BUS 660 FINAL EXAM BUS 660
FINAL EXAM completed with 100%
answers
Course
BUS 660 FINAL
Question 1
Which strategic management process begins by analyzing both internal and external
environments?
A. Implementation
B. Evaluation
C. Environmental scanning
D. Budgeting
Correct Answer: C. Environmental scanning
Explanation: Environmental scanning identifies opportunities, threats, strengths, and
weaknesses before strategic decisions are made.
Question 2
The SWOT framework evaluates:
A. Sales, Workforce, Operations, Technology
B. Strengths, Weaknesses, Opportunities, Threats
C. Strategy, Workload, Objectives, Targets
D. Systems, Workforce, Organization, Timing
Correct Answer: B. Strengths, Weaknesses, Opportunities, Threats
Explanation: SWOT combines internal and external factors to support strategic planning.
Question 3
A company's mission statement primarily defines:
A. Quarterly profits
B. Future stock price
,C. Organizational purpose
D. Employee salaries
Correct Answer: C. Organizational purpose
Explanation: A mission explains why the organization exists and whom it serves.
Question 4
Porter's Five Forces analyzes:
A. Employee motivation
B. Industry competitiveness
C. Accounting performance
D. Marketing budgets
Correct Answer: B. Industry competitiveness
Explanation: The model evaluates competitive rivalry, supplier power, buyer power, substitutes,
and new entrants.
Question 5
Which leadership style encourages employee participation in decision-making?
A. Autocratic
B. Democratic
C. Laissez-faire
D. Bureaucratic
Correct Answer: B. Democratic
Explanation: Democratic leaders involve team members in decision-making.
Question 6
Corporate social responsibility (CSR) emphasizes:
A. Only maximizing shareholder wealth
B. Legal avoidance
C. Ethical responsibilities toward stakeholders
D. Eliminating competition
, Correct Answer: C. Ethical responsibilities toward stakeholders
Explanation: CSR balances profitability with social, ethical, and environmental responsibilities.
Question 7
Which financial statement reports assets, liabilities, and equity?
A. Income Statement
B. Balance Sheet
C. Cash Flow Statement
D. Budget Report
Correct Answer: B. Balance Sheet
Explanation: The balance sheet presents a company's financial position at a specific point in
time.
Question 8
Net Present Value (NPV) is primarily used for:
A. Employee evaluation
B. Capital budgeting
C. Payroll processing
D. Marketing analysis
Correct Answer: B. Capital budgeting
Explanation: NPV helps determine whether an investment is expected to create value.
Question 9
A differentiation strategy focuses on:
A. Lowest cost
B. Product uniqueness
C. Market withdrawal
D. Price matching
Correct Answer: B. Product uniqueness
FINAL EXAM completed with 100%
answers
Course
BUS 660 FINAL
Question 1
Which strategic management process begins by analyzing both internal and external
environments?
A. Implementation
B. Evaluation
C. Environmental scanning
D. Budgeting
Correct Answer: C. Environmental scanning
Explanation: Environmental scanning identifies opportunities, threats, strengths, and
weaknesses before strategic decisions are made.
Question 2
The SWOT framework evaluates:
A. Sales, Workforce, Operations, Technology
B. Strengths, Weaknesses, Opportunities, Threats
C. Strategy, Workload, Objectives, Targets
D. Systems, Workforce, Organization, Timing
Correct Answer: B. Strengths, Weaknesses, Opportunities, Threats
Explanation: SWOT combines internal and external factors to support strategic planning.
Question 3
A company's mission statement primarily defines:
A. Quarterly profits
B. Future stock price
,C. Organizational purpose
D. Employee salaries
Correct Answer: C. Organizational purpose
Explanation: A mission explains why the organization exists and whom it serves.
Question 4
Porter's Five Forces analyzes:
A. Employee motivation
B. Industry competitiveness
C. Accounting performance
D. Marketing budgets
Correct Answer: B. Industry competitiveness
Explanation: The model evaluates competitive rivalry, supplier power, buyer power, substitutes,
and new entrants.
Question 5
Which leadership style encourages employee participation in decision-making?
A. Autocratic
B. Democratic
C. Laissez-faire
D. Bureaucratic
Correct Answer: B. Democratic
Explanation: Democratic leaders involve team members in decision-making.
Question 6
Corporate social responsibility (CSR) emphasizes:
A. Only maximizing shareholder wealth
B. Legal avoidance
C. Ethical responsibilities toward stakeholders
D. Eliminating competition
, Correct Answer: C. Ethical responsibilities toward stakeholders
Explanation: CSR balances profitability with social, ethical, and environmental responsibilities.
Question 7
Which financial statement reports assets, liabilities, and equity?
A. Income Statement
B. Balance Sheet
C. Cash Flow Statement
D. Budget Report
Correct Answer: B. Balance Sheet
Explanation: The balance sheet presents a company's financial position at a specific point in
time.
Question 8
Net Present Value (NPV) is primarily used for:
A. Employee evaluation
B. Capital budgeting
C. Payroll processing
D. Marketing analysis
Correct Answer: B. Capital budgeting
Explanation: NPV helps determine whether an investment is expected to create value.
Question 9
A differentiation strategy focuses on:
A. Lowest cost
B. Product uniqueness
C. Market withdrawal
D. Price matching
Correct Answer: B. Product uniqueness
