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.
| 801. |
_According to Ringbakk (1971) and Steiner (1972) which of the following should be avoided when creating a formal plan?$? |
| A. | Seeing planning as a support activity in strategic decision making |
| B. | Seeing planning as a once-a-year ritual |
| C. | Flexibility |
| D. | Involving implementers in planning |
| Answer» C. Flexibility | |
| 802. |
_Which of the following is a consideration when assessing the appropriateness of a strategy?$? |
| A. | Synergy |
| B. | Stakeholders |
| C. | Competitive advantage |
| D. | Resources |
| Answer» E. | |
| 803. |
_A company specializing in producing mass market cars acquires a company which specializes in financial services. The new company can now offer financial services to its car purchasers. What form of diversification is this?$? |
| A. | Resource-based |
| B. | Unrelated |
| C. | Routine-based |
| D. | Replication-based |
| Answer» C. Routine-based | |
| 804. |
__________ strategies are also known as grand or root strategies$? |
| A. | Corporate |
| B. | Business |
| C. | Functional |
| D. | Operational |
| Answer» B. Business | |
| 805. |
_First step in developing a vision statement is$? |
| A. | Targeting the vision |
| B. | Developing future scenarios |
| C. | Setting vision context |
| D. | Conducting vision audit |
| Answer» E. | |
| 806. |
_____________ refers to the strategies and counter strategies of a firm that compete in a shared market place$? |
| A. | Retrenchment strategy |
| B. | Competitive gaming |
| C. | Business strategy |
| D. | Corporate strategy |
| Answer» C. Business strategy | |
| 807. |
_The vision statement answers which question?$? |
| A. | What is our business? |
| B. | How can we improve ourselves? |
| C. | What do we want to become? |
| D. | Who are our stakeholders? |
| Answer» D. Who are our stakeholders? | |
| 808. |
_As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.$? |
| A. | long-term objective |
| B. | short-term objective |
| C. | policy |
| D. | mission statement |
| Answer» E. | |
| 809. |
_The vision and mission statement can often be found$? |
| A. | in the SEC report |
| B. | in annual reports |
| C. | on customer receipts |
| D. | on supplier invoices |
| Answer» C. on customer receipts | |
| 810. |
_Which of the following is not a means to develop a customer commitment focus in the organization?$? |
| A. | Introducing quality control |
| B. | Activity mapping |
| C. | Enhancing customer service |
| D. | Image building |
| Answer» D. Image building | |
| 811. |
_Which of the following is a source of differentiation?$? |
| A. | Relationships with customers |
| B. | Distribution |
| C. | Low costs |
| D. | Unreliability |
| Answer» B. Distribution | |
| 812. |
_Good mission statements identify the ______ of a firms products to its customers$? |
| A. | utility |
| B. | price |
| C. | profit margin |
| D. | demand |
| Answer» B. price | |
| 813. |
_What can be used to promote unbiased views and to manage the development of the mission and vision statement more effectively?$? |
| A. | an internal group |
| B. | a committee of managers |
| C. | command-and-control |
| D. | a facilitator |
| Answer» E. | |
| 814. |
The basic activities of strategic management include:$? |
| A. | offense, defense, and control |
| B. | situation analysis, strategy formulation, implementation, and evaluation |
| C. | development, control, and management |
| D. | ethics, management, and practice |
| Answer» C. development, control, and management | |
| 815. |
Which of the following is NOT a major element of the strategic management process?$? |
| A. | Formulating strategy |
| B. | Implementing strategy |
| C. | Evaluating strategy |
| D. | Assigning administrative tasks |
| Answer» E. | |
| 816. |
______ is any sharp disagreement or collision of interests and ideas.$? |
| A. | Issues management |
| B. | Conflict positioning |
| C. | A conflict |
| D. | A crisis |
| Answer» D. A crisis | |
| 817. |
What do you understand by the term 'a prospector organisation'?$? |
| A. | An organisation that represents a good prospect for a firm looking to make an acquisition |
| B. | An organisation with good growth prospects |
| C. | An organisation that has recently been founded as an entrepreneurial start-up |
| D. | An organisation that actively seeks new opportunities and change |
| Answer» E. | |
| 818. |
Value for shareholders of a firm is measured by:$? |
| A. | customer comments |
| B. | stock performance and profitability |
| C. | sales revenue |
