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COBA CORE - MGT 4300 (STRAT POL) UPDATED
ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS 2026
What can be defined as the art and science of formulating,
implementing and evaluating cross-functional decisions that enable an
organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading ......ANSWER......d. (strategic management)
During what stage of strategic management are a firm's specific internal
strengths and weaknesses determined?
A) Formulation
B) Implementation
C) Evaluation
D) Feedback
E) Goal-setting ......ANSWER......a. (formulation)
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An important activity in _____________ is taking corrective action.
A) strategy evaluation
B) strategy implementation
C) strategy formulation
D) strategy leadership
E) all of the above ......ANSWER......a. (strategy evaluation)
Which phase of strategic management is called the action phase?
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance ......ANSWER......b. (strategy
implementation)
Anything that a firm does especially well compared to rival firms is
referred to as
A) competitive advantage.
B) comparative advantage.
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C) opportunity cost.
D) sustainable advantage.
E) an external opportunity. ......ANSWER......a. (competitive advantage)
The fact that Apple has no manufacturing facilities of its own
A) has caused it to build up massive debt on its balance sheet.
B) has enabled it to remain financially lean with virtually no long-term
debt.
C) has been problematic for Apple in terms of debt.
D) illustrates that having more fixed assets than rival firms can provide
major competitive advantages in a global recession.
E) means that it is in the same position as Sony. ......ANSWER......b. (has
enabled it to remain financially lean with virtually no long-term debt)
Which individuals are most responsible for the success and failure of an
organization?
A) Strategists
B) Financial planners
C) Personnel directors
D) Stakeholders
E) Human resource managers ......ANSWER......a. (strategists)
pg. 3
COBA CORE - MGT 4300 (STRAT POL) UPDATED
ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS 2026
What can be defined as the art and science of formulating,
implementing and evaluating cross-functional decisions that enable an
organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading ......ANSWER......d. (strategic management)
During what stage of strategic management are a firm's specific internal
strengths and weaknesses determined?
A) Formulation
B) Implementation
C) Evaluation
D) Feedback
E) Goal-setting ......ANSWER......a. (formulation)
pg. 1
,2|Page
An important activity in _____________ is taking corrective action.
A) strategy evaluation
B) strategy implementation
C) strategy formulation
D) strategy leadership
E) all of the above ......ANSWER......a. (strategy evaluation)
Which phase of strategic management is called the action phase?
A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Allocating resources
E) Measuring performance ......ANSWER......b. (strategy
implementation)
Anything that a firm does especially well compared to rival firms is
referred to as
A) competitive advantage.
B) comparative advantage.
pg. 2
, 3|Page
C) opportunity cost.
D) sustainable advantage.
E) an external opportunity. ......ANSWER......a. (competitive advantage)
The fact that Apple has no manufacturing facilities of its own
A) has caused it to build up massive debt on its balance sheet.
B) has enabled it to remain financially lean with virtually no long-term
debt.
C) has been problematic for Apple in terms of debt.
D) illustrates that having more fixed assets than rival firms can provide
major competitive advantages in a global recession.
E) means that it is in the same position as Sony. ......ANSWER......b. (has
enabled it to remain financially lean with virtually no long-term debt)
Which individuals are most responsible for the success and failure of an
organization?
A) Strategists
B) Financial planners
C) Personnel directors
D) Stakeholders
E) Human resource managers ......ANSWER......a. (strategists)
pg. 3
