Strategic Management Quiz#2, MCQs

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  1. 1)

    SPACE matrix has four quadrants. All of the following are SPACEMatrix quadrants EXCEPT:

    • A) Aggressive
    • B) Defensive
    • C) Competitive
    • D) Offensive

  2. 2)

    Which of the following are the two internal dimensions represented on the axes of the SPACE Matrix?

    • A) Environmental stability and industry strength
    • B) Industry strength and competitive advantage
    • C) Competitive advantage and financial strength
    • D) Financial strength and environmental stability

  3. 3)

    BCG matrix is used in matching stage of strategy formulation framework. It plots the business units along which of the following dimensions?

    • A) Market share and industry strength
    • B) Market share and market growth rate
    • C) Market growth rate and competitive position
    • D) Market growth rate and environment stability

  4. 4)

    When a division of an organization has a high relative market share and is in a fastgrowing industry, it will be categorized as which type in BCG matrix?

    • A) Star
    • B) Cash cow
    • C) Question mark
    • D) Dog

  5. 5)

    Which of the following is the first step in developing QSPM?

    • A) Developing a list of the firm’s key external and internal factors
    • B) Determining the Attractiveness Scores for each strategy
    • C) Examine the Stage 2 matrices and identify alternative strategies
    • D) Assigning weights to each key external and internal factor

  6. 6)

    Advantages of a functional organization structure would include all EXCEPT which one of the following?

    • A) Promotes division and specialization of labor
    • B) Promotes functional rivalry
    • C) Promotes economic efficiency
    • D) Promotes delegation of authority

  7. 7)

    Which one of the following is the organizational structure that most of the mediumsize organizations follow?

    • A) Divisional structure
    • B) Strategic business unit
    • C) Functional structure
    • D) Matrix structure

  8. 8)

    A divisional structure by geographic area is most appropriate in which of the following situation?

    • A) Organizations have similar branch facilities in dispersed areas
    • B) Organization offers a limited number of products or services
    • C) Organization needs strict control over product lines
    • D) Organization has to serve a large geographic area

  9. 9)

    “Performance comparison of organization business processes against an internal or external standard of recognized leaders.” Identify the termrelevant to the specified statement.

    • A) Restructuring
    • B) Restructuring
    • C) Reengineering
    • D) Benchmarking

  10. 10)

    What is a central strategy-implementation technique that allows an organization to examine the expected results of various actions and approaches?

    • A) Financial budgeting
    • B) TOWS analysis
    • C) Projected financial statement
    • D) External analysis