31 + Mcqs in Advanced Strategic Management Page 1 McqOptions

1.	Which of the following is not a characteristic of strategic management that makes it different from other types of management?
A.	It is interdisciplinary.
B.	It has an external focus.
C.	It has an internal focus.
D.	It concerns the present direction of the organization.
Answer» E.

Discussion

2.	The various organizational routines and processes that determine how efficiently and effectively the organization transforms its inputs into outputs are called:
A.	strengths.
B.	core competencies.
C.	capabilities.
D.	customer value.
Answer» C. capabilities.

Discussion

3.	Which of the following defines how each individual business unit will attempt to achieve its mission?
A.	Business strategy
B.	Corporate strategy
C.	Functional strategy
D.	National strategy
Answer» B. Corporate strategy

Discussion

4.	Strategic management involves the , directing, and controlling of a company s strategy-related decisions and actions.
A.	Financing; marketing
B.	Planning; financing
C.	Planning; organizing
D.	Marketing; planning
Answer» D. Marketing; planning

Discussion

5.	Which of the following resources is used by all organizations to achieve desired objectives?
A.	Financial resources,
B.	Physical resources
C.	Human resources
D.	All of the mentioned options
Answer» E.

Discussion

6.	To improve economic strength of society and function as a good corporate citizen on a local, state, and national basis in all countries in which we do business . This is a mission statement that contains:
A.	Self-concept
B.	Economic concern
C.	Products or Services
D.	Concern for Public Image
Answer» E.

Discussion

7.	It refers to formal and informal rules, regulations and procedures that complement the company structure
A.	Strategy
B.	Systems
C.	Environment
D.	All of the above
Answer» C. Environment

Discussion

8.	Changes in company . also necessitates changes in the systems in various degrees
A.	structure
B.	system
C.	strategy
D.	turnover
Answer» C. strategy

Discussion

9.	Formal systems are adopted to bring & amalgamation of decentralized units into product groups.
A.	Manpower
B.	Co-ordination
C.	Production
D.	All of the above
Answer» C. Production

Discussion

10.	The actual performance deviates positively over the budgeted performance. This is an indication of ... performance.
A.	superior
B.	inferior
C.	contant
D.	any of the above
Answer» B. inferior

Discussion

11.	Strategy evaluation at the level involves using specific performance measures-qualitative and quantitative-for each functional area.
A.	organizational
B.	operational
C.	functional
D.	production
Answer» D. production

Discussion

12.	A ------------ is defined as an organization that has developed the capacity to continuously learn, adapt, and change.
A.	Change management
B.	Strategic Change
C.	Learning organisation
D.	Strategic organisation
Answer» D. Strategic organisation

Discussion

13.	The overall strategy which is comprehensive in nature and provides the basis for strategic direction is known as----
A.	Corporate strategy
B.	Grand strategy
C.	General strategy
D.	All of these
Answer» C. General strategy

Discussion

14.	D fense strategies in which the leader stretches over new market territories using market diversification is classified as
A.	mobile defence
B.	static defence
C.	stable defence
D.	unstable defence
Answer» B. static defence

Discussion

15.	Elements in a company s external environment that allow to formulate and implement strategies to increase profitability.
A.	Strength
B.	Success
C.	opportunity
D.	productivity
Answer» D. productivity

Discussion

16.	Typically, how many strategic decision levels are in the corporate decision-making hierarchy?
A.	3
B.	4
C.	could be more than 5
D.	2
Answer» B. 4

Discussion

17.	It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm s strategy
A.	Strategic surveillance
B.	Strategic planning
C.	both A and B
D.	None of the above
Answer» B. Strategic planning

Discussion

18.	Which of the following is NOT an assumption of the Industrial Organization, or I/O, model?
A.	Organizational decision makers are rational and committed to acting in the firm's best interests.
B.	Resources to implement strategies are not highly mobile across firms.
C.	The external environment is assumed to impose pressures and constraints that determine the strategies that result in superior performance.
D.	Firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.
Answer» E.

Discussion

19.	The environmental segments that comprise the general environment typically will NOT include:
A.	demographic factors.
B.	sociocultural factors.
C.	substitute products or services.
D.	technological factors.
Answer» D. technological factors.

Discussion

20.	In contrast to the industrial organization model, in a resource-based model, which of the following factors would be considered a key to organizational success?
A.	unique market niche.
B.	weak competition.
C.	economies of scale.
D.	loyal employees.
Answer» E.

Discussion

21.	An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in a specific product market is a definition of:
A.	business strategy.
B.	core competencies.
C.	sustained competitive advantage.
D.	strategic mission.
Answer» B. core competencies.

