BU 470 STRATEGIC MANAGEMENT – EXAM 4 & 5 | QUESTIONS AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS - ASHWORTH COLLEGE.

,
, BU 470 STRATEGIC MANAGEMENT –
EXAM 4 & 5 | QUESTIONS AND ANSWERS
| 2026 UPDATE | WITH COMPLETE
SOLUTIONS - ASHWORTH COLLEGE.

SECTION 1: STRATEGIC MANAGEMENT PROCESS
(Questions 1-10)

Question 1

The strategic management process consists of all the following
EXCEPT:

A) Situation analysis
B) Strategy formulation
C) Strategy evaluation
D) Mission statement creation

Correct Answer: D) Mission statement creation


Rationale: The strategic management process consists of situation analysis,
strategy formulation, strategy implementation, and strategy evaluation .
Mission statement creation is part of strategy formulation, not a separate
step.




Question 2

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

A) Situation analysis
B) Strategy formulation
C) Strategy implementation
D) Developing the organization's vision

Correct Answer: C) Strategy implementation


Rationale: Strategy implementation is a responsibility distributed throughout
the organization, while strategy formulation and vision development are
typically top-management functions .




Question 3

The first step in the strategic management process is:

A) Strategy implementation
B) Strategy evaluation
C) Situation analysis
D) Strategy formulation

Correct Answer: C) Situation analysis


Rationale: Situation analysis is the first step in the strategic management
process. It involves scanning and evaluating the organization's current
context, external environment, and internal environment .