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1. What is the last step in strategic planning? Choose 1 answer
A) Strategic control
B) Strategy formulation
C) SWOT analysis
D) Goal setting
2. Why might a company choose to adopt an organic structure instead of a mechanistic structure? Choose 1 answer
A) It is more stable than a bureaucracy.
B) It is less rigid and emphasizes flexibility.
C) It is efficient and controlled in a stable environment.
D) It has formal lines of authority.
3. Which employee selection instrument would be most appropriate when trying to determine how well an individual can participate in a variety of physical job requirements? Choose 1 answer
A) Personality ambitions test
B) Performance test
C) Cognitive ability test
D) Integrity test
4. What is the activity called when a corporate project team is created to develop a new product? Choose 1 answer
A) Venture capitalism
B) Benchmarking
C) Competitive innovation
D) Intrapreneurship
5. What is the main focus of SWOT analysis? Choose 1 answer
A) Developing a business's mission and vision statements
B) Uncovering an organization's strengths and weaknesses
C) Establishing a factory's production rate and quality standards
D) Determining a company's corporate structure and management style
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |
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