1. (Points: 2.5) A company that typifies a Defender response to environmental uncertainty would be: 1. Amazon2. Teva Pharmaceuticals3. Kodak4. Harley DavidsonQuestion like this but with different choices2.(Points: 2.5) Which statement best describes a “star” in the the Boston Consulting Group Matrix? 1. A star always throws off cash2. A star may require cash to grow market share3. A star has limited market share4. A star will turn into a question mark3.(Points: 2.5) Regulating the work of those for whom a manager is responsible defines 1. Staffing2. Controlling*3. Planning4. Directing4.(Points: 2.5) Which of the following is not a resource that managers must assemble and use? 1. Financial2. Informational3. Global4. Human5.(Points: 2.5) ING Bank “fires” about 3600 of its 2 million customers every year. Which concept does this strategy best illustrate?1. The “busyness trap”2. The 80/20 principle3. ABC priority system4. Management by objectives6.(Points: 2.5) Which management ability in the following skill sets is especially important early in a career? 1. Conceptual2. Technical3. Interpersonal4. All skills are equally important7.(Points: 2.5) NAFTA is an acronym for: 1. North American Free Trade Agreement2. North American Free Trade Association3. North Atlantic Free Trade Agreement4. North American Friendly Trade Agreement8.(Points: 2.5) Which of the following management decisional roles involves making accommodations with other units or organizations? 1. Negotiator2. Disturbance Handler3. Entrepreneurial4. Resource Allocator9.(Points: 2.5) We used a Competitive Profile Matrix (CPM) to analyze the motorcycle industry in class. Which firm did we conclude was the strongest in the industry? 1. Suzuki2. Honda3. Yamaha4. Harley Davidson10.(Points: 2.5) What is MBO an acronym for ?1. Management Before Outcomes2. Management By Objectives*3. Managing Best Opportunities4. Managers’ Buy Out11.(Points: 2.5) What is the “China Price”? 1. The percentage cost of the average bribe to do business in China2. The price at which Chinese suppliers sell to US businesses3. The price at which US suppliers sell to Chinese businesses4. The value of the Chinese yuan vis-à-vis the US dollar12.(Points: 2.5) The industrial organization (I/O) model is a perspective that 1. focuses on the intellectual capital of an organization2. focuses on the physical assets of an organization3. focuses on the external environment of an organization*4. focuses on the internal strengths of an organization13.(Points: 2.5) A risk-return tradeoff implies: 1. Higher expected returns are accompanied by higher volatility of potential returns*2. Safer investments are preferred3. Grandma should rebalance her portfolio4. Riskier investments are preferred14.(Points: 2.5) What was the strategy described for reducing risk in home ownership on the video “The new rules of real estate “? 1. Buy a home rather than rent2. Invest in housing futures because you can always sell your investment*3. Rent a home rather than buy4. Bargain diligently so that you pay the lowest price possible15.(Points: 2.5) Describe the best synonym for an objective: 1. Strategy2. Ideal3. Mission4. Goal*16.(Points: 2.5) In a PERT network, the most time-consuming route is called the 1. Weighted time estimate for completion2. Milestone3. Critical path*4. Pessimistic time17.(Points: 2.5) The four principle managerial functions most applicable to modern management include the following 1. Planning2. Directing3. Controlling4. Staffing*18(Points: 2.5). Which statement best describes Starbucks’ mission statement? 1. To maximize shareholder value.2. To be a force for positive action— bringing together our partners, customers, and the community.3. To inspire and nurture the human spirit— one person, one cup, and one neighborhood at a time.4. The promise of a perfectly made beverage, but our work goes far beyond that. It’s really about human connection.19.(Points: 2.5) Who said: “We are not competing against Sony or Microsoft. We are battling the indifference of people who have no interest in video games.” 1. Apple CEO Steve Jobs2. Electronic Arts CEO John Riccitiello3. Nintendo CEO Satoru Iwata*4. Sega CEO Simon Jeffery20.(Points: 2.5) “Stuck in the middle” from a strategy perspective best refers to 1. a firm that is caught between corporate level and business level strategy2. a firm not fully committed to one of the three generic strategies3. a firm not fully committed to one of the BCG Matrix strategies4. a firm that is caught between two unethical strategy choices21.(Points: 2.5) A company that typifies an Analyzer response to environmental uncertainty would be: 1. Kodak2. Teva Pharmaceuticals*3. Harley Davidson4. Amazon22.(Points: 2.5)Which strategy does Toyota typically follow in its industry? 1. Cost leadership2. Core competency3. Differentiation*4. Focus23.(Points: 2.5) What is PERT an acronym for? 1. Program Estimation and Review Technique2. Program Evaluation and Review Technique*3. Political Evaluation and Review Technique4. Program Evaluation and Review Technology24.(Points: 2.5) In Porter’s Five Forces Model, which of the following is NOT considered a barrier to new entrants into an industry? 1. Economies of scale in volume and capital required2. Proprietary technology3. Established distribution channels4. Homogeneous products25.(Points: 2.5) Which firm was #1 in the Fortune Magazine 2009 ranking of US firms by profitability? 1. Exxon Mobil*2. Chevron3. General Electric4. MicrosoftKnow if the answereds changed26.(Points: 2.5)Which of the managerial interpersonal roles is associated with “flag waving”? 1. Cheerleader2. Leader3. Liaison4. Figurehead*27.(Points: 2.5) Given the following production costs: Profit objective for the year = $10,000.00 Fixed cost = $10,000.00 Price per unit = $5.00 Variable cost per unit = $3.00 What is the break-even point, in units? 1. 50,0002. 10,000*3. 5,0004. Cannot be determined from the information given8.(Points: 2.5) When returns across different asset classes were examined from 1926-2008, which asset class recorded the most years with a positive return? 1. Long-term corporate bonds2. Large-cap stocks3. US Treasury Bills*4. Small-cap stocksFind out answer29.(Points: 2.5) Which strategy does Ferrari typically follow in its industry? 1. Core competency2. Cost leadership3. Differentiation4. Focus*30.(Points: 2.5) Given the following