REMEDIAL EXAM IN CBMEC2-STRAMA

True or False:

Fayol's principle of "Discipline" emphasizes the need for employees to respect authority and adhere to organizational rules and agreements.

• True

• False

True of False:

Competitive advantage is always linked to a company’s ability to innovate, making innovation the most critical factor in achieving success. 

• False

• True

True or False:

Strategic leadership focuses primarily on the day-to-day operations of an organization rather than long-term goals and vision.

• True

• False

True or False:

Strategic leadership involves making decisions based solely on current market trends without considering the future direction of the organization.

• True

• False

True or False:

Environmental scanning involves only analyzing external factors, such as market trends and competition, and does not require consideration of internal factors like organizational culture or resources.

• False

• True

Fill in the blank:

What is a statement that articulate the scope and purpose of an organization?

Select the correct answer:

  Which of the following is an example of a political factor that could affect a business? 

• Consumer behaviour changes   

• Technological advancement  

• Government taxation policies

• Supplier demand

Provide the correct answer:

What framework is used to evaluate a company’s internal strengths and weaknesses as well as external opportunities and threats?

Select the correct answer:

In strategic leadership, decision-making should be:

             

• Based solely on intuition and gut feelings.

•   Data driven that consider both the immediate and long term impacts on the organization.

• Focused only on minimizing costs and maximizing profits.

• Made without considering the broader organizational goals.

Provide the correct answer:

What is the process of gathering, analyzing, and utilizing information about competitors, the market, and industry trends to inform strategic decision-making and gain a competitive advantage?