Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning
Last Answer : strategy-formulation
Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning
Last Answer : Strategy Formulation
Description : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional
Last Answer : True
Description : Audit programs are modified to suit the circumstances on particular engagements. A complete audit program for an engagement generally should be developed a. Prior to beginning the actual audit work. ... the client's accounting records and procedures. d. When the audit engagement letter is prepared
Last Answer : After the auditor has completed an evaluation of the existing internal accounting contro
Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness
Last Answer : Through establishing their uniqueness
Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.
Last Answer : Through establishing their uniqueness.
Description : In determining the primary responsibility of the external auditor for an audit of a company's financial statements, the auditor owes primary allegiance to: a. The management of the ... The Auditing and Assurance Standards Council, because it determines auditing standards and auditor's responsibility
Last Answer : Stockholders, creditors, and the investing public
Description : What three broad factors determine global strategy of multinational firms? a) Local globalizing drivers, industry globalizing drivers, internal globalizing drivers b) Cultural globalizing ... orientation d) Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Last Answer : Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Description : Select the statement that best applies to Emergent Strategies. Emergent Strategy ----------- : A. Implies an ability to react to events B. Implies strategizing C. Implies no deviation from Plans D. Implies constant evaluation of the bigger picture
Last Answer : Implies an ability to react to events
Description : Strategic Factors are those External and Internal Elements that would determine the future of the Corporation
Description : PESTLE analysis is: a) a broad framework to help managers understand the environment in which their business operates. b) a checklist to ask how political, economic, strategic or ... strategic or technological factors. d) a framework for strategic analysis of internal and external environment
Last Answer : a broad framework to help managers understand the environment in which their business operates.
Description : The responsibilities of the operations manager include (a) planning, organizing, staffing, procuring, and reviewing (b) forecasting, designing, planning, organizing, and controlling (c) planning, organizing, staffing, leading, and controlling ; (d) designing and operating
Last Answer : (c) planning, organizing, staffing, leading, and controlling ;
Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy
Last Answer : mission
Description : The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. Strategy
Description : A/An ________ is a formal evaluation of an organization's financial statements, performed either by an outside accounting firm or by an internal department. (a) Revenue operating budget ; (b) Incident log ; (c) Financial audit ; (d) Balance sheet budget
Last Answer : (c) Financial audit ;
Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid
Last Answer : Emergent strategy
Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.
Description : Which of the following statements is not true when describing a successful strategy? Select one: a. It fulfills its CSR obligations. b. It provides the means for renewing competitive advantage c. It addresses changes in the external environment d. It guarantees long term survival
Last Answer : It fulfills its CSR obligations
Description : Which of the following statements is not true when describing a successful strategy? a) It provides some property that is unique or distinctive b) It provides the means for renewing competitive advantage c) It addresses changes in the external environment d) It guarantees long term survival
Last Answer : It guarantees long term survival
Description : Which of the following is a key external factor that should be taken into account by a Corporate Strategy ? A. Economic Conditions B. Political Conditions C. Legal Environment D. Competition
Last Answer : Legal Environment
Description : In the following list of the aspects of the guidance of learning activities, which is the most fundamental and should occur first from the stand point of time? Options: A) ... Determination of methods of presentation C) Determination of objectives D) Selection of the learning activities
Last Answer : C) Determination of objectives
Description : Strategic fit can be defined as: a) developing strategies based on opportunities and threats in the external environment. b) forecasting opportunities and threats in the external environment c) ... environment. d) matching the resources and activities of a firm to the external environment.
Last Answer : matching the resources and activities of a firm to the external environment.
Description : In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them
Last Answer : An individual or group with an interest in the organization's activities and who seeks to influence them
Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company
Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company
Description : The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting ... home demand conditions; 2) home supply; 3) firm strategy; 4) related and supporting industries.
Last Answer : home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries
Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts
Last Answer : Select a set of short-term objectives that will achieve the most desirable results
Description : Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments. b) the link between ... underlie a company's multiple production lines and critically underpin the firm's competitive advantage
Last Answer : the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments.
