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.
| 951. |
the sketch of the BCG matrix, what is the label of the vertical axis? |
| A. | Market growth rate |
| B. | Business strength |
| C. | Market share |
| D. | Industry growth rate |
| Answer» E. | |
| 952. |
What are the guides to decision making? |
| A. | Rules |
| B. | Procedures |
| C. | Goals |
| D. | Policies |
| Answer» E. | |
| 953. |
A possible and desirable future state of an organization is called: |
| A. | Mission |
| B. | Vision |
| C. | Strategy implementation |
| D. | Strategy formulation |
| Answer» C. Strategy implementation | |
| 954. |
What is the starting point of strategic intent? |
| A. | Objectives |
| B. | Goals |
| C. | Mission |
| D. | Vision |
| Answer» E. | |
| 955. |
The word tactics is most likely to be associated with |
| A. | Business strategy |
| B. | Corporate strategy |
| C. | Operational strategy |
| D. | All of the abvoe |
| Answer» D. All of the abvoe | |
| 956. |
Strategy is developed by the visionary chief executive in ___________ mode of strategic management |
| A. | planning mode |
| B. | adaptive mode |
| C. | strategic mode |
| D. | entrepreneurial mode |
| Answer» E. | |
| 957. |
__________ are the resources, skills or other advantages a firm enjoys relative to its competitors |
| A. | Weakness |
| B. | Strength |
| C. | Threat |
| D. | Opportunities |
| Answer» C. Threat | |
| 958. |
Which of the following elements of strategy affect the process of strategy creation and implementation? |
| A. | Synergy |
| B. | The strategic leader???s perspective on strategy |
| C. | Structure |
| D. | Strategic paradoxes |
| Answer» E. | |
| 959. |
The pie slices within the circles of a ________ reveal the percent of corporate profits contributed by each division |
| A. | QSPM |
| B. | BCG matrix |
| C. | SPACE matrix |
| D. | Grand strategy matrix |
| Answer» C. SPACE matrix | |
| 960. |
The strategic management process is |
| A. | a set of activities that is guaranteed to prevent organizational failure |
| B. | a process concerned with a firms resources, capabilities, and competencies, but not the conditions in its external environment |
| C. | a set of activities that to date have not been used successfully in the not-for-profit sector |
| D. | a dynamic process involving the full set of commitments, decisions, and actions related to the firm |
| Answer» E. | |
| 961. |
Which of the following statements best describes the concept of strategic awareness? |
| A. | Managers understanding of the organizations history, competencies, and current strategy |
| B. | Managers understanding of current strategy and its effectiveness |
| C. | Managers understanding of the strategic options available to the organization |
| D. | Managers understanding the organizations strategy, its effectiveness |
| Answer» E. | |
| 962. |
Corporate governance is concerned with: |
| A. | Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures |
| B. | Elections to the board of directors |
| C. | Relationships with national governments |
| D. | Corporate-level strategy |
| Answer» B. Elections to the board of directors | |
| 963. |
Which of the following is not a recognized element of corporate strategy? |
| A. | Competitive advantage |
| B. | Closure |
| C. | Acquisition |
| D. | Divestment |
| Answer» B. Closure | |
| 964. |
Analysing the ext environment and the organisations resources are part of the: |
| A. | Functional level planning process |
| B. | Determining the mission of the business |
| C. | Financial planning process |
| D. | Strategic planning process |
| Answer» E. | |
| 965. |
When does horizontal integration occur? |
| A. | When a firm acquires or merges with a major competitor |
| B. | When a firm acquires or merges with a an unrelated business |
| C. | When a firm acquires or merges with a distributor |
| D. | When a firm acquires or merges with a supplier firm |
| Answer» B. When a firm acquires or merges with a an unrelated business | |
| 966. |
Name one of the strategic pressures that could weaken an unprepared organization? |
| A. | Exploitation of opportunities |
| B. | Lax controls that indulge flexibility |
| C. | Adaptation along the strategic path |
| D. | Too many controls at the expense of flexibility |
| Answer» E. | |
| 967. |
What is an emergent strategy? |
| A. | One with clear objectives leading to a clear strategy |
| B. | One with no specific objectives, that is fully flexible, using opportunism to seize the main chance at the right moment |
| C. | One with a formal approach to adaptive strategy creation, so that in a turbulent environment objectives and strategies can be adjusted |
| D. | One that has a clear mission and directional objectives but that also recognizes the need for flexibility |
| Answer» C. One with a formal approach to adaptive strategy creation, so that in a turbulent environment objectives and strategies can be adjusted | |
| 968. |
_________ begins with identifying the industry's dominant economic features and forming a picture of the industry landscape |
| A. | Organizational analysis |
