ST.

VINCENT COLLEGE
Leganes  Ivisan  Pototan
MIDTERM EXAM – STRAT1
BSA2- D & E (LEGANES)

Name: Date of Exam:

Course, Yr. & Sec.: Subject Instructor: John Rey S. Anas, CPA

Instruction: Choose the correct letter that corresponds to your best answer. Shade the letter of your answer on the given
answer sheet. Erasures are not allowed in the answer sheet.

1. What characteristics of a strategic thinker which describes as he/she is constantly considering how the condition in
which your group and company operate may change in the coming months and years.

a. Curiosity c. Future focus

b. Flexibility d. Breadth

2. STATEMENT 1: When making a decision, you are making tradeoffs because it is necessary to weigh the potential
impact of your decision towards others.
STATEMENT 2: Under Phase 2- applying the skills, includes analyzing information.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

3. STATEMENT 1: Strategic thinking is an ongoing process rather than a one-time event.

STATEMENT 2: You use all of the available information presented to you.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

4. STATEMENT 1: In assessing developments outside the company, we ask these questions to our customer, “Who are
they and what do they value?”. We can answer our questions through surveys, focus groups and other methods.
STATEMENT 2: Execution phase is also called planning stage.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

5. STATEMENT 1: In a highly competitive and fast-changing world, everyone in an organization must know how to think
strategically.
STATEMENT 2: Every manager in an organization has a unique view of how the company operates.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

6. STATEMENT 1: When making a decision, you are making tradeoffs because it is necessary to weigh the potential
impact of your decision towards others.
STATEMENT 2: Under Phase 2- applying the skills, includes analyzing information.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

7. STATEMENT 1: Through strategic thinking you boost you group’s performance and minimize business results.
STATEMENT 2: In the business world, everyone must know how to think strategically.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

8. STATEMENT 1: In assessing your competitors, it is very important to determine its strengths for us to determine its
potential opportunity in our company, and weakness that might be exploited and be used to our disadvantage.
STATEMENT 2: Assume you understand right away the objectives mandated by your boss. You don’t need to ask
questions to gain the most specific possible understanding of what your boss wants you to achieve.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

9. STATEMENT 1: One benefit of strategic thinking is that you make short term decision that complement and align with
decisions that others in your organization is making.
STATEMENT 2: Strategic thinkers embrace changes and accept criticisms.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

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10. What are the two phases of the strategic thinking process?

a. Seeing the big picture and thinking creatively.

b. Prioritizing your actions and analyzing information.
c. Setting the stage and applying your skill.
d. None of these.

11. Creative thinking constitutes an important strategic thinking skill. Which of the following is a valuable outcome of
creative thinking?

a. An effective plan for gathering information you need to solve a pressing business problem.
b. Awareness of underlying common themes in a wide range of data you’re evaluating.
c. An open attitude toward seemingly bizarre ideas that your company hasn’t considered before.
d. None of these.

12. Knowing how to make smart tradeoffs is a vital strategic skill. Which of the following approaches can help you apply
this skill?

a. Weighing the short-and long-term consequences of a proposed course of action.

b. Identifying the full range of possible advantages offered by a decision you advocate.
c. Optimizing your group’s performance to improve company performance overall.
d. None of these.

13.STATEMENT 1: Do whatever it takes to understand the corporate strategy and how it affects your unit's strategy.
STATEMENT 2: Strategic thinkers does not continually improve their view of the larger “business ecosystem” in which
they operate.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

14.STATEMENT 1: Prioritizing actions means staying focused on your objectives while handling demands and competing
priorities.
STATEMENT 2: Strategic thinkers subjectively analyze a situation and evaluate the pros, cons, and implications of any
course of action.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

15. STATEMENT 1: Strategic thinkers generate a wide range of options, visualize new possibilities, and formulate fresh
approaches to their work.
STATEMENT 2: Strategic thinkers are not open for new learnings.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

16. STATEMENT 1: Breadth means you view challenges as opportunity and you believe that success is possible.
STATEMENT 2: Breadth means you welcome new ideas from supervisors, peers, employees, and outside
stakeholders such as customers, suppliers, and business partners. You also take criticism well by not reacting in a
defensive manner.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

17. This characteristics of a strategic thinker which is described as he/she can be able to adapt approaches and shift
ideas when new information suggests the need to do so.

a. Flexibility c. Breadth
b. Future focus d. Openness

18. STATEMENT 1: You have the makings of a strategic thinker if you continually anticipate your actions' impact on a
wide range of individuals including, but not limited to, your boss, direct reports, peers, and customers.
STATEMENT 2: By collaborating with others, you gain greater insight into the complex ramifications of even
seemingly minor decisions. This insight, in turn, helps you make more strategic choices.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

19. STATEMENT 1: By thinking strategically in groups, you gain other people's perspectives on critical and complex
issues-an important benefit in today's challenging business landscape.
STATEMENT 2: Strategic thinking is important because you make smart short term decisions that complement and
align with decisions that others in your organization are making.

