MGT 521 FINAL EXAM STUDY GUIDE

Jun 28th, 2016
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1) When a manager makes use of a SWOT analysis, one of his or her objectives is to A. identify the best employees to fill each position in the organization B. formulate appropriate strategies to exploit strengths, protect against threats, and correct weaknesses C. set specific short-term performance standards for each department D. evaluate the desirability of issuing stocks or bonds in the current financial climate 2) A company that wants to distinguish itself from the competition in the marketplace is most likely using which of the following strategies? A. Focus strategy B. Differentiation strategy C. Functional strategy D. Generic strategy 3) An organization’s ________ goals are official statements of what an organization says its goals are. A. stated B. real C. implicit D. synthetic 4) When planning for unexpected events, a company is using which of the following techniques? A. SWOT analysis B. Benchmarking C. Contingency planning D. Financial forecasting 5)

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MGT 521 FINAL EXAM STUDY GUIDE1) When a manager makes use of a SWOT analysis, one of his or her objectives is toA. identify the best employees to fill each position in the organizationB. formulate appropriate strategies to exploit strengths, protect against threats, and correctweaknessesC. set specific short-term performance standards for each departmentD. evaluate the desirability of issuing stocks or bonds in the current financial climate2) A company that wants to distinguish itself from the competition in the marketplace is mostlikely using which of the following strategies?A. Focus strategyB. Differentiation strategyC. Functional strategyD. Generic strategy3) An organizations ________ goals are official statements of what an organization says itsgoals are.A. statedB. realC. implicitD. synthetic4) When planning for unexpected events, a company is using which of the followingtechniques?A. SWOT analysisB. BenchmarkingC. Contingency planningD. Financial forecasting5) The ________ determines the number of levels and managers in an organization.A. delegation of authorityB. unity of commandC. chain of commandD. span of control6) Which of the following is a characteristic of an organic organization?A. High specializationB. Cross-functional teamsC. Rigid departmentalizationD. Narrow span of controls7) Which of the following is a characteristic of a matrix organization?A. It conforms to the unity of command principle.B. It has a single chai

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