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Week 3 Knowledge Check

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

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

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
4.

Which of the following are included in the three elements of creativity:

A.

Domain skills

B.

Innate ability

C.

Rote memory

D.

Followership
5.

The four step creative process includes

A.

the statement process

B.

the stalemate process

C.

the incubation process

D.

the coverage process

6.

Which of the following is a domain skill?

A.

Expertise

B.

Reading for pleasure

C.

Athletic ability

D.

Emotional stability
7.

Barriers to applying creative thinking in business decision making include

A.

not listening to new ideas from front line managers

B.

brainstorming for creative ideas

C.

customer satisfaction surveys

D.

analyzing internal strengths and weaknesses

8.

The mission statement of an organization

A.

is a collection of goals set by the operations department

B.

is a clear and concise expression of the basic purpose of the organization

C.

is a statement of customer rights

D.

is a summary of the SWOT analysis

9.

The intangible assets of an organization include

A.

the companys reputation

B.

the companys cash position

C.

the companys buildings

D.

the companys production facilities

10.

Which of the following is a step in the strategy implementation process?

A.

Perform a SWOT analysis.

B.

Assign resources.

C.

Assess competition.

D.

Define strategic tasks

11.

Analysis of the external opportunities includes

A.

a labor union relations analysis

B.

a political and regulatory analysis

C.

a chain of command analysis

D.

delegation of authority

12.

A technique for assessing the organization's internal and external

environments in order to formulate strategy is called a

A.

functional strategy

B.

benchmarking strategy

C.

SWOT analysis

D.

BCG matrix