meo786
Welcome to meo786
Please Log In and Enjoy with us. I hope you will find more "Fun With Mobile, Computer & Management"

Thanks.

Muhammad Afzal Meo
+092 333 497 62 77

All Quiz MGT603 online 2010

Go down

All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:29 am

The process of monitoring performance, comparing it with
goals, and correcting any significant deviations is known as:


Planning


Organizing


Leading

Controlling ???







“Substantial changes
to the range of offerings or the markets served or both” is referred as:


Differentiation

Diversification ???




Relocation


Brand
extension





On the y-axis of IE Matrix, an EFE total weighted score of
3.97 is considered what?


Low


Medium

High ??




Weak





Which of the following stages of "Strategy Formulation
Framework" involves developing Internal-Factor Evaluation Matrix?


Input
stage



Output
stage


Matching
stage


Decision
stage





Which analytical tool consists of a nine-cell matrix?


Competitive Profile Matrix


SPACE Matrix


Grand Strategy Matrix

Internal-External Matrix







Input stage of strategy-formulation framework includes
developing which of the following set of strategies?


IFE, EFE and QSPM Matrix


IFE, IE and BCG Matrix


IFE, CPM and EFE Matrix

EFE, IE and CPM Matrix







What strategies are appropriate for the divisions that fall
in grow and build region of IE matrix?


Defensive and integrative strategies


Intensive and integrative strategies


Diversification and intensive strategies


Defensive and diversification strategies











Quiz 24-06-2010


A & Ammar is the sole manufacturer of leather goods in
Pakistan. Government has lowered the tax rates for this industry keeping in
view of promoting other new firms to enter this industry. Lowering the tax
rates of this industry will confront A & Ammar with which of the following?


Strength


Weakness


Opportunity ??


Threat





HTML stands for which of the following?


Hybrid text
markup language

Hypertext Markup
Language ??





Hyper text
manufacture language


Highly
technical markup language





Which of the following stages of strategy formulation
framework involves developing Internal-External (IE) Matrix?


Input stage


Output
stage

Matching stage ??




Decision
stage





Which of the following are the two external dimensions to be
considered in SPACE Matrix?

Environmental stability
and industrial strength





Environmental
stability and competitive advantage


Industrial
strength and competitive advantage


Industrial
strength and Financial strength





Adding new, unrelated products or services is called:


Forward integration


Backward integration

Conglomerate diversification




Concentric diversification





To whom a planning horizon of two to five years applies?

Top management




Middle management


Lower management


All levels





All of the following are the types of cooperative
arrangements EXCEPT:


R&D partnerships


Joint-bidding consortia


Cross-licensing agreements

Diversification






Which of the
following can be best described as short-term in nature?
Mission statements
Annual
objectives
Strategies
Vision statement


Which of
the following are the factors that concern the nature and direction of the
economy in which a firm operates?
Technological
Ecological
Social
Economic


Which one
of the followings best describes this statement; “The conditions that a company
must satisfy in order to be able to enter an industry”?
Economies of scale
Barriers to entry
Differentiation
Competitive environment


During
which stage of strategic management, firm’s specific internal strengths and
weaknesses are determined?
Formulation
Implementation
Evaluation
Feedback



Which of the following arise when a
company can take advantage of conditions in its environment to formulate and implement
strategies that enable it to become more profitable?
Strengths
Opportunities
p7
Weaknesses
Threats


Which statement
is CORRECT about strategic-management process?
It occurs once a year
It is a
continuous process
It applies mostly to large business
It applies mostly to small businesses


Ethnic
balance is affected due to which of the following?
Change in ethnic values
Awareness of ethnic norms
Migration of
the people towards different areas
Introduction of new laws relating to
ethnicity


The
organizations that conduct business operations across national borders are
known as which of the following?
Domestic firms
Multinational
corporations
Parent companies
Franchises


Which of
the following is the greatest advantage of international operations?
Reduced tariffs and taxes
Access to global business practices
Gaining new
customers

Less-intense competition


Which
of the following are developed in strategy implementation phase of strategic
management?
Vision and mission
Annual
objectives

Strengths and weaknesses
Opportunities and threats



Which of the following is not a strategy-implementation
activity?
Long term goals and objectives
Developing strategy supportive culture
Redirecting marketing efforts
Developing and utilizing information system


Strategy implementation includes
developing strategy supportive culture, creating an effective organizational
structure, redirecting marketing efforts, preparing budgets, developing and
utilizing information system and linking employee compensation to
organizational performance.


The mission
statement answers which of the following question?

What is our business?
How can we improve ourselves?
What do we
want to become?

Who are our stakeholders?


Where an organization
takes into account the effect of its strategic decisions on the society, the
firm is taking care of which of these?
Corporate
governance
Business policy
Business ethics
Social policy


Which of
the following is best identified as a statement that presents “a firm's big
picture statement, describing a desired end-state, general in scope, and not
restrictive”?
Corporate
philosophy statement
Company creed
Vision
statement

Mission statement


While preparing
an External Factor Evaluation matrix, a total score of 0.8 indicates what?
Firm is
taking advantages of strengths and avoiding threats
Firm is not taking advantages of opportunities and
is avoiding threats
Firm is not
taking advantages of opportunities and is not avoiding threats
Firm is taking advantage of opportunities
and is avoiding the threats


External
forces directly affects all of the following EXCEPT:
Market segmentation strategies
Types of products/services offered
Management structure of organization
Choice of businesses to acquire or sell


The
general conditions for competition that influence business firms, which provide
similar products and services is known:


Remote environment
International environment
External
environment
Industry environment


The
social factors that affect a firm involve all of the following EXCEPT:
Attitudes of people in the external environment
Lifestyles of people
Per capita income
Values and beliefs of persons outside the firm

Which one variable falls under the
category of the Social, Cultural, Demographic, and Environmental Variable?
Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region



Which one of the following is NOT a basic mission of a
competitive intelligence program?
To provide a general understanding of an industry
To provide a general understanding of a company’s competitors
To identify industry executives who could
be hired by the firm

To identify potential moves a competitor might make that would endanger a
firm

All of the following statements are
true about a firm’s mission statement EXPECT:
A mission statement does not directly
contribute positively to financial performance.
A mission statement directly contributes positively to financial
performance.
A mission statement should not provide useful criteria for selecting among
alternative strategies.
Primary reason to develop a mission statement is not to attract the
customers

Which of the following is NOT a component of external environment
analysis?
Customer satisfaction feedback
Global impacts
Legal issues within the industry
Competitive position of rival companies

Which of the following is the best example for achieving long-term objectives?
Strengths
Strategies
Policies
Opportunities

Which type of trend can be exemplified by the increase in average level of
education in a society?
Social
Economic
Cultural
Technological





Principles of conduct that guide decision-making are known
as:
Human rights
Business ethics
The constitution
Social responsibility

“A Good mission statement identifies the utility of a firm's products to its
customers”; which of the following represents this statement?
Organization’s philosophy
Customer orientation
Social policy
Declaration of attitude

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:32 am

Opportunity analysis


Research and development


Management





Which of the following are Porter's generic strategies?


Low price, differentiation, focus


Cost leadership, differentiation,
focus



Price leadership, differentiation,
focus



Low cost, differentiation, focus
differentiation






All of the following are Porter's Generic Strategies
EXCEPT:



Differentiation


Hybrid


Cost leadership


Focus





All of the specified approaches could be used to determine
R&D budget allocation EXCEPT:



Financing as many projects as
possible



Using percentage-of-sales method


Budgeting irrelative to competitors


Deciding how many successful new
products are needed






All of the following are the basic functions of marketing
EXCEPT:



Selling products/services


Product and service planning


Marketing research


Arranging for finance





The strategy embraced by Ahmad Bros. is to address the
needs of a very selected and specialized market segment. That is most likely to
engage in which one of the following types of strategy?



Differentiation strategy


Generic strategy


Focus strategy


Low cost strategy





External assessment is performed in which of the strategic
management phase?



Strategy
formulation stage ???



Strategy
implementation stage



Strategy
evaluation stage



All of the
given options






The analysis of industry’s major competitors’ strengths may
give an insight of which one of these?



Key
threats for the firm ???



Key
opportunities for the firm



Both
opportunities and strengths for the firm



None of
the given options






Which of the following is the best example for acheiving
long-term objectives?



Strengths


Strategies


Policies


Opportunities




Which of these is the
allocation and reallocation of capital and resources to projects, products,
assets and divisions of an organization?

Select correct option:
Investment decision
page no 64
Financing
decisions

Restructuring decisions
Strategic decision


In adapting to change
an organization must monitor which of the following?

Select correct option:
Ongoing processes
Internal and external events
Timely changes
All of the given options
page no 6

Which of the following statement is referred to
‘Price fluctuation’?



·
Decrease in prices


·
Increase in prices


·
Fluctuation in the prices of
a particular commodity



·
Fluctuation in
general price level
P31

Which one of the
following area can be the weakness of a firm?

Changing
lifestyle
High oil prices
Ineffective MarketingIncreasing pollution


Which one of the
following dimensions is NOT a recommended component of a mission statement?

Self-concept
Markets
Strategies P25
Customers


When
an industry relies heavily on government contracts, which of the following is
important for the firm to foresee as a part of its external audit?

Economic
forces
Political forces P36
Technological forces

Competitive forces






Which of the following refers to determining the best
capital structure for the company?


Restructuring decisions

Financing decisions




Strategic decision


Investment decision





What refers to a strategy of seeking ownership of or
increased control over a firm’s competitors?


Conglomerate diversification


Backward integration


Horizontal integration


Concentric diversification











Political variables have a significant effect on which one
of the following?

