mgt603 latest solved mcqs so formal in planning that flexibility and creativity are stifled ......

Armaan [email protected]

MGT 603 New final term quiz fileLec 1 to 45

4 august 2010

1. All of the specified approaches could be used to determine R&Dbudget allocation EXCEPT:

Financing as many projects as possibleUsing percentage-of-sales methodBudgeting irrelative to competitors pg 71Deciding how many successful new products are needed

2. In order to avoid the emergence of substitute products, AF & ZCorporation has obtained an access and control over the scarcenatural resources necessary to produce their products. Thus,which of the following strategies is being practiced by AF & ZCorporation?

SO StrategyWO StrategySW StrategyST Strategy

3. Establishing and implementing ways of making things work isknown as:

PlanningOrganizingLeadingControlling

4. Which of the following is the benefit of strategic management?Fewer complexesMore complexLess staticMore profitable

5. Which of these is the allocation and reallocation of capital andresources to projects, products, assets and divisions of anorganization?

Investment decision pg 64

MGT603 Latest Solved MCQshttp://vustudents.ning.com

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Financing decisionsRestructuring decisionsStrategic decision

6. A chance for advancement, progress or profit prevailing in externalenvironment of a company is known as:

StrengthWeaknessOpportunityThreat

7. A firm should practice Joint Venture strategy in which of thefollowing cases?

When the SPACE matrix vector lies in defensive quadrantWhen the SPACE matrix vector lies in aggressive quadrantWhen the SPACE matrix vector lies in conservative quadrantWhen the SPACE matrix vector lies in competitive quadrant

8. Adding new but unrelated products or services for appealingpresent customers is known as:

Forward integrationBackward integrationConglomerate diversificationHorizontal diversification pg 80

9. Financial ratios are helpful in analyzing the relationship amongwhich of the following?

10.Select correct option:All assets and liabilitiesProfits and costsAll functional areas of business pg 63Sales and profitability

11.Which of the following is an example of Intensive strategies?Conglomerate strategyForward integrationMarket penetration pg 89Retrenchment

12.Which one of the following dimensions is NOT a recommendedcomponent of a mission statement?

Select correct option:Self-conceptMarkets



StrategiesCustomers

13.Strategic management integrates all of the following areasEXCEPT:

ManagementMarketingResearch and developmentHuman resource management

Which of the following are the five forces that affect the level ofcompetition in an industry?

Threat of entrants; power of buyers; power of suppliers; threat ofsubstitutes; competitive rivalry pg 143

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

Threat of recession; power of buyers; power of suppliers; threat ofmanagement failure; competitive rivalry

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

14.What term refers to selling a division of an organization?Select correct option:

Joint ventureDivestiture 81LiquidationHorizontal integration

15.All of the following fall under the category of "Process” function ofproduction management EXCEPT:

Select correct option:

Choice of technologyQuality assurance pg 68Process flow analysisTransportation analysis



16.When two organizations of about equal size unite to form oneenterprise, which of the following takes place?


Hostile takeoverMergerLiquidationDivestiture

17.All of these are pitfalls an organization should avoid in strategicplanning EXCEPT:


Using plans as a standard for measuring performance. Pg 14 imporatantUsing strategic planning to gain control over decisions and resourcesFailing to involve key employees in all phases of planningBeing so formal in planning that flexibility and creativity are stifled

18.Defensive strategies include all of the following EXCEPT:Select correct option:

RetrenchmentAcquisition pg 93DivestitureLiquidation

19.External forces directly affects all of the following EXCEPT:Select correct option:

Market segmentation strategiesTypes of products/services offeredManagement structure of organization pg 28Choice of businesses to acquire or sell

20.Which of the following is the highest possible weighted score forthe organization in IFE matrix?




1.01.52.5 pg 474.0

Mgt 603 25 final term quiz21.Adding new, unrelated products or services is called:


Forward integrationBackward integrationConglomerate diversification pg 80 is very important for mcqsConcentric diversification

22.Which of the following is the first step in the controlling function ofmanagement?

Take corrective actionsRestrict breaks employees takeEvaluate expense reportsEstablish performance standards pg 58

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

DifferentiationHybridCost leadershipFocus

24.All of the following are the types of cooperative arrangementsEXCEPT:

R&D partnershipsJoint-bidding consortiaCross-licensing agreementsDiversification pg 95

25.All of the following are functional support roles of ManagementInformation System EXCEPT:

Recording and storing accounting recordsRecording and storing inventory dataRecording and storing business intelligence dataThe enhanced ability to explore "what if" pg 73



26.External assessment is performed in which of the strategicmanagement phase?

Strategy formulation stageStrategy implementation stageStrategy evaluation stageAll of the given options

27.Backward integration is effective in all of the following situationsEXCEPT:

When an organization competes in an industry that is growing rapidlyWhen an organization needs to acquire a needed resource quicklyWhen the advantage of stable prices are not important pg 82When present suppliers have high profit margins

28.Product development involves going in the direction of which oneof the following?

Present products to present marketsPresent products to new marketsNew products to present marketsNew products to new markets

29.What are the four dimensions of a SPACE matrix?

Environmental stability; Industrial strength; Competitive advantage; Marketgrowth rateEnvironmental stability; Industrial strength; Competitive advantage;Financial strength pg 100Industrial strength; Competitive advantage; financial strength; Market shareEnvironmental stability; Industrial strength; Market growth rate; Market share

30.Which one of the following strategies is referred as presentingproducts, often with a little or no modification, to customers inrelated marketing areas?

Market developmentMarket penetrationHorizontal integrationProduct development



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

Economic forcesPolitical forcesTechnological forcesCompetitive forces

32.All of the following are the types of Profitability ratios EXCEPT:Select correct option:

Net profit marginInventory turnover 65Return on total assetsEarnings per share

33.Where an organization is considering development in an existingmarket with existing products it is pursuing which of the followingstrategy?


DiversificationMarket developmentMarket penetrationProduct development

34. In adapting to change an organization must monitor which of thefollowing?


Ongoing processesInternal and external eventsTimely changesAll of the given options

35.Which strategy seeks to increase market share of present productsor services in present markets through greater marketing efforts?




