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.
| 301. |
Annual objectives |
| A. | Are not critical to success |
| B. | Serve as guidelines for action, directing and channelling efforts and activities of organization members |
| C. | Are not important for employee motivation and identification |
| D. | Do not provide a basis for organizational design |
| Answer» C. Are not important for employee motivation and identification | |
| 302. |
It enables the strategists to take corrective action at the right time |
| A. | Implementation control |
| B. | Special alert control |
| C. | Strategic Surveillance control |
| D. | Premise control |
| Answer» E. | |
| 303. |
In , the company would seek new products that have marketing ortechnological synergies with existing product lines appealing to a new group of customers. |
| A. | Concentric diversification |
| B. | Horizontal diversification |
| C. | Conglomerate diversification |
| D. | None of the above |
| Answer» B. Horizontal diversification | |
| 304. |
SCM Stands for ---------- |
| A. | Suppler-Customer and Money |
| B. | Supply Chain Management |
| C. | Supplier and Customer Management |
| D. | Sales Cost Management. |
| Answer» C. Supplier and Customer Management | |
| 305. |
An organisation’s strategy: |
| A. | remains set in place longer than the mission and objectives |
| B. | generally, forms over a period of time as events unfold |
| C. | tends to be formed at the same time the mission is developed and objectives are formulated |
| D. | is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years |
| Answer» C. tends to be formed at the same time the mission is developed and objectives are formulated | |
| 306. |
In strategic learning, an element defines the articulation of the company's |
| A. | Review process |
| B. | Operational goals |
| C. | Shared vision |
| D. | Business model |
| Answer» D. Business model | |
| 307. |
is not part of an external audit. |
| A. | Analysing competitors |
| B. | Analysing financial ratios |
| C. | Analysing available technologies |
| D. | Studying the political environment |
| Answer» C. Analysing available technologies | |
| 308. |
It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs. |
| A. | Marketing |
| B. | Opportunity analysis |
| C. | Research and development |
| D. | Management |
| Answer» D. Management | |
| 309. |
The environmental segments that comprise the general environment typically willNOT include: |
| A. | demographic factors. |
| B. | sociocultural factors. |
| C. | substitute products or services. |
| D. | technological factors. |
| Answer» D. technological factors. | |
| 310. |
Hofer’s Product matrix is also known as: |
| A. | GE Matrix |
| B. | BCG Matrix |
| C. | TOWS matrix |
| D. | Market Evaluation Matrix |
| Answer» E. | |
| 311. |
Systems are formal and informal rules and regulations that complement the company ……….. |
| A. | strategy |
| B. | structure |
| C. | system |
| D. | environment |
| Answer» C. system | |
| 312. |
Which of the following is not a stage of strategy formulation techniques? |
| A. | Formulation Framework |
| B. | Matching stage |
| C. | External factor evaluation |
| D. | Decision stage |
| Answer» C. External factor evaluation | |
| 313. |
The fundamental purpose for the existence of any organization is described by its |
| A. | policies |
| B. | mission |
| C. | procedures |
| D. | strategy |
| Answer» C. procedures | |
| 314. |
Formal systems are adopted to bring & amalgamation ofdecentralized units into product groups. |
| A. | Manpower |
| B. | Co-ordination |
| C. | Production |
| D. | All of the above |
| Answer» C. Production | |
| 315. |
Which of the following is not a basic determinant of Competitive advantage? |
| A. | Target market |
| B. | Competition |
| C. | USP |
| D. | None of the above. |
| Answer» E. | |
| 316. |
When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit |
| A. | conomic |
| B. | ompetitive |
| C. | olitical |
| D. | ultinational |
| Answer» D. ultinational | |
| 317. |
Marketing strategy is a ___________ type of strategy |
| A. | usiness level |
| B. | rowth strategy |
| C. | orporate strategy |
| D. | unctional strategy |
| Answer» E. | |
| 318. |
