BU470.3.1 STRATEGIC MANAGEMENT Online Exam 8_07

Online Exam 8_07

Part 1 of 1 - 

Question 1 of 20 
The number of markets served by a small organization is determined predominantly by:

 
A. the resources of the organization. 
 
B. the size of the organization. 
 
C. the management of the organization. 
 
D. strategic planning in the organization. 

Question 2 of 20 
Charles Hanson just opened Chuck's Bikes and Trikes, a motorcycle repair facility. Charles has 25 employees even though the repair facility is located in a small rural town. Chuck's Bikes and Trikes is an example of:

 
A. an entrepreneurial venture. 
 
B. a small business. 
 
C. an innovative business. 
 
D. All of the answer choices are correct. 

Question 3 of 20 
All of the following organizations are examples of social service NFPs except:

 
A. Junior League. 
 
B. American Red Cross. 
 
C. Mothers Against Drunk Drivers. 
 
D. Academy of Management. 

Question 4 of 20 
Which of the following is not one of the unique strategies that have been developed for not-for-profit organizations in order to cope with changing environmental conditions?

 
A. Cause-related marketing 
 
B. Not-for-profit marketing alliances 
 
C. Licensing 
 
D. Direct investment 

Question 5 of 20 
The competitive strategy choices for small businesses and entrepreneurial ventures are:

 
A. often limited to focus strategies. 
 
B. often limited to a low-cost strategy. 
 
C. often limited to a differentiated strategy. 
 
D. limited because of technological advances. 

Question 6 of 20 
Small businesses are independent businesses that have fewer than ________ employees.

 
A. 100 
 
B. 200 
 
C. 300 
 
D. 500 

Question 7 of 20 
Which of these is NOT a characteristic of entrepreneurial ventures?

 
A. Little impact on industry 
 
B. Innovative practices 
 
C. Pursue opportunities 
 
D. Have growth and profitability as main goals 

Question 8 of 20 
A not-for-profit organization must meet the requirements of ________ of the U.S. Internal Revenue Service tax code.

 
A. Section 501(c)(3) 
 
B. Section 301(d)(4) 
 
C. Section 503(c)(4) 
 
D. Section 401(c)(3) 

Question 9 of 20 
According to the Global Entrepreneurship Monitor (GEM) 2011 report, there are more than ________ million entrepreneurs in the 54 countries covered.

 
A. 25 
 
B. 36 
 
C. 400 
 
D. 250 

Question 10 of 20 
Small businesses and entrepreneurial ventures are the driving force of change in the process of:

 
A. market positioning. 
 
B. strategic positioning. 
 
C. creative destruction. 
 
D. competitor interrelationships. 

Question 11 of 20 
An example of a cause-related NFP is:

 
A. Camp Fire. 
 
B. the University of Minnesota. 
 
C. Save the Whales. 
 
D. Bill and Melinda Gates Foundation. 

Question 12 of 20 
To evaluate strategy, there must be a connection between the evaluation and the ________ of the not-for-profit organization.

 
A. revenues 
 
B. goals 
 
C. objectives (moderate) 
 
D. goals and objectives 

Question 13 of 20 
A strategic partnership between a not-for-profit organization and a corporate partner is referred to as:

 
A. licensing. 
 
B. strategic piggybacking. 
 
C. a not-for-profit marketing alliance. 
 
D. cause-related marketing. 

Question 14 of 20 
Small businesses employ over ________ of all private workers.

 
A. 90 percent 
 
B. 25 percent 
 
C. 50 percent 
 
D. 75 percent 

Question 15 of 20 
The not-for-profit marketing alliance is an extension of:

 
A. mergers and acquisitions. 
 
B. divestment. 
 
C. cause-related marketing. 
 
D. licensing. 

Question 16 of 20 
A strategic advantage of entrepreneurial ventures/small businesses over large businesses is:

 
A. economics of scale. 
 
B. flexibility. 
 
C. marketing options. 
 
D. distribution. 

Question 17 of 20 
Research on community arts organizations has indicated that Porter's strategies of ________ are utilized.

 
A. cost leadership, innovation, and focus 
 
B. differentiation and focus 
 
C. innovation and focus 
 
D. cost leadership, differentiation, and focus 

Question 18 of 20 
An alliance in which the not-for-profit organization proposes and initiates the partnership is referred to as:

 
A. a not-for-profit marketing alliance. 
 
B. cause-related marketing. 
 
C. effect-related marketing. 
 
D. licensing. 

Question 19 of 20 
A small business is NOT characterized by:

 
A. being independently owned. 
 
B. having fewer than 100 employees. 
 
C. engaging in innovative practices. 
 
D. having little impact on its industry. 

Question 20 of 20 
Chuck Hanson encourages his employees to come with new ideas and ways to do business to replace existing practices. This process is called:

 
A. destructive creativity. 
 
B. innovation. 
 
C. creative destruction. 
 
D. applied creativity.