Intro to management course code: 44453 chapter 5 quiz

Intro to Management (Spring, 2014, Course Code: 44453)
Assignment: Chapter 5 Quiz
To be effective, goals need to meet five specific characteristics which may be remembered with the acronym:

Piece-Wise Parts, a manufacturing company, developed a strategic plan for 2008 that assumed improved growth in its industry. Additionally, it generated several _____ for different economic settings. When recession started, Piece-Wise Parts quickly implemented the plan based on those conditions. As a consequence, it survived more easily than other firms in the industry.
projection statements
financial reports
annual reports

Which of the following is one of the six components of the strategic management process?
Strategy implementation
Stakeholder analysis
Skill improvement plan
Technology assessment
Stockholder reporting


_____ are inputs to production that can be accumulated over time to enhance the performance of a firm.
Core capabilities
Framing effects

_____ is the process of assessing how well one company’s basic functions and skills compare with those of another company or set of companies.
Situational analysis
Strategic planning
_____ refers to the acquisition or development of new businesses that produce parts or components of the organization’s product .

Vertical integration
Horizontal integration
Greenfield venturing

A competitive advantage typically results from a low-cost business strategy or a(n) _____ business strategy.
In the context of the influence of psychological biases in decision making, _____ refers to a belief that one can influence events even when one has no control over what will happen.
illusion of control
discounting the future
framing effect
Which of the following is a potential advantage of using a group to make a decision?
Due to the phenomenon of groupthink, a positive team spirit can be maintained.

Participation in problem solving increases commitment to decisions.
Following a given set of rules can keep employees out of trouble.
A group produces a satisficing decision that is adequate for its needs.
Goals get continually displaced as new ideas emerge.
In the context of decision making, what is the role of a devil’s advocate in constructive conflict?
To always agree with the group leader
To find consensus among participants
To criticize ideas and point out problems
To suggest new ideas
To consolidate previously suggested ideas


Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages