BUSINESS CAPSTONE EXAM QUESTIONS &
ANSWERS
While a vision statement describes what the company ultimately wants to become, the
mission statement describes the company's ________.
A) competitive advantage
B) external environment
C) enduring purpose
D) social value - Answers - C) enduring purpose
According to our course material, the strategic management process entails three
ongoing, and integrated, processes. These processes are:
A) analyses, actions, and synthesis.
B) analyses, formulation, and implementation.
C) analyses, evaluation, and critical response.
D) analyses, synthesis, and decision-making - Answers - B) analyses, formulation, and
implementation
The management of Globo Network Inc., a cell phone company, wants to conduct an
overall study of the company. The top officials want to identify Globo Network's
competencies, limitations that the company needs to improve on, areas of growth, as
well as the areas that the company should completely avoid. The managers feel that
this study will help them advance as an organization. This study to be conducted by the
management of Globo Network Inc. can be best categorized as an example of a
________.
A) growth-share matrix
B) SWOT analysis
C) trend analysis
D) PEST analysis - Answers - B) SWOT analysis
You are the CEO of a nursing home corporation. Through your studies in Strategic
Management you know that it is important to keep track of the demographic segment of
the General Environment. Which of the following trends would be most informative to
you in gathering information from this segment?
A) A greater concern for fitness and healthy living.
B) Increased regulations on driving safety standards.
C) An increase in GDP.
D) The aging of the population. - Answers - D) The aging of the population
The companies Aggie Inc. and Longhorn Corp. sell the same product. They constantly
try to outdo each other in terms of resources, price, and customer satisfaction. The
ANSWERS
While a vision statement describes what the company ultimately wants to become, the
mission statement describes the company's ________.
A) competitive advantage
B) external environment
C) enduring purpose
D) social value - Answers - C) enduring purpose
According to our course material, the strategic management process entails three
ongoing, and integrated, processes. These processes are:
A) analyses, actions, and synthesis.
B) analyses, formulation, and implementation.
C) analyses, evaluation, and critical response.
D) analyses, synthesis, and decision-making - Answers - B) analyses, formulation, and
implementation
The management of Globo Network Inc., a cell phone company, wants to conduct an
overall study of the company. The top officials want to identify Globo Network's
competencies, limitations that the company needs to improve on, areas of growth, as
well as the areas that the company should completely avoid. The managers feel that
this study will help them advance as an organization. This study to be conducted by the
management of Globo Network Inc. can be best categorized as an example of a
________.
A) growth-share matrix
B) SWOT analysis
C) trend analysis
D) PEST analysis - Answers - B) SWOT analysis
You are the CEO of a nursing home corporation. Through your studies in Strategic
Management you know that it is important to keep track of the demographic segment of
the General Environment. Which of the following trends would be most informative to
you in gathering information from this segment?
A) A greater concern for fitness and healthy living.
B) Increased regulations on driving safety standards.
C) An increase in GDP.
D) The aging of the population. - Answers - D) The aging of the population
The companies Aggie Inc. and Longhorn Corp. sell the same product. They constantly
try to outdo each other in terms of resources, price, and customer satisfaction. The