Market penetration pg 80Market developmentBackward integration

Product development

36.Following are the examples of the sectors that are moretechnologically oriented EXCEPT:

Select correct option:Volatile

Textile pg 39PharmaceuticalTelecommunicationsBeverages

37.Which of the following is NOT a SPACE Matrix quadrant?Select correct option:

AggressiveDefensiveCompetitiveOffensive pg 100

38.Which of the following stages of strategy formulation frameworkinvolves developing Internal-External (IE) Matrix?


Input stageOutput stageMatching stageDecision stage

39.The total weighted score of IFE matrix developed for XYZcorporation is 3.5. Which of the following statement is TRUE aboutXYZ Corporation in the light of IFE matrix total weighted score?


Corporation has strong external positionCorporation has weak internal position



Corporation has strong internal positionCorporation has weak external position

40.SPACE matrix stands for:Select correct option:

Strategic position and action evaluation matrix pg 97Strategic power and commerce evaluation matrixStrategy performance and activity evaluation matrixStrategy position and competitiveness evaluation matrix

41.Test marketing is commonly applied by which of the followingcompanies?


Industrial goods companiesConsumer goods companies pg 60Public sector companiesPrivate sector companies

42.Which of the following are the two internal dimensions representedon the axes of the SPACE Matrix?


Environmental stability and industrial strengthIndustrial strength and competitive advantageCompetitive advantage and financial strength pg 100Financial strength and environmental stability

43.Which of the following are the two external dimensions to beconsidered in SPACE Matrix?


Environmental stability and industrial strength pg 100Environmental stability and competitive advantageIndustrial strength and competitive advantageIndustrial strength and Financial strength



44.Which of the following strategy generally entails large research anddevelopment expenditures?


Market penetrationRetrenchmentForward integrationProduct development 90

45.External forces directly affects all of the following EXCEPT:Select correct option:

Market segmentation strategiesTypes of products/services offeredManagement structure of organization pg 28Choice of businesses to acquire or sell

46.Which of the following is NOT included in the strategicmanagement model?


Measure and evaluate performance.Perform internal research to identify customers. Pg 10Establish long-term objectives.Develop mission and vision statements.

47.Which one of the following strategies is referred as presentingproducts, often with a little or no modification, to customers inrelated marketing areas?


Market developmentMarket penetrationHorizontal integrationProduct development



48.Which strategy seeks to increase market share of present productsor services in present markets through greater marketing efforts?


Market penetration 89Market developmentBackward integrationProduct development

49.Adding new, unrelated products or services is called:Select correct option:

Forward integrationBackward integrationConglomerate diversification pg 80Concentric diversification

50.Firm located in aggressive quadrant of a SPACE matrix isrecommended to practice any of the following strategies EXCEPT:


Market penetrationLiquidationForward integrationConcentric diversification

51.Which of the following decisions determine the amount of fundsthat are retained in a firm compared to the amount paid out tostockholders?


FinancingInvestmentCapitalDividend pg 64

52.As managers move up the organization, they perform which of themanagement function more?

Select correct option:Leading



ControllingOrganizingPlanning

53.Which of the followings best describes the Horizontal integration?Select correct option:

A firm takes over a supplierA firm takes over a distributorA firm takes over a competitor pg 80A firm takes over a manufacturer

54.Which strategy is appropriate when an organization competes in anindustry characterized by rapid technological developments?


RetrenchmentProduct development pg 90LiquidationMarket penetration

55.Which of the following stages of strategy formulation frameworkinvolves developing Internal-External (IE) Matrix?


Input stageOutput stageMatching stage pg 97Decision stage

56.Departmentalization can be done on the basis of many factorsEXCEPT:


FunctionsNumber of employees pg 56Strategic business units



Divisions

57.Which of the following can be best described as short-term innature?


Mission statementsAnnual objectives pg 10StrategiesVision statement

58.Long-term objectives are needed at which level(s) of theorganization?


Corporate levelDivisional levelFunctional levelAll of the given options pg 9

59.What term refers to selling a division of an organization?Select correct option:

Joint ventureDivestiture pg 80LiquidationHorizontal integration

60.Which of the following refers to the belief related to objectivessetting that "the future is laden with great uncertainty and that if wetry and do not succeed, then we hope our second (or third) attemptwill succeed"?


Managing by hope pg79Managing by extrapolationManaging by crisis

Managing by subjective



61.Matching stage of the strategy formulation framework comprises offormulating which of the following set of strategies?Select correct option:

BCG, SPACE and QSPM MatrixBCG, SPACE and TOWS MatrixSPACE, TOWS and IFE MatrixBCG, SPACE and EFE Matrix

62.Strategies that are designed to appeal customers with a specialsensitivity for a particular product attribute are dependent on whichof the following?Select correct option:

Differentiation strategyFocus strategyNiche strategyLow cost strategy

63. Integration strategies are sometimes collectively referred to aswhich of these strategies?Select correct option:

Horizontal integrationForward integrationHierarchical integrationVertical integration 81

64.Which of the following is NOT included in SWOT Matrix?Select correct option:

Matching strengths and threatsMatching weaknesses and threatsMatching weaknesses and opportunitiesMatching weaknesses and strengths

5:51 PM ????????????????????



65.All of the following would be considered organizational skills andresources that will be used in differentiation strategy EXCEPTwhich one?Select correct option:

Strong research and development departmentProducts designed for ease of manufacture pg 86 impCorporate reputation for quality and reliabilityCreative, talented and skilled personnel

66.Which management function includes breaking tasks into jobs,combining jobs to form departments and delegating authority?

MotivatingStaffingOrganizingPlanning

67.Total weighted scores of IFE matrix below 2.5 characterizes anorganizations as:Select correct option:Organization is externally weakOrganization is internally weak pg 75Organization is internally strongOrganization is externally strong

68.Which of the following ties all business functions together andprovides the basis for all managerial decisions?

MarketingInformation pg73TechnologyWorkforce

69.All of the following would be considered as weaknesses to abusiness EXCEPT:Select correct option:

Maturing marketsLimited industry expertiseBrand nameLimited financial resources



70.Which of the following are two positive-rated dimensions onSPACE Matrix?Select correct option:FS and CACA and ES negativeFS and IS pg 100IS and ES

71.All of the following situations are conducive to market developmentEXCEPT:

When new untapped or unsaturated markets existWhen new channels of distribution are expensive pg 90When an organization has excess production capacityWhen an organization’s basic industry is becoming rapidly global

72.Opportunity analysis is one of the basic functions of which one ofthe following?

computer information systemsMarketing pg 63 importantProduction/operationsResearch and development

.