| D. | satisfactory employee targets |
| Answer» C. sales revenue | |
| 819. |
The Holiday Inn, Burlington statement, "If a customer has a need or want, we fill it." is an example of a:$? |
| A. | Business unit goals |
| B. | Marketing objectives |
| C. | Business unit mission |
| D. | Goal of a business segment |
| Answer» C. Business unit mission | |
| 820. |
Firms may view growth opportunities in these terms:$? |
| A. | Current markets and current products |
| B. | Current and new markets, and current products |
| C. | New markets and new products |
| D. | Current and new markets, and current and new products |
| Answer» E. | |
| 821. |
Aggregating prospective buyers into groups is called:$? |
| A. | market categorization |
| B. | market segmentation |
| C. | modeling |
| D. | BCG matrix analysis |
| Answer» C. modeling | |
| 822. |
The competencies or skills that a firm employs to transform inputs into outputs are:$? |
| A. | tangible resources |
| B. | intangible resources |
| C. | organizational capabilities |
| D. | reputational resources |
| Answer» D. reputational resources | |
| 823. |
How often should strategic-management activities be performed?$? |
| A. | Annually |
| B. | Quarterly |
| C. | Monthly |
| D. | Continuously |
| Answer» E. | |
| 824. |
What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements?$? |
| A. | line authority |
| B. | matrix |
| C. | functional |
| D. | quality circle |
| Answer» C. functional | |
| 825. |
Best in Class Benchmarking seeks to assess organisational performance against:$? |
| A. | The nearest geographical competitor |
| B. | The competitor who is 'best in class' wherever that may be |
| C. | The competitor who is the best in the industry |
| D. | The nearest principal competitor |
| Answer» C. The competitor who is the best in the industry | |
| 826. |
International business transactions include$? |
| A. | all commercial transactions between two or more countries |
| B. | private, but not governmental, commercial transactions between two or more countries |
| C. | governmental, but not private, commercial transactions between two or more countries |
| D. | only commercial transactions between two or more countries that are entered for the purpose of making a profit |
| Answer» B. private, but not governmental, commercial transactions between two or more countries | |
| 827. |
An organization is said to have _______ when it has several different businesses that are independent and that formulate their own strategies$? |
| A. | operational units |
| B. | strategic business units |
| C. | competitive advantages |
| D. | legal subunits |
| Answer» C. competitive advantages | |
| 828. |
Which of the following best describes the mode of international business used by most companies?$? |
| A. | mixed ventures |
| B. | foreign direct investment |
| C. | joint ventures |
| D. | exporting and importing |
| Answer» E. | |
| 829. |
What would NOT be a reason for a company to engage in international business?$? |
| A. | To maximize competitive risk |
| B. | To acquire resources |
| C. | To expand sales |
| D. | To diversify sources of sales and supplies |
| Answer» B. To acquire resources | |
| 830. |
Which of the following is not suggested by Markides (1999) as a factor for competitive and strategic success?$? |
| A. | Synergy |
| B. | Careful evaluation of strategic options |
| C. | Ensure consistency between desired strategic position and the chosen strategy |
| D. | Active opportunity searching |
| Answer» D. Active opportunity searching | |
| 831. |
stability strategy is a ____________ strategy$? |
| A. | corporate level |
| B. | business level |
| C. | functional level |
| D. | strategic level |
| Answer» B. business level | |
| 832. |
Middle level managers typically are responsible for ___________ strategies$? |
| A. | business |
| B. | organizational |
| C. | operational |
| D. | corporate |
| Answer» B. organizational | |
| 833. |
An organization that is diversifying its product line is exhibiting what type of growth strategy?$? |
| A. | stability |
| B. | retrenchment |
| C. | growth |
| D. | maintenance |
| Answer» D. maintenance | |
| 834. |
Which of the following is not a way in which organizations can behave more ethically and socially responsibly?$? |
| A. | By avoiding discrimination and improving working conditions |
| B. | By lowering prices to their targeted market, to stimulate demand and increasing profit by increases in productivity to meet customer demands |
| C. | By ensuring product safety |
