Mg-495 Midterm Exam Student's Answer Sheet

MG-495 Midterm Exam Student's Answer Sheet

Each Multiple Choice Question is worth 3 points. Please place the letter that corresponds with your answer(a, b, c, d, or e) in the appropriate box below.

1. B. 14. B

2. A. 15. A

3. A 16. B

4. A 17. B

5. C 18. A

6. E 19. E

7. B 20. D

8. A 21. B

9. B 22. C

10. A 23. C.

11. A. 24. C

12. A 25. B.

13. C . .

Each Short Answer/Essay Question is worth 8 points. (Feel free to use as much space as you need to answer these five (5) questions.)

The four basic elements of strategic management include Basic Financial Planning which seeks to improve operational control by meeting budgets. Forecast based planning which seeks effective planning for growth by predicting the future beyond next year. Externally oriented planning which seeks to increase responsiveness to markets and competition by thinking strategically. Finally Strategic Management where a competitive advantage is attempted as well as a successful future by managing all resources.