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| Section | Objectives |
|---|---|
| Topic 1: Operations and Quality Management | - Operations Management
|
| Topic 2: Strategic Planning and Management | - Strategic Vision, Mission, and Goals
|
| Topic 3: Business Ethics and Corporate Responsibility | - Corporate Responsibility
|
| Topic 4: Organizational Structure and Design | - Organizational Models
|
| Topic 5: Leadership and Management | - Communication and Teamwork
|
| Topic 6: Human Resource Management | - Workforce Management
|
1. The director of human resources for a start-up company is reviewing staffing needs and has discovered a labor deficit. How can the director use strategic human resource planning in this situation? Choose 1 answer
A) Implement employee conflict resolution system
B) Plan to reduce turnover through nonfinancial rewards
C) Establish strategic goals for improvement of manufacturing performance
D) Reconcile employee supply and demand
2. At a university, older tenured faculty cannot be terminated regardless of their competence. This has caused conflict with younger, nontenured faculty. What is the source of conflict between older and younger faculty members? Choose 1 answer
A) Structure
B) Differing ideals
C) Personal variables
D) Communication
3. What is the last step in strategic planning? Choose 1 answer
A) SWOT analysis
B) Goal setting
C) Strategic control
D) Strategy formulation
4. Which competitive force is reduced by the barriers provided by government policies, capital requirements, brand identification, and cost disadvantages? Choose 1 answer
A) Threat of customer power
B) Threat of substitutes
C) Threat of supplier power
D) Threat of new entrants
5. A computer manufacturer purchases the company that supplies computer chips for the company. Which type of corporate strategy is the company using? Choose 1 answer
A) Conglomerate diversification
B) Strategic alliance
C) Domain selection
D) Vertical integration
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: D |
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