SMPS CPSM - Domain 2 Multiple Choice Questions with Correct Answers 100% Pass

SMPS CPSM - Domain 2 Multiple Choice Questions with Correct Answers 100% Pass Which type of research is performed without a hypothesis and before any action is taken? a) Action-Confirming Research b) Action-Driving Research c) Action-Seeking Research d) Proactive Research - b Contemporary Data is best defined as: a) Data that is still current and relevant b) Data that pertains to competitors c) Data regarding other firms in your echelon d) Data that will likely be permanently valid - a 2Katelyn Whitman, All Rights Reserved © 2025 What does Porter's Five Forces Model describe? a) Elements needed in a useful 3D building model b) Internal attributes that shape a company's ability to acquire work c) External forces that impact the areas in which a firm seeks to work d) Multi-step process to perform a strategic plan - c Which forecast looks at the long-term? a) Business Development Forecast b) Mission Statement Forecast c) Business Forecast d) Strategic Market Forecast - d Which of the following is an alternative to a SWOT analysis? a) SOAR Framework b) PESTLE/EPISTLE c) Porter's Five Forces Model d) Levitt's Four Phases - a The strategic plan should be updated: 3Katelyn Whitman, All Rights Reserved © 2025 a) Annually b) Quarterly c) Every 5 years d) Only after a change in firm leadership - a Scenario thinking allows you to explore: a) Marketing approaches b) Potential joint venture or design-build partner