Question 1

Strategy involves only the examination of an organization's goals.

Accepted Answer

A) True 
 B)False

Question 2

One strategic responsibility of managers and employees at other levels throughout the organization is

Accepted Answer

A)  strategy implementation. 
B)  situation analysis. 
C)  strategy formulation. 
D)  developing the organization's vision. 
E)  None of the answer choices is correct. 
A)  strategy implementation. 
B)  situation analysis. 
C)  strategy formulation. 
D)  developing the organization's vision. 
E)  None of the answer choices is correct.

Question 3

Theories developed about the efficiency and effectiveness of organizations were written by

Accepted Answer

A)  Frederick Taylor. 
B)  Chester Barnard. 
C)  Max Weber. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  Frederick Taylor. 
B)  Chester Barnard. 
C)  Max Weber. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 4

Mr. Smith has been losing money on the free delivery of orders more than $1,000 and is determining if there are other ways to outcompete his largest competitor. Mr. Smith is at which of the following steps in the strategic management process?

Accepted Answer

A)  Situation analysis 
B)  Strategy formulation 
C)  Strategy implementation 
D)  Strategy evaluation 
E)  Strategy reformulation 
A)  Situation analysis 
B)  Strategy formulation 
C)  Strategy implementation 
D)  Strategy evaluation 
E)  Strategy reformulation

Question 5

The fields of economics and organization studies provided the earliest academic bases for strategic management.

Accepted Answer

A) True 
 B)False

Question 6

An organization's strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.

Accepted Answer

A) True 
 B)False

Question 7

Bases for understanding strategic management are all of the following except

Accepted Answer

A)  managing strategically makes a difference in an organization's performance. 
B)  all organizations encounter changing situations. 
C)  single approaches to strategy development are superior to multiple approaches. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  managing strategically makes a difference in an organization's performance. 
B)  all organizations encounter changing situations. 
C)  single approaches to strategy development are superior to multiple approaches. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 8

Which of the following is not a major element of the strategic management process?

Accepted Answer

A)  Formulating strategy 
B)  Implementing strategy 
C)  Evaluating strategy 
D)  Assigning administrative tasks 
E)  Undertaking a situation analysis 
A)  Formulating strategy 
B)  Implementing strategy 
C)  Evaluating strategy 
D)  Assigning administrative tasks 
E)  Undertaking a situation analysis

Question 9

Which of the following is not a characteristic of strategic management that makes it different from other types of management?

Accepted Answer

A)  It is interdisciplinary. 
B)  It has an external focus. 
C)  It has an internal focus. 
D)  It concerns the present direction of the organization. 
E)  None of the answer choices is correct. 
A)  It is interdisciplinary. 
B)  It has an external focus. 
C)  It has an internal focus. 
D)  It concerns the present direction of the organization. 
E)  None of the answer choices is correct.

Question 10

The following are all features of strategic management except

Accepted Answer

A)  interdisciplinary. 
B)  external focus. 
C)  internal focus. 
D)  future direction. 
E)  All of the answer choices are correct. 
A)  interdisciplinary. 
B)  external focus. 
C)  internal focus. 
D)  future direction. 
E)  All of the answer choices are correct.

Question 11

An organization's strategies should be designed so that they incorporate

Accepted Answer

A)  opportunities and threats. 
B)  resources and capabilities. 
C)  only traditional values of past organizations. 
D)  opportunities, threats, resources, and capabilities. 
E)  None of the answer choices is correct. 
A)  opportunities and threats. 
B)  resources and capabilities. 
C)  only traditional values of past organizations. 
D)  opportunities, threats, resources, and capabilities. 
E)  None of the answer choices is correct.

Question 12

The CEO's typical role is that of the chief strategist.

Accepted Answer

A) True 
 B)False

Question 13

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of

Accepted Answer

A)  the corporate vision. 
B)  the corporate mission. 
C)  financial information. 
D)  the balanced scorecard. 
E)  All of the answer choices are correct. 
A)  the corporate vision. 
B)  the corporate mission. 
C)  financial information. 
D)  the balanced scorecard. 
E)  All of the answer choices are correct.

Question 14

Business strategies are concerned with the broad and more long-term choices of "what business(es)are we in or do we want to be in, and what do we want to do with these businesses?"

