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Management Concepts Quiz

Total questions: 111

Worksheet time: 56mins

Name
Class
Date
1.

Which of the following statements is true about the contingency perspective?

a)

It states that the organizations which are not influenced by their external environments tend to be more successful than others.

b)

It states that effective managerial behavior in one situation cannot always be generalized to other situations.

c)

It states that all employees tend to perform better when they are promised higher incentives.

d)

It states that the behavior of employees at work is not influenced by social processes.

2.

As a process, leadership can be defined as:

a)

the practice of empowering employees to participate in organizational decision making.

b)

the set of characteristics attributed to individuals who are perceived to be leaders.

c)

The use of noncoercive influence to shape an organization's goals.

d)

the ability to assess business process performance.

e)

the ability to adjust to and understand the changes in a workplace.

3.

The needs for achievement, affiliation, and power are referred to as

a)

Security

b)

Manifest

c)

Physiological

d)

Esteem

e)

Hygiene

4.

In its simplest form, _____ means setting an organization's goals and deciding how best to achieve them.

a)

coordinating

b)

Leading

c)

Organizing

d)

Controlling

e)

Planning

5.

The first step in rational decision making is _____.

a)

identifying alternatives

b)

implementing an alternative

c)

selecting the best alternative

d)

recognizing and defining the decision situation

e)

evaluating alternatives

6.

At Gamma Inc., there are separate departments of employees who specialize in sales, service maintenance, customer service, and accounting. What form of departmentalization does Gamma use?

a)

Functional departmentalization

b)

Product departmentalization

c)

Location departmentalization

d)

Customer departmentalization

7.

___ used to determine individual performance, can be challenging for a manager to impart in an employee

a)

Ability

b)

Motivation

c)

Work environment

d)

Skills

e)

Needs

8.

Job ________________ attempts to increase both the number of tasks a worker does and the control the worker has over the job.

a)

Enlargement

b)

Rotation

c)

Enrichment

d)

specialization.

9.

_____________ strategy is the set of strategic alternatives from which an organization chooses as it manages its operations simultaneously across several industries and several markets.

a)

Corporate-level

b)

Business-level

c)

Operational-level

d)

Divestiture.

10.

_____ argues that behavior that results in rewarding consequences is likely to be repeated, whereas behavior that results in punishing consequences is less likely to be repeated

a)

Equity theory

b)

Reinforcement theory

c)

Two-factor theory

d)

Maslow's hierarchy

e)

Expectancy theory

11.

Once a licensing agreement is agreed to, the licensee pays a(n) _____ in return.

a)

interest

b)

royalty

c)

remuneration

d)

tariff

e)

reward

12.

_____ work in areas like new product development, promotion, and distribution.

a)

Human resource

b)

Marketing

c)

Plant

d)

Operations

13.

ProDairy Inc reduced the prices of its products to combat competitors that were selling dairy products at lower prices. This scenario illustrates a force for change present in the ___ of an organization.

a)

task environment

b)

supply chain

c)

internal environment

d)

demographic environment

14.

Which of the following reinforcement methods can be used to weaken behaviors?

a)

Recognition

b)

Avoidance

c)

Extinction

d)

Participation

e)

Pay raises.

15.

Within operations, managerial control ensures

a)

the goal of low product reliability.

b)

the goal of high unit production cost.

c)

lowest possible cost regardless of quality.

d)

that resources and activities achieve primary goals.

e)

highest quality regardless of cost

16.

The __ environment of an organization includes all the values, symbols, beliefs, and language that guide behavior

a)

Task

b)

General

c)

Physical work

d)

Cultural.

17.

Which of the following strategies can help companies during the maturity stage of a product life cycle?

a)

Manufacturing products in small quantities intermittently than in bulk

b)

Drastically increasing product prices

c)

Focusing on keeping costs low

d)

Sacrificing the quality of products

e)

Focusing more on strategies to slow the entry of competitors

18.

In _____, the output of one unit becomes the input for another in a serial fashion.

a)

pooled interdependence

b)

sequential interdependence

c)

structural interdependence

d)

total interdependence

e)

reciprocal interdependence

19.

Jimmy owns an ice cream parlor. He designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. According to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. Jimmy is using the _____ approach at his ice cream parlor.

a)

job enrichment

b)

job enlargement

c)

job rotation

d)

job deskilling

e)

job specialization

20.

