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5 Written questions

5 Matching questions

  1. Strategy Formulation
  2. Intermediate Goals
  3. Management
  4. Environmental Analysis
  5. Organization
  1. a Process of scanning the business environment fro threats and opportunities
  2. b Goal set for a period of one to five years into the future
  3. c Determining the best way to arrange a business's resources and activities into a coherent structure
  4. d the process of planning, organizing, leading, and controlling an organization's financial, physical, human, and information resources to achieve its goals
  5. e Creation of a broad program for defining and meeting an organization's goals

5 Multiple choice questions

  1. People's ability to think in the abstract, to diagnose and analyze different situations, and to see beyond the present situation
  2. Responsible for ensuring that operations processes create value and provide benefits to customers
  3. Identification and analysis or organizational strengths and weaknesses and environmental opportunities and threats as part of strategy formulation
  4. Plan reflecting decisions about resource allocations, company priorities, and the steps needed to meet strategic goals
  5. Implement the strategies and work toward the goals set by top managers

5 True/False questions

  1. Business StrategyStrategy at the business-unit or product-line level focusing on improving a firm's competitive position


  2. Decision-Making SkillsThe ability to define problems and to select the best course of action


  3. Human Relation SkillsSkills in understanding and getting along with people


  4. Long-Term GoalsGoal set for an extended time, typically five years or more into the future


  5. Corporate CultureShared experiences, stories, beliefs, and norms that characterize an organization