Question 1

Not all sectors of the economy are equally affected by technological developments; the ________ industry is much more volatile than the ________ industry.

Accepted Answer

A)  textile; communications 
B)  pharmaceutical; forestry 
C)  metals; electronics 
D)  forestry; communications 
E)  textile; pharmaceutical 
A)  textile; communications 
B)  pharmaceutical; forestry 
C)  metals; electronics 
D)  forestry; communications 
E)  textile; pharmaceutical

Question 2

List five steps that comprise an effective framework for conducting an EFE Matrix. Explain the details involved in performing any one of the steps.

Accepted Answer

The EFE Matrix can be developed in five

Question 3

An external audit focuses on identifying and evaluating trends and events within the control of management.

Accepted Answer

A) True 
 B)False

Question 4

Unpublished sources of external strategic information include all of the following EXCEPT

Accepted Answer

A)  abstracts. 
B)  customer surveys. 
C)  market research. 
D)  speeches at professional and shareholders' meetings. 
E)  conversations with stakeholders. 
A)  abstracts. 
B)  customer surveys. 
C)  market research. 
D)  speeches at professional and shareholders' meetings. 
E)  conversations with stakeholders.

Question 5

The critical success factors in a Competitive Profile Matrix and EFE Matrix include both internal and external issues.

Accepted Answer

A) True 
 B)False

Question 6

The trend toward an older America is bad news for restaurants, hotels, airlines and home builders.

Accepted Answer

A) True 
 B)False

Question 7

A low value of the dollar benefits the U.S. economy in many ways.

Accepted Answer

A) True 
 B)False

Question 8

Hawaii, California, and ________ already have no majority race or ethnic group.

Accepted Answer

A)  New York 
B)  New Jersey 
C)  New Hampshire 
D)  New Mexico 
E)  all of the above 
A)  New York 
B)  New Jersey 
C)  New Hampshire 
D)  New Mexico 
E)  all of the above

Not all sectors of the economy are equally affected by technological developments; the industry is much more volatile than the industry.

List five steps that comprise an effective framework for conducting an EFE Matrix. Explain the details involved in performing any one of the steps.

An external audit focuses on identifying and evaluating trends and events within the control of management.

Unpublished sources of external strategic information include all of the following EXCEPT

The critical success factors in a Competitive Profile Matrix and EFE Matrix include both internal and external issues.

The trend toward an older America is bad news for restaurants, hotels, airlines and home builders.

A low value of the dollar benefits the U.S. economy in many ways.

Hawaii, California, and ________ already have no majority race or ethnic group.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 3: The External Assessment

Not all sectors of the economy are equally affected by technological developments; the ________ industry is much more volatile than the ________ industry.

List five steps that comprise an effective framework for conducting an EFE Matrix. Explain the details involved in performing any one of the steps.

An external audit focuses on identifying and evaluating trends and events within the control of management.

Unpublished sources of external strategic information include all of the following EXCEPT

The critical success factors in a Competitive Profile Matrix and EFE Matrix include both internal and external issues.

The trend toward an older America is bad news for restaurants, hotels, airlines and home builders.

A low value of the dollar benefits the U.S. economy in many ways.

Hawaii, California, and ________ already have no majority race or ethnic group.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Not all sectors of the economy are equally affected by technological developments; the industry is much more volatile than the industry.