Question 1

Climate change has become a growing concern for businesses to include in their corporate strategies.

Accepted Answer

A) True 
 B)False

Question 2

Corporate strategy occurs at the business unit or product level.

Accepted Answer

A) True 
 B)False

Question 3

The triple bottom line refers to which of the following?

Accepted Answer

A)  water, air, and oil 
B)  footprints, finance, and environment 
C)  physical environment, traditional profit/loss, and air 
D)  traditional profit/loss, social responsibility, and environmental responsibility 
E)  social responsibility, people, and ethics 
A)  water, air, and oil 
B)  footprints, finance, and environment 
C)  physical environment, traditional profit/loss, and air 
D)  traditional profit/loss, social responsibility, and environmental responsibility 
E)  social responsibility, people, and ethics

Question 4

To be effective,strategic management must be a formal process.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an example of a mission statement?

Accepted Answer

A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  pay highest salaries to keep high quality employees 
D)  develop and sell quality appliances worldwide 
E)  divide a sales region into a group of sales districts 
A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  pay highest salaries to keep high quality employees 
D)  develop and sell quality appliances worldwide 
E)  divide a sales region into a group of sales districts

Question 6

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door.This is an example of a

Accepted Answer

A)  program. 
B)  budget. 
C)  procedure. 
D)  policy. 
E)  control. 
A)  program. 
B)  budget. 
C)  procedure. 
D)  policy. 
E)  control.

Question 7

Which of the following is an example of a program?

Accepted Answer

A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  must be "number one" wherever we compete 
D)  develop and sell quality appliances worldwide 
E)  reduce final assembly time to three days by having suppliers build plan sections 
A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  must be "number one" wherever we compete 
D)  develop and sell quality appliances worldwide 
E)  reduce final assembly time to three days by having suppliers build plan sections

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

One member of the European Union (EU)is Chile.

Accepted Answer

A) True 
 B)False

Question 10

Members of the European Union (EU)include all of the following EXCEPT

Accepted Answer

A)  Ireland. 
B)  Great Britain. 
C)  Belgium. 
D)  France. 
E)  Slovakia. 
A)  Ireland. 
B)  Great Britain. 
C)  Belgium. 
D)  France. 
E)  Slovakia.

Question 11

One of the benefits of globalization is

Accepted Answer

A)  economies of scale. 
B)  decreased outsourcing. 
C)  increased union negotiations. 
D)  increased taxes. 
E)  additional human resource training. 
A)  economies of scale. 
B)  decreased outsourcing. 
C)  increased union negotiations. 
D)  increased taxes. 
E)  additional human resource training.

Question 12

What is a strategic decision and what are its three characteristics?

Accepted Answer

A strategic decision deals with the long

Climate change has become a growing concern for businesses to include in their corporate strategies.

Corporate strategy occurs at the business unit or product level.

The triple bottom line refers to which of the following?

To be effective,strategic management must be a formal process.

Which of the following is an example of a mission statement?

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door.This is an example of a

Which of the following is an example of a program?

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

One member of the European Union (EU)is Chile.

Members of the European Union (EU)include all of the following EXCEPT

One of the benefits of globalization is

What is a strategic decision and what are its three characteristics?

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

Climate change has become a growing concern for businesses to include in their corporate strategies.

Corporate strategy occurs at the business unit or product level.

The triple bottom line refers to which of the following?

To be effective,strategic management must be a formal process.

Which of the following is an example of a mission statement?

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door.This is an example of a

Which of the following is an example of a program?

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

One member of the European Union (EU)is Chile.

Members of the European Union (EU)include all of the following EXCEPT

One of the benefits of globalization is

What is a strategic decision and what are its three characteristics?

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