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.
| 901. |
________ are external forces affecting organizations? |
| A. | Technological forces |
| B. | Political forces |
| C. | Economic forces |
| D. | All of the above |
| Answer» E. | |
| 902. |
______________ strategy involves adopting a combined approach of low costs and high local respnsiveness simultaneously by the firms for their products and services? |
| A. | Global |
| B. | Multidomestic |
| C. | International |
| D. | Transnational |
| Answer» E. | |
| 903. |
______________ is called as a bundle of resources? |
| A. | Industry |
| B. | Unit |
| C. | Organization |
| D. | Management |
| Answer» D. Management | |
| 904. |
Why of the following is the best reason for why strategic planning is still important today?? |
| A. | Without a formal strategic plan a company cannot expect to compete effectively |
| B. | Without a strategic plan an organization can drift without purpose or definition |
| C. | Without it, companies would exist without cause or co-ordination |
| D. | Because of slower economic growth, globalization and technological change |
| Answer» E. | |
| 905. |
In __________ strategy firms try to achieve a high levels of local responsiveness by making their product or service offering to the requirement of the countries they operate? |
| A. | Global |
| B. | Multidomestic |
| C. | International |
| D. | Transnational |
| Answer» C. International | |
| 906. |
The word strategy originated from ___________? |
| A. | stratagos' |
| B. | stratum |
| C. | statistics |
| D. | straight |
| Answer» B. stratum | |
| 907. |
Swot Analysis is done to know the? |
| A. | strengths |
| B. | Threats and strengths |
| C. | Weaknesses and opportunities |
| D. | Threats, strengths Weaknesses and opportunities |
| Answer» E. | |
| 908. |
Which of the following is one of the factors related to the issue of the feasibility of a strategy?? |
| A. | Skills and resources, available and needed |
| B. | Levels of return expected |
| C. | Finance and other resource availability |
| D. | Effect on strategic perspective |
| Answer» D. Effect on strategic perspective | |
| 909. |
Which of the following is not a key theme in market development?? |
| A. | Identifying new uses for existing products and services |
| B. | Strategic positioning |
| C. | Developing new products for new markets and segments |
| D. | Identifying new markets and segments |
| Answer» D. Identifying new markets and segments | |
| 910. |
According to Schein (1985), what are the levels that make up a company's culture? |
| A. | Artifacts, values, underlying assumptions, and behaviors |
| B. | Artifacts, values, and underlying assumptions |
| C. | Artifacts, communications, underlying assumptions, and behaviors |
| D. | Values, communications, and underlying assumptions |
| Answer» B. Artifacts, values, and underlying assumptions | |
| 911. |
Which of the following is not one of the four key strategic elements linked to corporate objectives? |
| A. | Competitive environment |
| B. | Stakeholder expectations |
| C. | Research and development |
| D. | Organization structure |
| Answer» D. Organization structure | |
| 912. |
Which of the following is not a characteristic of the Internet? |
| A. | Provides information |
| B. | Facilitates communication |
| C. | Provides competitive advantage |
| D. | Enables electronic trading |
| Answer» B. Facilitates communication | |
| 913. |
Which of the following is not an example of a managerial mindset? |
| A. | Analytic |
| B. | Reflective |
| C. | Competent |
| D. | Co-operative |
| Answer» D. Co-operative | |
| 914. |
The goal of the cost leader is to: |
| A. | start a price war |
| B. | minimize wages |
| C. | charge the lowest price |
| D. | make high margins |
| Answer» E. | |
| 915. |
Which of these characteristics best describes a customer-driven organization? |
| A. | Unresponsiveness |
| B. | Cost reduction |
| C. | Responsiveness |
| D. | Innovation |
| Answer» D. Innovation | |
| 916. |
Which of the following is not a factor in the positioning of an organization in an industry? |
| A. | Competitive advantage |
| B. | Rate of growth |
| C. | Market share |
| D. | Size |
| Answer» C. Market share | |
| 917. |
Which of the following is a skill required by organizations to deal with competitive chaos? |
| A. | The ability to share information among all managers |
| B. | The ability to operate efficiently and effectively |
| C. | The ability to discern patters in the dynamic environment and competitive chaos, and spot opportunities ahead of rivals |
| D. | The ability to benchmark competitors |
| Answer» D. The ability to benchmark competitors | |
| 918. |
Which of the following is NOT a characteristic of strategic management that makes it different from other types of management? |
| A. | It is interdisciplinary |
| B. | It has an external focus |
| C. | It has an internal focus |
