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.
| 701. |
%_What is synergy?_% |
| A. | When the organization is providing a product to the customer that perfectly suits their requirements |
| B. | When the parts of an organization are combined and managed in such a way that the drawbacks exceed those which would result if the parts were operating separately |
| C. | When the parts of an organization are combined and managed in such a way that the benefits exceed those which would result if the parts were operating separately |
| D. | When the parts of an organization are combined and managed in such a way to reduce costs |
| Answer» D. When the parts of an organization are combined and managed in such a way to reduce costs | |
| 702. |
%__________ strategy determines what businesses an organization should be in_% |
| A. | Business |
| B. | Organizational |
| C. | Operational |
| D. | Corporate |
| Answer» E. | |
| 703. |
%_An example of a core competency of a firm is_% |
| A. | the corporate reputation |
| B. | communicating with customers in their own languages worldwide |
| C. | developing least squared exemptions within its accounting system |
| D. | evaluating tangible and intangible assets |
| Answer» C. developing least squared exemptions within its accounting system | |
| 704. |
%_Which one of the following is not an aspect of the MOST analysis_% |
| A. | Mission |
| B. | Strategies |
| C. | Tactics |
| D. | Organization |
| Answer» E. | |
| 705. |
%_Which strategies aim at improving internal weakness by taking advantage of external opportunities?_% |
| A. | SO |
| B. | WO |
| C. | SW |
| D. | ST |
| Answer» C. SW | |
| 706. |
%_The magnitude and changes that may affect an organization is survival owing to all of the following except:_% |
| A. | Merger-mania |
| B. | Demographics |
| C. | E-commerce |
| D. | Dubious firms |
| Answer» E. | |
| 707. |
%_A company offers unique products that are widely valued by customers, it is likely to follow a:_% |
| A. | Differentiation strategy |
| B. | Combination strategy |
| C. | Focus strategy |
| D. | Cost-leadership strategy |
| Answer» B. Combination strategy | |
| 708. |
%_Which of the following statements is not true reg corporate strategies?_% |
| A. | They are concerned with the broad and more long-term issues of the organization |
| B. | They are concerned with how the organization is going to compete in a specific business or industry |
| C. | are concerned with the direction the organization is headed |
| D. | They are concerned with the business(es) that the organization is in and the businesses they want to be in |
| Answer» C. are concerned with the direction the organization is headed | |
| 709. |
%_Low cost, Differentiation and Focus are examples of_% |
| A. | Corporate strategies |
| B. | Operational strategies |
| C. | Business strategies |
| D. | Functional strategies |
| Answer» D. Functional strategies | |
| 710. |
%_What do Cash Cows symbolize in BCG matrix?_% |
| A. | Remain Diversified |
| B. | Invest |
| C. | Stable |
| D. | Liquidate |
| Answer» D. Liquidate | |
| 711. |
%_Which of the following can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive?_% |
| A. | Corporate philosophy statement |
| B. | Company creed |
| C. | Vision statement |
| D. | Mission statement |
| Answer» D. Mission statement | |
| 712. |
%_The Reasons for diversification is:_% |
| A. | to reduce competition |
| B. | to increase organizational capabilities |
| C. | to get tax advantage |
| D. | to get quick entry into a business |
| Answer» C. to get tax advantage | |
| 713. |
%_Strategic mission_% |
| A. | is a statement of a firms unique purpose and scope of operations |
| B. | is an internally-focused affirmation of the organization's societal and ethical goals |
| C. | does not limit the firm by specifying the industry in which the firm intends to compete |
| D. | is developed by a firm before the firm develops its strategic intent |
| Answer» B. is an internally-focused affirmation of the organization's societal and ethical goals | |
| 714. |
_ Marketing strategy is a ___________ type of strategy$? |
| A. | business level |
| B. | Growth strategy |
| C. | corporate strategy |
| D. | functional strategy |
| Answer» E. | |
| 715. |
_ Robert Kalpan and David developed the balanced score card in the early _____ as a performance measurement system$? |
| A. | 1991 |
| B. | 1990 |
| C. | 1992 |
| D. | 1995 |
| Answer» C. 1992 | |
| 716. |
_ How might an organization spot, create, and exploit new opportunities ahead of its rivals?$? |
| A. | Through managers in the various businesses working together, sharing information and capabilities, helping each other, and creating synergy |
| B. | Through managers in the various businesses sharing information, capabilities, and creating synergy |
| C. | Through managers in the various businesses working together, sharing information, and sharing capabilities |
| D. | Through managers in the various businesses working together to create strategic competencies for the organization in order to pursue opportunities |
