5/20/22, 3:47 PM Prelim Quiz 1: Attempt review

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UGRD-MGT6370A-2133T /
WEEK 1: Introduction to Strategic Management /
Prelim Quiz 1

Started on Friday, 20 May 2022, 3:33 PM

State Finished
Completed on Friday, 20 May 2022, 3:40 PM
Time taken 7 mins 3 secs
Grade 13.00 out of 20.00 (65%)

Question 1
Correct

Mark 1.00 out of 1.00

Strategic Management serves as a foundation for all key decisions of the firm.

Select one:
True 

False

Question 2
Correct

Mark 1.00 out of 1.00

Igor Ansoff  viewed that in developing strategy,

it was essential to systematically anticipate future environmental
challenges to an
organization, and draw up appropriate strategic plans for responding to these
challenges.

Question 3
Correct

Mark 1.00 out of 1.00

Without a perfect foresight, the firms must be ready to deal with the
uncertain events which constitute the business environment.

Select one:
True 

False

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5/20/22, 3:47 PM Prelim Quiz 1: Attempt review

Question 4
Correct

Mark 1.00 out of 1.00

He defines strategy as a creation of a unique

and valued position involving a different activity from rivals or performs
similar activities in
different ways.

Select one:
a. Glueck

b. Chandler

c. Micheal Porter 

Your answer is correct.

Question 5
Correct

Mark 1.00 out of 1.00

According to Igor Ansoff  , strategy is organisation‘s pattern of response to its environment over a period of time to
achieve its goals and mission.”

Question 6

Correct

Mark 1.00 out of 1.00

The systematic analysis of the factor associated with customers and

competitors and the organization itself to provide the basis for
maintaining optimum
management practices.

Answer: Strategic Management 

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5/20/22, 3:47 PM Prelim Quiz 1: Attempt review

Question 7
Correct

Mark 1.00 out of 1.00

The systematic analysis of the factor associated with customers

and competitors and the organization itself to provide the basis for
maintaining optimum management practices.

Select one:
A. Strategic Management 

B. Scientific Management

C. Systematic Management

Your answer is correct.

Question 8

Correct

Mark 1.00 out of 1.00

Igor Chandler is the Father of Strategic Management.

Select one:
True

False 

Question 9
Incorrect

Mark 0.00 out of 3.00

Johnson and Scholes three ways in strategies selection.

Answer: Corporate, Business, and Operational 

Question 10
Correct

Mark 1.00 out of 1.00

It is the framework used to evaluate a company's competitive position and to

develop strategic planning.

Answer: SWOT Analysis 

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5/20/22, 3:47 PM Prelim Quiz 1: Attempt review

Question 11
Correct

Mark 1.00 out of 1.00

Strategy provides overall framework for guiding organizational thinking

and action.

Select one:
True 

False

Question 12
Incorrect

Mark 0.00 out of 4.00

SWOT stands for ?

Answer: strengths. weaknesses, opportunities, and threats 

Question 13
Correct

Mark 1.00 out of 1.00

It is a method or plan chosen to bring about a desired future, such as

achievement of a goal or a solution to a problem. 

Select one:
A. Strategy 

B. Plan

C. Techniques

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

Strategy is derived from the Greek word strategos, meaning military leader or general.

Select one:
True 

False

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5/20/22, 3:47 PM Prelim Quiz 1: Attempt review

Question 15
Correct

Mark 1.00 out of 1.00

Strategy deals with long term developments rather than short-term operations.

Select one:
True

False 

◄ Introduction to Strategic Management - Video

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W2: Nature of Strategic Management - Module ►

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