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1. Which of the following is not a part of a firm's external environment?A) intellectual propertyB) competitorsC) suppliersD) government agencies2. To a large extent, attitudes at the corporate level reflect the concerns of A) stockholders and society at largeB) top managersC) the CEOD) the federal government3. The ideal strategic management team includes decision makers fromA) all three company levels (corporate, business, and functional)B) just the corporate levelC) just the corporate and business levelsD) just the top management4. Which of the following is a major function of the strategic management model?
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A) it helps make profits for the firm.B) it helps in identifying key issues faced by the firm.
C) it helps in deciding which products to sell.D) it depicts the sequence and relationships of the major components of the strategic management process.5. Which of the following is a generic strategy option?A) narrow marginsB) diversificationC) differentiationD) retrenchment6. Horizontal integration is an example of aA) generic strategyB) grand strategyC) functional level strategyD) SBU strategy7. Strategic decisions ostensibly commit the firm forA) 1-2 yearsB) the short termC) 3-4 yearsD) a long period of time, typically five years8. Three organizational elements providing fundamental, long-term means for institutionalizing a firm's strategy are:A) leadership, power, culture
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B) culture, structure, leadershipC) objectivity, power, cultureD) power, effectiveness, structure
E) none of the above9. Forces and conditions that originate beyond and usually irrespective of any single firm's immediate operating environ A) remote environmentB) task environmentC) operating environmentD) internal environmentE) socio-cultural environment10. The results which an organization seeks over a multi-year period are its:A) grand strategiesB) long-term objectivesC) long-term strategiesD) short-term goalsE) tactics11. The general plan of major actions through which a firm intends to achieve its long-term objectives is called its:A) corporate planB) long-term goalC) grand strategyD) mission12. Functional managers are typically responsible for which of the following?
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Mgt 498 Final Exam | University of Phoenix Final Exams Study Guide | Which of the following is not a part of a firm's external environment?
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mgt 498 competitive advantages paper
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