Strategic Management MCQ: Multiple Choice Questions and Answers On Strategic Management
Strategic Management MCQ: Multiple Choice Questions and Answers On Strategic Management
Strategic Management MCQ: Multiple Choice Questions and Answers On Strategic Management
Strategic Management
MCQ: Multiple Choice
Questions and Answers
on Strategic
Management
a. policies
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b. mission
Classification of Plans in An Organisation : 4 Classes
Ans. b
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Ans. b
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d. Strengths, Weaknesses,
Opportunities, and Threats
Ans. d
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a. It is interdisciplinary.
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Ans. d
Ans. c
a. Formulating strategy
b. Implementing strategy
c. Evaluating strategy
Ans. d
a. increased efficiency.
d. intangible
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Ans. a
a. Innovation
b. Value creation
c. Value innovation
Ans. c
a. strengths.
b. core competencies.
c. capabilities.
d. customer value.
Ans. b
e. A way of determining
responsibilities
Ans. c
Ans. b
Classification of Plans in An Organisation : 4 Classes
12. The primary focus of strategic
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management is:
a. strategic analysis
c. strategy formulation
d. strategy implementation.
Ans. b
Ans. b
b. Corporate strategy
c. Functional strategy
d. National strategy
Ans. b
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy
Ans. a
a. Competitive strategy
b. Corporate strategy
c. Operational strategy
Classification of Plans in An Organisation : 4 Classes
d. National strategy Read Next Story
e. Mission strategy
Ans. c
d. Developing a strategy
Ans. b
Ans. a
Ans. c
Ans. c
Ans. a
Ans. c
a. Potential development of
substitute products
Ans. c
Ans. b
Ans. b
b. a decision-making activity
concerned with a firm’s internal
resources, capabilities, and
competencies, independent of the
conditions in its external
environment.
Ans. d
c. culture
d. strategy
Ans. a
b. is an internally-focused
affirmation of the organization’s
financial, social, and ethical goals.
Ans. a
d. technological factors.
Ans. c
a. interest rates.
b. international trade.
Ans. d
Ans. c
b. economies of scale
Ans. d
Ans. c
Ans. b
Ans. c
Ans. a
a. can do.
b. should do.
c. will do.
d. might do.
Ans. a
a. can do.
b. should do.
c. will do.
Classification of Plans in An Organisation : 4 Classes
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Ans. d
Ans. a
a. rare.
b. causally ambiguous.
c. socially complex.
d. valuable.
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43. Firms with few competitive
resources are more likely
Ans. c
a. differentiators.
b. larger companies.
c. first movers.
d. market leaders.
Ans. d
a. Strategy formulation
b. Strategy evaluation
c. Strategy implementation
d. Strategic management
e. Strategic leading
Ans. d
a. Rites
b. Emotions
c. Rituals
d. Sagas
e. Symbols
Ans. b
c. Personnel directors
d. Stakeholders
Ans. a
a. Competition
b. Political agencies
c. Suppliers
d. Trade union
Ans. b
a. measurable.
b. continually changing.
c. reasonable.
d. challenging.
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e. consistent.
Ans. b
a. laws
b. rules
c. policies
d. procedures
e. goals
Ans. c
Ans. d
b. in annual reports.
c. on customer receipts.
d. on supplier invoices.
Ans. b
a. Communities
b. Banks
c. Suppliers
d. Employees
e. All of these
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54. The process of performing an
external audit needs to include:
Ans. b
a. Formulation Framework
b. Matching stage
d. Decision stage
Ans. b
Ans. b
a. Divisions
b. S. B. U. s
c. Competitors
d. Management
Ans. c
c. Operating environment
d. Societal environment
Ans. d
a. Financing; marketing
b. Planning; financing
c. Planning; organizing
d. Marketing; planning
Ans. c
a. Value statement
b. Pricing policy
d. Long-term objective
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61. Strategy-formulation concepts
and tools
Ans. a
Ans. b
Classification of Plans in An Organisation : 4 Classes
63. Annual objectives
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a. Need not to be consistent
c. Should be measurable
Ans. c
a. Financial resources,
b. Physical resources,
c. Human resources
Ans. d
a. A pure science.
c. Needed
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organizational performance falls.
d. Based on the use of quantitative
and qualitative information.
Ans. d
a. Strategy
b. Goals
c. Competitive analysis
d. Dynamic policies
Ans. a
a. Operative
b. Top
c. Front-line
d. Middle
Ans. b
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68. Which of these basic questions
should a vision statement answer?
c. Why do we exist?
Ans. d
a. Analyzing competitors
Ans. b
b. Strategy
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Environmental scanning,
Implementation, control and
evaluation
d. Strategy formulation,
Implementation, control, evaluation,
Environmental scanning
Ans. a
a. Mission
b. Strategy
c. Objective
d. Policy
Ans. c
b. Vision
c. Strategy implementation
d. None of above
Ans. b
a. Know; forecast
c. Forecast; know
Ans. c
a. Self-concept
Ans. d
a. Environmental scanning
b. Strategy formulation
c. Strategy control
d. Strategy evaluation
Ans. a
a. Qualitative, Operational
b. Quantitative, Operational
c. Qualitative, Quantitative
Ans. c
77.____________
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firm’s
major competitors Read
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particular strengths and
weaknesses in relation to a sample
firm’s strategic position.
Ans. a
a. Environmental scanning
b. Strategy formulation
c. Strategy Implementation
d. Strategy evaluation
Ans. c
b. Proactive
c. Anti-regulatory or anti-government
Ans. b
e. It is management by ignorance.
Ans. c
c. Weaknesses.
d. Policies.
e. Opportunities.
Ans. a
c. Why do we exist?
Ans. d
a. economic
b. political
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c. technological
d. competitive
e. Multinational
Ans. b
a. Analyzing competitors
Ans. b
a. Strategists
b. Financial planners
c. Personnel directors
Classification of Plans in An Organisation : 4 Classes
d. Stakeholders Read Next Story
e. Human resource managers
Ans. a
a. Measurable.
b. Continually changing.
c. Reasonable.
d. Challenging.
e. Consistent.
Ans. b
a. laws
b. rules
c. policies
d. procedures
e. goals
Ans. c
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88. Which group would be
classified as a stakeholder?
a. Communities
b. Banks
c. Suppliers
d. Employees
Ans. e
a. 3
b. 4
d. 2
Ans. a
c. Cultural
d. Technological
Ans. b
Ans. a
Ans. a
a. 1 -2 years
c. one years
Ans. d
a. Stockholders demand it
a. Self-concept
c. A declaration of attitude
d. Philosophy
Ans. b
Ans. c
a. Marketing
b. Opportunity analysis
d. Management
Ans. c
b. Conducting
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c. Performing an external audit
d. Formulating strategy
Ans. c
Ans. a
a. organizational
b. operational
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c. functional Read Next Story
d. production
Ans. c
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