Chapter 8 Quiz on Strategic Management

Chapter 8 Quiz on Strategic Management

University

86 Qs

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Chapter 8 Quiz on Strategic Management

Chapter 8 Quiz on Strategic Management

Assessment

Quiz

English

University

Practice Problem

Hard

Created by

Hào Quốc

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86 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a strategic design for how a company intends to profit from its strategies, work processes, and work activities?

A strategic management model.

A strategic model.

A business model.

A competitive model.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Studies of the factors that contribute to organizational performance have shown ________ relationship between strategic planning and performance.

a negative

a positive

no

a mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is strategic management important?

Most organizations do not change.

It has little impact on organizational performance.

Organizations are composed of similar divisions and functions.

It is involved in many of the decisions that managers make.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first ________ steps of the strategic management process describe the planning that must take place.

four

three

five

two

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the first step of strategic management, the mission of the firm answers the question, ________

"who are our customers?"

"what is our reason for being in business?"

"what business should we be in?"

"who are our creditors?"

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What provides clues as to what an organization sees as its purpose?

The organization's strategies.

The organization's mission.

The organization's goals.

The organization's business model.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the first step of strategic management, identifying the current strategies and goals provides ________.

an understanding of what the competition is doing

important information about an organization's specific resources and capabilities

a basis to determine if the goals need to be changed

an idea of what trends and changes are occurring

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