What follows the strategic directions set by the BOD in the environmental acknowledgment and assessment process?

APM Final Revision Quiz

Quiz
•
Professional Development
•
12th Grade
•
Hard
Alessandro DiDomenico
Used 2+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
External analysis
Internal analysis
Strategic plans and projects
Market research
Answer explanation
Following the strategic directions set by the BOD, organizations develop strategic plans and projects to implement their environmental acknowledgment and assessment processes effectively.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What could supply chain changes be classified as?
Strengths
Opportunities
Threats
Weaknesses
Answer explanation
Supply chain changes can introduce risks that negatively impact operations, making them classified as threats. Identifying these threats is crucial for effective risk management and strategic planning.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What type of advantage should opportunities provide according to the document?
Financial advantage
Mutual advantage rising from strategic partnership
Technological advantage
Marketing advantage
Answer explanation
The document emphasizes that opportunities should create a mutual advantage through strategic partnerships, highlighting collaboration over individual benefits.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an example of an unfulfilled customer need?
High employee turnover
Market gaps
Competitors vulnerabilities
Loosening of regulations
Answer explanation
Market gaps represent unfulfilled customer needs where demand exists but is not met by current offerings. This highlights opportunities for businesses to innovate and cater to those unmet needs.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the main focus of the document?
Threats to the business
Opportunities for the business
Internal weaknesses
Employee training
Answer explanation
The document primarily highlights potential growth areas and advantages for the business, making 'Opportunities for the business' the main focus, rather than threats, weaknesses, or training.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an example of contradictory behavior within an organization?
Strong leadership
Poor culture
High productivity
Effective communication
Answer explanation
Poor culture is contradictory because it undermines strong leadership, high productivity, and effective communication, creating an environment where these positive aspects cannot thrive.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an internal condition that could act as a barrier to achieving a dominating market position?
Opportunities
Strengths
Weaknesses
Threats
Answer explanation
Weaknesses are internal factors that can hinder a company's ability to compete effectively. They can limit resources, capabilities, or market reach, acting as barriers to achieving a dominating market position.
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