Question 1

Successful strategists minimize their own political exposure on issues that are ________ and in circumstances where opposition from major power centers is likely.

Accepted Answer

A)  highly controversial
B)  nominally controversial
C)  power centered
D)  strategy centered
E)  tactic optimizedF) A) and E)
G) B) and C)

Question 2

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG)Matrix.

Accepted Answer

A) True 
 B)False

Question 3

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions,financial position (FP)and competitive position (CP),and the two external dimensions,industry position (IP)and stability position (SP).

Accepted Answer

A) True 
 B)False

Question 4

An organization's present strategies,objectives,vision,and mission,coupled with the external and internal audit information,provide a basis for

Accepted Answer

A)  generating structural strategies,but not evaluating those strategies.
B)  evaluating structural strategies,but not generating those strategies.
C)  generating feasible alternative strategies,but not evaluating those strategies.
D)  evaluating feasible alternative strategies,but not generating those strategies.
E)  generating and evaluating feasible alternative strategies.F) A) and B)
G) B) and D)

Question 5

What is the highest number of strategies that can be examined at one time with the QSPM?

Accepted Answer

A)  1
B)  2
C)  5
D)  10
E)  There is no limit.F) All of the above
G) D) and E)

Question 6

Explain the benefits and limitations of developing a Boston Consulting Group (BCG)Matrix.

Accepted Answer

The major benefit of the BCG Matrix is t...

Question 7

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1,+4).

Accepted Answer

A) True 
 B)False

Question 8

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Accepted Answer

A)  SO
B)  WO
C)  SW
D)  ST
E)  WTF) B) and D)
G) All of the above

Question 9

Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?

Accepted Answer

A)  Input
B)  Matching
C)  Decision
D)  Penetration
E)  ResearchF) A) and B)
G) A) and C)

Question 10

When completing the matching stage of the strategy-formulation framework,the SWOT Matrix needs to be completed before the SPACE Matrix.

Accepted Answer

A) True 
 B)False

Question 11

What are the two external dimensions of the SPACE Matrix?

Accepted Answer

A)  Stability position and industry position
B)  Stability position and competitive position
C)  Industry position and competitive position
D)  Competitive position and financial position
E)  Financial position and industry positionF) A) and B)
G) A) and C)

Question 12

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

Accepted Answer

A) True 
 B)False

Question 13

In the SPACE analysis,what does a (+6,+3) strategy profile portray?

Accepted Answer

A)  A strong industry position
B)  An unstable environment
C)  A stable environment
D)  A weak industry position
E)  A weak financial positionF) A) and E)
G) A) and D)

Question 14

How many cells are in a SWOT Matrix?

Accepted Answer

A)  Two
B)  Four
C)  Six
D)  Eight
E)  NineF) C) and D)
G) A) and B)

Question 15

In a Boston Consulting Group (BCG)Matrix,all divisions are classified as either Question Marks,Stars,Cash Cows,or Dogs.Define each of these terms.

Accepted Answer

Question Marks have a low relative marke...

Question 16

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Accepted Answer

A) True 
 B)False

Question 17

Which matrix is included in the decision stage of the strategy formulation framework?

Accepted Answer

A)  Internal Factor Evaluation (IF
E)  Matrix
B)  Quantitative Strategic Planning Matrix (QSPM) 
C)  Boston Consulting Group (BCG) Matrix
D)  Grand Strategy Matrix
E)  Strategic Position and Action Evaluation (SPAC
E)  MatrixF) None of the above
G) A) and D)

Question 18

Which stage of the strategy-formulation framework includes the IFE Matrix?

Accepted Answer

A)  Input stage
B)  Analysis stage
C)  Matching stage
D)  Decision stage
E)  Output stageF) D) and E)
G) C) and E)

Question 19

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2,+3) ?

Accepted Answer

A)  Aggressive
B)  Conservative
C)  Competitive
D)  Defensive
E)  IntegrativeF) C) and D)
G) B) and C)

Question 20

Both the Internal-External (IE)and Boston Consulting Group (BCG)Matrices are called portfolio matrices.

Accepted Answer

A) True 
 B)False

Exam 8: Strategy Generation and Selection

The most important determinants of an organization's overall strategic position are considered to be the two internal dimensions,financial position (FP)and competitive position (CP),and the two external dimensions,industry position (IP)and stability position (SP).

Correct AnswerverifiedShow Answer

Which strategies are defensive tactics directed at reducing internal weaknesses and avoiding external threats?

Correct AnswerverifiedShow Answer

Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile Matrix?

Correct AnswerverifiedShow Answer

Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.

Correct AnswerverifiedShow Answer

An organization's present strategies,objectives,vision,and mission,coupled with the external and internal audit information,provide a basis for

Correct AnswerverifiedShow Answer

How many cells are in a SWOT Matrix?

Correct AnswerverifiedShow Answer

In a Boston Consulting Group (BCG)Matrix,all divisions are classified as either Question Marks,Stars,Cash Cows,or Dogs.Define each of these terms.

Correct AnswerverifiedQuestion Marks have a low relative marke...View AnswerShow Answer

The BCG Matrix does not reflect whether or not various divisions or their industries are growing over time.

Correct AnswerverifiedShow Answer

When completing the matching stage of the strategy-formulation framework,the SWOT Matrix needs to be completed before the SPACE Matrix.

Correct AnswerverifiedShow Answer

Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG)Matrix.

Correct AnswerverifiedShow Answer

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2,+3) ?

Correct AnswerverifiedShow Answer

What is the highest number of strategies that can be examined at one time with the QSPM?

Correct AnswerverifiedShow Answer

In the SPACE analysis,what does a (+6,+3) strategy profile portray?

Correct AnswerverifiedShow Answer

Explain the benefits and limitations of developing a Boston Consulting Group (BCG)Matrix.

Correct AnswerverifiedThe major benefit of the BCG Matrix is t...View AnswerShow Answer

Which matrix is included in the decision stage of the strategy formulation framework?

Correct AnswerverifiedShow Answer

What are the two external dimensions of the SPACE Matrix?

Correct AnswerverifiedShow Answer

Both the Internal-External (IE)and Boston Consulting Group (BCG)Matrices are called portfolio matrices.

Correct AnswerverifiedShow Answer

The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1,+4).

Correct AnswerverifiedShow Answer

Successful strategists minimize their own political exposure on issues that are ________ and in circumstances where opposition from major power centers is likely.

Correct AnswerverifiedShow Answer

Which stage of the strategy-formulation framework includes the IFE Matrix?

Correct AnswerverifiedShow Answer

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Question Marks have a low relative marke...
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The major benefit of the BCG Matrix is t...
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