Study Questions - Chapter 37

4/17/13 2:37 PM

Results: Points Awarded: 10 Points Missed: 0 Not Scored: 0 Percentage: 100%

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Section: Questions
1. A strategy is a competitive move or business approach designed to produce a successful outcome. A. B.
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True

False

Correct

2. Operational effectiveness is performing similar activities better than rivals. A. B.

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True

False

Correct

3. Strategic management involves strategic planning and implementation. A. B.

Correct

True

False

Correct

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Study Questions - Chapter 37

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4. The best strategic planning is from the top down. A. B. True

Correct

False

Correct

5. The strategic planning process is threatening to employees and creates decreased job satisfaction. A. B. True
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False

Correct

6. Entrepreneurs are employees who create new programs or ventures for the organization. A. B. True
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False

Correct

7. A close relationship exists between opportunity and individual need. A. B.

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True

False

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8. Tactics are operational choices for action that are made to implement strategy.
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Study Questions - Chapter 37

4/17/13 2:37 PM

A. B.

Correct

True

False

Correct

9. Strategic management is administrative, systematic, environment-related, future-oriented, and sensitive to the correct positioning of the organization. A. B.
Correct

True

False

Correct

10. A basic form of strategic planning is a detailed written business plan with a comprehensive market analysis. A. B. True
Correct

False

Correct

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