1) Strategic planning sometimes refers to strategy formulation. * True False 2) Intuition is based on past experiences and certainty. * True False 3) A firm evaluating the appropriateness of its business and the latest technological tools is considered as a firm adapting to change. * True False 4) CEO, president, and owner of a firm are also known as strategists. * True False 5) In order to evaluate internal and external factors, some parameters such as numbers, percentages, ratios, and quantification should be used. * True False 6) Policies refer to the means through which strategies will be attained. * True False
1) Strategic planning sometimes refers to strategy formulation. * True False 2) Intuition is based on past experiences and certainty. * True False 3) A firm evaluating the appropriateness of its business and the latest technological tools is considered as a firm adapting to change. * True False 4) CEO, president, and owner of a firm are also known as strategists. * True False 5) In order to evaluate internal and external factors, some parameters such as numbers, percentages, ratios, and quantification should be used. * True False 6) Policies refer to the means through which strategies will be attained. * True False
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
1) Strategic planning sometimes refers to strategy formulation. *
True
False
2) Intuition is based on past experiences and certainty. *
True
False
3) A firm evaluating the appropriateness of its business and the latest technological tools is considered as a firm adapting to change. *
True
False
4) CEO, president, and owner of a firm are also known as strategists. *
True
False
5) In order to evaluate internal and external factors, some parameters such as numbers, percentages, ratios, and quantification should be used. *
True
False
6) Policies refer to the means through which strategies will be attained. *
True
False
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