MCQOPTIONS
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MCQOPTIONS
This section includes 1003 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 601. |
_________ strategy is much talked and publicized in the present Indian environment%! |
| A. | Corporate |
| B. | Business |
| C. | Functional |
| D. | Growth |
| Answer» E. | |
| 602. |
____________ assesses the whole strategic management process%! |
| A. | Strategic audit |
| B. | Company audit |
| C. | Business audit |
| D. | None of the above |
| Answer» B. Company audit | |
| 603. |
_________________ is the process through which an organization evaluates its capability so as to have competitive advantage at market place%! |
| A. | Environmental analysis |
| B. | Organizational analysis |
| C. | Industry analysis |
| D. | Business analysis |
| Answer» C. Industry analysis | |
| 604. |
What does SPACE stand for?%! |
| A. | Sales, Position, and ACtion Evaluation |
| B. | Strategic Profit And Credit Evaluation |
| C. | Sales, Profit, ACtion and Evaluation |
| D. | Strategic Position and ACtion Evaluation |
| Answer» E. | |
| 605. |
Which of the following is true for small businesses in relation to strategic planning?%! |
| A. | It belongs in all organizations |
| B. | It is too expensive |
| C. | It only belongs in large organizations |
| D. | The benefits are too long term |
| Answer» B. It is too expensive | |
| 606. |
Innovation and quality can be seen as which form of management?%! |
| A. | Marketing management |
| B. | Financial management |
| C. | Operations management |
| D. | Human resource management |
| Answer» D. Human resource management | |
| 607. |
What does the acronym SMART refer to?%! |
| A. | Superiority, Measurement, Appropriability, Replicability, Transparency |
| B. | Specific, Measurable, Achievable, Realistic, Timescale |
| C. | Substitutability, Measurement, Appropriability, Replicability, Transparency |
| D. | Specific, Measurable, Achievable, Realistic, Timely |
| Answer» C. Substitutability, Measurement, Appropriability, Replicability, Transparency | |
| 608. |
An effective mission statement is all of the following except%! |
| A. | It reflects judgments about future growth directions that are based upon forward-looking external and internal analyses |
| B. | It provides useful criteria for selecting among alternative strategies |
| C. | It provides a basis for generating and screening strategic options |
| D. | It is static in orientation |
| Answer» E. | |
| 609. |
Information is defined by Lucas (1976) as%! |
| A. | some tangible or intangible entity that creates certainty about a state or event |
| B. | some tangible or intangible entity that reduces uncertainty about a state or event |
| C. | some tangible or intangible entity that leads to understanding |
| D. | some tangible or intangible entity that leads to knowledge |
| Answer» C. some tangible or intangible entity that leads to understanding | |
| 610. |
Effective mission statements%! |
| A. | are usually changed every few months |
| B. | are usually changed every few years |
| C. | never require revision |
| D. | stand the test of time and require little revision |
| Answer» E. | |
| 611. |
Effective mission statements can vary in%! |
| A. | length |
| B. | content |
| C. | format |
| D. | all of the above |
| Answer» E. | |
| 612. |
In order for a culture to generate success, what does it need to be?%! |
| A. | Stable and secure |
| B. | Flexible and adaptive |
| C. | Innovative and resourceful |
| D. | Flexible and resourceful |
| Answer» C. Innovative and resourceful | |
| 613. |
By what means should an organization measure its performance?%! |
| A. | Efficiency |
| B. | Effectiveness |
| C. | Economy, efficiency, and effectiveness |
| D. | Efficiency and effectiveness |
| Answer» D. Efficiency and effectiveness | |
| 614. |
According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?%! |
| A. | The resource focus, the product focus, the shareholder focus and the people focus |
| B. | The product focus, the shareholder focus, the people focus and the market focus |
| C. | The resource focus, the shareholder focus, the people focus and the market focus |
| D. | The shareholder focus, the people focus, the product focus and the market focus |
| Answer» D. The shareholder focus, the people focus, the product focus and the market focus | |
| 615. |
What form of strategy formation would be expected to be found in Defender organizations?%! |
| A. | Formal planning |
| B. | Visionary |
| C. | Adaptive |
| D. | Incremental |
| Answer» B. Visionary | |
| 616. |
A young industry that is beginning to form is considered to be in __________ stage%! |
| A. | Introduction |
| B. | Growth |
| C. | Shakeout |
| D. | Maturity |
| Answer» B. Growth | |
| 617. |
What is an incremental strategy?%! |
| A. | One that is formalized from the beginning and adhered to along the way exactly |
| B. | One that evolves according to past experiences and changing circumstances |
| C. | One that is formalized, but is slightly flexible if necessary |
| D. | One that has the potential to open up new opportunities along the way which can be incorporated into the long term strategy |
