BUS 501 Strategic Management Certificate Final Exam ACTUAL
QUESTIONS AND ANSWERS Saylor Academy
Question 1
Correct
1.00 points out of 1.00
Flag question
Question text
Which of the following is one of the three hierarchical levels of strategy? Select
one:
a.
Competition strategy
b.
Functional strategy
c.
Market structure strategy
d.
Profit strategy
Question 2
Correct
1.00 points out of 1.00
Flag question
Question text
Which of the following represents a functional level strategy?
Select one:
a.
Human resources strategy
b.
Market structure strategy
c.
Microeconomic strategy
d.
Profit strategy
Question 3
Correct
,1.00 points out of 1.00
Flag question
Question text
In a free market economy, which principle determines which firms thrive and
survive?
Select one:
a.
Opportunity cost
b.
Social engineering
c.
Social welfare
d.
Natural selection
Question 4
Correct
1.00 points out of 1.00
Flag question
Question text
Which of the following market structures has the fewest barriers to entry?
Select one:
a.
Monopoly
b.
Oligopoly
c.
Monopolistic competition
d.
Perfect competition
Question 5
Correct
1.00 points out of 1.00
, Flag question
Question text
After a strategy has been selected, what is the next step in the strategic process?
Select one:
a.
Blue sky estimation
b.
Legal review
c.
Implementation
d.
Tax compliance
Question 6
Correct
1.00 points out of 1.00
Flag question
Question text
The North American Industry Classification System (NAICS) was designed primarily
to do what?
Select one:
a.
Gather and analyze data
b.
Create a list of leading business executives
c.
Tax imports and exports
d.
Improve enforcement under the North American Free Trade Agreement (NAFTA)
Question 7
Correct
1.00 points out of 1.00
, Flag question
Question text
As the new owner of the local car dealership, you decide to conduct a thorough
strategic management process for your business. You should begin with which of the
following processes?
Select one:
a.
Strategy dissembling
b.
Strategic analysis
c.
Strategic choice
d.
Strategy implementation
Question 8
Correct
1.00 points out of 1.00
Flag question
Question text
Which market structure is characterized by a single firm which is the entire
industry?
Select one:
a.
Monopoly
b.
Oligopoly
c.
Perfect Competition
d.
Government
Question 9
Correct
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller smartzone. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
