COBA CORE - MGT 4300 (STRAT POL) NEW SET WITH COMPLETE
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
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 - (answer)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
E) Goal-setting - (answer)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 - (answer)a. (strategy evaluation)
Which phase of strategic management is called the action phase?
,COBA CORE - MGT 4300 (STRAT POL) NEW SET WITH COMPLETE
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance - (answer)b. (strategy implementation)
Anything that a firm does especially well compared to rival firms is referred to as
A) competitive advantage.
B) comparative advantage.
C) opportunity cost.
D) sustainable advantage.
E) an external opportunity. - (answer)a. (competitive advantage)
The fact that Apple has no manufacturing facilities of its own
A) has caused it to build up massive debt on its balance sheet.
B) has enabled it to remain financially lean with virtually no long-term debt.
C) has been problematic for Apple in terms of debt.
D) illustrates that having more fixed assets than rival firms can provide major competitive advantages in
a global recession.
E) means that it is in the same position as Sony. - (answer)b. (has enabled it to remain financially lean
with virtually no long-term debt)
Which individuals are most responsible for the success and failure of an organization?
, COBA CORE - MGT 4300 (STRAT POL) NEW SET WITH COMPLETE
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
A) Strategists
B) Financial planners
C) Personnel directors
D) Stakeholders
E) Human resource managers - (answer)a. (strategists)
An organization's vision statement
A) is a constant reminder to its employees of why the organization exists.
B) broadly charts the future direction of an organization.
C) addresses the basic question: "What is our business?"
D) answers the question: "What do we want to become?"
E) none of the above - (answer)d. (answers the question: "What do we want to become?")
Specific results an organization seeks to achieve in pursuing its basic mission are
A) strategies.
B) rules.
C) objectives.
D) policies.
E) tenets. - (answer)c. (objectives)
Long-term objectives should be all of the following except
A) measurable.
B) continually changing.
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
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 - (answer)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
E) Goal-setting - (answer)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 - (answer)a. (strategy evaluation)
Which phase of strategic management is called the action phase?
,COBA CORE - MGT 4300 (STRAT POL) NEW SET WITH COMPLETE
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance - (answer)b. (strategy implementation)
Anything that a firm does especially well compared to rival firms is referred to as
A) competitive advantage.
B) comparative advantage.
C) opportunity cost.
D) sustainable advantage.
E) an external opportunity. - (answer)a. (competitive advantage)
The fact that Apple has no manufacturing facilities of its own
A) has caused it to build up massive debt on its balance sheet.
B) has enabled it to remain financially lean with virtually no long-term debt.
C) has been problematic for Apple in terms of debt.
D) illustrates that having more fixed assets than rival firms can provide major competitive advantages in
a global recession.
E) means that it is in the same position as Sony. - (answer)b. (has enabled it to remain financially lean
with virtually no long-term debt)
Which individuals are most responsible for the success and failure of an organization?
, COBA CORE - MGT 4300 (STRAT POL) NEW SET WITH COMPLETE
SOLUTIONS 100% VERIFIED!!! ALREADY GRADED A+
A) Strategists
B) Financial planners
C) Personnel directors
D) Stakeholders
E) Human resource managers - (answer)a. (strategists)
An organization's vision statement
A) is a constant reminder to its employees of why the organization exists.
B) broadly charts the future direction of an organization.
C) addresses the basic question: "What is our business?"
D) answers the question: "What do we want to become?"
E) none of the above - (answer)d. (answers the question: "What do we want to become?")
Specific results an organization seeks to achieve in pursuing its basic mission are
A) strategies.
B) rules.
C) objectives.
D) policies.
E) tenets. - (answer)c. (objectives)
Long-term objectives should be all of the following except
A) measurable.
B) continually changing.