73. Which group would be classified as a stakeholder?Select correct option:

CommunitiesBanksSuppliersAll of the given options

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


RetrenchmentDivestitureJoint ventureLiquidation



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


External assessmentIndustry analysisCompetitive intelligence programBusiness ethics

Mgt 603 final term quiz file 276.Which strategy is appropriate when an organization competes in an

industry characterized by rapid technological developments?Select correct option:

RetrenchmentProduct development 90LiquidationMarket penetration

77.Which of the following refers to determining the best capitalstructure for the company?Select correct option:

Restructuring decisionsFinancing decisions 64Strategic decisionInvestment decision

78.The IE Matrix consists of how many cells?Select correct option:

SevenEightNine 105Ten

79.Assigning rating 3 to an internal factor in IFE matrix indicateswhat?Select correct option:

Major weaknessMinor weaknessMinor strengthMajor strength



80. Investment decisions are also known as:Select correct option:

Business financeCapital structureCapital budgeting 64Dividend policy

81.Product development involves going in the direction of which oneof the following?Select correct option:Present products to present marketsPresent products to new markets 80New products to present marketsNew products to new markets

82. Integration strategies allow a firm to gain control over all of thefollowing EXCEPT:Select correct option:DistributorsInvestors 81SuppliersCompetitors

83.What is the range for a firm’s total weighted score in an ExternalFactor Evaluation Matrix?Select correct option:0 to 50 to 41 to 51 to 4 pg44

84.Which of the following refers to the belief related to objectivessetting that "the true measure of a really good strategist is the



ability to solve problems"?Select correct option:Managing by objectivesManaging by extrapolationManaging by crisis 79Managing by subjectives

85.HTML stands for which of the following?Select correct option:Hybrid text markup languageHypertext Markup LanguageHyper text manufacture languageHighly technical markup language

86. In BCG growth-share matrix, which of the following would be mostlikely to possess a low market share and a high growth rate?Select correct option:DogQuestion markCash cowStar

87.Defensive strategies include all of the following EXCEPT:Select correct option:

RetrenchmentAcquisitionDivestitureLiquidation

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

MarketingFinanceOperationsDistribution



89.Which category of ratios measures “how effectively a firm canmaintain its economic position in the growth of the economy andindustry”?

LiquidityLeverageActivityGrowth 65

90.Which of the following are two negative-rated dimensions onSPACE Matrix?

FS and CACA and ESFS and ISIS and ES

91.Which of the following refers to the belief related to objectivessetting that "there is no general plan for which way to go and whatto do"?Select correct option:

Managing by crisisManaging by extrapolationManaging by hopeManaging by subjectives 79

92.Which of the followings deals with the management of inputs,transformations and outputs that vary across industries andmarkets?Select correct option:

MarketingFinanceOperationsDistribution

93.Which of the following can be considered one of the factors ofexternal opportunities and threats of an organization?Select correct option:

Production/ operationsResearch & developmentCompetitive trendsManagement information system



94.Choose the economic variable from the list.Attitudes toward business

Attitudes toward product qualityPopulation changes by raceStock market trends 30

95.Strategy formulation techniques can be integrated into how manystages of decision making framework?Select correct option:

TwoThree 96FourFive

96.Which of these strategies is effective when the number of suppliersis small and the number of competitors is large?Select correct option:

Conglomerate diversificationForward integrationBackward integration 82Horizontal diversification

97.An organization’s division that has a low relative market shareposition and competes in a slow-growth industry is known as:Select correct option:

Dog 103Question markStarCash cow

98.Which stage of the strategy-formulation framework consists of theQuantitative Strategic Planning Matrix?Select correct option:

Formulation frameworkMatching stageDecision stage 97All of the given options



99.Profile Matrix?Select correct option:

Input stage 96Output stageMatching stageDecision stage

100. Abdullah group of industries is involved in the sale of itsmarginal business. It is mot likely to say that Abdullah group isimplementing which one of the following strategies?


Retrenchment pg 80LiquidationAcquisitionJoin venture

101. ABC firm is facing high production costs in Pakistan due toexpensive raw material. The firm is formulating a strategy ofcapturing European market because of low priced raw material andhigh demand of their products in Europe. Keeping in view thementioned situation which of the following strategies ABC firmmust pursue?


WO StrategySW StrategyST StrategyWT Strategy

102. While preparing an External Factor Evaluation matrix, a totalscore of 0.8 indicates what?


Firm is taking advantages of strengths and avoiding threatsFirm is not taking advantages of opportunities and is avoiding threatsFirm is not taking advantages of opportunities and is not avoiding threats(Page 46)Firm is taking advantage of opportunities and is avoiding the threats

103. Which of the following depicts the signs of strength of acompany's competitive position?




A debt-to-asset ratio below 0.50 and higher EPS.A website with extensive information about the company and its product line.An annual R&D and advertising expenditures greater than $10 million.A strongly differentiated product, a strong or rising market share

104. When the Chief Executive of a chain of pharmacies decided tosell off or close some of the locations that were not profitable, he wasperforming which of the management function?


LeadingPlanningControllingOrganizing

105. In order to avoid the emergence of substitute products, AF & ZCorporation has obtained an access and control over the scarcenatural resources necessary to produce their products. Thus,which of the following strategies is being practiced by AF & ZCorporation?


SO Strategy(Page 98)WO StrategySW StrategyST Strategy

106. A position vector with (-6, +6) coordinates describes which ofthe following statements regarding SPACE analysis matrix?


