MCQOPTIONS
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MCQOPTIONS
This section includes 1003 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 751. |
_ The strategic marketing process is how an organization allocates its marketing mix resources to reach its:$? |
| A. | stated business ideas |
| B. | potential |
| C. | target markets |
| D. | competition |
| Answer» D. competition | |
| 752. |
_ cohesive marketing mix consists of the product, promotion, price, and$? |
| A. | personnel |
| B. | production |
| C. | advertising |
| D. | communication |
| Answer» E. | |
| 753. |
_ An array of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon$? |
| A. | physical uniqueness |
| B. | path dependency |
| C. | social complexity |
| D. | tangible resources |
| Answer» D. tangible resources | |
| 754. |
_ Who is most responsible for developing, communicating, and enforcing the code of business ethics for a firm?$? |
| A. | Strategists |
| B. | Line managers |
| C. | Staff managers |
| D. | All managers |
| Answer» B. Line managers | |
| 755. |
_ What kind of training program is most appropriate for a simple task?$? |
| A. | on-the-job training |
| B. | vestibule training |
| C. | laboratory training |
| D. | away-from-the-job training |
| Answer» B. vestibule training | |
| 756. |
_ Cost efficiency is determined by which of the following drivers?$? |
| A. | Supply Costs, Experience, Product/Process Design and Economies of Scale |
| B. | Supply Costs & Economies of Scale |
| C. | Product/Process Design and Economies of Scale |
| D. | Experience |
| Answer» B. Supply Costs & Economies of Scale | |
| 757. |
_ What is monopoly power?$? |
| A. | When an organization has absolute power in its chosen marketplace |
| B. | When an organization has power over its immediate rivals in its chosen marketplace |
| C. | When an organization has limited power in its chosen marketplace |
| D. | When an organization buys out another organization and assumes power of its share of the marketplace |
| Answer» B. When an organization has power over its immediate rivals in its chosen marketplace | |
| 758. |
_ Which of the following is a force in the Porter's five forces model of industry attractiveness?$? |
| A. | opportunity for new entrants |
| B. | opportunity for substitutes |
| C. | bargaining power of suppliers |
| D. | sustainable competitive advantage for customers |
| Answer» D. sustainable competitive advantage for customers | |
| 759. |
_ What is the danger of excessive monopoly power?$? |
| A. | The organization will charge high prices |
| B. | The organization will not attempt to cut costs |
| C. | The organization will change strategy to seek to fully exploit its power |
| D. | The organization will stifle innovation |
| Answer» D. The organization will stifle innovation | |
| 760. |
_ Which of the following would not be considered a barrier to entry?$? |
| A. | High innovation |
| B. | Concentration of distribution channels |
| C. | Steep experience curves |
| D. | Concentration of suppliers |
| Answer» B. Concentration of distribution channels | |
| 761. |
_ In order to have controlling interest in a foreign company$? |
| A. | an investor must have at least 100 % interest in the foreign company |
| B. | an investor must have at least 50% interest in the foreign company |
| C. | an investor may hold a minority stake if the remaining ownership is widely dispersed |
| D. | an investor must make all decisions at headquarters about the foreign company |
| Answer» D. an investor must make all decisions at headquarters about the foreign company | |
| 762. |
__Which of the following is not a strategic criteria for deciding which firms to retain in the organizational core?__ |
| A. | The company???s mission |
| B. | Longevity |
| C. | Financial performance over time |
| D. | Relatedness of technologies |
| Answer» C. Financial performance over time | |
| 763. |
__Strategy effectiveness and competitive success is dependent on which of the following groups of competencies?__ |
| A. | Change, planning, learning |
| B. | Content, change, planning |
| C. | Content, change, learning |
| D. | Learning, planning, content |
| Answer» D. Learning, planning, content | |
| 764. |
__If a business is blinkered, technology shy, and 'impoverished', what does this signal?__ |
| A. | A weak strategic plan |
| B. | A planning gap |
| C. | A lack of innovation and vision |
| D. | Weak strategic leadership |
| Answer» E. | |
| 765. |
__Which of the following is an aspect of implementation that can be changed indirectly if necessary?__ |
| A. | Organizational structure |
| B. | Information systems |
| C. | Quality |
| D. | Procedures |
| Answer» D. Procedures | |
| 766. |
__Which of these is not an identified form of organizational structure?__ |
| A. | Intrapreneurial |
| B. | Functional |
| C. | Divisional |
| D. | Matrix |
| Answer» B. Functional | |
| 767. |
__Which of the following would you not expect to see in a vision statement?__ |
| A. | Descriptions of desirable future situations |
| B. | Motivational terminology |
| C. | Focus on the values to which the organization is committed |
| D. | What the organization seeks to do to reach desirable future states |
