MGMT 4502 Exam 1

Exam > MGMT 4502 Exam 1

Humber College MGMT 4502 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following is a definition of strategic management? A) Strategic management refers to those aspects of management that are the responsibility of an organisation's most senior managers. B) Strategic management refers to an appro ...[Show More]

Humber College
MGMT 4502
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Which of the following is a definition of strategic management?
A) Strategic management refers to those aspects of management that are the responsibility of
an organisation's most senior managers.
B) Strategic management refers to an approach to business planning based on the objectives
of the various stakeholder groups affected by the organisation's activities.
C) Strategic management refers to those activities and processes through which an
organisation determines its mission and/or objectives and the plans, policies and actions
to achieve them.
D) Strategic management is concerned with the annual planning processes by which an
organisation determines its annual targets and budget allocations.
1)
2) Which one of the following is not a major concern of strategic management?
A) Organisational resources and competencies
B) Strategic options
C) Mission and objectives
D) The external environment
E) The marketing mix
2)
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
3) Achieving sustainable competitive advantage is an overriding objective of strategy in the
not-for-profit sector.
3)
4) In the private sector the overriding objective of strategy is to achieve value for money in service
provision.
4)
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
5) Which of the following is a criterion for distinguishing operational, tactical and strategic
decisions?
A) Type of decision
B) Cost of implementation
C) Time taken to make decisions
D) Who is responsible for implementation
E) Scope of the decision's impact on the organisation
5)
6) Which of the decisions listed below is not an example of a strategic decision?
A) Decision to enter a new market
B) Decision to launch a new advertising campaign
C) Decision to invest in a new production plant
D) Decision to launch new product