Q1. Various job titles of a strategist may include all of the following EXCEPT:
- A.Owner
- B.Foreman✓ Correct
- C.Chancellor
- D.Chief executive officer
Q2. According to ‘Peter Drucker’, what is the prime task of strategic management?
- A.To develop the vision of the business
- B.Effectively evaluate the strategies
- C.To think through the overall mission of a business✓ Correct
- D.Develop alternative set of strategies
Q3. Strategist is an individual who is involved in the strategic management process, thus may be known as:
- A.Member board of director
- B.President
- C.Division manager
- D.All of the given options✓ Correct
Q4. External opportunities and threats that can significantly benefit or harm an organization may include all of the following EXCEPT:
- A.Demographics
- B.Competitive trends
- C.Technological changes
- D.Research and development✓ Correct
Q5. The S & T Organization has an established 'game plan' for its business operations. This game plan reflects the company's awareness of how and where it should compete and against whom the competition should take place. It can be stated that this organization has an established
- A.Goal
- B.Formality
- C.Policy
- D.Strategy✓ Correct
Q6. 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'.
- A.Policies✓ Correct
- B.Objectives
- C.Aspirations
- D.Goals
Q7. All of the following statements are true about a firm’s mission statement EXCEPT:
- A.A mission statement directly contributes positively to financial performance✓ Correct
- B.A mission statement does not directly contribute positively to financial performance
- C.A mission statement should not provide useful criteria for selecting among alternative strategies
- D.Primary reason to develop a mission statement is not to attract the customers
Q8. All of the following external forces directly affect an organization EXCEPT:
- A.Market segmentation strategies
- B.Types of products/services offered
- C.Management structure of an organization✓ Correct
- D.Choice of businesses to acquire or sell
Q9. '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 he is exploring?
- A.Social forces
- B.Competitive forces✓ Correct
- C.Political forces
- D.Economic forces
Q10. Suppose, the value of the currency of a certain country falls, what can be the affection companies in Different Industries and in Different Locations in that country respectively?
- A.Significant and equal
- B.Marginal and equal
- C.Significant and unequal✓ Correct
- D.Insignificant and unequal
Q11. Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
- A.Propensity of people to spend
- B.Buying habits✓ Correct
- C.Level of disposable income
- D.Income differences by region
Q12. 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?
- A.Economic forces
- B.Political, governmental, and legal forces✓ Correct
- C.Social, cultural and, demographic forces
- D.Competitive forces
Q13. 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'?
- A.External assessment
- B.Industry analysis
- C.Competitive intelligence program✓ Correct
- D.Business ethics
Q14. Which of the following can be considered as barriers to entering a market or industry?
- A.The lack of economies of scale and experience and low levels of brand loyalty
- B.The presence of large number of rivals already in the industry
- C.Relatively large capital requirements and industry have economies of scale✓ Correct
- D.The absence of tariffs, trade restrictions, and/or government-mandated regulations
Q15. Supplier bargaining power is not likely to pose strong competitive pressure when which of the following situation is prevailing?
- A.Buying firms are looking for suppliers with superior just-in-time supply capabilities and low prices
- B.The suppliers furnish a critical part or component that is in relatively short supply
- C.Buying firms collaborate closely with their key suppliers to achieve mutual benefits✓ Correct
- D.The products of alternative suppliers are highly differentiated, making the cost of switching relatively high
Q16. Which of the following is a collection of firms that offers similar products or services? such as IBM, Apple, and Dell?
- A.Concentration
- B.Industry✓ Correct
- C.Corporation
- D.Alliances
Q17. While preparing an External Factor Evaluation Matrix, a total score of 0.8 indicates that:
- A.Firm is taking advantages of strengths and avoiding threats
- B.Firm is taking no advantage of opportunities and is avoiding threats
- C.Firm is not taking advantages of opportunities and is not avoiding threats✓ Correct
- D.Firm is taking advantage of opportunities and is avoiding the threats
Q18. Assigning rating '2' to an internal factor in IFE matrix indicates what?
