CM4223 Midterm - Kimberly Williams
Study Guide Exam and Actual
Answers 2025-2026 Updated.
Generally, external opportunities and threats are:
A.
uncontrollable by a single organization
B.
key functions in strategy implementation
C.
unable to have a significant impact on an organization
D.
not worth monitoring and evaluating
E.
key functions in strategy exploitation - Answer uncontrollable by a single organization
The goal of Strategic Management is to:
A.
eliminate competitive advantage
B.
achieve competitive advantage
C.
maintain competitive advantage
D.
achieve and maintain competitive advantage
E.
eliminate and abolish competitive advantage - Answer achieve and maintain competitive
advantage
The Internet has transferred power from ________ to ________.
A.
, individuals; governments
D.
individuals; businesses
E.
businesses; individuals - Answer businesses; individuals
Long-term objectives should be all of the following EXCEPT
A.
reasonable
B.
challenging
C.
consistent
D.
measurable
E.
continually changing - Answer continually changing
The fact that Apple has no manufacturing facilities of its own:
A.has caused it to build up massive debt on its balance sheet.
B.means that it is in the same position as Sony.
C.illustrates that having more fixed assets than rival firms can provide major competitive
advantages in a global recession.
D.has enabled it to remain financially lean.
E.has been problematic for Apple in terms of debt. - Answer has enabled it to remain
financially lean.
An organization's vision statement
A.
is a constant reminder to its employees of why the organization exists.
B.
broadly charts the future direction of an organization.
Study Guide Exam and Actual
Answers 2025-2026 Updated.
Generally, external opportunities and threats are:
A.
uncontrollable by a single organization
B.
key functions in strategy implementation
C.
unable to have a significant impact on an organization
D.
not worth monitoring and evaluating
E.
key functions in strategy exploitation - Answer uncontrollable by a single organization
The goal of Strategic Management is to:
A.
eliminate competitive advantage
B.
achieve competitive advantage
C.
maintain competitive advantage
D.
achieve and maintain competitive advantage
E.
eliminate and abolish competitive advantage - Answer achieve and maintain competitive
advantage
The Internet has transferred power from ________ to ________.
A.
, individuals; governments
D.
individuals; businesses
E.
businesses; individuals - Answer businesses; individuals
Long-term objectives should be all of the following EXCEPT
A.
reasonable
B.
challenging
C.
consistent
D.
measurable
E.
continually changing - Answer continually changing
The fact that Apple has no manufacturing facilities of its own:
A.has caused it to build up massive debt on its balance sheet.
B.means that it is in the same position as Sony.
C.illustrates that having more fixed assets than rival firms can provide major competitive
advantages in a global recession.
D.has enabled it to remain financially lean.
E.has been problematic for Apple in terms of debt. - Answer has enabled it to remain
financially lean.
An organization's vision statement
A.
is a constant reminder to its employees of why the organization exists.
B.
broadly charts the future direction of an organization.
