Phl 320 Week 3 Knowledge Check

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PHL 320 Week 3 Knowledge Check

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1. Step 2 of the planning process is the generation of alternative plans that may be used to achieve goals. The generation of new ideas may emerge
A. only if the person is thinking about the situation
B. while the person is doing something else
C. only in a group discussion
D. only while asleep
2.To be effective, goals should have certain qualities, which are easy to remember with the acronym SMART. Which of the following qualities are included in the SMART acronym?
A. Authentic
B. Market
C. Specific
D. Trends
3. Managers analyzing the external environment and the internal resources use a SWOT analysis. Which of the following matches a term in the SWOT acronym?
A. Timing
B. Stress
C. Opportunities
D. Work plan
4. Which of the following are included in the three elements of creativity:
A. Domain skills
B. Innate ability
C. Rote memory
D. Followership
5. The four step creative process includes
A. the statement process
B. the stalemate process
C. the incubation process
D. the coverage process
6. Which of the following is a domain skill?
A. Expertise
B. Reading for pleasure
C. Athletic ability
D. Emotional stability
7.Barriers to applying creative thinking in business decision making include
A. not listening to new ideas from front line managers
B. brainstorming for creative ideas
C. customer satisfaction surveys
D. analyzing internal strengths and weaknesses
8. The mission statement of an organization
A. is a collection of goals set by the operations department
B. is a clear and concise expression of the basic purpose of the organization
C. is a statement of customer rights
D. is a summary of the SWOT analysis
9. The intangible assets of an organization include
A. the company’s…...

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Eco 365 Week 3 Knowledge Check New

...ECO 365 Week 3 Knowledge Check NEW To Buy This material Click below link http://www.uoptutors.com/uop-eco-365-new/eco-365-week-3-knowledge-check-new ECO 365 Week 3 Knowledge Check 1. In a monopolistically competitive market, A. firms produce differentiated products B. there are barriers to entry C. firms produce homogeneous products D. the demand for any firm’s product is perfectly elastic 2. Strategic decision making is most important in A. competitive markets B. monopolistically competitive markets C. oligopolistic markets D. monopolistic markets 3. The general monitoring problem implies that A. profit maximization should always be considered to be a firm’s goal B. there is a cost of supervising employees so that they work toward the owner’s goals rather than their own C. government must intervene to protect national goals D. competition will ensure common goals among the owners and managers of a firm 4. Lazy monopolists are characterized by the tendency to A. maximize profits at the cost of losing market share B. pay too much to protect their monopoly positions C. earn enough profits to keep their shareholders happy without trying too hard to hold costs down D. minimize losses so that the dividends of shareholders are maximized 5. Judgment by performance means that the competitiveness of a market is determined by A. the actual behavior of firms in the market B. the structure of the industry C. . the number of firms in the market D. technological...

Words: 386 - Pages: 2