, rites and rituals. According to harvard scholar michael porter, the ultimate goal for any business should be. __________ is the worldwide interdependence of resource flows, product markets, and business competition that characterizes the new economy. The characteristics that are typically associated with entrepreneurs include all of the following. Except: a: high need for achievement. c, action orientation, self-confidence. Setting objectives and determining what should be done to accomplish them is the essence of the management function of __________: productivity improvement, controlling, leading, organizing, planning. Identifying the specific courses of action to be taken. Planning facilitates control by defining the objectives and __________. a: creating specialization among the workers. c, developing the human resources, motivating the workers. __________refer(s) to an organization"s basic reason for existence in society: core values, competitive advantage, strategic objectives, mission, strategic advantage.

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Related Questions

Checking the competitive advantage potential of cross-business strategic fit involves:

A) evaluating a diversified company's profitability relative to competitors.

B) examining a company's costs relative to the costs of its chief rivals in the industry.

C) determining if there are opportunities to exploit outsourcing opportunities by a diversified company's lineup of businesses.

D) considering what competitive value can be generated from a strategic fit.

E) evaluating how much benefit a diversified company can gain from cross-business value chain matchups and resource sharing.

The two biggest drawbacks or disadvantages of unrelated diversification are

A)underemphasizing the importance of resource fit and the strong likelihood of diversifying into businesses that top management does not know all that much about.

B)insufficient cash flows to finance so many different lines of business and a lack of uniformity among the strategies of the businesses it has diversified into.

C)volatile sales and profits and making the mistake of diversifying into too many cash cow businesses.

D)the difficulties of competently managing many different businesses and being without the added source of competitive advantage that cross-business strategic fit provides.

E)over-investing in the achievement of economies of scope and the difficulties of achieving a good mix of cash cow and cash hog businesses.

carmineserval589

Which of the following statements is true of business ethics?

a)All business actions deemed unethical by society are necessarily illegal.

b)Business ethics and personal ethics are synonymous.

c)The acceptability of behavior in business is determined by not only an organization but also its stakeholders.

d)Business ethics is independent of an organizational culture.

e)Profit in business is the only glue that holds relationships together.