Question 1

Strategy analysis is the study of the external environments of the firm.

Accepted Answer

A) True 
 B)False

Question 2

The organizational versus the individual rationality perspective suggests that objectives that are

Accepted Answer

A)  good for a functional area are always good for the overall organization. 
B)  good for the overall organization are always best for a functional area. 
C)  best for a functional area may not be best for the overall organization. 
D)  best for one functional area will never be best for all functional areas. 
A)  good for a functional area are always good for the overall organization. 
B)  good for the overall organization are always best for a functional area. 
C)  best for a functional area may not be best for the overall organization. 
D)  best for one functional area will never be best for all functional areas.

Question 3

As a stakeholder group,customers are interested in dividends and capital appreciation.

Accepted Answer

A) True 
 B)False

Question 4

Wall Street executives have received excessive bonus pay in the past.This concerns which of the following stakeholder groups most directly?

Accepted Answer

A)  government 
B)  suppliers 
C)  creditors 
D)  stockholders 
A)  government 
B)  suppliers 
C)  creditors 
D)  stockholders

Question 5

What constitutes socially responsible behavior changes over time.

Accepted Answer

A) True 
 B)False

Question 6

While working to prioritize and fulfill their responsibilities,members of the board of directors of an organization should

Accepted Answer

A)  represent their own interests. 
B)  represent the interests of the shareholders. 
C)  direct all actions of the CEO. 
D)  emphasize the importance of short-term goals. 
A)  represent their own interests. 
B)  represent the interests of the shareholders. 
C)  direct all actions of the CEO. 
D)  emphasize the importance of short-term goals.

Question 7

__________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

Accepted Answer

A)  Goal setting 
B)  Corporate entrepreneurship 
C)  Strategy analysis 
D)  Organizational design 
A)  Goal setting 
B)  Corporate entrepreneurship 
C)  Strategy analysis 
D)  Organizational design

Question 8

Peter Senge,of MIT,recognized three types of leaders.__________ are individuals that,although having little positional power and formal authority,generate their power through the conviction and clarity of their ideas.

Accepted Answer

A)  Local line leaders 
B)  Executive leaders 
C)  Internal networkers 
D)  Shop floor leaders 
A)  Local line leaders 
B)  Executive leaders 
C)  Internal networkers 
D)  Shop floor leaders

Question 9

Only shareholders in a publicly held company are stakeholders because they are the only group that has a stake in the success of the organization.

Accepted Answer

A) True 
 B)False

Question 10

Entering foreign markets requires firms to ascertain foremost how they will attain

Accepted Answer

A)  market share. 
B)  low costs. 
C)  competitive advantage. 
D)  low returns on investment. 
A)  market share. 
B)  low costs. 
C)  competitive advantage. 
D)  low returns on investment.

Question 11

The strategic management process should be addressed only by top-level executives.Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Accepted Answer

A) True 
 B)False

Question 12

Effective leaders set a direction and develop an organization so that it is committed to excellence and ___________ behavior.

Accepted Answer

A)  performant 
B)  strategic 
C)  ethical 
D)  positive 
A)  performant 
B)  strategic 
C)  ethical 
D)  positive

Question 13

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Accepted Answer

A) True 
 B)False

Question 14

Peter Senge,of MIT,recognized three types of leaders.These individuals champion and guide ideas,create a learning infrastructure,and establish a domain for taking action.

Accepted Answer

A)  local line leaders 
B)  executive leaders 
C)  internal networkers 
D)  shop floor leaders 
A)  local line leaders 
B)  executive leaders 
C)  internal networkers 
D)  shop floor leaders

Question 15

Strategic management is concerned with the analysis of strategic goals as stated in the vision,mission,and strategic objectives of a firm.

Accepted Answer

A) True 
 B)False

Question 16

An organization is responsible to many different entities.In order to meet the demands of these groups,organizations must participate in stakeholder management.Stakeholder management means that

Accepted Answer

A)  interests of the stockholders are not the only interests that matter. 
B)  stakeholders are second in importance to the stockholders. 
C)  stakeholders and managers inevitably work at cross-purposes. 
D)  all stakeholders receive financial rewards. 
A)  interests of the stockholders are not the only interests that matter. 
B)  stakeholders are second in importance to the stockholders. 
C)  stakeholders and managers inevitably work at cross-purposes. 
D)  all stakeholders receive financial rewards.

