Font size
WorksheetsChapter 2 - Organization Strategy and Project Selection
Total questions: 10
Worksheet time: 7mins
is fundamentally deciding how the organization will compete
(a)
What are the Activities of the Strategic Management Process
Review and define the organizational mission.
Set long-range goals and objectives.
Analyze and formulate strategies to reach objectives.
Implement strategies through projects.
answers the question of how strategies will be realized, given available resources.
Implementation
Objectives
Mission
Strategy
refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
(a)
is often used to denote a project that a powerful, high ranking official is advocating
sacred cow
sacred chicken
sacred heart
sacred dog
this characteristic of objective states when the objective can be achieved, that is, duration
Realistic
Measurable
Time related
Specific
This type of projects are typically those needed to meet regulatory conditions required to operate in a region; hence, they are called “must do” projects.
Compliance projects
Operational projects
Strategic projects
None of the other choices
The payback period considers the time value of money
TRUE
FALSE
Project A has an initial investment of $700,000 and projected cash inflows of $200,000 for 5 years.
Project B has an initial investment of $400,000 and projected cash inflows of $110,000 for 5 years.
How much is the payback period of Project A?
3.5
5
4.5
3.63
Project A has an initial investment of $700,000 and projected cash inflows of $200,000 for 5 years.
Project B has an initial investment of $400,000 and projected cash inflows of $110,000 for 5 years.
How much is the payback period of Project B?
3.5
5
4.5
3.63