Formulation and
implementation of strategy





Formulation
and Evaluation of a strategy


Implementation
and evaluation of a strategy


Formulation,
implementation and evaluation of a strategy





Which one variable falls under the category of the Social,
Cultural, Demographic, and Environmental Variable?


Propensity
of people to spend

Buying habits ???




Level
of disposable income


Income
differences by region





Assessment of competitive rivalry does NOT include an
understanding of which of the following?


Mergers and
acquisition in industry


Market
growth rates


Exit
barriers and operational efficiency of competitor

The management structure
of an organization ??








Which of the following step in the strategic development
process involves mobilizing employees and managers to put strategies into
action?


Formulating strategy


Strategy evaluation

Implementing strategy




Strategy planning





All of the following are the key questions that can reveal
internal strengths and weaknesses in the management department EXCEPT:


Is the organization’s structure appropriate?


Are reward and control mechanisms effective?


Are the organization’s products positioned well? ???


Does the firm use strategic management concepts?





Which of the following
can reveal the demographic characteristics of an organization’s customers?
Customer profiling
Test marketing
Market development
The vision statement









Which of the follwoing term represents the enduring
statement of purpose that distinguish one business from other similar
firms?


Vision


Strategy


Mission


Tactics





Which of the following statement applies to Vision
Statement?


Describes the purpose of existence of an organization


Identify the
customers of the organization


The key measure or
measures of the organization’s success


Depict the
values of an organization ??






The purpose of an external audit is to prepare a list of
which of the following?


Opportunities and weaknesses


Threats and strengths

Opportunities and threats




Strengths and
weaknesses





What happens to the demand for discretionary goods when
interest rates rise?


Rises


Declines


Remains the same


First rises then declines





Technological advancements can create which of the following
advantage besides many other existing powerful advantages for the
businesses?


Economic


Competitive


Social


Environmental





Which of the follwoing are the guidelines of decision
making?


Laws


Rules

Policies




Goals





Corporate social policy should be designed and articulated
during which phase of strategic management?



Implementation

Formulation




Evaluation


Management





Which of the following is the benefit of strategic
management?


Fewer complexes


More complex


Less static


More profitable





A desired future state that the organization attempts to
realize”. Identify the term relevant to the given statement.


Goal
??



Strategy


Policy


Procedure





All of the following are the broad categories of External
forces EXCEPT:


Economic forces


Socioeconomic forces p28


Technological
forces


Competitive
forces





Financial ratios are helpful in analyzing the relationship
among which of the following?


All assets and liabilities


Profits and costs


All functional
areas of business



Sales and
profitability





Which component of a mission statement addresses the firm’s
distinctive competence or major competitive advantage?


Technology


Philosophy


Customers

Self-concept







What are historical narratives describing the unique
accomplishments of a group and its leaders, usually in heroic terms?


Rites


Sagas
p51



Stories


Myths





Which of the following is one of the Political, Governmental
& legal factors?


Ethical concerns


Traffic congestion


Lobbying activities


Average level of education






Which of the following best describes this statement; “a
Systematic and ethical process for gathering and analyzing information about
the competition’s activities and general business trends to further a business’
own goals”?


External assessment


Industry analysis

Competitive
intelligence program





Business ethics





Which of the following marketing entity is NOT an
intermediary?


Brokers


Agents

Producer




Vendors


What is the systematic gathering, recording, and analyzing
of data about problems relating to the marketing of goods and services?


Management


Planning


Marketing Research


Market segmentation





Internal
strengths and weaknesses that can significantly benefit or harm an organization
may include all of the following EXCEPT:
Select correct option:
Production/ operations
Research & development
E-commerce
Management information system






Which of the following period strategic management was
considered to be cure for all problems?



Mid 1950s to mid 1960s


Mid 1960s to
mid 1970s



Mid 1970s to mid
1980s


Mid 1980s to mid
1990s





Which of the following statement is TRUE about a Vision
statement of a company?

It concentrates on future




It defines the
customers


It identify critical
processes


It informs about the
desired level of performance





Financial benefits of strategic management includes all of
the following EXCEPT:


Progression in
profitability

Improvement in employee productivity




Expansion in the
sales of business


Enhancement in
productivity





Strategic management is the art and science of formulating,
implementing and evaluating cross-functional decisions which is usually done by
all of the following EXCEPT:


Chairman of the
company


Board of
directors


Chief executive
officer


Marketing officer





Selling includes all of the following marketing activities
EXCEPT:


Advertising

Pricing




Sales promotion


Customer relations





Investment decisions are also known as:


Business finance


Capital structure


Capital budgeting


Dividend policy





Strategic management integrates all of the following areas
EXCEPT:


Management


Marketing


Research and
development

Human resource management










Identify the stages of strategic management process in a
precise sequence.


Strategy evaluation,
strategy formulation & strategy implementation


Strategy evaluation,
strategy implementation & strategy formulation


Strategy formulation, strategy
implementation & strategy evaluation



Strategy
implementation, strategy evaluation & strategy formulation





Non-financial benefits of strategic management includes all
of the following EXCEPT:


Better awareness of external threats


Enhanced awareness of threats


Reduced resistance to change

Increase in sales







Which one of the following is NOT a key external force?


Social responsibility


Ozone reduction

Company management




Energy conservation





All of the following are included in the five functions of
the management process EXCEPT:


Planning


Organizing


Leading


Delegating

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:32 am

Which of the following can be considered one of the factors
of external opportunities and threats of an organization?


Production/ operations


Research & development


Competitive trends p7




Management
information system





Various job titles of a strategist may includes all of the
following EXCEPT:


Owner

Foreman




Chancellor


Chief executive
officer





Rehman industries is analyzing the technological forces for
the firm which may provide it opportunities and threats for which of the
following stage/s of strategic management process?

Strategy formulation




Strategy
implementation


Strategy evaluation


All of the given options





Which of the following is not a strategy-implementation
activity?

Long term goals and objectives




Developing strategy
supportive culture


Redirecting
marketing efforts


Developing and
utilizing information system





Which of these basic questions a vision statement answers?


What is our business?


Who are our
employees?


What do we want to become?


Who are our
competitors?





All of the following are the key opportunities or threats in
external environment because of Political, Govt. & lLegal force
EXCEPT:


Tax rates


Trust in
government ??

Pak-India
relationships





Patent laws





Intuition is based on all of the following factors
EXCEPT:


Past experiences


Judgments

Uncertainties




Feelings








All of the following are the types of Profitability ratios
EXCEPT:


Net profit
margin

Inventory
turnover





Return on
total assets


Earnings
per share





What is represented by the pie slice in BCG matrix?

Relative market share
captured by that division





Competitive
position possessed by that division


Financial
strength of the division in relation to other divisions


Proportion
of corporate profits generated by the division





Identify the term that is known as a “mean of providing
guidance to actions and procedures, including how resources are to be allocated
and how tasks assigned to the organization might be accomplished”.


Aspirations


Objectives ???


Policies


Goals





Which strategy seeks to increase market share of present
products or services in present markets through greater marketing efforts?

Market penetration




Market
development


Backward
integration


Product
development





All of the following are used as a base for market
segmentation EXCEPT:

Socioeconomic




Geographic


Demographic


Psychographic








Which of the following is the first step in developing QSPM?


Developing
a list of the firm’s key external and internal factors. ??



Determining
the Attractiveness Scores for each strategy.


Examine the
Stage 2 matrices and identify alternative strategies.


Assigning
weights to each key external and internal factor.





A planned activity aimed at discovery of new knowledge with
the hope of developing new or improved products and services and translation of
its findings into a plan or design of new or improved products and services is
known as:


Marketing

Research and development p71




Production


Management
information system





Firms located in which quadrant of the Grand Strategy Matrix
are in an excellent strategic position?

I




II


III


IV





A system of several rites connected with a single occasion
or event is known as:


Myth

Ceremonial




Saga


Legend








MGT603_Online_Solved_Quiz_2
(3)






All of the following are the
examples of the actions that can be taken in strategy implementation stage
EXCEPT:


Changing organization's
pricing strategy



Developing new employee benefits


Transferring managers among
divisions


Taking corrective action when
needed





All of the following would be
considered while judging the financial strength of an organization EXCEPT:


Increase in revenues


Market share ??


Return on Investment


Cash-flow statement





When a merger or acquisition is not
desired by both the parties of merger, then it is known as:


Divestiture


Takeover


Outsourcing


Integration





Which organizational structure has
ambiguous roles for senior executives as a major disadvantage?


Strategic business unit


Functional structure


Divisional structure


Matrix structure





In BCG growth-share matrix, which
of the following would be most likely to possess a low market share and a high
growth rate?


Select correct option:


Dog


Question mark


Cash cow


Star





Backward integration is effective
in all of the following situations EXCEPT:


When an organization competes in an
industry that is growing rapidly


When an organization needs to
acquire a needed resource quickly


When the advantage of stable
prices are not important



When present suppliers have high
profit margins





All of the following are the steps
for the development of IE matrix EXCEPT:


Plot IFE total weighted scores on
the x-axis


Plot EFE total weighted scores on
the y axis


Determine the region into which the
division falls


Determine the quadrant where
position vector lies





The total weighted score of IFE
matrix developed for XYZ corporation is 3.5. Which of the following statement
is TRUE about XYZ Corporation in the light of IFE matrix total weighted score?


Corporation has strong external
position


Corporation has weak internal
position


Corporation has strong internal
position


Corporation has weak external
position





Harvest or divest’ is one of the
major regions of which of the following?


Competitive Profile Matrix


Internal-External Matrix


SPACE Matrix


Grand Strategy Matrix





What is the range for a firm’s
total weighted score in an External Factor Evaluation Matrix?


