Question;Question 1 of 20;0.0/ 5.0 Points;strategies are goal-directed plans and actions of;the organization?s functional areas.;A. Situational;B. Business;C. Competitive;D. Operational;Feedback: Page 7;Question 2 of 20;0.0/ 5.0 Points;Which of the following statements is NOT true regarding;corporate strategies?;A. They are concerned with the broad and more long-term;issues of the organization.;B. They are concerned with how the organization is going to;compete in a specific business or industry.;C. They are concerned with the direction the organization is;headed.;D. They are concerned with the business(es) that the;organization is in and the businesses they want to be in.;Feedback: Page 7;Question 3 of 20;0.0/ 5.0 Points;Globalization has created challenges because of the;that is necessary to make it work.;A. investment;B. management;C. openness;D. staffing;Feedback: Page 15;Question 4 of 20;0.0/ 5.0 Points;Situation analysis allows the organization to focus on;examining;A. operational competencies.;B. financial controls.;C. the organization's top management.;D. external and internal factors.;Feedback: Page 7;Question 5 of 20;0.0/ 5.0 Points;The board of directors in an organization;A. plays a significant role in corporate governance.;B. is responsible for the implementation of the;organization's operating activities.;C. serves in the role of executive management.;D. is not an important part of the organization's strategic;development.;Feedback: Page 11;Question 6 of 20;0.0/ 5.0 Points;Bases for understanding strategic management are all of the;following EXCEPT;A. managing strategically makes a difference in an;organization's performance.;B. all organizations encounter changing situations.;C. single approaches to strategy development are superior to;multiple approaches.;D. all strategies must be evaluated and changed over time.;Feedback: Page 3;Question 7 of 20;0.0/ 5.0 Points;An organization's __________ are its goal-directed plans and;actions in which its capabilities and resources are matched with the;opportunities and threats in its environment.;A. mission statements;B. vision statements;C. strategies;D. objectives;Feedback: Page 5;Question 8 of 20;0.0/ 5.0 Points;According to Governance Metrics International (GMI);had the highest overall rating for their governance structures and;procedures.;A. Canada;B. Ireland;C. United Kingdom;D. New Zealand;Feedback: Page 16;Question 9 of 20;0.0/ 5.0 Points;Section 404 of the Sarbanes-Oxley Act deals with the;establishment and auditing of;A. external financial controls.;B. internal financial controls.;C. appointment of the CEO.;D. appointment of Board members.;Feedback: Page 17;Question 10 of 20;0.0/ 5.0 Points;In addition to expanding the role of board members, the;Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of;A. the corporate vision.;B. the corporate mission.;C. financial information.;D. the balanced scorecard.;Feedback: Page 17;Question 11 of 20;0.0/ 5.0 Points;The organization type which first utilized strategy was the;organization.;A. entertainment;B. military;C. retail;D. not-for-profit;Feedback: Page 9;Question 12 of 20;0.0/ 5.0 Points;is/are the determination of the broad uses to;which organizational resources will be deployed and the resolution of conflicts;among the myriad participants in organizations.;A. Vision;B. Mission;C. Corporate governance;D. Goals;Feedback: Page 16;Question 13 of 20;0.0/ 5.0 Points;Strategic __________ is the ability to anticipate, envision;maintain flexibility, think strategically, and work with others in the;organization to initiate changes that will create a viable and valuable future;for the organization.;A. awareness;B. leadership;C. thinking;D. control;Feedback: Page 13;Question 14 of 20;0.0/ 5.0 Points;Types of strategies within organizations include;A. situational strategies.;B. functional strategies.;C. product strategies.;D. global strategies.;Feedback: Page 7;Question 15 of 20;0.0/ 5.0 Points;One issue considered in developing corporate strategies is;A. What competition are we facing?;B. What direction are we going in?;C. What resources do we have to implement our strategies?;D. What businesses are we in and what to do with those;businesses?;Feedback: Page 7;Question 16 of 20;0.0/ 5.0 Points;The __________ is an elected group that represents a;company?s shareholders.;A. board of directors;B. senior management team;C. steering committee;D. corporate counsel;Feedback: Page 11;Question 17 of 20;0.0/ 5.0 Points;The academic discipline primarily responsible for the;development of strategic management is;A. accounting.;B. economics.;C. philosophy.;D. anthropology.
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