- A.Major weakness
- B.Minor weakness✓ Correct
- C.Minor strength
- D.Major strength
Q19. Which of the following are signs of weakness in a company's competitive position?
- A.A return-on-equity is below 25% and earnings per share is less than Rs. 2.00
- B.A price set by the firm higher than the market leader
- C.A declining market share, poor product quality and few sales in market✓ Correct
- D.Lower revenues and profit margin and narrow product line than the market leader
Q20. What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?
- A.Motivating
- B.Planning✓ Correct
- C.Controlling
- D.Organizing
Q21. Sana has spent a day in a session where the future of her company was discussed. The people involved were trying to determine what the role of their company was as the 21st century approaches. Goals were then developed based upon their vision of the company's mission. Sana spent her day on which of the following process?
- A.Planning✓ Correct
- B.Organizing
- C.Leading
- D.Controlling
Q22. How Synergy can numerically be expressed?
- A.2+2=3 (NAGATIVE)
- B.2+2=0
- C.2+2=4
- D.2+2=5 POSITIVE SYNERGY✓ Correct
Q23. Which of the following can reveal the demographic characteristics of an organization’s Customers?
- A.Test marketing
- B.Customer profiling✓ Correct
- C.Market development
- D.Vision statement
Q24. Test marketing is commonly applied by which of the following companies?
- A.Industrial goods companies
- B.Consumer goods companies✓ Correct
- C.Public sector companies
- D.Private sector companies
Q25. All of the following are the consideration for a company when conducting test marketing EXCEPT:
- A.What advertising channel should be used for test?✓ Correct
- B.How many cities to include for test?
- C.What information to collect during the test?
- D.What action to take after the test has been completed?
Q26. Which of the following ratios is least likely to be helpful in evaluating a firm’s decision regarding dividend?
- A.Earnings-per-share ratio
- B.Long-Term Debt-to-Equity Ratio✓ Correct
- C.Dividends-per-share ratio
- D.Price-earnings ratio
Q27. Debt-to-equity ratio is one of the types of which ratios?
- A.Profitability
- B.Leverage✓ Correct
- C.Liquidity
- D.Activity
Q28. In strategy formulation phase, what can be the problem when only financial ratios are used to measure organizational performance?
- A.They need to be compared with competitors’✓ Correct
- B.They are only understandable by accountants
- C.There are many different measures available
- D.The measures are usually inconsistent
Q29. All of the following are functional support roles of Management Information System EXCEPT:
- A.Recording and storing accounting records
- B.Recording and storing inventory data
- C.Recording and storing business intelligence data
- D.The enhanced ability to explore 'what if'✓ Correct
Q30. ------------------ become/s information only when it/they is/are evaluated, filtered, condensed, analyzed and organized for a specific purpose, problem, individual, or time.
- A.Material
- B.Data✓ Correct
- C.Competitive advantages
- D.Competitor analysis
Q31. Which of the following is a drawback or limitation of Horizontal Integration?
- A.Synergies may be more imaginary than real✓ Correct
- B.It can increase suppliers' and buyers' bargaining power
- C.Economies of scale are likely to be decreased
- D.Both the first & third options are correct
Q32. 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?
- A.Differentiation strategy
- B.Focus strategy
- C.Niche strategy
- D.Cost leadership strategy✓ Correct
Q33. 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?
- A.Market Penetration✓ Correct
- B.Product Development
- C.Market Development
- D.Retrenchment
Q34. Which of the followings involves the substantial modification of existing products or the creation of new but related products that can be marketed to current customers through established channels?
- A.Innovation
- B.Differentiation
- C.Product development✓ Correct
- D.Market development
Q35. Rose Company markets new products or services that have no technological or commercial synergies with current products, but which may appeal to new groups of customers. Which strategy is being adopted by Rose Company?