0 to 5


0 to 4


1 to 5


1 to 4 p 45





External forces directly affects
all of the following EXCEPT:


Market segmentation strategies


Types of products/services offered


Management structure of
organization


Choice of businesses to acquire or
sell





Developing a vision and a mission
statement is important because of the following reasons EXCEPT:





They are useful for large
firms only



They establish organizational
culture


They are the basis for allocating
resources


They translate objectives into work
structur





Which of the following can be
considered one of the factors of external opportunities and threats of an
organization?


Production/ operations


Research & development


Competitive trends


Management information system





Which of the following is the
process of influencing people to accomplish specific objectives?


Staffing


Motivating p57


Controlling


Organizing





Long-term objectives are needed at
which level(s) of the organization?


Corporate level


Divisional level


Functional level


All of the given options





Din Mohammad, a farmer sells his
crops at the local market rather than to a distribution center. This action of
Din Mohammad comes under which of the following?


Backward integration


Product development


Forward integration


Horizontal integration





Which of the followings deals with
the management of inputs, transformations and outputs that vary across
industries and markets?


Marketing


Finance


Operations


Distribution





Establishing and implementing ways
of making things work is known as:


Planning


Organizing


Leading


Controlling








MGT603_Online_Old_Quiz_2





All of the following are the outputs
of a system EXCEPT:


Tables


Charts


Data


Graphs





In the process of developing a
mission statement, which of the following is CORRECT?


To involve as few managers as
possible


To involve as many managers
as possible p20



To involve upper-level management
only


To involve the board of directors
only








All of the following would
represent possible threats to the ABC Company EXCEPT which one of the
following?


Entrance of new competitors


Improved
buyer or supplier relationships ??



New or revised regulations


Slow industry/market growth





Which of the following refers to a
functional support role of an information system?


What if…?" questions


What is the capacity of plant?


What do we do?


What if tax rate increases by 10%?





All of these are pitfalls an organization
should avoid in strategic planning EXCEPT:


Using plans as a standard for
measuring performance.


Using strategic planning to gain
control over decisions and resources


Failing to involve key employees in
all phases of planning


Being so formal in planning that
flexibility and creativity are stifled





Which of the following is the
highest possible weighted score for the organization in IFE matrix?


1.0


1.5


2.5


4.0











MGT603_Online_Old_Quiz_4








Which of the
following is not a pitfall an organization should avoid in strategic planning?


Failing to involve key employees in
all phases of planning


Involving all managers rather
than delegating planning to a planner



Top managers not actively
supporting the strategic planning process


Doing strategic planning only to
satisfy accreditation or regulatory requirements





Departmentalization can be done on
the basis of many factors EXCEPT:


Functions


Number of employees


Strategic business units


Divisions


The most common forms of departmentalization are functional,
divisional, strategic business unit, and matrix. p56









Assigning rating 3 to an internal
factor in IFE matrix indicates what?


Major weakness


Minor weakness


Minor strength p47


Major strength





Which of the following can be
considered one of the factors of external opportunities and threats of an
organization?


Production/ operations


Research & development


Competitive trends p 7


Management information system





Ethnic balance is affected due to
which of the following?


Change in ethnic values


Awareness of ethnic norms


Migration of the people
towards different areas p31



Introduction of new laws relating
to ethnicity





Which category of ratios measures
“how effectively a firm can maintain its economic position in the growth of the
economy and industry”?


Liquidity


Leverage


Activity


Growth p65





Buyers can exercise high bargaining
power over their suppliers under which one of the following conditions?


When there are many good
substitutes of raw material


There are few buyers in the
market ??



They have few suppliers to choose
from


There is a high concentration of
suppliers





Which of the following is the first
step in the controlling function of management?


Take corrective actions


Restrict breaks employees take


Evaluate expense reports


Establish performance
standards p59






Following are the examples of the
sectors that are more technologically oriented EXCEPT:


Textile


Pharmaceutical


Telecommunications


Beverages





Not all sectors of the economy are affected equally by
technological developments. The communications, electronics, aeronautics, and
pharmaceutical industries are much more volatile than the textile, forestry,
and metals industries.






Which of the following groups
represents the stakeholders of a company?


The owners of the company


The people who purchases the shares
of the company


The people who have a special
stake or claim on the company p23



Are the people who are in the
management a company





In which of the following phase of
strategic management, annual objectives are especially important?


Formulation


Evaluation


Implementation p 10


Management





Which of the followings deals with
the management of inputs, transformations and outputs that vary across
industries and markets?


Marketing


Finance


Operations p68


Distribution





Local, state, and national
elections, world oil, currency, and labor markets, number of patents, special
tariffs are the examples of which one of the following?


Economic forces


Social, cultural and, demographic
forces


Political, governmental, and
legal forces p37



Competitive forces





Which group would be classified as
a stakeholder?


Communities


Banks


Suppliers


All of the given options





Which of the following statement is
refered to ‘Price fluctuation’?


Decrease in prices


Increase in prices


Fluctuation in the prices of a
particular commodity


Fluctuation in general price
level






Which of the following is the
process of influencing people to accomplish specific objectives?


Staffing


Motivating


Controlling


Organizing





Defensive strategies include all of
the following EXCEPT:


Retrenchment


Acquisition p92


Divestiture


Liquidation





Effective mission statements don’t
have one of the following features:


Generate range of feasible
strategic alternatives


Reconcile interests among diverse
stakeholders


What does the firm want to
become p23



Provide criteria for selecting
strategies





What is the first step in the
comprehensive strategic-management model?


Performing external audits ???


Developing vision and mission
statements p29



Performing internal audits


Measuring and evaluating
performance





Different types of consumers are
created due to new trends, which in turn require which type of products?


Different products


Different services


Different strategies


All of the given options p 33





A system of several rites connected
with a single occasion or event is known as:


Myth


Ceremonial p 51


Saga


Legend





In Competitive Profile Matrix, the
rating 4 indicates what?


Major weakness


Major strength p 46


Minor strength


Minor weakness








Integration strategies allow a firm to gain control over
all of the following EXCEPT:
Distributors
Investors
Suppliers
Competitors








MGT603_Online_Old_Quiz_5






According to Freund, Which one of
the following should NOT be the characteristics of key external factors?


Measurable


Relatively few in
number



Applicable to all competing
firms


Important to achieve
long-term objectives





When a merger or acquisition is not
desired by both the parties of merger, then it is known as:


Divestiture


Takeover


Outsourcing


Integration





Which of the following environment
includes all those factors which affect the organization and itself affected by
the organization?


External environment


Social environment


Task environment


Internal environment





Internal analysis involves
gathering and analyzing the information about all areas of a firm EXPECT:


Research nad development


Management information system


Marketing


Competitors





Which of the following is a
strategy in which companies create a co-owned business that operates for their
mutual benefit?


Retrenchment


Divestiture


Joint venture


Liquidation








According to Porter, which strategy
offers products or services to a small range of customers at the lowest price
available on the market?


Low cost


Best value


Cost focus


Differentiation





All of the following would be
considered as opportunities for a business, EXCEPT:


Removal of international trade
barriers


Emergence of unfulfilled customer
need


Emergence of substitute
products



Loosening of regulations





"Other than ranking strategies
to achieve the prioritized list, there is only one analytical technique which
is designed to determine the relative attractiveness of feasible alternative
actions". This technique is known as:


SPACE


QSPM


IFE


CPM

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:33 am

MGT603_Online_Old_Quiz_8






Which of the
following is a standardized, detailed set of techniques and behaviors that
manage anxieties, but seldom produce intended, technical consequences of
practical results?


Folktales


Rites


Rituals


Values





Which of the following
is NOT a characteristic of well-constructed goals?


Address
important issues


Easy to remember


Precise
and measurable


Challenging
but realistic





A joining of
two companies through one company buying more than one half of the other
company's stocks is known as:


Monopolization


A spin-off


An
acquisition


A
merger





A firm’s
division with a high relative market share position in a low-growth industry
can be referred to which of the following category?


Star


Cash cow


Question
mark


Dog





Which of the
following is the first step in the controlling function of management?


Take
corrective actions


Restrict
breaks employees take


Evaluate
expense reports


Establish performance standards





Conglomerate
diversification is another name for which of the following?


Related
diversification


Unrelated diversification


Portfolio
diversification


Acquisition
diversification








MGT603_Online_Old_Quiz_9






Of the
following, which one would NOT be considered one of the components of a mission
statement?


The target
market for XYZ is oil and gas producers as well as producers of chemicals


XYZ shall hire only those individuals who have with
sufficient educational levels so as to be of benefit to our customers



The customers
of XYZ shall include global and local consumers of gas and oil products and
domestic users of nontoxic chemicals


The
technologies utilized by XYZ shall focus upon development of alternative
sources of gas and oil so as to remain competitive within the industry





Which of the
following strategy generally entails large research and development
expenditures?


Market
penetration


Retrenchment


Forward
integration


Product development





Reasons due to
which some firms do “No Strategic Planning” incorporate all of the following
EXCEPT:


Wastage
of time


Fire-fighting


Content
with success


Privileged reward structures





Which of the
following is not a key question that can reveal internal strengths and
weaknesses of the marketing department?


Does
the firm have an effective sales organization?


Are
markets segmented effectively?


Are
the firm’s products and services priced appropriately?


Does the firm have good liquidity?





Question # 8 of
10 ( Start time: 10:19:42 PM ) Total Marks: 1


Which stage of
the "Strategy Formulation Framework" includes an External Factor
Evaluation Matrix and a Competitive Profile Matrix?


Input
stage


Output stage


Matching
stage


Decision
stage








Which of the
followings best describes the Horizontal integration?


