831. “To improve economic strength of society and function as a good corporate citizen on a local, state, and national basis in all countries in which we do business”. This is a mission statement that contains:
A. Self-concept
B. Economic concern
C. Products or Services
D. Concern for Public Image

832. Strategic-management audit is known as:
A. Environmental scanning
B. Strategy formulation
C. Strategy control
D. Strategy evaluation

833. Forecasting tools can be broadly categorized into two groups. Those are:
A. Qualitative, Operational
B. Quantitative, Operational
C. Qualitative, Quantitative
D. Regression and time series analysis

834. ____________ identifies a firm’s major competitors and their particular strengths and weaknesses in relation to a sample firm’s strategic position.
A. Competitive Profile Matrix
B. External Factor Evaluation matrix
C. Internal Factor Evaluation Matrix
D. Boston consulting group matrix

835. Organizing means an identifiable group of people contributing their efforts towards the attainment of same goal. It is important at the time of:
A. Environmental scanning
B. Strategy formulation
C. Strategy Implementation
D. Strategy evaluation

836. In a turbulent and competitive free enterprise environment, a firm will succeed only if it takes a.(n) _____________ stance towards change.
A. Reactive
B. Proactive
C. Anti-regulatory or anti-government
D. Vision and not mission

837. Which statement best describes intuition?
A. It represents the marginal factor in decision-making.
B. It represents a minor factor in decision-making integrated with analysis.
C. It should be coupled with analysis in decision-making.
D. It is better than analysis in decision-making.
E. It is management by ignorance.

838. What are the means by which long-term objectives will be achieved?
A. Strategies.
B. Strengths.
C. Weaknesses.
D. Policies.
E. Opportunities.

839. When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
A. economic
B. political
C. technological
D. competitive
E. Multinational

840. Typically how many strategic decision levels are in the corporate decision-making hierarchy?
A. 3
B. 4
C. could be more than 5
D. 2

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