Element of the strategic management process

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Reference no: EM132227349

1. Which of the following is NOT an element of the Strategic Management Process:

A) Functional Strategy

B) Environmental Scanning

C) Strategy Formulation

D) Strategy Implementation

2. The main responsibility of the Board of Directors is to:

A) Approve salary levels for the CEO, President, and other Senior Managers

B) Grant stock options to key employees

C) Approve all capital appropriation expenditures

D) Set corporate strategy, overall direction, mission or vision

3. The Board of Directors (BOD) carries out 3 main tasks in an organization. Which one below is not a task of the BOD?

A) Delineate a corporation’s mission and specify strategic options to its management

B) Monitor, evaluate and disseminate, information from the external and internal environments to key people within the corporation

C) Evaluate and influence management’s proposals, decisions and actions

D) Monitor through its committees developments that have a direct influence on the corporation

4. The primary and most important role of the CEO in an organization is:

A) Articulate a strategic vision for the corporation

B) Identify ways to reduce expenditures to maximize ROI

C) Communicate the corporations role with respect to ethics and social responsibility

D) Lead and direct the activities of the Board of Directors

5. When measuring “value” in an organization we consider both “tangible” and “intangible” elements. Which of the following is a good example of “intangible value”:

A) Physical Assets

B) Cash

C) Human Capital

D) Retirement Fund

Reference no: EM132227349

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