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MGT103 Exam Questions and Answers 100% Pass
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MGT103 Exam Questions and Answers 100% Pass Steve has been tasked with the job of outlining decisions about resource allocation, priorities, and action steps that are necessary to reach one of his company's strategic goals. What is Steve developing? A. strategic plan B. operational plan C. st...

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  • January 8, 2025
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mgt103 exam questions and answers 100 pass

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  • MGT 103
  • MGT 103

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MGT103 Exam Questions and Answers
100% Pass

Steve has been tasked with the job of outlining decisions about resource allocation, priorities, and action

steps that are necessary to reach one of his company's strategic goals. What is Steve developing?


A. strategic plan


B. operational plan


C. strategic mission


D. tactical plan - ✔✔A


What is true of a tactical plan?


A. It involves front-line managers.


B. It has a longer time horizon than a strategic plan.


C. It is primarily concerned with deciding what to do.


D. It is developed to implement specific parts of a strategic plan. - ✔✔D


The planning process takes place within a(n) ___ context.


A. environmental


B. functional


C. planning


D. Operational - ✔✔A


Author. Barrett, ©2025 All Rights Reserved.

,2|Page


In Pleasantville, JJ's Auto Repair is where most residents go for any type of car repair. Inspired by his

entrepreneurial son, JJ has decided to open a detailing shop on adjoining property. If JJ elected to open an

auto repair shop in the neighboring county, he would be expanding his ___.


A. business scope


B. operational goals


C. distinctive competence


D. effective strategies - ✔✔A


___ is the set of strategic alternatives from which an organization chooses as it manages its operations

simultaneously across several industries and several markets.


A. Business-level strategy


B. Effective strategy


C. Resource strategy


D. Corporate-level strategy - ✔✔D


Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA. Despite the growth

of multiplex theaters in most population centers, Lighthouse Cinema has remained a popular

entertainment option for the surrounding area, but sales have been stagnant over the past few years. A

national theater chain recently announced that it will build a 10-theater facility on the outskirts of Battle

Ridge. This development calls for Lighthouse Cinema to pursue a strategy that will ___.


A. revise internal operating procedures


B. pursue new investment opportunities


C. narrow the target market




Author. Barrett, ©2025 All Rights Reserved.

, 3|Page


D. neutralize the impending threat - ✔✔D


An organizational _______is an area that increases the difficulty of an organizationperforming at a high

level.


A. weakness


B. strength


C. threat


D. strategy - ✔✔B


When devising a new strategy, it is best to start with what?


A. a tactical plan


B. a SWOT analysis


C. strategy formulation


D. an operational plan - ✔✔B


Lighthouse Cinema has enjoyed a successful history in the town of Battle Ridge, VA. Despite the growth

of multiplex theaters in most population centers, Lighthouse Cinema has remained a popular

entertainment option for the surrounding area, but sales have been stagnant over the past few years. A

national theater chain recently announced that it will build a 10-theater facility on the outskirts of Battle

Ridge. The owner of Lighthouse Cinema has learned that the new competitor's prices will be 20% higher

than his theater admissions. Consequently, Lighthouse Cinema should strongly consider a business-level

strategy based on ___.


A. differentiation


B. product life cycle




Author. Barrett, ©2025 All Rights Reserved.

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