CM 4223 – Strategic Planning Midterm Exam| Questions and
Answers|100% Correct – LSU Fall 2025
Points 39.00/40.00
Grade 97.50 out of 100.00
Question 1
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Question text
Annually, businesses in the United
States fail.
Question 1Select one:
a.
exactly 100
b.
less than 1,000
c.
about 10,000
d.
more than 100,000
e.
almost 10 million
Question 2
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Superior strategy formulation and
implementation an opponent's
superiority in numbers and resources.
Question 2Select one:
a.
are irrelevant to
,b.
are not enough to surmount
c.
can overcome
d.
can lead to
e.
unite
Question 3
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Generally, external opportunities and threats
are
Question 3Select one:
a.
uncontrollable by a single organization.
b.
unable to have a significant impact on an organization.
c.
not worth monitoring and evaluating.
d.
key functions in strategy implementation.
e.
key functions in strategy exploitation.
Question 4
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How do line managers become "owners" of the
strategy?
, Question 4Select one:
a.
By attending top manager meetings
b.
By executing plans formulated by other people
c.
By involvement in the strategic-management process
d.
By becoming a shareholder of the firm
e.
By buying off top managers
Question 5
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Question text
Firms with planning systems more closely
resembling strategic-management theory
generally exhibit superior long-term financial
performance relative to their industries.
Question 5Select one:
True
False
Question 6
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Question text
A vision statement commonly answers the
question, "What is our business?" whereas a
mission statement is more likely to answer the
question "What do we want to become?"
Answers|100% Correct – LSU Fall 2025
Points 39.00/40.00
Grade 97.50 out of 100.00
Question 1
Complete
1.00 points out of 1.00
Flag question
Question text
Annually, businesses in the United
States fail.
Question 1Select one:
a.
exactly 100
b.
less than 1,000
c.
about 10,000
d.
more than 100,000
e.
almost 10 million
Question 2
Complete
1.00 points out of 1.00
Flag question
Question text
Superior strategy formulation and
implementation an opponent's
superiority in numbers and resources.
Question 2Select one:
a.
are irrelevant to
,b.
are not enough to surmount
c.
can overcome
d.
can lead to
e.
unite
Question 3
Complete
1.00 points out of 1.00
Flag question
Question text
Generally, external opportunities and threats
are
Question 3Select one:
a.
uncontrollable by a single organization.
b.
unable to have a significant impact on an organization.
c.
not worth monitoring and evaluating.
d.
key functions in strategy implementation.
e.
key functions in strategy exploitation.
Question 4
Complete
1.00 points out of 1.00
Flag question
Question text
How do line managers become "owners" of the
strategy?
, Question 4Select one:
a.
By attending top manager meetings
b.
By executing plans formulated by other people
c.
By involvement in the strategic-management process
d.
By becoming a shareholder of the firm
e.
By buying off top managers
Question 5
Complete
1.00 points out of 1.00
Flag question
Question text
Firms with planning systems more closely
resembling strategic-management theory
generally exhibit superior long-term financial
performance relative to their industries.
Question 5Select one:
True
False
Question 6
Complete
1.00 points out of 1.00
Flag question
Question text
A vision statement commonly answers the
question, "What is our business?" whereas a
mission statement is more likely to answer the
question "What do we want to become?"
