Chuwaps

It is defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

• Organization

• Management

• Strategic Management

• Action of Strategic Management

It refers to the overarching plan or set of goals.

• Tactics

• Strategies

• Goals

• Objectives

These include guidelines, rules, and procedures established to support efforts to achieve stated objectives.

• Policies

• External Assessment

• Internal Assessment

• Objectives

It is a course of action when the company’s primary objective is to survive.

• Offensive Course of Action

• Defensive Course of Action

• Competitive Advantage

• Policy

A variable that is presumed to cause a change in another variable is called:

• An intervening variable

• An independent variable

• A numerical variable

• A dependent variable

It is a plan of action or policy designed to achieve a major or overall aim.

• Plan

• Strategy

• Tactics

• Policy

The measure of the extent to which responses vary from the mean is called:

• The standard deviation

• The variance

• The normal distribution

• The mode

An Evaluation Matrix that assesses both the strengths and weakness of the organization.

• External Factor Evaluation Matrix

• Competitive Profile Matrix

• SWOT Analysis Matrix

• Internal Factor Evaluation Matrix

A BMBE is exempt from income tax if its capitalization is

• more than 3,000,000 including land

• more than 5,000,000 excluding land

• not more than 5,000,000 including land

• not exceeding 3,000,000 excluding land

This requires a firm to establish annual objectives, devise policies, motivate employees, and allocate resources so that formulated strategies can be executed.

• Strategy Evaluation

• Strategizing

• Strategy Implementation

• Strategy Formulation