What does a business model describe

Question

Question 1.What does a business model describe?

1. A revenue and expense model
2. A rationale of how the company creates, delivers, and captures value
3. A plan to generate money for the firm
4. How the company positions itself in the industry
5. None of the above

Question 2.What is strategic planning?

1. Any decision that affects the company's ability to complete, its position in the industry, or its viability as a going concern
2. One person's or one group's attempt at arriving at a strategy
3. The process by which one develops a strategy to achieve certain purposes
4. How a company actually competes
5. The entire set of resulting experiences-at some price-that an organization causes its customers to have

Question 3.Under which condition is a matrix organization not the best one?

1. Managing international operations
2. Managing multiple projects
3. Producing distinct product lines
4. Managing multiple brands
5. Managing divisions

Question 4.CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.

1. True
2. False

Question 5.Which of the following is not regulated?

1. Education
2. Electric utilities
3. Computers
4. Prescription drugs
5. Airline safety

Question 6.Which of the following is not a strategic decision?

1. Deciding on a strategy
2. Change an advertising campaign
3. Whether to adopt a new technology
4. How to develop a core competence
5. Whether to sell the business

Question 7.Every company that does business in the US must have its financial statements audited.

1. True
2. False

Question 8.Acquisitions fail for many reasons; which of the following is not one of them?

1. The acquirer overpaid
2. Management hubris
3. Cultures are incompatible
4. Ignorance about the business
5. Key personnel leave

Question 9.All US public companies are regulated by the Securities and Exchange Commission (SEC) even though they are in competitive, unregulated industries.

1. True
2. False

Question 10.Which of the following is not a type of director in a firm's board of directors?

1. Outsiders
2. Related outsiders
3. Insiders
4. Related insiders
5. Independents