Question 1

One output control measure frequently used by global businesses is productivity or ______.

Accepted Answer

Productivity measures the efficiency of business operations, including how efficiently employees are using their time and resources to produce goods or services. Therefore, the correct answer is efficiency (D). Employee turnover (A) is a measure of retention, quality control (B) is a measure of consistency and accuracy, maturity (C) is not a control measure, and market share (E) measures a company's sales performance relative to competitors.

Question 2

_______ are one to three year plans formulated for implementing strategic goals.

Accepted Answer

The answer of _______ are one to three year plans...

Question 3

_______ are very short-term (less than one year)plans formulated for implementing strategic goals.

Accepted Answer

The answer of _______ are very short-term (less than one...

Question 4

ABC Manufacturing focuses on implementing a basic market strategy of concentrating upon existing operations and protecting their home turf. ABC can be described as a _____.

Accepted Answer

ABC Manufacturing is focused on protecting their current operations, which is characteristic of a defender strategy.

Question 5

A ________ is a written statement of why a company exists and what it plans to accomplish.

Accepted Answer

The answer of A ________ is a written statement of...

Question 6

Organizations that have a basic strategic implementation involveing extending their success through global expansion, and finding new market opportunities are referred to as _______.

Accepted Answer

The answer of Organizations that have a basic strategic implementation...

Question 7

_________ are organizations that have a strategic implementation involving responding to strategic actions initiated by competitors.

Accepted Answer

The answer of _________ are organizations that have a strategic...

Question 8

Knowledge that is codifiable and easy to communicate or write down is called _______..

Accepted Answer

The answer of Knowledge that is codifiable and easy to...

Question 9

The ______ model of strategy formulation model that believes that businesses exist to benefit not just their shareholders, but also all the various groups such as employees and customers that have a meaningful stake in their operation.

Accepted Answer

The answer of The ______ model of strategy formulation model...

Question 10

___________ involves executives engaging in personal contact with subordinates as a way of managing an organization

Accepted Answer

The answer of ___________ involves executives engaging in personal contact...

Question 11

__________ involve establishing specific goals on given metrics and then measuring to what extent these goals have been achieved at certain time intervals.

Accepted Answer

The answer of __________ involve establishing specific goals on given...

Question 12

Systems of rules and regulations promulgated within a global business are called __________.

Accepted Answer

The answer of Systems of rules and regulations promulgated within...

Question 13

If Dunkin Donuts (DD)were to follow the actions of Starbucks and copy all of their strategies and pricing, DD can be described as a _____.

Accepted Answer

DD would be considered a reactor because they are simply reacting to the actions of Starbucks instead of proactively seeking their own unique strategies and pricing.

Question 14

________ are organizations that implement a basic market strategy of concentrating upon existing operations and defending their home turf.

Accepted Answer

The answer of ________ are organizations that implement a basic...

Question 15

Mission statements of a company should

Accepted Answer

Mission statements are typically a concise summary of the purpose or reason for the existence of a company, outlining what the company aims to achieve or accomplish. They are not meant to define the role of government, explore what the company wants to become in the future, identify competitors, or specify employee compensation.

Question 16

_________ are organizations that take a middle ground between being prospectors and defenders.

Accepted Answer

The answer of _________ are organizations that take a middle...

Question 17

Knowledge that is informal in nature and difficult to communicate is known as _________.

Accepted Answer

The answer of Knowledge that is informal in nature and...

Question 18

The _______ model of strategy formulation operates from the premise that the key strategic purpose of a business is to maximize financial returns for its owners.

Accepted Answer

The answer of The _______ model of strategy formulation operates...

Question 19

The percentage of the business in a certain market that is captured by a product or service that the organization provides refers to its ______.

Accepted Answer

Market share is the percentage of the market captured by a product or service of a company. It indicates the company's position in the market relative to its competitors.

Question 20

________ refers to the ability of organizations to recognize, assimilate and apply new knowledge.

Accepted Answer

The answer of ________ refers to the ability of organizations...

Quiz 9: Control of Global Business