BUSINESS STRATEGY ASSESSMENT
EXAM(ACTUAL EXAM) WITH CORRECT
QUESTIONS AND ANSWERS LATEST 2024 –
2025 GOOD SCORE IS GUARANTEED GRADE
A+
Which of the following dimensions make up the triple bottom line?
(Check all that apply.)
Multiple select question.
-international
-social
-ecological
-economic - ANSWERS-social
ecological
economic
,True or false: The best measure of competitive advantage can be found
in the performance of specific departments.
True false question.
True
False - ANSWERS-False
Strategy is ______.
Multiple choice question.
-the set of actions a firm takes to achieve a competitive advantage
-a decision based on internal situational analysis
-a sustainable and dominant market share
-a decision based on external situational analysis - ANSWERS-the set of
actions a firm takes to achieve a competitive advantage
A competitive advantage _____.
,Multiple choice question.
-places a firm at a disadvantage in regards to its ROI
-is assessed relative to other competitors in the industry
-is based on the return of invested capital over a 15-year period
-takes into consideration globalization and rival factor - ANSWERS-is
assessed relative to other competitors in the industry
The overall purpose of a firm's strategy is to ______.
Multiple choice question.
-determine demand for new product ideas
-perform better than other companies in the same industry
-sell all existing inventory of a given product
-generate significant interest from foreign investors - ANSWERS-
perform better than other companies in the same industry (have
competitive advantage)
Sustainable competitive advantage exists when a firm ______.
Multiple choice question.
-formulates and implements strategy
, -is self-regulated and self-motivated
-maintains superior performance relative to its industry over a long
period of time
-starts up and competes for existing market share in the industry -
ANSWERS-maintains superior performance relative to its industry over
a long period of time
The field of management that focuses on attaining competitive
advantage by combining analysis, formulation, and implementation is
known as ______.
Multiple choice question.
-management of foundational behavior
-management of stakeholder impact
-strategic management
-human resources management - ANSWERS-strategic management
Which of the following elements comprise strategic management?
(Check all that apply.)
EXAM(ACTUAL EXAM) WITH CORRECT
QUESTIONS AND ANSWERS LATEST 2024 –
2025 GOOD SCORE IS GUARANTEED GRADE
A+
Which of the following dimensions make up the triple bottom line?
(Check all that apply.)
Multiple select question.
-international
-social
-ecological
-economic - ANSWERS-social
ecological
economic
,True or false: The best measure of competitive advantage can be found
in the performance of specific departments.
True false question.
True
False - ANSWERS-False
Strategy is ______.
Multiple choice question.
-the set of actions a firm takes to achieve a competitive advantage
-a decision based on internal situational analysis
-a sustainable and dominant market share
-a decision based on external situational analysis - ANSWERS-the set of
actions a firm takes to achieve a competitive advantage
A competitive advantage _____.
,Multiple choice question.
-places a firm at a disadvantage in regards to its ROI
-is assessed relative to other competitors in the industry
-is based on the return of invested capital over a 15-year period
-takes into consideration globalization and rival factor - ANSWERS-is
assessed relative to other competitors in the industry
The overall purpose of a firm's strategy is to ______.
Multiple choice question.
-determine demand for new product ideas
-perform better than other companies in the same industry
-sell all existing inventory of a given product
-generate significant interest from foreign investors - ANSWERS-
perform better than other companies in the same industry (have
competitive advantage)
Sustainable competitive advantage exists when a firm ______.
Multiple choice question.
-formulates and implements strategy
, -is self-regulated and self-motivated
-maintains superior performance relative to its industry over a long
period of time
-starts up and competes for existing market share in the industry -
ANSWERS-maintains superior performance relative to its industry over
a long period of time
The field of management that focuses on attaining competitive
advantage by combining analysis, formulation, and implementation is
known as ______.
Multiple choice question.
-management of foundational behavior
-management of stakeholder impact
-strategic management
-human resources management - ANSWERS-strategic management
Which of the following elements comprise strategic management?
(Check all that apply.)
