MBA 690 Required Quiz 1 | Central Michigan University |
Questions & Complete Solutions 2026 Update
• Question 1
1 out of 1 points
The stage of the strategic management process in which one examines the industry where
he or she wishes to compete and looks carefully inside the company to understand its
unique competitive strengths and how it organizes its activities is called strategic
Selected
Answer:
analysis.
Answers: formulation.
evaluation.
analysis.
implementation.
• Question 2
1 out of 1 points
Many of the foundations of strategic thought can be found in the 2,500-year-old writings of
Selected
Answer:
Sun Tzu in The Art of War.
Answers: the Old Testament of the Bible.
Sun Tzu in The Art of War.
Aeschylus in The Oresteian
Trilogy.
Sophocles in Oedipus the King.
• Question 3
1 out of 1 points
The overall concept for how a company organizes itself, outperforms competitors, and
earns superior returns for shareholders is called
Selected
Answer:
strategy.
Answers: value creation.
management by objectives.
opportunity recognition.
strategy.
• Question 4
1 out of 1 points
, Before the 1970s companies operated in markets that were unstable, rapidly changing, and
hypercompetitive.
Selected
Answer:
Fals
e
Answers: Tru
e
Fals
e
• Question 5
1 out of 1 points
The critical need in business to identify and exploit where the market is heading is called
Selected
Answer:
opportunity recognition.
Answers:
opportunity recognition.
business forecasting.
technological entrepreneurship.
value creation.
• Question 6
1 out of 1 points
Which of the following is NOT among the principal managerial tasks associated with
implementing and executing strategy?
Selected
Answer:
Surveying employees on how they think organizational effectiveness can be
enhanced and how their job satisfaction can be improved.
Answers: Building an organization capable of carrying out the strategy successfully
Creating a company culture and work environment that is conducive to
successful strategy implementation and execution.
Surveying employees on how they think organizational effectiveness can be
enhanced and how their job satisfaction can be improved.
Exerting the internal leadership needed to drive implementation forward and
to improve how the strategy is being carried out.
Tying the reward structure to the achievement of the targeted results.
• Question 7
1 out of 1 points
The fact that managers need to confront unique and changing market conditions and
competitive situations for which there is often no historical record to guide them explains
why strategic decisions are characterized as
Selected
Answer:
ill-structured and non-routine.
Answers: difficult to reverse.
costly to implement.
Questions & Complete Solutions 2026 Update
• Question 1
1 out of 1 points
The stage of the strategic management process in which one examines the industry where
he or she wishes to compete and looks carefully inside the company to understand its
unique competitive strengths and how it organizes its activities is called strategic
Selected
Answer:
analysis.
Answers: formulation.
evaluation.
analysis.
implementation.
• Question 2
1 out of 1 points
Many of the foundations of strategic thought can be found in the 2,500-year-old writings of
Selected
Answer:
Sun Tzu in The Art of War.
Answers: the Old Testament of the Bible.
Sun Tzu in The Art of War.
Aeschylus in The Oresteian
Trilogy.
Sophocles in Oedipus the King.
• Question 3
1 out of 1 points
The overall concept for how a company organizes itself, outperforms competitors, and
earns superior returns for shareholders is called
Selected
Answer:
strategy.
Answers: value creation.
management by objectives.
opportunity recognition.
strategy.
• Question 4
1 out of 1 points
, Before the 1970s companies operated in markets that were unstable, rapidly changing, and
hypercompetitive.
Selected
Answer:
Fals
e
Answers: Tru
e
Fals
e
• Question 5
1 out of 1 points
The critical need in business to identify and exploit where the market is heading is called
Selected
Answer:
opportunity recognition.
Answers:
opportunity recognition.
business forecasting.
technological entrepreneurship.
value creation.
• Question 6
1 out of 1 points
Which of the following is NOT among the principal managerial tasks associated with
implementing and executing strategy?
Selected
Answer:
Surveying employees on how they think organizational effectiveness can be
enhanced and how their job satisfaction can be improved.
Answers: Building an organization capable of carrying out the strategy successfully
Creating a company culture and work environment that is conducive to
successful strategy implementation and execution.
Surveying employees on how they think organizational effectiveness can be
enhanced and how their job satisfaction can be improved.
Exerting the internal leadership needed to drive implementation forward and
to improve how the strategy is being carried out.
Tying the reward structure to the achievement of the targeted results.
• Question 7
1 out of 1 points
The fact that managers need to confront unique and changing market conditions and
competitive situations for which there is often no historical record to guide them explains
why strategic decisions are characterized as
Selected
Answer:
ill-structured and non-routine.
Answers: difficult to reverse.
costly to implement.
