Which is the best question to ask to start the strategic management process?

Which is the best question to ask to start the strategic management process?

(a) "What is our mission?"
(b) "How well are we currently doing?"
(c) "How can we get where we want to be?"
(d) "Why aren't we doing better?"





Answer: A

Among the financial ratios often used for control purposes, Current Assets/Current Liabilities is known as the ____________.

Among the financial ratios often used for control purposes, Current Assets/Current Liabilities is known as the ____________.

(a) debt ratio
(b) net margin
(c) current ratio
(d) inventory turnover ratio








Answer: C

In a CPM/PERT analysis, the focus is on ____________ and the event ____________ that link them together with the finished project.

In a CPM/PERT analysis, the focus is on ____________ and the event ____________ that link them together with the finished project.

(a) costs; budgets
(b) activities; sequences
(c) timetables; budgets
(d) goals; costs







Answer: B

In CPM/PERT, "CPM" stands for ____________.

In CPM/PERT, "CPM" stands for ____________.

(a) critical path method
(b) control planning management
(c) control plan map
(d) current planning matrix







Answer: A

When one team member advises another team member that "your behavior is crossing the line in terms of our expectations for workplace civility," she is exercising a form of ________ control over the other person's inappropriate behaviors.

When one team member advises another team member that "your behavior is crossing the line in terms of our expectations for workplace civility," she is exercising a form of ________ control over the other person's inappropriate behaviors.

(a) clan
(b) market
(c) internal
(d) preliminary








Answer: A

When a supervisor works alongside an employee and corrects him or her immediately when a mistake is made, this is an example of ____________ control.

When a supervisor works alongside an employee and corrects him or her immediately when a mistake is made, this is an example of ____________ control.

(a) feedforward
(b) external
(c) concurrent
(d) preliminary








Answer: C