Question

Question 5

Effective and carefully planned mission statements

stand the test of time.

become ineffective in the first year.

require major changes every few months.

require major revision every few years.

require major changes every few quarters.

Question 6

________ is NOT a basic mission of a competitive intelligence program.

Identifying areas in which competitors are vulnerable and assessing the impact strategic actions would have on competitors

Identifying industry executives who could be hired by the firm

Providing a general understanding of a company's competitors

Identifying potential moves a competitor might make that would endanger a firm's position in the market

Providing a general understanding of an industry

Question 7

Unpublished sources of external strategic information include all of the following EXCEPT

abstracts.

market research.

conversations with stakeholders.

speeches at professional and shareholders' meetings.

customer surveys.

Question 8

According to the U.S. Bureau of Labor Statistics, which of the following is TRUE?

Private sector workers had a union membership rate more than five times higher that of public-sector workers.

Black workers were less likely to be union members than were white, Asian, or Hispanic workers.

The percent of wage and salary workers who were members of a union in the USA increased from 2010 to 2011.

Among states, North Carolina had the highest union membership rate.

Workers in education, training and library occupations had the highest unionization rate.

Answer 1

Question 5 - Effective and carefully planned mission statements

stand the test of time.

The mission statement is a brief statement which outlines why the company exists and what is its overall goal and what kind of product or service it is going to provide and which is its targetted customer segment. This obviously does not change frequently and so it should be long term and should stand the test of time.

Question 6 - ________ is NOT a basic mission of a competitive intelligence program.

Identifying industry executives who could be hired by the firm

A competitive intelligence program gathers all published and unpublished information through the legal and ethical way. It encompasses information about the industry, competitors business model, their customer base and also competitor's vulnerabilities. The basic purpose of the competitive intelligence program is to gather information which will assist in better decision making.

Question 7 - Unpublished sources of external strategic information include all of the following EXCEPT

abstracts.

An abstract is just a summary of any report or article and an abstract itself does not contain any concrete or dependable facts. So this should be excluded from the information sources.

Question 8 - According to the U.S. Bureau of Labor Statistics, which of the following is TRUE?

Workers in education, training and library occupations had the highest unionization rate.

The unionization rate is highest in the field of education, training and library occupations which are considered as the protective industry.
All other options are false.
Union membership rates are higher in the public sector than in the private sector. Blacks are more likely to be a union member and North Carolina actually has the lowest membership rate.