The normal process within an organization that leads to a system decline is known as _____.

a)

reengineering

b)

synergy

c)

process gain

d)

innovation

e)

entropy

21.

Amelia believes that if she tries hard to eliminate distractions and concentrate on her work, she will learn to do her job more efficiently. Amelia has:

a)

low effort-to-performance expectancy.

b)

moderate performance-to-outcome expectancy.

c)

low performance-to-outcome expectancy.

d)

high effort-to-performance expectancy.

e)

moderate effort-to-performance expectancy.

22.

At Delta Corp. the manufacturing and design department frequently consults with the research and development department and the marketing and sales department regularly interacts with the manufacturing and design department. This scenario illustrates _____ at Delta.

a)

coordination

b)

delegation

c)

job rotation

d)

job specialization

23.

PDC Industries wants to move away from a job specialization approach. For one of its product lines, it has given the group the responsibility to design the work system to be used, including assigning tasks and monitoring and controlling its own performance. What approach is this?

a)

Job rotation

b)

Work teams

c)

Functional departmentalization

d)

Job enlargement

24.

SuperWheels is a large firm that manufactures bicycles. The company sells a line of mountain bikes targeted at experienced off-road bikers. SuperWheels has introduced several innovations to set its bikes off from those of its competitors. Which of the following strategies is illustrated in the scenario?

a)

Overall cost leadership strategy

b)

Differentiation strategy

c)

Focus strategy with differentiation focus

d)

Focus strategy with cost leadership focus

e)

Cost leadership strategy with differentiation focus

25.

A news producer has the authority to choose which reporter will get to cover important news items and which reporter will cover trivial news items. The news producer uses this authority to recognize the hard work of reporters. Which of the following types of power is the producer using in this case?

a)

Referent

b)

Reward

c)

Legitimate

d)

Coercive

26.

When a manager writes an email to his employees that provides details about the upcoming annual company picnic, he is most likely to be using his ____ skills.

a)

communication

b)

Technical

c)

Conceptual

d)

Interpersonal

27.

One of the reasons Steve Jobs was very successful at Apple was his charisma. From this observation, we can infer that he had _____ power.

a)

referent

b)

reward

c)

legitimate

d)

coercive

e)

expert

28.

_____ can be defined as a set of activities directed at an organization's resources, with the aim of achieving organizational goals in an efficient and effective manner.

a)

Economics

b)

A theory

c)

Management

d)

Self-dealing

e)

Divestment

29.

_____ is used by managers to weaken undesired behaviors by creating unpleasant consequences.

a)

Recognition

b)

Extinction

c)

Avoidance

d)

Punishment

e)

Incentive

30.

Which of the following statements best reflects contemporary management trends?

a)

More and more organizations are using quality as a basis for competition.

b)

The service sector of the economy has steadily declined.

c)

Younger people entering the workforce over the past 20 to 30 years are more devoted to work and more willing to adapt.

d)

The emphasis on business ethics has declined.

e)

The emphasis on management of diversity has declined.

31.

_____ make decisions about activities such as investing in research and development (R&D) and entering or abandoning various markets.

a)

Division heads

b)

Limited partners

c)

First-line managers

d)

Middle managers

e)

Top managers

32.

Determining how a company's activities and resources are to be grouped is called _____.

a)

leading

b)

controlling

c)

deskilling

d)

planning

e)

organizing

33.

A(n) _______________ is an operational plan that is developed to carry out a course of action that is not likely to be repeated in the future.

a)

Policy

b)

standing plan

c)

rule or regulation

d)

single-use plan.

34.

Which of the following statements about top managers is true?

a)

They are the largest group of managers in most organizations.

b)

They officially represent their organization to the external environment.

c)

They primarily oversee the day-to-day operations of an organization.

d)

They supervise and coordinate the activities of first-line managers.

e)

They supervise and coordinate the activities of operating employees.

35.

Sales are down, and Francis knows he needs to make some changes to reverse the trend a sales up to the previous level, but actually increase them by 5% over last year. He is now try whether the downturn was caused by poor customer service, poor quality product, improper other factor. Which step has Francis reached in the comprehensive approach to change?

a)

Recognizing the need for change

b)

Implementing the change

c)

Setting goals for the change

d)

Selecting a change technique

e)

Diagnosing relevant variables.

36.

