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4/24/23, 8:41 PM PRE-FINAL EXAM_CMBE01

PRE-FINAL EXAM_CMBE01
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These are specific, measurable statements of what a business is * 1 point


expected to achieve within an annual period.

a. Annual Objectives

b. Policies

c. Action Plans

It is the central management activity that allows for strategy execution * 1 point

a. Resource Allocation

b. Policies

c. Annual Action Plan

d. Objectives

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4/24/23, 8:41 PM PRE-FINAL EXAM_CMBE01

Arrange the three basic activities of strategy formulation * 3 points

1. examining the underlying bases of a firm’s strategy

2.      comparing expected results with actual results,

3.      taking corrective actions to ensure that performance conforms to


plans 

a. 123

b. 213

c. 321

Playing down differences between conflicting parties while accentuating * 1 point


similarities and common interests is an act of ______________.

a. Confrontation

b. Avoidance

c. Diffusion

The purpose of the matching stage is to ___________. * 2 points

a. Apply SWOT analysis

b. Summarize information

c. Generate feasible alternative strategies

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The following are being evaluated by a balanced scorecard, except one * 2 points

a. Financial performance

b. Learning and growth

c. Customer knowledge

d. Employees’ Salaries and Benefits

In managing conflict, avoidance includes ignoring the problem in hopes that * 1 point
the conflict will resolve itself

a. True

b. False

c. Maybe

It is a systematic process of objectively obtaining and evaluating evidence * 1 point


regarding assertions about economic actions and events

a. Auditing

b. Contingency Planning

c. Evaluation System

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Restructuring is also called as process management process innovation, or * 1 point


process redesign involves reconfiguring or redesigning work, jobs, and
processes

a. False

b. True

c. Maybe

In evaluating strategy, to examine whether an organization has * 2 points

demonstrated in the past that it possesses the abilities, competencies,


skills, and talents needed to carry out a given strategy is checking the
_________.

a. Feasibility

b. Consonance

c. Consistency

The following are the importance of Annual Objectives, except one; * 2 points

a. to look into the political, government, and legal variables

b. instrument for monitoring progress toward achieving long-term objectives

c. establish organizational, divisional, and departmental priorities

d. provide a basis for organizational design.

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It is also called as process management process innovation, or process * 1 point


redesign involves reconfiguring or redesigning work, jobs, and processes

a. Reengineering

b. Restructuring

c. Downsizing

Alternatives can be derived from the following, except one; 1 point

a. Vision

b. SWOT Analysis

c. Mission

d. Audit

Clear selection

Decisions are predicated on the hope that they will work and that good * 2 points
times are just around the corner, especially if luck and good fortune are on
our side. This scenario applies to_____(2 points)

a. Managing by Hope

b. Managing by Subjective

c. Managing by Crisis

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It is a strategical placement of your product in the market in a way that will * 1 point

meet the needs and want of the target group.

a. Market Positioning

b. Purpose Based Marketing

c. Market Segmentation

the best way to sell in a weak economy is to “show customers how they * 2 points
can improve their lives” with your product or service. This is called______

a. Purpose Based Marketing

b. Externa Audit

c. Strategic Management

Which of the following does not belong in the hierarchy of policies * 1 point

a. Company Strategy

b. Production Department

c. Divisional Objective

d. Human Resource Strategy

Differentiate correction from corrective action? 10 points * 10 points

Your answer

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This stage in strategy formulation summarizes the information and requires * 1 point
strategist to quantify subjectivity during early process

a. Input Stage

b. Matching Stage

c. Decision Stage

A strategy should not present inconsistent goals and policies * 1 point

a. Consistency

b. Consonance

c. Advantage

Confrontation is exemplified by ________________ * 2 points

a. exchanging members of conflicting parties

b. playing down differences between conflicting parties

c. ignoring the problem

This kind of structure groups tasks and activities by business function, * 1 point

a. Functional Structure

b. Divisional Structure

c. Matrix Structure

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It is a course of action designed to help an organization respond effectively * 1 point

to a significant future incident, event or situation that may or may not


happen.

a. Auditing

b. Contingency Planning

c. Evaluation System

It provides guidance, consistency, accountability, efficiency, and clarity on * 1 point


how an organization operates.

a. Annual Objectives

b. Policies

c. Action Plans

Which of the following facilitate solving recurring problems and guide the * 1 point

implementation of strategy?

a. Action Plan

b. Mission

c. Vision

d. Policies

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4/24/23, 8:41 PM PRE-FINAL EXAM_CMBE01

“If it ain’t broke, don’t fix it.” The idea is to keep on doing the same things in * 2 points
the same ways because things are going well. This is a statement of
_______________.

a. Managing by Hope

b. Managing by Subjective

c. Managing by Crisis

Which of the following are used to collect, store, process and analyze data * 1 point
from various business activities

a. Management Information System

b. Segmentation

c. Financial Budget

d. Research and Development

Which of the following tool that an organization used to efficiently use the * 1 point

limited resources that they have.

a. Management Information System

b. Segmentation

c. Financial Budget

d. Research and Development

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To achieve the desired objectives, an organization must have these types of * 1 point

resources, except one

a. Electronic Resources

b. Financial resources

c. Human resources

d. Physical resources

It is the subdividing of a market into distinct subsets of customers * 1 point

according to needs and buying habits.

a. Restructuring

b. Market Segmentation

c. Reengineering

Which of the following is the correct comprehensive strategy formulation * 1 point


framework?

a. Decision-Matching-Input

b. Input-Decision-Matching

c. Matching-Input-Decision

d. Input-Matching-Decision

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