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 a. TRUE, TRUE c. FALSE, TRUE
b. TRUE, FALSE d. FALSE, FALSE

20. STATEMENT 1: If you are a product manager, and your boss challenged you to increase revenues by 5% and under
your team is a product development team, so in order to increase revenues by 5%, this team might evaluate the
appeal of your product have to consumers (for example packaging.)
STATEMENT 2: When deciding for a certain situation, consider always the welfare of yourself.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

21. STATEMENT 1: When thinking strategically, you need to consider what’s going on outside your company as well as
what’s going on inside.
STATEMENT 2: In assessing developments outside the company, we ask these questions to your competitors, “Who
are they and what do they value?”. We can answer our questions through surveys, focus groups and other methods.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

22. STATEMENT 1: Strategy formulation is selecting what strategy to implement to achieve short term objectives.
STATEMENT 2: If you neglect to understand your internal stakeholder’s concerns, you can in advertently create
widespread problems.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

23. STATEMENT 1: When making a decision, you just decide on a situation without making tradeoffs because it is
burdensome for you to do such things
STATEMENT 2: Under Phase 1- setting the stage includes seeing the big picture.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

24. STATEMENT 1: Strategic thinking is about analyzing opportunities and problems from a narrow perspective.
STATEMENT 2: Vision is your future goal.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

25. STATEMENT 1: In creating an informed strategy, you need to gather information as much as you can, relevant to the
problem coming from reliable sources.
STATEMENT 2: Strategic thinkers can anticipate changes and develop strategies to capitalize on emerging
opportunities by analyzing market trends and competitive landscapes.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

26. What is/are the hallmark/s of strategic thinking?

a. Taking a broader perspective

b. Asking questions about how your potential actions will affect others.
c. Both a and b.
d. Neither a nor b.

27. To think strategically, you need to clarify the strategic priority that the project is intended to serve. What is/are the
following question/s that can help ensure that the project supports the strategic objectives,

a. What is the perceived strategic need that this project is intended to satisfy?
b. How is increasing the level of customer service a strategic goal for our unit?
c. What common challenges does my group share with this seemingly different group that might mean this good
idea could work for us?"
d. All are questions that can help ensure that the project supports the strategic objectives.

28. The following is/are considered as internals stakeholders, except?

a. Customers
b. Employees
c. Managers
d. Board of Directors

29. Described as favorable external factors that could give an organization a competitive advantage.

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 a. Strength
b. Weaknesses
c. Opportunities
d. Threats

30. Why is strategic thinking important?

a. You chart a course for your group that aligns with the specific department’s strategy.
b. You make smart short term decisions that complement and aligns decisions that others in your organization
are making.
c. You boost your group’s performance and minimize business results.
d. You foster a culture that supports fresh thinking and embraces strategic initiatives.

31. A distinguishing characteristics of a strategic thinker which is described as being able to adapt approaches and shift
ideas when new information suggests the need to do so.

a. Curiosity
b. Flexibility
c. Future focus
d. Positive outlook

32. It is a step in strategic thinking which is described as determining what you hope to achieve by thinking strategically.

a. Seeing the big picture

b. Articulating strategic objectives
c. Identifying relationships, patterns and trends
d. Getting creative

33. STATEMENT 1: You clarify strategic objectives before gaining a sense of the big picture.
STATEMENT 2: Objectives are an outline of actions and decisions a company plans to take to reach its goals and
objectives.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

34. STATEMENT 1: S in S.M.A.R.T. stands for specific. Which means specific as possible with the desired goal. The
specific the goal is, the clearer the steps of achieving it will be.
STATEMENT 2: In addition to handling immediate objectives presented by your boss, you also need to define your
own long-term objectives for your group.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

35. STATEMENT 1: SWOT Analysis is a best practice framework for setting goals.
STATEMENT 2: Measurable means you can be able to track and quantify your progress.

a. TRUE, TRUE c. FALSE, TRUE

b. TRUE, FALSE d. FALSE, FALSE

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