Strategic Management - Study Mode
[#91] Which of these is not an activity associated with restructuring?
Correct Answer
(C) Hoarding new businesses
Explanation
Solution: Hoarding new businesses is not an activity associated with restructuring. Hoarding is the purchase of large quantities of a commodity by a speculator with the intent of benefiting from future price increases.
[#92] Corporate resource allocation may be different depending on the speed of growth of the organization. Which of the following is inappropriate when facing rapid growth?
Correct Answer
(B) Past allocations and budgets
Explanation
Solution: Corporate resource allocation may be different depending on the speed of growth of the organization. Past allocations and budgets is inappropriate when facing rapid growth. Resource allocation is a process and strategy involving a company deciding where scarce resources should be used in the production of goods or services. A resource can be considered any factor of production, which is something used to produce goods or services.
[#93] Which of the following is not an aspect of a definition of the term budgets?
Correct Answer
(B) A strategic plan outlining means to utilize budget, make sales, and generate profits
Explanation
Solution: A strategic plan outlining means to utilize budget, make sales, and generate profits is not an aspect of a definition of the term budgets. A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
[#94] What are designed to guide managers in the pursuit and achievement of strategies and objectives?
Correct Answer
(C) Policies
Explanation
Solution: Policies are designed to guide managers in the pursuit and achievement of strategies and objectives. Policies are instrument for strategy implementation. This thesis defines policy much more narrowly as specific guides to managerial action and decisions in the implementation of strategy.
[#95] Strategy effectiveness and competitive success is dependent on which of the following groups of competencies?
Correct Answer
(C) Content, change, learning
Explanation
Solution: Strategy effectiveness and competitive success is dependent on Content, change, learning groups of competencies. Strategic success requires a clear understanding of the needs of the market, and the satisfaction of targeted customers more effectively and more profitably than by competitors. Real competitive advantage implies companies are able to satisfy customer needs more effectively than their competitors.