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Question
State the main causes of small business failures.Answer
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Related questions
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Distinguish between a competitive advantage and a sustainable competitive advantage.
Q:
How does a differentiation strategy help in gaining competitive advantage?
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__________ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of a firm's goals.
Q:
According to the BCG Matrix, __________ produce large profits and a strong cash flow, but with little upside potential.
Q:
The advantage of growth through concentration is that you are growing in an area that you know and, presumably, have expertise.
Q:
Which of the following is NOT indicative of a question mark in the BCG matrix?
a) Do not generate much profit
b) Low market shares, high-growth market
c) High market shares, low-growth market
d) Difficult for strategic decision making
Q:
Strategic management includes strategy __________ and strategy __________.
a) negotiation; implementation
b) implementation; direction
c) formulation; implementation
d) formulation; review
Q:
The electronic version of the basic retail strategy of selling directly to customers is known as a __________.
a) C2B business strategy
b) B2C business strategy
c) B2G business strategy
d) B2B business strategy
Q:
A __________ views the world as one market and uses standardized products and advertising worldwide.
a) multidomestic strategy
b) globalization strategy
c) diversification strategy
d) transnational strategy
Q:
The process of taking a new idea and putting it into practice is called __________.
a) production
b) innovation
c) creativity
d) brainstorming
Q:
The __________ of an organization is reflected in how people dress at work, arrange their offices, and speak to and behave toward one another in the organization.
a) functional culture
b) observable culture
c) underground culture
d) core culture
Q:
Describe some common alternate work schedules employed by modern organizations. List the advantages of each.
Q:
Describe a functional structure and some of its important advantages and disadvantages.
Q:
The three types of divisional structures are geographical structures, customer structures, and functional structures.
Q:
At AZN Media Inc., each job is split between at least two people. This scenario illustrates:
a) job enlargement.
b) job enrichment.
c) job sharing.
d) teamwork.
Q:
__________ allows a worker to complete a full-time job in less than five days.
a) A flexible working hours policy
b) A compressed workweek
c) Job sharing
d) Telecommuting
Q:
__________ are adaptive, using a decentralized and horizontal structure.
a) Classical designs
b) Mechanistic designs
c) Bureaucracies designs
d) Organic designs
Q:
A classical management principle says authority should equal responsibility when:
a) delegating work to a subordinate.
b) centralizing organizational decisions.
c) empowering subordinate employees.
d) employing strategic alliances.
Q:
Span of control refers to:
a) the power a manager has over all employees.
b) the number of employees directly reporting to a manager.
c) the area in which a manager supervises.
d) the number of top level managers a middle manager must report to.
Q:
Who among the following is responsible for a cross-functional team member's performance appraisal in a matrix structure?
a) The functional supervisor
b) The project manager
c) Both the functional supervisor and the team leader
d) The general manager
Q:
Big Money Bank has several branches that are headed by branch managers. The loan manager, investments manager, operations manager, and trust manager in each branch report directly to the branch manager. This scenario is an example of a __________.a) dysfunctional structureb) matrix structurec) network structured) product structure
Q:
The process of grouping together people and jobs into work units is called __________.
a) breakeven analysis
b) relationship management
c) socialization
d) departmentalization
Q:
The network of unofficial relationships among an organization's members is called the __________.
a) informal structure
b) planned structure
c) formal structure
d) industrial structure
Q:
Organization charts provide all of the following EXCEPT:
a) a clear division of work.
b) diagrams of reporting relationships among employees.
c) job titles of employees.
d) unofficial relationships among employees.
Q:
Name the five forces identified by Porter's five forces model and describe their relation to an organization's internal and external environments.
Q:
Millennials are individuals born between what years?
a) 1950-1960
b) 1982-1996
c) 1940-1949
d) 1961-1972
Q:
Based on logic, order, and legitimate authority, a rational and efficient form of organization according to Max Weber, is a(n)
a) learning organization.
b) adhocracy.
c) government agency.
d) bureaucracy.
Q:
Which management emphasized careful selection and training of workers and supervisory support?
a) Scientific
b) Behavioral
c) Contingency
d) Autocratic
Q:
__________ is the extent to which an individual's values, interests, and behaviors are consistent with the culture of an organization.
a) Person-job fit
b) Person-organization fit
c) Recruitment
d) Job satisfaction
Q:
Who among the following isleast likely to be protected by federal laws that guarantee equal opportunity?
a) An applicant from a minority community
b) A 40-year-old worker
c) A job applicant who drinks
d) A pregnant worker