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Question 1
Question
What is the cornerstone of effective strategy evaluation?
Answer
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Adequate and timely feedback
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Quality and quantity of managers
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Smaller ratio of top- to lower-level management
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Evaluation preceding implementation stage
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Punitive corrective actions
Question 2
Question
If success for one organizational department means failure for another department, then
Answer
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synergistic
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advantageous
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trendy
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feasible
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inconsistent
Question 3
Question
All of the following are reasons strategy evaluation is more difficult today EXCEPT
Answer
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a dramatic increase in the environment's complexity.
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the increasing number of variables.
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the increase in the number of both domestic and world events affecting organizations
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the increasing time span for which planning can be done with any degree of certainty.
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the rapid rate of obsolescence of even the best plans.
Question 4
Question
Strategy-evaluation activities should ideally be performed
Answer
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just on a periodic basis.
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only at the onset of a problem.
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on a continuous basis
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solely upon completion of major projects.
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annually only.
Question 5
Question
Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.
Answer
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unnecessary
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needed
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undesirable
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prohibitively expensive
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futile
Question 6
Question
Which of the following is NOT included in measuring organizational performance?
Answer
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Comparing results to competitors' expectations
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Examining progress being made toward meeting stated objectives
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Investigating deviations from plans
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Evaluating individual performance
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Comparing expected results to actual results
Question 7
Question
Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
Answer
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overall business standards
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projected goals.
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the performance of suppliers
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non-financial ratios
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the performance of competitors.
Question 8
Question
Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?
Answer
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Participation
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Command-and-control
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Laissez-faire system
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Rational argument
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Emotional reactions
Question 9
Question
________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.
Answer
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Agile
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Scenario
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Evaluation
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Contingency
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Forecast
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