In the name of ALLAH, the most beneficient, the most merciful

Strategic Management (MGT603)

Multiple Choice Questions (MCQs)

Objective Questions

  1. What does IFE Matrix evaluates?

    1. strengths & opportunities
    2. threats & weaknesses
    3. strengths & weaknesses
    4. strengths & threats
  2. When an industry relies heavilyon governments contracts, which of the following is important for the firm to foresee as a part of its external audit?

    1. Economic forces
    2. Political forces
    3. Technolgical forces
    4. Competitive forces
  3. Which one of the following function of management includes the activities like dealer relations, customer relations, sales force management and sales promotion?

    1. Customer analysis
    2. Selling products/services
    3. Product and service planning
    4. Distribution
  4. All of the following would represent possible threats to the ABC Company EXCEPT which one of the following?

    1. Entrance of new competitors
    2. Improved buyer or supplier relationships
    3. New or revised regulations
    4. Slow industry/market growth
  5. 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"?

    1. External assessment
    2. Industry analysis
    3. Competitive intelligence program
    4. Business ethics
  6. Which marketing function includes test marketing?

    1. Selling products/services
    2. Customer analysis
    3. Product/service planning
    4. Distributing
  7. New Corp.'s book publisher HarperCollins began producing audio books for download, such as Jeff Jarvis's "What would Google Do?". It is an example of which one of the following type of strategies?

    1. Product development
    2. Market development
    3. Market penetration
    4. Forward integration
  8. In marketing, who is the central focus of most of the activities?

    1. Director
    2. Supplier
    3. Customer
    4. Marketer
  9. All of the specified approaches could be used to determine R&D budget allocation EXCEPT:

    1. Financing as many projects as possible
    2. Using percentage-of-sales method
    3. Budgeting irrelative to competitors
    4. Deciding how many successful new products are needed
  10. In IFE matrix, the total weighted score can range from 1.0 to 4.0 (low to high) with the average score being 2.5. If the total weighted score is above 2.5; it indicates that the firm is at:

    1. Strong internal position
    2. Weak internal position
    3. Strong external position
    4. Weak external position
  11. Which one of the following is/are regarded as a type of mission statement?

    1. Narrow statement
    2. Broad statement
    3. Narrow and broad statement
    4. None of the given
  12. Integration strategies allow a firm to gain control over all of the following EXCEPT:

    1. Distributors
    2. Investors
    3. Suppliers
    4. Competitors
  13. Which of the following are Porter's generic strategies?

    1. Low price, differentiation, focus
    2. Cost leadership, differentiation, focus
    3. Price leadership, differentiation, focus
    4. Low cost, differentiation, focus differentiation
  14. Which of the following is the first step in the controlling function of management?

    1. Take corrective actions
    2. Restrict breaks employees take
    3. Evaluate expense reports
    4. Establish performance standards
  15. Which one of the following management function describes "Defining task and authority relationships"?

    1. Staffing
    2. Leading
    3. Organizing
    4. Planning
  16. Long-term objectives are needed at which level(s) of the organization?

    1. Corporate level
    2. Divisional level
    3. Functional level
    4. All of the given
  17. E-Commerce means:

    1. The application of engineering in trade
    2. The application of IT in trade
    3. The application of mechatronics in trade
    4. The application of aeronautics in internet
  18. Which one of the following strategy best describes "the organization focuses its effort on one particular segment and becomes well known for providing products/services within the segment"?

    1. Integration strategies
    2. Growth strategies
    3. Niche strategies
    4. None of the given
  19. Which one of the following answers the question, "what is our business"?

    1. Vision statement
    2. Mission statement
    3. Income statement
    4. None of the given
  20. Vision and mission are considered a part of?

    1. Strategy evaluation
    2. Strategy implication
    3. Strategy formulation
    4. None of the given
  21. HTML stands for which of the following?

    1. Hybrid text markup language
    2. Hypertext Markup Language
    3. Hyper text manufacture language
    4. Highly technical markup language
  22. All of the following are the broad categories of External forces EXCEPT:

    1. Economic forces
    2. Natural forces
    3. Technological forces
    4. Competitive forces
  23. Which of the following questions best corresponds to the "Self-concept" component of a Mission Statement.

    1. Who are the firm's customers?
    2. Is the firm responsive to social concerns?
    3. What is the firm's distinctive competence?
    4. What are the firm's major products or services?
  24. Identify the stages of strategic management process in a precise sequence.

    1. Strategy evaluation, strategy formulation & strategy implementation
    2. Strategy evaluation, strategy implementation & strategy formulation
    3. Strategy formulation, strategy implementation & strategy evaluation
    4. Strategy implementation, strategy evaluation & strategy formulation
  25. Identify the economic variable from the given list.

    1. Attitudes toward business
    2. Attitudes toward product quality
    3. Population changes by race
    4. Stock market trends
  26. Which one of the following ratio can measure a firm's ability to meet maturing short-term obligations?

    1. Liquidity ratios
    2. Leverage ratio
    3. Activity ratio
    4. Profitability ratio