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.
| 351. |
One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material waste is not more than 10% , she spends her day performing the management process of: |
| A. | lanning |
| B. | rganizing |
| C. | eading |
| D. | ontrolling |
| Answer» E. | |
| 352. |
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. | orporate philosophy statement |
| B. | ompany creed |
| C. | ision statement |
| D. | ission statement |
| Answer» D. ission statement | |
| 353. |
From the following activity which does not comes under the primary activities of value Chain analysis: |
| A. | perations |
| B. | echnology development |
| C. | arketing and sales |
| D. | ervices |
| Answer» C. arketing and sales | |
| 354. |
Corporate level strategy deals with: |
| A. | bjectives of specific functions |
| B. | bjective of Single strategic Business Unit |
| C. | bjectives of the corporate |
| D. | bjectives of specific operations |
| Answer» D. bjectives of specific operations | |
| 355. |
Which of the following requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies? |
| A. | trategy formulation |
| B. | trategy evaluation |
| C. | trategy implementation |
| D. | trategy estimation |
| Answer» D. trategy estimation | |
| 356. |
The magnitude and changes that may affect an organization is survival owing to all of the following except: |
| A. | erger-mania |
| B. | emographics |
| C. | -commerce |
| D. | ubious firms |
| Answer» E. | |
| 357. |
Bargaining power of customers is high if: |
| A. | ifferentiation of competitors product is low |
| B. | witching costs are low for substitute products |
| C. | he buyer has little information about the market |
| D. | he buyer requires a high quality product for own production |
| Answer» B. witching costs are low for substitute products | |
| 358. |
Internal audit is done: |
| A. | efore external audit |
| B. | fter external audit |
| C. | arallel to external audit |
| D. | ertical to external audit |
| Answer» D. ertical to external audit | |
| 359. |
Abdullah group of industries is involved in the sale of its marginal business. It is most likely to say that Abdullah group is implementing which one of the following strategies? |
| A. | etrenchment |
| B. | iquidation |
| C. | cquisition |
| D. | oin venture |
| Answer» B. iquidation | |
| 360. |
Which of the following statements is not true reg corporate strategies? |
| A. | hey are concerned with the broad and more long-term issues of the organization |
| B. | hey are concerned with how the organization is going to compete in a specific business or industry |
| C. | re concerned with the direction the organization is headed |
| D. | hey are concerned with the business(es) that the organization is in and the businesses they want to be in |
| Answer» C. re concerned with the direction the organization is headed | |
| 361. |
Industry/sector benchmarking compares: |
| A. | rganisational performance between firms/public sector organisations in different industries or sectors |
| B. | rganisational performance between firms/public sector organisations in the same industry or sector |
| C. | rganisational performance between firms/public sector organisations in different countries |
| D. | rganisational performance between different divisions of the firm |
| Answer» C. rganisational performance between firms/public sector organisations in different countries | |
| 362. |
What is the purpose of an activity map? |
| A. | system to facilitate better time-planning |
| B. | t is used in business process reengineering to show how the different activities of an organisation are linked together |
| C. | t is used to identify and understand strategic capability by mapping how the different activities of an organisation are linked together |
| D. | list of activities undertaken by an organisation |
| Answer» D. list of activities undertaken by an organisation | |
| 363. |
the sketch of the BCG matrix, what is the label of the horizontal axis? |
| A. | ndustry growth rate |
| B. | arket share |
| C. | arket growth rate |
| D. | usiness strength |
| Answer» C. arket growth rate | |
| 364. |
Which strategies aim at improving internal weakness by taking advantage of external opportunities? |
| A. | O |
| B. | O |
| C. | W |
| D. | T |
| Answer» C. W | |
| 365. |
Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businesses? |
| A. | conomic |
| B. | ocial |
| C. | nvironmental |
| D. | ompetitive |
| Answer» E. | |
| 366. |
The primary benefit brought from restructuring is: |
| A. | mployee involvement |
| B. | ost reduction |
| C. | ncreased morale |
| D. | ncreased number and organizational hierarchy |
| Answer» C. ncreased morale | |
| 367. |
the following are considered grand strategies, except for: |
| A. | retrenchment strategy |
| B. | trategic business units |
| C. | growth strategy |
| D. | elated diversification |
| Answer» C. growth strategy | |
| 368. |
A company offers unique products that are widely valued by customers, it is likely to follow a: |
| A. | ifferentiation strategy |
| B. | ombination strategy |
| C. | ocus strategy |
| D. | ost-leadership strategy |
| Answer» B. ombination strategy | |
| 369. |
According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as: |
| A. | cash cow |
| B. | star |
| C. | dog |
| D. | question mark |
| Answer» E. | |
| 370. |
an organisation increases its sales through greater marketing efforts, and expands its workforce and production capacity to cope with the increase in demand for its product, it is following a growth strategy in which growth is achieved through: |
