BU470 Online Exam 1 SCORE 100 PERCENT

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:

	<i>Corporate Strategy</i>.
	<i>The Teflon Leader</i>.
	<i>The Pursuit of Excellence</i>.
	<i>Strategy and Structure</i>.
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.