Question 1

5 / 5 points

One strategic responsibility of managers and employees at other levels throughout the organization is:

Question options:

  

strategy implementation.

 

situation analysis.

 

strategy formulation.

 

developing the organization’s   vision.

 

Question 2

5 / 5 points

       

The

board of directors

in an organization:

Question options:
  

plays a significant role in   corporate governance.

 

is responsible for the   implementation of the organization’s operating activities.

 

serves in the role of executive   

management

.

 

is not an important part of the   organization’s strategic development.

 

Question 3

5 / 5 points
       

The academic discipline primarily responsible for the development of strategic management is:

Question options:
  

accounting.

 

economics.

 

philosophy.

 

anthropology.

 

Question 4

5 / 5 points
       

In the development of strategic management as a discipline, Alfred Chandler wrote the book:

Question options:
  

Corporate   Strategy.

 

The Teflon   Leader.

 

The Pursuit of   Excellence.

 

Strategy and   Structure.

 

Question 5

5 / 5 points
       

The emergence of strategic planning and strategic management dates back to the __________, when researchers began looking for explanations of organizational differences in performance and functioning.

Question options:
  

1950s

 

1960s

 

1970s

 

1980s

 

Question 6

5 / 5 points
       

An organization’s __________ are its goal-directed plans and actions in which its capabilities and resources are matched with the

opportunities and threats

in its environment.

Question options:
  

mission statements

 

vision statements

 

strategies

 

objectives

 

Question 7

5 / 5 points
       

__________ differences are fundamental differences between countries that encompass traditions, history, religious beliefs, and deep-seated values.

Question options:
  

Colonial

 

Cultural

 

Transnational

 

Regional

 

Question 8

5 / 5 points
       

Strategic management affects all organizational members. However, the only issue that differs among organizational members is the:

Question options:
  

stage of the strategic management   process.

 

scope of the individual’s actions.

 

development of the strategy.

 

administrative impacts.

 

Question 9

5 / 5 points
       

__________ involves how a corporation uses its resources and protects stakeholders’ interests.

Question options:
  

Financial oversight

 

Corporate governance

 

Steering committee focus

 

Corporate counsel

 

Question 10

5 / 5 points
       

Strategic __________ is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization.

Question options:
  

awareness

 

leadership

 

thinking

 

control

 

Question 11

5 / 5 points
       

__________ strategies are goal-directed plans and actions of the organization’s functional areas.

Question options:
  

Situational

 

Business

 

Competitive

 

Operational

 

Question 12

5 / 5 points
       

An organization’s strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the __________ in its environment.

Question options:
  

internal and external financial   controls

 
opportunities and threats
 

long-term issues

 

sequential management process

 

Question 13

5 / 5 points
       

Globalization has created challenges because of the __________ that is necessary to make it work.

Question options:
  

investment

 
management
 

openness

 

staffing

 

Question 14

5 / 5 points
       

The organization type which first utilized strategy was the __________ organization.

Question options:
  

entertainment

 

military

 

retail

 

not-for-profit

 

Question 15

5 / 5 points
       

The basic activities of strategic management include:

Question options:
  

offense, defense, and control.

 

situation analysis, strategy   formulation, strategy implementation, and strategy evaluation.

 

strategy development, strategy   control, and strategy management.

 

ethics, management, and practice.

 

Question 16

5 / 5 points
       

__________ is/are the determination of the broad uses to which organizational resources will be deployed and the resolution of conflicts among the myriad participants in organizations.

Question options:
  

Vision

 

Mission

 
Corporate governance
 

Goals

 

Question 17

5 / 5 points
       

The __________ is an elected group that represents a company’s shareholders.

Question options:
  
board of directors
 

senior management team

 

steering committee

 

corporate counsel

 

Question 18

5 / 5 points
       

Which of the following statements is NOT true regarding corporate strategies?

Question options:
  

They are concerned with the broad   and more long-term issues of the organization.

 

They are concerned with how the   organization is going to compete in a specific business or industry.

 

They are concerned with the   direction the organization is headed.

 

They are concerned with the   business(es) that the organization is in and the businesses they want to be   in.

 

Question 19

5 / 5 points
       

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:

Question options:
  

the corporate vision.

 

the corporate mission.

 

financial information.

 

the balanced scorecard.

 

Question 20

5 / 5 points
       

Situation analysis involves the process of:

Question options:
  

designing and choosing appropriate   organizational strategies.

 

analyzing the current environment   of the organization.

 

identifying external competitive   threats.

 

evaluating the internal aspects of   the organization.