| D. | By avoiding pollution and safely disposing of waste |
| Answer» C. By ensuring product safety | |
| 835. |
Which of these questions is not addressed by an effective business model?$? |
| A. | What do customers value today? |
| B. | Who are our customers? |
| C. | What does the organization produce? |
| D. | None of the above All are essential questions for effective business models |
| Answer» E. | |
| 836. |
Which one of the following is not a form of non-price competition?$? |
| A. | Branding |
| B. | Innovation |
| C. | Advertising |
| D. | None All of the above increase non-price competition |
| Answer» E. | |
| 837. |
_______ are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons$? |
| A. | Strengths |
| B. | Opportunities |
| C. | Core competencies |
| D. | Weaknesses |
| Answer» D. Weaknesses | |
| 838. |
Which of the following statements best describes strategic management?$? |
| A. | A process consisting of determining objectives and strategic actions to achieve those objectives |
| B. | A process consisting of determining objectives, strategic actions to achieve those objectives, the implementation of desired strategy, and the monitoring of that strategy |
| C. | A process consisting of the determination of direction, strategic actions to achieve objectives, the implementation of desired strategy, and monitoring of that strategy |
| D. | A process for determining direction, strategic actions to achieve objectives, and the implementation of desired strategy |
| Answer» D. A process for determining direction, strategic actions to achieve objectives, and the implementation of desired strategy | |
| 839. |
Which of these is not a key stakeholder that an organization must seek to satisfy?$? |
| A. | Managers |
| B. | Shareholders |
| C. | Employees |
| D. | Customers |
| Answer» B. Shareholders | |
| 840. |
Which of these is not a valid reason in support of focused strategies?$? |
| A. | Greater control |
| B. | Reduction of weak business to develop a strong core |
| C. | Competence consolidation |
| D. | Cost reduction |
| Answer» B. Reduction of weak business to develop a strong core | |
| 841. |
What are designed to guide managers in the pursuit and achievement of strategies and objectives?$? |
| A. | Procedures |
| B. | Budgets |
| C. | Policies |
| D. | Plans |
| Answer» D. Plans | |
| 842. |
In strategic thinking, how long is the long term, approximately?$? |
| A. | 1 month to 1 year |
| B. | 2 to 3 years |
| C. | 3 to 5 years |
| D. | More than 5 years |
| Answer» E. | |
| 843. |
Research into diversification and acquisition can be divided into 4 schools. Which of the following is not one of the schools?$? |
| A. | Environmental |
| B. | Financial |
| C. | Accounting |
| D. | Economic |
| Answer» B. Financial | |
| 844. |
Which of these is not an issue in selecting a business as a divestment candidate?$? |
| A. | Current market position |
| B. | Product life-cycle |
| C. | Alternate uses for resources |
| D. | The size of the business |
| Answer» E. | |
| 845. |
Which of these is not a main determinant of centralization/decentralization?$? |
| A. | Geographical considerations (e g , location etc) |
| B. | Costs |
| C. | Size |
| D. | Demographical considerations (e g , age; ethnicity etc) |
| Answer» E. | |
| 846. |
Buyers market exist when:$? |
| A. | few suppliers in the market |
| B. | buyers purchases in small volume |
| C. | buyers purchases in large volume |
| D. | product of suppliers are unique and differentiated |
| Answer» D. product of suppliers are unique and differentiated | |
| 847. |
Which of the following is not one of Porters five competitive forces?$? |
| A. | Bargaining power of suppliers |
| B. | Threats of new entrants and barriers to entry |
| C. | Threats of technological advances |
| D. | Threats of substitutes |
| Answer» D. Threats of substitutes | |
| 848. |
Divestment is what kind of strategy?$? |
| A. | An asset-reduction strategy |
| B. | A weakness-reduction strategy |
| C. | A product-reduction strategy |
| D. | A cost-reduction strategy |
| Answer» B. A weakness-reduction strategy | |
| 849. |
The slowest way to grow a business is likely to be through:$? |
| A. | A merger |
| B. | outsourcing |
| C. | Internal development |
| D. | A strategic alliance |
| Answer» D. A strategic alliance | |
| 850. |
__________ refers to the purposes an organization strives to achieve$? |
| A. | Strategic Intent |
| B. | Strategic Formulation |
| C. | Strategic Implementation |
| D. | Strategic Control |
| Answer» B. Strategic Formulation | |