| Answer» E. | |
| 768. |
__The term corporate strategy concerns strategy and strategic decisions__ |
| A. | In certain types of organization |
| B. | At all levels in an organization |
| C. | Developed by the senior management in an organization |
| D. | In the private sector only |
| Answer» C. Developed by the senior management in an organization | |
| 769. |
__Who can be considered as the main stakeholders for London Zoo?__ |
| A. | Research groups |
| B. | Visitors |
| C. | The government |
| D. | Private investors |
| Answer» C. The government | |
| 770. |
__Which of the following is a key external factors that should be taken into account by a corporate strategy?__ |
| A. | economic conditions |
| B. | political conditions |
| C. | legal environments |
| D. | competition |
| Answer» E. | |
| 771. |
_A stability strategy is particularly appropriate when$? |
| A. | the firm is facing rapid growth opportunities |
| B. | the industry is in a state of rapid upheaval |
| C. | an organization is not meeting its goals |
| D. | an organizations performance is declining |
| Answer» C. an organization is not meeting its goals | |
| 772. |
_Which of the following is not an element of strategic thinking?$? |
| A. | Judge what strategic changes to make |
| B. | Realize what needs to change |
| C. | Understanding current strategic positions |
| D. | Manage organizational resources and competencies |
| Answer» E. | |
| 773. |
_Which one of the following is not a future pattern identified by Courtney et al. (1997)$? |
| A. | A limited and definable number of discrete alternatives which can be evaluated and judged by strategic managers |
| B. | A limited and definable number of alternatives which cannot be evaluated nor judged with any great certainty |
| C. | A limited but undefinable number of discrete alternatives which can be evaluated and judged |
| D. | A limited but undefinable number of discrete alternatives that cannot be evaluated nor judged at all |
| Answer» B. A limited and definable number of alternatives which cannot be evaluated nor judged with any great certainty | |
| 774. |
_Why is strategic management important?$? |
| A. | It has little impact on organizational performance |
| B. | It is involved in many of the decisions that managers make |
| C. | Most organizations do not change |
| D. | Organizations are composed of similar divisions and functions |
| Answer» C. Most organizations do not change | |
| 775. |
_Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businesses?$? |
| A. | Economic |
| B. | Social |
| C. | Environmental |
| D. | Competitive |
| Answer» E. | |
| 776. |
_Bargaining power of customers is high if:$? |
| A. | Differentiation of competitors product is low |
| B. | Switching costs are low for substitute products |
| C. | The buyer has little information about the market |
| D. | The buyer requires a high quality product for own production |
| Answer» B. Switching costs are low for substitute products | |
| 777. |
_According to the BCG matrixSBU comprising products in an attractive industry but representing little market share would be referred to as:$? |
| A. | A cash cow |
| B. | A star |
| C. | A dog |
| D. | A question mark |
| Answer» E. | |
| 778. |
_Industry/sector benchmarking compares:$? |
| A. | Organisational performance between firms/public sector organisations in different industries or sectors |
| B. | Organisational performance between firms/public sector organisations in the same industry or sector |
| C. | Organisational performance between firms/public sector organisations in different countries |
| D. | Organisational performance between different divisions of the firm |
| Answer» C. Organisational performance between firms/public sector organisations in different countries | |
| 779. |
_Buying another company by one company means:$? |
| A. | Joint venture |
| B. | Acquisition |
| C. | Amalgamation |
| D. | Merger |
| Answer» C. Amalgamation | |
| 780. |
_Selling all of a companys assets in parts for their tangible worth is called:$? |
| A. | Divestiture |
| B. | Concentric Diversification |
| C. | Liquidation |
| D. | Unrelated integration |
| Answer» D. Unrelated integration | |
| 781. |
_From the following activity which does not comes under the primary activities of value Chain analysis:$? |
| A. | Operations |
| B. | Technology development |
| C. | Marketing and sales |
| D. | Services |
| Answer» C. Marketing and sales | |
| 782. |
_How many cells are in a SWOT matrix?$? |
| A. | 9 |
| B. | 6 |
| C. | 3 |
| D. | 2 |
| Answer» B. 6 | |
| 783. |
_What are the means by which long term objectives will be achieved?$? |
| A. | Strategies |
| B. | Policies |
| C. | Strength |
| D. | Opportunities |
| Answer» B. Policies | |
| 784. |
_A _________ is a limitation or deficiency in resources, skills and capabilities that seriously impede effective performance$? |
| A. | Strength |
| B. | Threat |
| C. | Opportunities |
| D. | Weakness |
| Answer» E. | |
| 785. |
_How does Checkland (1981) describe an organization?$? |
| A. | A collection of people who are trying to act with purpose |
| B. | Systems that comprise a collection of people who are trying to act with purpose |
