Study Guides (256,443)
CA (124,652)
Ryerson (8,676)
GMS (542)
GMS 200 (309)
Final

Final Exam MCQ's-Practice

6 Pages
434 Views

Department
Global Management Studies
Course Code
GMS 200
Professor
Shavin Malhotra

This preview shows pages 1-2. Sign up to view the full 6 pages of the document.
PRACTICE QUESTIONS WITH ANSWERS
1.The key result of achieving a competitive advantage is __________.
A.An ability to sidestep government regulations.
B.An ability to consistently do something of high value which ones competitors cannot
replicate quickly or do as well.
C.An ability to drive the competition out of business and to make extraordinarily high profits.
D.An ability to establish a monopolistic market position.
E.An ability to dictate consumer needs and preferences.
B
2. The two levels of culture in organizations are __________.
A.Strategic and operational.
B.Functional and dysfunctional.
C.Observable and core.
D.Core and environmental.
E.Rites and rituals.
C
3. According to Harvard scholar Michael Porter, the ultimate goal for any business should be
__________.
A.Maximum wealth creation.
B.Maximum market share.
C.Superior profitability.
D.Industry domination.
E.Total customer satisfaction.
C
4. __________ is the worldwide interdependence of resource flows, product markets, and business
competition that characterizes the new economy.
A.Economic internationalization.
B.International management.
C.Globalization.
D.World interdependence.
E.Cross-cultural business.
C
5. The characteristics that are typically associated with entrepreneurs include all of the following
EXCEPT:
a.Internal locus of control.
b. High need for achievement.
c.Intolerance for ambiguity.
d. Action orientation.
e.Self-confidence.
C
www.notesolution.com
6. Setting objectives and determining what should be done to accomplish them is the essence of the
management function of __________.
a.Productivity improvement.
b. Controlling.
c.Leading.
d. Organizing.
e.Planning.
E
7. Planning facilitates control by defining the objectives and __________.
a.Identifying the specific courses of action to be taken.
b. Creating specialization among the workers.
c.Improving organizational structures.
d. Developing the human resources.
e.Motivating the workers.
A
8. The purpose of controlling is to __________.
a.Motivate employees to work overtime hours.
b. Make sure plans are achieved and that actual performance meets or surpasses objectives.
c.Define a plan of action for the organization.
d. Coordinate resources and task performance.
e.Develop a hierarchy of objectives for lower-level managers.
B
9. A comprehensive plan of action that identifies long-term direction for an organization and guides
resource utilization to accomplish an organization’s goals with sustainable competitive advantage
is known as the __________.
a.Operating philosophy.
b. Strategy.
c.Planning objectives.
d. Operating objectives.
e.Official objectives.
B
10. __________refer(s) to an organization’s basic reason for existence in society.
a.Core values.
b. Competitive advantage.
c.Strategic objectives.
d. Mission.
e.Strategic advantage.
D
11. A(n) ____________ involves an assessment of organizational strengths and weaknesses as well
as environmental opportunities and threats.
a.Organizational objectives analysis.
b. SWOT analysis.
www.notesolution.com

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
PRACTICE QUESTIONS WITH ANSWERS 1. The key result of achieving a competitive advantage is __________. A. An ability to sidestep government regulations. B. An ability to consistently do something of high value which ones competitors cannot replicate quickly or do as well. C. An ability to drive the competition out of business and to make extraordinarily high profits. D. An ability to establish a monopolistic market position. E. An ability to dictate consumer needs and preferences. B 2. The two levels of culture in organizations are __________. A. Strategic and operational. B. Functional and dysfunctional. C. Observable and core. D. Core and environmental. E. Rites and rituals. C 3. According to Harvard scholar Michael Porter, the ultimate goal for any business should be __________. A. Maximum wealth creation. B. Maximum market share. C. Superior profitability. D. Industry domination. E. Total customer satisfaction. C 4. __________ is the worldwide interdependence of resource flows, product markets, and business competition that characterizes the new economy. A. Economic internationalization. B. International management. C. Globalization. D. World interdependence. E. Cross-cultural business. C 5. The characteristics that are typically associated with entrepreneurs include all of the following EXCEPT: a. Internal locus of control. b. High need for achievement. c. Intolerance for ambiguity. d. Action orientation. e. Self-confidence. C www.notesolution.com
More Less
Unlock Document


Only pages 1-2 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit