Practice Quiz

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16. Which of the following failures is common in companies that are barely keeping up with their day-to-day functions?
  1. The failure to reevaluate strategic aims.
  2. The failure to question basic assumptions about the business environment.
  3. The failure to analyze its own operations objectively.
  4. All of the above
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17. Which of the following is not involved in the “management by walking around” strategy?
  1. Wander through the company without a specific plan.
  2. Have specific questions that need to be answered by specific people.
  3. Let other people guide conversations.
  4. Be open to new ideas and don’t be argumentative.
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18. What should be the relationship between a corporate strategy and corporate structure?
  1. Structure should be designed to implement strategy.
  2. Strategy should be designed with the structure in mind.
  3. Strategy and structure should be developed independently.
  4. There is no relation because strategy changes more often than structure.
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19. Which of the following is an advantage of the holding company corporate structure?
  1. It reduces overhead and personnel costs because the corporate office is small.
  2. Executives have a great deal of control over daily operations.
  3. Executives are aware of decisions made at every level of the company.
  4. Integration between divisions increases efficiency and reduces costs.
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20. Which of the following is a strategic risk associated with outsourcing?
  1. Loss of non-vital skills
  2. Loss of critical skills
  3. Reduced personnel cost
  4. Decreased personnel flexibility
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