Chapter 2 Multiple Choice Questions And Answers 100% Verified A+ Guaranteed

Which of the following ARE common shortcomings of company vision statements? A. Too specific, too inflexible, and can't be achieved in five years. B. Unrealistic, unconventional, and un-businesslike. C. Too broad, vague or incomplete, bland/uninspiring, not distinctive, and too reliant on superlatives. D. Too broad, too narrow, and too risky. E. Not customer-driven, out of step with emerging technological trends, and too ambitious. {Ans: C}Which one of the following is NOT an accurate attribute of an organization's strategic vision? A. Providing a panoramic view of "where we are going". B. Outlining how the company intends to implement and execute its business model. C. Pointing an organization in a particular direction and charting a strategic path for it to follow. D. Helping mold an organization's character and identity. E. Describing the company's future product-market-customer-technology focus. {Ans: B}Which one of the following is NOT among the chief duties/responsibilities of a company's board of directors insofar as the strategy-making, strategy-executing process is concerned? A. Hiring and firing senior-level executives and working with the company's chief strategic planning officer to improve the company's strategy when performance comes up short of expectations. B. Being inquiring critics and exercising strong oversight over the company's