Strategic Management and Answer Choices
Nature of Strategic Management
Multiple Choice |
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Top of Form
1. | | The three stages of strategic management are | | strategy formulation, strategy implementation, and strategy execution. | | strategy formulation, strategy execution, and strategy assessment. | | strategy formulation, strategy implementation, and strategy evaluation. | | stratify assessment, strategy execution, and strategy evaluation. | | 2. | | Job titles that refer to strategists include which of the following? | | External audit | | Owner, entrepreneur, executive director, and accountant | | Chief executive officer, salesman, dean, and lawyer | | Owner, dean, president, and executive director | | 3. | | Relative deficiency or superiority is important information in performing which activity? | | External audit | | Allocating resources | | Internal audit | | Evaluating strategies | | 4. | | How often should strategic-management activities be performed? | | Annually | | Quarterly | | Monthly | | Continuously | | 5. | | Who is most responsible for developing, communicating, and enforcing the code of business ethics for a firm? | | Strategists | | Line managers | | Staff managers | | All managers | | 6. | | Strategy-implementation activities include | | conducting research. | | measuring performance. | | preparing a TOWS matrix. | | establishing annual objectives. | | 7. | | In a large organization, strategic management activities occur at what level(s)? | | Corporate and divisional only | | Divisional | | Strategic business unit only | | Functional, divisional, and corporate | | 8. | | Conducting research, integrating intuition with analysis, and making decisions are all __________ activities. | | strategy-formulation | | strategy-implementation | | long-range planning | | short-range planning | | 9. | | Which of these questions is
Multiple Choice |
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Top of Form
1. | | The three stages of strategic management are | | strategy formulation, strategy implementation, and strategy execution. | | strategy formulation, strategy execution, and strategy assessment. | | strategy formulation, strategy implementation, and strategy evaluation. | | stratify assessment, strategy execution, and strategy evaluation. | | 2. | | Job titles that refer to strategists include which of the following? | | External audit | | Owner, entrepreneur, executive director, and accountant | | Chief executive officer, salesman, dean, and lawyer | | Owner, dean, president, and executive director | | 3. | | Relative deficiency or superiority is important information in performing which activity? | | External audit | | Allocating resources | | Internal audit | | Evaluating strategies | | 4. | | How often should strategic-management activities be performed? | | Annually | | Quarterly | | Monthly | | Continuously | | 5. | | Who is most responsible for developing, communicating, and enforcing the code of business ethics for a firm? | | Strategists | | Line managers | | Staff managers | | All managers | | 6. | | Strategy-implementation activities include | | conducting research. | | measuring performance. | | preparing a TOWS matrix. | | establishing annual objectives. | | 7. | | In a large organization, strategic management activities occur at what level(s)? | | Corporate and divisional only | | Divisional | | Strategic business unit only | | Functional, divisional, and corporate | | 8. | | Conducting research, integrating intuition with analysis, and making decisions are all __________ activities. | | strategy-formulation | | strategy-implementation | | long-range planning | | short-range planning | | 9. | | Which of these questions is