8/6/2020 Quiz 3: Attempt review

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/ Week 3-4: Designing a competitive business model and building a solid strategic plan / Quiz 3

Started on Thursday, 6 August 2020, 9:30 PM

State Finished
Completed on Thursday, 6 August 2020, 9:32 PM
Time taken 2 mins 50 secs
Grade 15.00 out of 15.00 (100%)

Question 1 Positive external factors the company can exploit to accomplish its mission, goals, and objectives.
Correct

Mark 1.00 out of Select one:

1.00
opportunities 

strengths

threats

weaknesses

Your answer is correct.

The correct answer is: opportunities

Question 2 The practice of gathering,  organizing, and disseminating the  collective wisdom and experience  of a
Correct company’s employees for the  purpose of strengthening its  competitive position.
Mark 1.00 out of
1.00 Select one:
goals

strategy

objectives

purpose 

Your answer is correct.

The correct answer is: purpose

Question 3 which of the following is/are Strategic Management Process?

Correct

Mark 1.00 out of Select one:

1.00
All of the above 

Develop a vision and translate it into a  mission statement.

Scan environment for opportunities and threats.

Assess strengths and weaknesses.

Your answer is correct.

The correct answer is: All of the above

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Question 4 It is a written expression of how  the company will reflect an entrepreneur’s  values, beliefs, and vision –
Correct more than just  “making money.”
Mark 1.00 out of
1.00 Select one:
vision

mission 

goal

objectives

Your answer is correct.

The correct answer is: mission

Question 5 A clearly defined vision __________ .

Correct

Mark 1.00 out of Select one:

1.00
Motivates people

Determines decisions

Provides direction

all of the above 

Your answer is correct.

The correct answer is: all of the above

Question 6 which of the following is/are Strategic Management Process?

Correct

Mark 1.00 out of Select one:

1.00
Create goals and objectives.

Identify key success factors.

All of the above 

Analyze competition.

Your answer is correct.

The correct answer is: All of the above

Question 7 which of the following is/are Strategic Management Process?

Correct

Mark 1.00 out of Select one:

1.00
Establish accurate controls.

Formulate strategies.

Translate plans into actions.

All of the above 

Your answer is correct.

The correct answer is: All of the above

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Question 8 It is the result of an entrepreneur’s dream of  something that does not exist yet and the ability  to paint
Correct a compelling picture of that dream for  everyone to see.
Mark 1.00 out of
1.00 Select one:
goal

vision 

objectives

mission

Your answer is correct.

The correct answer is: vision

Question 9 Negative external factors that inhibit the firm's ability  to accomplish its mission, goals, and objectives.
Correct

Mark 1.00 out of Select one:

1.00
threats 

opportunities

strengths

weaknesses

Your answer is correct.

The correct answer is: threats

Question 10 It is a road map of the actions an entrepreneur  draws up to achieve a company’s mission, goals, and 
Correct objectives.
Mark 1.00 out of
1.00 Select one:
purpose

strategy 

objectives

goals

Your answer is correct.

The correct answer is: strategy

Question 11 Negative internal factors that inhibit a  company’s ability to accomplish its mission,  goals, and
Correct objectives.
Mark 1.00 out of
1.00 Select one:
strengths

vision

weaknesses 

mission

Your answer is correct.

The correct answer is: weaknesses

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Question 12 The aggregation of factors that sets a company  apart from its competitors and gives it a unique 
Correct position in the market that is superior to its  competition.
Mark 1.00 out of
1.00 Select one:
franchise

strategic plan

strategic management

competitive advantage 

Your answer is correct.

The correct answer is: competitive advantage

Question 13 It involves developing a game plan to guide a  company as it strives to accomplish its  mission, goals ,
Correct and objectives, and to keep it  on its desired course.
Mark 1.00 out of
1.00 Select one:
strategic management 

franchise

competitive advantage

strategic plan

Your answer is correct.

The correct answer is: strategic management

Question 14 Positive internal factors a company can draw on to accomplish its mission, goals, and objectives.
Correct

Mark 1.00 out of Select one:

1.00
vision

weaknesses

mission

strengths 

Your answer is correct.

The correct answer is: strengths

Question 15 which of the following is/are aspects of a small company?

Correct

Mark 1.00 out of Select one:

1.00
All of the above 

Products they sell

Service they provide

Pricing they offer

Your answer is correct.

The correct answer is: All of the above

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8/6/2020 Quiz 3: Attempt review

◄ Designine a Competitive Business

Jump to... Preliminary Examination ►
Model

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