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CHAPTER QUIZ

Authored by Mary Wales

Business

University

Used 7+ times

CHAPTER QUIZ
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30 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It serves as guide for decision-making and action.

Strategic Management

Business Policies

Strategy

Tactics

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following are the three vantage points of strategy except:

Strategy formulation

Strategy implementation

Strategic controlling

Strategic labelling

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Realized strategy is the product of intended and emerging strategy which is identified as the actual strategy implemented by management

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following are the characteristics of strategy except:

A grand plan made in anticipation of business competition

Relevant in the context of business completion

Involves a limited program of action and allocation of resources

Decision on organization objectives, resource usage, and allocation

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Conflicts between policies and strategies can create organizational success.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Strategy and policy often clash, making it easier to implement a strategy within the boundaries of existing policy.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Business policies are operational in nature while strategies are generally directional.

TRUE

FALSE

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