Page | 1
COBA Core - MGT 4300 (Strat Pol)
Questions with Detailed Verified
Answers
What can be defined as the art and science of formulating,
implementing and evaluating cross-functional decisions that
enable an organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading Ans: d. (strategic management)
During what stage of strategic management are a firm's specific
internal strengths and weaknesses determined?
A) Formulation
B) Implementation
C) Evaluation
D) Feedback
, Page | 2
E) Goal-setting Ans: a. (formulation)
An important activity in _____________ is taking corrective action.
A) strategy evaluation
B) strategy implementation
C) strategy formulation
D) strategy leadership
E) all of the above Ans: a. (strategy evaluation)
Which phase of strategic management is called the action
phase?
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance Ans: b. (strategy implementation)
Anything that a firm does especially well compared to rival firms is
referred to as
A) competitive advantage.
COBA Core - MGT 4300 (Strat Pol)
Questions with Detailed Verified
Answers
What can be defined as the art and science of formulating,
implementing and evaluating cross-functional decisions that
enable an organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading Ans: d. (strategic management)
During what stage of strategic management are a firm's specific
internal strengths and weaknesses determined?
A) Formulation
B) Implementation
C) Evaluation
D) Feedback
, Page | 2
E) Goal-setting Ans: a. (formulation)
An important activity in _____________ is taking corrective action.
A) strategy evaluation
B) strategy implementation
C) strategy formulation
D) strategy leadership
E) all of the above Ans: a. (strategy evaluation)
Which phase of strategic management is called the action
phase?
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance Ans: b. (strategy implementation)
Anything that a firm does especially well compared to rival firms is
referred to as
A) competitive advantage.