- A.Horizontal diversification
- B.Horizontal integration
- C.Conglomerate diversification✓ Correct
- D.Backward integration
Q36. XYZ Corporation has decided to cut back on its product lines and to reduce the size of its operations because it can support no longer commitments needed to sustain it. XYZ is going to pursue which of the following strategy?
- A.Divestiture
- B.Conglomerate diversification
- C.Retrenchment✓ Correct
- D.Liquidation
Q37. Ahmad Textiles and Superior Textiles have come with each other in cross-manufacturing agreement, the firms are going for which of the following?
- A.Liquidation
- B.Acquisition
- C.Joint venture✓ Correct
- D.Takeover
Q38. Mergers and acquisitions are created for all of the following reasons EXCEPT:
- A.For gaining new technology
- B.For reduction of tax obligations
- C.For gaining economies of scale
- D.For increase in number of employees✓ Correct
Q39. 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?
- A.Competitive advantage✓ Correct
- B.Comparative advantage
- C.Differential advantage
- D.Suitable advantage
Q40. Non-financial benefits of strategic management include all of the following EXCEPT:
- A.Enhanced awareness of threats
- B.Reduced resistance to change
- C.Increase in sales✓ Correct
- D.Enhanced understanding of strategies
Q41. Long-term objectives includes all of the following EXCEPT:
- A.Measurable
- B.Reasonable
- C.Varying✓ Correct
- D.Consistent
Q42. Which of the following is NOT included in the strategic management model?
- A.Measure and evaluate performance
- B.Establish long-term objectives
- C.Develop mission and vision statements
- D.Perform internal research to identify customers✓ Correct
Q43. Which component of a mission statement addresses the basic beliefs, values, aspirations, and ethical priorities of the firm?
- A.Technology
- B.Philosophy✓ Correct
- C.Customers
- D.Self-concept
Q44. “Identifying and evaluating social, political, economic, technological and competitive trends and events”; which of the followings best describes this statement?
- A.Developing an effective mission statement
- B.Conducting an internal audit
- C.Performing an external audit✓ Correct
- D.Formulating strategy
Q45. The purpose of an external audit is to prepare a list of which of the following?
- A.Opportunities and weaknesses
- B.Threats and strengths
- C.Opportunities and threats✓ Correct
- D.Strengths and weaknesses
Q46. Rehman industries, a leading firm of the industry is analyzing the technological forces for the firm which may provide it opportunities and threats for which stage/s of strategic management process?
- A.Strategy formulation✓ Correct
- B.Strategy implementation
- C.Strategy evaluation
- D.All of the given options
Q47. Use of the Internet and Internet technologies can be integrated into the sales of on-line as well as off-line business and marketing portion of the value chain through which of the following?
- A.Through software that permits customers to specify build-to-order options
- B.Through online product catalogs containing rich product information and specifications
- C.Via online price quotes and online announcements of special sales and promotions
- D.All of the given options✓ Correct
Q48. Which one of the following is NOT is a basic mission of a competitive intelligence program?
- A.To provide a general understanding of an industry
- B.To provide a general understanding of a company’s competitors
- C.To identify industry executives who could be hired by the firm✓ Correct
- D.To identify potential moves a competitor might make that would endanger a firm
Q49. Which of the following statements is correct in relation to the Five Forces framework?
- A.The framework is a means of identifying the forces which affect the level of competition in an industry✓ Correct
- B.The framework identifies the major stakeholders of an organization
- C.The framework assists in developing a broad perspective on the environment within which an organization operates
- D.It is not appropriate in public sector management and for small organizations
Q50. Internal analysis involves gathering and analyzing information about all areas of a firm EXPECT:
- A.Research and development
- B.Management information system
- C.Marketing
- D.Competitors✓ Correct
Q51. All of the following are included in the five functions of the management process EXCEPT:
- A.Planning
- B.Organizing
- C.Leading
- D.Delegating✓ Correct
Q52. 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?
