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week4quiz.docx - Part 1 of 1 93.34 100.0 Points Question 1...

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Part 1 of 1 - 93.34/ 100.0 Points Question 1 of 15 6.66/ 6.66 Points Strategic management entails three processes: Analysis, planning, and budgeting. Answer Key: False Question 2 of 15 6.66/ 6.66 Points Strategic management does not recognize the trade-offs between effectiveness and efficiency. Answer Key: False Question 3 of 15 6.66/ 6.66 Points Generic strategies consist of focus strategy, differentiation strategy and overall cost leadership. Answer Key: True Question 4 of 15 0.0/ 6.66 Points The three primary participants in corporate governance are: (1) the shareholders; (2) management (led by the chief executive officer); and, (3) employees. Answer Key: False Question 5 of 15 6.66/ 6.66 Points Environmental scanning is essential to find changes and critical events and trends so that corrections can be made before competitors find them. Answer Key: True
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Question 6 of 15 6.67/ 6.67 Points Environmental monitoring allows firms to know how severe environmental trends are changing the competitive landscape.
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