https://libertyuniversity.instructure.com/courses/238641/quizzes/1516226?module_item_id= XXXXXXXXXX LOG IN: XXXXXXXXXX password: Chosenone07

Skip to Main Content
Quiz: Final
Due Aug 12 at 11:59pm Points 100 Questions 50
Time Limit 90 Minutes
Instructions
Attempt History
Attempt Time Score
LATEST Attempt 1 66 minutes 82 out of 100
 Co
ect answers are hidden.
Score for this quiz: 82 out of 100
Submitted Aug 5 at 12:51am
This attempt took 66 minutes.
The quiz:
Covers the Textbook material from Module 5: Week 5 – Module 7: Week 7.
Contains 50 true/false and �ll-in-the-blank questions.
Is limited to 90 minutes.
Allows 1 attempt.
Is worth 100 points.
Submit this assignment by 11:59 p.m. (ET) on Friday of Module 8: Week 8.
2 / 2 ptsQuestion 1
Strategic  objectives must contribute to the ability of business
to ful�ll its mission.
  True
  False
Online Residential Athletic Sign InRequest Info Apply Now Visit Us Create Guest Account
https:
libertyuniversity.instructure.com/courses/238641/quizzes/1516226/history?version=1
https:
www.liberty.edu
https:
www.liberty.edu/online
https:
www.liberty.edu/seminary
https:
www.liberty.edu/law
https:
www.liberty.edu/lucom
https:
www.liberty.edu/undergrad
https:
www.liberty.edu/online-academy
https:
www.liberty.edu
esidential/graduate
https:
www.lcabulldogs.com
https:
www.liberty.edu/wilmingtonschoolofthebible
https:
www.liberty.edu/militaryaffairsredirect
https:
www.liberty.edu/flames
https:
www.liberty.edu/flamesfootballpage
https:
www.liberty.edu/flamesbasketballmen
https:
www.liberty.edu/flamesbasketballwomen
https:
www.liberty.edu/campusrec/clubsports
https:
www.liberty.edu/campusrec
https:
www.liberty.edu/campusrec/intramural-sports
https:
www.liberty.edu
esidential/cfaw
https:
www.liberty.edu/commencement
https:
www.liberty.edu/campusrec/student-activities/concerts
https:
www.liberty.edu/homecomingredirect
https:
www.liberty.edu/onlinestudentlife
https:
www.liberty.edu/scaremare
https:
www.liberty.edu/journal
https:
www.liberty.edu/news
https:
www.myjourneyfm.com
https:
www.liberty.edu/the-light
https:
www.liberty.edu/libertychampionpracticum
https:
www.liberty.edu/orderayea
ook
http:
media2.liberty.edu
https:
www.liberty.edu/campusmaps
https:
www.liberty.edu/vote
egistration
https:
www.liberty.edu
https:
www.liberty.edu/online
https:
www.liberty.edu
esidential
https:
www.liberty.edu/athletics
https:
www.liberty.edu
equest-information/?page_placement=global_heade
https:
apply.liberty.edu/?page_placement=global_heade
https:
www.liberty.edu
esidential/visit-us/?page_placement=global_heade
https:
idp.liberty.edu/guest/fgB2BReg?page_placement=global_heade
2 / 2 ptsQuestion 2
Goals must focus on the process.
  True
  False
0 / 2 ptsQuestion 3Inco
ectInco
ect
Dreams and metacognition should  be  used  for  following  up 
the  strategies  to  be  developed  and  the  functional  plans to
e prepared under these strategies.
  True
  False
2 / 2 ptsQuestion 4
When the long-term strategy of a business is based on growth
through the acquisition of one or more similar businesses
operating at the same stage of the production market chain, its 
grand  strategy  is  called  ______________ integration.
horizontal
2 / 2 ptsQuestion 5
https:
www.liberty.edu
https:
www.liberty.edu/online
https:
www.liberty.edu/seminary
https:
www.liberty.edu/law
https:
www.liberty.edu/lucom
https:
www.liberty.edu/undergrad
https:
www.liberty.edu/online-academy
https:
www.liberty.edu
esidential/graduate
https:
www.lcabulldogs.com
https:
www.liberty.edu/wilmingtonschoolofthebible
https:
www.liberty.edu/militaryaffairsredirect
https:
www.liberty.edu/flames
https:
www.liberty.edu/flamesfootballpage
https:
www.liberty.edu/flamesbasketballmen
https:
www.liberty.edu/flamesbasketballwomen
https:
www.liberty.edu/campusrec/clubsports
https:
www.liberty.edu/campusrec
https:
www.liberty.edu/campusrec/intramural-sports
https:
www.liberty.edu
esidential/cfaw
https:
www.liberty.edu/commencement
https:
www.liberty.edu/campusrec/student-activities/concerts
https:
www.liberty.edu/homecomingredirect
https:
www.liberty.edu/onlinestudentlife
https:
www.liberty.edu/scaremare
https:
www.liberty.edu/journal
https:
www.liberty.edu/news
https:
www.myjourneyfm.com
https:
www.liberty.edu/the-light
https:
www.liberty.edu/libertychampionpracticum
https:
www.liberty.edu/orderayea
ook
http:
media2.liberty.edu
https:
www.liberty.edu/campusmaps
https:
www.liberty.edu/vote
egistration
https:
www.liberty.edu
https:
www.liberty.edu
equest-information/?page_placement=global_heade
https:
apply.liberty.edu/?page_placement=global_heade
https:
www.liberty.edu
esidential/visit-us/?page_placement=global_heade
https:
idp.liberty.edu/guest/fgB2BReg?page_placement=global_heade
Answer 1:
Asset reduction may include the sale of land,
uildings, and  equipment  not  essential  to  the  basic  activity 
of  their  business.