A financially weak and highly competitively firmA financially strong and highly competitively firmA financially strong firm but competitively weakA financially as well as competitively weak firm

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


Address important issuesEasy to rememberPrecise and measurableChallenging but realistic



108. Which of the following is the decision support role ofmanagement information system?


Processing marketing records into marketing plansAllowing users to ask "What if” questionsRecording and storing such human resource recordsProcessing operations records into production schedules

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


GoalStrategyPolicyProcedure

110. A joining of two companies through one company buyingmore than one half of the other company's stocks is known as:


MonopolizationA spin-offAn acquisitionA merger

111. Which of these is an attractive strategy for a cash cowdivision?


Concentric diversificationHorizontal integrationConglomerate diversificationBackward integration

112. What happens to the demand for discretionary goods wheninterest rates rise?


Rises( not sure)DeclinesRemains the sameFirst rises then declines

113. All of the following are the limitations of BCG Matrix EXCEPT:Select correct option:



It is one-dimensional to view every business as a star, cash cow, dog or questionmark.BCG can not be developed if a firm have at less than least three years data.The businesses that fall in the centre of BCG matrix can not be classified.Other variables such as size of market and competitive advantages are notconsidered.

114. Which one of the following is the characteristic of Questionmarks?

Select correct option:Excess cash generationLow cash generationOpportunities for growthNo-market-growth industry

115. Which of the following factors can predict the stability or non-stability of the environment, the firm is operating in?

Select correct option:Rate of inflationEase of exit from marketCustomer loyaltyFinancial stability

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

Select correct option:Different productsDifferent servicesDifferent strategiesAll of the given options

117. What type of strategies would you recommend when a firm’sSPACE Matrix directional vector has coordinates (-2, +3)?

Select correct option:AggressiveConservativeCompetitiveDefensive

118. Assessment of competitive rivalry does NOT include anunderstanding of which of the following?

Select correct option:Mergers and acquisition in industryMarket growth ratesExit barriers and operational efficiency of competitorThe management structure of an organization



119. the XYZ Organization has a statement that describes the needsfor which the organization was created to fill and answers the basicquestion of why the organization exists. XYZ is most likely to haveany one of the following?

Select correct option:StrategyVision statementMission statementFunctional tactics

120. Business units that have low market share and are operatingin slow-growing industry should choose all of the followingEXCEPT:

Select correct option:Distribution efficiencyProduction efficiencyNew investmentsProduct innovation

121. Internal strengths and weaknesses that can significantlybenefit or harm an organization may include all of the followingEXCEPT:

Select correct option:Production/ operationsResearch & developmentE-commerceManagement information system

122. Which of these is an attractive strategy for a cash cowdivision?

Select correct option:Concentric diversificationHorizontal integrationConglomerate diversificationBackward integration

123. All of the following would be considered organizational skillsand resources that will be used in differentiation strategy EXCEPTwhich one?

Select correct option:Strong research and development departmentProducts designed for ease of manufactureCorporate reputation for quality and reliabilityCreative, talented and skilled personnel



124. ABC company is competing in an industry where the growthrate of that industry from year to year has reached or is close tozero, ABC is operating in which industry?


Growing industryEmerging industryMature industryDeclining industry

125. All of the following are the steps for the development of IEmatrix EXCEPT:


Plot IFE total weighted scores on the x-axisPlot EFE total weighted scores on the y axisDetermine the region into which the division fallsDetermine the quadrant where position vector lies

126. Where an organization is considering development in anexisting market with existing products it is pursuing which of thefollowing strategy?

DiversificationMarket developmentMarket penetrationProduct development

127. Exclusive access to high grade natural resources is anexample of which of the following?


128. Harvest or divest’ is one of the major regions of which of thefollowing?

Competitive Profile MatrixInternal-External MatrixSPACE MatrixGrand Strategy Matrix

129. If market shares of competitors are declining whereas totalindustry sales are increasing, which strategy do you think may be theright one to pursue?

DivestitureMarket Penetration



Market DevelopmentRetrenchment

130. When the Chief Executive of a chain of pharmacies decided tosell off or close some of the locations that were not profitable, he wasperforming which of the management function?

LeadingPlanningControllingOrganizing

131. All of the following are the indicators of industry strength foran organization EXCEPT:


Financial stabilityEase of entry into the marketGeographic and product freedomControl over suppliers

132. What strategies are appropriate for the divisions that fall ingrow and build region of IE matrix?


Defensive and integrative strategiesIntensive and integrative strategiesDiversification and intensive strategiesDefensive and diversification strategies

133. What is represented by the pie slice in BCG matrix?Select correct option:

Relative market share captured by that divisionCompetitive position possessed by that divisionFinancial strength of the division in relation to other divisionsProportion of corporate profits generated by the division

134. When a merger or acquisition is not desired by both theparties of merger, then it is known as:

DivestitureTakeoverOutsourcingIntegration

135. In the SPACE analysis, what does (+7, -6) coordinates depict?A firm operating in a strong industry with an unstable environment(may be)



A firm operating in a strong industry with a stable environmentA highly competitive firm operating in an unstable environment(not sure)A financially strong firm operating in an unstable environment

136. IE matrix is based on which dimensions?Market share and industry growthFinancial strength and industry strengthWeighed scores of IFE and EFE matricesMarket growth and competitive position

137. Which strategy seeks to increase market share of presentproducts or services in present markets through greater marketingefforts?


Market penetrationMarket developmentBackward integrationProduct development

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



Made By Armaan.makhaniMgt 603 Quizzes Midterm

May 5 to 21st, 2010Lec 1 to 18



1. The social factors that affect a firm involve all of the following EXCEPT:Attitudes of people in the external environmentLifestyles of peoplePer capita incomeValues and beliefs of persons outside the firm

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

Propensity of people to spendBuying habitsLevel of disposable incomeIncome differences by region

3. Which one of the following is NOT a basic mission of a competitive intelligenceprogram?

To provide a general understanding of an industryTo provide a general understanding of a company’s competitorsTo identify industry executives who could be hired by the firmTo identify potential moves a competitor might make that would endanger a firm

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

Formulation and implementation of strategyFormulation and Evaluation of a strategyImplementation and evaluation of a strategyFormulation, implementation and evaluation of a strategy

5. 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?

6. Which of the following statement is TRUE about a Vision statement of acompany?

It concentrates on futureIt defines the customersIt identify critical processesIt informs about the desired level of performance



7. All of the following statements are true about a firm’s mission statementEXPECT:

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 alternativestrategies.Primary reason to develop a mission statement is not to attract the customers

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

9. Principles of conduct that guide decision-making are known as:

Human rightsBusiness ethicsThe constitutionSocial responsibility

10. “A Good mission statement identifies the utility of a firm's products to itscustomers”; which of the following represents this statement?

