01/06/2022, 16:10 Prelim Quiz 2: Attempt review

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UGRD-ITE6101A-2133T /
Week 3-4: Designing a competitive business model and building a solid strategic plan

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Prelim Quiz 2

Started on Wednesday, 1 June 2022, 3:56 PM

State Finished
Completed on Wednesday, 1 June 2022, 4:09 PM
Time taken 12 mins 49 secs
Marks 14.00/15.00
Grade 93.33 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

Positive external factors the company can exploit to accomplish its mission, goals, and objectives.

Select one:
weaknesses

opportunities


strengths

threats

Your answer is correct.

Question 2
Correct

Mark 1.00 out of 1.00

It is a written expression of how  the company will reflect an entrepreneur’s  values, beliefs, and vision – more than just  “making money.”

Select one:
mission


vision

goal

objectives

Your answer is correct.

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01/06/2022, 16:10 Prelim Quiz 2: Attempt review

Question 3
Correct

Mark 1.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
Assess strengths and weaknesses.

Develop a vision and translate it into a  mission statement.

Scan environment for opportunities and threats.

All of the above



Your answer is correct.

Question 4
Correct

Mark 1.00 out of 1.00

Positive internal factors a company can draw on to accomplish its mission, goals, and objectives.

Select one:
vision

strengths


weaknesses

mission

Your answer is correct.

Question 5
Correct

Mark 1.00 out of 1.00

The aggregation of factors that sets a company  apart from its competitors and gives it a unique  position in the market that is superior to its 
competition.

Select one:
strategic plan

competitive advantage 

strategic management

franchise

Your answer is correct.

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Question 6
Correct

Mark 1.00 out of 1.00

The practice of gathering,  organizing, and disseminating the  collective wisdom and experience  of a company’s employees for the  purpose
of strengthening its  competitive position.

Select one:
objectives

goals

strategy

purpose 

Your answer is correct.

Question 7
Correct

Mark 1.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
Analyze competition.

Create goals and objectives.

Identify key success factors.

All of the above



Your answer is correct.

Question 8
Correct

Mark 1.00 out of 1.00

which of the following is/are aspects of a small company?

Select one:
Pricing they offer

Service they provide

Products they sell

All of the above



Your answer is correct.

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Question 9
Correct

Mark 1.00 out of 1.00

which of the following is/are Strategic Management Process?

Select one:
All of the above


Translate plans into actions.

Formulate strategies.

Establish accurate controls.

Your answer is correct.

Question 10
Correct

Mark 1.00 out of 1.00

It involves developing a game plan to guide a  company as it strives to accomplish its  mission, goals , and objectives, and to keep it  on its
desired course.

Select one:
strategic management


strategic plan

competitive advantage

franchise

Your answer is correct.

Question 11
Correct

Mark 1.00 out of 1.00

A clearly defined vision __________ .

Select one:
all of the above


Determines decisions

Provides direction

Motivates people

Your answer is correct.

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Question 12
Correct

Mark 1.00 out of 1.00

Negative internal factors that inhibit a  company’s ability to accomplish its mission,  goals, and objectives.

Select one:
vision

mission

weaknesses


strengths

Your answer is correct.

Question 13

Correct

Mark 1.00 out of 1.00

It is the result of an entrepreneur’s dream of  something that does not exist yet and the ability  to paint a compelling picture of that dream
for  everyone to see.

Select one:
objectives

goal

vision


mission

Your answer is correct.

Question 14
Incorrect

Mark 0.00 out of 1.00

Negative external factors that inhibit the firm's ability  to accomplish its mission, goals, and objectives.

Select one:
strengths

opportunities

weaknesses


threats

Your answer is incorrect.

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01/06/2022, 16:10 Prelim Quiz 2: Attempt review

Question 15
Correct

Mark 1.00 out of 1.00

It is a road map of the actions an entrepreneur  draws up to achieve a company’s mission, goals, and  objectives.

Select one:
strategy


objectives

goals

purpose

Your answer is correct.

◄ W3 & W4 - Designing a competitive business model and building a solid strategic plan - PRESENTATION

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Conducting a Feasibility Analysis and Crafting a Winning Business Plan-Module ►

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