115 test bank for management leading and collaborating in a competitive world 10th edition bateman

The threat of new entrants for either type of oven is high.. The threat of competitive rivalry for either type of oven is high.. The threat of substitutes for either type of oven is high

115 Test Bank for Management Leading and

Collaborating in a Competitive World 10th Edition

Bateman

Multiple Choice Questions - Page 1

Of the following, which produces the highest barrier to

available janitorial services do not provide security checks,

so the bank would have to hire guards to watch the janitors This expense effectively limits the bank to ProKleen's

services This illustrates the concept of

1 A High employment costs.

2 B Unfavorable supplier status.

3 C Favorable quality status.

4 D Complementary products.

5 E High switching costs.

Hospitals and universities are very expensive to run not only due to the capital equipment that is required for each, but also due to the personnel such as specialized medical

doctors and researchers The cost of these types of

institutions is an example of

1 A Enhancing barriers to entry.

2 B Eliminating protectionism.

3 C Unfair competition.

4 D Enhancing trade protectionism.

5 E Eliminating barriers to entry.

Conditions that may prevent new firms from entering an industry (e.g., the use of patents) are referred to as

5 E All of these would be considered consumers.

Interest rates, inflation, the federal deficit, and

unemployment levels are all elements in which aspect of the macroenvironment?

1 A The social environment.

2 B The demographic environment.

3 C The international environment.

4 D The regulatory environment.

5 E The economic environment.

Armando was recently hired as the workplace safety

compliance officer at Preston Mining Company Armando will have the responsibility to monitor regulations from which of these government agencies?

The economy is a crucial component of the

macroenvironment Which of the following statements is most true about economic macro effects?

1 A The impact of changes in the economy is predictable to competitors.

2 B There are complex interconnections among the economies of different countries.

3 C Changes in the economy are impossible to quantify.

4 D High-level managers have little awareness of economic indicators.

5 E The economy has no macro effects on managers.

New methods of communication, production, and even the development of entire new industries are the results of the changes in

1 A Demographics.

2 B Societal preferences.

3 C Politics.

4 D Technology.

5 E The economy.

Managers with ready access to information

1 A Increase costs.

2 B Are able to manage and communicate more effectively.

3 C Are in danger of losing power to rivals or suppliers.

4 D Decrease their span of control.

5 E Always increase sales.

Organizations that are affected by and that affect their

environment are called

A low-cost airline described as one of the excellent

companies in the bestseller of the early 1980s, In Search of Excellence, is no longer in business Industry analysts state that although the service and prices provided by the airline were what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an

aggressive price war This scenario is illustrative of which aspect of the competitive environment?

Management of the network of facilities and people that obtains materials from the outside, transforms them into products, and distributes the products to customers is

5 E Supply chain management.

Using international bribery as a business tactic may result in fines for U.S firms This statement reflects which type of environmental force at work?

Ranier Outdoor Clothing managers engage in an annual organizational assessment, trying to predict industry

changes as well as possible opportunities and threats They look at issues such as who their competitors are, current entry barriers, and what substitutes exist for their products This assessment is called

appliances Oven technology has not advanced much lately and industry profits are flat Based on this information,

1 A The threat of new entrants for either type of oven is high.

2 B The threat of competitive rivalry for either type of oven is high.

3 C The threat of new entrants for either type of oven is low.

4 D The threat of substitutes for either type of oven is high.

5 E The regulatory influence on these ovens is high and changing.

A narrative that describes a particular set of future

conditions for a business is called

Organizations must acquire a variety of resources in order to produce a product or service of value These resources may include materials, equipment, financing, or even employees The sources that provide these various resources are

available year-round even in northern climates This

provides grocers an opportunity to reduce shipping costs while at the same time offering fresher produce to

customers These advances are an example of changes in the

1 A Hand sanitizer for soap.

2 B Ink cartridges for printers.

3 C Mops for detergent.

4 D iTunes for iPods.

5 E Furniture for apartments.

Liz, a new manager at Stamford Soft, has been asked to focus on the competitive environment of the organization Which of these factors is among those on which Liz should focus?