Description : SWOT is an abbreviation for: a) Internal Strengths (S), Internal Weaknesses (W), External Opportunities (O), External Threats (T). b) Integrated Strategies (S), Integrated Weaknesses (W), ... External Strengths (S), Internal Weaknesses (W), External Opportunities (O), Internal Threats (T).
Last Answer : Internal Strengths (S), Internal Weaknesses (W), External Opportunities (O), External Threats (T).
Description : Micro environment is the _______________ environment of the company a. Internal b.External c. human d. Finance
Last Answer : Internal
Description : The purpose of a SWOT Analysis is to analyse ----------- : A. The strategic capability of an Organization B. External and Internal Environments C. The Business Environment and the strategic capability of a Firm relative to Competitors D. The Business Environment in which an Organization operates
Last Answer : The Business Environment and the strategic capability of a Firm relative to Competitors
Description : Which of the following is NOT a characteristic of Strategic Mgt that makes it different : A. It is interdisciplinary B. It has an external focus C. It has an internal focus D. It is concerned with the present direction of the Organisation
Last Answer : It is concerned with the present direction of the Organisation
Description : The resources within an organization, used to achieve its goal, make up the _________ of a business. (a) External environment ; (b) Internal environment ; (c) Social responsibility ; (d) Workers motivation
Last Answer : External environment
Description : Attitude refers to A)the internal traits and behaviours that make a person unique. B)a set of actions that a person in a particular position is supposed to perform. C)competence and ... and experience. E)one's evaluation, feelings, and behavioural tendencies toward an object or idea.
Last Answer : E)one's evaluation, feelings, and behavioural tendencies toward an object or idea.
Description : Considering areas of concern, external network requirements, internal network requirements is the evaluation of a) Assess the security provisions for cloud applications b) Ensure cloud networks and ... Manage people, roles and identities d) Understand the security requirements of the exit process
Last Answer : Ensure cloud networks and connections are secure
Description : Shortly after purchasing a product, the postpurchase evaluation may result in cognitive dissonance. Cognitive dissonance is best defined as A)the congruence between external and internal searches for ... occur because the buyer questions whether the decision to purchase the product was right.
Last Answer : D)doubts that occur because the buyer questions whether the decision to purchase the product was right.
Description : As Bob runs out of shaving cream, he tries to remember what he did the last time this happened. He is engaging in: A)external search B)evoked set development C)internal search D)cognitive dissonance E)alternative evaluation
Last Answer : C)internal search
Description : What is the key outcome from PESTEL analysis? A. Five Forces B. Identification of the external drivers for change C. Critical success factors D. Possible scenarios
Last Answer : Identification of the external drivers for change
Description : The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is ... ; (b) Sociological factors ; (c) Indirect economic factors ; (d) Direct economic factors
Last Answer : ; (c) Indirect economic factors ;
Description : The external environment factor that states: The values and culture that affect the way people feel about the organization they are in and about work itself is: (a) Sociological factors ; (b) Political factors ; (c) Economic factors ; (d) Psychological factors
Last Answer : (a) Sociological factors ;
Description : Which of these statements apply to Strategic Groups. A. Organizations within an industry following similar strategies or competing on similar bases. B. Examples, in grocery retailing are supermarkets ... the similarities and differences in bases of segmentation D. All of these options apply
Last Answer : All of these options apply
Description : Which of these statements apply to Strategic Groups. A. Organizations within an industry following similar strategies or competing on similar bases. B. Examples, in grocery retailing are supermarkets, ... the similarities and differences in bases of segmentation D. All of these options apply.
Last Answer : All of these options apply.
Description : In this growth strategy, the company may seek new opportunities that have no relation with its current technology, products, or markets. A. Concentric diversification B. Horizontal diversification C. Conglomerate diversification D. None of these options
Last Answer : Conglomerate diversification
Description : Product development strategy for achieving intensive growth focuses on…. A. Current products and new markets B. Current products and current markets C. New products and current markets D. New products and new markets
Last Answer : New products and current markets
Description : Market development strategy focuses on…. A. Current products and new markets B. Current products and current markets C. New products and current markets D. New products and new markets
Last Answer : Current products and new markets
Description : For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using the following…. A. Market-penetration strategy B. Market development strategy C. Product-development strategy D. Diversification strategy
Last Answer : Market-penetration strategy