Question

1. Jim’s manager and mentor, Naomi, helped Jim develop his first business plan. Naomi said, “Jim, one of the most powerful tools that you can use in developing a strategic plan for your division is to analyze the external environment and your internal resources. I will help you formulate this strategy by using a technique called

1. The BCG matrix
2. SWOT analysis
3. Benchmarking
4. Diversification
5. Vertical integration

1. An organization’s mission statement describes all of the following EXCEPT

1. The company’s basic purpose
2. What the organization does
3. Its basic good or service
4. Its morals
5. Its values

2. The strategic vision of an organization

1. Provides a perspective on where the organization is headed.
2. Describes the organization as it currently operates.
3. Can be expressed as a clear and concise expression of the organization’s basic purpose.
4. Is expressed as strictly a financial statement.
5. Emphasizes the short-term gains of the organization.

3. The tangible assets of an organization include

1. Patents.
2. Real estate.
3. Technical knowledge.
4. Learning and experience.

Answer 1

Answer 1- The correct option is B(SWOT analysis).

Answer 2- The correct option is D(Its morals).

Answer 3- A(Provides a perspective on where the organization is headed) is the correct option.

Answer 4- The correct option is B(Real estate).

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