Farley Roofing provides subcontracting services to

residential construction firms There are many firms in the marketplace like Farley, which does about 85 percent of its work for Beltway Builders Beltway typically negotiates

heavily with its subcontractors, which ultimately reduces Farley's profits This situation is indicative of the high

5 E New construction companies.

A company that is concerned with the quantity and quality of resources available for its business processes will

investigate which factor in the macroenvironment?

1 A The natural environment.

2 B The social environment.

3 C The demographic environment.

4 D The regulatory environment.

5 E The economic environment.

The SEC recently proposed regulations requiring companies

to disclose more details about executive compensation This illustrates an important interaction between organizations and their relevant

Which of the following statements about workforce

demographics is true?

1 A Training of entry-level workers is not needed in today's modern workplace.

2 B Workforce demographics have little to do with human resource strategies.

3 C Older, experienced workers are likely to be relatively scarce over the next five years.

4 D Population growth influences the size and composition of the labor force.

5 E Technical tasks can be sent overseas to be accomplished, but companies usually then have to pay more for labor.

trends regarding how people think and behave have major implications for management of the labor force, corporate social actions, and strategic decisions about

products and markets

Which of the following is a competitor that a mass

merchandiser like Target must identify and anticipate the actions of?

1 A Consumer advocacy groups.

2 B Mass merchandiser suppliers.

3 C Wholesale outlets like Sam's or Costco.

4 D Companies entering new markets.

5 E All of these are potential competitors.

A firm's current competition, suppliers, customers, and the threat of new entrants or of substitutes are all elements in the

1 A Task environment.

2 B Peters model for organizational excellence.

3 C Microenvironment.

4 D Porter model for competitive analysis.

4 D Product and industry stability.

5 E An incrementally changing environment.

The main difference between a final consumer and an

intermediate consumer is that

1 A The final consumer usually pays cash for the purchase, whereas the

intermediate customer uses a credit arrangement.

2 B An intermediate consumer will utilize the purchase in order to sell its

product/service to final consumers, whereas a final consumer uses the product herself.

3 C Final consumers purchase more (in dollar value) than do intermediate

consumers.

4 D Intermediate consumers are usually more flexible in their product requirements and scheduling than final consumers.

5 E Final consumers have more bargaining power than intermediate consumers.

Fixed costs buyers face if they change suppliers are called

Walmart recently engaged Amazon.com in a price war,

offering best-selling books for first $10, then $9; and now Target has jumped into the war with best sellers for $8.98 This scenario is an example of which aspect of the

Measures of various characteristics of the people who make

up groups or other social units are called

The competitive environment consists of

1 A The firm and its rivals, suppliers, customers (buyers), new entrants, and substitute or complementary products.

2 B Only those organizations on which the focal organization to provide supplies and materials.

3 C The workers of the organizations that complete the organization's activities.

4 D The organizations that hold the firm accountable to their stakeholders.

5 E The broader influences that affect a firm's competitive advantage.

Which of the following is an element of Porter's model for analyzing the competitive environment?

1 A Substitutes and complements.

2 B Cost strategy.

3 C Potential customers.

4 D Regulatory forces.

5 E SBU strategy.

79 Free Test Bank for Management Leading and

Collaborating in a Competitive World 10th Edition

Bateman Multiple Choice Questions - Page 2

If an organization's culture is internally oriented and flexible and tends to be based on the values and norms associated with affiliation, it could best be described as _,

according to the competing values model

Which of the following is TRUE about using forecasts?

1 A Multiple forecasts are best, and their predictions can be averaged.

2 B Forecasts become more accurate the further into the future you predict.

3 C Forecasts improve the data used to construct them.

4 D The more complex the forecast, the more carefully the math is designed, and the more accurate the forecast becomes.

5 E Unexpected events require a company to stick to the forecast.

Which of the following statements about organizational

culture is TRUE?