Organization’s philosophyCustomer orientationSocial policyDeclaration of attitude

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

Mid 1950s to mid 1960sMid 1960s to mid 1970s



Mid 1970s to mid 1980sMid 1980s to mid 1990s

11. Which of the following is the greatest advantage of international operations?

Reduced tariffs and taxesAccess to global business practicesGaining new customersLess-intense competition

12. Which component of a mission statement addresses the firm’s distinctivecompetence or major competitive advantage?

TechnologyPhilosophyCustomersSelf-concept

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

Economic forcesSocioeconomic forcesTechnological forcesCompetitive forces

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

Generate range of feasible strategic alternativesReconcile interests among diverse stakeholdersWhat does the firm want to becomeProvide criteria for selecting strategies

15. Which of the following step in the strategic development process involvesmobilizing employees and managers to put strategies into action?Select correct option:



Formulating strategyStrategy evaluationImplementing strategyStrategy planning

16. Which of the following is the greatest advantage of international operations?Select correct option:


17. Which one variable falls under the category of the Social, Cultural,Demographic, and Environmental Variable?Select correct option:


18. Which of the follwoing term represents the enduring statement of purpose thatdistinguish one business from other similar firms?Select correct option:

VisionStrategyMissionTactics

19.The purpose of an external audit is to prepare a list of which of the following?Select correct option:

Opportunities and weaknessesThreats and strengthsOpportunities and threatsStrengths and weaknesses



20. External assessment is performed in which of the strategic management phase?Select correct option:

Strategy formulation stageStrategy implementation stageStrategy evaluation stageAll of the given options

4?

http://books.google.com.pk/books?id=nXDmI6fVcg8C&pg=PA9&lpg=PA9&dq=term+represents+the+enduring+statement+of+purpose+that+distinguish+one+business+from+other+similar+firms&source=bl&ots=xtZbggXPN8&sig=Hy0HA_4oxMAgHWGLVy5hHV87Hfk&hl=en&ei=InLhS_fSD879_AaRt42_Ag&sa=X&oi=book_result&ct=result&resnum=8&ved=0CCsQ6AEwBw#v=onepage&q&f=false

21. During which stage of strategic management, firm’s specific internal strengthsand weaknesses are determined?Select correct option:

FormulationImplementationEvaluationFeedback

22.What is the first step in the comprehensive strategic-management model?Select correct option:

Performing external auditsDeveloping vision and mission statementsPerforming internal auditsMeasuring and evaluating performance

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


http://books.google.com.pk/books?id=nXDmI6fVcg8C&pg=PA9&lpg=PA9&dq=term+r


Select correct option:MeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectives

24.In which of the following phase of strategic management, annual objectives areespecially important?Select correct option:

FormulationEvaluationImplementationManagement

25.All of the following are the key opportunities or threats in external environmentbecause of Political, Govt. & lLegal force EXCEPT:Select correct option:Tax ratesTrust in governmentPak-India relationshipsPatent laws

26. Reasons due to which some firms do “No Strategic Planning” incorporate all ofthe following EXCEPT:Select correct option:Wastage of timeFire-fightingContent with successPrivileged reward structures

27. Technological advancements can create which of the following advantage besidesmany other existing powerful advantages for the businesses?




EconomicCompetitiveSocialEnvironmental

28. Various job titles of a strategist may includes all of the following EXCEPT:Select correct option:OwnerForemanChancellorChief executive officer

29. Question # 7 of 15 ( Start ti09:22:41 PM ) Total Marks: 1Which of the following is one of the Political, Governmental & legal factors?Select correct option:Ethical concernsTraffic congestionLobbying activitiesAverage level of education

30. Which of the follwoing are the guidelines of decision making?Select correct option:

LawsRulesPoliciesGoals

31. Buyers can exercise high bargaining power over their suppliers under which oneof the following conditions?Select correct option:

When there are many good substitutes of raw materialThere are few buyers in the marketThey have few suppliers to choose fromThere is a high concentration of suppliers



32. Of the following, which one would NOT be considered one of the components ofa mission statement?Select correct option:

The target market for XYZ is oil and gas producers as well as producers ofchemicalsXYZ shall hire only those individuals who have with sufficient educational levels so as tobe of benefit to our customersThe customers of XYZ shall include global and local consumers of gas and oil productsand domestic users of nontoxic chemicalsThe technologies utilized by XYZ shall focus upon development of alternative sources ofgas and oil so as to remain competitive within the industry

33. Which of the following statement applies to Vision Statement?Select correct option:

Describes the purpose of existence of an organizationIdentify the customers of the organizationThe key measure or measures of the organization’s successDepict the values of an organization

34. Ethnic balance is affected due to which of the following?


Change in ethnic valuesAwareness of ethnic normsMigration of the people towards different areasIntroduction of new laws relating to ethnicity

35. Financial benefits of strategic management includes all of the followingEXCEPT:Select correct option:

Progression in profitabilityImprovement in employee productivityExpansion in the sales of businessEnhancement in productivity



36. Which of the following is an example of a narrow mission?Select correct option:

We sell packaged pineapplesThe firm deals in beveragesStationery is our productCompany manufactures food items

37. Effective mission statements don’t have one of the following features:Select correct option:

Generate range of feasible strategic alternativesReconcile interests among diverse stakeholdersWhat does the firm want to becomeProvide criteria for selecting strategies

38. Strategist is an individual who is involved in the strategic management process,thus may be known as:


Member board of directorPresidentDivision managerAll of the given options

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


MeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectives

40. Which of the following is not a pitfall an organization should avoid in strategicplanning?


Failing to involve key employees in all phases of planningInvolving all managers rather than delegating planning to a planner



Top managers not actively supporting the strategic planning processDoing strategic planning only to satisfy accreditation or regulatory requirements

41. Assessment of competitive rivalry does NOT include an understanding of whichof the following?

Mergers and acquisition in industryMarket growth ratesExit barriers and operational efficiency of competitorThe management structure of an organization

42. audit is to prepare a list of which of the following?



43. Which of the following statement is TRUE about a Vision statement of acompany?



44. All of the following are included in the five functions of the management processEXCEPT:


PlanningOrganizingLeadingDelegating



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


External environmentSocial environmentTask environmentInternal environment

46. The mission statement answers which of the following question?Select correct option:


47. which of the following is a standardized, detailed set of techniques and behaviorsthat manage anxieties, but seldom produce intended, technical consequences ofpractical results?


