Bussiness Management-6(1-20questions)mcq.

Question 1 of 20   
In the United States legal-political environment, changes are slow and legal and political procedures are well established such that its global political risk stability strategy is:

 

    A. maximum.   
 

    B. high.   
 

    C. moderate.   
 

    D. low.   


 

Question 2 of 20   
The international economic environment factor whose timing can significantly affect a company's balance sheet and bottom line is:

 

    A. inflation rate.   
 

    B. tax policy.   
 

    C. currency exchange rate.   
 

    D. state price support.   


 

Question 3 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 4 of 20   
A business that is characterized by innovative strategic practices and which has as its main goals profitability and growth is called:

 

    A. a small business.   
 

    B. an entrepreneurial venture.   
 

    C. strategically positioned.   
 

    D. a cash cow.   


 

Question 5 of 20   
Small firms generate __________ percent of all net new jobs annually.

 

    A. 25 to 34   
 

    B. 35 to 44   
 

    C. 45 to 55   
 

    D. 60 to 80   


 

Question 6 of 20   
Which of the following is a strategic advantage of small businesses and entrepreneurial ventures over larger businesses?

 

    A. Willingness to take risks   
 

    B. Seek out new opportunities   
 

    C. Respond quickly to changing conditions   
 

    D. Strategic goals are profitability and growth   


 

Question 7 of 20   
The strategic management process differs for small businesses and entrepreneurial ventures when compared to larger organizations because small businesses and entrepreneurial ventures have:

 

    A. inexperienced managers.   
 

    B. limited resources.   
 

    C. smaller organizational objectives.   
 

    D. low growth potential.   


 

Question 8 of 20   
The competitive strategy choices for small businesses and entrepreneurial ventures are:

 

    A. often limited to focus strategies.   
 

    B. often limited to a differentiated strategy.   
 

    C. limited because of technological advances.   


 

Question 9 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 10 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 11 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 12 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 13 of 20   
A not-for-profit organization created, funded, and regulated by the public sector or government can be referred to as a(n) __________ organization.

 

    A. private-sector   
 

    B. efficient   
 

    C. public-sector   
 

    D. effective   


 

Question 14 of 20   
Public sector organizations are most affected by __________ constraints.

 

    A. internal   
 

    B. external   
 

    C. efficiency   
 

    D. managerial   


 

Question 15 of 20   
Research on community arts organizations has indicated that Porter's strategy(ies) of __________ is(are) utilized.

 

    A. cost leadership   
 

    B. differentiation   
 

    C. cost leadership, differentiation, and focus   
 

    D. differentiation and focus   


 

Question 16 of 20   
Both public sector and not-for-profit organizations must develop a(n) __________ to ensure their continued existence.

 

    A. competitive advantage   
 

    B. strong management pool   
 

    C. lobbying group   
 

    D. link with companies   


 

Question 17 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 18 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 19 of 20   
The strategy, that has the primary intent to enhance the image of the supporting company, is known as:

 

    A. cause-related marketing.   
 

    B. not-for-profit marketing alliances.   
 

    C. licensing.   
 

    D. direct investment.   


 

Question 20 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.