AK/ADMS 4900.03
MANAGEMENT POLICY – PART 1

MID-TERM EXAM

June 25th, 2009

STUDENT’S NAME:__________________________________

STUDENT NUMBER:__________________________________

THIS EXAM CONSISTS OF TWO PARTS:

PART 1: 18 multiple choice questions (1 mark each) /18

PART 2: 15 short answer questions of which you must answer any 12 (4 marks each) /48

GRADE /66

CONVERT /100

INSTRUCTIONS

□ This booklet contains Parts 1 and 2 of the exam and totals 15 numbered pages inclusive of this cover page. Enter your answers directly in this booklet. □ This exam is closed book. □ You have 2 1/2 hours to complete Parts 1 and 2. □ Your answers must be written in ink (pens only, no pencils) □ Read and follow the instructions for each part carefully. □ Good luck!

PART 1

MULTIPLE CHOICE

This part consists of 18 multiple choice questions worth one mark each. Read each question carefully and circle the letter corresponding to the most appropriate answer. You will receive one mark for each correct answer. No marks are deducted for wrong answers.

For time management purposes, you should complete this part in approximately 25 minutes.

1. The two approaches to characterizing mission statements are:

a) Philosophy/ethics and strategy b) Behavior and rationale c) Objectives and target markets d) Beliefs and intent e) Purpose and behavior

2. According to Prahalad and Hamel, what is likely the highest number of world leading competences that any one firm might develop?

a) Two b) Three c) Four d) Five e) Six

3. Mintzberg and Waters (1985) are among the many who view the typical planned, formal process of strategy formulation with some