I) In a SWOT analysis, an organizational weakness can be:
A. Something an organization does not do well
B. An important resource that an organization does not possess
C. Either deliberate or emergent
D. A sustainable competitive advantage
E. A and B are both correct
II) Corporate strategy formulation deals primarily with:
A. How firms compete in the business areas they have selected
B. High level financial analysis
C. The details of how the functional areas should work together to achieve the mission and goals of an organization
D. The selection of business areas in which the firm will compete
E. All of the above
III) Corporate level decisions are typically made by:
A. Low-level employees
B. The CEO and/or board of directors
C. Functional managers
D. Department heads
E. Stockholders