| D. | It concerns the present direction of the organization |
| Answer» E. | |
| 919. |
Which of the following is an issue considered in developing corporate strategies? |
| A. | What business(es) are we in? |
| B. | What direction are we going? |
| C. | What resources do we have to implement our strategies? |
| D. | What businesses are we in and what to do with those businesses? |
| Answer» E. | |
| 920. |
What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives? |
| A. | Balanced scorecard |
| B. | Benchmarking |
| C. | Performance measurement |
| D. | Target setting |
| Answer» D. Target setting | |
| 921. |
This is the last stage in the conflict management lifecycle. |
| A. | Environmental scanning |
| B. | Risk communication |
| C. | Image restoration |
| D. | Issues management |
| Answer» D. Issues management | |
| 922. |
The corporate level is where top management directs: |
| A. | all employees for orientation |
| B. | its efforts to stabilize recruitment needs |
| C. | overall strategy for the entire organization |
| D. | overall sales projections |
| Answer» D. overall sales projections | |
| 923. |
Disney is in the business of: |
| A. | theme parks or movies |
| B. | creating entertainment, fun and fantasy |
| C. | building theme parks |
| D. | designing new imaginative characters |
| Answer» C. building theme parks | |
| 924. |
TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of _________: |
| A. | benchmarking |
| B. | brainstorming |
| C. | reverse brainstorming |
| D. | product maintenance |
| Answer» B. brainstorming | |
| 925. |
Ben & Jerry had four market-product strategies to expand sales. They included (1) market penetration, (2) product development, (3) market development and: |
| A. | current customer retention |
| B. | defensive synergy |
| C. | diversification |
| D. | product simplification |
| Answer» D. product simplification | |
| 926. |
Although firm infrastructure is quite frequently viewed only as overhead expense, it can become a source of competitive advantage. Examples include all of the following except: |
| A. | negotiating and maintaining ongoing relations with regulatory bodies |
| B. | marketing expertise increasing a firm's revenues and enabling it to enter new markets |
| C. | effective information systems contributing significantly to a firm's overall cost leadership strategy |
| D. | top management providing a key role in collaborating with important customers |
| Answer» C. effective information systems contributing significantly to a firm's overall cost leadership strategy | |
| 927. |
Relative deficiency or superiority is important information in performing which activity? |
| A. | External audit |
| B. | Allocating resources |
| C. | Internal audit |
| D. | Evaluating strategies |
| Answer» D. Evaluating strategies | |
| 928. |
Industry boundaries are blurring at an incredible rate as companies are recognizing that new opportunities lie at the intersection of two or more industries this is called ________. |
| A. | globalization |
| B. | customization |
| C. | cindustry convergence |
| D. | heightened competition |
| Answer» D. heightened competition | |
| 929. |
What are core competences? |
| A. | Resources which critically underpin competitive advantage and that others cannot obtain |
| B. | Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist |
| C. | Key skills required for success in a particular business |
| D. | Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain |
| Answer» E. | |
| 930. |
What is the most appropriate method of categorizing stakeholders? |
| A. | Relative power only |
| B. | Relative level of interest only |
| C. | Relative power and interest |
| D. | Relative power, interest, and amount of stock held |
| Answer» D. Relative power, interest, and amount of stock held | |
| 931. |
Which one of the following are considered to be synergistic benefits for LVMH? |
| A. | Joint ventures |
| B. | Similarity of portfolio |
| C. | Commercial exploitation |
| D. | Name association |
| Answer» E. | |
| 932. |
Which of the following factors does not increase the bargaining power of a supplier? |
| A. | Substitutability |
| B. | Concentration of suppliers |
| C. | A buyer is important to the supplier |
| D. | High switching costs |
| Answer» D. High switching costs | |
| 933. |
How is an organization most likely to secure and sustain a position of strength in its associated environment? |
| A. | By seeking to influence and manage their external environment |
| B. | By seeking to influence their competitors' environment |
| C. | By seeking to influence and manage their internal environment |
| D. | By seeking to restrict changes within their environment |
| Answer» B. By seeking to influence their competitors' environment | |
| 934. |
An investment that gives the investor a controlling interest in a foreign company is known as which of the following? |
| A. | foreign portfolio investment |
