Question: 1.Strategy formulation, implementation and evaluation activities occur at three hierarchical levels in a large organization: corporate, structural and functional. True False 2. A systematic and

1.Strategy formulation, implementation and evaluation activities occur at three hierarchical levels in a large organization: corporate, structural and functional. True False

2. A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called A) unethical business practice. B) artificial intelligence. C) competitive intelligence. D) industrial espionage. E) competitive advantage.

3. ____ is a commonly used approach to determine R&D budget allocations. A) Financing as many project proposals as possible B) Using the percentage of sales method C) Budgeting for R&D about what competitors spend D) Deciding how many successful new products are needed E) All of the above

4. the potential for creative growth in an organization can be limited by A) an overemphasis on stakeholders. B) not enough emphasis on stakeholders. C) a mission statement that is too confined. D) a mission statement that is too general. E) a mission statement that is too dynamic.

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