The major actions by which a multinational competes across several industries are a part of:

A$)$ Corporate strategy

B$)$ Business strategy

C$)$ Functional strategy

D$)$ BCG matrix plan

E$)$ Situation analysis

With a skilled workforce and dynamic environment, a firm can eliminate management levels and encourage teamwork. This firm would probably have authority and span of control.

A$)$ Centralized, narrow

B$)$ Centranzed, wide

C$)$ Decentralized, narrow

D$)$ Decentralized, wide

E$)$ No$,$ limited

When departmentalization is based on a group of people who work together and who have similar skills and knowledge in performing their jobs, it is called a:

A$)$ Divisional structure

B$)$ Matrix structure

C$)$ Functional structure

D$)$ Hybrid structure

E$)$ Product team structure

Typically, as organizations grow in size, they move from

A$)$ Functional to divisional or cross$-$team

B$)$ vivisional to runctionar structures.

B$)$ Hybrid to functional

C$)$ None of the above

D$)$ Hybrid to matrix

is a plan specifically designed to meet the needs of a unique situation.

A$)$ A multipurpose plan

B$)$ A standard plan

C$)$ An operational plan

D$)$ A single$-$use plan

E$)$ None of the above

A city's policy concerning skateboarding on downtown sidewalks that guides police action would be considered what type of plan?

A$)$ standing

B$)$ contingency

C$)$ single use

E$)$ short term

D$)$ scenario

Planning is important since it provides an organization with all of the following except

A$)$ Unity of direction

B$)$ Control

C$)$ Coordination

D$)$ Motivation

E$)$ All of the above

When a company decides to sell affordable children's clothing for toddlers ages $1-5$ years, it is pursuing:

A$)$ focus cost

B$)$ focus differentiation

C$)$ cost strategy

D$)$ stability

E$)$ integration

All of the following are benefits of strategic management except:

A$)$ Improved action plans

B$)$ Better direction and focus

C$)$ High$-$efficiency

D$)$ Low synergy

E$)$ Better uncertainty management

Six Thinking Hats is a tool for:

A$)$ strategic analysis

B$)$ minimizing cognitive biases

C$)$ industry analysis

D$)$ SWOT analysis

E$)$ environmental analysis