- A.Planning
- B.Organizing
- C.Leading
- D.Controlling✓ Correct
Q53. Waseem & Sons primarily want to gain control over the prices charged to consumers. What strategy will most likely be followed by Waseem & Sons?
- A.Market penetration
- B.Product development
- C.Forward integration✓ Correct
- D.Concentric Diversification
Q54. The IFE matrix summarizes and evaluates which factors in the functional areas of a business?
- A.Opportunities and threats
- B.Strengths and weaknesses✓ Correct
- C.Strengths and threats
- D.Opportunities and weaknesses
Q55. What is meant by Focused Differentiation?
- A.Concentrating on a particular feature of a product or service to achieve differentiation
- B.concentrating on differentiation as the primary means of achieving competitive advantage
- C.Providing a high perceived value product to a selected market segment which justifies a substantial price premium✓ Correct
- D.Simultaneously seeking to achieve differentiation and a price lower than that of competitors
Q56. Khawar Garments, a domestic firm begins to export to India, it is an example of which of the following?
- A.Horizontal integration
- B.Market development✓ Correct
- C.Forward integration
- D.Concentric diversification
Q57. Under which of the following conditions, Concentric Diversification would be particularly an effective strategy to pursue?
- A.When an organization has grown so large so quickly that major internal reorganization is needed
- B.When sales of current products would increase intensively by adding the new related products
- C.When revenues from current products/services would increase significantly by adding the new unrelated products
- D.When current products are in maturity stage of the product life cycle✓ Correct
Q58. 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?
- A.Retrenchment
- B.Horizontal diversification✓ Correct
- C.Market development
- D.Horizontal integration
Q59. 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.
- A.Join venture
- B.Acquisition
- C.Liquidation
- D.Retrenchment✓ Correct
Q60. In which of the given phases of strategic management, strategies are put into action?
- A.Strategy formulation
- B.Strategy implementation✓ Correct
- C.Strategy evaluation
- D.All of the given options
Q61. ______________ is the principle of conduct that guides decision-making.
- A.Human rights
- B.Business ethics✓ Correct
- C.The constitution
- D.Social responsibility
Q62. Which of the following should be created first and foremost by a strategist?
- A.Strategy
- B.Objectives
- C.Vision✓ Correct
- D.Mission
Q63. Which of the following is FALSE about vision and mission statements?
- A.Vision statement gives the overall purpose of an organization while a mission statement describes a picture of the preferred future✓ Correct
- B.A vision statement describes how the future will look if the organization achieves its mission and a mission statement explains what the organization does
- C.Mission statement answers the questions what is our business and the vision statement answers the question what do we want to become
- D.Mission statement explains the current position and activities of a firm whereas vision statement explains the future objective
Q64. Which of the following is NOT a key question that can reveal internal strengths and weaknesses of the marketing department?
- A.Does the firm have effective sales?
- B.Are markets segmented effectively?
- C.Are the firm’s products and services priced appropriately?
- D.Does the firm have good liquidity?✓ Correct
Q65. “A desired future state that the organization attempts to realize”. Identify the term relevant to the given statement.
- A.Goal✓ Correct
- B.Strategy
- C.Policy
- D.Procedure
Q66. Which of the following is the greatest advantage of international operations?
- A.Reduced tariffs and taxes
- B.Access to global business practices
- C.Gaining new customers✓ Correct
- D.Less-intense competition
Q67. One of the important components of a mission statement is Technology, which of the following question is correct about technology as a mission component?
- A.Is the firm using technology for the manufacturing its products?
- B.Is the firm technologically current?✓ Correct
- C.Is the firm producing technology oriented products (like electronics)?
- D.Is the firm using technology to deal with customer complaints?
Q68. What will happen to the Pakistani exports in overseas markets when there is a strong value of rupee?
- A.Pakistani exports will be less expensive
- B.Pakistani exports will be more expensive✓ Correct
- C.Pakistani exports will be more attractive
- D.Pakistani exports will be desirable
Q69. Which of the following is TRUE about anti-trust legislation?