FolktalesRitesRitualsValues

48. Political variables have a significant effect on which one of the following?Select correct option:

Formulation and implementation of strategyFormulation and Evaluation of a strategyImplementation and evaluation of a strategyFormulation, implementation and evaluation of a strategy

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




MeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectives

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



51. Which of the following are developed in strategy implementation phase ofstrategic management?


Vision and missionAnnual objectivesStrengths and weaknessesOpportunities and threats

52. Developing a vision and a mission statement is important because of thefollowing reasons EXCEPT:


They are useful for large firms onlyThey establish organizational cultureThey are the basis for allocating resourcesThey translate objectives into work structure



53. For the past four years the ABC Corporation has been planning to expand itsoperations in order to reach out to the world market. Essentially, the ABCCorporation desires to do what?Select correct option:

Become an online businessBecome a brick-n-mortar businessEmbrace globalizationBecome a click-n-mortar business

54. “A Good mission statement identifies the utility of a firm's products to itscustomers”; which of the following represents this statement?Select correct option:


55. Non-financial benefits of strategic management includes all of the followingEXCEPT:Select correct option:

Better awareness of external threatsEnhanced awareness of threatsReduced resistance to changeIncrease in sales

56. Which of the following statements is NOT correct about a mission statement?


It contains the definition of the company's businessIt is called the picture of a company’s future.It is a statement containing the company's major goalsIt is known as statement of the corporate philosophy

57. Which of the following identified that “strategic management encouragesforward thinking, favorable attitudes towards change and discipline to the



management of business”?Select correct option:

GreeleyGreenlyGreenleyGreenwich

58. Which of the following statement is refered to ‘Price fluctuation’?Select correct option:

Decrease in pricesIncrease in pricesFluctuation in the prices of a particular commodityFluctuation in general price level

59. Which component of a mission statement addresses the firm’s distinctivecompetence or major competitive advantage?Select correct option:

TechnologyPhilosophyCustomersSelf-concept

60. Which of the following step in the strategic development process involvesmobilizing employees and managers to put strategies into action?



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




The owners of the companyThe people who purchases the shares of the companyThe people who have a special stake or claim on the companyAre the people who are in the management a company

62. Identify the stages of strategic management process in a precise sequence.Select correct option:

Strategy evaluation, strategy formulation & strategy implementationStrategy evaluation, strategy implementation & strategy formulationStrategy formulation, strategy implementation & strategy evaluationStrategy implementation, strategy evaluation & strategy formulation

63. Internal analysis involves gathering and analyzing the information about allareas of a firm EXPECT:Select correct option:

Research nad developmentManagement information systemMarketingCompetitors

64. The mission statement answers which of the following question?



65. Ethnic balance is affected due to which of the following?

Change in ethnic valuesAwareness of ethnic normsMigration of the people towards different areasIntroduction of new laws relating to ethnicity



66. Different types of consumers are created due to new trends, which in turnrequire which type of products?


Different productsDifferent servicesDifferent strategiesAll of the given options

67. During which stage of strategic management, firm’s specific internal strengthsand weaknesses are determined?Select correct option:

FormulationImplementationEvaluationFeedback

68. Strategist is an individual who is involved in the strategic management process,thus may be known as:


Member board of directorPresidentDivision managerAll of the given options

69. Strategy formulation stage includes all of the following EXCEPT:

Vision and missionStrength and weaknessOpportunities and threatsAnnual objectives

70.

Principles of conduct that guide decision-making are known as:Select correct option:

Human rightsBusiness ethics



The constitutionSocial responsibility

71.Assessment of competitive rivalry does NOT include an understanding of whichof the following?Select correct option:

Mergers and acquisition in industryMarket growth ratesExit barriers and operational efficiency of competitorThe management structure of an organization

72. What is the range for a firm’s total weighted score in an External FactorEvaluation Matrix?Select correct option:

0 to 50 to 41 to 51 to 4

73.The purpose of an external audit is to prepare a list of which of the following?Select correct option:


74. Which of the following statement is TRUE about a Vision statement of acompany?Select correct option:




75. : In the process of developing a mission statement, which of the following isCORRECT?Select correct option:

To involve as few managers as possibleTo involve as many managers as possibleTo involve upper-level management onlyTo involve the board of directors only

76. Where an organization takes into account the effect of its strategic decisions onthe society, the firm is taking care of which of these?


Corporate governanceBusiness policyBusiness ethicsSocial policy

77. which of the follwoing are the guidelines of decision making?Select correct option:

LawsRulesPoliciesGoals

78. 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?Select correct option:

Economic forcesSocial, cultural and, demographic forcesPolitical, governmental, and legal forcesCompetitive forces

79. Which of the following can be best described as short-term in nature?Select correct option:

Mission statements



Annual objectivesStrategiesVision statement

80. which of the following are the factors that concern the nature and direction ofthe economy in which a firm operates?Select correct option:

TechnologicalEcologicalSocialEconomic

81. Which of the following arise when a company can take advantage of conditionsin its environment to formulate and implement strategies that enable it tobecome more profitable?Select correct option:

StrengthsOpportunitiesWeaknessesThreats

82. Which statement is CORRECT about strategic-management process?Select correct option:

It occurs once a yearIt is a continuous processIt applies mostly to large businessIt applies mostly to small businesses

83. The organizations that conduct business operations across national borders areknown as which of the following?Select correct option:

Domestic firmsMultinational corporationsParent companiesFranchises

84. Which of the following is the greatest advantage of international operations?Select correct option:




85. : Which of the following is not a strategy-implementation activity?Select correct option:

Long term goals and objectives pg 4Developing strategy supportive cultureRedirecting marketing effortsDeveloping and utilizing information system

86. The mission statement answers which of the following question?Select correct option:


87. Where an organization takes into account the effect of its strategic decisions onthe society, the firm is taking care of which of these?Select correct option:


88. Which of the following is best identified as a statement that presents “a firm'sbig picture statement, describing a desired end-state, general in scope, and notrestrictive”?Select correct option:

Corporate philosophy statementCompany creedVision statementMission statement

89. social factors that affect a firm involve all of the following EXCEPT:



Attitudes of people in the external environmentLifestyles of peoplePer capita incomeValues and beliefs of persons outside the firm

90. A Good mission statement identifies the utility of a firm's products to itscustomers”; which of the following represents this statement?

