{"id":115585,"date":"2023-08-24T12:34:07","date_gmt":"2023-08-24T12:34:07","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=115585"},"modified":"2023-08-24T12:34:09","modified_gmt":"2023-08-24T12:34:09","slug":"test-bank-for-strategic-management-theory-and-practice-4th-edition-parnell-all-chapters-1-12-full-complete-2023","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/24\/test-bank-for-strategic-management-theory-and-practice-4th-edition-parnell-all-chapters-1-12-full-complete-2023\/","title":{"rendered":"Test Bank for Strategic Management Theory and Practice 4th Edition Parnell \/ All Chapters 1 – 12 \/ Full Complete 2023"},"content":{"rendered":"\n

Parnell, Strategic Management: Theory and Practice 4e
I
Strategic Management Theory and Practice 4th Edition Parnell
Test Bank
Chapter 1: Fundamentals of Strategic Management<\/p>\n\n\n\n

    \n
  1. The term strategy refers primarily to activities at the top level of the organization.
    *a. True
    b. False<\/li>\n\n\n\n
  2. Managers who are too busy to engage in strategic planning should wait until they have more
    free time in their schedules.
    a. True
    *b. False<\/li>\n\n\n\n
  3. According to the strategic management model,strategic control occurs before strategy
    formulation.
    a. True
    *b. False<\/li>\n\n\n\n
  4. An effective strategy is built on the foundation of the organization\u2019s comparative advantage, the
    mechanism whereby the organization seeks to earn a profit by selling its goods.
    a. True
    *b. False<\/li>\n\n\n\n
  5. Identifying a firm\u2019s business model is rarely difficult in general terms, but can become more
    complex when intricate details are considered.
    *a. True
    b. False<\/li>\n<\/ol>\n\n\n\n

    Parnell, Strategic Management: Theory and Practice 4e
    I<\/p>\n\n\n\n

      \n
    1. The gap between intended and realized strategies usually results from middle management
      ineffectiveness.
      a. True
      *b. False<\/li>\n\n\n\n
    2. Moststrategic managementscholars have endorsed an \u201cartistic\u201d perspective on strategy
      formulation.
      a. True
      *b. False<\/li>\n\n\n\n
    3. The industrial organization perspective on firm performance emphasizesthe fit between the firm
      and its environment.
      a. True
      *b. False<\/li>\n\n\n\n
    4. Resource-based theory primarily focuses on individual firms rather than the competitive
      environment.
      *a. True
      b. False<\/li>\n\n\n\n
    5. A firm\u2019s ability to enjoy strategic benefits over an extended period of time is known as strategic
      positioning.
      a. True
      *b. False<\/li>\n\n\n\n
    6. The contingency theory perspective on firm performance emphasizesthe structure of the
      industry.
      a. True<\/li>\n<\/ol>\n\n\n\n

      Parnell, Strategic Management: Theory and Practice 4e
      I
      *b. False<\/p>\n\n\n\n

        \n
      1. Both industrial organization theory and resource-based theory are incorporated into the case
        analysis process.
        *a. True
        b. False<\/li>\n\n\n\n
      2. Corporate governance refersto the board of directors, institutional investors, and large
        shareholders known as blockholders who monitor firm strategies.
        *a. True
        b. False<\/li>\n\n\n\n
      3. Strategic decisions may be short-term or long-term in focus.
        a. True
        *b. False<\/li>\n\n\n\n
      4. The chief executive is held responsible for the effects ofstrategic decisions.
        *a. True
        b. False<\/li>\n\n\n\n
      5. The notion ofstrategy assumes
        a. that an organization has a plan.
        b. that an organization\u2019sstrategic managers understand the source of its competitive advantage.
        c. that the organization\u2019s members understand the reason for its existence.
        *d. All of the above.<\/li>\n<\/ol>\n\n\n\n

        Parnell, Strategic Management: Theory and Practice 4e
        I<\/p>\n\n\n\n

          \n
        1. The notion ofstrategy assumes
          a. that experts in strategic planning are employed by the organization.
          b. that managers have time to develop formal strategic plans.
          *c. that the organizational already has a plan.
          d. All of the above.<\/li>\n\n\n\n
        2. The concept ofstrategic management includes
          a. top management\u2019s analysis of the environment in which the organization operate
          b. the plan forstrategy execution
          c. strategic control efforts.
          *d. All of the above<\/li>\n\n\n\n
        3. Which of the following is not one of the steps in the strategic management process?
          a. Execute the strategy
          b. Control the strategy as necessary
          c. Conduct an internal analysis
          *d. All of the above are steps in the strategic management process.<\/li>\n\n\n\n
        4. The mechanism whereby the organization seeks to earn a profit by selling its goods is known as
          a. comparative advantage.
          b. competitive advantage.
          *c. the business model.
          d. none of the above<\/li>\n\n\n\n
        5. Which of the following is not a factor usually associated with an effective strategy?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

          Parnell, Strategic Management: Theory and Practice 4eIStrategic Management Theory and Practice 4th Edition ParnellTest BankChapter 1: Fundamentals of Strategic Management Parnell, Strategic Management: Theory and Practice 4eI Parnell, Strategic Management: Theory and Practice 4eI*b. False Parnell, Strategic Management: Theory and Practice 4eI<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-115585","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=115585"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115585\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=115585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=115585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=115585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}