- A.The is the law intended to protect the ozone layer in the environment
- B.This is the law intended to regulate the tax rates in the economy
- C.This is the law intended to promote free competition in the market✓ Correct
- D.This is the law intended to regulate and register the patents
Q70. Which of the following is one of the Political, Governmental & Legal factors?
- A.Ethical concerns
- B.Traffic congestion
- C.Lobbying activities✓ Correct
- D.Average level of education
Q71. Which one of the statements is a good example of the competitive power of substitute products?
- A.The competition between cellular phones and computers
- B.The competition between Aspirin and joshanda
- C.The competition between contact lens and eyeglasses✓ Correct
- D.The competition between Amazon.com and traditional off-line bookstores
Q72. In Porter's Five Forces, the 'threat of new entrants' relates to which factor?
- A.Barriers to entry✓ Correct
- B.Substitutes
- C.Switching cost
- D.Buyer power
Q73. Which one of the following best describes “a substitute product or service”?
- A.A competitor's product or service
- B.An alternative way of meeting the same need✓ Correct
- C.A new entrant into the industry
- D.A less attractive way of meeting the same need
Q74. Which of the following can be the strength of an organization?
- A.A developing market
- B.A new international market
- C.Loosening of regulation
- D.Strong management team✓ Correct
Q75. What is Synergy?
- A.An act of formulating a program for a definite course of action
- B.When a team effort is used to achieve desired results✓ Correct
- C.When individuals work separately to achieve desired results
- D.When financial expectations of the firm are decided upon
Q76. Which of the following function of management is concerned with span of control and chain of command?
- A.Planning
- B.Organizing✓ Correct
- C.Controlling
- D.Evaluating
Q77. Which of the following is the first step in developing an IFE Matrix?
- A.Summing the weighted scores for each variable
- B.Identifying the organization’s strengths and weaknesses✓ Correct
- C.Identifying the organization’s functions of business
- D.Determining the lead strategist
Q78. Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?
- A.Conglomerate diversification
- B.Forward integration
- C.Backward integration✓ Correct
- D.Horizontal diversification
Q79. The strategy embraced by Ahmad Bros. is to address the needs of a very selected and specialized market segment. Ahmad Bros. is most likely to engage in which one of the following types of strategy?
- A.Differentiation strategy
- B.Best value strategy
- C.Focus strategy✓ Correct
- D.Low cost strategy
Q80. Market penetration is one of the intensive strategies. Which one of the following best describes market penetration?
- A.Protecting and strengthening the organization’s sales by improving present products or services or developing new products
- B.Protecting and strengthening the organization’s position in new markets through its current products
- C.Protecting and strengthening the organization’s position in its current markets through its current products (review again)✓ Correct
- D.Protecting and strengthening the organization’s position by adding new, unrelated products for present customers
Q81. 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:
- A.Conglomerate diversification✓ Correct
- B.Backward integration
- C.Concentric diversification
- D.Divestiture
Q82. When ABC Corporation makes decisions that assist it in formulating and implementing plans designed to achieve its objectives, it is most likely to engage in which one of the following?
- A.Strategic Management✓ Correct
- B.Strategy Utilization
- C.Strategic Processing
- D.Strategic Formality
Q83. Adapting to change confronts an organization’s strategic management to which of the following issue(s):
- A.What kind of business we should be in?
- B.Are we in the right field?
- C.Should we reshape our business?
- D.All of the given options✓ Correct
Q84. Which of the following statements describes a company's strategic vision?
- A.Gives a broad, aspiration image of the future that an organization is aiming to achieve✓ Correct
- B.Sets forth the long-range financial and strategic performance targets that organization seeks to achieve
- C.Indicates the boundaries of the company's present business
- D.Reflects how strategic objectives are to be achieved
Q85. Which of the following can be considered as a factor of internal strengths and weaknesses of an organization?
