Master Advanced Business Dynamics: Exam Insights & Strategies
School
Danville Community College**We aren't endorsed by this school
Course
BUS 204
Subject
Management
Date
Dec 11, 2024
Pages
9
Uploaded by ProfLemurPerson1170
Exam Name: Advanced Business Dynamics EvaluationExam Time: 2 hoursTotal Score: 100 pointsInstructions:1. Answer all questions to the best of your ability.2. Provide detailed explanations and calculations where necessary.3. Multiple-choice questions are worth 2 points each, open-ended questions are worth 4 points each, and calculation questions are worth 6 points each.4. Ensure your answers are legible and clear.---Question 1: [Multiple Choice]In the context of Strategic Management, which of the following is a primary reason companies engage in strategic alliances?A) To eliminate competitionB) To gain access to new marketsC) To reduce employee turnoverD) To comply with regulationsAnswer: B) To gain access to new markets---Question 2: [Open-ended]Discuss the role of culture in an organization's strategic management. Provide an example of how cultural differences can impact the strategic planning process.[Answer space]---Question 3: [Multiple Choice]Which of the following is NOT a component of Operations Management?A) Quality managementB) Supply chain managementC) Workforce planningD) Financial analysis
Answer: D) Financial analysis---[Blank line]Question 4: [Open-ended]Explain the significance of the Hawthorne effect in Organizational Behavior and discuss howunderstanding this effect can help managers improve employee motivation and productivity.[Answer space]---[Blank line]Question 5: [Calculation]A company has a production line that can produce 1000 units per day at a fixed cost of $10,000 per day. Each unit sells for $20, and the variable cost per unit is $5. Calculate the breakeven point in terms of units and dollars.[Answer space]---[Blank line]Question 6: [Multiple Choice]In the context of Human Resource Management, which theory is NOT associated with the study of motivation?A) Maslow's hierarchy of needsB) Herzberg's two-factor theoryC) The equity theoryD) The expected utility theoryAnswer: D) The expected utility theory---[Blank line]
Question 7: [Open-ended]Explain the concept of corporate social responsibility and discuss the potential benefits and risks of CSR initiatives for an organization.[Answer space]---[Blank line]Question 8: [Calculation]A project manager is planning a project with the following tasks: Task A requires 3 days, Task B requires 4 days, and Task C requires 2 days. The manager wants to find the critical path and the expected project duration if the tasks are dependent as follows: Task B must start after Task A is complete, and Task C can start simultaneously with Task A but must finish before Task B starts.[Answer space]---[Blank line]Question 9: [Open-ended]Discuss the different styles of leadership and how each style can affect organizational change. Provide examples of leadership styles that are effective in managing change.[Answer space]---[Blank line]Question 10: [Multiple Choice]In the context of Marketing Management, which of the following is NOT one of the 4 P's of marketing?A) ProductB) PriceC) PromotionD) ProcessAnswer: D) Process
---[Blank line]Question 11: [Calculation]An entrepreneur is considering a venture that requires an initial investment of $50,000. Theexpected cash flows over the next 5 years are $10,000, $15,000, $20,000, $25,000, and $30,000. Assuming a discount rate of 10%, calculate the net present value (NPV) of the venture.[Answer space]---[Blank line]Question 12: [Open-ended]Discuss the ethical implications of using big data in marketing strategies. How can companies ensure they are responsibly using consumer data?[Answer space]---[Blank line]Question 13: [Calculation]In Financial Management, a company is evaluating a capital investment project with an initial outlay of $100,000 and expected annual cash inflows of $30,000 for the next 5 years. If the company's cost of capital is 12%, calculate the internal rate of return (IRR) for the project.[Answer space]---[Blank line]Question 14: [Open-ended]Analyze the concept of "blue ocean strategy" and discuss how it differs from the "red ocean strategy" in the context of strategic management.
[Answer space]---[Blank line]Question 15: [Multiple Choice]Which of the following is NOT a key aspect of entrepreneurship?A) InnovationB) Risk-takingC) Resource managementD) Employee satisfactionAnswer: D) Employee satisfaction---[Blank line]Question 16: [Calculation]A company has net income of $200,000, total assets of $1,500,000, and total equity of $1,000,000. Calculate the return on assets (ROA) and return on equity (ROE) for the company.[Answer space]---[Blank line]Question 17: [Open-ended]Discuss the importance of ethical decision-making in business and provide an example of how an unethical business practice can lead to negative consequences for a company.[Answer space]---[Blank line]Question 18: [Multiple Choice]Which of the following is a key function of financial management?
A) Product designB) BudgetingC) Marketing researchD) Employee trainingAnswer: B) Budgeting---[Blank line]Question 19: [Calculation]A company is considering a project with an initial investment of $100,000. The project is expected to generate cash inflows of $20,000 per year for the next 5 years. If the project has a cost of capital of 8%, calculate the payback period for the project.[Answer space]---[Blank line]Question 20: [Open-ended]Compare and contrast the roles of project managers and functional managers within an organization. Discuss the challenges each role may face and how these challenges can be addressed.[Answer space]---[Blank line]Question 21: [Multiple Choice]Which of the following is NOT a primary function of management?A) PlanningB) OrganizingC) LeadingD) MarketingAnswer: D) Marketing
---[Blank line]Question 22: [Calculation]A company is considering a project with an initial investment of $500,000. The project is expected to generate annual cash inflows of $150,000 for the next 10 years. If the company's cost of capital is 15%, calculate the net present value (NPV) of the project.[Answer space]---[Blank line]Question 23: [Open-ended]Discuss the importance of organizational culture and how it can affect the performance of an organization. Provide an example of an organization that has effectively managed its culture to enhance performance.[Answer space]---[Blank line]Question 24: [Multiple Choice]Which of the following is NOT a key driver of employee motivation?A) RecognitionB) AutonomyC) Job securityD) PayAnswer: C) Job security---[Blank line]Question 25: [Calculation]A company has total revenues of $1,000,000, cost of goods sold of $600,000, operating
expenses of $200,000, and interest expenses of $50,000. Calculate the gross margin, operating margin, and net margin for the company.[Answer space]---[Blank line]Question 26: [Open-ended]Discuss the concept of total quality management (TQM) and its impact on organizational performance. How can TQM principles be implemented to improve quality within an organization?[Answer space]---[Blank line]Question 27: [Multiple Choice]Which of the following is NOT a key component of a business plan?A) Market analysisB) Marketing strategyC) Financial projectionsD) Employee biosAnswer: D) Employee bios---[Blank line]Question 28: [Calculation]A company is considering a project with an initial investment of $200,000. The project is expected to generate cash inflows of $50,000 per year for the next 4 years. If the company's cost of capital is 10%, calculate the internal rate of return (IRR) for the project.[Answer space]---
[Blank line]Question 29: [Open-ended]Discuss the role of corporate social responsibility in enhancing a company's brand image and customer loyalty. Provide examples of how CSR initiatives can be effectively communicated to stakeholders.[Answer space]---[Blank line]Question 30: [Multiple Choice]Which of the following is a key aspect of financial management?A) Product developmentB) BudgetingC) Marketing researchD) Employee trainingAnswer: B) Budgeting---