Chapter 7 Management Roles, Functions, and Skills Part 2

Alfa Knowledge is a knowledge management firm.The company helps organizations document and manage internal knowledge.The company has operations in seventeen countries.Which of the following refers to a strength that Alfa Knowledge possesses?

• A) The company has an early mover advantage in the market that it is operating.

• B) The company is functioning in a low-growth industry.

• C) The company has a patented technology for knowledge management.

• D) The company is functioning in a high-growth industry.

• E) The countries in which the company is operating were not affected by the economic slowdown of 2009.

Alfa Knowledge is a knowledge management firm.The company helps organizations document and manage internal knowledge.The company has operations in seventeen countries.Which of the following describes a weakness that Alfa Knowledge has?

• A) The company's sales were affected by the nuclear disaster that took place in Japan.

• B) The company functions in countries that lack skilled labor.

• C) The company spends huge money to pay for tariffs and duties.

• D) The company often incurs loses due to fluctuating exchange rates.

• E) The company's employees are not committed to be with the company for long.

Alfa Knowledge is a knowledge management firm.The company helps organizations document and manage internal knowledge.The company has operations in seventeen countries.Which of the following is an opportunity available to Alfa Knowledge?

• A) having strong financial resources

• B) having a respected brand

• C) having committed employees

• D) presence of potential partners

• E) presence of strong management professionals in the company

Alfa Knowledge is a knowledge management firm.The company helps organizations document and manage internal knowledge.The company has operations in seventeen countries.The demand for Alfa's products has been shrinking in recent times.This is considered a(n)________ for the company.

• A) weakness

• B) limitation

• C) internal flaw

• D) opportunity

• E) threat

RSX Plastic is an Asian company that manufactures commercial plastic products.The company plans to open a production facility in the United States.In order to enter the U.S.market,the company is required to set up a plastic recycling plant that attracts huge fixed costs.This requirement is an example of a(n)________ for the company.

• A) opportunity

• B) weakness

• C) strength

• D) threat

• E) internal limitation

A(n)________ is a specific,short-range target or aim.

• A) mission

• B) tactic

• C) strategy

• D) objective

• E) vision

In order to be effective,a business goal should be ________.

• A) broadly defined

• B) measurable

• C) time unlimited

• D) remotely defined

• E) substantially high

Which of the following statements is TRUE of tactical plans?

• A) Tactical plans vary by company and business function.

• B) These plans refer to the strategic plans of organizations.

• C) Tactical plans are prepared for long-term purposes.

• D) Tactical plans cover all functions in an organization.

• E) Operational issues are not covered under tactical plans.

________ is the process of arranging resources to carry out an organization's plans.It is one of the major functions of managers.

• A) Planning

• B) Directing

• C) Organizing

• D) Analyzing

• E) Controlling

Which of the following functions is typically performed by top managers?

• A) establishing the structure for the organization

• B) supervising lower-level managers

• C) translating strategic goals into actions

• D) putting the systems and resources in place

• E) translating strategic objectives into the actions