Mgt498: Final Exam Study Guide

Apr 22nd, 2015
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1. Which of the following is not a part of a firm's external environment? 2. To a large extent, attitudes at the corporate level reflect the concerns of? 3. The ideal strategic management team includes decision makers from?

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MGT 498 Final ExamClick here to view the answersA + Tutorial Guaranteed1. Which of the following is not a part of a firm's external environment?A) intellectual propertyB) competitorsC) suppliersD) government agencies2. To a large extent, attitudes at the corporate level reflect the concerns ofA) stockholders and society at largeB) top managersC) the CEOD) the federal government3. The ideal strategic management team includes decision makers fromA) all three company levels (corporate, business, and functional)B) just the corporate levelC) just the corporate and business levelsD) just the top management4. Which of the following is a major function of the strategic management model?A) it helps make profits for the firm.B) it helps in identifying key issues faced by the firm.C) it helps in deciding which products to sell.D) it depicts the sequence and relationships of the major components of the strategic management process.5. Which of the following is a generic strategy option?A) narrow marginsB) diversificationC) differentiationD) retrenchment6. Horizontal integration is an example of aA) generic strategyB) grand strategyC) functional level strategyD) SBU strategy7. Strategic decisions ostensibly commit the firm forA) 1-2 yearsB) the short termC) 3-4 yearsD) a long period of time, typically five years8. Three organizational

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