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MGT/521 Week 2 Knowledge Check (12 out of 12 correct)

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Question;1. As a;process of self-examination during her senior year of college, Casey decides to;develop a SWOT analysis of her prospects relative to getting a job. Casey;realizes that she has a personal characteristic that suggests she is not;comfortable interacting with strangers. She interprets this as a(n) ________ if;she is to get a job as a salesperson.;A. threatB. strengthC. weaknessD. opportunity2.;Casey is looking for a new job. She decides to develop a SWOT analysis of the industries;she might want to work in. Casey majored in marketing and enjoyed studying;market research. Through her research on the Internet and in the University;Library, she learns that this industry is currently doing well. She interprets;this as a(n) ________.;A. weaknessB. threatC. strengthD. opportunity3. In;performing a SWOT analysis, which of the following would be considered as a;threat?;A. Lack of a strategic;planB. Increased product;demandC. CompetitorsD. Recognized brand4.;Strategic plans are usually ________.;A. short term;directional, and standingB. short term, specific;and standingC. long term;directional, and single useD. long term, specific;and standing5.;Operational plans are usually ________.;A. short term;directional, and standingB. short term, specific;and standingC. long term;directional, and single useD. long term, specific;and standing6. When;organizations think about entering a market, they may be concerned with how;unique their product might be. Which of Porter?s Five Forces would be relevant;in this case?;A. Threat of new;entrantsB. Bargaining power of;suppliersC. Current rivalryD. Threat of substitutes7.;involves defining the organization?s goals, establishing strategies;for achieving those goals, and developing plans to integrate and coordinate;work activities.;A. ExecutionB. LogisticsC. PlanningD. Operations8.;Goals are different from plans because ________.;A. goals identify;specific steps that the organization needs to achieve, and plans identify;the overall mission of the organizationB. goals describe;financial objectives, and plans describe objectives related to social;responsibilityC. goals are important;only for small companies, and plans are important only for large companiesD. goals are desired;outcomes, and plans describe how those outcomes will be accomplished9. Most;company goals can be classified as either ________ or ________.;A. operational, tacticalB. social, economicC. strategic, financialD. strategic, operational10. In;response to a natural disaster, which contingency factor will affect the choice;of plans?;A. Commitment conceptB. Environmental;uncertaintyC. Organizational levelD. Length of future;commitments11.;What technique would managers use when seeking to detect big trends and;changing market conditions?;A. BenchmarkingB. Formal planningC. Contingency planningD. Environmental;scanning12. The;commitment concept says that plans should ________.;A. be done for as long a;time period as possibleB. extend far enough to;meet those commitments made when the plans were developedC. be done for as short;a time period as possibleD. not commit to;specifically meeting the goals made when the plans were developed

 

Paper#52064 | Written in 18-Jul-2015

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