Quiz No. 1 Strategic Management

Quiz No. 1 Strategic Management

1st Grade - University

20 Qs

quiz-placeholder

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 Quiz No. 1 Strategic Management

Quiz No. 1 Strategic Management

Assessment

Quiz

Business

1st Grade - University

Practice Problem

Medium

Created by

Kristy Bastasa

Used 7+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

An EFE Matrix allows strategists to summarize external factors that might affect organization. EFE stands for ________?

External Forces Evaluation

External Factor Evaluation

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The CPM matrix identifies both the internal and external factors of an organization as the critical success factors. CPM stands for________?

Competitor Profile Matrix

Competitive Profile Matrix

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

___________ is a declaration of attitude and outlook.

Vision

Mission

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A component of a mission statement which considers the basic beliefs, values, aspirations, and ethical priorities of the organization.

Concern for public image

Concern for employees

Philosophy

Customers

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The vision statement should be established first and foremost rather than a mission statement.

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A mission statement is sometimes called a creed statement.

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the first stage of strategic management process?

Strategy Implementation

Strategy Evaluation

Strategy Formulation

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