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Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases 16th Edition By Fred David, Forest David (All Chapters, 100% Original Verified, A+ Grade) $14.49   Add to cart
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Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases 16th Edition By Fred David, Forest David (All Chapters, 100% Original Verified, A+ Grade)
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This Is Original 16th Edition of Test Bank From Original Author. All Other Files in the market are fake/old Edition. Other Sellers Have changed old Edition Number to new But Test Bank is old Edition. Test Bank for Strategic Management A Competitive Advantage Approach, Concepts and Cases 16th Ed...

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  • April 16, 2024
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  • 2023/2024
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1 Copyright © 2017 Pearson Education, Inc. Strategic Management: A Competitive Advantage Approach, 16e (David) Chapter 1 The Nature of Strategic Management 1) The goal of strategic management is to
A) achieve competitive advantage.
B) maintain competitive advantage.
C) achieve and maintain competitive advantage.
D) eliminate competitive advantage.
E) eliminate and abolish competitive advantage.
Answer: C
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Analytical thinking
2) Strategic management focuses on integrating management, ________, and information
systems to achieve organizational success.
A) marketing
B) finance and accounting
C) production and operations
D) research and development
E) all of the above
Answer: E
Diff: 2
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communication
3) What can be defined as the art and science of formulating, implementing and evaluating cross-
functional decisions that enable an organization to achieve its objectives?
A) Strategy formulation
B) Strategy evaluation
C) Strategy implementation
D) Strategic management
E) Strategic leading
Answer: D
Diff: 1
LO: 1.1: Describe the strategic-management process.
AACSB: Written and oral communicationStrategic Management A Competitive Advantage Approach, Concepts and Cases, 16e Fred David, Forest David (Test Bank All Chapters, 100% Original Verified, A
+ Grade) 2 Copyright © 201 7 Pearson Edu cation, Inc. 4) In recent years, the speedy flow of information through te chnology has A) made it harder for people worldwide to see how others work and live. B) strengthened national boundaries and made countries more self -contained. C) created a borderless world with global competitors, customers, and citizens. D) ensured that the United States is unrivaled by other companies in all industries. E) made the real flow of financial activity align with political boundaries between countries. Answer: C Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 5) The strategic -management process is becoming more widely used by A) small firms. B) nonprofit institutions. C) governmental organizations. D) multinational conglomerates. E) all of the above Answer: E Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 6) An organization should take a(n) ________ approach in its industry. A) adversarial rather than a collegial B) collegial rather than an adversarial C) reactive rather than a proactive D) proactive rather than a reactive E) cooperative rather than a competitive Answer: D Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 7) The strategic -management process represents a(n) ________, _____ ___, and ________ approach for determining an enterprise's future direction. A) logical; systematic; subjective B) intuitive; disorganized; subjective C) logical; systematic; objective D) intuitive; disorganized; objective E) inconsistent; systematic; subj ective Answer: C Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 3 Copyright © 201 7 Pearson Edu cation, Inc. 8) The strategic -management process A) occurs once a year. B) is a semiannual process. C) is a continuous process. D) applies mostly to companies with sales greater than $100 million. E) applies mostly to small businesses. Answer: C Diff: 3 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking 9) Strategic management focuses on integrating management, marketing , finance and accounting, production and operations, research and development, and information systems to achieve organizational success. Answer: TRUE Diff: 1 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 10) Optimizing for tomorrow the trends of today is the purpose of strategic management. Answer: FALSE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 11) U.S. firms are not being aggressively challenged in the computer industry. Answer: FALSE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking 12) Strategic management is an attempt to organize qualitative and quantitative information in a way that allows effective decis ions to be made under conditions of uncertainty. Answer: TRUE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 13) By occasionally monitoring external events, companies should be able to identify when change is required. Answer: FALSE Diff: 3 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking 4 Copyright © 201 7 Pearson Edu cation, Inc. 14) Firms, like organisms, must be "adept at adapting" or they will not survive. Answer: TRUE Diff: 2 LO: 1.1: Describe the strate gic-management process. AACSB: Written and oral communication 15) Once an effective strategy is designed, modifications are rarely required. Answer: FALSE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking 16) Appl ication of the strategic -management process is typically more formal in larger and well -
established organizations. Answer: TRUE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 17) To be effective, strat egic-management must be a process that familiarizes managers and employees with the key strategic issues facing an organization and the feasible alternatives for resolving those issues. Answer: TRUE Diff: 3 LO: 1.1: Describe the strategic -management proc ess. AACSB: Analytical thinking 18) The most effective strategic management is ritualistic, predictable, and formal. Answer: FALSE Diff: 3 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking 19) All firms have a strategy, ev en if it is informal, unstructured, and sporadic. Answer: TRUE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Written and oral communication 20) Despite its great popularity in the 1980s, strategic planning by corporate America is n ow a valuable though rare activity. Answer: FALSE Diff: 2 LO: 1.1: Describe the strategic -management process. AACSB: Analytical thinking

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