Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.

a.

futile

b.

unnecessary

c.

prohibitively expensive

d.

undesirable

e.

needed

Cash Cows represent the organization's best long-run opportunities for growth and profitability.

a.

TRUE

b.

FALSE

What is a central strategy-implementation technique that allows an organization to examine the expected results of various actions and approaches?

a.

Projected financial statement analysis

b.

EPS/EBIT

c.

TOWS analysis

d.

Financial budgeting

A concern in matching managers with strategy is that jobs have relatively ________ responsibilities, while people are ________ in their development.

a.

quick; slow

b.

static; dynamic

c.

exciting; dull

d.

dynamic; static

Controlling is about taking corrective actions after you finish the assignments

a.

False

b.

True

Which of these is a limitation of QSPM?

a.

It is prohibitively expensive.

b.

It makes it more likely that key factors will be overlooked or weighted inappropriately.

c.

Only a few strategies can be evaluated at once.

d.

Strategies cannot be examined sequentially.

e.

It requires intuitive informed judgments.

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

a.

Controlling

b.

Organizing

c.

Planning

d.

Motivating

e.

Staffing

________ are quantitative criteria commonly used to evaluate strategies.

a.

Financial ratios

b.

Balanced Scorecards

c.

Present value strategic analyses

d.

Cash budgets

e.

Capital Asset Pricing Models

What has been shown to permit quick response to change, prevent panic in crisis situations, and make managers more adaptable?

a.

Balanced Scorecards

b.

Corrective actions

c.

Measuring performance

d.

Contingency plans

e.

Audits