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SPECIAL EXAMINATION

Authored by RAYMOND ABESAMIS

Professional Development

University

Used 2+ times

SPECIAL EXAMINATION
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26 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

He is the former CEO of Colgate.

Reuben Mark

Peter Drucker

John Keane

Louis Gerstner

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

The key characteristics of an effective mission statement are the following, except:

Declaration of attitude

Stakeholder inclusivity

Balance of specificity and generality

Employee Orientation

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

It is crucial because employees must connect personally with the company’s purpose to foster true commitment.

Vision

Mission

Emotional bond

Employee involvement

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Strategic decision-making is important to the following except:

Firm’s customer

Firm’s Chief Operating Officer

Firm’s Division Manager

Firm’s Board of Director

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Among the significant benefits of applying strategy are the following, except:

Strategy provides impetus for commercial success

Strategy highlights where the business is profitable and why

Strategy shows managers where business skills need to be added or strengthened

Strategy limits the manager’s understanding of their customers and competitors

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

It can be defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Strategic Management

Optimization

Coopetition

Strategic Planning

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

The three stages of the strategic management process are the following, except:

Strategy Formulation

Strategy Implementation

Strategy Evaluation

Strategy Planning

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