01/06/2022, 16:23 Prelim Quiz 2: Attempt review

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UGRD-ITE6101A-2133T /
Week 3-4: Designing a competitive business model and building a solid strategic plan

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Prelim Quiz 2

Started on Wednesday, 1 June 2022, 4:12 PM

State Finished
Completed on Wednesday, 1 June 2022, 4:23 PM
Time taken 11 mins 19 secs
Marks 14.00/15.00
Grade 93.33 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

It involves developing a game plan to guide a  company as it strives to accomplish its  mission, goals , and objectives, and to keep it  on its
desired course.

Select one:
strategic plan

competitive advantage

strategic management


franchise

Your answer is correct.

Question 2
Correct

Mark 1.00 out of 1.00

Negative internal factors that inhibit a  company’s ability to accomplish its mission,  goals, and objectives.

Select one:
vision

strengths

mission

weaknesses


Your answer is correct.

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01/06/2022, 16:23 Prelim Quiz 2: Attempt review

Question 3
Incorrect

Mark 0.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
Formulate strategies.

Translate plans into actions.

All of the above

Establish accurate controls.



Your answer is incorrect.

Question 4
Correct

Mark 1.00 out of 1.00

A clearly defined vision __________ .

Select one:
all of the above


Provides direction

Motivates people

Determines decisions

Your answer is correct.

Question 5
Correct

Mark 1.00 out of 1.00

Positive external factors the company can exploit to accomplish its mission, goals, and objectives.

Select one:
opportunities


threats

weaknesses

strengths

Your answer is correct.



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Question 6
Correct

Mark 1.00 out of 1.00

It is a written expression of how  the company will reflect an entrepreneur’s  values, beliefs, and vision – more than just  “making money.”

Select one:
objectives

vision

mission


goal

Your answer is correct.

Question 7
Correct

Mark 1.00 out of 1.00

The aggregation of factors that sets a company  apart from its competitors and gives it a unique  position in the market that is superior to its 
competition.

Select one:
strategic plan

strategic management

competitive advantage 

franchise

Your answer is correct.

Question 8
Correct

Mark 1.00 out of 1.00

Negative external factors that inhibit the firm's ability  to accomplish its mission, goals, and objectives.

Select one:
opportunities

strengths

weaknesses

threats 

Your answer is correct.

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Question 9
Correct

Mark 1.00 out of 1.00

It is a road map of the actions an entrepreneur  draws up to achieve a company’s mission, goals, and  objectives.

Select one:
purpose

goals

strategy


objectives

Your answer is correct.

Question 10
Correct

Mark 1.00 out of 1.00

Positive internal factors a company can draw on to accomplish its mission, goals, and objectives.

Select one:
strengths


mission

weaknesses

vision

Your answer is correct.

Question 11
Correct

Mark 1.00 out of 1.00

The practice of gathering,  organizing, and disseminating the  collective wisdom and experience  of a company’s employees for the  purpose
of strengthening its  competitive position.

Select one:
purpose 

objectives

strategy

goals

Your answer is correct.

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Question 12
Correct

Mark 1.00 out of 1.00

It is the result of an entrepreneur’s dream of  something that does not exist yet and the ability  to paint a compelling picture of that dream
for  everyone to see.

Select one:
goal

vision


mission

objectives

Your answer is correct.

Question 13
Correct

Mark 1.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
All of the above


Assess strengths and weaknesses.

Scan environment for opportunities and threats.

Develop a vision and translate it into a  mission statement.

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
Analyze competition.

Identify key success factors.

Create goals and objectives.

All of the above



Your answer is correct.

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Question 15
Correct

Mark 1.00 out of 1.00

which of the following is/are aspects of a small company?

Select one:
Service they provide

Products they sell

All of the above



Pricing they offer

Your answer is correct.

◄ W3 & W4 - Designing a competitive business model and building a solid strategic plan - PRESENTATION

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Conducting a Feasibility Analysis and Crafting a Winning Business Plan-Module ►

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