1. One of the strategies GM is using to regain some of its margin is cutting back on the
number of platforms on which they will produce their automobiles. This action is
indicative of GM using a(n) ________________ approach to deal with their situation.
A. defender
B. prospector
C. analyzer
D. administrator
E. reactor
2. Based on its past history of bankruptcy and government bailouts, it appears that GM
previously waited until they were facing a crisis before they addressed their problems. As
such, GM could be described as a company that was a _______________.
A. defender
B. prospector
C. analyzer
D. administrator
E. reactor
3. Daniel Akerson, GM’s CEO was __________when he said that GM needs to focus .on
profits and margins and not necessarily try to post numbers on the board..
A. dreaming
B. imagining
C. planning
D. leading
E. engineering
4. According to the planning/control cycle, which of the following actions taken by GM
would best be described as being part of step 4, .controlling the direction.?
A. Deciding to boost sales by giving incentives in 2011.
B. Deciding to cut incentives in 2012.
C. Seeking bankruptcy and bailout protection.
D. Attempting to have a 10% margin.
E. Shooting for $10 billion in profits.
5. Daniel Akerson’s statement concerning GM’s need to focus .on profits and margins and
not necessarily try to post numbers on the board. seems to indicate that perhaps GM is
attempting to alter which component of the planning process?
A. The organization’s mission and vision.
B. Their production strategy.
C. Their strategic control system.
D. Their operational planning.
E. Implementation of the organization’s strategic plan.