All Quiz MGT603 online 2010
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All Quiz MGT603 online 2010
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
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
Re: All Quiz MGT603 online 2010
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
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
Re: All Quiz MGT603 online 2010
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
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
Re: All Quiz MGT603 online 2010
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
manufactureCorporate 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 onlyThey 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
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
manufactureCorporate 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 onlyThey 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
Re: All Quiz MGT603 online 2010
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
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
Re: All Quiz MGT603 online 2010
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 should “reconcile 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
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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
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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
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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
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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
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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
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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.
& 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 should “reconcile 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
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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
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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
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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
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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
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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.
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