Strategic Management Worksheet – Multiple Choice

Choose the one alternative that best completes the statement or answers the question: According to Henry Mintzberg, the final realized strategy of a firm is

• a combination of deliberate and emergent strategies.

• a combination of deliberate and differentiation strategies.

• not deliberate.

• a result of unrealized intended strategy.

Choose the one alternative that best completes the statement or answers the question: Two types of strategic control that firms must exercise for good strategy implementation are ______ and ______.

• informational; confrontational

• informational; behavioral

• behavioral; financial

• confrontational; behavioral

Choose the one alternative that best completes the statement or answers the question: The three participants in corporate governance are the shareholders, ______, and ______.

• board of directors, and employees.

• labor unions, and employees.

• board of directors, and management.

• banks and lending institutions, and management.

Choose the one alternative that best completes the statement or answers the question: Stakeholders are

• a new way to describe stockholders.

• individuals, groups, and organizations who have a stake in the success of the organization.

• creditors who hold a lien on the assets of the organization.

• attorneys and their clients who sue the organization.

Choose the one alternative that best completes the statement or answers the question: Employee stakeholders are concerned with

• wages, benefits, and job security.

• taxes, warranties, and regulations.

• good citizenship behavior.

• dividends.

Choose the one alternative that best completes the statement or answers the question: Stockholders as a stakeholder group are interested primarily in

• payment of interest and repayment of principal.

• dividends and capital appreciation.

• value and warranties.

• taxes and compliance with regulations.

Choose the one alternative that best completes the statement or answers the question: Community stakeholders are concerned primarily with

• product warranties.

• corporate citizenship behavior.

• capital appreciation.

• repayment of principal.

Choose the one alternative that best completes the statement or answers the question: According to the text, the triple bottom line approach to corporate accounting includes which three components?

• financial, environmental, and customer

• financial, organizational, and customer

• financial, environmental, and social

• financial, organizational, and psychological

Choose the one alternative that best completes the statement or answers the question: The hierarchy of organizational goals is in the following order (least specific to most specific):

• vision statements, strategic objectives, mission statements.

• vision statements, mission statements, strategic objectives.

• mission statements, strategic objectives, vision statements.

• mission statements, vision statements, strategic objectives.

Choose the one alternative that best completes the statement or answers the question: Vision statements are used to create a better understanding of the overall ______ and ______ of the organization. Vision statements are massively inspiring.

• logic; wealth

• outcomes; objectives

• purpose; direction

• impact; structure