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List of MGT498 Final Exam Questions. Online Business Degree.

Answers to the Final Exam in MGT498 Strategic Management in the Online Business Degree Program .

  1. An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is
  2. When a company determines a competency's competitive advantage, Barney refers to this issue as
  3. According to Porter, the corporation is most concerned with
  4. Which of the following is NOT descriptive of external environmental scanning?
  5. Who said that the social responsibility of business is a "fundamentally subversive doctrine" and that the one social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays with the rules of the game..."?
  6. The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as
  7. The relationship among the board of directors, top management, and shareholders is referred to as
  8. Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
  9. Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is
  10. In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?
  11. Suboptimization occurs when
  12. Which company experienced a tarnished reputation and scandal after experiencing behavior substitution when employees altered their behavior on the job to fit the reward system?
  13. Because of the belief that accounting-based numbers such as ROI, ROE, and EPS are not reliable indicators of a corporation's economic value, which method of corporate performance is now preferred?
  14. Which is the MOST commonly used measure of corporate performance (in terms of profit)?
  15. Which one of the following is NOT a part of the evaluation and control of performance?
  16. Who typically implements strategy in large, multi-industry corporations?
  17. The sum total of the activities and choices required for the execution of a strategic plan is known as in
  18. According to the text, what is the "key" to effective management of change in culture?
  19. Executives with a particular mix of skills and experiences may be classified as an executive type and paired with

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