Management Capstone Final Exam Questions
Course Introduction
The Management Capstone course serves as a culminating experience for students, integrating knowledge and skills acquired throughout their academic journey in management. Through case studies, group projects, and applied research, students analyze complex organizational problems and develop strategic solutions, fostering critical thinking, leadership, and decision-making abilities. Emphasis is placed on real-world challenges, ethical considerations, and innovative strategies, allowing students to demonstrate their proficiency in management concepts while preparing them for professional roles in the business environment.
Recommended Textbook
Strategic Management Theory An Integrated Approach 9th Edition by Charles W. L. Hill
Available Study Resources on Quizplus
13 Chapters
1070 Verified Questions
1070 Flashcards
Source URL: https://quizplus.com/study-set/3071
Page 2
Chapter 1: Strategic Leadership: Managing the
Strategy-Making Process for Competitive Advantage
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/60926
Sample Questions
Q1) An emergent strategy is
A)the result of a planned strategy.
B)an unplanned response to unforeseen circumstances.
C)the product of careful top-down planning mechanisms.
D)the same as a realized strategy.
E)a group response to a problem area.
Answer: B
Q2) The scenario approach to strategic planning involves
A)devising plans for coping with a number of different possible future states of the world.
B)homing in on a single prediction of future demand conditions using an iterative planning process.
C)functional managers setting key corporate objectives.
D)using computers to build virtual worlds for top-level managers.
E)making planning the exclusive domain of top-level managers.
Answer: A
Q3) SWOT analysis concerns identifying strengths,weaknesses,options,and threats.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: External Analysis: The Identification of Opportunities and Threats
Available Study Resources on Quizplus for this Chatper
84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/60921
Sample Questions
Q1) Which of the following is not a barrier to entry?
A)Economies of scale
B)Brand loyalty
C)Absolute cost advantages
D)High customer bargaining power
E)High customer switching costs
Answer: D
Q2) Julian is asked to examine the demographic environment facing his employer,a clothing manufacturer.Which of the following should Julian examine?
A)Government regulations
B)Inflation
C)Manufacturing technology
D)Aging of the population
E)Society's growing interest in exercise
Answer: D
Q3) Access to cheaper capital is an example of an economy of scale.
A)True
B)False
Answer: False
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: Internal Analysis: Distinctive Competencies,
Advantage, and Profitability
Available Study Resources on Quizplus for this Chatper
84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/60920
Sample Questions
Q1) At the most basic level,a business is simply a device for
A)transforming inputs into outputs.
B)transporting products from one location to another.
C)converting outputs into inputs.
D)transferring title to goods from one party to another.
E)conserving outputs.
Answer: A
Q2) The more utility a company creates for its customers,the more flexibility it has in determining prices.
A)True
B)False
Answer: True
Q3) How profitable a company is ultimately depends on
A)management's evaluation of the utility of a product.
B)product utility created through advertising.
C)the value of the patents the company holds.
D)the image of the company's products in the marketplace.
E)the value customers place on the company's products.
Answer: E
Page 5
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: Building Competitive Advantage Through Functional-Level Strategy
Available Study Resources on Quizplus for this Chatper
84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/60919
Sample Questions
Q1) The role played by infrastructure leadership in implementing reliability methodologies includes which of the following?
A)Providing leadership and commitment quality
B)Finding ways to manage quality
C)Setting goals and creating incentives
D)Soliciting input from employees
E)All of these choices
Q2) Limiting the number of suppliers from many to a manageable number
A)is the responsibility of top management.
B)may help a firm to achieve superior quality.
C)may help a firm to achieve superior innovation.
D)is the responsibility of research and development.
E)is the responsibility of manufacturing.
Q3) A company's infrastructure includes the company's
A)organization structure,culture,and style of leadership.
B)organization structure and morale level.
C)culture and productivity levels.
D)overall profitability levels.
