Mgmt 303 Final Exam Devry 2014

MGMT 303 Final Exam DEVRY 2014

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Question 1.1.(TCO 1) At the _____ managerial level, technical skills are particularly important. (Points : 7)

top management

operational employee

middle management

first-line supervisor

board of directors

Question 2.2.(TCO 2) Which of the following is an example of a merger? (Points : 7)

Brown Electronics and Kelvin Data Systems form a new company, and Brown and Kelvin cease to exist.

Brown Electronics buys Kelvin Data Systems and continues to operate as Brown Electronics.

Brown Electronics buys Kelvin Data Systems, and Kelvin operates as a subsidiary of Brown.

Brown completes a hostile takeover of Kelvin.

None of the above

Question 3.3.(TCO 3) The Sarbanes-Oxley Act requires _____ to vouch for the truthfulness and fairness of the firm’s financial disclosures. (Points : 7)

all employees

managers

senior managers

board members

senior managers and board

Question 4.4.(TCO 4) McDonald’s operates restaurants around the world in airports. The agreement between McDonald’s and the airports is a(n) (Points : 7)

global sourcing agreement.

strategic alliance.

global business.

exporting agreement.

direct investment.

Question 5.5.(TCO 5) _____ planning is the process by which managers identify alternative courses of action that the organization might follow if various conditions arise. (Points : 7)

Strategic

Standard

Contingency

Integrative

Goal optimization

Question 6.6.(TCO 6) The overall purpose of a business plan is to (Points : 7)

identify all actions required up to the point when the firm opens its doors.

outline activities for the business in its first year of operation.

provide prospective lenders with a blueprint for action....