A
firm takes over a supplier


A
firm takes over a distributor


A firm takes over a competitor


A
firm takes over a manufacturer





All of the
following would be considered as weaknesses to a business EXCEPT:


Maturing
markets


Limited industry expertise


Brand
name


Limited
financial resources





Choose the
economic variable from the list.


Attitudes
toward business


Attitudes
toward product quality


Population
changes by race


Stock market trends
p30






Other
Quiz


Which of the following identified that “strategic management encourages forward
thinking, favorable attitudes towards change and discipline to the management
of business”?
Greeley
GreenlyGreenley
Greenwich

Which of the following can be the weakness of an organization?
Price war
Poor location of businessIncreased trade barriers
Innovative substitute product


Assigning rating 3 to an internal factor in IFE matrix indicates what?
Select correct option:
Major weakness
Minor weakness
Minor strengthMajor strength






All of the
following are functional support roles of Management Information System EXCEPT:



Recording
and storing accounting records


Recording
and storing inventory data


Recording
and storing business intelligence data


The
enhanced ability to explore "what if"









Which of the following are two positive-rated dimensions on SPACE Matrix?
FS and CA
CA and ES
FS and IS
IS and ES

Which of the following is NOT included in the strategic management model?
Measure and evaluate performance.
Perform internal research to identify customers.Establish long-term objectives.
Develop mission and vision statements.

Test marketing is
commonly applied by which of the following companies?

Industrial goods companies
Consumer goods companies
P62
Public
sector companies

Private sector companies






All of the following
would be considered organizational skills and resources that will be used in
differentiation strategy EXCEPT which one?

Strong
research and development department
Products designed for ease of
manufacture
Corporate reputation for quality and
reliability
Creative, talented and skilled personnel


When the Chief
Executive of a chain of pharmacies decided to sell off or close some of the
locations that were not profitable, he was performing which of the management
function?

Select correct option:
Leading
Planning
ControllingOrganizing







Which management function includes
breaking tasks into jobs, combining jobs to form departments and delegating
authority?
Motivating
Staffing
OrganizingPlanning

Developing a vision and a mission statement is important because of the
following reasons EXCEPT:
They are useful for large
firms only
They establish organizational culture
They are the basis for allocating resources
They translate objectives into work structure






































Question
No: 1 ( Marks: 1 ) - Please choose one



Various
job titles of a strategist may include all of the following EXCEPT:




Owner


Foreman



Chancellor



Chief executive officer





Question
No: 2 ( Marks: 1 ) - Please choose one



According
to ‘Peter Drucker’, what is the prime task of strategic management?




To develop the vision of the business



Effectively evaluate the strategies


To think through the overall mission
of a business




Develop alternative set of strategies





Question
No: 3 ( Marks: 1 ) - Please choose one



The
purpose of an external audit is to prepare a list of which of the following?




Opportunities and weaknesses



Threats and strengths

Opportunities and threats





Strengths and weaknesses





Question
No: 4 ( Marks: 1 ) - Please choose one



External
opportunities and threats that can significantly benefit or harm an



organization
may include all of the following EXCEPT:




Demographics



Competitive trends



Technological changes


Research and development





Question
No: 5 ( Marks: 1 ) - Please choose one



In
Porter's Five Forces, the 'threat of new entrants' relates to which factor?




Barriers to entry


Substitutes



Switching cost



Buyer power





Question
No: 6 ( Marks: 1 ) - Please choose one



Which
one of the following best describes “a substitute product or service”?




A competitor's product or service


An alternative way of meeting the
same need




A new entrant into the industry



A less attractive way of meeting the same need








Question
No: 7 ( Marks: 1 ) - Please choose one



Which
of the following can be considered as a factor of internal strengths and



weaknesses
of an organization?




Technological changes


Production/operations



Demographics



Competitive trends





Question
No: 8 ( Marks: 1 ) - Please choose one



Long-term
objectives includes all of the following EXCEPT:




Measurable



Reasonable



Varying


Consistent





Question
No: 9 ( Marks: 1 ) - Please choose one



Which
component of a mission statement addresses the basic beliefs, values,
aspirations, and ethical priorities of the firm?




Technology


Philosophy



Customers



Self-concept





Question
No: 10 ( Marks: 1 ) - Please choose one



Which
one of the following is NOT is a basic mission of a competitive intelligence
program?




To provide a general understanding of an industry



To provide a general understanding of a company’s
competitors



To identify industry executives who
could be hired by the firm




To identify potential moves a competitor might make that
would endanger a firm









Question
No: 12 ( Marks: 1 ) - Please choose one



Internal
analysis involves gathering and analyzing information about all areas of a firm
EXPECT:




Research and development



Management information system



Marketing


Competitors





Question
No: 13 ( Marks: 1 ) - Please choose one



Which
of the following are signs of weakness in a company's competitive position?




A return-on-equity is below 25% and earnings per share is
less than Rs. 2.00




A price set by the firm higher than the market leader


A declining market share, poor
product quality and few sales in
market



Lower revenues and profit margin and narrow product line
than the market leader






Question
No: 14 ( Marks: 1 ) - Please choose one



Which
of the following functions requires recruitment and selection of qualified
personnel needed for the organization so that its objectives and goals are
achieved?




Planning



Organizing


Staffing



Leading





Question
No: 15 ( Marks: 1 ) - Please choose one



Which
of the following are signs of strength in a company's competitive position?




A debt-to-asset ratio below 0.50 and a positive net cash
flow




A website with extensive information about the company and
its product line




R&D and advertising expenditures greater than $10
million annually



A strongly differentiated product and
a strong or rising market
share


Question
No: 16 ( Marks: 1 ) - Please choose one



Which
of the following is the process of using the resources and personnel of an
organization in an orderly way to achieve the objectives and long-term goals of
the organization?




Planning


Staffing



Leading



Organizing








Question
No: 17 ( Marks: 1 ) - Please choose one



The
position a company takes with regard to pricing, promotion, advertising,
product design, and distribution is known as:



Marketing strategy



Strategic position



Marketing and materials management



Supply chain strategy





Question
No: 18 ( Marks: 1 ) - Please choose one



Waseem
& Sons primarily want to gain control over the prices charged to



consumers.
What strategy will most likely be followed by Waseem & Sons?




Market penetration



Product development


Forward integration



Concentric Diversification





Question
No: 19 ( Marks: 1 ) - Please choose one



The
steps required to perform cost/benefit analysis include all BUT:




Comparing the total costs with the total benefits



Figure out the total costs associated with a decision


Approximation of the total benefits
from the decision




Adding the total cost and total benefit





Question
No: 20 ( Marks: 1 ) - Please choose one



One
of the top level manager of a large manufacturing plant uses to spend her day
trying to ensure that the material wastage is not more than 10%. She spends her
day in performing which of the following management functions?




Planning



Organizing



Leading


Controlling





Question
No: 21 ( Marks: 1 ) - Please choose one



Which
of the following ratios is least likely to be helpful in evaluating a firm’s
decision regarding dividend?




Earnings-per-share ratio


Long-Term Debt-to-Equity Ratio



Dividends-per-share ratio



Price-earnings ratio





Question
No: 22 ( Marks: 1 ) - Please choose one



The
IFE matrix summarizes and evaluates which factors in the functional areas of a
business?




Opportunities and threats


Strengths and weaknesses



Strengths and threats



Opportunities and weaknesses





Question
No: 23 ( Marks: 1 ) - Please choose one



Amir,
a sole proprietor, uses the information system to ask the question; “What if the
prices will decrease by 16% in the next year?” Which of the following functions
the information system is performing for Amir?




Functional support role



Decisional support role



Managerial support role


Analytical supporting role





Question
No: 24 ( Marks: 1 ) - Please choose one



Market
penetration is one of the intensive strategies. Which one of the following best
describes market penetration?



Protecting and strengthening the
organization’s sales by
improving present products or services or developing new
products




Protecting and strengthening the organization’s position in
new markets through



its
current products




Protecting and strengthening the organization’s position in
its current markets



through
its current products




Protecting and strengthening the organization’s position by
adding new, unrelated



products
for present customers






Question
No: 25 ( Marks: 1 ) - Please choose one



Khawar
Garments, a domestic firm begins to export to India, it is an example of



which
of the following?




Horizontal integration


Market development



Forward integration



Concentric diversification





Question
No: 26 ( Marks: 1 ) - Please choose one



Product
development involves going in the direction of which one of the following?




Present products to present markets



Present products to new markets


New products to present markets



New products to new markets





Question
No: 27 ( Marks: 1 ) - Please choose one



Concentric
Diversification involves heading towards which of the following?



Adding new, but related, products or
services




Adding new, unrelated products or services



Regrouping through cost and asset reduction



Adding unrelated products or services for new customers





Question
No: 28 ( Marks: 1 ) - Please choose one



Mostly
large firms are initiating plans to acquire another unrelated business because
it represents the most promising investment opportunity that is available to
them. This type of strategic plan is known as:



Conglomerate diversification



Backward integration



Concentric diversification



Divestiture





Question
No: 29 ( Marks: 1 ) - Please choose one



The
company acquires or develops new products that could appeal to its current
customer groups even though those new products may be technologically unrelated
to the existing product lines. Which of the following best describes the
statement?




Retrenchment


Horizontal diversification



Market development



Horizontal integration





Question
No: 30 ( Marks: 1 ) - Please choose one



Adapting
to change confronts an organization’s strategic management to which of the
following issue(s):




What kind of business we should be in?



Are we in the right field?



Should we reshape our business?


All
of the given options






Question
No: 31 ( Marks: 1 ) - Please choose one



When
both divestiture and retrenchment have been pursued unsuccessfully, which of
the following strategies is effective to pursue?