Discussion

22.	In , the company can develop new products that are technologically unrelated to its current product line and still can appeal to its current customers.
A.	Concentric diversification
B.	Horizontal diversification
C.	Conglomerate diversification
D.	None of the above
Answer» C. Conglomerate diversification

Discussion

23.	The environmental segments that comprise the general environment typically will NOT include:
A.	demographic factors.
B.	sociocultural factors.
C.	substitute products or services.
D.	technological factors.
Answer» D. technological factors.

Discussion

24.	In , the company would seek new products that have marketing or technological synergies with existing product lines appealing to a new group of customers.
A.	Concentric diversification
B.	Horizontal diversification
C.	Conglomerate diversification
D.	None of the above
Answer» B. Horizontal diversification

Discussion

25.	Redefining how company gets paid or create innovative new revenue streams is of Business innovation.
A.	Value capture dimension
B.	Brand dimension
C.	Networking dimension
D.	Offerings dimension
Answer» B. Brand dimension

Discussion

26.	Michael Porter has proposed generic strategies that provide a good starting point for strategic thinking.
A.	3
B.	5
C.	4
D.	6
Answer» B. 5

Discussion

27.	SBU (strategic business unit) is a unit that is usually responsible for its own budgeting, new product decisions, hiring decisions, and price setting.
A.	Semi-autonomous
B.	Autonomous
C.	Non-autonomous
D.	None of the above
Answer» B. Autonomous

Discussion

28.	In , the company may seek new opportunities that have no relation with its current technology, products, or markets.
A.	Concentric diversification
B.	Horizontal diversification
C.	Conglomerate diversification
D.	None of the above
Answer» D. None of the above

Discussion

29.	For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using a
A.	Market-penetration strategy
B.	Market development strategy
C.	Product-development strategy
D.	Diversification strategy
Answer» B. Market development strategy

Discussion

30.	The BCG's Growth Share matrix uses and of market growth as criteria to make investment decisions.
A.	Relative market share and quarterly rate
B.	Relative market share and annual rate
C.	Absolute market share and annual rate
D.	Absolute market share and quarterly rate
Answer» C. Absolute market share and annual rate

Discussion

31.	The functional level strategy of marketing function is divided into various operating levels such as marketing research, sales promotion, etc. these types of strategies are called.
A.	Business strategy
B.	Corporate strategy
C.	Functional strategy
D.	Operational strategy
Answer» E.

Discussion

Explore topic-wise MCQs in Master of Commerce (MDotcom).

Which of the following is not a characteristic of strategic management that makes it different from other types of management?

The various organizational routines and processes that determine how efficiently and effectively the organization transforms its inputs into outputs are called:

Which of the following defines how each individual business unit will attempt to achieve its mission?

Strategic management involves the , directing, and controlling of a company s strategy-related decisions and actions.

Which of the following resources is used by all organizations to achieve desired objectives?

To improve economic strength of society and function as a good corporate citizen on a local, state, and national basis in all countries in which we do business . This is a mission statement that contains:

It refers to formal and informal rules, regulations and procedures that complement the company structure

Changes in company . also necessitates changes in the systems in various degrees

Formal systems are adopted to bring & amalgamation of decentralized units into product groups.

The actual performance deviates positively over the budgeted performance. This is an indication of ... performance.

Strategy evaluation at the level involves using specific performance measures-qualitative and quantitative-for each functional area.

A ------------ is defined as an organization that has developed the capacity to continuously learn, adapt, and change.

The overall strategy which is comprehensive in nature and provides the basis for strategic direction is known as----

D fense strategies in which the leader stretches over new market territories using market diversification is classified as

Elements in a company s external environment that allow to formulate and implement strategies to increase profitability.

Typically, how many strategic decision levels are in the corporate decision-making hierarchy?

It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm s strategy

Which of the following is NOT an assumption of the Industrial Organization, or I/O, model?

The environmental segments that comprise the general environment typically will NOT include:

In contrast to the industrial organization model, in a resource-based model, which of the following factors would be considered a key to organizational success?

An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in a specific product market is a definition of:

In , the company can develop new products that are technologically unrelated to its current product line and still can appeal to its current customers.

The environmental segments that comprise the general environment typically will NOT include:

In , the company would seek new products that have marketing or technological synergies with existing product lines appealing to a new group of customers.

Redefining how company gets paid or create innovative new revenue streams is of Business innovation.

Michael Porter has proposed generic strategies that provide a good starting point for strategic thinking.

SBU (strategic business unit) is a unit that is usually responsible for its own budgeting, new product decisions, hiring decisions, and price setting.

In , the company may seek new opportunities that have no relation with its current technology, products, or markets.

For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using a

The BCG's Growth Share matrix uses and of market growth as criteria to make investment decisions.

The functional level strategy of marketing function is divided into various operating levels such as marketing research, sales promotion, etc. these types of strategies are called.