| B. | foreign direct investment |
| C. | mixed venture |
| D. | pure venture |
| Answer» C. mixed venture | |
| 935. |
What is likely to be the effect of a logical corporate strategy but poor strategy implementation. |
| A. | Strategic weaknesses and underachievement |
| B. | Fragmented performance through strategic and structural flaws |
| C. | Structural and stylistic flaws |
| D. | Effectiveness but little efficiency |
| Answer» D. Effectiveness but little efficiency | |
| 936. |
Which of the following is not an aspect of a definition of the term budgets? |
| A. | Concerned with allocation of resources and investment |
| B. | A strategic plan outlining means to utilize budget, make sales, and generate profits |
| C. | Numerical or financial expression of money to be spent by departments and for what purpose |
| D. | Information on cash-flow |
| Answer» C. Numerical or financial expression of money to be spent by departments and for what purpose | |
| 937. |
Many merger discussions breakdown or are abandoned. Which of these is not a reason why? |
| A. | Egos can get in the way |
| B. | Reluctance to accept which will become ???number two??? |
| C. | The bid is deemed hostile leading to aggressive defense |
| D. | Inadequate consultation with shareholders who then intervene |
| Answer» D. Inadequate consultation with shareholders who then intervene | |
| 938. |
Acquisitions often fail to deliver the successes that were predicted prior to acquisition. What is the main reason for this failure? |
| A. | Premium price |
| B. | Poor strategic leadership |
| C. | Goodwill |
| D. | Synergy |
| Answer» C. Goodwill | |
| 939. |
Which of these is not a reason for why employees resist the implementation of strategic changes? |
| A. | Anxiety regarding jobs |
| B. | Lack of necessary strategic resources |
| C. | Lack of knowledge |
| D. | Poor strategic leadership |
| Answer» C. Lack of knowledge | |
| 940. |
In Ansoff's matrix, product development involves going in the direction of |
| A. | present products to present markets |
| B. | present products to new markets |
| C. | new products to present markets |
| D. | new products to new markets |
| Answer» D. new products to new markets | |
| 941. |
A question for business level strategy would be |
| A. | Which industries do we want to be in? |
| B. | How should the businesses be related? |
| C. | How should the business compete in its market? |
| D. | How should resources be shared amongst the businesses? |
| Answer» D. How should resources be shared amongst the businesses? | |
| 942. |
Porter's generic strategies are |
| A. | Low price, differentiation, focus |
| B. | Cost leadership, differentiation, cost focus, focus differentiation |
| C. | Price leadership, differentiation, focus |
| D. | Low cost, differentiation, focus differentiation |
| Answer» C. Price leadership, differentiation, focus | |
| 943. |
The acronym SWOT stands for |
| A. | Special Weapons for Operations Timeliness |
| B. | Services, Worldwide Optimization and Transport |
| C. | Strengths, Weakness, Opportunities and Threats |
| D. | None of the above |
| Answer» D. None of the above | |
| 944. |
Which of the following is one of the four key elements which must be adhered to if synergy is to be achieved? |
| A. | Efficiency |
| B. | Competitive strategies |
| C. | Customer satisfaction |
| D. | Effective leadership |
| Answer» E. | |
| 945. |
Which of the following is not a purpose of strategic thinking? |
| A. | To realize what needs to change |
| B. | To establish the agenda for managing strategic change |
| C. | To clarify future direction |
| D. | To allocate scarce resources |
| Answer» B. To establish the agenda for managing strategic change | |
| 946. |
Which one of the following does not influence organizational learning? |
| A. | Awareness of wider environmental developments |
| B. | Knowledge of competitor activity |
| C. | Reflecting on past actions |
| D. | Applying activity maps |
| Answer» E. | |
| 947. |
______ is the collection of managerial decisions and actions that determine the long-run performance of an organization |
| A. | planning |
| B. | goal-oriented management |
| C. | strategic management |
| D. | leadership |
| Answer» D. leadership | |
| 948. |
Which type of trend can be exemplified by the increasing numbers of two income households in a society? |
| A. | Solid |
| B. | Economic |
| C. | Cultural |
| D. | Technological |
| Answer» C. Cultural | |
| 949. |
All of the following are key opportunities and threats in external environment because of political, government and legal forces except: |
| A. | Tax rate |
| B. | Social security program |
| C. | Cross boarder relationship |
| D. | Patent law |
| Answer» C. Cross boarder relationship | |
| 950. |
Which would be classified as a stakeholder? |
| A. | Communities |
| B. | Banks |
| C. | Suppliers |
| D. | Communities Banks Suppliers |
| Answer» E. | |