Question 1 of 20
0.0/ 5.0 Points
__________ strategies are goal-directed plans and actions of
the organizations functional areas.
A. Situational
B. Business
C. Competitive
D. Operational
Feedback: Page 7
Question 2 of 20
0.0/ 5.0 Points
Which of the following statements is NOT true regarding
corporate strategies?
A. They are concerned with the broad and more long-term
issues of the organization.
B. They are concerned with how the organization is going to
compete in a specific business or industry.
C. They are concerned with the direction the organization is
headed.
D. They are concerned with the business(es) that the
organization is in and the businesses they want to be in.
Feedback: Page 7
Question 3 of 20
0.0/ 5.0 Points
Globalization has created challenges because of the
__________ that is necessary to make it work.
A. investment
B. management
C. openness
D. staffing
Feedback: Page 15
Question 4 of 20
0.0/ 5.0 Points
Situation analysis allows the organization to focus on
examining:
A. operational competencies.
B. financial controls.
C. the organization’s top management.
D. external and internal factors.
Feedback: Page 7
Question 5 of 20
0.0/ 5.0 Points
The board of directors in an organization:
A. plays a significant role in corporate governance.
B. is responsible for the implementation of the
organization’s operating activities.
C. serves in the role of executive management.
D. is not an important part of the organization’s strategic
development.
Feedback: Page 11
Question 6 of 20
0.0/ 5.0 Points
Bases for understanding strategic management are all of the
following EXCEPT:
A. managing strategically makes a difference in an
organization’s performance.
B. all organizations encounter changing situations.
C. single approaches to strategy development are superior to
multiple approaches.
D. all strategies must be evaluated and changed over time.
Feedback: Page 3
Question 7 of 20
0.0/ 5.0 Points
An organization’s __________ are its goal-directed plans and
actions in which its capabilities and resources are matched with the
opportunities and threats in its environment.
A. mission statements
B. vision statements
C. strategies
D. objectives
Feedback: Page 5
Question 8 of 20
0.0/ 5.0 Points
According to Governance Metrics International (GMI)
__________ had the highest overall rating for their governance structures and
procedures.
A. Canada
B. Ireland
C. United Kingdom
D. New Zealand
Feedback: Page 16
Question 9 of 20
0.0/ 5.0 Points
Section 404 of the Sarbanes-Oxley Act deals with the
establishment and auditing of:
A. external financial controls.
B. internal financial controls.
C. appointment of the CEO.
D. appointment of Board members.
Feedback: Page 17
Question 10 of 20
0.0/ 5.0 Points
In addition to expanding the role of board members, the
Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:
A. the corporate vision.
B. the corporate mission.
C. financial information.
D. the balanced scorecard.
Feedback: Page 17
Question 11 of 20
0.0/ 5.0 Points
The organization type which first utilized strategy was the
__________ organization.
A. entertainment
B. military
C. retail
D. not-for-profit
Feedback: Page 9
Question 12 of 20
0.0/ 5.0 Points
__________ is/are the determination of the broad uses to
which organizational resources will be deployed and the resolution of conflicts
among the myriad participants in organizations.
A. Vision
B. Mission
C. Corporate governance
D. Goals
Feedback: Page 16
Question 13 of 20
0.0/ 5.0 Points
Strategic __________ is the ability to anticipate, envision,
maintain flexibility, think strategically, and work with others in the
organization to initiate changes that will create a viable and valuable future
for the organization.
A. awareness
B. leadership
C. thinking
D. control
Feedback: Page 13
Question 14 of 20
0.0/ 5.0 Points
Types of strategies within organizations include:
A. situational strategies.
B. functional strategies.
C. product strategies.
D. global strategies.
Feedback: Page 7
Question 15 of 20
0.0/ 5.0 Points
One issue considered in developing corporate strategies is:
A. What competition are we facing?
B. What direction are we going in?
C. What resources do we have to implement our strategies?
D. What businesses are we in and what to do with those
businesses?
Feedback: Page 7
Question 16 of 20
0.0/ 5.0 Points
The __________ is an elected group that represents a
companys shareholders.
