Strategic Management Theory and Cases An Integrated Approach 12th Edition By Hill - Test Bank
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Strategic Management Test Bank
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Strategic Management Test Bank
Chapter 3 Internal Analysis Resources and Competitive Advantage
TRUEFALSE
1. Internal analysis is concerned with identifying a company's opportunities and threats. (A) True
(B) False
Answer : (B)
2. Together with an analysis of the company's external environment, internal analysis gives manage...
strategic management theory and cases an integrate
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Strategic Management Test Bank
Strategic Management Test Bank
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,Chapter 1 Strategic Leadership Managing the Strategy
Making Process for Competitive Advantage
TRUEFALSE
1. A strategy can be defined as a set of related actions that managers take to increase their
company's performance.
(A) True
(B) False
Answer : (A)
2. Strategic leadership is concerned with how to most effectively manage a company's strategy-
making process to create competitive advantage.
(A) True
(B) False
Answer : (A)
3. To increase shareholder value, managers must try to venture into new markets whether the
results are profitable or not.
(A) True
(B) False
Answer : (B)
4. A firm obtains competitive advantage when its strategy results in superior performance compared
to its competitors.
(A) True
(B) False
Answer : (A)
5. ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to
produce profitability.
(A) True
(B) False
,Answer : (A)
6. The profit growth of a company can be measured by the increase in net profit over time.
(A) True
(B) False
Answer : (A)
7. A business model is managers' conception of how the set of strategies their company pursues
should mesh together into a congruent whole, thus enabling the company to gain a competitive
advantage and achieve superior profitability and profit growth.
(A) True
(B) False
Answer : (A)
8. One of the factors that distinguish organizations in the nonprofit sector from profit-making
businesses is the lack of a need for strategic management.
(A) True
(B) False
Answer : (B)
9. General managers bear responsibility for the overall performance of the company or for one of its
major self-contained subunits or divisions.
(A) True
(B) False
Answer : (A)
10. The CEO is a company's principal general manager.
(A) True
(B) False
Answer : (A)
11. The final component of the strategic management process is crafting the organization's mission
statement, which provides the framework or context within which strategies are formulated.
, (A) True
(B) False
Answer : (B)
12. The concepts vision and mission can be used interchangeably.
(A) True
(B) False
Answer : (B)
13. The mission of a company lays out some desired future state and articulates what the company
would like to achieve.
(A) True
(B) False
Answer : (B)
14. The values of a company state how managers and employees should conduct themselves.
(A) True
(B) False
Answer : (A)
15. Well-constructed goals provide a means by which the performance of managers can be
evaluated.
(A) True
(B) False
Answer : (A)
16. A SWOT analysis is implemented to fine-tune strategies.
(A) True
(B) False
Answer : (A)
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