9. The first activity in the strategy-evaluation process is toA) develop organizational goals.B) examine the underlying bases of a firm's strategy.C) compare expected results with actual results.D) examine the capital structure.B) take corrective actions to ensure that performance conforms to plans.10. In the BCG Matrix, a division with a high relative market share position in a low-grov industry can be described as aA) CatB) Cash CowC) Question MarkD) DogE) Stai11. Annual objectives are essential for strategy implementation for all of the following reEXCEPTA) they represent the basis for allocating resources.B) they are a primary mechanism for evaluating managers.C) they are essential for keeping a strategic plan on track.D) they establish organizational, divisional, and departmental priorities.E) they help improve organizational morale.12. What are the two external dimensions of the SPACE Matrix?A) Stability position and industry positionB) Stability position and competitive positC) Industry position and competitive positionD) Competitive position and financial posiE) Financial position and industry position13. Which is NOT a reason why preserving the environment should be a permanent part doing business?A) Public opinion demanding that firms conduct business in ways that preserve the natural environment has been weakening.B) Environmental advocacy groups now have over 20 million Americans as members.C) Federal and state environmental regulations are changing rapidly and becoming more comD) Liability suits and fines against firms having environmental problems are on the rise.E) Consumer demand for environmentally safe products and packages is high.14. All of the following are reasons strategy evaluation is more difficult today EXCEPTA) a dramatic increase in the environment's complexity.B) the increasing number of variables.C) the increase in the number of both domestic and world events affecting organizations.D) the increasing time span for which planning can be done with any degree of certainty.E) the rapid rate of obsolescence of even the best plans.15. Evaluating the worth of a firmA) is an exact science.B) requires both qualitative and quantitative skills.C) is based solely on financial facts.D) is known only to the firm's accountants.E) is static.2