Question 1

Sustainability reflects business practices to manage the firm's triple bottom line.

Accepted Answer

A) True 
 B)False

Question 2

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

Accepted Answer

A)  generating feedback to decision makers. 
B)  monitoring corporate activities and performance. 
C)  stimulating a review of the corporation's strategic management. 
D)  pinpointing problem areas. 
E)  determining top management benefits packages. 
A)  generating feedback to decision makers. 
B)  monitoring corporate activities and performance. 
C)  stimulating a review of the corporation's strategic management. 
D)  pinpointing problem areas. 
E)  determining top management benefits packages.

Question 3

A budget is a statement of a corporation's programs in dollar terms. Which is NOT True of the budgetary function?

Accepted Answer

A)  It is used in planning and control. 
B)  It serves as a detailed plan of strategy in action. 
C)  Only one budget is necessary to capture all programs. 
D)  It details the impact on the firm's future financial situation. 
E)  It is used as a means of measuring success based on certain criteria. 
A)  It is used in planning and control. 
B)  It serves as a detailed plan of strategy in action. 
C)  Only one budget is necessary to capture all programs. 
D)  It details the impact on the firm's future financial situation. 
E)  It is used as a means of measuring success based on certain criteria.

Question 4

The mode of strategic decision making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

Accepted Answer

A)  adaptive. 
B)  entrepreneurial. 
C)  logical incrementalism. 
D)  planning. 
E)  none of the above 
A)  adaptive. 
B)  entrepreneurial. 
C)  logical incrementalism. 
D)  planning. 
E)  none of the above

Question 5

Performance results are monitored at the strategy formulation phase of the strategic management process.

Accepted Answer

A) True 
 B)False

Question 6

According to Henry Mintzberg, the three most typical approaches to strategic decision making are

Accepted Answer

A)  entrepreneurial, adaptive, and planning. 
B)  entrepreneurial, logical incrementalism, and planning. 
C)  logical incrementalism, strategic planning, and systematic scanning. 
D)  environmental scanning, formulation, and implementation. 
E)  directive, rare, and consequential. 
A)  entrepreneurial, adaptive, and planning. 
B)  entrepreneurial, logical incrementalism, and planning. 
C)  logical incrementalism, strategic planning, and systematic scanning. 
D)  environmental scanning, formulation, and implementation. 
E)  directive, rare, and consequential.

Sustainability reflects business practices to manage the firm's triple bottom line.

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

A budget is a statement of a corporation's programs in dollar terms. Which is NOT True of the budgetary function?

The mode of strategic decision making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

Performance results are monitored at the strategy formulation phase of the strategic management process.

According to Henry Mintzberg, the three most typical approaches to strategic decision making are

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 1: Basic Concepts in Strategic Management

Sustainability reflects business practices to manage the firm's triple bottom line.

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

A budget is a statement of a corporation's programs in dollar terms. Which is NOT True of the budgetary function?

The mode of strategic decision making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

Performance results are monitored at the strategy formulation phase of the strategic management process.

According to Henry Mintzberg, the three most typical approaches to strategic decision making are

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters