Question 1 of 20

0.0/ 5.0 Points

__________ strategies are goal-directed plans and actions of the organization’s functional areas.

A. Situational

B. Business

C. Competitive

D. Operational

Feedback: Page 7

Question 2 of 20

0.0/ 5.0 Points

Which of the following statements is NOT true regarding corporate strategies?

A. They are concerned with the broad and more long-term issues of the organization.

B. They are concerned with how the organization is going to compete in a specific business or industry.

C. They are concerned with the direction the organization is headed.

D. They are concerned with the business(es) that the organization is in and the businesses they want to be in.

Feedback: Page 7

Question 3 of 20

0.0/ 5.0 Points

Globalization has created challenges because of the __________ that is necessary to make it work.

A. investment

B. management

C. openness

D. staffing

Feedback: Page 15

Question 4 of 20

0.0/ 5.0 Points

Situation analysis allows the organization to focus on examining:

A. operational competencies.

B. financial controls.

C. the organization's top management.

D. external and internal factors.

Feedback: Page 7

Question 5 of 20

0.0/ 5.0 Points

The board of directors in an organization:

A. plays a significant role in corporate governance.

B. is responsible for the implementation of the organization's operating activities.

C. serves in the role of executive management.

D. is not an important part of the organization's strategic development.

Feedback: Page 11

Question 6 of 20

0.0/ 5.0 Points

Bases for understanding strategic management are all of the following EXCEPT:

A. managing strategically makes a difference in an organization's performance.

B. all organizations encounter changing situations.

C. single approaches to strategy development are superior to multiple approaches.

D. all strategies must be evaluated and changed over time.

Feedback: Page 3

Question 7 of 20

0.0/ 5.0 Points

An organization's __________ are its goal-directed plans and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.

A. mission statements

B. vision statements

C. strategies

D. objectives

Feedback: Page 5

Question 8 of 20

0.0/ 5.0 Points

According to Governance Metrics International (GMI) __________ had the highest overall rating for their governance structures and procedures.

A. Canada

B. Ireland

C. United Kingdom

D. New Zealand

Feedback: Page 16

Question 9 of 20

0.0/ 5.0 Points

Section 404 of the Sarbanes-Oxley Act deals with the establishment and auditing of:

A. external financial controls.

B. internal financial controls.

C. appointment of the CEO.

D. appointment of Board members.

Feedback: Page 17

Question 10 of 20

0.0/ 5.0 Points

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:

A. the corporate vision.

B. the corporate mission.

C. financial information.

D. the balanced scorecard.

Feedback: Page 17

Question 11 of 20

0.0/ 5.0 Points

The organization type which first utilized strategy was the __________ organization.

A. entertainment

B. military

C. retail

D. not-for-profit

Feedback: Page 9

Question 12 of 20

0.0/ 5.0 Points

__________ is/are the determination of the broad uses to which organizational resources will be deployed and the resolution of conflicts among the myriad participants in organizations.

A. Vision

B. Mission

C. Corporate governance

D. Goals

Feedback: Page 16

Question 13 of 20

0.0/ 5.0 Points

Strategic __________ is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization.

A. awareness

B. leadership

C. thinking

D. control

Feedback: Page 13

Question 14 of 20

0.0/ 5.0 Points

Types of strategies within organizations include:

A. situational strategies.

B. functional strategies.

C. product strategies.

D. global strategies.

Feedback: Page 7

Question 15 of 20

0.0/ 5.0 Points

One issue considered in developing corporate strategies is:

A. What competition are we facing?

B. What direction are we going in?

C. What resources do we have to implement our strategies?

D. What businesses are we in and what to do with those businesses?

Feedback: Page 7

Question 16 of 20

0.0/ 5.0 Points

The __________ is an elected group that represents a company’s shareholders.

A. board of directors

B. senior management team

C. steering committee

D. corporate counsel

Feedback: Page 11

Question 17 of 20

0.0/ 5.0 Points

The academic discipline primarily responsible for the development of strategic management is:

A. accounting.

B. economics.

C. philosophy.

D. anthropology.