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Chris M.
Chris M., M.S.W. Social Work
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10 questions multiple choice 1) A strategy seeks to develop

Resolved Question:

10 questions multiple choice


1) A strategy seeks to develop and sustain competitive advantage.

True

False


True or False
2) Strategic management refers to formulating successful strategies for an organization.

True

False


True or False
3) Each step in the strategic management process is independent so that changes in one step will not substantially affect other steps.

True

False


True or False
4) The intended strategy and the realized strategy can never be the same.

True

False


True or False
5) Whereas industrial organization theory emphasizes the influence of industry factors of firm performance, resource-based theory emphasizes the role of firm factors.

True

False


True or False
6) Strategic decisions are made by and are ultimately the responsibility of the chief executive alone.

True

False


Choose the best answer
7) Strategies are formulated in the strategic management stage that occurs immediately after

a) the assessment of internal strengths and weaknesses.

b) implementation of the strategy.

c) control of the strategy.

d) none of the above


Choose the best answer
8) The strategy originally planned by top management is called the

a) grand strategy.

b) realized strategy.

c) emergent strategy.

d) none of the above


Choose the best answer
9) The notion that successful firms tend to be the ones that adapt to influences in their industries is based on

a) industrial organization theory.

b) resource-based theory.

c) contingency theory.

d) none of the above


Choose the best answer
10) The notion of distinctive competence is consistent with

a) industrial organization theory.

b) resource-based theory.

c) contingency theory.

d) none of the above


Choose the best answer
11) In order to contribute to sustained competitive advantage, firm resources should be

a) valuable and rare.

b) not subject to perfect imitation.

c) without strategically relevant resources.

d) all of the above.


Choose the best answer
12) Which of the following is not a characteristic of strategic decisions?

a) They are long-term in nature.

b) They involve choices.

c) They involve trade-offs.

d) All of the above are characteristics of strategic decisions.
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.
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