Forward integration


Liquidation



Merger



Takeover

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:33 am

Question
No: 32 ( Marks: 1 ) - Please choose one



“If
a strategist has identified that the market growth rate is 8 %, the number of
sellers in industry are 52 and the industry's products are differentiated.”
Which of the following industry's success factor is he exploring?




Social forces



Competitive forces



Political forces


Economic forces





Question
No: 34 ( Marks: 1 ) - Please choose one



If
the capital and human resources of a firm are necessary to manage expanded
operations and it also has excess production capacity, which would be an
effective strategy for the firm to pursue?




Market Penetration



Market Development


Divestiture



Retrenchment





Question
No: 35 ( Marks: 1 ) - Please choose one



Assigning
a rate=2 in IFE matrix indicates what?




A major weakness


A minor weakness



A minor strength



A major strength





Question
No: 36 ( Marks: 1 ) - Please choose one



Which
of these strategies is effective when the number of suppliers is small and the
number of competitors is large?




Conglomerate diversification



Forward integration


Backward integration



Horizontal diversification








Question
No: 37 ( Marks: 1 ) - Please choose one



If
the firm is very successful at what it does, unsaturated markets are available
and the new inexpensive channels of distribution are also available, then which
of the following strategies a company should follow?




Market Penetration



Market Development


Product Development



Retrenchment





Question
No: 38 ( Marks: 1 ) - Please choose one



_______________
refers to a strategy of seeking ownership or increased control over



a
firm’s competitors.




Conglomerate diversification



Backward integration


Horizontal integration



Concentric diversification





Question
No: 39 ( Marks: 1 ) - Please choose one



The
business strategy decided upon by ABC Corporation is one that engages it in
production of goods that are low in cost as compared to its competitors. ABC



Company
is perusing which one of the following strategy?




Differentiation strategy



Focus strategy



Niche strategy


Cost leadership strategy





Question
No: 40 ( Marks: 1 ) - Please choose one



All
of the following are the circumstances when forward integration strategies are
beneficial to be practiced EXCEPT:




Availability of quality distributors is limited


Existing markets for present products
are saturated




Advantages of stable production are high



Present distributors have high profit margins





Question
No: 1 ( Marks: 1 ) - Please choose one



According
to ‘Peter Drucker’, what is the prime task of strategic management?




To develop the vision of the business



Effectively evaluate the strategies



To think through the overall mission of a business



Develop alternative set of strategies















Question
No: 2 ( Marks: 1 ) - Please choose one



External
opportunities and threats that can significantly benefit or harm an



organization
may include all of the following EXCEPT:




Demographics




Competitive trends




Technological changes



Research and development





Question
No: 3 ( Marks: 1 ) - Please choose one



Which
of the following is NOT included in the strategic management model?




Measure and evaluate performance




Establish long-term objectives




Develop mission and vision statements



Perform internal research to identify
customers
p 49





Question
No: 4 ( Marks: 1 ) - Please choose one



The
organizations that conduct business operations across national borders are



known
as:



Multinational corporations



Domestic firms




Strategic alliances




Franchises






Question
No: 5 ( Marks: 1 ) - Please choose one



“Identifying
and evaluating social, political, economic, technological and competitive
trends and events”; which of the followings best describes this statement?




Developing an effective mission statement




Conducting an internal audit



Performing an external audit



Formulating strategy






Question
No: 6 ( Marks: 1 ) - Please choose one



The
purpose of an external audit is to prepare a list of which of the following?




Opportunities and weaknesses




Threats and strengths



Opportunities and threats



Strengths and weaknesses






Question
No: 7 ( Marks: 1 ) - Please choose one



According
to Freund, Which one of the following should NOT be the characteristic of key
external factors?




Measurable



few in Relatively number



Applicable to all competing firms




Important to achieving long-term objectives






Question
No: 8 ( Marks: 1 ) - Please choose one



What
will happen to the Pakistani exports in overseas markets when there is a strong
value of rupee?




Pakistani exports will be less expensive



Pakistani exports will be more expensive



Pakistani exports will be more attractive




Pakistani exports will be desirable






Question
No: 9 ( Marks: 1 ) - Please choose one



“Ethnic
balance changes due to the migration of the people from different areas to
different areas. This affects the ethical behavior very much”, this is the
effect of which of the following forces?




Economic forces



Social, cultural, and demographic forces



Technological forces




Competitive forces






Question
No: 10 ( Marks: 1 ) - Please choose one



Which
of the following can be considered as barriers to entering a market or
industry?




The lack of economies of scale and experience and low levels of brand loyalty




The presence of large number of rivals already in the industry



Relatively large capital requirements and industry have
economies of scale




The absence of tariffs, trade restrictions, and/or government-mandated



Regulations





Question
No: 11 ( Marks: 1 ) - Please choose one



The
competitive threat posed by substitute products is weakened in which of the
following conditions?




Buyers that are currently purchasing the product are not relatively loyal




There are relatively large numbers of rival sellers that are fairly equal in
size




Customers are in a strong bargaining position to win concessions from sellers



Buyers' costs of switching to substitutes are
relatively high






Question
No: 12 ( Marks: 1 ) - Please choose one



Which
of the following is a collection of firms that offers similar products or
services such as IBM, Apple, and Dell?




Concentration



Industry



Corporation




Alliances



Question
No: 13 ( Marks: 1 ) - Please choose one



While
preparing an External Factor Evaluation Matrix, a total score of 0.8



indicates
that:




Firm is taking advantages of strengths and avoiding threats



Firm is taking no advantage of opportunities and is
avoiding threats




Firm is not taking advantages of opportunities and is not avoiding threats




Firm is taking advantage of opportunities and is avoiding the threats






Question
No: 14 ( Marks: 1 ) - Please choose one



Internal
analysis involves gathering and analyzing information about all areas of a firm
EXPECT:




Research and development




Management information system




Marketing



Competitors





Question
No: 15 ( Marks: 1 ) - Please choose one



Which
of the following statement is correct about distinctive competence?




Is usually tied closely to the ability of a company's manufacturing capability



and/or
its proprietary technology and know-how




Nearly always resides in the ability of the company's assets on its balance
sheet



rather
than in its people




Is better suited in helping companies defend against external threats than in



pursuing
external market opportunities



Is a unique thing that a firm does really well and that
quality or attribute sets
it aside from its competitors





Question
No: 16 ( Marks: 1 ) - Please choose one



As
managers move up the organization, they perform which of the management



function
more?




Leading




Controlling




Organizing



Planning





Question
No: 17 ( Marks: 1 ) - Please choose one



What
is Synergy?




An act of formulating a program for a definite course of action



When a team effort is used to achieve desired results



When individuals work separately to achieve desired results




When financial expectations of the firm are decided upon












Question
No: 18 ( Marks: 1 ) - Please choose one



Which
function of management includes areas such as job design, job specification,
job analysis and unity of command?




Planning




Motivating



Organizing



Leading






Question
No: 19 ( Marks: 1 ) - Please choose one



Which
of the following function of management is concerned with span of control



and
chain of command?




Planning



Organizing



Controlling




Evaluating



Question
No: 20 ( Marks: 1 ) - Please choose one



Which
of the following is the process of using the resources and personnel of an
organization in an orderly way to achieve the objectives and long-term goals of
the organization?




Planning




Staffing




Leading



Organizing





Question
No: 21 ( Marks: 1 ) - Please choose one



Which
of the following allows an organization to test alternative marketing plans and
to forecast future sales of new products?




Marketing




Advertisement



Test marketing



Customer analysis






Question
No: 22 ( Marks: 1 ) - Please choose one



Distribution
includes which of the following?




Customer analysis



Warehousing



Advertising




Test marketing






Question
No: 23 ( Marks: 1 ) - Please choose one



A
company's ROI (Return on Investment) can be algebraically decomposed into which
of the following two major components?



Return on sales and fixed capital



Return on sales and net profit




Return on sales and Cost of goods sold




Return on sales and Total assets






Question
No: 24 ( Marks: 1 ) - Please choose one



All
of the following fall under the category of ‘Process” function of production



management
EXCEPT:




Choice of technology



Quality assurance



Process flow analysis




Transportation analysis





Question
No: 25 ( Marks: 1 ) - Please choose one



Which
of the following refers to the belief related to objectives setting that the
true measure of a really good strategist is the ability to solve problems?




Managing by objectives




Managing by extrapolation



Managing by crisis



Managing by subjectives






Which
of the following refers to the belief related to objectives setting that
"there is no general plan for which way to go and what to do"?



Managing
by crisis



Managing
by extrapolation



Managing
by hope


Managing
by subjective











Which
of the following refers to the belief related to objectives setting that
"the future is laden with great uncertainty and that if we try and do not
succeed, then we hope our second (or third) attempt will succeed"?


Managing
by hope





Managing
by extrapolation



Managing
by crisis



Managing
by subjectives






Integration
strategies are sometimes collectively referred to as which of these strategies?



Horizontal
integration



Forward
integration



Hierarchical
integration


Vertical
integration

















Question
No: 26 ( Marks: 1 ) - Please choose one



What
is meant by Focused Differentiation?




Concentrating on a particular feature of a product or service to achieve



differentiation



Concentrating on differentiation as the primary means of achieving competitive



advantage


Providing a high perceived value product to a selected
market segment which



justifies a substantial price premium



Simultaneously seeking to achieve differentiation and a price lower than that
of competitors



Question
No: 27 ( Marks: 1 ) - Please choose one



In
Porter's Generic Strategies Model, which of the following statement is correct
about Focus Strategy?




Selling a limited range of products



Selling to a narrow customer segment



Selling to one region only




Selling simple products that are cheap






Question
No: 28 ( Marks: 1 ) - Please choose one



Where
usage rate of present customers of the company can be increased



significantly
and the current markets are not saturated, which strategy would be effective
for the company to follow?



