Question 1

Strategic flexibility is the ability to shift from one dominant strategy to another.

Accepted Answer

A) True 
 B)False

Question 2

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

Accepted Answer

A) True 
 B)False

Question 3

Canada,the United States,and Mexico are affiliated economically under which trade alliance?

Accepted Answer

A)  ASEAN 
B)  Mercosur 
C)  EU 
D)  NAFTA 
E)  CAFTA 
A)  ASEAN 
B)  Mercosur 
C)  EU 
D)  NAFTA 
E)  CAFTA

Question 4

A large business has three levels in its hierarchy of strategy:

Accepted Answer

A)  Corporate - Business - Functional. 
B)  Environmental - Corporate - Functional. 
C)  Environmental - Enterprise - Corporate. 
D)  Business - Divisional - Functional. 
E)  Industry - Corporate - Divisional. 
A)  Corporate - Business - Functional. 
B)  Environmental - Corporate - Functional. 
C)  Environmental - Enterprise - Corporate. 
D)  Business - Divisional - Functional. 
E)  Industry - Corporate - Divisional.

Question 5

The T in SWOT stands for

Accepted Answer

A)  trust. 
B)  technical. 
C)  terminal. 
D)  threats. 
E)  task. 
A)  trust. 
B)  technical. 
C)  terminal. 
D)  threats. 
E)  task.

Question 6

What are the four main activities of a learning organization?

Accepted Answer

The four main activities of a learning o

Question 7

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 8

The currency used to integrate the monetary systems of the European Union (EU) is called the

Accepted Answer

A)  peso. 
B)  dollar. 
C)  euro. 
D)  franc. 
E)  pound. 
A)  peso. 
B)  dollar. 
C)  euro. 
D)  franc. 
E)  pound.

Question 9

The variables structure,culture,and resources pertain to the

Accepted Answer

A)  external environment. 
B)  internal environment. 
C)  sociocultural forces. 
D)  task environment. 
E)  societal environment. 
A)  external environment. 
B)  internal environment. 
C)  sociocultural forces. 
D)  task environment. 
E)  societal environment.

Question 10

In the final phase of strategic management,strategic information is available to

Accepted Answer

A)  people throughout the organization. 
B)  the top management responsible for decision-making. 
C)  middle management. 
D)  operational personnel. 
E)  only those responsible for implementing the strategy. 
A)  people throughout the organization. 
B)  the top management responsible for decision-making. 
C)  middle management. 
D)  operational personnel. 
E)  only those responsible for implementing the strategy.

Question 11

Amazon.com,founded by Jeff Bezos and reflecting his vision,is an example of which mode of strategic decision-making?

Accepted Answer

A)  adaptive 
B)  entrepreneurial 
C)  logical incrementalism 
D)  planning 
E)  customer relationship management 
A)  adaptive 
B)  entrepreneurial 
C)  logical incrementalism 
D)  planning 
E)  customer relationship management

Question 12

Strategic planning in a multidivisional corporation

Accepted Answer

A)  should be informal to allow complete understanding by the many participants. 
B)  should be instigated only from the main corporate office. 
C)  should be accomplished quickly to decrease the likelihood of it becoming outdated. 
D)  should encourage a clear delineation between top management and lower-level managers. 
E)  should be a formalized and sophisticated system. 
A)  should be informal to allow complete understanding by the many participants. 
B)  should be instigated only from the main corporate office. 
C)  should be accomplished quickly to decrease the likelihood of it becoming outdated. 
D)  should encourage a clear delineation between top management and lower-level managers. 
E)  should be a formalized and sophisticated system.

Strategic flexibility is the ability to shift from one dominant strategy to another.

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

Canada,the United States,and Mexico are affiliated economically under which trade alliance?

A large business has three levels in its hierarchy of strategy:

The T in SWOT stands for

What are the four main activities of a learning organization?

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

The currency used to integrate the monetary systems of the European Union (EU) is called the

The variables structure,culture,and resources pertain to the

In the final phase of strategic management,strategic information is available to

Amazon.com,founded by Jeff Bezos and reflecting his vision,is an example of which mode of strategic decision-making?

Strategic planning in a multidivisional corporation

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 1: Basic Concepts in Strategic Management

Strategic flexibility is the ability to shift from one dominant strategy to another.

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

Canada,the United States,and Mexico are affiliated economically under which trade alliance?

A large business has three levels in its hierarchy of strategy:

The T in SWOT stands for

What are the four main activities of a learning organization?

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

The currency used to integrate the monetary systems of the European Union (EU) is called the

The variables structure,culture,and resources pertain to the

In the final phase of strategic management,strategic information is available to

Amazon.com,founded by Jeff Bezos and reflecting his vision,is an example of which mode of strategic decision-making?

Strategic planning in a multidivisional corporation

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters