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1. | The four key attributes of strategic management include the idea that 

A.  | strategy must be directed toward overall organizational goals and objectives. |

B.  | strategy must be focused on long-term objectives. |

C.  | strategy must be focused on one specific area of an organization. |

D.  | strategy must focus on competitor strengths. |

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2. | The four key attributes of strategic management include all of the following except 

A.  | including multiple stakeholder interests in decision making. |

B.  | incorporating both short-term and long-term perspectives. |

C.  | recognizing the trade-offs between effectiveness and efficiency. |

D.  | emphasis on the attainment of short-term objectives. |

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3. | Stakeholders are 

A.  | a new way to describe shareholders. |

B.  | individuals, groups, and organizations who have a stake in the success of the organization. |

C.  | creditors who hold a lien on the assets of the organization. |

D.  | attorneys and their clients who sue the organization. |

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4. | "Effectiveness" is often defined as 

A.  | doing things right. |

B.  | stakeholder satisfaction. |

C.  | doing the right thing. |

D.  | productivity enhancement. |

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5. | According to Henry Mintzberg, the realized strategies of a firm 

A.  | are a combination of deliberate and emergent strategies. |

B.  | are a combination of deliberate and differentiation strategies. |

C.  | must be based on a company's strategic plan. |

D.  | must be kept confidential for competitive reasons. |

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6. | In order to increase their competitiveness, organizations must continually analyze their strategy and their competitive environments. According to the text, strategy analysis includes 

A.  | assessing intellectual capital as well as analyzing the internal and external environment. |

B.  | formulating Internet and international-level strategy. |

C.  | strategic leadership and fostering entrepreneurship. |

D.  | strategy...