Accepted Answer

A) True 
 B)False

Question 15

Strategic management is defined as

Accepted Answer

A)  those decisions and actions where organizational members analyze the current situation and develop appropriate strategies. 
B)  putting those strategies into action. 
C)  evaluating and changing those strategies as needed. 
D)  developing appropriate strategies. 
E)  All of the answer choices are correct. 
A)  those decisions and actions where organizational members analyze the current situation and develop appropriate strategies. 
B)  putting those strategies into action. 
C)  evaluating and changing those strategies as needed. 
D)  developing appropriate strategies. 
E)  All of the answer choices are correct.

Question 16

Types of strategies within organizations include

Accepted Answer

A)  corporate strategies. 
B)  functional strategies. 
C)  competitive strategies. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  corporate strategies. 
B)  functional strategies. 
C)  competitive strategies. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 17

Examples of an organization's functional units include all of the following except

Accepted Answer

A)  marketing. 
B)  research and development. 
C)  competencies. 
D)  production. 
E)  All of the answer choices are correct. 
A)  marketing. 
B)  research and development. 
C)  competencies. 
D)  production. 
E)  All of the answer choices are correct.

Question 18

The basic activities of strategic management include

Accepted Answer

A)  offense, defense, and control. 
B)  situation analysis, strategy formulation, strategy implementation, and strategy evaluation. 
C)  development, control, and management. 
D)  ethics, management, and practice. 
E)  None of the answer choices is correct. 
A)  offense, defense, and control. 
B)  situation analysis, strategy formulation, strategy implementation, and strategy evaluation. 
C)  development, control, and management. 
D)  ethics, management, and practice. 
E)  None of the answer choices is correct.

Question 19

Strategy formulation is the responsibility of managers and employees at other levels throughout the organization.

Accepted Answer

A) True 
 B)False

Question 20

A situation analysis is the first step in the sequential strategic management process.

Accepted Answer

A) True 
 B)False

Strategy involves only the examination of an organization's goals.

One strategic responsibility of managers and employees at other levels throughout the organization is

Theories developed about the efficiency and effectiveness of organizations were written by

Mr. Smith has been losing money on the free delivery of orders more than $1,000 and is determining if there are other ways to outcompete his largest competitor. Mr. Smith is at which of the following steps in the strategic management process?

The fields of economics and organization studies provided the earliest academic bases for strategic management.

An organization's strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.

Bases for understanding strategic management are all of the following except

Which of the following is not a major element of the strategic management process?

Which of the following is not a characteristic of strategic management that makes it different from other types of management?

The following are all features of strategic management except

An organization's strategies should be designed so that they incorporate

The CEO's typical role is that of the chief strategist.

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of

Business strategies are concerned with the broad and more long-term choices of "what business(es)are we in or do we want to be in, and what do we want to do with these businesses?"

Strategic management is defined as

Types of strategies within organizations include

Examples of an organization's functional units include all of the following except

The basic activities of strategic management include

Strategy formulation is the responsibility of managers and employees at other levels throughout the organization.

A situation analysis is the first step in the sequential strategic management process.

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters

Exam 1: Introducing the Concepts

Strategy involves only the examination of an organization's goals.

One strategic responsibility of managers and employees at other levels throughout the organization is

Theories developed about the efficiency and effectiveness of organizations were written by

Mr. Smith has been losing money on the free delivery of orders more than $1,000 and is determining if there are other ways to outcompete his largest competitor. Mr. Smith is at which of the following steps in the strategic management process?

The fields of economics and organization studies provided the earliest academic bases for strategic management.

An organization's strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.

Bases for understanding strategic management are all of the following except

Which of the following is not a major element of the strategic management process?

Which of the following is not a characteristic of strategic management that makes it different from other types of management?

The following are all features of strategic management except

An organization's strategies should be designed so that they incorporate

The CEO's typical role is that of the chief strategist.

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of

Business strategies are concerned with the broad and more long-term choices of "what business(es)are we in or do we want to be in, and what do we want to do with these businesses?"

Strategic management is defined as

Types of strategies within organizations include

Examples of an organization's functional units include all of the following except

The basic activities of strategic management include

Strategy formulation is the responsibility of managers and employees at other levels throughout the organization.

A situation analysis is the first step in the sequential strategic management process.

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters