solution
1.Dawn owns a small cheese shop that specializes in cheese that has been aged for five to seven years. The U.S. Surgeon General recently announced that consuming aged cheese can provide a wide variety of health benefits. In terms of a SWOT analysis, this would be considered a(n)____________for Dawn?
Select one:
a) Strength
b) Opportunity
c) Weakness
d) Threat
2.
Which of the following is NOT a characteristic of a good objective for an organization’s strategic plan?
Select one:
a) It is relevant
b) It is flexible
c) It is specific
d) It is measurable
e) It includes a definite time-frame
3.
Which of the following statements about an organization’s mission statement is TRUE?
Select one:
a) The mission statement should be specific enough to allow managers to determine whether or not a proposed strategy is appropriate for the organization.
b) The organization’s stakeholders should be aware of the mission statement.
c) A mission statement is frequently perceived as being inspirational
d) The mission statement should be vague enough to allow managers to respond to changes in customers or markets.
e) All of these statements are true.
Cakes For All, a large U.S. bakery retail chain, determines their budget using a bottom-up budget which…?
Select one:
a) is determined at the corporate level.
b) represents a strategic investment in marketing as opposed to other alternative investments.
c) is developed by the managers responsible for implementing the plan.
d) is the best approach to allocating resources.