91. Leadership sets the goals for the business by doing which of the following? a. ensuring that…

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91.
Leadership sets the goals for the business by doing which of
the following?
a.
ensuring that there are no timelines to constrain the process
b.
ensuring rewards are tied to processes rather than results
c.
allocating resources equally to all organizational efforts
d.
provide the criteria that measure how the business pursues its vision
92.
Which of the following is considered the lead securities
regulatory authority in Canada?
a.
NASDAQ
b.
Ontario Securities Commission
c.
Canada Business Corporations Agency
d.
Canadian Coalition for Good Governance
93.
Change is often pursued in a(n) _________ fashion.
a.
incremental
b.
elementary
c.
revolutionary
d.
evolutionary
94.
The two key metrics that drive 7-Eleven are: ___________ and
____________.
a.
merchandising messages, category management
b.
store sales per day, inventory turns
c.
weekly store sales, inventory turns
d.
daily product returns, store sales per day
95.
WestJet is an airline company that targets price sensitive
travelers by providing good customer
service,
using one type of plane and flying out of secondary airports. This company is
pursuing a _
_______
strategic approach.
a.
low-cost leadership
b.
differentiation
c.
focused cost leadership
d.
focused differentiation
96.
One of the fundamental conditions that lead to a potential
agency problem in publicly held
companies
is the separation of firm ownership from ________.
a.
lower level employees
b.
the board of directors
c.
company management
d.
regulatory agencies
97.
A successful differentiation position requires that a firm
satisfy all but which of the following criteria?
a.
competitive pricing
b.
one or more buyer needs in a manner superior to competitors.
c.
the requirement of perceived uniqueness about the product that attracts
customers
d.
customers so that they pay higher prices for the added points of
differentiation
98.
During the initial stages of finding a position that works for
a firm, strategists decide if they will
compete
based on the logic of being a low-cost leader or as a ________.
a.
generic brand
b.
unique product operation
c.
mid-level competitor
d.
differentiator
99.
Organizations
can start a process of cultural change by doing all of the following except:
a.
having all employees be the role models for the new culture
b.
Aligning structure and systems to support the change
c.
define the missing links
d.
train the employees in the new belief systems
100.
The ________ approach to strategic management argues that the
development of unique capabilities
is the
major determinant of competitive advantage.
a.
strategic management diamond
b.
resource-based
c.
stakeholder
d.
industry forces

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