BUS 4407-01 STRATEGIC MANAGEMENT COMPREHENSIVE
EXAM QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Which of the following is NOT a component of a thorough strategic
management process?
Select one:
a. Strategy dissembling
b. Strategic analysis
c. Strategic choice
d. Strategy implementation Ans✓✓✓ a. Strategy dissembling
A comprehensive definition of strategy encompasses which of the
following elements?
Select one:
a. Scope
b. Resources
c. Environment
d. All of the above Ans✓✓✓ d. All of the above
Which of the following represents a functional level strategy?
Select one:
a. Human resources
b. Marketing
,c. Research and development
d. All of the above Ans✓✓✓ d. All of the above
After a strategy has been selected, what is the next step in the strategic
process?
Select one:
a. Blue sky estimation
b. Legal review
c. Implementation
d. Tax compliance Ans✓✓✓ c. Implementation
Which of the following is an example of a stakeholder in the
construction of a new convenience store?
Select one:
a. A private home immediately adjacent to a small convenience store.
b. The manager of a small convenience store.
c. The government-run airport in the neighboring county.
d. Choices A and B. Ans✓✓✓ d. Choices A and B.
Which of the following might be included in an organization's mission
statement?
Select one:
a. Geographic areas and markets served
b. Current and future products
,c. Profitability and the organization's business type
d. All of the above Ans✓✓✓ d. All of the above
How long into the future should a vision statement look?
Select one:
a. At least five years to set a lofty future state.
b. No more than five years, because the business environment is very
turbulent.
c. Five years exactly so that costs can be depreciated for tax reasons.
d. The same period as the mission statement to ensure pairing of
resources and objectives. Ans✓✓✓ a. At least five years to set a lofty
future state.
What kind of strategy is associated with very specific outcomes or
objectives, operation managerial involvement, and brief time horizons?
Select one:
a. Values-driven
b. Concentric
c. Functional
d. Cooperative Ans✓✓✓ c. Functional
Which of the following is NOT one of the three hierarchical levels of
strategy?
Select one:
, a. Corporate
b. Profit
c. Business unit
d. Functional Ans✓✓✓ b. Profit
Which general approach to strategic management is based on economic
theory?
Select one:
a. Communal
b. Sociological
c. Industrial Organizational
d. Venetian Ans✓✓✓ c. Industrial Organizational
The collection and subsequent analysis of publicly available information
about other organizations in the same market space is known as:
Select one:
a. A SWOT
b. Competitive intelligence.
c. Datatel.
d. Database construction. Ans✓✓✓ b. Competitive intelligence.
Which of the following is NOT a benefit of gathering information about
competitors?
Select one:
EXAM QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Which of the following is NOT a component of a thorough strategic
management process?
Select one:
a. Strategy dissembling
b. Strategic analysis
c. Strategic choice
d. Strategy implementation Ans✓✓✓ a. Strategy dissembling
A comprehensive definition of strategy encompasses which of the
following elements?
Select one:
a. Scope
b. Resources
c. Environment
d. All of the above Ans✓✓✓ d. All of the above
Which of the following represents a functional level strategy?
Select one:
a. Human resources
b. Marketing
,c. Research and development
d. All of the above Ans✓✓✓ d. All of the above
After a strategy has been selected, what is the next step in the strategic
process?
Select one:
a. Blue sky estimation
b. Legal review
c. Implementation
d. Tax compliance Ans✓✓✓ c. Implementation
Which of the following is an example of a stakeholder in the
construction of a new convenience store?
Select one:
a. A private home immediately adjacent to a small convenience store.
b. The manager of a small convenience store.
c. The government-run airport in the neighboring county.
d. Choices A and B. Ans✓✓✓ d. Choices A and B.
Which of the following might be included in an organization's mission
statement?
Select one:
a. Geographic areas and markets served
b. Current and future products
,c. Profitability and the organization's business type
d. All of the above Ans✓✓✓ d. All of the above
How long into the future should a vision statement look?
Select one:
a. At least five years to set a lofty future state.
b. No more than five years, because the business environment is very
turbulent.
c. Five years exactly so that costs can be depreciated for tax reasons.
d. The same period as the mission statement to ensure pairing of
resources and objectives. Ans✓✓✓ a. At least five years to set a lofty
future state.
What kind of strategy is associated with very specific outcomes or
objectives, operation managerial involvement, and brief time horizons?
Select one:
a. Values-driven
b. Concentric
c. Functional
d. Cooperative Ans✓✓✓ c. Functional
Which of the following is NOT one of the three hierarchical levels of
strategy?
Select one:
, a. Corporate
b. Profit
c. Business unit
d. Functional Ans✓✓✓ b. Profit
Which general approach to strategic management is based on economic
theory?
Select one:
a. Communal
b. Sociological
c. Industrial Organizational
d. Venetian Ans✓✓✓ c. Industrial Organizational
The collection and subsequent analysis of publicly available information
about other organizations in the same market space is known as:
Select one:
a. A SWOT
b. Competitive intelligence.
c. Datatel.
d. Database construction. Ans✓✓✓ b. Competitive intelligence.
Which of the following is NOT a benefit of gathering information about
competitors?
Select one:
