1. Discuss the major
corporate-level strategy formulation responsibilities, and how they
are different from business-level strategy formulation
responsibilities (review ch. 5)?
2. Why might an
organization choose to diversify? Define related and unrelated
diversification?
3. What are Mergers
and Acquisitions? What are some potential problems with it? Define
Poison Pill.
4. What is BCG
Matrix? Explain the characteristics of a question mark, star, cash
cow and dog.
Develop a Chase Strategy and a Level Strategy based on the
following information.
• The Level Strategy requires the use of a constant workforce
equal to the minimum requirement based on the expected demand
(Note: Any needed capacity can be fulfilled with overtime.)
• Chase strategy should use ‘hiring and firing’ actions to
balance the capacity.
Twenty-three workers worked during February. Illustrate and
explain which is the best plan.
March
April
May
June
Beginning Inventory
600
300
250
200
Demand...
First question) Define job production, batch production and mass
production, and briefly state the drawbacks for each of these
approaches to production.
Second question) Draw and label a graph to illustrate economies
of scale and show on your graph the relationship between economies
of scale and job production, batch production and mass
production.
· Question 16
For a monopolist, at each output level, marginal revenue is less
than the price because:
of the law of diminishing returns
monopolist produces a larger output than would purely
competitive firms
price should be lowered to increase sales quantity
· Question 17
In the long-run, a pure monopolist will make:
zero economic profit
only normal profit
decreasing economic profit
zero or positive economic profit
· Question 18
Which of the following is not necessarily true at the...
Read the statements issued by the PCAOB and SEC on May 16, 2005,
and briefly describe the apparent underlying cause(s) for the
auditors' failures in applying the concept of reasonable assurance.
Pay special attention to the portion of the PCAOB's policy
statement entitled "The Importance of Professional Judgment."