Exam 1 - 1 Exam 1 (5 points for each correct multiple...

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Exam 1 (5 points for each correct multiple choice answer) 1. Which of the following is not a measure for the balanced scorecard approach to strategic management? a. financial measures b. human resource measures c. internal process measures d. customer measures 2. The principal external environment examined by Porter’s Five Forces model is: a. culture b. technology c. industry d. political 3. Scenario planning is distinct from many other ways to assess organizations’ external environments because: a. it examines the past in a unique way b. it anticipates the future c. it weighs cost/benefits of selected strategies d. it is easiest to use in an organization 4. The main job of the strategic manager is to: a. ensure the company earns a profit for shareholders b. integrate internally and adapt/shape the organization to its externalities c. help employees develop useful skills d. earn a big salary 5. There are four characteristics of globalization; which of the following is not one of those characteristics? a. increased number and diversity of actors/organizations b. a rapid discontinuous pace of change c. different perspectives on “right” or correct behaviors/values d. increased pressure to grow and earn profits 6. When assessing a firm’s strategy, it is most important to: a. examine both what a company says it does in its own reports and what it actually does b. examine what a company does by reading corporate reports and company press releases c. ask someone who works there to explain the strategy d. read a lot of books about the company 1
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7. Strategy functions at multiple levels in answer to questions an organization must address. Which of the following questions is addressed by enterprise level strategy : a. Which businesses should be in the portfolio now and in the future? b. What does every person have to do in individual jobs to realize strategy? c. What are the core competencies of the company in each distinctive business? d. What is the overall purpose of the company? 8. External global shifts affect every firm, but not necessarily in the same ways. For example, 2004 tsunamis in the Indian Ocean negatively affected the tourism industry, but created opportunities for cement producers. Overall, we can say that this global shift
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This note was uploaded on 02/12/2012 for the course ECON 101 taught by Professor Abrams during the Spring '11 term at Adams State University.

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Exam 1 - 1 Exam 1 (5 points for each correct multiple...

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