WGU C483 TEST 2 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
1. 1.)The planning level with the shortest time horizon is known as _____ planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical
Answer:
A.) Operational
Question:
2. 2.)The planning process is similar to the _____ process in that both have a series of steps that are
typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
D)decision-making
E)environmental analysis
Answer:
D.) Decision-making
Question:
3. 3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat.
Answer:
B.) Weakness
Question:
4. 4.)A _____ system is a component of the strategic management process designed to support managers in
evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective
action.
A)span of control
B)strategic control
C)strategic support
D)dynamic network
E)strategic integration
Answer:
B.) Strategic Control
, Question:
5. 5.)The strategy an organization uses to build competitive advantage by being unique in its industry or
market segment along one or more dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration
Answer:
B.) Differentiation
Question:
6. 6.)Which of the following is one among the six components of the strategic management process?
A)Skill improvement plan
B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting
Answer:
D.) SWOT Analysis
Question:
7. 7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis
Answer:
C.) Strategy Implementation
Question:
8. 8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are involved in related markets and
activities.
B)that involves expanding the domain of the organization into supply channels or to distributors.
C)employed for an organization that operates a single business and competes in a single industry.
D)used to add new businesses that produce unrelated products or are involved in unrelated markets and
activities.
E)an organization uses to build competitive advantage by being unique in its industry or market segment
along one or more dimensions.
Answer:
B.) That involves expanding the domain of the organization into supply channels or to distributors.
CORRECT ANSWERS
Question:
1. 1.)The planning level with the shortest time horizon is known as _____ planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical
Answer:
A.) Operational
Question:
2. 2.)The planning process is similar to the _____ process in that both have a series of steps that are
typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
D)decision-making
E)environmental analysis
Answer:
D.) Decision-making
Question:
3. 3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat.
Answer:
B.) Weakness
Question:
4. 4.)A _____ system is a component of the strategic management process designed to support managers in
evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective
action.
A)span of control
B)strategic control
C)strategic support
D)dynamic network
E)strategic integration
Answer:
B.) Strategic Control
, Question:
5. 5.)The strategy an organization uses to build competitive advantage by being unique in its industry or
market segment along one or more dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration
Answer:
B.) Differentiation
Question:
6. 6.)Which of the following is one among the six components of the strategic management process?
A)Skill improvement plan
B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting
Answer:
D.) SWOT Analysis
Question:
7. 7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis
Answer:
C.) Strategy Implementation
Question:
8. 8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are involved in related markets and
activities.
B)that involves expanding the domain of the organization into supply channels or to distributors.
C)employed for an organization that operates a single business and competes in a single industry.
D)used to add new businesses that produce unrelated products or are involved in unrelated markets and
activities.
E)an organization uses to build competitive advantage by being unique in its industry or market segment
along one or more dimensions.
Answer:
B.) That involves expanding the domain of the organization into supply channels or to distributors.
