Corporate Strategy
Final Exam Questions
Course Introduction
Corporate Strategy explores the frameworks, analytical tools, and decision-making processes used by organizations to achieve long-term growth, competitive advantage, and sustainable value creation across multiple businesses or markets. Students will examine topics such as diversification, mergers and acquisitions, strategic alliances, global strategy, and corporate governance, learning how executives assess industry landscapes, allocate resources, and respond to evolving market conditions. Through case studies and real-world applications, the course enables students to critically analyze complex strategic challenges and develop effective corporate-level strategies that align with organizational goals.
Recommended Textbook
Flashcards
Source URL: https://quizplus.com/study-set/1395 Page 2
Chapter 1: The Nature of Strategic Management
Available Study Resources on Quizplus for this Chatper
131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/27795
Sample Questions
Q1) According to Webster's New World Dictionary, ________ is "the science of planning and directing large-scale military operations, of maneuvering forces into the most advantageous position prior to actual engagement with the enemy."
A) competitive advantage
B) war
C) strategy
D) formulation
E) business
Answer: C
Q2) Define what strategists are. Describe what they do in an organization. Answer: Strategists are individuals who are most responsible for the success or failure of an organization. They help an organization gather, analyze and organize information. They track industry and competitive trends, develop forecasting models and scenario analyses, identify business threats and develop creative action plans. Strategic planners usually serve in a support or staff role. Usually found in higher levels of management, they typically have considerable authority for decision making in the firm.
To view all questions and flashcards with answers, click on the resource link above.
3
Chapter 2: The Business Vision and Mission
Available Study Resources on Quizplus for this Chatper
113 Verified Questions
113 Flashcards
Source URL: https://quizplus.com/quiz/27798
Sample Questions
Q1) A mission statement, sometimes called a creed statement, can be defined as an enduring statement of purpose that distinguishes one organization from other similar enterprises.
A)True
B)False Answer: True
Q2) The foundation for development of a comprehensive mission statement is provided by a clear vision.
A)True
B)False Answer: True
Q3) The operating philosophy of organizations should be to develop a product and then try to find a market for it.
A)True
B)False Answer: False
Q4) In order to motivate a workforce effectively, both profit and vision are needed.
A)True
B)False Answer: True
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: The External Assessment
Available Study Resources on Quizplus for this Chatper
127 Verified Questions
127 Flashcards
Source URL: https://quizplus.com/quiz/27799
Sample Questions
Q1) By 2075, the United States will have no racial or ethnic majority.
A)True
B)False Answer: True
Q2) Organizations never develop their own projections.
A)True
B)False Answer: False
Q3) Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.
A)True
B)False Answer: False
Q4) An effective CI program allows all areas of a firm to access consistent and verifiable information in making decisions.
A)True
B)False Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: The Internal Assessment
Available Study Resources on Quizplus for this Chatper
132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/27800
Sample Questions
Q1) ________, perhaps the most important word in management, is a major component in motivation.
A) Forecasting
B) Organizational structure
C) Recruiting
D) Management development
E) Communication
Q2) A firm's strengths that cannot be easily matched or imitated by competitors are called
A) internal audits.
B) distinctive competencies.
C) external audits.
D) interrelated properties.
E) internal properties.
Q3) Internal R&D and contract R&D are the two basic forms of R&D in organizations.
A)True
B)False
Q4) Discuss the five steps involved in performing an IFE Matrix.
Q5) What four basic steps comprise the controlling function of management?
Q6) Define cultural products, and give six examples of them.
Page 6
To view all questions and flashcards with answers, click on the resource link above.
Chapter 5: Strategies in Action
Available Study Resources on Quizplus for this Chatper
131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/27801
Sample Questions
Q1) Which term refers to selling a division of an organization?
A) Joint venture
B) Divestiture
C) Concentric diversification
D) Liquidation
E) Horizontal integration
Q2) Divestiture would be an appropriate strategy when a need exists to introduce a new technology quickly.
A)True
B)False
Q3) Mergers and acquisitions are created for all of the following reasons EXCEPT to A) gain new technology
B) reduce tax obligations
C) gain economies of scale
D) smooth out seasonal trends in sales
E) increase the number of employees
Q4) A low-cost focus strategy can be especially attractive when the target market niche is small.
A)True
B)False
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Strategy Analysis and Choice
Available Study Resources on Quizplus for this Chatper
113 Verified Questions
113 Flashcards
Source URL: https://quizplus.com/quiz/27802
Sample Questions
Q1) A firm should pursue defensive strategies if the coordinates of a SPACE directional vector are (+2, +3).