| B. | Industry analysis |
| C. | Environmental analysis |
| D. | Competitive analysis |
| Answer» C. Environmental analysis | |
| 969. |
What or who are Reactors? |
| A. | Innovative and entrepreneurial organizations |
| B. | Organizations which follow industry trends |
| C. | Conservative and low risk organizations |
| D. | Organizations with limited change and measured steps |
| Answer» C. Conservative and low risk organizations | |
| 970. |
Which of the following would a market-driven business most likely be? |
| A. | Competitive |
| B. | Efficient |
| C. | Flexible |
| D. | Resourceful |
| Answer» E. | |
| 971. |
What is the planning gap? |
| A. | A concept that is used to clarify the extent of revenue or profits gap that might emerge if current strategies are left unchanged |
| B. | The time between the strategic plan being devised and the time it is actually implemented |
| C. | The time between the conception of a strategic plan and the formalization of it |
| D. | Any part of a plan that has not been formalized which allows for flexibility and the introduction of any new developments that could enhance the current strategy |
| Answer» B. The time between the strategic plan being devised and the time it is actually implemented | |
| 972. |
Which of these is not a role for a planner as discussed by Robinson (1986) |
| A. | To help managers make decisions regarding strategic changes |
| B. | To enable good managers to plan |
| C. | To state objectives |
| D. | To concentrate on understanding the future |
| Answer» D. To concentrate on understanding the future | |
| 973. |
______________ are defined as resources, skills and attributes of an organization that are essential to deliver success in the market place |
| A. | Balanced score card |
| B. | Industrial analysis |
| C. | Core competencies |
| D. | Critical success facotrs |
| Answer» E. | |
| 974. |
The concept Core competence was developed by |
| A. | Schwiz Marker |
| B. | Peter Schiffman |
| C. | Prahalad and Gary |
| D. | None of the above |
| Answer» D. None of the above | |
| 975. |
SBU stands for |
| A. | satisfied business unit |
| B. | stratified business unit |
| C. | strategic building unit |
| D. | strategic business unit |
| Answer» E. | |
| 976. |
Firms that practice unrelated mergers___________ |
| A. | conglomerate |
| B. | hostile |
| C. | friendly |
| D. | retrenchment |
| Answer» B. hostile | |
| 977. |
__________ of an organization deals with investigation of organizational strengths and weaknesses by focusing on factors which are relevant to it |
| A. | External analysis |
| B. | Internal analysis |
| C. | Industry analysis |
| D. | Business analysis |
| Answer» C. Industry analysis | |
| 978. |
Developing a __________ is like having a dream to be covered into reality in future |
| A. | Mission |
| B. | Objectives |
| C. | Goals |
| D. | Vision |
| Answer» E. | |
| 979. |
Which of these statements best describes all the benefits a company can derive from analyzing its financial performance? |
| A. | It can make comparisons with competitors, reveal lost profit and growth potential, emphasize possible dangers and enable a study of trends and progress |
| B. | It can make comparisons with competitors, reveal lost profit and growth potential and isolate neglected market sectors |
| C. | It can reveal lost profit and growth potential, emphasize possible dangers and isolate neglected market segments |
| D. | It can make comparisons with competitors, reveal lost profit and growth potential and reveal possible trends in the development of the company's share price |
| Answer» B. It can make comparisons with competitors, reveal lost profit and growth potential and isolate neglected market sectors | |
| 980. |
The mission 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» B. How can we improve ourselves? | |
| 981. |
The purpose of a mission statement is to declare all of these except |
| A. | a reason for being |
| B. | an annual financial plan |
| C. | a statement of purpose |
| D. | a statement of beliefs |
| Answer» C. a statement of purpose | |
| 982. |
The _______________ has its own business strategy, objectives and competitors and these are often differ from parent company |
| A. | Strategic Business Unit structure |
| B. | Matrix structure |
| C. | Divisional structure |
| D. | None of given option |
| Answer» B. Matrix structure | |
| 983. |
Which of the following best relates to market share? Market share is: |
| A. | the best indicator of performance |
| B. | not important |
| C. | indicative of competitive advantage |
| D. | subjective |
| Answer» E. | |
| 984. |
Which component of a mission statement addresses the firms distinctive competence or major competitive advantage? |
| A. | Technology |
| B. | Philosophy |
| C. | Concern for public image |
| D. | Self-concept |
| Answer» E. | |
| 985. |
What are focus strategies? |
| A. | Where a company focuses on achieving lower costs than its rivals so as to compete across a broad range of market segments |
| B. | Where a company chooses to concentrate on only one market segment or a limited range of segments |