| Answer» C. One that is formalized, but is slightly flexible if necessary | |
| 618. |
What is the key variable in executing visionary strategy creation at the competitive strategy level?%! |
| A. | Seizing the opportunities presented |
| B. | Formalized planning |
| C. | Innovation |
| D. | Learning |
| Answer» D. Learning | |
| 619. |
*$_Which of the following does Campbell (1989) suggest to be a dimension of valuable mission statements?? |
| A. | Differentiates the business from competitors |
| B. | States the objectives of the organization |
| C. | Meaningful and relevant to stakeholders |
| D. | States the values of the organization |
| Answer» E. | |
| 620. |
*$_Which one of these would not be a problem for an organization attempting to establish a unified vision or direction?? |
| A. | The constraints applied by key stakeholders upon the organizations management |
| B. | The personal objectives of those within the organization |
| C. | The varying expectations of external stakeholders |
| D. | Conflicts between the product and its desired target market |
| Answer» E. | |
| 621. |
*$_What common, related problem do not-for-profit organizations such as the British Museum and the National History Museum often face?? |
| A. | Costs associated with repairs and maintenance |
| B. | The need to be educational and adhere to their scientific/research orientation whilst addressing commercial issues (e g , admission charges to cover costs) |
| C. | The need to be educational and adhere to their scientific/research orientation whilst satisfying main stakeholders |
| D. | The conflict between pursuing organizational objectives and resource availability constraints |
| Answer» B. The need to be educational and adhere to their scientific/research orientation whilst addressing commercial issues (e g , admission charges to cover costs) | |
| 622. |
*$_The two internal elements of SWOT analysis are? |
| A. | weaknesses and threats |
| B. | opportunities and threats |
| C. | strength and weaknesses |
| D. | strengths and threats |
| Answer» D. strengths and threats | |
| 623. |
*$_What is Kelloggs main challenge for the future:? |
| A. | To create new products for a market that is both growing and declining according to geography whilst generating enough cash to advertise and launch new products |
| B. | To create new products for a market that is both growing and declining according to geography |
| C. | To create new products for a market that has the same tastes, whilst generating enough cash to advertise and launch new products |
| D. | To not become adversely affected by increased competition again and adapt to changing customer tastes |
| Answer» B. To create new products for a market that is both growing and declining according to geography | |
| 624. |
*$_Which of the following is not a recognized area of opportunity for developing synergy?? |
| A. | Functional |
| B. | Processual |
| C. | Strategic |
| D. | Managerial |
| Answer» C. Strategic | |
| 625. |
*$_The merging of analysis of internal and external factors influencing the organizations strategy is known as? |
| A. | complete studies |
| B. | organizational behavior and theory |
| C. | definitional analysis |
| D. | SWOT analysis |
| Answer» E. | |
| 626. |
*$_______ and ______ are outcomes from a study of the external environment? |
| A. | Threats and Weaknesses |
| B. | Strengths and Weaknesses |
| C. | Weights and Measures |
| D. | Opportunities and Threats |
| Answer» E. | |
| 627. |
*$_Which of the following requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies?? |
| A. | Strategy formulation |
| B. | Strategy evaluation |
| C. | Strategy implementation |
| D. | Strategy estimation |
| Answer» D. Strategy estimation | |
| 628. |
*$_the following are considered grand strategies, except for:? |
| A. | A retrenchment strategy |
| B. | Strategic business units |
| C. | A growth strategy |
| D. | Related diversification |
| Answer» C. A growth strategy | |
| 629. |
*$_allah group of industries is involved in the sale of its marginal business. It is mot likely to say that Abdullah group is implementing which one of the following strategies?? |
| A. | Retrenchment |
| B. | Liquidation |
| C. | Acquisition |
| D. | Join venture |
| Answer» D. Join venture | |
| 630. |
*$_Which environment can create new market and new business segments?? |
| A. | Political environment |
| B. | Economic environment |
| C. | Socio cultural environment |
| D. | Technological environment |
| Answer» E. | |
| 631. |
*$_The BCG matrix is based on? |
| A. | Industry attractiveness and Business strength |
| B. | Industry Growth rate and Business strength |
| C. | Industry Attractiveness and Relative Market share |
| D. | Industry growth rate and relative market share |
| Answer» E. | |
| 632. |
*$_One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material waste is not more than 10% , she spends her day performing the management process of:? |
| A. | Planning |
| B. | Organizing |
| C. | Leading |
| D. | Controlling |
| Answer» E. | |
| 633. |
*$_Strategic Management handles:? |
| A. | external issues |
| B. | management issues |
| C. | internal issues |
| D. | administrational issues |
| Answer» B. management issues | |
| 634. |
