Strategic Management - Study Mode
[#186] ______ and ______ are outcomes from a study of the external environment
Correct Answer
(D) Opportunities and Threats
Explanation
Solution: Opportunities and Threats are outcomes from a study of the external environment.
[#187] The purpose of a mission statement is to declare all of these except
Correct Answer
(B) an annual financial plan
Explanation
Solution: The purpose of a mission statement is to declare all of these except an annual financial plan. The sole purpose of a mission statement is to serve as a company's goal/agenda, it outlines clearly what the goal is.
[#188] Which of the following is not a characteristic of the Internet?
Correct Answer
(A) Provides information
Explanation
Solution: Providing information is not a characteristic of the Internet. The Internet is essentially a decentralized, self-maintained telecom-munications network. It is made up of inter-linking small networks from all parts of the world. It is ubiquitous, borderless, global and ambient in its nature. Hence the term “cyberspace.”
[#189] As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.
Correct Answer
(D) mission statement
Explanation
Solution: As indicated in the strategic-management model, a clear mission statement is needed before alternate strategies can be formulated and implemented. The strategic management model provides managers and strategists a greater comprehension of the iterative approach in conducting real strategic management in the organizational setting. The strategic management model begins with the development of the organizational mission and vision.
[#190] Which one of the following criteria does not provide a means to assess strategic resources?
Correct Answer
(D) Synergy
Explanation
Solution: Synergy criteria does not provide a means to assess strategic resources. Synergy is the concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts. Synergy is a term that is most commonly used in the context of mergers and acquisitions (M&A).