| A. | nrelated diversification |
| B. | cquisition |
| C. | erger |
| D. | irect expansion |
| Answer» E. | |
| 371. |
Select the most accurate statement. Value |
| A. | eans value for money |
| B. | s best described as the benefits the business chooses to give to customers through its product/service |
| C. | s the benefits of a product/service as perceived by the customer |
| D. | oes not offer competitive advantage |
| Answer» D. oes not offer competitive advantage | |
| 372. |
The impact of strategies on the general direction and basic character of a company is |
| A. | hort range |
| B. | edium range |
| C. | ong range |
| D. | inimal |
| Answer» D. inimal | |
| 373. |
Select the statement that best applies to emergent strategies. Emergent strategy... |
| A. | mplies an ability to react to events |
| B. | mplies strategizing |
| C. | mplies no deviation from plans |
| D. | mplies constant evaluation of the bigger picture |
| Answer» B. mplies strategizing | |
| 374. |
Which one of the following is of concern for not-for-profit organizations? |
| A. | he markets to service |
| B. | dentifying suppliers to deal with |
| C. | eveloping capabilities |
| D. | uilding monopolies |
| Answer» B. dentifying suppliers to deal with | |
| 375. |
Which one of the following is not one of the elements of strategic thinking described by Campbell and Alexander (1997)? |
| A. | rganizational culture |
| B. | utlining of competencies |
| C. | uture-gazing |
| D. | rganizational behavior |
| Answer» C. uture-gazing | |
| 376. |
Which of the following is a force in the Porter's five forces model of industry attractiveness? |
| A. | pportunity for new entrants |
| B. | pportunity for substitutes |
| C. | argaining power of suppliers |
| D. | ustainable competitive advantage for customers |
| Answer» D. ustainable competitive advantage for customers | |
| 377. |
An organization is said to have _______ when it has several different businesses that are independent and that formulate their own strategies |
| A. | perational units |
| B. | trategic business units |
| C. | ompetitive advantages |
| D. | egal subunits |
| Answer» C. ompetitive advantages | |
| 378. |
International business has grown rapidly in recent decades for all the following reasons EXCEPT |
| A. | apid expansion of technology |
| B. | iberalization of governmental policies on cross-border movement of trade and resources |
| C. | evelopment of institutions to support and facilitate international trade |
| D. | ncreased cost of labor in both the lesser-developed and developing countries |
| Answer» E. | |
| 379. |
Which of the following would not be considered a barrier to entry? |
| A. | igh innovation |
| B. | oncentration of distribution channels |
| C. | teep experience curves |
| D. | oncentration of suppliers |
| Answer» B. oncentration of distribution channels | |
| 380. |
What would NOT be a reason for a company to engage in international business? |
| A. | o maximize competitive risk |
| B. | o acquire resources |
| C. | o expand sales |
| D. | o diversify sources of sales and supplies |
| Answer» B. o acquire resources | |
| 381. |
Which of the following statements best describes scenario planning? |
| A. | xploring future possibilities by looking at potential outcomes from particular causes and seeking to explain why things might occur |
| B. | onsidering three likely scenarios for future developments, and devising a strategy according to the likeliest outcome |
| C. | elping managers come to terms with the threats and opportunities within the company by devising a possible scenario to eliminate the threats and capitalize on the opportunities |
| D. | lanning the best way to secure the scenario outcome that would benefit the company most |
| Answer» B. onsidering three likely scenarios for future developments, and devising a strategy according to the likeliest outcome | |
| 382. |
What is monopoly power? |
| A. | hen an organization has absolute power in its chosen marketplace |
| B. | hen an organization has power over its immediate rivals in its chosen marketplace |
| C. | hen an organization has limited power in its chosen marketplace |
| D. | hen an organization buys out another organization and assumes power of its share of the marketplace |
| Answer» B. hen an organization has power over its immediate rivals in its chosen marketplace | |
| 383. |
International business transactions include |
| A. | ll commercial transactions between two or more countries |
| B. | rivate, but not governmental, commercial transactions between two or more countries |
| C. | overnmental, but not private, commercial transactions between two or more countries |
| D. | nly commercial transactions between two or more countries that are entered for the purpose of making a profit |
| Answer» B. rivate, but not governmental, commercial transactions between two or more countries | |
| 384. |
Exports and imports apply mostly to which of the following? |
| A. | ervices |
| B. | erchandise |
| C. | ntellectual property |
| D. | icensing |
| Answer» C. ntellectual property | |
| 385. |
What is the danger of excessive monopoly power? |
| A. | he organization will charge high prices |
| B. | he organization will not attempt to cut costs |
| C. | he organization will change strategy to seek to fully exploit its power |
| D. | he organization will stifle innovation |
| Answer» D. he organization will stifle innovation | |
| 386. |