*$_When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit? |
| A. | Economic |
| B. | Competitive |
| C. | Political |
| D. | Multinational |
| Answer» D. Multinational | |
| 635. |
*$_What is said to be the key factor in maintaining organizational growth (e.g., Hurst 1995)?? |
| A. | Entrepreneurial vision |
| B. | Planning |
| C. | Innovation |
| D. | Flexibility |
| Answer» E. | |
| 636. |
*$_Which of the following is not a competence recognized by Richardson and Thompson (1994)?? |
| A. | Strategic thinking |
| B. | Managing paradoxes |
| C. | Innovative climate |
| D. | Providing excellent quality |
| Answer» C. Innovative climate | |
| 637. |
*$_Select the most accurate statement. Value? |
| A. | means value for money |
| B. | is best described as the benefits the business chooses to give to customers through its product/service |
| C. | is the benefits of a product/service as perceived by the customer |
| D. | does not offer competitive advantage |
| Answer» D. does not offer competitive advantage | |
| 638. |
*$_Which of these is a characteristic of soft human resource management?? |
| A. | Managers are responsible for employees |
| B. | Teams provide increased productivity |
| C. | Managers are responsible for deploying employees |
| D. | Scientific management principles and systems should be used to deal with employees |
| Answer» C. Managers are responsible for deploying employees | |
| 639. |
*$_Two reasons for mergers and acquisitions are? |
| A. | to increase managerial staff and to minimize economies of scale |
| B. | to reduce tax obligations and increase managerial staff |
| C. | to create seasonal trends in sales and to make better use of a new sales force |
| D. | to provide improved capacity utilization and to gain new technology |
| Answer» E. | |
| 640. |
*$____________ are short-term milestones or benchmarks that organizations must achieve in order for longer term objectives are to be reached? |
| A. | Vision |
| B. | Mission |
| C. | Plans |
| D. | Goals |
| Answer» E. | |
| 641. |
*$___________ strategy is often considered as entrepreneurial strategy where firm develops and introduce new products and markets or penetrate markets to build share? |
| A. | Expansion Strategy |
| B. | Retrenchment Strategy |
| C. | Combination Strategy |
| D. | Stability Strategy |
| Answer» B. Retrenchment Strategy | |
| 642. |
*$_Retrenchment is:? |
| A. | When a company experiences declining profits and makes cutbacks to improve efficiency |
| B. | When a company adopts a new strategic position for a product or service |
| C. | The sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets |
| D. | ely to take place when an organization lacks a key success factor for a particular market |
| Answer» B. When a company adopts a new strategic position for a product or service | |
| 643. |
*$_McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made?? |
| A. | Business |
| B. | Corporate |
| C. | Functional |
| D. | International |
| Answer» C. Functional | |
| 644. |
*/*_What is the key variable in executing visionary strategy creation at the competitive strategy level?? |
| A. | Seizing the opportunities presented |
| B. | Formalized planning |
| C. | Innovation |
| D. | Learning |
| Answer» D. Learning | |
| 645. |
*/*_What is an incremental strategy?? |
| A. | One that is formalized from the beginning and adhered to along the way exactly |
| B. | One that evolves according to past experiences and changing circumstances |
| C. | One that is formalized, but is slightly flexible if necessary |
| D. | One that has the potential to open up new opportunities along the way which can be incorporated into the long term strategy |
| Answer» C. One that is formalized, but is slightly flexible if necessary | |
| 646. |
*/*_A young industry that is beginning to form is considered to be in __________ stage? |
| A. | Introduction |
| B. | Growth |
| C. | Shakeout |
| D. | Maturity |
| Answer» B. Growth | |
| 647. |
*/*_What form of strategy formation would be expected to be found in Defender organizations?? |
| A. | Formal planning |
| B. | Visionary |
| C. | Adaptive |
| D. | Incremental |
| Answer» B. Visionary | |
| 648. |
*/*_According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?? |
| A. | The resource focus, the product focus, the shareholder focus and the people focus |
| B. | The product focus, the shareholder focus, the people focus and the market focus |
| C. | The resource focus, the shareholder focus, the people focus and the market focus |
| D. | The shareholder focus, the people focus, the product focus and the market focus |
| Answer» D. The shareholder focus, the people focus, the product focus and the market focus | |
| 649. |
*/*__________________ is the process through which an organization evaluates its capability so as to have competitive advantage at market place? |
| A. | Environmental analysis |
| B. | Organizational analysis |
| C. | Industry analysis |
| D. | Business analysis |
| Answer» C. Industry analysis | |
| 650. |
*/*_____________ assesses the whole strategic management process? |
| A. | Strategic audit |
| B. | Company audit |
| C. | Business audit |
| D. | None of the above |
| Answer» B. Company audit | |