Industrial Organization Quiz # 1

A ________ firm uses both online and traditional stand-alone locations.

First mover

Clicks-and-bricks

Focuser

Brick-and-mortar

An organization's financial, physical, human, and intangible assets are known as its ________.

Resources

Capabilities

Opportunities

Strength

The difference between firing and layoffs is that ________.

Layoffs are not permanent.

Firing is not permanent.

Layoffs are voluntary

None of these

The tasks, duties, and responsibilities that make up a job are known as the _____.

Labor relations

Selection tools

A job analysis

Job description

The terms __________ and a mission statement are often used interchangeably.

Diversification

Departments

Cash cows

Vision

A mechanistic organization will _____________.

Have rules, regulations, and formal standards in place

Have decentralized decision making

Have broad and evolving job responsibilities

Have high degree of employee interdependence

One advantage of the delayering approach at north-west would be ____________.

Better clarity around job tasks

Better budgetary control over labor costs

Increased opportunity for promotion

More discretion to reward top performers

An internal analysis, the third step of the strategic management process helps identify ________.

Opportunities and threats

Resources and capabilities

Opportunities and possibilities

Values and philosophy

In staffing, o*net is used for ________.

Background job analysis information

Legal research

Job rewards analyses

Identifying a firm's best business strategy

The ______ is the number of subordinates who report directly to an executive or supervisor.

Degree of standardization

Span of control

Degree of specialization

Division of labor

Locus of control

A realistic job preview (rjp) includes ________ a job.

Only factual information about

Only positive aspects of

Only negative aspects of

Both positive and negative aspects of

A virtual organization is also known as a(n) ________ organization.

Boundaryless

Electronic

Modular

Pyramidal

Triangular

The rise of industrialization was accompanied by _____.

A loss of fertile land

Labor-intensive farming

The invention of new raw materials

An increased use of fossil fuels

_____ is incentive pay that ties at least part of compensation to employee effort and performance.

Universal compensation plan

Pay-for-performance

Cafeteria-plan

Group performance pay

A(n) _____ organization depends heavily on an informal structure of employee networks.

Hierarchical

Authoritative

Mechanistic

Bureaucratic

Organic

An organization's resources identify ________.

How the organization gets things done

Where the organization operates

When the organization operates

What the organization has

Cross-functional self-managed teams work best when ______________.

Leadership is shared

There are at least two line and staff mangers on the team

The teams consist of members of only two functional units

The academic levels of all members are comparable

Forecasting can use statistical methods or ______.

Human judgement

Functional

Stability

Corporate

Growth strategies include ________.

Diversification, concentration, integration, stabilization

Vertical integration, horizontal integration, concentration, diversification

Vertical integration, horizontal integration, lateral integration, horizontal concentration

Integration, allocation, horizontal diversification, vertical diversification

Lower-level managers are responsible for ________ strategies.

Functional

Stability

Corporate

Growth

Managers perform an external analysis so that they know about ________.

Their organization's core competencies

What vendors want

The firm's basic beliefs and ethical priorities

What the competition is doing

Regarding the findings from a swot analysis, organizational strengths are ____.

Skills and capabilities that give a company advantages in executing its strategies

Environmental factors that the organization may exploit for a competitive advantage

Both

None of these

Regarding the results of a swot analysis, organizational opportunities are ____.

Environmental factors that the organization may exploit for a competitive advantage

Skills and capabilities that give a company advantages in executing its strategies

Both

None of these

The combined external and internal analyses are called ________.

Competitor analysis.

Industry analysis.

Market analysis.

SWOT analysis.

The major value-creating capabilities of the organization are known as its ________.

Strengths

Opportunities

Core competencies

Resources

The three different types of strategies that managers implement are ________.

Corporate, private, functional

Corporate, competitive, functional

Long-term, short-term, public

Competitive, noncompetitive, corporate

When an organization is analyzing its labor supply, it is studying its ________.

Organizational culture

Internal environment

External environment

The right to sell a good or service within an exclusive market is a _____.

Franchise

Organizational culture

Internal environment

External environment

Organizational orientation informs a new employee about ________.

His or her responsibilities for the job

The history and philosophy of the organization

What expectations he or she has about the job are unrealistic

How their manager will evaluate the employee on the job

Bmw produces cars exclusively for high-income customers. bmw is pursuing a ______________ strategy.

Strategy is well understood.

Forward vertical integration.

Focused differentiation strategy

Greater barriers to entry.