Exam 1: What Is Strategy and the Strategic Management Process

The view that equity holders only receive payment on their investment in a firm after all legitimate claims by a firm's other stakeholders are satisfied is known as the ________ view of equity holders.

(Multiple Choice)

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Question 41

A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.

(Multiple Choice)

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Question 42

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why , while the latter attempts to explain .

(Multiple Choice)

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Question 43

A firm that earns below average accounting performance generally experiences a competitive disadvantage.

(True/False)

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Question 44

From 1926 to 1995, visionary firms earned ________ returns compared to firms that were not visionary firms.

(Multiple Choice)

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Question 45

Which ratio signals a greater risk of bankruptcy as it increases?

(Multiple Choice)

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Question 46

Firms that generate less economic value than their rivals experience a competitive

(Multiple Choice)

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Question 47

Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project. It wants to ensure that it performs the process correctly and so intends to start the process with the first step of the strategic planning process, which is

(Multiple Choice)

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Question 48

A "good strategy" does not necessarily have to create a competitive advantage.

(True/False)

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Question 49

Using ratio analysis, a firm earns ________ when its performance is greater than the industry average.

(Multiple Choice)

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Question 50

Mission statements often contain so many common elements that even if a firm's mission statement does not influence behavior throughout an organization, it is likely to have a significant impact on a firm's actions.

(True/False)

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Question 51

________ are ratios with some measure of profit in the numerator and some measure of firms' size or assets in the denominator.

(Multiple Choice)

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Question 52

Thermacorp's 17.3% ROE is an example of a(n) ________ ratio.

(Multiple Choice)

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Question 53

By conducting a(n) ________, a firm identifies the critical threats and opportunities in its competitive environment.

(Multiple Choice)

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Question 54

Accounts receivable turnover is an example of which type of ratio?

(Multiple Choice)

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Question 55

Define the term "mission" and discuss how a firm's mission can both positively and negatively impact a firm's performance.

(Essay)

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Question 56

The ultimate objective of the strategic management process is to enable a firm to choose and implement a strategy that leads to a competitive advantage.

(True/False)

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Question 57

Describe the difference between emergent and intended strategies. Why might firms employ an emergent strategy?

(Essay)

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Question 58

High quality objectives are those that are

(Multiple Choice)

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Question 59

Which type of ratios focus on the ability of a firm to meet its short-term financial obligations?

(Multiple Choice)

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Question 60

Showing 41 - 60 of 100

The view that equity holders only receive payment on their investment in a firm after all legitimate claims by a firm's other stakeholders are satisfied is known as the ________ view of equity holders.

A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why , while the latter attempts to explain .

A firm that earns below average accounting performance generally experiences a competitive disadvantage.

From 1926 to 1995, visionary firms earned ________ returns compared to firms that were not visionary firms.

Which ratio signals a greater risk of bankruptcy as it increases?

Firms that generate less economic value than their rivals experience a competitive

Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project. It wants to ensure that it performs the process correctly and so intends to start the process with the first step of the strategic planning process, which is

A "good strategy" does not necessarily have to create a competitive advantage.

Using ratio analysis, a firm earns ________ when its performance is greater than the industry average.

Mission statements often contain so many common elements that even if a firm's mission statement does not influence behavior throughout an organization, it is likely to have a significant impact on a firm's actions.

________ are ratios with some measure of profit in the numerator and some measure of firms' size or assets in the denominator.

Thermacorp's 17.3% ROE is an example of a(n) ________ ratio.

By conducting a(n) ________, a firm identifies the critical threats and opportunities in its competitive environment.

Accounts receivable turnover is an example of which type of ratio?

Define the term "mission" and discuss how a firm's mission can both positively and negatively impact a firm's performance.

The ultimate objective of the strategic management process is to enable a firm to choose and implement a strategy that leads to a competitive advantage.

Describe the difference between emergent and intended strategies. Why might firms employ an emergent strategy?

High quality objectives are those that are

Which type of ratios focus on the ability of a firm to meet its short-term financial obligations?

Evaluating a Firms External Environment

Evaluating a Firms Internal Capabilities

Cost Leadership

Product Differentiation

Vertical Integration

Corporate Diversification

Organizing to Implement Corporate Diversification

Strategic Alliances

Mergers and Acquisitions

International Strategies

Filters

Exam 1: What Is Strategy and the Strategic Management Process

The view that equity holders only receive payment on their investment in a firm after all legitimate claims by a firm's other stakeholders are satisfied is known as the ________ view of equity holders.

A competitive advantage that lasts a very short period of time is known as a ________ competitive advantage.

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why ________, while the latter attempts to explain ________.

A firm that earns below average accounting performance generally experiences a competitive disadvantage.

From 1926 to 1995, visionary firms earned ________ returns compared to firms that were not visionary firms.

Which ratio signals a greater risk of bankruptcy as it increases?

Firms that generate less economic value than their rivals experience a competitive

Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project. It wants to ensure that it performs the process correctly and so intends to start the process with the first step of the strategic planning process, which is

A "good strategy" does not necessarily have to create a competitive advantage.

Using ratio analysis, a firm earns ________ when its performance is greater than the industry average.

Mission statements often contain so many common elements that even if a firm's mission statement does not influence behavior throughout an organization, it is likely to have a significant impact on a firm's actions.

________ are ratios with some measure of profit in the numerator and some measure of firms' size or assets in the denominator.

Thermacorp's 17.3% ROE is an example of a(n) ________ ratio.

By conducting a(n) ________, a firm identifies the critical threats and opportunities in its competitive environment.

Accounts receivable turnover is an example of which type of ratio?

Define the term "mission" and discuss how a firm's mission can both positively and negatively impact a firm's performance.

The ultimate objective of the strategic management process is to enable a firm to choose and implement a strategy that leads to a competitive advantage.

Describe the difference between emergent and intended strategies. Why might firms employ an emergent strategy?

High quality objectives are those that are

Which type of ratios focus on the ability of a firm to meet its short-term financial obligations?

Evaluating a Firms External Environment

Evaluating a Firms Internal Capabilities

Cost Leadership

Product Differentiation

Vertical Integration

Corporate Diversification

Organizing to Implement Corporate Diversification

Strategic Alliances

Mergers and Acquisitions

International Strategies

Filters

In many ways, the difference between traditional economics research and strategic management research is that the former attempts to explain why , while the latter attempts to explain .