Many businesses that use an H-form or M-form organization design have several people in the specialized managerial position of ___ one for the corporation and one for each division.

a)

Supervisor

b)

Inspector

c)

Controller

d)

quality tester

37.

____________________ managers work in areas such as new product development, promotion, and distribution

a)

Human resources

b)

Marketing

c)

Plant

d)

Operations

38.

Housing, clothing, and job security would all be included in which of Maslow's need categories?

a)

Security

b)

Physiological

c)

Belongingness

d)

Self-actualization

e)

Esteem

39.

A typical responsibility of operations managers include:

a)

inventory control.

b)

sales promotion.

c)

accounting.

d)

employee development.

40.

_____ is the degree to which the overall task of the organization is broken down and divided into smaller component parts.

a)

Job specialization

b)

Job enrichment

c)

Job rotation

d)

Job enlargement

e)

Task identity

41.

Creating different teams for finance, production, and marketing is consistent with _____ departmentalization.

a)

Location

b)

Product

c)

Functional

d)

Sequential

e)

Customer

42.

What reason do researchers give for their findings that there are more communication problems in tall organizations than flat organizations?

a)

The smaller number of managers as compared to line workers

b)

The fewer number of subordinates reporting to each manager

c)

The increased number of people through whom information must pass

d)

Reductions in morale tend to prevent employees from communicating effectively

e)

Reductions in production discourage employees from sharing information

43.

A change in an organization's culture is an example of change in the area of _____.

a)

organization structure

b)

organizational operations

c)

work processes

d)

information technology

44.

Ron, a manager at a hardware component manufacturing unit, has recently learned from a subordinate's report that the production rates in his firm have gone down immensely because of poor employee morale. Ron has realized that he needs to make a change in the organization that will motivate employees. Which of the following steps in the comprehensive approach to change is illustrated in the scenario?

a)

Recognizing the need for change

b)

Understanding how to implement the change

c)

Setting goals for the change

d)

Selecting a change technique

45.

Which stage of the Lewin model of organization change involves managers letting people who will be affected by an impending change know the reasons for the change?

a)

Implementing

b)

Recognizing

c)

Refreezing

d)

Transforming

e)

Unfreezing

46.

Inflation, the cost of living, and money supplies are all external forces for change in the _____ dimension.

a)

Social

b)

Political

c)

Cultural

d)

Economic

e)

Technological

47.

A(n) _____ decision is a decision that is relatively structured or recurs with some frequency (or both).

a)

custom-made

b)

novel

c)

unstructured

d)

intuitive

e)

programmed

48.

_____ refers to the methods by which strategies are operationalized or executed within the organization; it focuses on the processes through which strategies are achieved.

a)

Strategy implementation

b)

Strategy mapping

c)

Strategy formulation

d)

Strategy visualization

49.

Beta LLC has decided to change its hiring criteria so that more people with technical expertise can join the company. Which step of the change process is illustrated in the scenario?

a)

Establishment of goals for the change

b)

Recognition of the need for change

c)

Selection of appropriate change technique

d)

Diagnosis of the relevant variables

50.

Substantive modification to some part of an organization is known as organization

a)

synergy.

b)

maturity.

c)

implementation.

d)

change.

51.

Which of the following statements is true of administrative management?

a)

It deals with the jobs of individual employees.

b)

It was first introduced by Frank and Lillian Gilbreth.

c)

It focuses solely on combating soldiering.

d)

It encompasses the concepts of planning, organizing, and controlling.

52.

Which of the following actions represents an attempt to manage social responsibility through ethical compliance?

a)

Requiring top financial managers to ensure compliance with securities and banking regulations

b)

Donating money to fund the performing arts

c)

Creating a committee to review policies concerning selection of new hires and promotion of employees

d)

Consulting the legal department regarding the requirements of a particular law

53.

_____ is the financial remuneration given by an organization to its employees in exchange for their work.

a)

Progression

b)

Compensation

c)

An intangible benefit

d)

Insurance

54.

A(n) _____ is usually computerized and contains information on each employee's education, work experience, and career aspirations.

a)

bona fide occupational qualification

b)

skills inventory

c)

statement of qualification

d)

job description

55.

Quality control is a type of _____ control.

a)

physical

b)

human

c)

operations

d)

financial

e)

structural

56.

A coffee shop refuses to employ servers over 45 years old. This illustrates

a)

confirmatory bias.

b)

affirmative action.

c)

a direct form of discrimination.

d)

equal employment opportunity.

57.

A corporate _____ that is relatively passive performs a general oversight function without getting actively involved in how the company is run.

a)

council of strategic partners

b)

board of directors

c)

regulators directorate

d)

whistle-blowing committee

58.

Ken is a newly hired police officer. He has been asked to spend a workday with a more experienced officer to learn about paperwork, how to handle accident scenes, how to interact with people, and other duties that he will be expected to perform. Which of the following concepts is illustrated in the scenario?

a)

Performance appraisal

b)

The assessment center method

c)

Training manuals

d)

On-the-job training

e)

The lecture method

59.

EBM suggests treating the organization as an unfinished prototype, which means what?

a)

Face the hard facts-

b)

Encourage experimentation and learning by doing.

c)

Build a culture in which people tell the truth.

d)

Get the best evidence and use it to guide actions.

e)

Avoid decisions based on untested beliefs-

60.

In human resource management, _____ usually refers to teaching operational or technical employees how to do the job for which they were hired.

a)

job rotation

b)

Development

c)

Training

d)

Deskilling

61.

R&D at Venus Electronics Inc. has created an innovative new device. Management now needs to decide if Venus should launch this device as its next new product now or wait for the next one. Venus can estimate the costs to develop, produce, and market this device as well as forecast sales. But there are many unknowns in both the new product development and market conditions that Venus cannot accurately predict. Therefore, Venus is making this decision under a condition of:

a)

Risk

b)

Uncertainty

c)

Certainty

d)

Ambiguity

e)

Security

62.

According to the two-factor theory, which of the following is a hygiene factor that influences an employee's satisfaction or dissatisfaction?

a)

Achievement

b)

Recognition

c)

Working conditions

d)

Advancement and growth.

63.

The _____ lists the duties of a job, the job's working conditions, and the tools, materials, and equipment used to perform it.

a)

job specification

b)

job description

c)

replacement chart

d)

statement of qualification

64.

The ______________ lists the skills, abilities, and other credentials needed to do a job.

a)

job specification

b)

statement of qualification

c)

article of incorporation

d)

job description.

65.

Windmere allows its administrative employees to arrive any time between 7:00 a.m. and 9:00 a.m., and to leave any time between 4:00 p.m. and 6:00 p.m., as long as they work an eight-hour day. This arrangement is known as

a)

empowerment.

b)

compressed work schedule.

c)

a nine-eighty schedule.

d)

flextime.

e)

traditional schedule.

66.

In the two-factor theory, the factors that influence the satisfaction continuum, which are related specifically to work content, are called _____ factors.

a)

Esteem

b)

Security

c)

Environmental

d)

Motivation

67.

Two or more companies that work together in joint ventures or other partnerships are called what?

a)

Strategic partners

b)

Competitors

c)

Customers

d)

Suppliers

e)

Regulators

68.

_____ is the process of giving employees a voice in making decisions about their own work.

a)

Participation

b)

Empowerment

c)

Commitment

d)

Reinforcement

69.

.............is a commitment to finding and using the best theory and data available at the time to

a)

Rational decision making

b)

Classical decision making

c)

Rational management

d)

Evidence-based management

70.

_____ is the process of attracting qualified persons to apply for jobs that are open.

a)

Mentoring

b)

Recruiting

c)

Job analysis

d)

Job evaluation

71.

Brenda, a senior engineer at Machineworks Inc., sets herself difficult goals and assumes personal responsibility for the performance of her subordinates. Brenda most likely has a high need for

a)

achievement.

b)

affiliation.

c)

esteem.

d)

security

72.

_____ leader behavior, identified by the path-goal theory, primarily involves being friendly and approachable, showing concern for subordinate welfare, and treating members as equals.

a)

Directive

b)

Achievement-oriented

c)

Task-oriented

d)

Supportive

73.

Daniel has been appointed leader of a project task force. He has legitimate power in this position. The task is unstructured. Also, Daniel has weak leader-member relations. According to Fiedler's LPC theory, what type of leadership style is appropriate in this situation?

a)

Task-oriented

b)

Relationship-oriented

c)

Participative

d)

Transformational leadership

74.

Demonstrating personal excitement or passion about something is part of _____ leadership.

a)

Charismatic

b)

Entrepreneurial

c)

Symbolic

d)

Integrative

e)

Participative

75.

Punishment involves the use of _____ power.

a)

Legitimate

b)

Reward

c)

Referent

d)

Coercive

76.

Punishment involves the use of _____ power.

a)

Legitimate

b)

Reward

c)

Referent

d)

Coercive

77.

Recently identified keys to successful leadership such as trusting one's subordinates, developing a vision, and simplifying things are consistent with the premises underlying _____ leadership.

a)

Contingency

b)

Transformational

c)

Charismatic

d)

Directed

e)

Situational

78.

Performance appraisals are part of _____ control.

a)

Physical

b)

Human

c)

Information

d)

Financial

e)

Inventory

79.

In organizations, sales forecasting, economic forecasting, and environmental analysis are examples of the control of _____ resources.

a)

Physical

b)

Human

c)

Information

d)

Financial

e)

Inventory

80.

_____ layouts are used in operations settings that create or process a variety of products.

a)

Product

b)

Cellular

c)

Random

d)

Process

81.

Which of the following inventory types provides the components needed to make the product?

a)

Raw materials

b)

Work-in-process

c)

Merchandise

d)

Finished goods

82.

_____ involves selecting a course of action from a set of alternatives.

a)

Divesting

b)

Controlling

c)

Leading

d)

Decision making

e)

Organizing

83.

_____ are probably the largest group of managers in most organizations, and are primarily responsible for implementing the policies and plans of an organization.

a)

Middle managers

b)

Top managers

c)

The members of the board of directors

d)

First-line managers

e)

Floor supervisors

84.

Which of the following is true about individual incentive plans?

a)

They are focused to recognize efforts rather than individual performances.

b)

They are used to provide individual performances with non monetary rewards.

c)

They are most likely to be used when performance can be subjectively assessed.

d)

They are used to reward individual performance on a real-time basis.

85.

Alex, one of the proprietors of Atlas Corp. is worried. The stock market was not doing well, unemployment was 10 percent, inflation was on the rise again, and government debt was still increasing. These concerns of Alex are related to the _____ dimension of the general environment of Atlas Corp.

a)

economic

b)

sociocultural

c)

technological

d)

political

86.

A _____ is a conceptual framework for organizing knowledge and providing a blueprint for action.

a)

Strategy

b)

Prediction

c)

Theory

d)

Doctrine

87.

Steve works with Beta Pharmaceuticals Inc. He is primarily responsible for overseeing production activities. Tyler is concerned with decisions such as the number of product units that need to be manufactured, the overall functioning of the production plants, and the quality of products. Steve is most likely to be a(n) _____ manager.

a)

operations

b)

marketing

c)

human resources

d)

sales

88.

Competitors, customers, suppliers, strategic partners, and regulators make up the _____ environment of an organization.

a)

Task

b)

Economic

c)

Technological

d)

Political-legal

e)

Competitive

89.

A group organized by its members to attempt to influence organizations is known as a(n)

a)

interest group.

b)

board of directors.

c)

strategic ally.

d)

competitor.

e)

ethics committee.

90.

Myrtle Wines, a chain of wine retailers, has prepared guidelines that clearly specify how employees should interact with suppliers, customers, competitors, and other people associated with their business. These guidelines are documented and distributed at all Myrtle outlets. The guidelines prepared by Myrtle forms its

a)

business plan.

b)

strategic plan.

c)

code of ethics.

d)

licensing agreement.

91.

Where does an organization's culture originate?

a)

Societal norms and expectations

b)

Pressure applied through mergers

c)

With the organization's founder

d)

Resolution of disputes between rival factions

e)

Government regulation of the specific industry

92.

Atlantia is a German company that manufactures dishwashers in Germany. Its products are sold in the United States. Which of the following statements is most accurate?

a)

Atlantia is exporting its products to the United States.

b)

Atlantia has a license agreement with the United States.

c)

Atlantia is importing its products from the United States.

d)

Atlantia wholly owns subsidiaries of the firm in the United States.

93.

The term span of management refers to the:

a)

extent to which authority is delegated at the individual level.

b)

extent to which authority is systematically delegated to middle and lower levels of management.

c)

number of people reporting to a particular manager.

d)

process of grouping jobs according to some logical pattern.

e)

number of managers assigned to a department.

94.

___________________ is the process of managing operations control, resource acquisition and purchasing, and inventory to improve overall efficiency and effectiveness.

a)

Supply-chain management

b)

Technology management

c)

Design management

d)

Quality control

95.

