1. Which of the following best describes the purpose of a capstone

experience in business and management?

A) To provide students with hands-on experience in a corporate setting

B) To introduce students to functional, business, and corporate strategy

C) To prepare students for entry-level positions in a specific industry

D) To teach students advanced techniques in financial analysis

Answer: B) To introduce students to functional, business, and corporate

strategy

Rationale: A capstone experience in business and management is designed

to give students a comprehensive understanding of strategic concepts in a

real-world context.

2. What is the primary role of a strategy analyst in a business

organization?

A) To develop and implement marketing campaigns

B) To analyze market trends and competitive intelligence

C) To create financial statements and reports

D) To manage employee relations and productivity

Answer: B) To analyze market trends and competitive intelligence

Rationale: Strategy analysts are responsible for gathering and analyzing

data to inform decision-making at the organizational level.

3. How does functional strategy differ from business strategy?

A) Functional strategy focuses on a specific area of the business, while

business strategy encompasses the overall direction of the organization

B) Functional strategy is implemented by middle management, while

business strategy is set by top-level executives

C) Functional strategy is short-term and tactical, while business strategy is

long-term and strategic

D) Functional strategy is concerned with internal operations, while

business strategy focuses on external market conditions

Answer: A) Functional strategy focuses on a specific area of the business,

while business strategy encompasses the overall direction of the

organization

Rationale: Functional strategy involves decisions and actions related to