::: vuaskari.com ::: MGT603, Answers required with reference

Strategist is an individual who is involved in the strategic management process, thus may
be known as:
? Member board of director
? President
? Division manager
? All of the given options


All of the following statements are true about a firm's mission statement EXCEPT:
? A mission statement directly contributes positively to financial performance
? A mission statement does not directly contribute positively to financial performance
? A mission statement should not provide useful criteria for selecting among alternative strategies
? Primary reason to develop a mission statement is not to attract the customers


Which of the following is an example of a narrow mission?
► We sell packaged pineapples Not sure
► The firm deals in beverages
► Stationery is our product
► Company manufactures food items

While preparing an External Factor Evaluation Matrix, a total score of 0.8
indicates that:
► Firm is taking advantages of strengths and avoiding threats
► Firm is taking no advantage of opportunities and is avoiding threats
► Firm is not taking advantages of opportunities and is not avoiding threats
► Firm is taking advantage of opportunities and is avoiding the threats


Abdullah Group of Industries is involved in the sale of its marginal business. It is
most likely to say that Abdullah Group is implementing _____________________
strategy.
► Join venture
► Acquisition
► Liquidation
► Retrenchment


Mr. A assigns Mr. B a project to be completed till the end of the month and then
holds periodic meetings with him to review his progress. Which of the management
functions is Mr. A performing?
► Planning
► Leading
► Controlling
► Organizing

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