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MGT603 Solved MCQs from Book by Fred (chap 9)

________ refers to the need for strategists to examine sets of trends as well as individual trends in evaluation strategies.
Consistency
Consonance
Feasibility
Advantage

 Strategy evaluation includes all of the following basic activities, EXCEPT: 
Examining the underlying bases of a firm's strategy.
Comparing expected results with actual results.
Comparing results of competitors' strategies.
Taking corrective actions to ensure that performance conforms to plans.

 
The purpose of strategy evaluation is to:
improve R&D programs.
evaluate employees' performance.
make budget changes.
alert management to problems or potential problems.

 ______ require a more elaborate and detailed strategy evaluation system.
Small organizations
Functional structures
Large organizations
Divisional structures
 
A revised _________ matrix should indicate how effective a firm's strategies have been in response to key opportunities and threats.
     
IFE
grand strategy
SPACE
EFE
_______ should place an organization in a better position to capitalize upon internal strengths; to take advantage of key external opportunities; to avoid, reduce, or mitigate external threats; and to improve internal weaknesses.      
Corrective actions
Strategy structure
Strategic circle
Layoffs

Which of these is not a key financial ratio?         
Market share
Production quality
Earnings per share
Asset growth  

Which of the following is not a qualitative question that is useful in strategy evaluation?           
How much has our market share grown?
Is the strategy internally consistent?
Is the strategy appropriate in view of available resources?
Is the strategy consistent with the environment?

The Balanced Scorecard approach to strategy evaluation aims to:         
emphasize long-term concerns.
balance the financial concerns.
emphasize nonfinancial concerns.
balance internal with external concerns.

_______ can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.
         
Strategy formulation
Contingency plans
Long-term plans
Strategy implementation 

Advantage, in Rumelt's criteria for evaluating strategies, means a strategy must neither overtax available resources nor create unsolvable subproblems. 
 True
 False         

Alternative strategies not selected for implementation should be discarded, as they have a tendency to contaminate the contingency plans.
  True
 False 

And IFE Matrix should indicate how effective a firm's strategies have been in response to key opportunities and threats.
True
False 

The end of the fiscal year is the best time of the year to do strategy evaluation.
True
False 

Criteria that predict results may be more important than those that reveal what already has happened. 
 True
 False

Strategy evaluation, to be effective, should be based on quantitative criteria only. 
 True
 False

Instituting an environmental audit can include moving environmental affairs from the staff side of the organization to the line side.
 True
 False

Auditor-employees within an organization are responsible for safeguarding company assets, assessing the efficiency of company operations, and ensuring that generally accepted business procedures are practiced.
 True
 False         

Proponents of the top-down approach contend that top executives are the only persons in the firm with the collective experience, acumen, and fiduciary responsibility to make key strategy decisions.
 True
 False 

Strategy evaluation is becoming easier with the passage of time.
True
False