C483 Multiple Attempt Readiness Exam
With Answers.
The internal environment includes: - ANSWER- culture and climate
Which of the following refers to the immediate environment surrounding a firm, including
suppliers, customers, rivals, and new entrants? - ANSWER- Competitive environment
Pluto Inc. is computer technology corporation that has been manufacturing laptops for
the last five years. Recently, in the face of sinking market share, Pluto reduced its
dependency on laptops by venturing into tablets and smartphones. This is an example
of _____. - ANSWER- diversification
The planning level with the shortest time horizon is known as _____ planning. -
ANSWER- operational
Which of the following is one among the six components of the strategic management
process? - ANSWER- SWOT analysis
The most effective _____ statements inspire organization members, offering a
worthwhile target for the entire organization to work together to achieve. - ANSWER-
vision
A vertical integration strategy is a strategy: - ANSWER- that involves expanding the
domain of the organization into supply channels or to distributors.
When an enterprising individual pursues a lucrative opportunity, it is known as: -
ANSWER- entrepreneurship
Which of the following is a key difference between an entrepreneur and an
intrapreneur? - ANSWER- An entrepreneur receives no corporate support, whereas an
intrapreneur has the benefit of corporate support.
Which of the following is a formal planning step that focuses on an entire venture and
describes all the elements involved in starting it? - ANSWER- A business plan
Which of the following refers to project teams designated to produce a new product? -
ANSWER- Skunkworks
One of the major tasks performed by the board of directors in a corporation is: -
ANSWER- selecting and recruiting the CEO.
With Answers.
The internal environment includes: - ANSWER- culture and climate
Which of the following refers to the immediate environment surrounding a firm, including
suppliers, customers, rivals, and new entrants? - ANSWER- Competitive environment
Pluto Inc. is computer technology corporation that has been manufacturing laptops for
the last five years. Recently, in the face of sinking market share, Pluto reduced its
dependency on laptops by venturing into tablets and smartphones. This is an example
of _____. - ANSWER- diversification
The planning level with the shortest time horizon is known as _____ planning. -
ANSWER- operational
Which of the following is one among the six components of the strategic management
process? - ANSWER- SWOT analysis
The most effective _____ statements inspire organization members, offering a
worthwhile target for the entire organization to work together to achieve. - ANSWER-
vision
A vertical integration strategy is a strategy: - ANSWER- that involves expanding the
domain of the organization into supply channels or to distributors.
When an enterprising individual pursues a lucrative opportunity, it is known as: -
ANSWER- entrepreneurship
Which of the following is a key difference between an entrepreneur and an
intrapreneur? - ANSWER- An entrepreneur receives no corporate support, whereas an
intrapreneur has the benefit of corporate support.
Which of the following is a formal planning step that focuses on an entire venture and
describes all the elements involved in starting it? - ANSWER- A business plan
Which of the following refers to project teams designated to produce a new product? -
ANSWER- Skunkworks
One of the major tasks performed by the board of directors in a corporation is: -
ANSWER- selecting and recruiting the CEO.
