Page 1 of 77
CAPSTONE EXAM 1 ACTUAL EXAM COMPLETE 70
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
The upper-echelons theory favors the idea that effective
strategic leadership results from innate abilities rather than
learning. (T/F) .....ANSWER.....False
Why is it better for firms to keep their vision statements
customer-oriented rather than product-oriented?
a) Customer-oriented visions tend to have a more short-range
view of changing environments.
b) Customer-oriented visions tend to have a more myopic view of
changing environments.
c) Customer-oriented visions tend to be more flexible when
adapting to changing environments.
,Page 2 of 77
d) Customer-oriented visions tend to be more stable when
dealing with changing environments.
.....ANSWER.....Customer-oriented visions tend to be more flexible
when adapting to changing environments.
Gina is the founder and CEO of a successful technology firm. In a
memo, she informs the company's employees that remote workers
will be required to attend onsite teambuilding events at least
once per quarter. In this example, Gina's authority to institute a
policy change is based on
a) strategic leadership
b) informal power
c) position power
d) strategic initiative .....ANSWER.....position power.
,Page 3 of 77
Which of the following strategy plans might work best in an
industry that is considered a fast-changing environment with new
laws going into effect regularly?
a) scenario planning
b) top-down planning
c) bottom-up planning
d) dominant planning
.....ANSWER.....scenario planning
The process that describes the method by which managers
conceive of and implement a strategy that can lead to a
sustainable competitive advantage is called
a) strategic process
b) strategic technology
c) strategic management
, Page 4 of 77
d) strategic planning
.....ANSWER.....Stategic Management
Organizational values help people make choices that are ethical
and company-goal-oriented. These values answer which strategic
management question?
a) What do we want to accomplish as a company?
b) How do we accomplish our goals in the organization?
c) What are we about as a firm compared to our competitors?
d) What is the best way to compete in the industry?
.....ANSWER.....How do we accomplish our goals in the
organization?
Do vision statements help firms gain and sustain competitive
advantage?
a) It depends, because the effectiveness of vision statements
differs by type.
CAPSTONE EXAM 1 ACTUAL EXAM COMPLETE 70
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
The upper-echelons theory favors the idea that effective
strategic leadership results from innate abilities rather than
learning. (T/F) .....ANSWER.....False
Why is it better for firms to keep their vision statements
customer-oriented rather than product-oriented?
a) Customer-oriented visions tend to have a more short-range
view of changing environments.
b) Customer-oriented visions tend to have a more myopic view of
changing environments.
c) Customer-oriented visions tend to be more flexible when
adapting to changing environments.
,Page 2 of 77
d) Customer-oriented visions tend to be more stable when
dealing with changing environments.
.....ANSWER.....Customer-oriented visions tend to be more flexible
when adapting to changing environments.
Gina is the founder and CEO of a successful technology firm. In a
memo, she informs the company's employees that remote workers
will be required to attend onsite teambuilding events at least
once per quarter. In this example, Gina's authority to institute a
policy change is based on
a) strategic leadership
b) informal power
c) position power
d) strategic initiative .....ANSWER.....position power.
,Page 3 of 77
Which of the following strategy plans might work best in an
industry that is considered a fast-changing environment with new
laws going into effect regularly?
a) scenario planning
b) top-down planning
c) bottom-up planning
d) dominant planning
.....ANSWER.....scenario planning
The process that describes the method by which managers
conceive of and implement a strategy that can lead to a
sustainable competitive advantage is called
a) strategic process
b) strategic technology
c) strategic management
, Page 4 of 77
d) strategic planning
.....ANSWER.....Stategic Management
Organizational values help people make choices that are ethical
and company-goal-oriented. These values answer which strategic
management question?
a) What do we want to accomplish as a company?
b) How do we accomplish our goals in the organization?
c) What are we about as a firm compared to our competitors?
d) What is the best way to compete in the industry?
.....ANSWER.....How do we accomplish our goals in the
organization?
Do vision statements help firms gain and sustain competitive
advantage?
a) It depends, because the effectiveness of vision statements
differs by type.