| Answer» B. Through managers in the various businesses sharing information, capabilities, and creating synergy | |
| 717. |
_ The impact of strategies on the general direction and basic character of a company is$? |
| A. | short range |
| B. | medium range |
| C. | long range |
| D. | minimal |
| Answer» D. minimal | |
| 718. |
_ Strategic mission$? |
| A. | is a statement of a firms unique purpose and scope of operations |
| B. | is an internally-focused affirmation of the organization's societal and ethical goals |
| C. | does not limit the firm by specifying the industry in which the firm intends to compete |
| D. | is developed by a firm before the firm develops its strategic intent |
| Answer» B. is an internally-focused affirmation of the organization's societal and ethical goals | |
| 719. |
_ Which type of strategies are of particular importance to global companies?$? |
| A. | Corporate |
| B. | Functional |
| C. | Competitive |
| D. | Corporate and competitive |
| Answer» E. | |
| 720. |
_ A joint venture can be defined as:$? |
| A. | Two firms collaborate together on a specific project |
| B. | One firm licenses its intellectual property to another firm |
| C. | Two firms merge together |
| D. | Two firms come together to form a third, legally separate firm |
| Answer» E. | |
| 721. |
_ Which of the following statements is false? Formal strategic planning$? |
| A. | implies determined actions for achieving objectives |
| B. | is a time consuming process |
| C. | should develop clear and rigid plans for the organization to implement |
| D. | is most applicable in stable environments |
| Answer» D. is most applicable in stable environments | |
| 722. |
_ Marketing current products with possible modifications and range increases is also known as what?$? |
| A. | Retrenchment |
| B. | Market penetration |
| C. | Product development |
| D. | Market development |
| Answer» E. | |
| 723. |
_ In which of the following scenarios is a joint venture likely to be more attractive than acquisition?$? |
| A. | Horizontal integration |
| B. | Vertical integration |
| C. | New market entry |
| D. | Larger resource pool |
| Answer» B. Vertical integration | |
| 724. |
_ In military analogy, what is the outcome if in strategy creation the organization has both capability and intent?$? |
| A. | Capacity |
| B. | Credibility |
| C. | Emergent strategy |
| D. | Intended strategy |
| Answer» C. Emergent strategy | |
| 725. |
_ The five forces model developed by ________ has been the most commonly used analytical tool for examining competitive environment$? |
| A. | Michnal E Porter |
| B. | Lewis Charter |
| C. | Barrywell |
| D. | Schwiz |
| Answer» B. Lewis Charter | |
| 726. |
_ Which of the following is not one of the three elements of strategy creation?$? |
| A. | Sales |
| B. | Innovation |
| C. | Planning |
| D. | Leadership |
| Answer» B. Innovation | |
| 727. |
_ _____________ involves the development of projections about the direction, scope, speed and intensity of environmental change$? |
| A. | Environmental scanning |
| B. | Environmental monitoring |
| C. | Competitive intelligence |
| D. | Environmental forecasting |
| Answer» E. | |
| 728. |
_ __________ is identifying opportunities and threats affecting their business$? |
| A. | Organizational analysis |
| B. | Environmental analysis |
| C. | Industry analysis |
| D. | Competitive analysis |
| Answer» C. Industry analysis | |
| 729. |
_ The understanding of what key element is essential for successful strategic planning?$? |
| A. | Understanding the needs and expectations of stakeholders |
| B. | Understanding competencies |
| C. | Understanding the processes of strategic change |
| D. | Understanding how to plan |
| Answer» D. Understanding how to plan | |
| 730. |
_ Which of the following is not a key planning element of spheres of influence?$? |
| A. | Buffer zones |
| B. | Forward positions |
| C. | Cost base |
| D. | Vital interests |
| Answer» D. Vital interests | |
| 731. |
_ What is top-down planning?$? |
| A. | This takes place in someone's head, and the decisions may not be written down in any extensive form It is often practiced by entrepreneurial managers with real flair |
| B. | This requires managers to spend time discussing the future opportunities and threats and areas in which the organization might develop |
| C. | This involves managers throughout the organization, and ensures that everyone involved in implementing plans will be consulted |
| D. | This relates to decisions taken at the higher parts of the organization and passed onto other managers for implementation These managers will have had little or no input into the planning process |
| Answer» E. | |
| 732. |
_ In __________ strategy assumptions are made that consumers needs are similar worldwide$? |
| A. | Global |
| B. | Multidomestic |
| C. | International |
| D. | Transnational |
| Answer» B. Multidomestic | |
| 733. |