What are the means by which long term objectives will be achieved? |
| A. | trategies |
| B. | olicies |
| C. | trength |
| D. | pportunities |
| Answer» B. olicies | |
| 319. |
Stability strategy is a ____________ strategy |
| A. | orporate level |
| B. | usiness level |
| C. | unctional level |
| D. | trategic level |
| Answer» B. usiness level | |
| 320. |
Retrenchment is: |
| A. | hen a company experiences declining profits and makes cutbacks to improve efficiency |
| B. | hen a company adopts a new strategic position for a product or service |
| C. | he sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets |
| D. | ly to take place when an organization lacks a key success factor for a particular market |
| Answer» B. hen a company adopts a new strategic position for a product or service | |
| 321. |
Marketing current products with possible modifications and range increases is also known as what? |
| A. | etrenchment |
| B. | arket penetration |
| C. | roduct development |
| D. | arket development |
| Answer» E. | |
| 322. |
Strategic business units |
| A. | re found in one-business organisations |
| B. | arry out strategies assigned by the CEO |
| C. | evelop their own unique way of competing |
| D. | mplement the marketing function's strategic planning and management decisions |
| Answer» D. mplement the marketing function's strategic planning and management decisions | |
| 323. |
Which of the following is not one of Porters five competitive forces? |
| A. | argaining power of suppliers |
| B. | hreats of new entrants and barriers to entry |
| C. | hreats of technological advances |
| D. | hreats of substitutes |
| Answer» D. hreats of substitutes | |
| 324. |
___________ are short-term milestones or benchmarks that organizations must achieve in order for longer term objectives are to be reached |
| A. | ision |
| B. | ission |
| C. | lans |
| D. | oals |
| Answer» E. | |
| 325. |
A joint venture can be defined as: |
| A. | wo firms collaborate together on a specific project |
| B. | ne firm licenses its intellectual property to another firm |
| C. | wo firms merge together |
| D. | wo firms come together to form a third, legally separate firm |
| Answer» E. | |
| 326. |
The value chain is subdivided into two main headings. These are primary activities and: |
| A. | eripheral activities |
| B. | upport activities |
| C. | econdary activities |
| D. | utsourced activities |
| Answer» C. econdary activities | |
| 327. |
The slowest way to grow a business is likely to be through: |
| A. | merger |
| B. | utsourcing |
| C. | nternal development |
| D. | strategic alliance |
| Answer» D. strategic alliance | |
| 328. |
McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? |
| A. | usiness |
| B. | orporate |
| C. | unctional |
| D. | nternational |
| Answer» C. unctional | |
| 329. |
In which of the following scenarios is a joint venture likely to be more attractive than acquisition? |
| A. | orizontal integration |
| B. | ertical integration |
| C. | ew market entry |
| D. | arger resource pool |
| Answer» B. ertical integration | |
| 330. |
Sustained survival implies |
| A. | hat a turnaround is achieved but there is little further growth |
| B. | hat a turnaround is achieved and there is potential for further growth |
| C. | hat a turnaround is achieved and there is a clear opportunity to employ a new growth strategy |
| D. | hat a turnaround is achieved and it is appropriate to diversify soon |
| Answer» B. hat a turnaround is achieved and there is potential for further growth | |
| 331. |
Divestment is what kind of strategy? |
| A. | n asset-reduction strategy |
| B. | weakness-reduction strategy |
| C. | product-reduction strategy |
| D. | cost-reduction strategy |
| Answer» B. weakness-reduction strategy | |
| 332. |
__________ strategy is often considered as entrepreneurial strategy where firm develops and introduce new products and markets or penetrate markets to build share |
| A. | xpansion Strategy |
| B. | etrenchment Strategy |
| C. | ombination Strategy |
| D. | tability Strategy |
| Answer» B. etrenchment Strategy | |
| 333. |
Which of the following statements is false? Formal strategic planning |
