1. If the potential income from a particular project was $150,000 and the probability of attaining that income was 5%, the expected value would be $750,000. a. true b. false

2. The broader the scope of the decision, the higher the level of management responsible for it. a. true b. false

3. Implementation of the chosen alternative is the final step in the decision-making process. a. true b. false

4. Tactical planning is long-range planning that emphasizes the current operations of various parts of the organization. a. true b. false

5. In general, the strategy management steps can be viewed as being sequential and continuing. a. true b. false