Question 1 of 20
5.0 Points
Which of the following is NOT a characteristic of strategic management that makes it different from other types of management?
A. It is interdisciplinary.
B. It has an external focus.
C. It has an internal focus.
D. It concerns the present direction of the organization.
Question 2 of 20
5.0 Points
The basic activities of strategic management include:
A. offense, defense, and control.
B. situation analysis, strategy formulation, strategy implementation, and strategy evaluation.
C. development, control, and management.
D. ethics, management, and practice.
Question 3 of 20
5.0 Points
An organization’s strategies should be designed so that they incorporate:
A. opportunities and threats.
B. resources and capabilities.
C. only traditional values of past organizations.
D. opportunities, threats, resources, and capabilities.
Question 4 of 20
5.0 Points
Situation analysis involves the process of:
A. designing and choosing appropriate organizational strategies.
B. analyzing the current environment of the organization.
C. analyzing the external environment only.
D. evaluating the internal aspects of the organization.
Question 5 of 20
5.0 Points
Situation analysis allows the organization to examine:
A. external factors only.
B. internal factors only.
C. the organization’s top management only.
D. both external and internal factors.
Question 6 of 20
5.0 Points
Which of the following is an issue considered in developing corporate strategies?
A. What business(es) are we in?
B. What direction are we going?
C. What resources do we have to implement our strategies?
D. What businesses are we in and what to do with those businesses?
Question 7 of 20
5.0 Points
Which of the following is NOT a major element of the strategic management process?
A. Formulating strategy
B. Implementing strategy
C. Evaluating strategy
D. Assigning administrative tasks
Question 8 of 20
5.0 Points
Which of the following statements is NOT true regarding corporate strategies?
A. They are concerned with the broad and more long-term issues of the organization.
B. They are concerned with how the organization is going to compete in a specific business or industry.
C. They are concerned with the direction the organization is headed.
D. They are concerned with the business(es) that the organization is in and the businesses they want to be in.
Question 9 of 20
5.0 Points
An example of a corporate strategy would involve the decision to:
A. increase the price of the Hummer.
B. spin Taco Bell off from Pepsi.
C. combine marketing functions in the Northeast and the Southeast.
D. increase the advertising budget for Coca-Cola.
Question 10 of 20
5.0 Points
As part of its training, most military academies teach the:
A. Nine Principles of War.
B. Seven Principles of Success.
C. Five Keys to Effectiveness.
D. Three Principles to Effective Leadership.
Question 11 of 20
5.0 Points
The academic discipline primarily responsible for the development of strategic management is:
A. accounting.
B. economics.
C. biology.
D. philosophy.
Question 12 of 20
5.0 Points
In the development of strategic management as a discipline, Alfred Chandler wrote the book:
A. Corporate Strategy.
B. Business Policy: Text and Cases.
C. The Pursuit of Excellence.
D. Strategy and Structure.
Question 13 of 20
5.0 Points
The board of directors in an organization:
A. plays a significant role in corporate governance.
B. is responsible for the implementation of the organization’s operating activities.
C. serves in the role of executive management.
D. is not an important part of the organization’s strategic development.
Question 14 of 20
5.0 Points
All of the following roles are representative of effective strategic leadership EXCEPT:
A. establishing appropriately balanced controls.
B. checking inventory management.
C. exploiting and maintaining core competencies.
D. emphasizing ethical decisions and practices.
Question 15 of 20
5.0 Points
One strategic responsibility of managers and employees at other levels throughout the organization is:
A. strategy implementation.
B. situation analysis.
C. strategy formulation.
D. developing the organization’s vision.
Question 16 of 20
5.0 Points
__________ is the determination of the broad uses to which organizational resources will be deployed and the resolution of conflicts among the myriad of participants in organizations.
A. Vision
B. Mission
C. Corporate governance
D. Goals
Question 17 of 20
5.0 Points
The Sarbanes-Oxley Act of 2002 is a U.S. federal law designed to protect investors by improving the accuracy and reliability of:
A. the corporate vision.
B. the corporate mission.
C. corporate disclosures.
D. the balanced scorecard.
Question 18 of 20
5.0 Points
In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:
A. the corporate vision.
B. the corporate mission.
C. financial information.
D. the balanced scorecard.
Question 19 of 20
5.0 Points
__________ is essentially the retailing side of e-business.
A. Marketing
B. E-commerce
C. Internet
D. Web
Question 20 of 20
5.0 Points
The organization type which first utilized strategy is the:
A. entertainment organization.
B. military organization.
C. retail organization.
D. manufacturing organization.
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