Strategic Management Ch1

Quiz
•
Business
•
University
•
Hard
Nora Liza
Used 3+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cornerstone of every business?
Marketing strategy
Human resource planning
Corporate strategy
Budgeting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Strategy helps a business define its relationship with:
Government agencies
Investors only
Internal and external environment
Technology partners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the Five Tasks of Strategic Management?
Developing Vision & Mission
Setting Objectives
Hiring New Employees
Evaluating Performance & Making Adjustments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Crafting a strategy falls under which task in the strategic management process?
Task 1
Task 2
Task 3
Task 5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for performing strategic management tasks?
Only the CEO
Managers at different levels
Customers
Suppliers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the first task in the strategic management process?
Setting Objectives
Evaluating Performance
Crafting a Strategy
Developing Vision & Mission
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a well-developed strategy provide to an organization?
Stock market valuation
Legal compliance
Direction and alignment
Weekly schedules
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