Organization’s philosophySocial policyDeclaration of attitudeCustomer orientation

91. Principles of conduct that guide decision-making are known as:Select correct option:

Human rightsBusiness ethics sure page no 14The constitutionSocial responsibility

92. Which one of the following is NOT a key external force?Select correct option:

Social responsibilityOzone reduction sure page no 28Company managementEnergy conservation

93. Which of the following groups represents the stakeholders of a company?Select correct option:

The owners of the companyThe people who purchases the shares of the companyThe people who have a special stake or claim on the company page no 23Are the people who are in the management a company

94. Question # 8 of 15 ( Start time: 01:49:39 AM ) Total Marks: 1Strategist is an individual who is involved in the strategic management process,thus may be known as:Select correct option:

Member board of directorPresident page no 6Division managerAll of the given options



95. Intuition is based on all of the following factors EXCEPT:Select correct option:

Past experiencesJudgmentsUncertaintiespg 5Feelings

96. What are historical narratives describing the unique accomplishments of agroup and its leaders, usually in heroic terms?Select correct option:

RitesSagas page no 51StoriesMyths

97. Strategic management is the art and science of formulating, implementing andevaluating cross-functional decisions which is usually done by all of the followingEXCEPT:Select correct option:

Chairman of the companyBoard of directorsChief executive officerMarketing officer

98. Non-financial benefits of strategic management includes all of the followingEXCEPT:Select correct option:

Better awareness of external threatsEnhanced awareness of threatsReduced resistance to changeIncrease in sales

Mgt 603 lec 1 to 18 quiz file99. Question # 2 of 15 ( Start time: 12:05:05 PM ) Total Marks: 1Which of the following is an example of a narrow mission?Select correct option:

We sell packaged pineapplesThe firm deals in beverages



Stationery is our productCompany manufactures food items

100. Question # 3 of 15 ( Start time: 12:05:47 PM ) Total Marks: 1Which of the following marketing entity is NOT an intermediary?Select correct option:

BrokersAgentsProducerVendors

101. Question # 4 of 15 ( Start time: 12:06:25 PM ) Total Marks: 1“A Good mission statement identifies the utility of a firm's products to itscustomers”; which of the following represents this statement?Select correct option:


102. Question # 5 of 15 ( Start time: 12:07:31 PM ) Total Marks: 1Where an organization takes into account the effect of its strategic decisions on thesociety, the firm is taking care of which of these?Select correct option:


103. Question # 6 of 15 ( Start time: 12:08:22 PM ) Total Marks: 1All of the following are the key opportunities or threats in external environmentbecause of Political, Govt. & lLegal force EXCEPT:Select correct option:

Tax ratesTrust in governmentPak-India relationshipsPatent laws



104. Question # 7 of 15 ( Start time: 12:09:50 PM ) Total Marks: 1Which of the following is the decision support role of management informationsystem?Select correct option:

Processing marketing records into marketing plansAllowing users to ask "What if” questionsRecording and storing such human resource recordsProcessing operations records into production schedules

105. Question # 8 of 15 ( Start time: 12:10:48 PM ) Total Marks: 1All of the following would represent possible threats to the ABC Company EXCEPTwhich one of the following?Select correct option:

Entrance of new competitorsImproved buyer or supplier relationshipsNew or revised regulationsSlow industry/market growth

106. Question # 9 of 15 ( Start time: 12:12:00 PM ) Total Marks: 1Strategy formulation stage includes all of the following EXCEPT:Select correct option:

Vision and missionStrength and weaknessOpportunities and threatsAnnual objectives

107. Question # 10 of 15 ( Start time: 12:12:17 PM ) Total Marks: 1The mission statement answers which of the following question?Select correct option:


108. Question # 11 of 15 ( Start time: 12:13:09 PM ) Total Marks: 1Ethnic balance is affected due to which of the following?Select correct option:

Change in ethnic values



Awareness of ethnic normsMigration of the people towards different areasIntroduction of new laws relating to ethnicity

109. Question # 12 of 15 ( Start time: 12:14:23 PM ) Total Marks: 1What refers to a strategy of seeking ownership of or increased control over a firm’scompetitors?Select correct option:

Conglomerate diversificationBackward integrationHorizontal integrationConcentric diversification

110. Question # 13 of 15 ( Start time: 12:15:19 PM ) Total Marks: 1Which of the following directs at developing new products before competitors doat improving product quality or at improving manufacturing processes to reducecosts?


MarketingOpportunity analysisResearch and developmentManagement

111. Question # 14 of 15 ( Start time: 12:16:23 PM ) Total Marks: 1Which of the following describes a differentiation strategy?Select correct option:

Higher quality products or services than competitorsInnovation of products or services greater than competitionProviding different products with competencesOffering unique products that are widely valued by customers

112. Question # 15 of 15 ( Start time: 12:16:52 PM ) Total Marks: 1Reasons due to which some firms do “No Strategic Planning” incorporate all of thefollowing EXCEPT:Select correct option:

Wastage of timeFire-fightingContent with successPrivileged reward structures



113. managers move up the organization, they perform which of the managementfunction more?

Select correct option:LeadingControllingOrganizingPlanning

114. Developing a vision and a mission statement is important because of thefollowing reasons EXCEPT:

Select correct option:They are useful for large firms onlyThey establish organizational cultureThey are the basis for allocating resourcesThey translate objectives into work structure

Armaan: c

115. Corporate social policy should be designed and articulated during whichphase of strategic management?

Select correct option:ImplementationFormulationEvaluationManagement

116. Selling includes all of the following marketing activities EXCEPT:

Select correct option:AdvertisingPricingSales promotionCustomer relations

Armaan: b

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




External assessmentIndustry analysisCompetitive intelligence programBusiness ethics

Armaan: c?

