Strategic management (multiple choice questions)

        

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.