SCENARIO 12-7 Microchip Technology Is at the Heart of Everything

question 70

Multiple Choice

SCENARIO 12-7 Microchip technology is at the heart of everything electronic.The stakes for manufacturers are high and market fluctuation makes for an uncertain future.Jim Forrest is CEO of BigChip Inc., a medium-sized company that manufactures specialty microchips used in a variety of computers to facilitate efficient graphics processing.Jim recognizes the need to diversify his manufacturing operations and is considering starting up a new division, which would design, develop and produce security chips.These would be used in situations ranging from data transmission to securing financial transactions.
Other companies are also considering involvement since the security market is potentially a large one.Jim knows that the rapid advancements in the field of computer hardware and software necessitates an innovative approach to development of any new technology.Jim realizes that responding to market conditions and world economic influence will have to be carefully dealt with.
A corporate ethics policy or guideline must be based on core values.Although Jim has practiced many of these values, he has never been faced with developing them and instilling them in his managers and employees.Which of the following is the most basic of core values to work with

• A)dominance
• B)persuasiveness
• C)articulateness
• D)responsibility
• E)power

Grasp the strategic management process and its initial steps.

Recognize the importance and impact of social media tools in managerial practices.

Identify key strategic management tools such as SWOT analysis and their components.

Comprehend the role of strategic consensus and implementation in business success.

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Definitions:

Negligently

Acting in a careless or thoughtless manner, often resulting in harm or damage to others.

Indemnity

A security or protection against a financial liability or loss.

Disability Insurance

A type of insurance policy providing income in the event a worker is unable to perform their job due to disability.

Contract

A legally binding agreement between two or more parties that is enforceable by law.