Question text

Given a planning period, who does a planning time period of two to five years apply to?

Select one:

a.

Top-level management

b.

All levels of management

c.

Lower-level management

d.

General management

e.

Middle-level management

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Question 12

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A vision statement explains the scope of a firm's operations in product and market terms.

Select one:

True

False

Question 13

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Opportunities are an organisation's distinctive competencies that cannot be easily matched or imitated by competitors.

Select one:

True

False

Question 14

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An company's strengths that cannot be easily matched or imitated by competitors are called

Select one:

a.

special properties.

b.

internal properties.

c.

distinctive competencies.

d.

external audits.

e.

internal audits.

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Question 15

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A company's general environment consists of broad trends in the context within which it operates that can have an impact on strategic choices.

Select one:

True

False

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The lingering high unemployment rate in Belize is an example of a(n) ________ force affecting business.

Select one:

a.

economic

b.

cultural

c.

technological

d.

social

e.

historical

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Look at UB's mission" The University of Belize is a national, autonomous and multi-location institution committed to excellence in higher education, research and service for national development. As a catalyst of change it provides relevant, affordable and accessible educational and training programs that address national needs based on principles of academic freedom, equity, transparency, merit and accountability. Which aspect of this mission speaks to the component of Markets and why?