Chap2_MC_Questions&Answers

Chap2_MC_Questions&Answers - Chapter2 Multiple...

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1 Chapter2: Multiple Choice Questions 1. Which of the following is true about business strategies? a. An organization should stick with its strategy for the life of the business. b. All firms within an industry will adopt the same strategy. c. Well defined missions make strategy development much easier. d. Strategies are formulated independently of SWOT analysis. e. Organizational strategies depend on operations strategies. 2. The fundamental purpose for the existence of any organization is described by its 3. Which of the following activities takes place once the mission has been developed? 4. Which of the following statements about organizational missions is false? 5. The impact of strategies on the general direction and basic character of a company is a. short ranged b. medium range c. long range d. temporal e. minimal 6. The fundamental purpose of an organization's mission statement is to 7. Which of the following is true?
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2 8. According to the authors, which of the following strategic concepts allow firms to achieve their missions?
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