1. Caesar employed this important strategy to win in Gaul.

a. Know yourself and know your enemies.

b. Use deception to win.

c. The end justifies the means.

4. Divide and Conquer
5. If anything can go wrong, it invariably will.

2. In the Strategic Management Process the step after

Crafting a strategy is:

a. SWOT

b. implementation

c. evaluation and control

4. Outsourcing
5. Vertical integration

3. An example of a driving force is ________.

1. Capital assets
2. Technology
3. Vertical Integration
4. In-sourcing
5. A Key Success Factor

4. Friendly.com is a social networking site that seeks to connect everyone, everywhere, across languages and devices. This describes Friendlys:

a. Business objectives

2. Business model
3. Driving Forces
4. Mission
5. Key success factors

5. Which is an M-Form Strategy?

1. Expansion
2. Acquisition
3. Unrelated Diversification
4. Matrix
5. None of the above

6. Who stated that dreams together with action can change the world:

a. George Washington

b. Machiavelli

c. Hillary Clinton

d. Snoop Dogg

e. Joel Barker

7. Which does not belong in a good mission statement?

a. current business activities

b. where we are going c. who our customers are now

d. what we are

e. all belong in a good mission statement

8. What is Group Think?

1. A defensive strategy
2. an aggressive approach to group decision making
3. the entire group employs a similar decision making process
4. major cohesion in a group overrides rational thinking
5. none of the above

9. An example of a tactical action by a firm would be:

1. adding a new Strategic Business Unit
2. making an acquisition of a supplier
3. building a new plant
4. changing its accounts receivable policy from 30 to 45 days
5. None of the above apply

10. When selecting activities to outsource, firms should select activities that:

1. are nonstrategic and non-core capabilities
2. neutralize external threats
3. are critical to their success
4. capture and create value
5. are secondary activities

11. Staff executives such as CFOs, COOs,and CIOs in a corporation develop:

1. Corporate Strategies
2. Business Strategies
3. Functional Strategies
4. Operational Strategies
5. None of the above apply

12. Business units in the ______ quadrant of the BCG matrix

usually utilize most of the surpluses of cash.

1. Cash Cows
2. Question Marks
3. Dogs
4. Stars
5. None of the above apply

13. The following are all strategic objectives except:

1. Increase market share by 5%
2. Improve quality in the companys products
3. Increase gross profit margin by 5%
4. Improve servicing for all major products
5. All are important strategic objectives

14. The major risks of a second/late mover include:

a. the economy going sideways

b. other firms not being able to match the low cost

c. Missing out on branding the new product

d. getting stuck in the middle

e. none of the above apply

15. Who should you pose the Impossibility Question to in an organization?

1. The CEO
2. The entire C-Suite executives
3. All Division Presidents
4. The rank and file in the organization
5. As many people as possible in the organization