100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
Eerder door jou gezocht
Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases 18th Edition By Fred David, Forest David, Meredith David (All Chapters, 100% Original Verified, A+ Grade)€27,10
In winkelwagen
Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases 18th Edition By Fred David, Forest David, Meredith David (All Chapters, 100% Original Verified, A+ Grade)
This Is Original 18h 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 18th Edi...
Strategic Management A Competitive Advantage Approach, Concepts and Cases
18e Fred David, Forest David, Meredith David (Test Bank All Chapters, 100%
Original Verified, A+ Grade)
Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 18e (David)
Chapter 1 The Nature of Strategic Management
1) The goal of strategic management is to
A) achieve competitive advantage
B) maintain the status quo
C) achieve and maintain competitive advantage
D) eliminate competitive advantage
E) minimize competitive advantage
Answer: C
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
2) Strategic management focuses on integrating functional areas to achieve organizational
success. Which of the following is NOT one of the functional areas that is the focus of strategic
management?
A) marketing
B) finance
C) production
D) management
E) culture
Answer: E
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
3) The art and science of formulating, implementing and evaluating cross-functional decisions
that enable an organization to achieve its objectives is defined as
A) strategy formulation
B) strategy evaluation
C) strategy implementation
D) strategic management
E) strategic leadership
Answer: D
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
,4) To gain ________ firms need to provide unique products and services.
A) a bank loan
B) governmental legitimacy
C) a sustainable competitive advantage
D) tactical-level efficiency
E) organizational effectiveness
Answer: C
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
5) The strategic management process is
A) a requirement for small firms
B) not appropriate in nonprofit institutions
C) not needed in governmental organizations
D) not used in multinational conglomerates
E) becoming more widely used by all types of organizations
Answer: E
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
6) The strategic planning process should be driven by a firm's
A) mission
B) culture
C) environment
D) products
E) values
Answer: A
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
7) 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
,8) Optimizing the trends of today for tomorrow is the purpose of
A) long-range planning
B) strategic evaluation
C) competitive evaluation
D) competitive advantage
E) strategic implementation
Answer: A
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
9) The terms "strategic management" and "strategic planning" are used synonymously in this
text.
Answer: TRUE
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
10) Strategic management focuses on integrating management, marketing, finance, production,
and information systems to achieve organizational success.
Answer: TRUE
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
11) The strategic plan is a firm's game plan.
Answer: TRUE
Diff: 1
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
12) Changes in an organization's mission seldom impact other activities of the organization.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
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) The 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: Reflective thinking
15) Continuous feedback in the strategic management process enables firms to adapt to changing
conditions.
Answer: TRUE
Diff: 3
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
16) Greater formality in applying the strategic management process is usually negatively
associated with organizational success.
Answer: FALSE
Diff: 3
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
17) All firms have a strategy.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
18) Strategic planning by corporate America is now a rare activity in most organizations.
Answer: FALSE
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Analytical thinking
19) Greater formality in the application of strategic management is generally positively
associated with organizational success.
Answer: TRUE
Diff: 2
LO: 1.1: Describe the strategic management process.
AACSB: Reflective thinking
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper tutorsection. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €27,10. Je zit daarna nergens aan vast.
