Strategy
Values are:
a. What you do
b. what you aspire to be
c. what you stand for
d. who you are
c. what you stand for
Which of the following is not a driver of organizational culture?
a. industry and business environment
b. data analytics
c. national culture
d. founder's values
b. data analytics
The A in SMART goals stands for:
a. Accessible
b. Attainable
c. Anonymous
d. Appropriate
b. attainable
Which acronym represents professional development services at Fox?
a. DPSC
b. PSD
c. CAPD
d. CSPD
d. CSPD
A grand strategy that involves reduction in the organization’s efforts is called
a. stability strategy
b. growth strategy
c. benchmarking strategy
d. defensive strategy
d. defensive strategy
Person-organization fit is:
a. The extent to which you like working for the organization
b. The way you fit in socially with your co-workers
c. The extent to which your personality and values match the culture of the organization
d. The process by which you learn organizational norms, values, and required behaviors
c. The extent to which your personality and values match the culture of the organization
A __________ is a document that outlines a proposed firm’s goals, the strategy for achieving them, and the standards for measuring success.
a. mission statement
b. business plan
c. strategic plan
d. business model
b. business plan
About how much time will you spend at work over the course of your life?
a. 1/3
b. 1/5
c. 1/4
d. 1/2
a. 1/3
Which level of strategy focuses on the individual business units of product/service lines?
a. functional level strategy
b. business level strategy
c. corporate level strategy
d. center level strategy
b. business level strategy
Which of the following is not one of the ways that employees learn culture?
a. organizational socialization
b. heroes
c. rites and rituals
d. company media
d. company media
Middle management is responsible for which type of planning?
a. environmental planning
b. operational planning
c. tactical planning
d. strategic planning
c. tactical planning
Which of the following is not one of the three core processes of business?
a. values
b. people
c. operations
d. strategy
a. values
In the BCG Matrix, these businesses have slow growth but high market share:
a. question marks
b. stars
c. dogs
d. cash cows
d. cash cows
Which type of culture has a strong internal focus and values flexibility and discretion?
a. Clan
b. Market
c. Hierarchy
d. Adhocracy
a. clan
This type of plan defines the tactics needed to achieve a stated goal:
a. operating plan
b. strategic plan
c. operating plan
d. action plan
d. action plan
Goals that can be linked consistently down through the organization are called
a. SMART goals
b. functional goals
c. strategic goals
d. cascading goals
Which of Porter’s Four competitive strategies involves keeping the costs of a product below those of competitors and targeting a narrow market?
a. cost focus strategy
b. cost leadership strategy
c. focused differentiation strategy
d. Differentiation strategy
a. cost focus strategy
Which is not a characteristic of a flat organization?
a. centralized
b. nimble
c. hard to replicate
d. decisions made at lower levels
a. centralized
In Management by Objectives, this type of objective focuses on expressing the objective as an outcome or end result:
a. Performance objective
b. Behavioral objective
c. Learning objective
d. Benchmark objective
a. performance objective
How many tactics per strategy are commonly included in a strategic plan?
a. 2
b. 6
c. 4
d. 3
d. 3