Strategic Management by Michelle M.

Esperal
Prelim Quiz 2
Completed on Saturday, 30 September 2023, 8:39 PM
Marks 10.00/10.00
Grade 100.00 out of 100.00
Question 1

Question text
It is the dream of the business and an inspiration, base for the planning process.

Answer: Vision

Question 2

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It is time-based measurable actions, which help in the accomplishment of goals.

Select one:

Objectives
Business Model
Plan

Question 3
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Organizations need to set adequate and appropriate objective to cover all performance
areas.

Select one:
True
False

Question 4
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The quality of the objectives can be judge on the basis of its ability to give scientific
direction.

Select one:
True
False

Question 5
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A statement, that provides a perspective of the means, which will lead the organization,
reach the vision in the long run.

Select one:
Verifiability
Strategic Intent
Management Intent

Question 6
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It is designed to help potential shareholders and investors understand the purpose of the
company.

Answer: Mission Statement

Question 7
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It seeks to explain the business undertaken by the firm, with respect to the customer needs,
target audience, and alternative technologies.

Answer: Business Definition

Question 8
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Both an Art and science of formulating, implementing, and evaluating, cross-functional
decisions that facilitate an organization to accomplish its objectives.

Answer: Strategic Management

Question 9
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This takes Strategic Intent to an all-together new level by including the employee's
emotions with the organization aspirations.

Select one:
Sense of Destiny

Sense of Discovery
Sense of Direction

Question 10
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Goals are the end results that the organization attempts to achieve.

Select one:
True
False