
STM Ch2 Qz2 Fall22
Authored by Harris Laeeque
Arts
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The fundamental purpose of strategy is to develop, maintain and sustain competitive advantage
T
F
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Strategic management is a multi-level process that is aimed mainly at the formulation of successful strategies for a company
T
F
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The steps involved in the strategic management process are interdependent: any change is one particular step can significantly affect the other step/s
T
F
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A realized strategy is the plan at the beginning, while a deliberate/intended strategy is how it worked out at the end
T
F
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The ultimate authority to make strategic decisions lies with the senior-most executives, however the board of directors can object to their decisions or reject them
T
F
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Stage 2 and 3 of the strategic management process must occur side-by-side rather than sequentially, because strategies are built on assumptions which, in the absence of perfect knowledge, will never be perfectly correct
T
F
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business unit is a self-contained division (with its own functions—for example, finance) that provides a product or service for a particular market
T
F
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