Quiz No. 1 Strategic Management

Quiz No. 1 Strategic Management

Assessment

Assessment

Created by

Kristy Bastasa

Business

1st Grade - University

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20 questions

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1.

Multiple Choice

10 sec

1 pt

An EFE Matrix allows strategists to summarize external factors that might affect organization. EFE stands for ________?

External Forces Evaluation

External Factor Evaluation

2.

Multiple Choice

10 sec

1 pt

The CPM matrix identifies both the internal and external factors of an organization as the critical success factors. CPM stands for________?

Competitor Profile Matrix

Competitive Profile Matrix

3.

Multiple Choice

20 sec

1 pt

___________ is a declaration of attitude and outlook.

Vision

Mission

4.

Multiple Choice

20 sec

1 pt

A component of a mission statement which considers the basic beliefs, values, aspirations, and ethical priorities of the organization.

Concern for public image

Concern for employees

Philosophy

Customers

5.

Multiple Choice

20 sec

1 pt

The vision statement should be established first and foremost rather than a mission statement.

True

False

6.

Multiple Choice

20 sec

1 pt

A mission statement is sometimes called a creed statement.

True

False

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