Strayer BUS 490 Business Policy Week 2 Quiz

| August 14, 2017

This quiz consist of 15 multiple choice questions and covers the material in Chapter 1. Be sure you are in Chapter 1 when you take the quiz.Question 14 out of 4 points The strategic-management processQuestion 24 out of 4 points The goal of strategic management is to Question 34 out of 4 points A strong ________ heritage underlies the study of strategic management. Question 44 out of 4 points The one factor that has most significantly impacted the nature and core of buying and selling in nearly all industries has been Question 54 out of 4 points Superior strategy formulation and implementation ________ an opponent’s superiority in numbers and resources. Question 64 out of 4 points What are enduring statements of purpose that distinguish one business from other similar firms? Question 74 out of 4 points The Internet has transferred power from ________ to ________. Question 84 out of 4 points The first step in strategic planning is generally Question 94 out of 4 points Which phase of strategic management is called the action phase? Question 104 out of 4 points Internal ________ are activities in an organization that are performed especially well. Question 114 out of 4 points 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? Question 124 out of 4 points What are guides to decision making? Question 134 out of 4 points Anything that a firm does especially well compared to rival firms is referred to as Question 144 out of 4 points How do line managers become “owners” of the strategy?Question 154 out of 4 points Which individuals are most responsible for the success and failure of an organization?

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