Asset
2 / 2 ptsQuestion 6
Answer 1:
A  divestiture strategy  involves  the  sale   of  a 
usiness  or  a  major  business  component.
sale
0 / 2 ptsQuestion 7Inco
ectInco
ect
Low-cost producers typically sell a differentiated product and
place considerable emphasis on cost advantages from all
sources.
  True
  False
2 / 2 ptsQuestion 8
https:
www.liberty.edu
https:
www.liberty.edu/online
https:
www.liberty.edu/seminary
https:
www.liberty.edu/law
https:
www.liberty.edu/lucom
https:
www.liberty.edu/undergrad
https:
www.liberty.edu/online-academy
https:
www.liberty.edu
esidential/graduate
https:
www.lcabulldogs.com
https:
www.liberty.edu/wilmingtonschoolofthebible
https:
www.liberty.edu/militaryaffairsredirect
https:
www.liberty.edu/flames
https:
www.liberty.edu/flamesfootballpage
https:
www.liberty.edu/flamesbasketballmen
https:
www.liberty.edu/flamesbasketballwomen
https:
www.liberty.edu/campusrec/clubsports
https:
www.liberty.edu/campusrec
https:
www.liberty.edu/campusrec/intramural-sports
https:
www.liberty.edu
esidential/cfaw
https:
www.liberty.edu/commencement
https:
www.liberty.edu/campusrec/student-activities/concerts
https:
www.liberty.edu/homecomingredirect
https:
www.liberty.edu/onlinestudentlife
https:
www.liberty.edu/scaremare
https:
www.liberty.edu/journal
https:
www.liberty.edu/news
https:
www.myjourneyfm.com
https:
www.liberty.edu/the-light
https:
www.liberty.edu/libertychampionpracticum
https:
www.liberty.edu/orderayea
ook
http:
media2.liberty.edu
https:
www.liberty.edu/campusmaps
https:
www.liberty.edu/vote
egistration
https:
www.liberty.edu
https:
www.liberty.edu
equest-information/?page_placement=global_heade
https:
apply.liberty.edu/?page_placement=global_heade
https:
www.liberty.edu
esidential/visit-us/?page_placement=global_heade
https:
idp.liberty.edu/guest/fgB2BReg?page_placement=global_heade
Answer 1:
The purpose of retrenchment is to reverse cu
ent
negative trends, and the strategy is often refe
ed to as a
turnaround strategy.
etrenchment
0 / 2 ptsQuestion 9Inco
ectInco
ect
______________ development involves substantial  modi�cation
of  existing  products  or  creation  of  new  but  related items
that can be marketed to cu
ent customers through established
channels.
production development strategy
2 / 2 ptsQuestion 10
Grand strategies provide basic direction  for  strategic  actions.
  True
  False
2 / 2 ptsQuestion 11
https:
www.liberty.edu
https:
www.liberty.edu/online
https:
www.liberty.edu/seminary
https:
www.liberty.edu/law
https:
www.liberty.edu/lucom
https:
www.liberty.edu/undergrad
https:
www.liberty.edu/online-academy
https:
www.liberty.edu
esidential/graduate
https:
www.lcabulldogs.com
https:
www.liberty.edu/wilmingtonschoolofthebible
https:
www.liberty.edu/militaryaffairsredirect
https:
www.liberty.edu/flames
https:
www.liberty.edu/flamesfootballpage
https:
www.liberty.edu/flamesbasketballmen
https:
www.liberty.edu/flamesbasketballwomen
https:
www.liberty.edu/campusrec/clubsports
https:
www.liberty.edu/campusrec
https:
www.liberty.edu/campusrec/intramural-sports
https:
www.liberty.edu
esidential/cfaw
https:
www.liberty.edu/commencement
https:
www.liberty.edu/campusrec/student-activities/concerts
https:
www.liberty.edu/homecomingredirect
https:
www.liberty.edu/onlinestudentlife
https:
www.liberty.edu/scaremare
https:
www.liberty.edu/journal
https:
www.liberty.edu/news
https:
www.myjourneyfm.com
https:
www.liberty.edu/the-light
https:
www.liberty.edu/libertychampionpracticum
https:
www.liberty.edu/orderayea
ook
http:
media2.liberty.edu
https:
www.liberty.edu/campusmaps
https:
www.liberty.edu/vote
egistration
https:
www.liberty.edu
https:
www.liberty.edu
equest-information/?page_placement=global_heade
https:
apply.liberty.edu/?page_placement=global_heade
https:
www.liberty.edu
esidential/visit-us/?page_placement=global_heade
https:
idp.liberty.edu/guest/fgB2BReg?page_placement=global_heade
Answer 1:
Reason  for  backward  integration  is  the  desire  to  increase 
the  dependability  of  supply   or  quality  of  raw 
materials  or  production  inputs.
supply
2 / 2 ptsQuestion 12
Answer 1:
In  backward   vertical  integration,  the  business 
acquired operators at an earlier stage of the production/sales
process.
ackward
0 / 2 ptsQuestion 13Inco
ectInco
ect
Strategic methods are the conceptual results that the business
aims at achieving within a certain timeframe.
  True
  False
2 / 2 ptsQuestion...