Strategic Management Quiz#1, MCQs

NOTE: Attempt all Questions to see the Result at the bottom of this page.

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  1. 1)

    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

  2. 2)

    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 include long-range performance targets but not short-range targets
    • C) Should include financial performance targets but not strategic performance targets
    • D) Should be challenging and congruent among organizational units

  3. 3)

    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
    • D) This is the law intended to promote free competition in the market

  4. 4)

    Financial ratios are helpful in analyzing the relationship between/among which of the following?

    • A) All assets and liabilities
    • B) Profits and costs
    • C) All functional areas of business
    • D) Sales and profitability

  5. 5)

    Which function of management includes areas such as job design, job specification, job analysis and unity of command?

    • A) Planning
    • B) Motivating
    • C) Organizing
    • D) Leading

  6. 6)

    Distribution includes which of the following?

    • A) Customer analysis
    • B) Warehousing
    • C) Advertising
    • D) Test marketing

  7. 7)

    Opportunity analysis is one of the basic functions of which one of the following?

    • A) Computer information systems
    • B) Marketing
    • C) Production/operations
    • D) Research and development

  8. 8)

    “Max Rent-a-Car” is opening car rental shops in Wal-Mart stores, is an example of which type of strategy?

    • A) Forward integration
    • B) Backward integration
    • C) Related diversification
    • D) Unrelated diversification

  9. 9)

    _______________ refers to a strategy of seeking ownership or increased control over a firm’s competitors.

    • A) Conglomerate diversification
    • B) Backward integration
    • C) Horizontal integration
    • D) Concentric diversification

  10. 10)

    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
    • C) Market development
    • D) Horizontal integration