BUSI 4940 EXAM 1- 3 QUESTIONS AND ANSWERS
Who typically has the authority to fire the CEO of a publicly-traded corporation in the
United States? - Answers - Board of Directors
Who is typically the highest-ranking officer of a company? - Answers - Chief Executive
Officer
Which of the following is not usually considered an attribute of Strategy? - Answers - All
of the above are usually attributes of Strategy
Which of the following scholars is most associated with the concept of Emergent
Strategy? - Answers - None of the Above
With respect to organizational strategy, Dysergy is defined as - Answers - An event
where both companies end up worse off
When considering the primary strategic objectives of an organization, which of the
following is the first objective? - Answers - Survival
Which of the following scholars is also known as the Father of Strategic Planning? -
Answers - Igor Ansoff
What is the third major step in the strategic planning process? - Answers - Formulation
A Zero-sum event is also known as a - Answers - Proportional Win-Lose
Developing and implementing plans specifically for the marketing, information
technology, and finance departments are typically associated with which level of
strategy? - Answers - Functional-level
Which of the following is supposed to answer the question, "Why does this company
exist?" - Answers - Mission Statement
In a complex business organization with multiple lines of business, which is the highest
level of strategic planning? - Answers - Corporate-level
Which of the following answers best completes the sentence below?
Strategy is defined as the set of activities associated with the continuous formulation,
implementation, and measurement of high-level, long-range but adaptable plans that
seek to ______________________________ to gain and sustain a competitive
advantage . - Answers - Exploit internal competencies
The development of the organizational Vision occurs during which step in the strategic
planning process? - Answers - Strategic Intent
, Which of the following are important attributes of a Vision Statement? - Answers - All of
the Above
Being Concise
Being Inspirational
Having a Timeframe Target
Setting the Highest Level Objectives for the Company
Which of the following is supposed to answer the question, "What do we want to
accomplish in the future and when?" - Answers - Vision Statement
Coordinating and managing political interactions with relevant governmental entities is
typically a part of __________________________ . - Answers - Corporate-level
Strategy
Managing a portfolio of businesses is usually performed at the
____________________________ - level. - Answers - None of the Above
Business
Administrative
Functional
Legal
Financial
The CFO is often in charge of _________________________ . - Answers - All of the
Above
Finance
Treasury
Accounting
Foreign Exchange
Which of the following relationships is true? - Answers - Strategic planning is a subset of
strategic management
Corporate governance in the U.S. often allows executives to
__________________________ more than is typically allowed in many other Western
countries. - Answers - Hold the titles of CEO, President, and Chair simultaneously
In the Make, Buy, and Ally framework. Make means do it in-house. Buy means aquire
and ally means to execute in some sort of alliance with another company. - Answers -
true
The Six S's, include ways a company can identify opportunities to horizontally diversify.
Which of the following are not part of the Six "S"s - Answers - Sustainability
Who typically has the authority to fire the CEO of a publicly-traded corporation in the
United States? - Answers - Board of Directors
Who is typically the highest-ranking officer of a company? - Answers - Chief Executive
Officer
Which of the following is not usually considered an attribute of Strategy? - Answers - All
of the above are usually attributes of Strategy
Which of the following scholars is most associated with the concept of Emergent
Strategy? - Answers - None of the Above
With respect to organizational strategy, Dysergy is defined as - Answers - An event
where both companies end up worse off
When considering the primary strategic objectives of an organization, which of the
following is the first objective? - Answers - Survival
Which of the following scholars is also known as the Father of Strategic Planning? -
Answers - Igor Ansoff
What is the third major step in the strategic planning process? - Answers - Formulation
A Zero-sum event is also known as a - Answers - Proportional Win-Lose
Developing and implementing plans specifically for the marketing, information
technology, and finance departments are typically associated with which level of
strategy? - Answers - Functional-level
Which of the following is supposed to answer the question, "Why does this company
exist?" - Answers - Mission Statement
In a complex business organization with multiple lines of business, which is the highest
level of strategic planning? - Answers - Corporate-level
Which of the following answers best completes the sentence below?
Strategy is defined as the set of activities associated with the continuous formulation,
implementation, and measurement of high-level, long-range but adaptable plans that
seek to ______________________________ to gain and sustain a competitive
advantage . - Answers - Exploit internal competencies
The development of the organizational Vision occurs during which step in the strategic
planning process? - Answers - Strategic Intent
, Which of the following are important attributes of a Vision Statement? - Answers - All of
the Above
Being Concise
Being Inspirational
Having a Timeframe Target
Setting the Highest Level Objectives for the Company
Which of the following is supposed to answer the question, "What do we want to
accomplish in the future and when?" - Answers - Vision Statement
Coordinating and managing political interactions with relevant governmental entities is
typically a part of __________________________ . - Answers - Corporate-level
Strategy
Managing a portfolio of businesses is usually performed at the
____________________________ - level. - Answers - None of the Above
Business
Administrative
Functional
Legal
Financial
The CFO is often in charge of _________________________ . - Answers - All of the
Above
Finance
Treasury
Accounting
Foreign Exchange
Which of the following relationships is true? - Answers - Strategic planning is a subset of
strategic management
Corporate governance in the U.S. often allows executives to
__________________________ more than is typically allowed in many other Western
countries. - Answers - Hold the titles of CEO, President, and Chair simultaneously
In the Make, Buy, and Ally framework. Make means do it in-house. Buy means aquire
and ally means to execute in some sort of alliance with another company. - Answers -
true
The Six S's, include ways a company can identify opportunities to horizontally diversify.
Which of the following are not part of the Six "S"s - Answers - Sustainability