| C. | A collection of people that act with little purpose |
| D. | A collection of systems and functions, inclusive of its people |
| Answer» C. A collection of people that act with little purpose | |
| 786. |
_Select the statement that best applies to emergent strategies. Emergent strategy...$? |
| A. | implies an ability to react to events |
| B. | implies strategizing |
| C. | implies no deviation from plans |
| D. | implies constant evaluation of the bigger picture |
| Answer» B. implies strategizing | |
| 787. |
_Hard human resource management assumes which of the following?$? |
| A. | Employees are more productive when they are better informed |
| B. | Employees are more productive if they are committed to the organization |
| C. | Employees are resources to be used effectively in the search for competitive advantage |
| D. | Employees have to be trusted to make correct decisions |
| Answer» D. Employees have to be trusted to make correct decisions | |
| 788. |
_What is the recommended length of an effective mission statement?$? |
| A. | One page |
| B. | Less than 200 words |
| C. | One sentence of 10 to 20 words |
| D. | There is no recommendation It can be as long as the management wants |
| Answer» E. | |
| 789. |
_The value chain is subdivided into two main headings. These are primary activities and:$? |
| A. | Peripheral activities |
| B. | Support activities |
| C. | Secondary activities |
| D. | Outsourced activities |
| Answer» C. Secondary activities | |
| 790. |
___________ strategy may require a firm to redefine its business and may involve divestment of a major product line or an SBU, abandon some markets or reduce its functions$? |
| A. | Expansion Strategy |
| B. | Retrenchment Strategy |
| C. | Combination Strategy |
| D. | Stability Strategy |
| Answer» C. Combination Strategy | |
| 791. |
_Strategic business units$? |
| A. | Are found in one-business organisations |
| B. | Carry out strategies assigned by the CEO |
| C. | Develop their own unique way of competing |
| D. | Implement the marketing function's strategic planning and management decisions |
| Answer» D. Implement the marketing function's strategic planning and management decisions | |
| 792. |
_Sustained survival implies$? |
| A. | that a turnaround is achieved but there is little further growth |
| B. | that a turnaround is achieved and there is potential for further growth |
| C. | that a turnaround is achieved and there is a clear opportunity to employ a new growth strategy |
| D. | that a turnaround is achieved and it is appropriate to diversify soon |
| Answer» B. that a turnaround is achieved and there is potential for further growth | |
| 793. |
___________ refers to the ability of buyers to bargain down prices charged by firms in the industry or driving up the costs of the firm by demanding better product quality and service$? |
| A. | Bargaining power of suppliers |
| B. | Threats of new entrants |
| C. | Bargaining power of buyers |
| D. | Threat of substitute products |
| Answer» D. Threat of substitute products | |
| 794. |
_Explosive growth cannot be maintained indefinitely. Sooner or later, the rate of growth slow and the industry enters the$? |
| A. | Embroynic stage |
| B. | Growth stage |
| C. | Shakeout stage |
| D. | Maturity stage |
| Answer» D. Maturity stage | |
| 795. |
_In business, __________ generally refers to the fight for market share which serves the same basic customer needs$? |
| A. | Competition |
| B. | Composition |
| C. | Rivalry |
| D. | None of the above |
| Answer» B. Composition | |
| 796. |
_Kets de Vries (1996) suggested strategic leaders have two key roles to play. Which two roles are they?$? |
| A. | Transformational and Effective |
| B. | Charismatic and Effective |
| C. | Transformational and Charismatic |
| D. | Charismatic and Architectural |
| Answer» E. | |
| 797. |
_According to Sir Allen Shepherd what is the task of corporate leadership?$? |
| A. | To apply energy and judgement to the corporate culture to ensure its relevance |
| B. | To apply energy and judgement to the corporate culture to ensure its stability |
| C. | To apply energy and judgement to the corporate culture to ensure its continuity |
| D. | To apply energy and judgement to the corporate culture to ensure its productivity |
| Answer» B. To apply energy and judgement to the corporate culture to ensure its stability | |
| 798. |
____________ is also known as corporate appraisal, appraisal of internal factors and audit of organizational competence$? |
| A. | Organizational analysis |
| B. | Environmental analysis |
| C. | Industry analysis |
| D. | Business analysis |
| Answer» B. Environmental analysis | |
| 799. |
_Which of the following is not en element of the growth/market options matrix developed by Ansoff (1987)?$? |
| A. | Market development |
| B. | Diversification |
| C. | Product development |
| D. | Market segmentation |
| Answer» E. | |
| 800. |
_________ is a widely used framework to summarize a company's situation or current position$? |
| A. | SWOT analysis |
| B. | TOWS matrix |
| C. | Ansoff's matrix |
| D. | BCG matrix |
| Answer» B. TOWS matrix | |