Market Penetration



Product Development




Market Development




Retrenchment



Question
No: 29 ( Marks: 1 ) - Please choose one



Under
which of the following conditions, Concentric Diversification would be
particularly an effective strategy to pursue?




When an organization has grown so large so quickly that major internal



reorganization
is needed



When sales of current products would increase
intensively by adding the new



related products



When revenues from current products/services would increase significantly by



adding
the new unrelated products




When current products are in maturity stage of the product life cycle






Question
No: 30 ( Marks: 1 ) - Please choose one



Mostly
large firms are initiating plans to acquire another unrelated business because
it represents the most promising investment opportunity that is available to
them. This type of strategic plan is known as:



Conglomerate diversification



Backward integration




Concentric diversification




Divestiture






Question
No: 31 ( Marks: 1 ) - Please choose one



Which
of the following is NOT a situation when an organization should use an
unrelated diversification strategy?




When an organization’s present channels of distribution can be used to market
the



new
products to current customers



Revenues from current products/services would increase
significantly by
adding
the new related
products




When an organization competes in a highly competitive and/or a no-growth
industry




When the new products have counter-cyclical sales patterns compared to an



organization’s
present products






Question
No: 32 ( Marks: 1 ) - Please choose one



Abdullah
Group of Industries is involved in the sale of its marginal business. It is



most
likely to say that Abdullah Group is implementing _____________________
strategy.




Join venture




Acquisition




Liquidation



Retrenchment








Question
No: 33 ( Marks: 1 ) - Please choose one






Which
of the following is TRUE about Vision statement of a company?




It defines the customers



It concentrates on future



It identifies critical processes




It informs about the desired level of performance






Question
No: 34 ( Marks: 1 ) - Please choose one



Which
of the following environment includes all those factors which affect the
organization and is itself affected by the organization?



Task environment



Social environment




External environment




Internal environment






Question
No: 35 ( Marks: 1 ) - Please choose one



Which
of the following statements describes a company's strategic vision?



Gives a broad, aspiration image of the future that an
organization is aiming to



achieve



Sets forth the long-range financial and strategic performance targets that



organization
seeks to achieve




Indicates the boundaries of the company's present business




Reflects how strategic objectives are to be achieved






Question
No: 36 ( Marks: 1 ) - Please choose one



Mr.
A assigns Mr. B a project to be completed till the end of the month and then
holds periodic meetings with him to review his progress. Which of the
management functions is Mr. A performing?




Planning




Leading



Controlling



Organizing






Question
No: 37 ( Marks: 1 ) - Please choose one



The
MM equipment firm’s financial statements reveal that its sales are Rs. 500 and
its finished goods inventory is valued as Rs. 250. BC Company is one of the
competitors of MM equipment with 3 times inventory turnover. You have to
evaluate that which of the following statements is true about MM equipment’s
inventory turnover?




Equal to BC Company




Better than BC company




None of the given options



Worst than BC Company





Question
No: 38 ( Marks: 1 ) - Please choose one



"Ahsan
Brothers is closing one-third of its stores and is eliminating 22,000 jobs in
an attempt to avoid bankruptcy", would be an example of which of the
following?







Backward integration



Liquidation



Retrenchment




Forward integration






Question
No: 39 ( Marks: 1 ) - Please choose one



Which
of the following is the decision support role of Management Information System?




Processing marketing records into marketing plans



Allowing users to ask "What if" questions



Recording and storing such as human resource records




Processing operations records into production schedules






Question
No: 40 ( Marks: 1 ) - Please choose one



________________
becomes information only when it is evaluated, filtered, condensed, analyzed
and organized for a specific purpose, problem, individual, or time.




Material



Data



Competitive advantage




Competitor analysis






Question
No: 1 ( Marks: 1 ) - Please choose one



Various
job titles of a strategist may include all of the following EXCEPT:



Owner


Foreman


Chancellor


Chief
executive officer






Question
No: 2 ( Marks: 1 ) - Please choose one



Which
of the following is often considered the first step in strategic planning?



Devising
a mission statement



Developing a vision statement


Setting
annual objectives



Formulating
set of strategies






Question
No: 3 ( Marks: 1 ) - Please choose one



Which
of the following can be considered as a factor of internal strengths and



weaknesses
of an organization?



Technological
changes



Production/operations


Demographics


Competitive
trends






Question
No: 4 ( Marks: 1 ) - Please choose one



All of
these are pitfalls of an organization in strategic planning EXCEPT:



Failing
to involve key employees in all phases of planning



Using
strategic planning to gain control over decisions and resources



Using plans as a standard for
measuring performance



Being
so formal in planning that flexibility and creativity are stifled






Question
No: 6 ( Marks: 1 ) - Please choose one



Which
component of a mission statement addresses the basic beliefs, values,



aspirations,
and ethical priorities of the firm?



Technology


Philosophy


Customers


Self-concept





Question
No: 7 ( Marks: 1 ) - Please choose one



What
will happen to the Pakistani exports in overseas markets when there is a strong



value
of rupee?



Pakistani
exports will be less expensive



Pakistani exports will be more
expensive



Pakistani
exports will be more attractive



Pakistani
exports will be desirable






Question
No: 8 ( Marks: 1 ) - Please choose one



Which
of the following can be considered as barriers to entering a market or
industry?



The
lack of economies of scale and experience and low levels of brand loyalty



The
presence of large number of rivals already in the industry



Relatively large capital requirements
and industry have economies of scale



The
absence of tariffs, trade restrictions, and/or government-mandated regulations






Question
No: 9 ( Marks: 1 ) - Please choose one



Which
of the following are the five forces that affect the level of competition in an



industry?


Threat
of recession; power of buyers; power of suppliers; threat of management



failure;
competitive rivalry



Threat
of entry; power of buyers; power of suppliers; threat of substitutes;



government
action



Threat of entrants; power of buyers;
power of suppliers; threat of substitutes;



competitive rivalry


Threat
of buyers; power of entry; power of substitutes; threat of suppliers; threat



of
recession









Which
of the following can be the strength of an organization?



A
developing market



A new
international market



Loosening
of regulation



Strong management team





Assigning
rating '2' to an internal factor in IFE matrix indicates what?



Major
weakness



Minor weakness


Minor
strength



Major
strength






Which
of the following are signs of strength in a company's competitive position?



A
debt-to-asset ratio below 0.50 and a positive net cash flow



A
website with extensive information about the company and its product line



R&D
and advertising expenditures greater than $10 million annually



A strongly differentiated product and
a strong or rising market share






As
managers move up the organization, they perform which of the management



function
more?



Leading


Controlling


Organizing


Planning





What
is the essential bridge between the present and the future that increases the



likelihood
of achieving desired results?



Motivating


Planning


Controlling


Organizing





Which
of the following is the process of using the resources and personnel of an



organization
in an orderly way to achieve the objectives and long-term goals of the
organization?



Planning


Staffing


Leading


Organizing

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Admin on Sat Jul 17, 2010 9:34 am

Waseem
& Sons primarily want to gain control over the prices charged to consumers.



What
strategy will most likely be followed by Waseem & Sons?



Market
penetration



Product
development



Forward
integration



Concentric
Diversification






Distribution
includes which of the following?



Customer
analysis



Warehousing


Advertising


Test
marketing






Which
of the following is NOT the decisions regarding “Capacity” function of



production
management?



Scheduling


Capacity
planning



Process flow analysis


Queuing
analysis















Which
of the following refers to the belief related to objectives setting that holds
fast



to the
principle "If it ain't broke, don't fix it."?



Managing
by objectives



Managing by extrapolation


Managing
by crisis



Managing
by subjectives









The
Web sites that sell products directly to the consumers are the examples of
which



type
of strategy?



Backward
integration



Product
development



Forward integration


Horizontal
integration






Which
of the followings best describes the Horizontal Integration?



A firm
takes over a supplier



A firm
takes over a distributor



A firm takes over a competitor


A firm
takes over a manufacturer






One of
the strategies adopted by MM Corporation is: “Increasing market share through
charging lower prices, while still making a reasonable profit on each sale
because of reduced costs”. MM Corporation is following which of the following
strategy?



Best-value


Cost leadership


Best-value
focus



Differentiation





In
Porter's Generic Strategies Model, which of the following statement is correct
about



Focus
Strategy?



Selling
a limited range of products



Selling to a narrow customer segment


Selling
to one region only



Selling
simple products that are cheap






The
extent to which a business concentrates on a narrowly defined market is best



referred
to as:



Niche strategy


Cost
leadership strategy



Differentiation
strategy



Segmentation





Which
strategy seeks to increase market share of present products or services in



present
markets through greater marketing efforts?



Market penetration


Market
development



Backward
integration



Product
development






Product
development involves going in the direction of which one of the following?



Present
products to present markets



Present
products to new markets



New products to present markets


New
products to new markets






Under
which of the following conditions, Concentric Diversification would be



particularly
an effective strategy to pursue?



When
an organization has grown so large so quickly that major internal



reorganization
is needed



When sales of current products would
increase intensively by adding the new



related products


When
revenues from current products/services would increase significantly by



adding
the new unrelated products



When
current products are in maturity stage of the product life cycle






Mostly
large firms are initiating plans to acquire another unrelated business because
it represents the most promising investment opportunity that is available to
them. This type of strategic plan is known as:



Conglomerate diversification


Backward
integration



Concentric
diversification



Divestiture





Question
No: 32 ( Marks: 1 ) - Please choose one



Which
of the following is NOT a situation when an organization should use an
unrelated diversification strategy?



