Multiple choice

1. The final list of strategic issues should match elements in the strategic-alternative bundles. 

a. True 

b. False 

2. Which of the following is not a company weakness? 

a. Declining manufacturing quality

b. Internal operating problems and inefficiencies

c. Competitors selling at lower prices

d. Obsolete facilities

e. Long cycle time to get the product out

3. Which one is not a profitability ratio? 

a. NPM

b. ROI

c. ACP

d. ROE

e. GPM

4. Many companies don’t go to the trouble of creating viable options before deciding on a strategy. Which of the following reasons for not doing so is real? 

a. Takes too long—we’re in a hurry

b. It doesn’t guarantee the “right” answer

c. There is no top-management commitment

d. People don’t know how

e. The focus is always short-term