Strategic Management - Study Mode

[#231] Sound strategic choices will always address four issues. Which of the following is one of those reasons?
Correct Answer

(D) Financial returns

Explanation

Solution: Sound strategic choices will always address four issues. Financial returns is one of those reasons. A return, also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.

[#232] SBU stands for
Correct Answer

(D) strategic business unit

Explanation

Solution: SBU stands for strategic business unit. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction.

[#233] The word strategy originated from ___________
Correct Answer

(A) stratagos'

Explanation

Solution: The word strategy originated from stratagos. The term “strategy” is derived indirectly from the Classic and Byzantine (330 A.D.) Greek “strategos,” which means “general.”

[#234] Which of the following is a consideration when assessing the appropriateness of a strategy?
Correct Answer

(D) Resources

Explanation

Solution: Resources is a consideration when assessing the appropriateness of a strategy. A resource is a source or supply from which a benefit is produced and that has some utility. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.

[#235] ETOP stands for___________
Correct Answer

(A) Environmental threat and opportunity profile

Explanation

Solution: ETOP stands for Environmental threat and opportunity profile. ETOP analysis (environmental threat and opportunity profile) is the process of gathering information about events and their relationships within an organization's internal and external environments.