Quiz in Management 3

Test I: Identification
Instruction: Read carefully the questions and write your answer on the space provided below.

1. Never knows what to do, if anything; no degree on involvement.

_____________________

2. Is the one in charge of maintaining and keeping corporations’ records, documents and
“minutes” from shareholders meetings.
_____________________

3. It is a group of people who jointly supervise the activities of an organization.

_____________________

4. Has the ultimate responsibility for the corporation’s activities, and sign-off on contracts and
other legally binding action on behalf of the corporation.
_____________________

5. In charged with managing the corporation’s day-to-day affairs.

_____________________

6. Permits officers to make all decisions. It votes as the offices recommended on action issues.
_____________________

7. Takes the leading role in establishing and modifying the mission, objectives, strategy, and
policies. It has a very active strategy committee.
_____________________

8. Responsible (directly or indirectly) for almost all of the corporation’s financial matter.
_____________________

9. The system of rules, practices and processes by which a firm is directed and controlled.
_____________________

10. Formally reviews selected issues that officers bring to its attention.
_____________________

Test II: Multiple Choice

Instruction: Read carefully and encircle the correct answer.

1. Which is not part of the role of Board of Directors?

a. Establish vision, mission and values

b. Delegate to management
c. Make financial statements
d. Set strategy and structure

2. Which is part of the responsibility of board of directors?

a. Hire employees
b. Must act with due skill and care
c. Purchase office supplies
d. Keeping Corporations records
3. It plays the highest degree of involvement in Strategic Management.

a. Phantom
b. Strategic Management
c. Catalyst
d. Strategy Implementation

4. It plays the lowest degree of involvement in Strategic Management.

a. Phantom
b. Strategic Management
c. Strategy Evaluation
d. Catalyst

5. It is the study taken by an organization to identify its internal strengths, weaknesses, as well as
its external opportunities and threats.

a. OGSM
b. SWOT
c. GLOBALIZATION
d. STRATEGIC INSIGHTS

Test III: Enumeration

Enumerate the degree of involvement in Strategic Management from Low (passive) to High
(active)

_____________________
_____________________
_____________________
_____________________
_____________________
_____________________
Test 1 answer key

Test I: Identification
Instruction: Read carefully the questions and write your answer on the space provided below.

1. Never knows what to do, if anything; no degree on involvement.

PHANTOM

2. Is the one in charge of maintaining and keeping corporations’ records, documents and
“minutes” from shareholders meetings.
SECRETARY

3. It is a group of people who jointly supervise the activities of an organization.

BOARD OF DIRECTORS

4. Has the ultimate responsibility for the corporation’s activities, and sign-off on contracts and
other legally binding action on behalf of the corporation.
CHIEF EXECUTIVE OFFICER (CEO) or PRESIDENT

5. In charged with managing the corporation’s day-to-day affairs.

CHIEF OPERATING OFFICER (COO)

6. Permits officers to make all decisions. It votes as the offices recommended on action issues.
RUBBER STAMP

7. Takes the leading role in establishing and modifying the mission, objectives, strategy, and
policies. It has a very active strategy committee.
CATALYST

8. Responsible (directly or indirectly) for almost all of the corporation’s financial matter.
CHIEF FINANCIAL OFFICERS (CFO) or TREASURER

9. The system of rules, practices and processes by which a firm is directed and controlled.
CORPORATE GOVERNANCE

10. Formally reviews selected issues that officers bring to its attention.
MINIMAL REVIEW

Test II: Answer Key

Instruction: Read carefully and encircle the correct answer.

1. Which is not part of the role of Board of Directors?

a. Establish vision, mission and values

b. Delegate to management
c. Make financial statements
d. Set strategy and structure

2. Which is part of the responsibility of board of directors?

a. Hire employees
b. Must act with due skill and care
c. Purchase office supplies
d. Keeping Corporations records
3. It plays the highest degree of involvement in Strategic Management.

a. Phantom
b. Minimal Review
c. Catalyst
d. Rubber Stamp

4. It plays the lowest degree of involvement in Strategic Management.

a. Phantom
b. Active participation
c. Minimal Review
d. Catalyst

5. It is the study taken by an organization to identify its internal strengths, weaknesses, as well as
its external opportunities and threats.

a. OGSM
b. SWOT
c. GLOBALIZATION
d. STRATEGIC INSIGHTS

Test III Answer Key

1. Phantom
2. Rubber Stamp
3. Minimal Review
4. Nominal Participation
5. Active Participation
6. Catalyst