SMPS CPSM Domain 2 Multiple Choice Questions And Answers
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Course
SMPS CPSM
Institution
SMPS CPSM
SMPS CPSM Domain 2 Multiple Choice Questions And Answers
Which type of research is performed without a hypothesis and before any action is taken?
a) Action-Confirming Research
b) Action-Driving Research
c) Action-Seeking Research
d) Proactive Research ANS b
Contemporary Data is best define...
SMPS CPSM Domain 2 Multiple Choice Questions
And Answers
Which type of research is performed without a hypothesis and before any action is taken?
a) Action-Confirming Research
b) Action-Driving Research
c) Action-Seeking Research
d) Proactive Research ANS b
Contemporary Data is best defined as:
a) Data that is still current and relevant
b) Data that pertains to competitors
c) Data regarding other firms in your echelon
d) Data that will likely be permanently valid ANS a
What does Porter's Five Forces Model describe?
a) Elements needed in a useful 3D building model
b) Internal attributes that shape a company's ability to acquire work
c) External forces that impact the areas in which a firm seeks to work
d) Multi-step process to perform a strategic plan ANS c
Which forecast looks at the long-term?
a) Business Development Forecast
b) Mission Statement Forecast
c) Business Forecast
d) Strategic Market Forecast ANS d
Which of the following is an alternative to a SWOT analysis?
a) SOAR Framework
, b) PESTLE/EPISTLE
c) Porter's Five Forces Model
d) Levitt's Four Phases ANS a
The strategic plan should be updated:
a) Annually
b) Quarterly
c) Every 5 years
d) Only after a change in firm leadership ANS a
Scenario thinking allows you to explore:
a) Marketing approaches
b) Potential joint venture or design-build partners
c) Uncertainties and market forces
d) New markets and geographic locations ANS c
The final step in the strategic planning process involves:
a) External communication of the plan
b) Evaluation and results
c) Implementation
d) Development of an annual business plan ANS b
The firm's vision statement is:
a) A direct expression of where the firm is headed
b) How your stakeholders perceive your firm
c) An expression of what the firm aspires to be
d) An enduring approach to firm management ANS c
A mission statement must be:
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