E)short-run objectives.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Building Competitive Advantage Through Business-Level Strategy
Available Study Resources on Quizplus for this Chatper
84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/60918
Sample Questions
Q1) A company pursuing a focus strategy
A)attempts to serve all market segments.
B)concentrates on building market share in one market segment.
C)typically has more resources at its disposal than a differentiator does.
D)need not be concerned that a differentiator will try to imitate the company's products or services.
E)none of these choices.
Q2) Differentiators have higher costs than cost leaders do for all of the following reasons except that they
A)invest more in research and development.
B)invest in materials management techniques.
C)provide a wider range of products.
D)serve more market segments.
E)have larger marketing departments.
Q3) A differentiation business model is based on pursuing a set of generic strategies that allows a company to achieve a competitive advantage by creating a product that customers perceive as different or distinct in some important way.
A)True
B)False
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Business-Level Strategy and the Industry Environment
Available Study Resources on Quizplus for this Chatper
86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/60917
Sample Questions
Q1) The challenge in a fragmented industry is to figure out the best set of strategies to overcome a fragmented market so that the competitive advantages associated with pursuing one of the different business models can be realized.
A)True
B)False
Q2) Product proliferation refers to the strategy of filling the niches by catering to the needs of customers in all market segments.
A)True
B)False
Q3) Fragmented industries typically have low barriers to entry.
A)True
B)False
Q4) Which of the following is a true statement?
A)All new markets develop at about the same rate.
B)Market growth rates are getting shorter over time.
C)Companies cannot do much to affect a market growth rate.
D)The major influence on market growth rates is government regulation.
E)Market growth is typically a smooth,unbroken,upward-climbing S-shape.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Strategy and Technology
Available Study Resources on Quizplus for this Chatper
81 Verified Questions
81 Flashcards
Source URL: https://quizplus.com/quiz/60916
Sample Questions
Q1) In the 1870s,Christopher Sholes invented the layout of keys on a typewriter keyboard,sometimes called the QWERTY layout.This invention is a(n)
A)technical standard.
B)first-mover advantage.
C)complementary product.
D)outmoded technology.
E)high-tech industry.
Q2) Which of the following is not a disadvantage to being a first mover?
A)Significant pioneering costs
B)Tendency to make mistakes
C)Risk of building the wrong resources and capabilities
D)Accumulation of market knowledge
E)Possibility of investing in inferior or obsolete technology
Q3) Which of the following is not intellectual property?
A)A song written down as sheet music
B)A Tom Clancy novel
C)A computer software package
D)A patented invention
E)A new organizational structure
To view all questions and flashcards with answers, click on the resource link above.
Page 9
Chapter 8: Strategy in the Global Environment
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/60915
Sample Questions
Q1) Which of the following entry modes allow(s)a company to engage in global strategic coordination?
A)Exporting
B)Licensing
C)Joint ventures
D)Wholly owned subsidiaries
E)Joint ventures and wholly owned subsidiaries
Q2) Foreign subsidiaries play a major role in shaping the future direction of a company pursuing a(n)
A)transnational strategy.
B)international strategy.
C)localization strategy.
D)joint venture.
E)global standardization strategy.
Q3) Cost reduction pressures can be particularly intense in industries producing
A)commodity-type products.
B)highly differential products.
C)goods that do not compete on the basis of price.
D)goods servicing narrowly defined markets.
E)highly advertised goods.
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Corporate-Level Strategy: Horizontal Integration,
Vertical Integration, and Strategic Outsourcing
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/60914
Sample Questions
Q1) Horizontal integration may be thought of as
A)moving into a new unrelated industry.
B)giving control to suppliers.
C)gaining control of distributors.
D)staying inside the industry in which the company currently operates.
E)combining functional units within the company.
Q2) When there is a minimal need for close long-term cooperation between a company and its suppliers,which of the following strategies is the most appropriate?
A)Full integration
B)Taper integration
C)Competitive bidding
D)Long-term contracting
E)Diversification based on economies of scope
Q3) Taper integration
A)has higher bureaucratic costs than does full integration.
B)has lower bureaucratic costs than does long-term contracts.
C)can increase the incentive for in-house suppliers to reduce costs.
D)is preferable to full integration when demand conditions are stable.
E)eliminates the disadvantage of potential technological obsolescence.
Page 11
To view all questions and flashcards with answers, click on the resource link above.
Chapter 10: Corporate-Level Strategy: Related and Unrelated Diversification
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/60925
Sample Questions
Q1) In the joint venture between Stephanie's dressmaking shop and Kevin's fabric factory,the partners argue constantly about how to schedule tasks and reward workers.Which of the following disadvantages is Stephanie and Kevin's joint venture experiencing?
A)Joint ventures risk the loss of proprietary information to a partner.
B)Joint venture partners must split the profits of the business.
C)Joint venture partners must share control and decision-making power.
D)Joint ventures are slower to reach profitability than are acquisitions.
E)Joint ventures require less up-front investment than do internal new ventures.
Q2) Companies with a strong track record of internal new venturing generally excel at research and development.
A)True
B)False
Q3) Free cash flow refers to additional funds from a government stimulus program.
A)True
B)False
Q4) If a company generates free cash flow,that money technically belongs to shareholders.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Corporate Performance, Governance, and Business Ethics
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/60924
Sample Questions
Q1) Which of the following statements about the board of directors is false?
A)Board members are elected by stockholders.
B)The board can be held legally accountable for a company's actions.
C)The board has the legal authority to hire,fire,and compensate the CEO.
D)All directors are full-time employees of the company.
E)Outside directors help perform the monitoring function of the board.
Q2) Sarbanes-Oxley,federal legislation enacted in 2002,requires
A)CEOs to endorse their company's financial statements.
B)CFOs to endorse their company's financial statements.
C)companies to use the same accounting firm for auditing and consulting services.
D)members of the board of directors to post a surety bond.
E)CEOs and CFOs to endorse their company's financial statements.
Q3) While they do a good job of increasing employee satisfaction,positive incentive systems do little to maximize long-run profitability.
A)True
B)False
Q4) All stakeholders are in an exchange relationship with the company.
A)True
B)False
Page 13
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Implementing Strategy in Companies That
Compete in a Single Industry
Available Study Resources on Quizplus for this Chatper
81 Verified Questions
81 Flashcards
Source URL: https://quizplus.com/quiz/60923
Sample Questions
Q1) Which of the following is not one of the advantages of a geographic structure?
A)Cost inefficiencies from issues of scope
B)Responsiveness to the needs of regional customers
C)Lower transportation costs
D)More coordination and control than a functional structure
E)Centralization of key activities and functions that allow leveraging skills across regions
Q2) Consider the case of a family-run business that operates one small local retail shop and its subsequent expansion into more locations and more stores.Describe the changes that are likely to take place in that business's organizational structure as it grows in size,geographic dispersion,and complexity.Tell why the changes are beneficial for the business.
Q3) A cost-leadership strategy would be most effective with A)output controls.
B)personal controls.
C)behavioral controls.
D)cultural controls.
E)no controls.
Q4) Describe what is meant by the terms restructuring and reengineering,and discuss when and why they would be used.
Page 14
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Implementing Strategy in Companies That
Compete Across Industries and Countries
Available Study Resources on Quizplus for this Chatper
84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/60922
Sample Questions
Q1) Divisional battles may lead to battles over transfer pricing.
A)True
B)False
Q2) Explain the benefits of the multidivisional structure for managing a firm that competes in several industries.
Q3) To foster the development of the matrix-in-the-mind concept and promote cooperation,companies are increasingly making use of the integrating capabilities of information technology (IT).
A)True
B)False
Q4) Which of the following structures results in the creation of an office of corporate headquarters staff?
A)Functional
B)Product team
C)Geographic
D)Matrix
E)Multidivisional
Q5) SAP is the world's leading supplier of software for the videogame industry. A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 15