Quiz in Management 3

Test I: Identification
Instruction: Read carefully the questions and write your answer on the space provided below.

1. A mechanism established to allow different parties to contribute capital, expertise, and labor
for their mutual benefit.
_____________________Corporation

2. Participates in the profits of the enterprise without taking responsibility for the operations.
_____________________Investor/Shareholder

3. They are sometimes called as management directors in which are typically officers or
executives employed by the corporation.
_____________________Inside Directors

4. They are sometimes called as non-management directors in which are executives of other
firms but are not employees of the board’s corporation.
_____________________Outside Director

5. Who, though not really employed by the corporation, handle the legal or insurance work for
the company or are important suppliers (thus dependent on the current management for a key
part on their business).
_____________________Affiliated directors

6. Who used to work for the company, such as the past CEO who is partly responsible for much
of the corporation’s current strategy and who probably groomed the current CEO as his or her
replacement.
_____________________Retired executive directors

7. Who are descendants of the founder and own significant block of stock (with personal agendas
based on a family relationship with the current CEO).
_____________________Family directors

8. It is the term used for the inclusion of a corporation’s worker on its board, began only recently
in United States.
_____________________Codetermination

9. Occurs when two firms share a director or when an executive of one firm sits on the board of a
second firm.
_____________________Direct interlocking directorate

10. The directing of activities toward the accomplishment of corporate objectives.

_____________________Executive leadership

11. A description of what the company is capable in becoming.

_____________________Strategic vision

12. It is the rate at which firm’s underlying resources, capabilities, or competencies depreciate or
become obsolete.
_____________________Durability

13. The knowledge that can be easily articulated and communicated.

_____________________Explicit knowledge
14. Is a linked set of value-creating activities that begin with the basic raw materials coming
from suppliers, moving on to a series of value-added activities involved in producing and
marketing a product or service, and ending with distributors getting the final goods into the
hands of the ultimate consumer.
_____________________Value chain

15. The collection of beliefs, expectations, and values learned and shared by a corporation’s
members and transmitted from one generation of employees to another.
_____________________Corporate culture

Test II: Multiple Choice

Instruction: Read carefully and encircle the correct answer.

1. The ratio of total debt to total assets in which is helpful in describing how debt is used to
increase the earnings available to common shareholders. B

a. Capital budgeting
b. Financial leverage
c. Corporate reputation
d. Marketing mix

2. The analyzing and ranking of possible investments in fixed assets such as land, buildings, and
equipment in terms of the additional outlays and additional receipts that will result from each
investment. C

a. Strategic Vision
b. Continuum of sustainability
c. Capital budgeting
d. Supply chain management
3. Is a name given to company’s product which identifies that item in the mind of the consumer.
B

a. Product life cycle

b. Brand
c. Corporate Bonds
d. Issue

4. The impact of a specific change in sales volume on net operating income. B

a. Experience curve
b. Operating Leverage
c. Economies of Scale
d. Catalyst

5. Groups of geographically and/or organizationally dispersed coworkers that are assembled

using a combination of telecommunications and information technologies to accomplish an
organizational task. C

a. Board of directors
b. R&D
c. Virtual Terms
d. Human resource
6. The forming of networks for sourcing raw materials, manufacturing products or creating
services, storing and distributing the goods, and delivering them to customers and consumers. D

a. Economies of scale
b. Marketing mix
c. Product life cycle
d. Supply chain management

7. The ability of competitors to gather the resources and capabilities necessary to support a
competitive challenge. A

a. Transferability
b. Transparency
c. Replicability
d. Catalyst

8. The ability of competitors to use duplicated resources and capabilities to imitate the other
firm’s success. C

a. Transferability
b. Transparency
c. Replicability
d. Catalyst

9. The speed with which other firms can understand the relationship of resources and capabilities
supporting a successful firm’s strategy. B

a. Transferability
b. Transparency
c. Replicability
d. Catalyst

10. The rate at which a firm’s underlying resources, capabilities, or core competencies can be
duplicated by others. B

a. Durability
b. Imitability
c. Transferability
d. Replicability

11. Refers to the particular combination of key variables under a corporation’s control that can
be used to affect demand and to gain competitive advantages. D

a. Capital budgeting
b. Financial leverage
c. Corporate reputation
d. Marketing mix

12. Leaders who provide change and movement in organization by providing vision for that
change. B

a. Board of directors
b. Transformational leaders
c. Virtual teams
d. Human resource
13. Deals with the question “Who are our customers?” and refers to the selection of specific area
for marketing concentration and can be expressed in terms of market, product, and geographic
locations. C

a. Segmentation
b. Global issue
c. Market position
d. Catalyst

14. The process of taking a new technology from the laboratory to the marketplace. D

a. R & D intensity
b. Technological discontinuity
c. Technological competence
d. Technology transfer

15. Is a frequent and strategically important phenomenon in which states the displacement on
one technology by another. B

a. R & D intensity
b. Technological discontinuity
c. Technological competence
d. Technology transfer

Test III: Enumeration

What are the 4Ps that makes up typical marketing mix

_____________________Product
_____________________Place
_____________________Promotion
_____________________Price

Give 5 examples of basic organizational structures

_____________________Simple structure
_____________________Functional structure
_____________________Divisional structure
_____________________Strategic business units (SBUs)
_____________________Conglomerate structure

Give the four stages of product life cycle.

_____________________Introduction stage
_____________________Growth stage
_____________________Maturity stage
_____________________Decline stage
The parts of strategic formulation in developing long range plans.

_____________________Mission
_____________________Objectives
_____________________Strategies
_____________________Policies

The parts of strategy implementation in putting strategy into action.

_____________________Programs
_____________________Budgets
_____________________Procedures