When
an organization’s present channels of distribution can be used to market the



new
products to current customers



Revenues from current
products/services would increase significantly by
adding thenew related products


When
an organization competes in a highly competitive and/or a no-growth industry



When
the new products have counter-cyclical sales patterns compared to an



organization’s
present products






Question
No: 33 ( Marks: 1 ) - Please choose one



The
company acquires or develops new products that could appeal to its current



customer
groups even though those new products may be technologically unrelated to



the
existing product lines. Which of the following best describes the statement?



Retrenchment


Horizontal diversification


Market
development



Horizontal
integration






Question
No: 34 ( Marks: 1 ) - Please choose one



Mergers
and acquisitions are created for all of the following reasons EXCEPT:



For
gaining new technology



For
reduction of tax obligations



For
gaining economies of scale



For increase in number of employees


Question
No: 35 ( Marks: 1 ) - Please choose one



A
joining of two companies through one company buying more than one half of the



other
company's stocks is known as:



Monopolization


A spin-off


An
acquisition



A
merger






Question
No: 36 ( Marks: 1 ) - Please choose one



Which
of the following is defined as the art and science of formulating, implementing



and
evaluating cross-functional decisions that enable an organization to achieve
its



objectives?


Strategy
formulation



Strategy
evaluation



Strategy
implementation



Strategic management





Question
No: 37 ( Marks: 1 ) - Please choose one



Which
of the following statements describes a company's strategic vision?



Gives a broad, aspiration image of
the future that an organization is aiming to



achieve


Sets
forth the long-range financial and strategic performance targets that



organization
seeks to achieve



Indicates
the boundaries of the company's present business



Reflects
how strategic objectives are to be achieved






Question
No: 38 ( Marks: 1 ) - Please choose one



Which
of the following is FALSE about vision and mission statements?



Vision statement gives the overall
purpose of an organization while a mission



statement describes a picture of the
preferred future



A
vision statement describes how the future will look if the organization
achieves



its
mission and a mission statement explains what the organization does



Mission
statement answers the questions what is our business and the vision



statement
answers the question what do we want to become



Mission
statement explains the current position and activities of a firm whereas



vision
statement explains the future objective



Question
No: 39 ( Marks: 1 ) - Please choose one



Developing
vision and mission statements is important because of the following



reasons
EXCEPT:



They
are the basis for allocating resources



They are useful for large firms only


They
establish organizational culture



They
translate objectives into work structure






Question
No: 40 ( Marks: 1 ) - Please choose one



A series
of ratios that measure the extent to which a firm has been financed by debt is



known
as:



Activity
ratios



Leverage ratios


Profitability
ratios



Liquidity
ratios



























FINALTERM EXAMINATION


Fall 2009


MGT603- Strategic Management (Session -
4)






Time: 120 min


Marks: 90














Question No:
1 ( Marks: 1 ) - Please choose
one



Which of the following is NOT included in the strategic
management model?



Measure and evaluate performance











Establish long-term objectives


Develop mission and vision statements


Perform internal research to identify
customers






Question No:
2 ( Marks: 1 ) - Please choose
one



A mission statement shouldreconcile interests among
diverse stakeholders”. What does it mean?



All shareholders must be satisfied


► Shareholders
should be given preference over customers



► Firm
will devote attention to meeting claims of various stakeholders



► Firm
will devote its attention towards the maximization of shareholders value






Question No:
3 ( Marks: 1 ) - Please choose
one



Which of the
following are signs of strength in a company's competitive position?



► A debt-to-asset
ratio below 0.50 and a positive net cash flow



► A website
with extensive information about the company and its product line




R&D and advertising expenditures greater than $10 million annually



► A strongly
differentiated product and a strong or rising market share






Question No:
4 ( Marks: 1 ) - Please choose
one



Which of the following is the first step in the
controlling function of management?



► Take corrective actions


► Restrict breaks employees take


► Evaluate expense reports


► Establish performance standards





Question No:
5 ( Marks: 1 ) - Please choose
one



Which of the following allows an organization to
test alternative marketing plans and to forecast future sales of new products?



► Marketing


► Advertisement


► Test marketing


► Customer analysis





Question No:
6 ( Marks: 1 ) - Please choose
one



The steps required to perform cost/benefit
analysis include all BUT:



► Comparing the total costs with the total
benefits



► Figure out the total costs associated with a decision


► Approximation of the total benefits from the
decision



► Adding the total cost and total benefit





Question No:
7 ( Marks: 1 ) - Please choose
one



In strategy
formulation phase, what can be the problem when only financial ratios are used
to measure organizational performance?



► They need
to be compared with competitors’



► They are
only understandable by accountants



► There are
many different measures available



► The measures
are usually inconsistent






Question No:
8 ( Marks: 1 ) - Please choose
one



The IFE matrix summarizes and
evaluates which factors in the functional areas of a business?



Opportunities and threats


Strengths and weaknesses


Strengths and threats


Opportunities and weaknesses





Question No:
9 ( Marks: 1 ) - Please choose
one



The Web sites that sell products
directly to the consumers are the examples of which type of strategy?



Backward integration


Product development


Forward integration


Horizontal integration





Question No:
10 ( Marks: 1 ) - Please choose
one



Which of the
followings best describes the Horizontal Integration?



► A firm
takes over a supplier



► A firm
takes over a distributor



► A firm
takes over a competitor



► A firm
takes over a manufacturer






for more contents visit


Question No: 11 ( Marks: 1
) - Please choose one



Which of the following is a drawback or limitation
of Horizontal Integration?



► Synergies may be
more imaginary than real


► It can
increase suppliers' and buyers' bargaining power


► Economies of
scale are likely to be decreased


► Both the
first & third options are correct





Question No: 12 ( Marks: 1
) - Please choose one



Competitive advantage based on differentiation
derives from:



► Being the lowest
cost producer in the industry and offering the lowest priced products


► Having processes
and systems which are different from competitors


► Offering products
which offer different benefits from competitors' and are valued by buyers


► Having the
broadest range of different goods and services in the industry





Question No: 13 ( Marks: 1
) - Please choose one



All of the
following situations are conducive to market development EXCEPT:



► When new channels of distribution are
expensive


► When new untapped or unsaturated markets
exist


► When an organization has excess production
capacity


► When an organization’s basic industry is
becoming rapidly global





Question No: 14 ( Marks: 1
) - Please choose one



Which strategy
would be effective when the stockholders of a firm can minimize their losses by
selling the organization’s assets?



► Liquidation


► Integration


► Differentiation


► Diversification





Question No: 15 ( Marks: 1
) - Please choose one



ABC firm has
high production cost in Pakistan due to expensive raw material. The firm
is formulating the strategy of capturing the European market as prices of raw
material used in ABC firm’s products is relatively low in European market and
demand is also there for the firm’s products. Which of the following strategy
the firm is going to use?



► WO


► SW


► ST


► WT





Question No: 16 ( Marks: 1
) - Please choose one



What of the
following strategy would you recommend when a firm’s SPACE Matrix directional
vector has the coordinates (-5, -2)?



► Market
penetration


► Market
development


► Backward integration


► Retrenchment





Question No: 17 ( Marks: 1
) - Please choose one



ABC company is
competing in an industry where the growth rate of that industry from year to
year has reached zero or is close to zero, ABC is operating in which industry?



► Growing industry


► Emerging industry


► Mature industry


► Declining industry





Question No: 18 ( Marks: 1
) - Please choose one



IE matrix is based on which dimensions?


► Market share and
industry growth


► Financial strength
and industry strength


► Weighed scores
of IFE and EFE matrices


► Market growth
and competitive position





Question No: 19 ( Marks: 1
) - Please choose one



How can the divisions that fall in hold and
maintain region of IE matrix be best managed?



► Market
penetration and product development


► Forward
integration and backward integration


► Horizontal
diversification and joint venture


► Mergers and acquisitions





Question No: 20 ( Marks: 1
) - Please choose one



In Grand
strategy matrix what will be the appropriate quadrant for the Ahmad textiles if
it is operating in slow growing market and holds weak competitive position?



► Quadrant I


► Quadrant II


► Quadrant III


► Quadrant IV





for
more contents visit


Question No: 21 ( Marks: 1
) - Please choose one



Which of the following is TRUE about
weights assigned in QSPM?



► This refers
to preference assigned to the internal and external factors


► This refers
to relative importance of the internal and external factors


► This refers
to the insignificance of the internal and external factors


► This refers
to the relative size of the internal and external factors





Question No: 22 ( Marks: 1
) - Please choose one



Numerical values that indicate the relative
attractiveness of each strategy in a given set of alternative strategies is
referred as:



► Total
attractiveness score


► Attractiveness
score


► Weighted score


► Total weighted
score





Question No: 23 ( Marks: 1
) - Please choose one



What can be the limitation of QSPM?


► Only a
few strategies can be evaluated simultaneously


► The cost
of doing the analysis is very high


► Intuitive
judgments and educated assumption are required


► It requires
equal participation of everyone in organization





Question No: 24 ( Marks: 1
) - Please choose one



Which of the following is a deliberate plan of
action, guidelines, methods, procedures to guide decisions and achieve rational
outcome?



► Annual
objectives


► Strategies


► Policies


► Goals





Question No: 25 ( Marks: 1
) - Please choose one



Why do changes
in company strategy often require changes in the way an organization is
structured?



► Because structure
depicts how goals will be established


► Because structure
dictates how authorities will be delegated


► Because structure
dictates how resources will be obtained


► Because structure
dictates how financial resources are spent





Question No: 26 ( Marks: 1
) - Please choose one



Which
organizational structure is the most simple and economical?



► Strategic business
unit


► Functional
structure


► Divisional
structure


► Matrix structure





Question No: 27 ( Marks: 1
) - Please choose one



A divisional
structure by geographic area is most appropriate in which of the following
situation?



