Question 1 what does a business

Question

Question 1: What does a business model describe?

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

Question 2: What is strategic planning?

• Any decision that affects the company's ability to complete, its position in the industry, or its viability as a going concern
• One person's or one group's attempt at arriving at a strategy
• The process by which one develops a strategy to achieve certain purposes
• How a company actually competes
• 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?

• Managing international operations
• Managing multiple projects
• Producing distinct product lines
• Managing multiple brands
• Managing divisions

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

• True
• False

Question 5: Which of the following is not regulated?

• Education
• Electric utilities
• Computers
• Prescription drugs
• Airline safety

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

• Deciding on a strategy
• Change an advertising campaign
• Whether to adopt a new technology
• How to develop a core competence
• Whether to sell the business

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

• True
• False

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

• The acquirer overpaid
• Management hubris
• Cultures are incompatible
• Ignorance about the business
• 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.

• True
• False

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

• Outsiders
• Related outsiders
• Insiders
• Related insiders
• Independents