1. "In what kinds of environments does the organization now exist?" is one of the four basic questions required for critical question analysis.

True or False

2. In general, the strategy management steps can be viewed as being sequential and continuing.

True or False

3. Mary has just formulated a budget for the coming year. This would most likely be categorized as:

a. tactical planning

b. operational planning

c. strategic planning

d. intermediate planning

e. strategic control

4. Cost leadership is a strategy that focuses on making an organization more competitive by developing a product or products customers perceive as being different from products offered by competitors.

True or False

5. According to the GE Multifactor Portfolio Matrix, businesses falling in cells that form a diagonal from lower left to upper right are the strongest and the ones the company should invest in and help to grow.

True or False