PROFESSIONAL
BUSINESS PRACTICE
Strategic Management
& Corporate
Governance 2026-
VERSION WITH
QUESTIONS AND
VERIFIED ANSWERS.
1. Q: What is the primary goal of
corporate governance?
, A: To ensure accountability and
transparency
R: Governance ensures management
acts in stakeholders’ best interests.
2. Q: Which tool is used for
environmental scanning?
A: PESTLE analysis
R: It evaluates external macro-
environmental factors.
3. Q: What does SWOT analysis
evaluate?
A: Strengths, Weaknesses,
Opportunities, Threats
R: It combines internal and external
analysis.
, 4. Q: A mission statement defines:
A: The purpose of an organization
R: It explains why the organization
exists.
5. Q: Strategic planning focuses on:
A: Long-term objectives
R: It sets direction for future growth.
6. Q: Corporate social responsibility
mainly concerns:
A: Ethical obligations to society
R: Businesses must act beyond profit
motives.
7. Q: A monopoly is characterized by:
A: Single seller in the market
R: No close substitutes exist.
BUSINESS PRACTICE
Strategic Management
& Corporate
Governance 2026-
VERSION WITH
QUESTIONS AND
VERIFIED ANSWERS.
1. Q: What is the primary goal of
corporate governance?
, A: To ensure accountability and
transparency
R: Governance ensures management
acts in stakeholders’ best interests.
2. Q: Which tool is used for
environmental scanning?
A: PESTLE analysis
R: It evaluates external macro-
environmental factors.
3. Q: What does SWOT analysis
evaluate?
A: Strengths, Weaknesses,
Opportunities, Threats
R: It combines internal and external
analysis.
, 4. Q: A mission statement defines:
A: The purpose of an organization
R: It explains why the organization
exists.
5. Q: Strategic planning focuses on:
A: Long-term objectives
R: It sets direction for future growth.
6. Q: Corporate social responsibility
mainly concerns:
A: Ethical obligations to society
R: Businesses must act beyond profit
motives.
7. Q: A monopoly is characterized by:
A: Single seller in the market
R: No close substitutes exist.
