Strategic MGMT Exam Questions and Answers
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Terms in this set (111)
What question does the "Why do some firms outperform other firms?"
study of Strategic
Management answer?
Economies of _____ refer to scale
a cost advantage that is
created when a firm can
produce a good or
service at a lower per unit
price due to producing
the good or service in
large quantities.
A(n) ___________ strategy is realized
the strategy that an
organization actually
follows.
Which of the following is Strategy Concentration
NOT part of the Strategic
Management Process?
Strategic Management is True
important for nonprofit
enterprises as well as
business seeking a profit.
,Which statement is NOT Where are customers being satisfied
part of Abell's framework
for defining a business?
As a test of a winning How well does strategy fit the firm's situation?
strategy, the Goodness of
Fit Test answers which
question?
A strategic decision is involves significant resources and commitment which
consequential if it: is not easily changed.
Strategy is a complex True
concept that involves
many different processes
and activities within an
organization.
A viable business model sell goods or services for more than it costs the firm
requires that a firm: to create and distribute those goods.
Which of the following Employees
would be considered
internal stakeholders?
Skyway manufactures Vision
fighter jets. It aims to be
the top aircraft
manufacturing company in
the world. This is an
example of the __________ of
the company.
A mission ignores the key False
elements of the
organization's past and
present and looks mostly
towards the future.
, A charitable organization mission
provides education to
poor children. It aims at
providing education to
every child who cannot
afford to pay for his or her
own education. This is an
example of the ___________ of
the organization.
An organization is more True
effective to the extent that
its vision and its mission
target employees' effort in
the same direction.
An automobile measureable
manufacturing company
wants to be the first
company in the world to
launch a car that would
require no human
intervention to run on the
road. It wants to do so by
year 2020. The progress of
the project can be easily
calculated and assessed.
The fact that this project
can be easily assessed
reflects the _____________
dimension of a goal.
Save
Terms in this set (111)
What question does the "Why do some firms outperform other firms?"
study of Strategic
Management answer?
Economies of _____ refer to scale
a cost advantage that is
created when a firm can
produce a good or
service at a lower per unit
price due to producing
the good or service in
large quantities.
A(n) ___________ strategy is realized
the strategy that an
organization actually
follows.
Which of the following is Strategy Concentration
NOT part of the Strategic
Management Process?
Strategic Management is True
important for nonprofit
enterprises as well as
business seeking a profit.
,Which statement is NOT Where are customers being satisfied
part of Abell's framework
for defining a business?
As a test of a winning How well does strategy fit the firm's situation?
strategy, the Goodness of
Fit Test answers which
question?
A strategic decision is involves significant resources and commitment which
consequential if it: is not easily changed.
Strategy is a complex True
concept that involves
many different processes
and activities within an
organization.
A viable business model sell goods or services for more than it costs the firm
requires that a firm: to create and distribute those goods.
Which of the following Employees
would be considered
internal stakeholders?
Skyway manufactures Vision
fighter jets. It aims to be
the top aircraft
manufacturing company in
the world. This is an
example of the __________ of
the company.
A mission ignores the key False
elements of the
organization's past and
present and looks mostly
towards the future.
, A charitable organization mission
provides education to
poor children. It aims at
providing education to
every child who cannot
afford to pay for his or her
own education. This is an
example of the ___________ of
the organization.
An organization is more True
effective to the extent that
its vision and its mission
target employees' effort in
the same direction.
An automobile measureable
manufacturing company
wants to be the first
company in the world to
launch a car that would
require no human
intervention to run on the
road. It wants to do so by
year 2020. The progress of
the project can be easily
calculated and assessed.
The fact that this project
can be easily assessed
reflects the _____________
dimension of a goal.
