BSG Test 1 Exam Questions With Correct Answers
According to Figure 1.1, which of the following is not something to look for in identifying a
company's strategy? - Answer-Actions to boost the company credit rating and stock price
Among all the things managers do, nothing affects a company's ultimate success or failure
more fundamentally than - Answer-How well its management team charts the company's
direction, develops competitively effective strategic moves and business approaches, and
pursues what needs to be done internally to produce good day-to-day strategy execution
and operating excellence
Which of the following is not something a company's strategy is concerned with? - Answer-
Management's choice of which of several alternative business models to employ in
delivering value to customers and to shareholders
Which one of the following does not account for why a company's strategy evolves over
time, as shown in Figure 1.2 and explained in the accompanying text discussion? - Answer-
Managerial preferences for keeping the life-cycle of any given strategy short
Which one of the following statements about whether a company's strategy can be
considered ethical is true? - Answer-Just keeping a company's strategic actions within the
bounds of what is legal does not mean the strategy is ethical
A company's strategy can be considered "ethical" - Answer-If it does not entail actions or
behaviors that cross the moral line from "can do" to "should not do"
(because such actions are unsavory, unconscionable, injurious to others, or unnecessarily
harmful to
the environment).
A company's business model - Answer-Is management's blueprint for delivering a valuable
product or service to customers in a manner that will generate revenues sufficient to cover
costs and yield an attractive profit
According to Figure 1.1, which of the following is not something to look for in identifying a
company's strategy? - Answer-Actions to boost the company credit rating and stock price
Among all the things managers do, nothing affects a company's ultimate success or failure
more fundamentally than - Answer-How well its management team charts the company's
direction, develops competitively effective strategic moves and business approaches, and
pursues what needs to be done internally to produce good day-to-day strategy execution
and operating excellence
Which of the following is not something a company's strategy is concerned with? - Answer-
Management's choice of which of several alternative business models to employ in
delivering value to customers and to shareholders
Which one of the following does not account for why a company's strategy evolves over
time, as shown in Figure 1.2 and explained in the accompanying text discussion? - Answer-
Managerial preferences for keeping the life-cycle of any given strategy short
Which one of the following statements about whether a company's strategy can be
considered ethical is true? - Answer-Just keeping a company's strategic actions within the
bounds of what is legal does not mean the strategy is ethical
A company's strategy can be considered "ethical" - Answer-If it does not entail actions or
behaviors that cross the moral line from "can do" to "should not do"
(because such actions are unsavory, unconscionable, injurious to others, or unnecessarily
harmful to
the environment).
A company's business model - Answer-Is management's blueprint for delivering a valuable
product or service to customers in a manner that will generate revenues sufficient to cover
costs and yield an attractive profit