- A.Technological changes
- B.Production/operations✓ Correct
- C.Demographics
- D.Competitive trends
Q86. The objectives set by a manager should have which of the following characteristics?
- A.Should spell out how fast the company's strategy is to be implemented
- B.Should be challenging and congruent among organizational units✓ Correct
- C.Should include long-range performance targets but not short-range targets
- D.Should include financial performance targets but not strategic performance targets
Q87. All of the following are the examples of a broad mission EXCEPT:
- A.The firm deals in beverages
- B.We sell quality skimmed milk✓ Correct
- C.Stationery is our product
- D.Company manufactures food items
Q88. Which of the following business actions is NOT considered to be unethical?
- A.Poor product or service safety
- B.Using non-union labor in a union shop
- C.Misleading advertising
- D.Too expensive products✓ Correct
Q89. “A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?
- A.Organization’s philosophy
- B.Customer orientation✓ Correct
- C.Social policy
- D.Declaration of attitude
Q90. Where an organization takes into account the effect of its strategic decisions on the society, the firm is taking care of:
- A.Corporate governance
- B.Business policy
- C.Business ethics
- D.Social policy✓ Correct
Q91. External assessment is performed in which of the following strategic-management phase?
- A.Strategy formulation stage✓ Correct
- B.Strategy implementation stage
- C.Strategy evaluation stage
- D.All of the given options
Q92. Suppose, the value of the currency of a certain country falls, what can be the effect on companies in Different Industries and in Different Locations in that country respectively?
- A.Significant and equal
- B.Marginal and equal
- C.Significant and unequal✓ Correct
- D.Insignificant and unequal
Q93. 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?
- A.Strengths
- B.Opportunities✓ Correct
- C.Weaknesses
- D.Threats
Q94. Assigning 1 rating to a key external factor indicates that:
- A.Response is superior
- B.Response is above average
- C.Response is average
- D.Response is poor✓ Correct
Q95. Life-directing attitudes that serve as behavioral guidelines are known as:
- A.Values✓ Correct
- B.Rites
- C.Beliefs
- D.Sagas
Q96. Which of the following is the first step in the controlling function of management?
- A.Take corrective actions
- B.Restrict breaks employees take
- C.Evaluate expense reports
- D.Establish performance standards✓ Correct
Q97. The steps required to perform cost/benefit analysis include all BUT:
- A.Comparing the total costs with the total benefits
- B.Figure out the total costs associated with a decision
- C.Approximation of the total benefits from the decision
- D.Adding the total cost and total benefit✓ Correct
Q98. Which of the following is NOT a situation when an organization should use an unrelated diversification strategy?
- A.When an organization’s present channels of distribution can be used to market the new products to current customers
- B.Revenues from current products/services would increase significantly by adding the new related products✓ Correct
- C.When an organization competes in a highly competitive and/or a no-growth industry
- D.When the new products have counter-cyclical sales patterns compared to an organization’s present products
Q99. Smoothies Tire & Rubber Co. is selling its North American tire business to Avinza International, is an example of which type of strategy?
- A.Related diversification
- B.Retrenchment
- C.Divestiture✓ Correct
- D.Liquidation
Q100. A joining of two companies through one company buying more than one half of the other company's stocks is known as:
- A.Monopolization
- B.A spin-off
- C.An acquisition✓ Correct
- D.A merger
Q101. Which of the following environment includes all those factors which affect the organization and is itself affected by the organization?
- A.Task environment✓ Correct
- B.Social environment
- C.External environment
- D.Internal environment
Q102. Which of the following is a key merit of strategic management?
