CHRP Diagnostic Exam - Strategy

Question 1 of 6

1

The formulation of an organization's objectives is part of its:

Select one of the following:

  • Operating plan

  • Mission

  • Strategy

  • Vision

Explanation

Question 2 of 6

1

When RBC sold its insurance business to Aviva, what restructuring strategy did it
engage?

Select one of the following:

  • Turnaround strategy

  • Divestiture strategy

  • Liquidation strategy

  • Diversification strategy

Explanation

Question 3 of 6

1

Loblaw operates a number of brands including No-Frills, CityMarket, and Joe
Fresh. These brands represent Loblaw's:

Select one of the following:

  • Business strategy

  • Corporate strategy

  • Operational strategy

  • Marketing strategy

Explanation

Question 4 of 6

1

McDonald's strives to "be the best quick service restaurant experience". This is its
__________ statement.

Select one of the following:

  • Mission

  • Vision

  • Competitive position

  • Operational goal

Explanation

Question 5 of 6

1

Which of the following is NOT a type of corporate strategy?

Select one of the following:

  • Growth Strategy

  • Stability Strategy

  • Restructuring Strategy

  • Cost leadership strategy

Explanation

Question 6 of 6

1

The basic beliefs that govern individual and group behaviour in an organization are
found in the organization's:

Select one of the following:

  • Mission statement

  • Vision statement

  • Value statement

  • Culture statement

Explanation

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