BA 7080 MIDTERM EXAM CURRENTLY TESTING
COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
The primary purpose of strategy is:
A. To achieve success
B. To be a responsible corporate citizen
C. To create value for all stakeholders
D. To maximize shareholder value
- ans -A. To achieve success
The successful careers of both Queen Elizabeth II and Lady Gaga may be
attributed to the fact that both:
A. Have built a loyal fan base based on astute use of the media
B. Have a consistency of direction based on clear goals
C. Have a knack for being in the right place at the right time
D. Have used dressing up as a means of attracting attention and establishing
identity. - ans -B. Have a consistency of direction based on clear goals
For both individuals and businesses, successful strategies are characterized by:
A. Unrelenting commitment to ambitious goals
B. Clear goals, understanding their competitive environment, awareness of
internal strengths and weaknesses, and effective implementation
C. Meticulous planning
D. Possessing superior abilities and resources that are then deployed to build
competitive advantage
- ans -B. Clear goals, understanding their competitive environment, awareness of
internal strengths and weaknesses, and effective implementation
Strategic goals should be:
A. Consistent
,B. Long Term
C. All of the above
D. Simple - ans -C. All of the above
The main problem of SWOT as a framework for strategy analysis is that:
A. It has now been superseded by more sophisticated analytical frameworks
B. Distinguishing opportunities from threats and strengths from weaknesses is
often difficult
C. It is so widely used that it no longer has any novelty
D. It is focused on strategy formulation and fails to take account of strategy
implementation
- ans -B. Distinguishing opportunities from threats and strengths from
weaknesses is often difficult
Strategic fit refers to:
A. The need for a firm's strategy to fit the needs of all its stakeholders, not just
shareholders
B. The need for a firm's strategy to be consistent with its vision, mission, and
culture
C. The need for a firm's strategy to be unique
D. The consistency of a firm's strategy with its external and internal environments
- ans -D. The consistency of a firm's strategy with its external and internal
environments
A conceptualization the firm as an "activity system" is a means of depicting:
A. The extent to which a management is motivated to implement a firm's strategy
B. The extent to which a firm's resources and capabilities are aligned with its
strategic goals
C. The extent to which a firm's strategic goals are aligned with its industry
environment
D. Consistency among a firm's activities
- ans -D. Consistency among a firm's activities
The principal similarity between business and military strategy is that:
, A. The nature of leadership is much the same whether in a military or business
context
B. They are both concerned with tactical maneuvers that can establish positions
of advantage
C. They share the same objective: to annihilate rivals
D. They share common concepts and principles
- ans -D. They share common concepts and principles
In the military field, we generally make the following distinction between strategy
and tactics:
A. Tactics form the overall plan whereas strategy is concerned with the
maneuvers to win battles
B. Tactics comprise the overall plan whereas strategy focuses on specific actions
C. Tactics relate to specific actions whereas strategy relates to the overall plan
D. Tactics encompass specific political actions within the firm whereas strategy is
the overall plan for deploying resources to establish a favorable position
- ans -C. Tactics relate to specific actions whereas strategy relates to the overall
plan
The main reason for the transition from corporate planning to strategic
management during the latter half of the 1970s was:
A. Disappointing outcomes of corporate diversification.
B. The increasing costs of corporate planning departments.
C. Growing disillusionment with central planning
D. A more turbulent business environment that became increasingly difficult to
predict
- ans -D. A more turbulent business environment that became increasingly
difficult to predict
Strategy improves decision-making by:
A. Reducing the number of choices being considered
COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
The primary purpose of strategy is:
A. To achieve success
B. To be a responsible corporate citizen
C. To create value for all stakeholders
D. To maximize shareholder value
- ans -A. To achieve success
The successful careers of both Queen Elizabeth II and Lady Gaga may be
attributed to the fact that both:
A. Have built a loyal fan base based on astute use of the media
B. Have a consistency of direction based on clear goals
C. Have a knack for being in the right place at the right time
D. Have used dressing up as a means of attracting attention and establishing
identity. - ans -B. Have a consistency of direction based on clear goals
For both individuals and businesses, successful strategies are characterized by:
A. Unrelenting commitment to ambitious goals
B. Clear goals, understanding their competitive environment, awareness of
internal strengths and weaknesses, and effective implementation
C. Meticulous planning
D. Possessing superior abilities and resources that are then deployed to build
competitive advantage
- ans -B. Clear goals, understanding their competitive environment, awareness of
internal strengths and weaknesses, and effective implementation
Strategic goals should be:
A. Consistent
,B. Long Term
C. All of the above
D. Simple - ans -C. All of the above
The main problem of SWOT as a framework for strategy analysis is that:
A. It has now been superseded by more sophisticated analytical frameworks
B. Distinguishing opportunities from threats and strengths from weaknesses is
often difficult
C. It is so widely used that it no longer has any novelty
D. It is focused on strategy formulation and fails to take account of strategy
implementation
- ans -B. Distinguishing opportunities from threats and strengths from
weaknesses is often difficult
Strategic fit refers to:
A. The need for a firm's strategy to fit the needs of all its stakeholders, not just
shareholders
B. The need for a firm's strategy to be consistent with its vision, mission, and
culture
C. The need for a firm's strategy to be unique
D. The consistency of a firm's strategy with its external and internal environments
- ans -D. The consistency of a firm's strategy with its external and internal
environments
A conceptualization the firm as an "activity system" is a means of depicting:
A. The extent to which a management is motivated to implement a firm's strategy
B. The extent to which a firm's resources and capabilities are aligned with its
strategic goals
C. The extent to which a firm's strategic goals are aligned with its industry
environment
D. Consistency among a firm's activities
- ans -D. Consistency among a firm's activities
The principal similarity between business and military strategy is that:
, A. The nature of leadership is much the same whether in a military or business
context
B. They are both concerned with tactical maneuvers that can establish positions
of advantage
C. They share the same objective: to annihilate rivals
D. They share common concepts and principles
- ans -D. They share common concepts and principles
In the military field, we generally make the following distinction between strategy
and tactics:
A. Tactics form the overall plan whereas strategy is concerned with the
maneuvers to win battles
B. Tactics comprise the overall plan whereas strategy focuses on specific actions
C. Tactics relate to specific actions whereas strategy relates to the overall plan
D. Tactics encompass specific political actions within the firm whereas strategy is
the overall plan for deploying resources to establish a favorable position
- ans -C. Tactics relate to specific actions whereas strategy relates to the overall
plan
The main reason for the transition from corporate planning to strategic
management during the latter half of the 1970s was:
A. Disappointing outcomes of corporate diversification.
B. The increasing costs of corporate planning departments.
C. Growing disillusionment with central planning
D. A more turbulent business environment that became increasingly difficult to
predict
- ans -D. A more turbulent business environment that became increasingly
difficult to predict
Strategy improves decision-making by:
A. Reducing the number of choices being considered