1 A Corporate mission statements are always a true expression of culture.

2 B Who is hired and fired and why indicate the firm's real value and are a clue to the culture.

3 C A strong culture is a flexible culture so it can adapt quickly to environmental changes.

4 D The competing values model of culture includes the "individual" type of culture.

5 E It is unnecessary to consider culture when considering a merger.

Alyssa owns Carver Gifts, and she is projecting that the economy will rebound this fall She ordered additional

holiday gift merchandise in February in anticipation of the surge in sales that the holiday season usually but not always brings to her retail store Here Alyssa is using to

be sure she has enough gifts for those extra holiday

5 E adapting at the core.

Quartermaine University has just formed a board of trustees and invited 25 of its wealthiest alumni to join In this example

Which of the following scenarios would be the most

favorable to an existing firm in the industry according to the Porter model of the competitive environment?

1 A Many competitors, few entry barriers, and few customers.

2 B Many competitors, high threat of entry, many customers.

3 C Few entry barriers, many substitutes, many customers.

4 D High industry growth, many barriers to entry, customers have low bargaining power.

5 E Low industry growth, few barriers to entry, suppliers have low bargaining power.

The growth of contingent workers in the U.S labor force due

to unpredictable labor demand is an illustration of

1 A Adapting at the core.

2 B Flexible processes.

3 C Buffering.

4 D Smoothing.

5 E Empowerment.

Attitude and behavior patterns that shape people's

experience of an organization are

1 A The professional culture.

2 B The organization climate.

3 C The industrial environment.

4 D A closed system.

5 E An open system.

To improve customer service in its overseas call center, Jansen Electronics decided to investigate the call center practices of competing companies The team discovered that

a smaller company, Gorilla Devices Inc., seemed to have outstanding customer service The team then determined differences between the organizations and developed a plan

to incorporate the best elements of Gorilla into Jansen This illustrates effective

_ means identifying the best-in-class

performance by a company in your area and then comparing your processes to theirs

In determining how interest rates will change in the future, a manager would use

Creating supplies of excess resources in case of

unpredictable needs is called

1 A Just-in-time inventory management.

1 A The way people interact with each other and with customers.

2 B Information printed in the media from sources outside the company.

3 C The macroenvironment.

4 D Environmental scanning.

5 E The industrial environment.

The two dimensions upon which the competing values

model of culture is defined are

1 A Flexibility vs control AND internal vs external focus of the organization.

2 B Levels of hierarchy vs levels of empowerment.

3 C Leadership type vs levels of hierarchy.

4 D Degree of environmental scanning vs level of empowerment.

5 E Level of environmental scanning vs level of environmental influence.

Domain selection, diversification, mergers/acquisitions, and divestiture are all examples of

1 A Illegal boundary management.

2 B Maneuvering the competition.

The process of sharing power with employees is called

The two types of proactive strategies for influencing an

organization's environment include

1 A Dependent strategies and independent strategies.

2 B Independent action and cooperative action.

3 C Cooperative strategies and strategic maneuvering.

4 D Strategic maneuvering and dependent strategies.

5 E Independent action and strategic maneuvering.

Candace recently stepped into a managerial role at her very bureaucratic organization The industry had been changing dramatically, and Candace suggested that the management team encourage employees to develop more confidence by sharing power with them in order to create a more flexible, adaptable organization Here Candace is suggesting the use

4 D Divestiture

5 E A merger

A(n) culture is one in which everyone

understands and believes in the firm's goals, priorities, and practices

Which of the following approaches is effective for top

management to use to manage the positive corporate culture effectively?

1 A Executives must not give too much attention to the mundane details of daily affairs.

2 B Executives must allow the organization to develop lofty ideas and visions for the company, and then it is up to others in the organization to follow through on these ideas and visions.

3 C CEOs and other executives should always make choices that contribute to profit even if this means not quite living up to the company's values.

4 D Hire and promote employees on the basis of the organization's corporate values.

5 E All of these are effective to manage the corporate culture.

The National Bicycle Industrial Company (NBIC) of Japan specializes in mass customization Customers can choose the frame and other parts of the bicycle and it is made to their order This is one example of how NBIC uses