Strategic Management and Business Policy 15th Edition Test Bank

Strategic Management and Business Policy 15th Edition Test Bank  IF You Want to Purchase This And Any Other Then:Contact us At: JOHNMATE11!"#ai$%co#  Strategic Management and Business Policy, 15e, Global Edition (Wheelen et al.) Chater 1 Basic Concets 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. Anser! A Difficult"! Eas" #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege *) +esearch suggests that strategic management evolves through four se,uential phases in corporations. The first phase is A) externall" oriente planning. B) %asic financial planning. C) internall" oriente planning. D) forecast-%ase planning. E) strategic management. Anser! B Difficult"! Eas" #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege ) The time horizon involve ith regar to %asic financial planning is usuall" A) one "ear. B) one ,uarter. C) three to five "ears. D) less than one month. E) five to ten "ears. Anser! A Difficult"! Eas" #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege ) A ifference %eteen %asic financial planning an forecast-%ase planning is

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A) the time horizon is shorter in forecast-%ase planning. B) forecast-%ase planning incorporates environmental ata an ex trapolates current trens. C) %asic financial planning utilizes consultants ith sophisticate techni,ues. D) %asic financial planning utilizes scenarios an contingenc" strategies. E) %asic financial planning relies heavil" on input from loer levels in the organization. Anser! B Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Anal"tical thin(ing 0) Top-on Top-on planning that emphasizes formal strateg" formulation an an  leaves the implementation issues to loer management levels is (non as A) forecast-%ase planning. B) externall" oriente planning. C) strategic management. D) %asic financial planning. E) none of the a%ove Anser! B Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege ) 2n the final phase of strategic management3 strategic information is availa%le to A) people throughout the organization. B) the top management responsi%le for ecision-ma(ing. C) mile management. D) operational personnel. E) onl" those responsi%le for implementing the strateg". Anser! A Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege 4) 2n a surve" of 05 corporations3 hich of the folloing as rate as one of the three top  %enefits of strategic management6 A) clearer sense of strategic vision for the firm B) higher levels of emplo"ee motivation C) higher levels of &o% satisfaction D) improve prouctivit" E) loer emplo"ee turnover  Anser! A Difficult"! /oerate

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C) 2f no changes are mae3 here ill the organization %e in one "ear6 D) 2f the evaluation is negative3 hat specific ac tions shoul management ta(e6 E) 2f no changes are mae3 here ill the organization %e in 15 "ears6 Anser! B Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Anal"tical thin(ing 9) +esearch of the planning practices of o f companies in the oil inustr" conclues that the real value of moern strategic planning is more in the :::::::: that is part of a future-oriente  planning process than in an" resulting ritten strategic plan. A) planning B) strategic thin(ing an organizational learning C) resulting ritten strategic plan D) formalit" of the process E) improve communication ithin the organization Anser! B Difficult"! Difficult #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege 15) trategic planning ithin a small organization A) ma" %e informal an irregular. B) must %e ela%orate to allo for future groth. C) shoul ala"s %e formalize an explicitl" ex plicitl" state. D) shoul %e one %" the presient onl". E) is unnecessar" an a aste of o f time. Anser! A Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege 11) trategic planning in a multiivisional corporation A) shoul %e informal to allo complete unerstaning %" the man" participants. B) shoul %e instigate onl" from the main corporate office. C) shoul %e accomplishe ,uic(l" to ecrease the li(elihoo of it %ecoming outate. D) shoul encourage a clear elineation %eteen top management an loer-level managers. E) shoul %e a formalize an sophisticate s"stem. Anser! E Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege

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1) 2n the externall" oriente planning phase3 plans are evelope %" heavil" involving the input of managers from loer levels. Anser! ;A#E Difficult"! /oerate #earning $%&.! 1.1! Discuss the %enefits of strategic management AACB! Application of (nolege 1) enezuela3 >enezuela3 an ?aragua" is calle A) E=. B) AEA@. C) @A;TA. D) /ercosur. E) AB=? AB =?.. Anser! D Difficult"! /oerate #earning $%&.! 1.*! Explain ho glo%alization3 innovation3 an environmental environmental sustaina%ilit" influence strategic management AACB! Application of (nolege *1) /em%ers of the European =nion E=) inclue all of the folloing ECE?T A) 2relan. B)