Exam (elaborations)
MBA 705 MINSUN KIM EXAM 4 QUESTIONS AND ANSWERS 2024
- Course
- Institution
MBA 705 MINSUN KIM EXAM 4 QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
MBA 705 MINSUN KIM EXAM 4D
The functional structure is usually the most centralized whereas the matrix
structure is usually the most decentralized. - ANSWERS-Which of the following
structures tends to be the most decentralized?
A. functional structure
B. product divisional
C. geographic divisional structure
D. matrix structure
True
Although strategic control is the final step in the strategic management process, it
should be an ongoing process. - ANSWERS-True or False? Strategic control should
be ongoing and occur throughout the strategic management process.
False
The PIMS program is a database that contains quantitative and qualitative
information on the performance of thousands of firms and more than 5,000
business units. - ANSWERS-True or False? The PIMS program is a government-
sponsored effort to improve strategic planning effectiveness in the United States.
,True
Corrective action should be taken at all levels if actual performance is less than
the standard that has been established unless extraordinary causes of the
discrepancy can be identified. - ANSWERS-True or False? Corrective action should
usually, but not always, be taken at all levels if actual performance is less than the
standard that has been established.
True
Control can be exerted through either the official, formal organization, or through
the informal organization—the norms, behaviors, and expectations that evolve
when individuals and groups come into contact with one another. - ANSWERS-
True or False? Strategic control can be exerted through either the formal or
informal organization.
False
Crisis management refers to the process of planning for and implementing the
response to a wide range of negative events that could severely affect an
organization. Crisis management may work to reduce the likelihood of crisis
events but cannot eliminate the possibility that they might occur. - ANSWERS-
True or False? Crisis management refers to efforts made to eliminate the
possibility that the organization can be affected negatively by unforeseen events.
True
A number of steps can be taken to facilitate crisis management before, during,
and after the crisis. - ANSWERS-True or False? Crisis management involves a
series of steps that can be taken before a crisis occurs, while it is occurring, and
after it has passed.
, D
Strategic control helps managers understand how the firm is performing and also
assists in addressing changes in an uncertain environment. Strategic control has
nothing to do with feedback from lower-level managers. - ANSWERS-Strategic
control is important because __________.
A. it is difficult to know how well the firm is performing without it
B. the organization's environment is uncertain and always changing
C. lower-level managers need an effective means of providing feedback to top
management
D. A & B only
A
In the first step of strategic control, top management determines the focus of
control by identifying internal factors that can serve as effective measures for the
success or failure of a strategy, as well as outside factors that could trigger
responses from the organization. - ANSWERS-The strategic control process begins
by __________.
A. identifying appropriate performance measures
B. establishing benchmarks
C. measuring performance
D. taking corrective action as needed
C
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now