Week 3 Knowledge Check Study Guide
Week 3 Knowledge Check Study Guide
Concepts
Mastery
Alternative Goals and
Questions
100%
1
100%
2
100%
3
The creative process
100%
4
Domain Skills
100%
6
Strategic planning
100%
7
100%
8
100%
9
Plans
Goals
SWOT Analysis and
Strategy Formulation
Establishment of Mission,
Vision, and Goals
Core Competencies
Step 5: Strategy
5
Score: 11 / 12
Implementation
10
Analysis of External
Opportunities
Corporate Strategy
100%
11
0%
12
Concept: Alternative Goals and Plans
Mastery
100%
Questions
1
1.
Step 2 of the planning process is the generation of alternative plans that may be used to achieve goals. The generation of new ideas may emerge
A.
only if the person is thinking about the situation
B.
while the person is doing something else
C.
only in a group discussion
D.
only while asleep
Correct:
The Correct Answer is: B.
“New ideas often emerge while the person is busy doing something unrelated to the investigation” (Kuratko, Goldsby, & Hornsby, 2012, p. 63).
Concept: Goals
Mastery
100%
Questions
2
2.
To be effective, goals should have certain qualities, which are easy to remember with the acronym SMART. Which of the following qualities are included in the SMART acronym?
A.
Authentic
B.
Market
C.
Specific
D.
Trends
Correct:
The Correct Answer is: C.
“Goals are the targets or ends the manager wants to reach. To be effective, goals should have certain qualities, which are easy to remember with the acronym
SMART:” specific, measurable, attainable, relevant, and time-based. The S in the
Smart acronym stands for Specific, meaning the goals are precise (Bateman &
Snell, 2012, p. 130).
Concept: SWOT Analysis and Strategy Formulation
Mastery
100%
Questions
3
3.
Managers analyzing the external environment and the internal resources use a SWOT analysis. Which of the following matches a term in the SWOT acronym?
A.
Timing
B.
Stress
C.
Opportunities
D.
Work plan
Correct:
The Correct Answer is: C.
The SWOT
Concepts
Mastery
Alternative Goals and
Questions
100%
1
100%
2
100%
3
The creative process
100%
4
Domain Skills
100%
6
Strategic planning
100%
7
100%
8
100%
9
Plans
Goals
SWOT Analysis and
Strategy Formulation
Establishment of Mission,
Vision, and Goals
Core Competencies
Step 5: Strategy
5
Score: 11 / 12
Implementation
10
Analysis of External
Opportunities
Corporate Strategy
100%
11
0%
12
Concept: Alternative Goals and Plans
Mastery
100%
Questions
1
1.
Step 2 of the planning process is the generation of alternative plans that may be used to achieve goals. The generation of new ideas may emerge
A.
only if the person is thinking about the situation
B.
while the person is doing something else
C.
only in a group discussion
D.
only while asleep
Correct:
The Correct Answer is: B.
“New ideas often emerge while the person is busy doing something unrelated to the investigation” (Kuratko, Goldsby, & Hornsby, 2012, p. 63).
Concept: Goals
Mastery
100%
Questions
2
2.
To be effective, goals should have certain qualities, which are easy to remember with the acronym SMART. Which of the following qualities are included in the SMART acronym?
A.
Authentic
B.
Market
C.
Specific
D.
Trends
Correct:
The Correct Answer is: C.
“Goals are the targets or ends the manager wants to reach. To be effective, goals should have certain qualities, which are easy to remember with the acronym
SMART:” specific, measurable, attainable, relevant, and time-based. The S in the
Smart acronym stands for Specific, meaning the goals are precise (Bateman &
Snell, 2012, p. 130).
Concept: SWOT Analysis and Strategy Formulation
Mastery
100%
Questions
3
3.
Managers analyzing the external environment and the internal resources use a SWOT analysis. Which of the following matches a term in the SWOT acronym?
A.
Timing
B.
Stress
C.
Opportunities
D.
Work plan
Correct:
The Correct Answer is: C.
The SWOT