_ ETOP stands for___________$? |
| A. | Environmental threat and opportunity profile |
| B. | Economic threat and Opportunity profile |
| C. | Enhanced technology and opportunity profile |
| D. | none of these |
| Answer» B. Economic threat and Opportunity profile | |
| 734. |
_ Which of these is not a factor causing weak synergy?$? |
| A. | Underestimated weaknesses |
| B. | Competitor activity |
| C. | Premium paid |
| D. | Making too many resources available to the integration program |
| Answer» E. | |
| 735. |
_ Which of the following is not one of the contextual aspects that have a critical impact on strategic change?$? |
| A. | Structural factors |
| B. | Environmental factors |
| C. | Personal factors |
| D. | Financial factors |
| Answer» E. | |
| 736. |
_ ___________arises when a firm is able to perform an activity that is distinct from competitors$? |
| A. | competitive advantage |
| B. | focus |
| C. | cost leadership |
| D. | logic |
| Answer» B. focus | |
| 737. |
_ ____________ is also referred to as external strategic management audit$? |
| A. | Organizational analysis |
| B. | Environmental analysis |
| C. | Industry analysis |
| D. | None of the above |
| Answer» D. None of the above | |
| 738. |
_ In the process of developing a mission statement, it is important to involve$? |
| A. | as few managers as possible |
| B. | as many managers as possible |
| C. | upper-level management only |
| D. | lower-level management only |
| Answer» C. upper-level management only | |
| 739. |
_ Which one of the following criteria does not provide a means to assess strategic resources?$? |
| A. | Sustainability |
| B. | Scarcity |
| C. | Inimtability |
| D. | Synergy |
| Answer» E. | |
| 740. |
_ Which statement should be created first and foremost?$? |
| A. | Strategic |
| B. | Vision |
| C. | Objectives |
| D. | Mission |
| Answer» C. Objectives | |
| 741. |
_ The means by which long term objectives will be achieved are$? |
| A. | mission statements |
| B. | strategies |
| C. | vision statements |
| D. | long term goals |
| Answer» C. vision statements | |
| 742. |
_ Which component of a mission statement addresses the basic beliefs, values, aspirations, and ethical priorities of the firm?$? |
| A. | Technology |
| B. | Philosophy |
| C. | Concern for public image |
| D. | Customers |
| Answer» C. Concern for public image | |
| 743. |
_ Heller (1998) suggested organizations must address seven key issues effectively to sustain competitive advantage. Which of the following is not one of those issues?$? |
| A. | Effectiveness |
| B. | Innovation |
| C. | Costs |
| D. | Speed |
| Answer» E. | |
| 744. |
_ Which of the following is a characteristic of a customer-driving organization?$? |
| A. | Innovative |
| B. | Conservative |
| C. | Responsive |
| D. | Unresponsive |
| Answer» D. Unresponsive | |
| 745. |
_ An organization's strategies should be designed so that they incorporate:$? |
| A. | opportunities and threats |
| B. | resources and capabilities |
| C. | only traditional values of past organizations |
| D. | opportunities, threats, resources, and capabilities |
| Answer» C. only traditional values of past organizations | |
| 746. |
_ Which of the following statements is NOT true regarding corporate strategies?$? |
| A. | They are concerned with the broad and more long-term issues of the organization |
| B. | They are concerned with how the organization is going to compete in a specific business or industry |
| C. | They are concerned with the direction the organization is headed |
| D. | They are concerned with the business(es) that the organization is in and the businesses they want to be in |
| Answer» C. They are concerned with the direction the organization is headed | |
| 747. |
_ Environmental scanning occurs in what phase of strategic conflict management?$? |
| A. | Reactive |
| B. | Proactive |
| C. | Recovery |
| D. | Strategic |
| Answer» C. Recovery | |
| 748. |
_ Which of the following is not a limitation of SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis?$? |
| A. | Organizational strengths may not lead to competitive advantage |
| B. | SWOT gives a one-shot view of a moving target |
| C. | SWOT's focus on the external environment is too broad and integrative |
| D. | SWOT overemphasizes a single dimension of strategy |
| Answer» D. SWOT overemphasizes a single dimension of strategy | |
| 749. |
_ The three organizational levels are:$? |
| A. | corporate level, business level, functional level |
| B. | corporate level, business unit level, functional level |
| C. | corporate strategy level, business unit level, functional level |
| D. | corporate strategy level, business level, specialist level |
| Answer» B. corporate level, business unit level, functional level | |
| 750. |
_ A useful framework used to assess a company's investments/divisions is called:$? |
| A. | unit production analysis |
| B. | corporate insight analysis |
| C. | company productivity analysis |
| D. | business portfolio analysis |
| Answer» E. | |