Which of the following is an example of a work sequence change in a service organization?

a)

Changing line and staff relationships

b)

Changing the way claims are processed

c)

Installing new equipment

d)

Redesigning jobs.

96.

Which of the following is an example of a good leader in the context of business?

a)

A person who relies on force to lead people

b)

A person who disobeys authority

c)

A person who is a dictator

d)

A person who can influence others

97.

Which of the following is an example of a direct form of discrimination?

a)

An organization intentionally seeking and hiring employees from groups that are underrepresented.

b)

An organization refusing to promote employees belonging to an ethnic minority into management.

c)

An organization hiring professionals based on their experience and skills.

d)

An organization using employment tests that men pass at a higher rate than women.

98.

Gadgetbug Inc. is known for its extremely efficient after-purchase service. None of Gadgetbug's competitors provide the same kind of customer service. Gadgetbug's _____ is described in the scenario.

a)

scope

b)

divestiture strategy

c)

strategic limitation

d)

process loss

e)

distinctive competence

99.

Vernique, a manager, consults with her subordinates and encourages their involvement in the decision making process. Based on the path-goal theory, what kind of leader behavior is Vernique exhibiting?

a)

Job-oriented

b)

Employee-centered

c)

Achievement-oriented

d)

Participative

100.

When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's _____ responsibility.

a)

Legal

b)

Ethical

c)

Social

d)

Cultural

101.

In the context of the Ohio state studies of leadership, a leader showing consideration behavior

a)

attempts to establish a warm, friendly, and supportive climate at the workplace.

b)

clearly defines the leader-subordinate role so that everyone knows what is expected of them.

c)

establishes formal lines of communication, and determines how tasks will be performed.

d)

is primarily interested in the performance of the employees.

102.

What type of plan focuses primarily on people and action?

a)

Tactical

b)

Strategic

c)

Diversified

d)

Corporate-level

e)

Business-level

103.

An organization's _____ is a statement of its fundamental, unique purpose that sets a business apart from other firms of its type and identifies the scope of the business's operations in product and market terms.

a)

Mission

b)

Statement of qualification

c)

Article of incorporation

d)

Operational goal

e)

Tactical plan

104.

A business manufactures top-of-the-line cabinets. The _____ dimension of its general environment includes computer-assisted design software that helps to convert wood and people's idea into lovely, functional cabinets.

a)

legal

b)

sociocultural

c)

technological

d)

political

e)

economic

105.

WexAll Industries has seen demand for its RB37 start to slow down. In addition, the number of other companies producing a similar product has started to go down as well, and there have not been any new entrants into this market. The RB37 is most likely in the _____ stage of the product life cycle.

a)

Growth

b)

Post-prime

c)

Introduction

d)

Maturity

e)

Decline

106.

When leaders decide to either give salary increases to their employees or withhold any salary which of the following types of power do they exercise?

a)

Coercive

b)

Reward

c)

Informal

d)

Expert

e)

Referent.

107.

When large firms merge, the results are often initially disappointing due to control systems trying to cope with a(n) _____.

a)

rise in error accumulation

b)

increase in organizational complexity

c)

lack of environmental change

d)

increase in costs

108.

Nutrimax Inc. sponsors a football championship in Oriel in August every year. The championship is organized by the Oriel Football Association (OFA) to encourage new talent, and Nutrimax bears all the expenses incurred during the championship. The Oriel regional manager of Nutrimax sends across a check to the OFA in July of each year in order for them to prepare for the championship. The regional manager's decision about when to send the check to OFA is a(n) _____ decision.

a)

programmed

b)

unstructured

c)

intuitive

d)

contingency

109.

Nutrimax Inc. identifies its purpose as "to produce the finest cookies in the world while upholding of promoting good health and maintaining environment ." This purpose is most __________ of Nutrimax.

a)

operational goal

b)

distinctive competence

c)

mission statement

d)

strategic goal

e)

tactical goal.

110.

Which of the following strategies will help companies succeed during the growth stage of a product cycle?

a)

Focusing on developing new products or services

b)

Increasing overhead costs

c)

Sacrificing product quality

d)

Focusing on creating product differentiation

e)

Increasing product prices significantly

111.

Which of the following strategies can help companies survive during the decline stage of the product life cycle?

a)

Increasing production costs.

b)

Manufacturing the products frequently and in smaller quantities.