Final answer:
Strategic management is the set of managerial decisions that determines the long-term performance of a corporation, not the short-term performance. Option b.
Step-by-step explanation:
False (b). Strategic management is the set of managerial decisions that determine the long-term performance of a corporation, not the short-term performance.
Strategic management involves analyzing the external environment, setting goals, formulating strategies, implementing plans, and continuously evaluating performance. For example, a company may engage in strategic management by conducting a SWOT analysis to identify strengths, weaknesses, opportunities, and threats, and then develop strategies to capitalize on its strengths and mitigate weaknesses.
By focusing on long-term performance, strategic management helps ensure the sustainability and competitive advantage of a corporation.