| C. | When a company conducts market research through focus groups to determine how their strategy should be shaped |
| D. | When a company focuses on supplying differentiated products which appeal to different market segments |
| Answer» C. When a company conducts market research through focus groups to determine how their strategy should be shaped | |
| 986. |
The process of developing a mission statement includes which of these as the first activity? |
| A. | A request to modify the current document |
| B. | Ask managers to read selected articles about mission statements |
| C. | Ask managers to prepare a mission statement for the organization |
| D. | A merging of several mission statements into one document |
| Answer» C. Ask managers to prepare a mission statement for the organization | |
| 987. |
When actual performance results are better than what the plan called for, managers should: |
| A. | ignore it |
| B. | sell more products |
| C. | issue more stock options to employees |
| D. | increase prices |
| Answer» E. | |
| 988. |
Situation analysis allows the organization to examine: |
| A. | external factors only |
| B. | internal factors only |
| C. | the organization's top management only |
| D. | both external and internal factors |
| Answer» E. | |
| 989. |
Which of the following management accounting systems places a very strong emphasis on incorporating data relating to its competitors in the preparation of management reports? |
| A. | Activity based management |
| B. | Flexible budgeting |
| C. | Strategic management accounting |
| D. | Sales variance analysis |
| Answer» D. Sales variance analysis | |
| 990. |
______ is any verbal or written exchange that attempts to communicate information regarding risk to public health and safety and the environment. |
| A. | Image restoration |
| B. | Risk communication |
| C. | Conflict positioning |
| D. | Reputation management |
| Answer» C. Conflict positioning | |
| 991. |
If an organization is to survive, which of the following is most essential? |
| A. | Strong financial performance |
| B. | Committed employees |
| C. | High level of service |
| D. | Customer retention |
| Answer» D. Customer retention | |
| 992. |
The business unit strategy has three major components: |
| A. | mission, business, and SBU goals |
| B. | marketing, advertising and pricing objectives |
| C. | mission, business unit goals, and competencies |
| D. | business mission, department mission, and daily plans |
| Answer» D. business mission, department mission, and daily plans | |
| 993. |
Business unit competencies should be distinctive enough to provide a(n): |
| A. | clear understanding of who you want to lead the company |
| B. | competitive advantage |
| C. | opportunity to compete on a productivity basis |
| D. | additional strategic mission |
| Answer» C. opportunity to compete on a productivity basis | |
| 994. |
In the strategic marketing process, once you get results you go into the: |
| A. | control phase |
| B. | marketing plan |
| C. | planning phase |
| D. | marketing program |
| Answer» B. marketing plan | |
| 995. |
Which of the following lists is comprised of support activities: |
| A. | human resource management, information systems, procurement, and firm infrastructure |
| B. | customer service, information systems, technology development, and procurement |
| C. | human resource management, technology development, customer service, and procurement |
| D. | human resource management, customer service, marketing and sales, and operations |
| Answer» B. customer service, information systems, technology development, and procurement | |
| 996. |
Job titles that refer to strategists include which of the following? |
| A. | External audit |
| B. | Owner, entrepreneur, executive director, and accountant |
| C. | Chief executive officer, salesman, dean, and lawyer |
| D. | Owner, dean, president, and executive director |
| Answer» E. | |
| 997. |
The "balanced scorecard" supplies top managers with a _____________ view of the business. |
| A. | long-term financial |
| B. | detailed and complex |
| C. | simple and routine |
| D. | fast but comprehensive |
| Answer» E. | |
| 998. |
Strategic stretch involves: |
| A. | The fit between the organisation and its environment |
| B. | Creating new opportunities by stretching and exploiting capabilities in new ways |
| C. | The skills of the senior management |
| D. | Utilising all the resources of an organisation to their full capacity |
| Answer» C. The skills of the senior management | |
| 999. |
Functional level strategy directly supports |
| A. | corporate strategy |
| B. | business strategy |
| C. | differentiation strategy |
| D. | focus strategy |
| Answer» C. differentiation strategy | |
| 1000. |
A _______ strategy addresses organizational weaknesses, helps stabilize operations and revitalizes organizational resources and capabilities |
| A. | unrelated diversification |
| B. | horizontal integration |
| C. | vertical integration |
| D. | retrenchment |
| Answer» E. | |