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Dashboard My courses CBMEC 2 The Nature of Strategic Management Quiz 1_Panaguiton

Started on Thursday, 3 March 2022, 1:28 PM

State Finished
Completed on Thursday, 3 March 2022, 2:08 PM
Time taken 40 mins

Question 1
Complete

Marked out of 1.00

The ______________ structure seeks to simplify and amplify the focus of

resources on a narrow but
strategically important product, project, market,
customer, or innovation

Select one:
Functional

Matrix

Product-team

Divisional

Question 2
Complete

Marked out of 1.00

Which of these is NOT a principal set of inputs to the company mission?

Select one:
Managerial operating philosophy

Determinants of the product market offerings

Identification of CSR auditors

Demands of stakeholder groups

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Question 3

Complete

Marked out of 1.00

Which of the following is a major function of the strategic management

model?

Select one:
It depicts the sequence and relationships of the major components of the
strategic management process

It helps make profits for the firm

It helps in identifying key issues faced by the firm

It helps in deciding which products to sell

Question 4
Complete

Marked out of 1.00

____ is a critical stage in strategy implementation wherein managers

attempt to recast their organization.

Select one:
Continuous improvement

Strategic control

Strategy formulation

Restructuring

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Question 5

Complete

Marked out of 1.00

The doubling of EPS within 5 years with increases in each intervening

year is called a :

Select one:
Long-term objective

Mission

Action plan

Short-term objective

Question 6
Complete

Marked out of 1.00

A _____ provides a framework for managerial decisions.

Select one:
Strategy

Long-term objective

Vision

Organizational structure

Question 7
Complete

Marked out of 1.00

Which level of decisions encompasses greater risk, cost and profit

potential?

Select one:
Corporate

Functional

Lower echelon

Business

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Question 8

Complete

Marked out of 1.00

A ________ is one where there is an owner and usually a few employees

where the arrangement of tasks,
responsibilities and communication is highly
informal and accomplished through direct supervision.

Select one:
Functional structure

Matrix structure

Simple organizational structure

Strategic business unit

Question 9
Complete

Marked out of 1.00

Large-scale, future-oriented plans, for interacting with the competitive

environment to achieve company
objectives refers to its

Select one:
Competitive analysis

Dynamic policies

Strategy
Goals

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Question 10

Complete

Marked out of 1.00

a temporary network of
independent companies—suppliers, customers, subcontractors, even
competitors—linked
primarily by information technology to share skills, access
to markets, and costs

Select one:

greater specificity

near its all time low

 virtual organization

 the business level

Question 11

Complete

Marked out of 1.00

Decisions concerning plant location, distribution channels, geographic

coverage and market segmentation are
typically made at:

Select one:
The corporate level

The business level

The functional level

The Board level

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Question 12

Complete

Marked out of 1.00

The company mission identifies the cope of its

operations in product and market firms 

Select one:
True

False

Question 13
Complete

Marked out of 1.00

The set of decisions and actions that result in the formulation and
implementation of plans designed to achieve a
company's objectives is defined
as:

Select one:
Strategic policy

Strategic management

Business policy

Tactics

Question 14
Complete

Marked out of 1.00

A ____________ organizational structure is one in which a set of

relatively autonomous units, or divisions, are
governed by a central corporate
office but where each operating division has its own functional specialists who
provide products or services different from those of other divisions

Select one:
Divisional

Functional

Simple

Matrix

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Question 15

Complete

Marked out of 1.00

__________ is used in a simple structure.

Select one:
Hierarchical supervision including several management levels

A formalized arrangement of tasks

A high level of empowerment

Direct supervision

Question 16
Complete

Marked out of 1.00

The behavioral consequences of strategic management are similar to those

of

Select one:
authoritative decision making

centralized decision making

autocratic decision making

participative decision making

Question 17
Complete

Marked out of 1.00

The process of reconciliation of the claims made on the firm is

necessary because

Select one:
The claims of various groups often conflict

The government mandates that reconciliation be achieved

A firm is susceptible to liability suits

The number of claims against any firm is so large

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Question 18

Complete

Marked out of 1.00

According to research, the primary vehicle for achieving superior

financial performance from social responsibility
is via:

Select one:

Reputation effects

Internal audit effects

global marketing efforts

gift giving

Question 19
Complete

Marked out of 1.00

Specific actions that need to be undertaken to achieve short-term

objectives, usually by functional areas, refers to

Select one:
Policies

Functional tactics

Process

Formality

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Question 20

Complete

Marked out of 1.00

The _____________ organizational structure is one in which functional

and staff personnel are assigned to
both a basic functional area and to a
project or product manager

Select one:
Simple

Functional
Matrix
Divisional

Question 21
Complete

Marked out of 1.00

Each firm regardless of ____ must decide how to meet its perceived
social responsibility.

Select one:
National origin

Industry

Size
Profitability

Question 22
Complete

Marked out of 1.00

Strategic management processes need which of the following to enhance

future decision making?

Select one:
Testing

Discontinuity

Feedback

Projecting

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Question 23

Complete

Marked out of 1.00

Strategic issues are ____ oriented.

Select one:
Future

Past

Present

Timelessly

Question 24
Complete

Marked out of 1.00

Which one of the following is NOT an interactive segment of a firm's

external environment?

Select one:
Operating

Industry

Remote

Functional

Question 25

Complete

Marked out of 1.00

The strategic business unit (SBU) is an adaptation of the divisional structure

whereby various divisions or parts

of divisions are grouped together based on

some common strategic elements, usually linked to distinct
product/market
differences

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Question 26

Complete

Marked out of 1.00

Which of these is NOT true about the company mission?

Select one:
It implies the image the firm seeks to project

It provides specific strategies for front-line managers

It reflects the firm's self-concept

It embodies the business philosophy of the firm's strategic decision

makers

Question 27
Complete

Marked out of 1.00

Which of the following is NOT a part of a firm's immediate external

environment?

Select one:

Government agencies

Suppliers

Competitors

Technological development

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Question 28

Complete

Marked out of 1.00

refers to the formalized arrangement of interaction between and

responsibility for the tasks, people, and resources
in an organization

Select one:

organizational structure

grand strategy

economic and social conditions

functional tactics

Question 29

Complete

Marked out of 1.00

Functional managers are typically responsible for which of the following?

Select one:
Tactics

Mission

Corporate goals

Annual objectives

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Question 30

Complete

Marked out of 1.00

The difference between long-term and short-term objectives is

principally:

Select one:
Greater attainability

Greater measurability

Greater flexibility

Greater specificity

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