| A. | mplies determined actions for achieving objectives |
| B. | s a time consuming process |
| C. | hould develop clear and rigid plans for the organization to implement |
| D. | s most applicable in stable environments |
| Answer» D. s most applicable in stable environments | |
| 334. |
__________ strategy may require a firm to redefine its business and may involve divestment of a major product line or an SBU, abandon some markets or reduce its functions |
| A. | xpansion Strategy |
| B. | etrenchment Strategy |
| C. | ombination Strategy |
| D. | tability Strategy |
| Answer» C. ombination Strategy | |
| 335. |
__________ refers to the purposes an organization strives to achieve |
| A. | trategic Intent |
| B. | trategic Formulation |
| C. | trategic Implementation |
| D. | trategic Control |
| Answer» B. trategic Formulation | |
| 336. |
Which environment can create new market and new business segments? |
| A. | olitical environment |
| B. | conomic environment |
| C. | ocio cultural environment |
| D. | echnological environment |
| Answer» E. | |
| 337. |
Low cost, Differentiation and Focus are examples of |
| A. | orporate strategies |
| B. | perational strategies |
| C. | usiness strategies |
| D. | unctional strategies |
| Answer» D. unctional strategies | |
| 338. |
Buying another company by one company means: |
| A. | oint venture |
| B. | cquisition |
| C. | malgamation |
| D. | erger |
| Answer» C. malgamation | |
| 339. |
In strategic thinking, how long is the long term, approximately? |
| A. | month to 1 year |
| B. | to 3 years |
| C. | to 5 years |
| D. | ore than 5 years |
| Answer» E. | |
| 340. |
Two reasons for mergers and acquisitions are |
| A. | o increase managerial staff and to minimize economies of scale |
| B. | o reduce tax obligations and increase managerial staff |
| C. | o create seasonal trends in sales and to make better use of a new sales force |
| D. | o provide improved capacity utilization and to gain new technology |
| Answer» E. | |
| 341. |
Which type of strategies are of particular importance to global companies? |
| A. | orporate |
| B. | unctional |
| C. | ompetitive |
| D. | orporate and competitive |
| Answer» E. | |
| 342. |
What is the recommended length of an effective mission statement? |
| A. | ne page |
| B. | ess than 200 words |
| C. | ne sentence of 10 to 20 words |
| D. | here is no recommendationIt can be as long as the management wants |
| Answer» E. | |
| 343. |
Which of the following is associated with successful strategies? |
| A. | reating superior value to customers |
| B. | xploitation of key success factors |
| C. | reating and maintaining strategic fit |
| D. | ll of the above |
| Answer» E. | |
| 344. |
The BCG matrix is based on |
| A. | ndustry attractiveness and Business strength |
| B. | ndustry Growth rate and Business strength |
| C. | ndustry Attractiveness and Relative Market share |
| D. | ndustry growth rate and relative market share |
| Answer» E. | |
| 345. |
What do Cash Cows symbolize in BCG matrix? |
| A. | emain Diversified |
| B. | nvest |
| C. | table |
| D. | iquidate |
| Answer» D. iquidate | |
| 346. |
Selling all of a companys assets in parts for their tangible worth is called: |
| A. | ivestiture |
| B. | oncentric Diversification |
| C. | iquidation |
| D. | nrelated integration |
| Answer» D. nrelated integration | |
| 347. |
What does Question mark symbolize in BCG matrix? |
| A. | emain Diversified |
| B. | nvest |
| C. | table |
| D. | iquidate |
| Answer» B. nvest | |
| 348. |
Strategic Management handles: |
| A. | xternal issues |
| B. | anagement issues |
| C. | nternal issues |
| D. | dministrational issues |
| Answer» B. anagement issues | |
| 349. |
The Reasons for diversification is: |
| A. | o reduce competition |
| B. | o increase organizational capabilities |
| C. | o get tax advantage |
| D. | o get quick entry into a business |
| Answer» C. o get tax advantage | |
| 350. |
Buyers market exist when: |
| A. | ew suppliers in the market |
| B. | uyers purchases in small volume |
| C. | uyers purchases in large volume |
| D. | roduct of suppliers are unique and differentiated |
| Answer» D. roduct of suppliers are unique and differentiated | |