A. board of directors
B. senior management team
C. steering committee
D. corporate counsel
Feedback: Page 11
Question 17 of 20
0.0/ 5.0 Points
The academic discipline primarily responsible for the
development of strategic management is:
A. accounting.
B. economics.
C. philosophy.
D. anthropology.Question 1 of 200.0/ 5.0 Points__________ strategies are goal-directed plans and actions of
the organizations functional areas.A. SituationalB. BusinessC. CompetitiveD. OperationalFeedback: Page 7Question 2 of 200.0/ 5.0 PointsWhich of the following statements is NOT true regarding
corporate strategies?A. They are concerned with the broad and more long-term
issues of the organization.B. They are concerned with how the organization is going to
compete in a specific business or industry.C. They are concerned with the direction the organization is
headed.D. They are concerned with the business(es) that the
organization is in and the businesses they want to be in.Feedback: Page 7Question 3 of 200.0/ 5.0 PointsGlobalization has created challenges because of the
__________ that is necessary to make it work.A. investmentB. managementC. opennessD. staffingFeedback: Page 15Question 4 of 200.0/ 5.0 PointsSituation analysis allows the organization to focus on
examining:A. operational competencies.B. financial controls.C. the organization’s top management.D. external and internal factors.Feedback: Page 7Question 5 of 200.0/ 5.0 PointsThe board of directors in an organization:A. plays a significant role in corporate governance.B. is responsible for the implementation of the
organization’s operating activities.C. serves in the role of executive management.D. is not an important part of the organization’s strategic
development.Feedback: Page 11Question 6 of 200.0/ 5.0 PointsBases for understanding strategic management are all of the
following EXCEPT:A. managing strategically makes a difference in an
organization’s performance.B. all organizations encounter changing situations.C. single approaches to strategy development are superior to
multiple approaches.D. all strategies must be evaluated and changed over time.Feedback: Page 3Question 7 of 200.0/ 5.0 PointsAn organization’s __________ are its goal-directed plans and
actions in which its capabilities and resources are matched with the
opportunities and threats in its environment.A. mission statementsB. vision statementsC. strategiesD. objectivesFeedback: Page 5Question 8 of 200.0/ 5.0 PointsAccording to Governance Metrics International (GMI)
__________ had the highest overall rating for their governance structures and
procedures.A. CanadaB. IrelandC. United KingdomD. New ZealandFeedback: Page 16Question 9 of 200.0/ 5.0 PointsSection 404 of the Sarbanes-Oxley Act deals with the
establishment and auditing of:A. external financial controls.B. internal financial controls.C. appointment of the CEO.D. appointment of Board members.Feedback: Page 17Question 10 of 200.0/ 5.0 PointsIn addition to expanding the role of board members, the
Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:A. the corporate vision.B. the corporate mission.C. financial information.D. the balanced scorecard.Feedback: Page 17Question 11 of 200.0/ 5.0 PointsThe organization type which first utilized strategy was the
__________ organization.A. entertainmentB. militaryC. retailD. not-for-profitFeedback: Page 9Question 12 of 200.0/ 5.0 Points__________ is/are the determination of the broad uses to
which organizational resources will be deployed and the resolution of conflicts
among the myriad participants in organizations.A. VisionB. MissionC. Corporate governanceD. GoalsFeedback: Page 16Question 13 of 200.0/ 5.0 PointsStrategic __________ is the ability to anticipate, envision,
maintain flexibility, think strategically, and work with others in the
organization to initiate changes that will create a viable and valuable future
for the organization.A. awarenessB. leadershipC. thinkingD. controlFeedback: Page 13Question 14 of 200.0/ 5.0 PointsTypes of strategies within organizations include:A. situational strategies.B. functional strategies.C. product strategies.D. global strategies.Feedback: Page 7Question 15 of 200.0/ 5.0 PointsOne issue considered in developing corporate strategies is:A. What competition are we facing?B. What direction are we going in?C. What resources do we have to implement our strategies?D. What businesses are we in and what to do with those
businesses?Feedback: Page 7Question 16 of 200.0/ 5.0 PointsThe __________ is an elected group that represents a
companys shareholders.A. board of directorsB. senior management teamC. steering committeeD. corporate counselFeedback: Page 11Question 17 of 200.0/ 5.0 PointsThe academic discipline primarily responsible for the
development of strategic management is:A. accounting.B. economics.C. philosophy.D. anthropology.