► Organizations
have similar branch facilities in dispersed areas


► Organization
offers a limited number of products or services


► Organization
needs strict control over product lines


► Organization has
to serve a large geographic area





Question No: 28 ( Marks: 1
) - Please choose one



Which of the
following is best identified as being an adaptation of the divisional
structure?



► Vertical
Integration


► Strategic
business units


► Joint venture


► None of
the given options





Question No: 29 ( Marks: 1
) - Please choose one



All of the
following fall under the category of restructuring EXCEPT:



► Reducing number
of employees


► Reducing number
of shareholders


► Reducing number
of divisions


► Reducing number
of hierarchical levels





Question No: 30 ( Marks: 1
) - Please choose one



Which one of
the following is Educative change strategy?



► Giving orders
to subordinates and enforcing those orders


► Changing the
strategy of educational institutions


► Presenting
information to convince people of the need for change


► Attempting to
convince individuals that the change is for their interest





for
more contents visit


Question No: 31 ( Marks: 1
) - Please choose one



Under Just in
Time (JIT) approach, when the new stock is ordered?



► When stock comes to an end


► When stock reaches the re-order level


► On 1st of each month


► At the start of the year





Question No: 32 ( Marks: 1
) - Please choose one



Which one of the following variables is not
directly affected by market segmentation?



► Product


► Place


► Process


► Price





Question No: 33 ( Marks: 1
) - Please choose one



Which one of the following is an example of product
decisions?



► Brand name


► Volume discounts


► Distribution
channels


► Order processing





Question No: 34 ( Marks: 1
) - Please choose one



In the low earnings period, which one of the
following can endanger stockholders’ return and can put in danger the company
survival?



► Too much debt in
the capital structure


► Too much liquid
assets in the capital structure


► Too much equity
in the capital structure


► Too much
tax in the capital structure





Question No: 35 ( Marks: 1
) - Please choose one



Which element in the projected income statement
cannot be forecasted using the percentage-of-sales method?



► Cost of goods
sold


► Interest expense


► Selling expense


► Administrative
expense





Question No: 36 ( Marks: 1
) - Please choose one



Which of these is the most common type of budgeting
time frame?



► Daily


► Monthly


► Quarterly


► Annually





Question No: 37 ( Marks: 1
) - Please choose one



Which of the following is NOT accepted
for determining a business worth?



► Firm’s holdings


► Firm’s earnings


► Firm’s return on
investment


► Firm’s bringings in
to the market





Question No: 38 ( Marks: 1
) - Please choose one



If technology is changing rapidly and the market is
growing slowly then what decision the firm should take regarding R & D?






► In-house R&D
should be established


► Acquisition of a
well-established firm in the industry


► R&D
investment is risky, so don't take any action


► Obtain R&D
expertise on an nonexclusive basis





Question No: 39 ( Marks: 1
) - Please choose one



Which of the following is NOT one
of the major approaches to R&D?



► To be
an innovative imitator of successful products


► To be
a low-cost producer by mass-producing products


► To be
a differentiated products manufacturer in industry


► To be
the first firm to market new technological products





Question No: 40 ( Marks: 1
) - Please choose one



What is the appropriate time frame for
strategy-evaluation activities?



► At the
beginning of a problem


► On a
continuous basis


► Upon completion
of major projects


► After the
closing of financial year





for
more contents visit


Question No: 41 ( Marks: 1
) - Please choose one



XYZ Company has controlled its distributors so that
no other firm can access the scarce natural resources available in the country,
which are used in XYZ’s production. This action is taken in order to
reduce which of the following:



► The bargaining
power of customers


► The bargaining
power of suppliers


► The threat
of new entrants


► The threat
of substitute products





Question No: 42 ( Marks: 1
) - Please choose one



Which one of
the following statements best describes the activity ‘marketing and sales’ of
Porter’s supply chain model?



► Machining,
packaging, assembly, equipment maintenance & testing


► Activities
linked with getting buyers to purchase the product


► Activities that
maintain and enhance the product's value


► Receiving,
storing, inventory control & transportation planning





Question No: 43 ( Marks: 1
) - Please choose one



Outbound
logistics includes which one of the following?



► Receiving,
storing, inventory control, transportation planning


► Machining,
packaging, assembly, equipment maintenance, testing


► Activities
required to get the finished product at the customers


► Activities that
maintain and enhance the product's value





Question No: 44 ( Marks: 1
) - Please choose one



Which of the
following statement is TRUE about Inbound Logistics?



► It includes
receiving, storing, inventory control & transportation planning


► It includes
machining, packaging, assembly, equipment maintenance & testing


► It includes
activities required to deliver the finished product to the customers' end


► It includes
the activities that maintain and enhance the product's value





Question No: 45 ( Marks: 1
) - Please choose one



All of the
following are support activities of Porter’s supply chain model EXCEPT:



► Firm
Infrastructure


► Marketing and
Sales


► Technology
Development


► Procurement





Question No: 46 ( Marks: 1
) - Please choose one



To make changes in the organization’s management,
marketing, finance/accounting and R&D, which one of the following should be
focused?



► Revised mission


► Revised IFE
matrix


► Revised EFE
matrix


► Revised EPM
matrix





Question No: 47 ( Marks: 1
) - Please choose one



A revised IFE Matrix should focus on which one of
the following?



► Changes in the
organization's management, marketing R & D, computer information system and
external environment.


► Marketing,
finance/accounting, production/operations, R&D and computer information
systems strengths and weaknesses.


► Effectiveness of
a firm's strategies in response to key opportunities and threats.


► Effectiveness of
an organization’s strategy in pursuing the competitive goals and managerial
actions.





Question No: 48 ( Marks: 1
) - Please choose one



Which of the following statement is TRUE about
most of the quantitative criteria of evaluating strategies?



► These are
geared to annual objective


► These are
geared to short-term objective


► These are
geared to long-term objective


► These are
geared to social objectives





Question No: 49 ( Marks: 1
) - Please choose one



Which one of the following is NOT correct
about financial ratios?



► These are
used to compare the firm's performance over different time
periods


► These are
used to compare the firm's performance relevant to its competitors'


► These are
used to compare the firm's performance in relation to industry averages


► These are
used to compare the firm’s performance in relation to future trends





Question No: 50 ( Marks: 1
) - Please choose one



A good evaluation system must posses various
qualities. Which of the following is not a characteristic of a good strategy
evaluation system?



► Strategy-evaluation
activities must be economical



Strategy-evaluation activities should be meaningful



Strategy-evaluation activities should dominate the decisions



Strategy-evaluation activities should provide timely information





for
more contents visit


Question No: 51 ( Marks: 1
) - Please choose one



Which of the following
enables the firm to create superior value for its customers and superior
profits for itself in comparison to its rival firms?



Competitive advantage


Comparative advantage


► Differential
advantage


Suitable advantage





Question No: 52 ( Marks: 1
) - Please choose one



Adapting to change confronts an organization’s
strategic management to which of the following issue(s):



► What kind
of business we should be in?


► Are we in
the right field?


► Should we
reshape our business?


► All of the
given options





Question No: 53 ( Marks: 1
) - Please choose one



Which of the following environment includes all
those factors which affect the organization and is itself affected by the
organization?



► Task
environment


► Social
environment


► External
environment


► Internal environment





Question No: 54 ( Marks: 1
) - Please choose one



Non-financial
benefits of strategic management include all of the following EXCEPT:



Enhanced awareness of threats


Reduced resistance to change


Increase in sales


Better awareness of external threats





Question No: 55 ( Marks: 1
) - Please choose one



Which cell of the TOWS Matrix involves matching
internal strengths with external opportunities?



► The WT cell


► The SO cell


► The SW cell


► The ST cell





Question No: 56 ( Marks: 1
) - Please choose one



In the Boston Consulting Group (BCG) growth-share
matrix, which strategy in the matrix describes large generation of cash and
heavy investment needed to grow and maintain competitive positioning but net
cash flow is usually modest?



► Stars


► Dogs


► Cash cows


► Question
marks





Question No: 57 ( Marks: 1
) - Please choose one



Which of the following best describes “Strategy
Implementation”?



► It refers to positioning forces before the
action


► It focuses on effectiveness


► It requires coordination among many
individuals


► It requires coordination among few
individuals





for
more contents visit


Question No: 58 ( Marks: 1
) - Please choose one



Which of the
following is NOT a rule of thumb when using product positioning as a
strategy-implementation tool?



► “Don’t squat between segments”


► “Look for the hole or vacant niche”


► “Try to serve more than one segment with the same
strategy”


► “Don’t position yourself in the middle of the
map”





Question No: 59 ( Marks: 1
) - Please choose one



There are numerous external and internal factors
that can prohibit firms from achieving long-term and annual objectives. Which
of the following is NOT an external factor?



► Actions by
competitors


► Changes in
technology


► Changes in
demand


► Ineffective
strategies





Question No: 60 ( Marks: 1
) - Please choose one



According to “Linneman and Chandran”,
which of the following permits quick response to change, prevents panic in
crisis situations and makes managers more adaptable?



► Forecasting


► Contingency
planning


► Taking
corrective actions


► Environmental
scanning





Question No: 61 ( Marks: 5 )


Identify any five variables relating to Competitive
Advantage (CA) that are useful in determining Internal Strategic Position of a
company.






Question No: 62 ( Marks: 5 )


How can a firm create a “cost advantage”? Discuss
it by keeping in mind value chain activities.






Question No: 63 ( Marks: 10 )


Describe the types of organizational structures
managers can design. Also explain why they choose one structure over another.






Question No: 64 ( Marks: 10 )


Strategy can neither be formulated nor be adjusted
to changing circumstances without a process of strategy evaluation. But in
order to be effective, this process must meet several basic requirements. You
are required to discuss those requirements.

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: All Quiz MGT603 online 2010

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum