Strategic Management Multiple choice questions

Strategic Management Multiple choice questions


As part of its training, most military academies teach the:

Nine Principles of War.
Seven Principles of Success.
Five Keys to Effectiveness.
Eight Steps to Efficiency.





The Sarbanes-Oxley Act of 2002 is a U.S. federal law designed to protect investors by improving the accuracy and reliability of:

the corporate vision.
the corporate mission.
corporate disclosures.
the balanced scorecard.





Imitability of a resource can occur through:

duplication.
exploitation.
substitution.
duplication and substitution.





The use of equipment, materials, knowledge, and experience to perform tasks is defined as:

the information revolution.
technology.
labor allocation.
resource allocation.





The various studies of organizational environments can be summarized from the following perspective(s):

environment as a source of information.
environment as a source of resources.
environment as a source of power.
environment as a source of information and of resources.





__________ refers to cost savings that you get as volume increases.

Switching costs
Economic costs
Economies of scale
Leveraged costs



Why is an internal analysis important?

It is the only way to assess an organization's competitive environment.
It is needed for making good strategic decisions.
It establishes organizational goals and objectives.
It assists in product positioning.





In Mintzberg's typology, __________ is a way to differentiate.

price
adaptability
focus
niche



A more dramatic response to a failing organization may be:

a joint venture strategy.
a turnaround strategy.
a vertical integration strategy.
a long-term contract.



__________ refers to the values and attitudes shared by individuals from a specific country that shape their behavior and their beliefs about what is important.

National culture
National values
International value systems
Global culture