Question 1

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

Accepted Answer

A)  I 
B)  II 
C)  III 
D)  IV 
E)  V 
A)  I 
B)  II 
C)  III 
D)  IV 
E)  V

Question 2

The Boston Consulting Group (BCG) Matrix requires more information about the divisions than the Internal-External (IE) Matrix.

Accepted Answer

A) True 
 B)False

Question 3

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

Accepted Answer

A) True 
 B)False

Question 4

In the Boston Consulting Group (BCG) Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Accepted Answer

A)  X-axis 
B)  Y-axis 
C)  First quadrant 
D)  Second quadrant 
E)  Third quadrant 
A)  X-axis 
B)  Y-axis 
C)  First quadrant 
D)  Second quadrant 
E)  Third quadrant

Question 5

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

Accepted Answer

A) True 
 B)False

Question 6

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

Accepted Answer

A) True 
 B)False

Question 7

All of the following are limitations of the Boston Consulting Group (BCG) Matrix EXCEPT

Accepted Answer

A)  viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  the matrix requires at least three years worth of data. 
C)  the matrix does not reflect divisional or industry growth over time. 
D)  the matrix does not allow a company to be classified as somewhere in between two categories. 
E)  variables such as size of market and competitive advantages are not considered in the Matrix. 
A)  viewing every business as a star, cash cow, dog or question mark can be an oversimplification. 
B)  the matrix requires at least three years worth of data. 
C)  the matrix does not reflect divisional or industry growth over time. 
D)  the matrix does not allow a company to be classified as somewhere in between two categories. 
E)  variables such as size of market and competitive advantages are not considered in the Matrix.

Question 8

Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification.

Accepted Answer

A) True 
 B)False

Question 9

A benefit of the Sarbanes-Oxley Act is that it has shifted power from directors to CEOs.

Accepted Answer

A) True 
 B)False

Question 10

The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position and Action Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, the Internal-External (IE) Matrix, and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

Accepted Answer

A) True 
 B)False

Question 11

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

Accepted Answer

A) True 
 B)False

Question 12

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

Accepted Answer

A) True 
 B)False

Question 13

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Accepted Answer

A) True 
 B)False

Question 14

Successful strategists minimize their own political exposure on issues that are ________ and in circumstances where opposition from major power centers is likely.

Accepted Answer

A)  highly controversial 
B)  nominally controversial 
C)  power centered 
D)  strategy centered 
E)  tactic optimized 
A)  highly controversial 
B)  nominally controversial 
C)  power centered 
D)  strategy centered 
E)  tactic optimized

Question 15

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

Accepted Answer

A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5 
A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
E)  Stage 5

Question 16

Which of the following is a limitation associated with a SWOT Matrix?

Accepted Answer

A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time. 
A)  Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 
B)  Many businesses fall right in the middle of the matrix. 
C)  It is a static assessment in time. 
D)  Other variables besides relative market share position and industry growth rate in sales need to be considered. 
E)  The matrix does not reflect whether or not various divisions or their industry are growing over time.

Question 17

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Accepted Answer

A) True 
 B)False

Question 18

Step 1 of the Quantitative Strategic Planning Matrix (QSPM) assigns weights to each key external and internal factor.

Accepted Answer

A) True 
 B)False

Question 19

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called ________ matrices.

Accepted Answer

A)  portfolio 
B)  security 
C)  strategy 
D)  vector 
E)  velocity 
A)  portfolio 
B)  security 
C)  strategy 
D)  vector 
E)  velocity

Question 20

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

Accepted Answer

A)  List the firm's key external threats. 
B)  Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell. 
C)  Match internal strengths with external threats, and record the resultant ST strategies. 
D)  List the firm's external weaknesses. 
E)  List the firm's external opportunities. 
A)  List the firm's key external threats. 
B)  Match internal strengths with external opportunities, and record the resultant SO strategies in the appropriate cell. 
C)  Match internal strengths with external threats, and record the resultant ST strategies. 
D)  List the firm's external weaknesses. 
E)  List the firm's external opportunities.

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

The Boston Consulting Group (BCG) Matrix requires more information about the divisions than the Internal-External (IE) Matrix.

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

In the Boston Consulting Group (BCG) Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

All of the following are limitations of the Boston Consulting Group (BCG) Matrix EXCEPT

Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification.

A benefit of the Sarbanes-Oxley Act is that it has shifted power from directors to CEOs.

The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position and Action Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, the Internal-External (IE) Matrix, and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Successful strategists minimize their own political exposure on issues that are ________ and in circumstances where opposition from major power centers is likely.

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

Which of the following is a limitation associated with a SWOT Matrix?

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Step 1 of the Quantitative Strategic Planning Matrix (QSPM) assigns weights to each key external and internal factor.

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called ________ matrices.

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 6: Strategy Analysis and Choice

Firms located in which quadrant of the Grand Strategy Matrix are in an excellent strategic position?

The Boston Consulting Group (BCG) Matrix requires more information about the divisions than the Internal-External (IE) Matrix.

The firm should pursue aggressive strategies if the coordinates of a SPACE directional vector are (+5, +4).

In the Boston Consulting Group (BCG) Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

One of the steps of the SWOT Matrix is to list the firm's key external opportunities.

In a BCG Matrix the pie slice indicates the proportion of corporate profits generated by that division.

All of the following are limitations of the Boston Consulting Group (BCG) Matrix EXCEPT

Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification.

A benefit of the Sarbanes-Oxley Act is that it has shifted power from directors to CEOs.

The Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, the Strategic Position and Action Evaluation (SPACE) Matrix, the Boston Consulting Group (BCG) Matrix, the Internal-External (IE) Matrix, and the Grand Strategy Matrix are included in stage two of the strategy-formulation framework.

It is vital that strategists always consider all feasible alternatives that could benefit the firm.

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).

A SWOT Matrix is composed of four cells for the four types of strategies it creates.

Successful strategists minimize their own political exposure on issues that are ________ and in circumstances where opposition from major power centers is likely.

Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix?

Which of the following is a limitation associated with a SWOT Matrix?

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Step 1 of the Quantitative Strategic Planning Matrix (QSPM) assigns weights to each key external and internal factor.

Both the Internal-External (IE) and Boston Consulting Group (BCG) Matrices are called ________ matrices.

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters