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The strategy where more product is pushed into existing markets is


A) Penetration
B) Vertical or horizontal integration
C) Market development
D) Product development
E) Enhancement

F) A) and D)
G) C) and D)

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A

A strong organization operating in a threatening environment would be in the


A) Future quadrant of the SWOT diagram
B) Internal fix-it quadrant of the SWOT diagram
C) External fix-it quadrant of the SWOT diagram
D) Survival quadrant of the SWOT diagram

E) B) and D)
F) C) and D)

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The phase of strategic management that addresses issues and challenges the organization is facing is


A) Data collection
B) Analysis
C) Strategy formulation and selection
D) Implementation

E) C) and D)
F) A) and B)

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Which of the following is an inappropriate strategy for an organization operating in the Future quadrant of the SWOT diagram?


A) Penetration
B) Vertical or horizontal integration
C) Market or product development
D) Harvesting
E) Related diversification

F) None of the above
G) B) and E)

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D

Which of the following is an inappropriate strategy for an organization operating in the Survival quadrant of the SWOT diagram?


A) Liquidation
B) Divestiture
C) Market or product development
D) Harvesting
E) Retrenchment

F) B) and C)
G) A) and C)

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Achieving sustainable growth requires


A) The change in assets to equal or exceed the change in revenue
B) The change in assets to equal or exceed the change in expenses
C) The change in assets to equal or exceed the change in equity
D) The change in revenue to equal or exceed the change in expenses
E) The change in revenue to equal or exceed the change in output

F) B) and C)
G) A) and E)

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Internal analysis is


A) The process of identifying and evaluating an organization's key strengths and weaknesses
B) The process of identifying the set of activities and resources an organization uses to deliver a product to customers
C) The process of identifying the things an organization does better than its rivals that are valued by customers
D) The process of identifying and evaluating the opportunities and threats in an organization's operating environment

E) All of the above
F) B) and C)

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A

When organizational strategy is built around expansion through acquiring other organizations, the role of finance in formulating and implementing strategy revolves around


A) Defining where funds will come from to complete expected transactions
B) Ensuring the organization does not pay more than necessary for the acquisition
C) Identifying areas for improvement
D) Identifying where new investments should be minimized, reduced, or eliminated

E) B) and C)
F) C) and D)

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External analysis involves assessing the general environment, the healthcare industry, the organization, and the specific product and services delivered. At the organizational level, analysis focuses on identifying


A) Factors that will have a disproportionate impact on the healthcare industry
B) Factors that impact the entire society
C) Factors that impact the market where the organization operates
D) Factors that affect the demand and cost of individual products

E) C) and D)
F) B) and C)

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Sustainable growth is the maximum rate of growth in assets an organization can maintain without increasing


A) The total asset turnover ratio
B) The debt to equity ratio
C) The times interest earned ratio
D) The average payment period

E) A) and B)
F) A) and C)

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Strategy formulation and selection deals with


A) What the organization is facing
B) Examining data and determining what it means
C) Examining data and determining how it affects what the organization should do
D) Keeping an organization on track after direction has been set

E) All of the above
F) None of the above

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