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WGU C483 Practice Test 2 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical Ans: A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that ...

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  • May 28, 2022
  • 11
  • 2020/2021
  • Exam (elaborations)
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WGU C483 Practice Test 2
1.)The planning level with the shortest time horizon is known as _____ planning.
A)operational
B)tactical
C)managerial
D)developmental
E)vertical Ans: A.) Operational

2.)The planning process is similar to the _____ process in that both have a series of steps that are
typically repeated in a cycle.
A)strategy-mapping
B)tactical alignment
C)goal-setting
D)decision-making
E)environmental analysis Ans: D.) Decision-making

3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
A)weakness and a threat.
B)weakness.
C)strength.
D)opportunity.
E)threat. Ans: B.) Weakness

4.)A _____ system is a component of the strategic management process designed to support
managers in evaluating the organization's progress
with its strategy and, when discrepancies exist, taking corrective action.
A)span of control
B)strategic control
C)strategic support
D)dynamic network
E)strategic integration Ans: B.) Strategic Control

5.)The strategy an organization uses to build competitive advantage by being unique in its
industry or market segment along one or more
dimensions is known as a(n) _____ strategy.
A)integrated
B)differentiation
C)functional
D)low-cost
E)concentration Ans: B.) Differentiation

6.)Which of the following is one among the six components of the strategic management
process?
A)Skill improvement plan

, B)Technology assessment
C)Stakeholder analysis
D)SWOT analysis
E)Stockholder reporting Ans: D.) SWOT Analysis

7.)Which of the following takes place after a firm formulates its strategy?
A)Establishment of mission, vision, and goals
B)Analysis of external opportunities and threats
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
E)SWOT analysis Ans: C.) Strategy Implementation

8.)A vertical integration strategy is a strategy:
A)used to add new businesses that produce related products or are involved in related markets
and activities.
B)that involves expanding the domain of the organization into supply channels or to distributors.
C)employed for an organization that operates a single business and competes in a single industry.
D)used to add new businesses that produce unrelated products or are involved in unrelated
markets and activities.
E)an organization uses to build competitive advantage by being unique in its industry or market
segment along one or more dimensions. Ans: B.) That involves expanding the domain of the
organization into supply channels or to distributors.

9.)_____ is considered as an activity of the external environment of an organization.
Refer To: Table 4.1
A)Human resources assessment
B)Financial analysis
C)Marketing Audit
D)Macroeconomic Analysis
E)Operations Analysis Ans: D.) Macroeconomics Analysis

10.)Benchmarking is the process of assessing how well one company's basic functions and skills
compare with:
A)government standards.
B)supplier and distributor requirements.
C)those of another company.
D)customer expectations.
E)stockholder demands. Ans: C.) Those of another company

11.)_____ include sets of actions to be taken when a company's initial plans have not worked
well or if events in the external environment require
a sudden change.
A)Functional plans
B)Contingency plans
C)Strategic maps
D)Differentiation strategies

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