Chapter 1 Quiz-5

Official business failure calculations include what events?

A. Bankruptcies and foreclosures
B. Liquidations and court-mandated receiverships
C. Reverse mortgages and buyouts
D. All of the above
E. A & B

E. A & B

Which of the following is listed in the chapter as a reason often given for poor or no strategic
planning in a firm?
A. No monetary rewards for doing planning
B. Overconfidence
C. Laziness
D. No formal training in strategic management
E. All of the above

E. All of the above

A pitfall(s) to watch for and avoid in strategic planning, as listed in the chapter, is:
A. using strategic planning to gain control over decisions and resources.
B. doing strategic planning only to satisfy accreditation or regulatory requirements.
C. failing to communicate the plan to employees, who continue working in the dark.
D. All of the above
E. A & B above

D. All of the above

______________ is "the science of planning and directing large-scale military operations, of

maneuvering forces into the most advantageous position prior to actual engagement with the
enemy."
A. Coordination
B. Mission development
C. Leadership
D. Formulating objectives
E. Strategy

E. Strategy