Which of the following best describes the mode of international business used by most companies? |
| A. | ixed ventures |
| B. | oreign direct investment |
| C. | oint ventures |
| D. | xporting and importing |
| Answer» E. | |
| 387. |
To succeed, Ansoff (1987) demands that organizations become |
| A. | ore aggressive in terms of competitive strategies and entrepreneurialism or change orientation |
| B. | ore aggressive in terms of competitive strategies |
| C. | ore aggressive in terms of competitive strategies and in their pursuit of opportunities |
| D. | ore aggressive in terms of competitive strategies and innovation |
| Answer» B. ore aggressive in terms of competitive strategies | |
| 388. |
In order to have controlling interest in a foreign company |
| A. | n investor must have at least 100 % interest in the foreign company |
| B. | n investor must have at least 50% interest in the foreign company |
| C. | n investor may hold a minority stake if the remaining ownership is widely dispersed |
| D. | n investor must make all decisions at headquarters about the foreign company |
| Answer» D. n investor must make all decisions at headquarters about the foreign company | |
| 389. |
Which of the following is not suggested by Markides (1999) as a factor for competitive and strategic success? |
| A. | ynergy |
| B. | areful evaluation of strategic options |
| C. | nsure consistency between desired strategic position and the chosen strategy |
| D. | ctive opportunity searching |
| Answer» D. ctive opportunity searching | |
| 390. |
The two internal elements of SWOT analysis are |
| A. | eaknesses and threats |
| B. | pportunities and threats |
| C. | trength and weaknesses |
| D. | trengths and threats |
| Answer» D. trengths and threats | |
| 391. |
Which one of the following would not be considered a functional strategy? |
| A. | inancial |
| B. | arketing |
| C. | roduct-market |
| D. | perations |
| Answer» D. perations | |
| 392. |
Which of the following is a key external factors that should be taken into account by a corporate strategy? |
| A. | conomic conditions |
| B. | olitical conditions |
| C. | egal environments |
| D. | ompetition |
| Answer» E. | |
| 393. |
Which of the following statements best describes strategic management? |
| A. | process consisting of determining objectives and strategic actions to achieve those objectives |
| B. | process consisting of determining objectives, strategic actions to achieve those objectives, the implementation of desired strategy, and the monitoring of that strategy |
| C. | process consisting of the determination of direction, strategic actions to achieve objectives, the implementation of desired strategy, and monitoring of that strategy |
| D. | process for determining direction, strategic actions to achieve objectives, and the implementation of desired strategy |
| Answer» D. process for determining direction, strategic actions to achieve objectives, and the implementation of desired strategy | |
| 394. |
What common, related problem do for non-profit organizations such as the British Museum and the National History Museum often face? |
| A. | osts associated with repairs and maintenance |
| B. | he need to be educational and adhere to their scientific/research orientation whilst addressing commercial issues (e g , admission charges to cover costs) |
| C. | he need to be educational and adhere to their scientific/research orientation whilst satisfying main stakeholders |
| D. | he conflict between pursuing organizational objectives and resource availability constraints |
| Answer» B. he need to be educational and adhere to their scientific/research orientation whilst addressing commercial issues (e g , admission charges to cover costs) | |
| 395. |
In Porter's generic strategies model, a focus strategy involves |
| A. | elling a limited range of products |
| B. | elling to a narrow customer segment |
| C. | elling to one region only |
| D. | elling simple products that are cheap to produce |
| Answer» C. elling to one region only | |
| 396. |
Who can be considered as the main stakeholders for London Zoo? |
| A. | esearch groups |
| B. | isitors |
| C. | he government |
| D. | rivate investors |
| Answer» C. he government | |
| 397. |
Which of these is not a key stakeholder that an organization must seek to satisfy? |
| A. | anagers |
| B. | hareholders |
| C. | mployees |
| D. | ustomers |
| Answer» B. hareholders | |
| 398. |
Which one of these would not be a problem for an organization attempting to establish a unified vision or direction? |
| A. | he constraints applied by key stakeholders upon the organizations management |
| B. | he personal objectives of those within the organization |
| C. | he varying expectations of external stakeholders |
| D. | onflicts between the product and its desired target market |
| Answer» E. | |
| 399. |
Ansoff's growth vector matrix is used for |
| A. | nalyzing the different strategic directions an organization can pursue |
| B. | nalyzing the balance of the portfolio |
| C. | ssessing whether the corporate parent is adding value |
| D. | ssessing the market share of a business |
| Answer» B. nalyzing the balance of the portfolio | |
| 400. |
The term corporate strategy concerns strategy and strategic decisions |
| A. | n certain types of organization |
| B. | t all levels in an organization |
| C. | eveloped by the senior management in an organization |
| D. | n the private sector only |
| Answer» C. eveloped by the senior management in an organization | |