MGMT 4000
University Of Guam
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MGMT 4000 EXAM.
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MGMT 4000 EXAM. 
Strategic Management and Business Policy, 15e (Wheelmen et al.) Chapter 1 Basic Concepts in Strategic Management 
 
1)	The emphasis of strategic management is on 
A)	Long-term performance. 
B)	First line managers. 
C)	The short-run performance of the corporation. 
D)	An examination of the organization's internal environment. 
E)	An investigation of competitor actions. Answer: A 
 
2)	Research suggests that strategic management evolves through four sequential phases in corporati...
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