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  • Test Bank for Concepts in Strategic Management and Business Policy, 12th Edition by Wheelen

Test Bank for Concepts in Strategic Management and Business Policy, 12th Edition by Wheelen

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Test Bank for Concepts in Strategic Management and Business Policy, 12th Edition by Wheelen

1) Strategic management is one decision that determines the short-term performance of a corporation. 

Answer: FALSE

Diff: 1 Page Ref: 5

Topic: The Study of Strategic Management 

2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels. 

Answer: FALSE

Diff: 2 Page Ref: 5

Topic: The Study of Strategic Management 

3) General Electric led the transition from strategic planning to strategic management during the 1980s. 

Answer: TRUE

Diff: 1 Page Ref: 6

Topic: The Study of Strategic Management 

4) One of the benefits of strategic management is a clearer sense of vision for the firm. 

Answer: TRUE

Diff: 2 Page Ref: 6

Topic: The Study of Strategic Management 

5) To be effective, strategic management must be a formal process. 

Answer: FALSE

Diff: 3 Page Ref: 7

Topic: The Study of Strategic Management 

6) Globalization is the internationalization of markets and corporations. 

Answer: TRUE

Diff: 1 Page Ref: 8

Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management

7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage. 

Answer: FALSE

Diff: 2 Page Ref: 8

Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management

8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment. 

Answer: TRUE

Diff: 2 Page Ref: 8

Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management AACSB: Ethical Reasoning

9) One member of the European Union (EU) is Chile. 

Answer: FALSE

Diff: 2 Page Ref: 9

Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management

10)The goal of NAFTA is complete economic integration. 

Answer: FALSE

Diff: 2 Page Ref: 9

Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management 

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  • Uploaded

    15 August 2025

  • Updated

    15 August 2025

  • Category

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  • Item Type

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    Test Bank Concepts in Strategic Management and Business Policy 12th Edition by Wheelen

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