A)True
B)False
Q2) In the BCG Matrix, which strategy would be most appropriate for a division classified as a Dog?
A) Market penetration
B) Market development
C) Product development
D) Retrenchment
E) Forward integration
Q3) Describe the tactics that have been used by politicians that can also aid strategists.
Q4) The midpoint on the x-axis of a BCG Matrix is typically set at 0.05.
A)True
B)False
Q5) Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Implementing Strategies: Management and Operations Issues
Available Study Resources on Quizplus for this Chatper
122 Verified Questions
122 Flashcards
Source URL: https://quizplus.com/quiz/27803
Sample Questions
Q1) List four major reasons annual objectives are essential for strategy implementation.
Q2) With the matrix structure it is common for functional resources to be duplicated.
A)True
B)False
Q3) Annual objectives are key components in the strategic-management process because they dictate how resources will be allocated.
A)True
B)False
Q4) Compare and contrast restructuring and reengineering.
Q5) What is the best divisional structure when a few major customers are of paramount importance and many different services are provided to these customers?
A) By geographic area
B) By customer
C) By product
D) By process
E) By cost
Q6) Discuss how work life/home life balance is being addressed by organizations.
Page 9
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Implementing Strategies: Marketing, Financeaccounting,
RD, and MIS
Issues
Available Study Resources on Quizplus for this Chatper
114 Verified Questions
114 Flashcards
Source URL: https://quizplus.com/quiz/27804
Sample Questions
Q1) The most common type of financial budget is the capital budget.
A)True
B)False
Q2) Limiting an organization's expenditures is the primary purpose of financial budgets.
A)True
B)False
Q3) Most strategists believe that an organization's well being depends on evaluation of the strategic-management process.
A)True
B)False
Q4) In projected financial statements, what is used as a plug figure?
A) Retained earnings
B) Fixed assets
C) The cash account
D) Long-term liabilities
E) Stockholders' equity
Q5) A firm can usually serve two or more market segments with the same strategy.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Strategy Review, Evaluation, and Control
Available Study Resources on Quizplus for this Chatper
114 Verified Questions
114 Flashcards
Source URL: https://quizplus.com/quiz/27805
Sample Questions
Q1) Contingency plans should be as simple as possible.
A)True
B)False
Q2) What are the most commonly used quantitative criteria to evaluate strategies? Give several examples of these criteria.
Q3) The first time U.S. issuers would report under the international financial reporting standards (IFRS) would be approximately _______.
A) 2011 or 2012
B) 2012 or 2013
C) 2013 or 2014
D) 2014 or 2015
E) 2015 or 2016
Q4) The strategy-evaluation process should foster
A) mutual understanding.
B) doubt.
C) corporate culture.
D) complexity.
E) division.
Q5) Describe each of the activities that comprise strategy evaluation.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Business Ethicssocial
Responsibilityenvironmental Sustainability
Available Study Resources on Quizplus for this Chatper
120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/27796
Sample Questions
Q1) Most firms warn managers and employees that reporting an ethical violation by others, also known as whistle-blowing, could cause them to be discharged.
A)True
B)False
Q2) Ethics training programs should contain which of the following?
A) Messages from the CEO or business owner emphasizing ethical business practices
B) The development and discussion of codes of ethics
C) Procedures for discussing unethical behavior
D) Procedures for reporting unethical behavior
E) All of the above
Q3) Which state generates the greatest number of megawatts of wind power?
A) Texas
B) Iowa
C) California
D) Minnesota
E) New Jersey
Q4) Having a code of ethics ensures ethical business behavior.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Globalinternational Issues
Available Study Resources on Quizplus for this Chatper
120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/27797
Sample Questions
Q1) Most economists argue that protectionism ________ the world economy because it ________ trade among countries.
A) helps; inhibits
B) helps; encourages
C) harms; inhibits
D) harms; encourages
E) doesn't impact; doesn't affect
Q2) Which group generally softens up executives with praise before they criticize?
A) Americans
B) Italians
C) Germans
D) French
E) All of the above
Q3) The availability, depth, and reliability of economic and marketing information in different countries vary extensively.
A)True
B)False
Q4) Punctuality is generally revered in all cultures of the world.
A)True
B)False
Page 13
To view all questions and flashcards with answers, click on the resource link above.