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Management Practice Final Exam and Answers

In: Business and Management

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Administrative Principles
Sample Final Examination Questions

NOTE TO STUDENTS: This sample final examination is representative of the TYPES of questions you will encounter on the actual exam. However, it is NOT representative of the NUMBER of questions you can expect—the actual final examination will have many more questions.

Answers are provided at the end of this document.

Section 1: Multiple Choice Questions

1. Which of the following is one of the four conditions that must be met if a firm’s resources are to be used to achieve a sustainable competitive advantage?

a. inexpensive b. easily imitated c. easily duplicated d. nonsubstitutable

2. Which of the following is (are) a major approach to corporate-level strategy?

a. portfolio strategy b. adoptable strategies c. both of the above are such approaches d. neither (a) nor (b) are such approaches

3. Significant cost reductions, employee layoffs, closing poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a ________ strategy.

a. portable b. retrenchment c. stability d. first-level

4. Which of the following is not one of the five industry forces that determine an industry’s overall attractiveness and potential for long-term profitability?

a. character of the rivalry b. threat of nonsubstitutable resources c. bargaining power of suppliers d. All of the above are among those five industry forces.

5. Which of the following is one of the positioning strategies identified by Porter?

a. entrepreneurial orientation b. diversification c. focus d. all of the above

6. The term organizational ________ refers to a difference in the form, quality,…...

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