- A.Strategic management enables an organization to be proactive✓ Correct
- B.Strategic management enables an organization to avoid the threats
- C.Strategic management enables an organization to defeat their competitors
- D.Strategic management enables an organization to foresee into the future
Q103. Developing vision and mission statements is important because of the following reasons EXCEPT:
- A.They are the basis for allocating resources
- B.They are useful for large firms only✓ Correct
- C.They establish organizational culture
- D.They translate objectives into work structure
Q104. All of the following are the circumstances when forward integration strategies are beneficial to be practiced EXCEPT:
- A.Availability of quality distributors is limited
- B.Existing markets for present products are saturated✓ Correct
- C.Advantages of stable production are high
- D.Present distributors have high profit margins
Q105. Which of the following is an example of a narrow mission?
- A.We sell packaged pineapples✓ Correct
- B.The firm deals in beverages
- C.Stationery is our product
- D.Company manufactures food items
Q106. The organizations that conduct business operations across national borders are known as:
- A.Multinational corporations✓ Correct
- B.Domestic firms
- C.Strategic alliances
- D.Franchises
Q107. A mission statement should “reconcile interests among diverse stakeholders”. What does it mean?
- A.All shareholders must be satisfied
- B.Shareholders should be given preference over customers
- C.Firm will devote attention to meeting claims of various stakeholders✓ Correct
- D.Firm will devote its attention towards the maximization of shareholders value
Q108. Which of the following statement is TRUE about Internal audit?
- A.It is done parallel to external audit✓ Correct
- B.It is done before external audit
- C.It is done after external audit
- D.It replaces external audit
Q109. Which of the following statement is correct about distinctive competence?
- A.Is usually tied closely to the ability of a company's manufacturing capability and/or its proprietary technology and know-how
- B.Nearly always resides in the ability of the company's assets on its balance sheet rather than in its people
- C.Is better suited in helping companies defend against external threats than in pursuing external market opportunities
- D.Is a unique thing that a firm does really well and that quality or attribute sets it aside from its competitors✓ Correct
Q110. 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?
- A.Functional support role
- B.Decisional support role✓ Correct
- C.Managerial support role
- D.Analytical supporting role
Q111. Assigning a rate=2 in IFE matrix indicates what?
- A.A major weakness
- B.A minor weakness✓ Correct
- C.A minor strength
- D.A major strength
Q112. Which of the following is sometimes referred as “the mystery approach to decision making, when subordinates are left to figure out what is happening and why”?
- A.Managing by hope
- B.Managing by extrapolation
- C.Managing by crisis
- D.Managing by subjectives✓ Correct
Q113. The Web sites that sell products directly to the consumers are the examples of which type of strategy?
- A.Backward integration
- B.Product development
- C.Forward integration✓ Correct
- D.Horizontal integration
Q114. Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization’s assets?
- A.Liquidation✓ Correct
- B.Integration
- C.Differentiation
- D.Diversification
Q115. When both divestiture and retrenchment have been pursued unsuccessfully, which of the following strategies is effective to pursue?
- A.Forward integration
- B.Liquidation✓ Correct
- C.Merger
- D.Takeover
Q116. During which of the following periods, Strategic Management was considered to be cure for all problems?
- A.Mid 1960s to mid 1970s✓ Correct
- B.Mid 1970s to mid 1980s
- C.Mid 1980s to mid 1990s
- D.Mid 1950s to mid 1960s
Q117. Which of the following is the decision support role of Management Information System?
- A.Processing marketing records into marketing plans
- B.Allowing users to ask "What if" questions✓ Correct
- C.Recording and storing such as human resource records
- D.Processing operations records into production schedules
Q118. A series of ratios that measure the extent to which a firm has been financed by debt is known as:
- A.Activity ratios
- B.Leverage ratios✓ Correct
- C.Profitability ratios
- D.Liquidity ratios
Q119. According to Freund, Which one of the following should NOT be the characteristic of key external factors?
- A.Measurable
- B.few in Relatively number✓ Correct
- C.Applicable to all competing firms
- D.Important to achieving long-term objectives
Q120. “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?
- A.Economic forces
- B.Social, cultural, and demographic forces✓ Correct
- C.Technological forces
- D.Competitive forces
Showing the first 120 of 197 MCQs.