26 May Question Question 1(2.5 points)
Question
Question 1(2.5 points)
Strategic management differs from business policy through its heavier emphasis on
Question 1 options:
| historical concerns | |
| scanning the internal environment | |
| scanning the external environment | |
| formulating general guidelines | |
| efficient utilization of assets |
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Question 2(2.5 points)
When an organization is evaluating its strategic position, which is NOT of the strategic questions that an organization must ask itself?
Question 2 options:
| If the evaluation is negative, what specific actions whould management take? | |
| Where is the organization now? | |
| If no changes are made, where will the organization be in 10 years? | |
| How can functional and operational areas by improved? | |
| If no changes are made, where will the organization be in one year? |
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Question 3(2.5 points)
Strategic management is that set of managerial decisions and actions that determine the longrun performance of a corporation. Which one of hte following is NOT included in the strategtic management process?
Question 3 options:
| statistical process control | |
| strategy forumulation | |
| environmental scanning | |
| strategy implementation | |
| evaluation and control |
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Question 4(2.5 points)
The monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation is referred to as
Question 4 options:
| environmental opportunity scanning | |
| environmental scanning | |
| external scanning | |
| internal scanning | |
| none of the above |
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Question 5(2.5 points)
The Strategic Management Model presents the following process of strategy formulation:
Question 5 options:
| Policies – Strategies-Objectives-Mission | |
| Mission-Policies-Strategies-Objectives | |
| Mission-Objectives-Strategies-Policies | |
| Objectives-Policies-Strategies-Mission | |
| Policies-Mission-Strategies-Objectives |
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Question 6(2.5 points)
The corporate mission is best described by which one of the following?
Question 6 options:
| a description of top management’s responsibilities | |
| the philosophy of the founder | |
| the purpose or reason for the corporation’s existence | |
| a description of the activities carried out by organization | |
| a statement of corporate objectives |
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Question 7(2.5 points)
The combination of the degree of complexity and the degree of change existing in an organization’s external environment is/are called
Question 7 options:
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