Please answer all

II. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 30* 1=30

41) One of the fundamental strategy evaluation activities is reviewing the external and internal factors on which strategies are based.41) ______

42) Once an effective strategy is designed, modifications are rarely required.42) ______

43) According to Peter Drucker, answering the question "What is our business?" is the first responsibility of strategists.43) ______

44) Vision and mission statements can often be found in the front of annual reports.44) ______

45) A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.45) ______

46) Laser eye surgery would be considered a substitute product for eyeglasses and contact lenses. 46) ______

47) Organizational culture is not enduring.47) ______

48) Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.48) ______

49) A low-cost focus strategy can be especially attractive when the target market niche is small.49) ______

50) Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 50) ______

51) Because activities are organized according to the way work is actually performed, a divisional structure by process is similar to the matrix structure.51) ______

52) As a balance sheet entry, goodwill represents the favor a business has acquired through its environmentally conscious and socially responsible actions.52) ______

53) Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management. 53) ______

54) Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things.54) ______

55) Americans tend to hold back on the use of first names until well acquainted with foreigners with whom they have business dealings and the Japanese find this practice to be cold. 55) ______

56) Commitment and understanding may be the most important benefits of strategic management.56) ______

57) When a company has been successful, the question "What is our business?" becomes less important.57) ______

58) In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.58) ______

59) Test marketing is used more frequently by industrial companies than consumer goods companies.59) ______

60) The strategic-management process is just as vital for small companies as for large companies.60) ______

61) In a BCG Matrix the y-axis represents the industry growth rate.61) ______

62) A force change strategy is plagued by low commitment and high resistance.62) ______

63) EBIT is the same as net income. 63) ______

64) Many people consider it unethical for a firm to be socially

II. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 30* 1=30

41) One of the fundamental strategy evaluation activities is reviewing the external and internal factors on which strategies are based.41) ______

42) Once an effective strategy is designed, modifications are rarely required.42) ______

43) According to Peter Drucker, answering the question "What is our business?" is the first responsibility of strategists.43) ______

44) Vision and mission statements can often be found in the front of annual reports.44) ______

45) A total weighted score of 1.0 for an EFE Matrix indicates that the firm is responding in an outstanding way to existing opportunities and threats in its industry.45) ______

46) Laser eye surgery would be considered a substitute product for eyeglasses and contact lenses. 46) ______

47) Organizational culture is not enduring.47) ______

48) Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.48) ______

49) A low-cost focus strategy can be especially attractive when the target market niche is small.49) ______

50) Viewing every business as either a Star, Cash Cow, Dog, or Question Mark is an oversimplification. 50) ______

51) Because activities are organized according to the way work is actually performed, a divisional structure by process is similar to the matrix structure.51) ______

52) As a balance sheet entry, goodwill represents the favor a business has acquired through its environmentally conscious and socially responsible actions.52) ______

53) Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management. 53) ______

54) Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things.54) ______

55) Americans tend to hold back on the use of first names until well acquainted with foreigners with whom they have business dealings and the Japanese find this practice to be cold. 55) ______

56) Commitment and understanding may be the most important benefits of strategic management.56) ______

57) When a company has been successful, the question "What is our business?" becomes less important.57) ______

58) In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.58) ______

59) Test marketing is used more frequently by industrial companies than consumer goods companies.59) ______

60) The strategic-management process is just as vital for small companies as for large companies.60) ______

61) In a BCG Matrix the y-axis represents the industry growth rate.61) ______

62) A force change strategy is plagued by low commitment and high resistance.62) ______

63) EBIT is the same as net income. 63) ______

64) Many people consider it unethical for a firm to be socially irresponsible. 64) ______

65) As long as the price and quality of a firm's products and services are competitive on a local basis, it has nothing to worry about. 65) ______

66) By occasionally monitoring external events, companies should be able to identify when change is required.66) ______

67) The critiqued mission statement of Hershey included the distinctive competence component.67) ______

68) Corporate intelligence is the name for a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.68) ______

69) The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).69) ______

70) Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy. 70) ______ irresponsible. 64) ______

65) As long as the price and quality of a firm's products and services are competitive on a local basis, it has nothing to worry about. 65) ______

66) By occasionally monitoring external events, companies should be able to identify when change is required.66) ______

67) The critiqued mission statement of Hershey included the distinctive competence component.67) ______

68) Corporate intelligence is the name for a systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business's own goals.68) ______

69) The firm should pursue conservative strategies if the coordinates of a SPACE directional vector are (-1, +4).69) ______

70) Trying to achieve optimal results with an unpopular strategy is always better than achieving satisfactory results with a popular strategy. 70)_____