ECU BUSI 1200 Final Exam Study Questions and Answers.
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Module
BUSI.
Institution
BUSI.
ECU BUSI 1200 Final Exam Study Questions and Answers.
Which of the following is NOT a reason why strategic management and planning is important to business
- It provides direction and focus to help managers keep their eye on the correct priorities
- The process of strategic planning serves...
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ECU BUSI 1200 Final Exam Study
Questions and Answers.
Which of the following is NOT a reason why strategic management and planning is important to business
- It provides direction and focus to help managers keep their eye on the correct priorities
- The process of strategic planning serves to encourage new ideas as managers assess their strengths
and weakness against competition
- It forces the managers to get to know each other socially as they complete the process
- It helps develop a competitive advantage as the company differentiates itself from the competition -
CORRECT ANSWER It forces the managers to get to know each other socially as they complete the
process
BUSI 1200 is one of how many leadership courses in the College of Business leadership program?
3
4
5
none of the above - CORRECT ANSWER 4
Leaders as opposed to managers
- spend more time visioning than planning
- spend most of their time staffing an organization
,- spend most of their time controlling
- do exactly what managers do - CORRECT ANSWER spend more time visioning than planning
Which of the following views on leadership is most accurate?
- leadership is more positional than relational
- leadership ability is born to each person
- leadership can be developed
- none of the above are correct - CORRECT ANSWER leadership can be developed
A companies' processes, culture, staff, product line, production process, ability to innovate, image,
financial strength, service level, or number of patents would generally be analyzed by management to
uncover
- strengths only
- weaknesses only
- threats only
- both strengths and weaknesses - CORRECT ANSWER both strengths and weaknesses
The best definition of strategy is
- very detailed and very specific plans at a departmental level used to move the company forward
, - any plan developed and implemented at any level of the corporation, like a plan to move equipment in
a plant from one department to another
- a broad, large scale and multi-year set of goals & actions plans that sets the direction of the company
in order to fulfill the mission and vision
- strategy is the exact same thing as the mission and vision - CORRECT ANSWER a broad, large scale and
multi-year set of goals & actions plans that sets the direction of the company in order to fulfill the
mission and vision
How many small test are given (will you take) during the semester? Note: question does not ask how
many will count.
5
4
3
2 - CORRECT ANSWER 4
Which statement below best represents the timing horizon for strategic planning
- Managers plan only as far out as their competitors plan
- Strategic plans generally cover a one to three or a one to five year time horizon into the future
- Strategic plans generally go 10 to 15 years into the future
- Strategic plans only cover one year out into the future - CORRECT ANSWER Strategic plans generally
cover a one to three or a one to five year time horizon into the future
Leaders spend more time outward and vision focused while mangers spend more time
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