SM (31-60)

When an organization is evaluating its strategic position, which is not one of the strategic questions that an organization generally may ask itself?

• If no changes are made, where will the organization be in one year

• Where is the organization now

• If the evaluation is negative, what specific actions should management take.

• Are we on target to hit our financial objectives next year

A difference between basic financial planning and forecast-based planning is?

• Forecast-based planning incorporates environmental data and extrapolates current trends.

• Basic financial planning utilizes scenarios and contingency strategies

• Basic financial planning utilizes consultants with sophisticated techniques

• The time horizon is shorter in forecast-based planning

Which of the following is not descriptive of intense rivalry among firms?

• Product offerings that are highly differentiated

• Few competitors or competitors that are roughly equal in size and power

• High exit barriers

• High fixed costs

Which of the following is not a major question to ask in thinking strategically about industry and competitive conditions in a given industry?

• What strategic moves are rivals likely to make next?

• What are the key factors for future competitive success?

• How many companies in the industry have good track records for revenue growth and profitability?

• Does the outlook for the industry offer good prospects for profitability?

Which of the following statements is not true concerning a corporate reputation?

• Reputation tends to be long lasting and hard for others to duplicate.

• A good corporate reputation can be a strategic resource.

• Research shows no positive relationship between corporate reputation and financial performance.

• There is a positive relationship between corporate reputation and financial performance.

Which of the following is not descriptive of a high level of bargaining powers of buyers?

• A buyer earns high profits and is very insensitive to costs and service differences.

• The purchased product represents a high percentage of buyer's costs

• The buyer buys a large proportion of the seller's product or service.

• Alternative suppliers are plentiful because of standardization of the product

The ability of a corporation to shift from one dominant strategy to another is called?

• Contingency management

• Logical management

• Chaos managements

• Strategic flexibility

Which of the following is not descriptive of external environmental scanning?

• Used to identify major stockholders

• Used as a tool to ensure a corporation's long-term health

• Used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy

• Used as a tool to ensure a corporation's long-term health

When examining the corporate value chain of a particular product or service, which one of the following is not one of the primary activities that usually occur?

• Operations

• Auditing and accounting

• Marketing and sales

• Inbound and outbound logistics.

The triple bottom line refers to which of the following?

• Traditional profit/loss, social responsibility, and environmental responsibility

• Water, air and oil

• Physical environment, traditional profit/loss, and air

• Footprints, finance, and environment