MBA 705 CH 12 Questions and Answers
1. Strategic control consists of determining the extent to which the organization's
strategies are consistent with those of the firm's closest competitors.
a. True
b. False - Correct Answer ️️ -B
2. Without strategic control, there are no clear benchmark...
MBA 705 CH 12 Questi ons and Answers 1. Strategic control consists of determining the extent to which the organization's strategies are consistent with tho se of the firm's closest competitors. a. True b. False - Correct Answer ✔️✔️-B 2. Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. a. True b. False - Correct Answer ✔️✔️-A 3. Top management uses strategic control to maintain proper alignment between the external and internal environments. a. True b. False - Correct Answer ✔️✔️-A 4. Profitability is the most commonly utilized performance measure. a. True b. False - Correct Answer ✔️✔️-A 5. Competitive benchmarking is the process of measuring a firm's performance against that of the industry average. a. True b. False - Correct Answer ✔️✔️-B 6. Research and development expenses can serve as a surrogate measure of firm innovation. a. True b. False - Correct Answer ✔️✔️-A 7. For successful smaller businesses, market share may serve as a strategic control barometer, as some businesses may strategically plan to maintain a low market share. a. True b. False - Correct Answer ✔️✔️-A 8. Control through competitive benchmarking occurs by comparing the company's profitability or market share growth to firms in unrelated industries. a. True b. False - Correct Answer ✔️✔️-B 9. Corrective action should always be taken when actual performanc e is significantly less than the standard. a. True b. False - Correct Answer ✔️✔️-B 10. The balanced scorecard usually emphasizes traditional performance measures such as return on assets and sales growth. a. True b. False - Correct Answer ✔️✔️-B 11. Balan ced scorecard measures should be tailored to the specific characteristics of a firm. a. True
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