Any decision that affects the company’s ability to complete, its position in the industry, or its viability as a going concern

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Question 1.A functional organizational design is most common among single-business companies.

  •   True
  • False

Question 2.Vision statements can be judged as good or not using which criterion?

  •   Conciseness
  •   Ability to inspire
  •   Memorability
  •   Achievability
  •   All of the above

Question 3.Finding a mentor is absolutely essential in developing oneself as a leader.

  •   True
  • False

Question 4.    To which type of culture does being innovative and entrepreneurial belong?

  •   Predatory
  •   Chaotic
  •   Service
  •   New Age
  •   Bureaucratic

Question 5.Which of the following comes closest to defining a mental model?

  •   Our image of something
  •   Our current understanding about something
  •   Something we put together from information we have gathered
  •   What others want us to think about something
  •   A computer model of our mind

Question 6.Which of the following is not a type of director in a firm’s board of directors?

  •   Outsiders
  •   Related outsiders
  •   Insiders
  •   Related insiders
  •   Independents

Question 7.Question :CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.

  •   True
  • False

Question 8.How is strategic planning different from a strategic analysis?

  •   Requires a lot of research about the external environment
  •   Requires buy-in and commitment from the participants
  •   Ends with short- and long-term recommendations
  •   Is designed to choose the best strategy for the company
  •   Entails making difficult choices

Question 9.What is strategic planning?

  • Any decision that affects the company’s ability to complete, its position in the industry, or its viability as a going concern
  • One person’s or one group’s attempt at arriving at a strategy
  • The process by which one develops a strategy to achieve certain purposes
  • How a company actually competes
  • The entire set of resulting experiences—at some price—that an organization causes its customers to have

Question 10.Once formed, a company’s culture is very hard to change.

  •   True
  •            False