C483 WGU Practice Test 2 Exam Questions with
Verified Correct Answers
1.)The planning level with the shortest time horizon is known as _____ planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical
A.) Operational
2.)The planning process is similar to the _____ process in that both have a series of steps that
are typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
D)decision-making
E)environmental analysis
D.) Decision-making
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat.
B.) Weakness
4.)A _____ system is a component of the strategic management process designed to support
managers in evaluating the organization's progress
with its strategy and, when discrepancies exist, taking corrective action.
A)span of control
B)strategic control
C)strategic support
, D)dynamic network
E)strategic integration
B.) Strategic Control
5.)The strategy an organization uses to build competitive advantage by being unique in its
industry or market segment along one or more
dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration
B.) Differentiation
6.)Which of the following is one among the six components of the strategic management
process?
A)Skill improvement plan
B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting
D.) SWOT Analysis
7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis
C.) Strategy Implementation
8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are involved in related
markets and activities.
B)that involves expanding the domain of the organization into supply channels or to
distributors.
C)employed for an organization that operates a single business and competes in a single
industry.
Verified Correct Answers
1.)The planning level with the shortest time horizon is known as _____ planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical
A.) Operational
2.)The planning process is similar to the _____ process in that both have a series of steps that
are typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
D)decision-making
E)environmental analysis
D.) Decision-making
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat.
B.) Weakness
4.)A _____ system is a component of the strategic management process designed to support
managers in evaluating the organization's progress
with its strategy and, when discrepancies exist, taking corrective action.
A)span of control
B)strategic control
C)strategic support
, D)dynamic network
E)strategic integration
B.) Strategic Control
5.)The strategy an organization uses to build competitive advantage by being unique in its
industry or market segment along one or more
dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration
B.) Differentiation
6.)Which of the following is one among the six components of the strategic management
process?
A)Skill improvement plan
B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting
D.) SWOT Analysis
7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis
C.) Strategy Implementation
8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are involved in related
markets and activities.
B)that involves expanding the domain of the organization into supply channels or to
distributors.
C)employed for an organization that operates a single business and competes in a single
industry.
