100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases (Global Edition) 16th Edition By Fred David, Forest David (All Chapters, 100% Original Verified, A+ Grade)$15.49
Add to cart
Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases (Global Edition) 16th Edition By Fred David, Forest David (All Chapters, 100% Original Verified, A+ Grade)
134 views 2 purchases
Course
Strategic Management A Competitive A
Institution
Strategic Management A Competitive A
This Is Original 16th Edition of Test Bank From Original Author. All Other Files in the market are fake/old Edition. Other Sellers Have changed old Edition Number to new But Test Bank is old Edition.
Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases (Global...
Strategic Management A Competitive Advantage Approach, Concepts and Cases
(Global Edition) 16e Fred David, Forest David (Test Bank All Chapters, 100%
Original Verified, A+ Grade)
Strategic Management: A Competitive Advantage Approach, 16e, Global Edition (David)
Chapter 1 Strategic Management Essentials
1) The goal of strategic management is to
A) achieve competitive advantage.
B) maintain competitive advantage.
C) achieve and maintain competitive advantage.
D) eliminate competitive advantage.
E) eliminate and abolish competitive advantage.
Answer: C
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
2) Strategic management focuses on integrating management, ________, and information
systems to achieve organizational success.
A) marketing
B) finance and accounting
C) production and operations
D) research and development
E) all of the above
Answer: E
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
3) What can be defined as the art and science of formulating, implementing and evaluating cross-
functional decisions that enable an organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading
Answer: D
Diff: 1
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
,4) In recent years, the speedy flow of information through technology has
A) made it harder for people worldwide to see how others work and live.
B) strengthened national boundaries and made countries more self-contained.
C) created a borderless world with global competitors, customers, and citizens.
D) ensured that the United States is unrivaled by other companies in all industries.
E) made the real flow of financial activity align with political boundaries between countries.
Answer: C
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
5) The strategic-management process is becoming more widely used by
A) small firms.
B) nonprofit institutions.
C) governmental organizations.
D) multinational conglomerates.
E) all of the above
Answer: E
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
6) An organization should take a(n) ________ approach in its industry.
A) adversarial rather than a collegial
B) collegial rather than an adversarial
C) reactive rather than a proactive
D) proactive rather than a reactive
E) cooperative rather than a competitive
Answer: D
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
7) The strategic-management process represents a(n) ________, ________, and ________
approach for determining an enterprise's future direction.
A) logical; systematic; subjective
B) intuitive; disorganized; subjective
C) logical; systematic; objective
D) intuitive; disorganized; objective
E) inconsistent; systematic; subjective
Answer: C
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
,8) The strategic-management process
A) occurs once a year.
B) is a semiannual process.
C) is a continuous process.
D) applies mostly to companies with sales greater than $100 million.
E) applies mostly to small businesses.
Answer: C
Diff: 3
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
9) Strategic management focuses on integrating management, marketing, finance and
accounting, production and operations, research and development, and information systems to
achieve organizational success.
Answer: TRUE
Diff: 1
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
10) Optimizing for tomorrow the trends of today is the purpose of strategic management.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
11) U.S. firms are not being aggressively challenged in the computer industry.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
12) Strategic management is an attempt to organize qualitative and quantitative information in a
way that allows effective decisions to be made under conditions of uncertainty.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
13) By occasionally monitoring external events, companies should be able to identify when
change is required.
Answer: FALSE
Diff: 3
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
, 14) Firms, like organisms, must be "adept at adapting" or they will not survive.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
15) Once an effective strategy is designed, modifications are rarely required.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
16) Application of the strategic-management process is typically more formal in larger and well-
established organizations.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
17) To be effective, strategic-management must be a process that familiarizes managers and
employees with the key strategic issues facing an organization and the feasible alternatives for
resolving those issues.
Answer: TRUE
Diff: 3
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
18) The most effective strategic management is ritualistic, predictable, and formal.
Answer: FALSE
Diff: 3
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
19) All firms have a strategy, even if it is informal, unstructured, and sporadic.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
20) Despite its great popularity in the 1980s, strategic planning by corporate America is now a
valuable though rare activity.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
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 tutorsection. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
