Chapter 1
Chapter 1
Chapter 1
Multiple Choice
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External audit
External audit
Allocating resources
Internal audit
Evaluating strategies
Annually
Quarterly
Monthly
Continuously
5. Who is most responsible for developing, communicating, and enforcing the code of
business ethics for a firm?
Strategists
Line managers
Staff managers
All managers
conducting research.
measuring performance.
Divisional
8. Conducting research, integrating intuition with analysis, and making decisions are all
__________ activities.
strategy-formulation
strategy-implementation
long-range planning
short-range planning
government
competitors
12. __________ are the means by which long-term objectives will be achieved
Mission statements
Strategies
Vision statements
Long-term goals
complacent
proactive
authoritarian
reactive
Profit
Commitment
Understanding
Order
15. __________ is one of the reasons for poor or no strategic planning in organizations.
Fear of success
Low expense
Self-interest
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