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

119. Select correct option:Backward integrationProduct developmentForward integrationHorizontal integration

120. The general conditions for competition that influence business firms, whichprovide similar products and services is known:

Select correct option:Remote environmentInternational environmentExternal environmentIndustry environmentArmaan: c

121. Which marketing function includes test marketing?122. Select correct option:Selling products/servicesCustomer analysisProduct/service planningDistributing123. Which of the following describes a differentiation strategy?124. Select correct option:125. Higher quality products or services than competitorsInnovation of products or services greater than competitionProviding different products with competencesOffering unique products that are widely valued by customers

126. A planned activity aimed at discovery of new knowledge with the hope ofdeveloping new or improved products and services and translation of its findingsinto a plan or design of new or improved products and services is known as:

127. Select correct option:MarketingResearch and developmentProductionManagement information system



128. Which of the followings best describes the Horizontal integration?129. Select correct option:A firm takes over a supplierA firm takes over a distributorA firm takes over a competitorA firm takes over a manufacturer

130. To whom a planning horizon of two to five years applies?131. Select correct option:Top managementMiddle managementLower managementAll levels

132. 9:51 PM Which type of trend can be exemplified by the increase in averagelevel of education in a society?Select correct option:

SocialEconomicCulturalTechnologica

133. Which one of the following is NOT a basic mission of a competitiveintelligence program?Select correct option:

To provide a general understanding of an industryTo provide a general understanding of a company’s competitorsTo identify industry executives who could be hired by the firmTo identify potential moves a competitor might make that would endanger a firm

134. Which of the following step in the strategic development process involvesmobilizing employees and managers to put strategies into action?Select correct option:


135. All of the following fall under Pricing decisions EXCEPT:Select correct option:



DiscountsCredit termsMarkupsDealer relations

136. Rehman industries is analyzing the technological forces for the firm whichmay provide it opportunities and threats for which of the following stage/s ofstrategic management process?Select correct option:

Strategy formulationStrategy implementationStrategy evaluationAll of the given options

137. Identify the stages of strategic management process in a precise sequence.Select correct option:

Strategy evaluation, strategy formulation & strategy implementationStrategy evaluation, strategy implementation & strategy formulationStrategy formulation, strategy implementation & strategy evaluationStrategy implementation, strategy evaluation & strategy formulation

138. Which one of the following area can be the weakness of a firm?Select correct option:

Changing lifestyleHigh oil pricesIneffective MarketingIncreasing pollution

139. The benefits of horizontal integration include all of the following EXCEPT:Select correct option:

Cost reductionDiseconomies of scaleReduction in competitionSynergy

140. Which of these strategies is effective when the number of suppliers is smalland the number of competitors is large?Select correct option:

Conglomerate diversification



Forward integrationBackward integrationHorizontal diversification

141. Lack of access to key distribution channel indicates which of the following?Select correct option:


142. Assigning a rate=2 in IFE matrix indicates what?Select correct option:

A major weaknessA minor weaknessA minor strengthA major strength

143. Assigning rating 3 to an internal factor in IFE matrix indicates what?Select correct option:

Major weaknessMinor weaknessMinor strengthMajor strength

144. Which group would be classified as a stakeholder?Select correct option:

CommunitiesBanksSuppliersAll of the given options

145. To whom a planning horizon of two to five years applies?Select correct option:Top managementMiddle managementLower managementAll levels

146. According to Porter, which strategy offers products or services to a smallrange of customers at the lowest price available on the market?Select correct option:Low cost



Best valueCost focusDifferentiation

147. All of the following are the key questions that can reveal internal strengthsand weaknesses in the management department EXCEPT:Select correct option:

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

148.Which of the following can reveal the demographic characteristics of anorganization’s customers?Select correct option:

Customer profilingTest marketingMarket developmentThe vision statement

149. A system of several rites connected with a single occasion or event is knownas:Select correct option:

MythCeremonialSagaLegend

150. In Competitive Profile Matrix, the rating 4 indicates what?Select correct option:

Major weaknessMajor strengthMinor strengthMinor weakness

151. Integration strategies allow a firm to gain control over all of the followingEXCEPT:Select correct option:

DistributorsInvestorsSuppliersCompetitors



152. As managers move up the organization, they perform which of themanagement function more?Select correct option:

LeadingControllingOrganizingPlanning

153. A planned activity aimed at discovery of new knowledge with the hope ofdeveloping new or improved products and services and translation of its findingsinto a plan or design of new or improved products and services is known as:Select correct option:

MarketingResearch and developmentProductionManagement information system

154. Which of the following refers to determining the best capital structure for thecompany?Select correct option:

Restructuring decisionsFinancing decisionsStrategic decisionInvestment decision

155. Internal analysis involves gathering and analyzing the information about allareas of a firm EXPECT:Select correct option:

Research nad developmentManagement information systemMarketingCompetitors

156. Which of the following arise when a company can take advantage ofconditions in its environment to formulate and implement strategies that enableit to become more profitable?Select correct option:

StrengthsOpportunitiesWeaknessesThreats

157. Which of the following can be considered one of the factors of externalopportunities and threats of an organization?Select correct option:

Production/ operations



Research & developmentCompetitive trendsManagement information system

158. Identify the term that is known as a “mean of providing guidance to actionsand procedures, including how resources are to be allocated and how tasksassigned to the organization might be accomplished”.Select correct option:

AspirationsObjectivesPoliciesGoals

159. Of the following, which one would NOT be considered one of thecomponents of a mission statement?Select correct option:

The target market for XYZ is oil and gas producers as well as producers of chemicalsXYZ shall hire only those individuals who have with sufficient educational levels so as

to be of benefit to our customersThe customers of XYZ shall include global and local consumers of gas and oil

products and domestic users of nontoxic chemicalsThe technologies utilized by XYZ shall focus upon development of alternative sources

of gas and oil so as to remain competitive within the industry

160. Which of the following refers to a functional support role of an informationsystem?Select correct option:

What if…?" questionsWhat is the capacity of plant?What do we do?What if tax rate increases by 10%?

161. Which of the following categories of ratios includes return on total assets andreturn on stockholders’ equity as its types?

ProfitabilityLeverageGrowthLiquidity

162. Buyers can exercise high bargaining power over their suppliers under whichone of the following conditions?




When there are many good substitutes of raw materialThere are few buyers in the marketThey have few suppliers to choose fromThere is a high concentration of suppliers

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


Key threats for the firmKey opportunities for the firmBoth opportunities and strengths for the firmNone of the given options



mgt603 latest solved mcqs so formal in planning that flexibility and creativity are stifled ......

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