Question 17

The ROI on a sustainability project generally is easy to quantify.

Accepted Answer

A) True 
 B)False

Question 18

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Accepted Answer

A)  are very specific. 
B)  provide specific objectives. 
C)  set organizational structure. 
D)  evoke powerful and compelling mental images. 
A)  are very specific. 
B)  provide specific objectives. 
C)  set organizational structure. 
D)  evoke powerful and compelling mental images.

Question 19

Members of boards of directors are

Accepted Answer

A)  appointed by the Securities and Exchange Commission. 
B)  elected by the shareholders as their representatives. 
C)  elected by the public. 
D)  only allowed to serve one term of four years. 
A)  appointed by the Securities and Exchange Commission. 
B)  elected by the shareholders as their representatives. 
C)  elected by the public. 
D)  only allowed to serve one term of four years.

Question 20

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Accepted Answer

A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale 
A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale

Strategy analysis is the study of the external environments of the firm.

The organizational versus the individual rationality perspective suggests that objectives that are

As a stakeholder group,customers are interested in dividends and capital appreciation.

Wall Street executives have received excessive bonus pay in the past.This concerns which of the following stakeholder groups most directly?

What constitutes socially responsible behavior changes over time.

While working to prioritize and fulfill their responsibilities,members of the board of directors of an organization should

__________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

Peter Senge,of MIT,recognized three types of leaders.__________ are individuals that,although having little positional power and formal authority,generate their power through the conviction and clarity of their ideas.

Only shareholders in a publicly held company are stakeholders because they are the only group that has a stake in the success of the organization.

Entering foreign markets requires firms to ascertain foremost how they will attain

The strategic management process should be addressed only by top-level executives.Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Effective leaders set a direction and develop an organization so that it is committed to excellence and ___________ behavior.

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Peter Senge,of MIT,recognized three types of leaders.These individuals champion and guide ideas,create a learning infrastructure,and establish a domain for taking action.

Strategic management is concerned with the analysis of strategic goals as stated in the vision,mission,and strategic objectives of a firm.

An organization is responsible to many different entities.In order to meet the demands of these groups,organizations must participate in stakeholder management.Stakeholder management means that

The ROI on a sustainability project generally is easy to quantify.

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Members of boards of directors are

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 1: Strategic Management: Creating Competitive Advantages

Strategy analysis is the study of the external environments of the firm.

The organizational versus the individual rationality perspective suggests that objectives that are

As a stakeholder group,customers are interested in dividends and capital appreciation.

Wall Street executives have received excessive bonus pay in the past.This concerns which of the following stakeholder groups most directly?

What constitutes socially responsible behavior changes over time.

While working to prioritize and fulfill their responsibilities,members of the board of directors of an organization should

__________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.

Peter Senge,of MIT,recognized three types of leaders.__________ are individuals that,although having little positional power and formal authority,generate their power through the conviction and clarity of their ideas.

Only shareholders in a publicly held company are stakeholders because they are the only group that has a stake in the success of the organization.

Entering foreign markets requires firms to ascertain foremost how they will attain

The strategic management process should be addressed only by top-level executives.Mid-level and low-level employees are best equipped to implement the strategies of the organization.

Effective leaders set a direction and develop an organization so that it is committed to excellence and ___________ behavior.

An idealistic vision can arouse employee enthusiasm and therefore is a good vision.

Peter Senge,of MIT,recognized three types of leaders.These individuals champion and guide ideas,create a learning infrastructure,and establish a domain for taking action.

Strategic management is concerned with the analysis of strategic goals as stated in the vision,mission,and strategic objectives of a firm.

An organization is responsible to many different entities.In order to meet the demands of these groups,organizations must participate in stakeholder management.Stakeholder management means that

The ROI on a sustainability project generally is easy to quantify.

Vision statements are used to create a better understanding of the overall purpose and direction of the organization.Vision statements

Members of boards of directors are

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters