Question 1.Which of the following is not effective in a reward and incentive program?
- Tying executive bonuses to achieving companywide objectives
- Bonuses that are part of an executive's contract when hired
- Giving managers bonuses for achieving operational objectives
- Profit-sharing bonuses for team performance that meets objectives
- Increased autonomy and more challenging assignments for jobs well done
Question 2.Setting objectives before deciding on a strategy provides more options and direction.
Question 3.Policies are a useful guide to formulating strategies.
Question 4.Which is not a source of funds for a company to finance a bundle?
- Cash on hand and from operations
- Selling stock if a public company or getting an equity investment
- Retained earnings
- Adding new long-term debt
- Selling fixed assets
Question 5.Which of the following is a criterion for creating bundles?
- They must not include different strategies
- They must be feasible
- They must invest in other industries
- They must diversify through acquisition
- None of the above
Question 6.The best criteria to use for evaluating strategic alternatives are those that the company perceives as contributing to "success."
Question 7.Which of the following is an example of a partial objective?
- Increase throughput by 5%/yr
- Increase revenues by 10%/yr
- Increase NIAT by 15%/yr
- Increase international sales by 10%/yr
- Hire 150 more salesmen next year
Question 8.Emergent strategies affect all planned strategies.
Question 9.An adaptive culture is high on which trait?
- Open communications
- Learning
- Teamwork
- Individual initiative
- All of the above
Question 10.GANTT charts and PERT (critical path) software achieve the same purpose.