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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8/6/2020 Quiz 3: Attempt review
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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8/6/2020 Quiz 3: Attempt review
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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8/6/2020 Quiz 3: Attempt review
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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