Quizr: Strategic Management Quiz#4, MCQs

Strategic Management Quiz#4, MCQs

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

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1)

Identify which of the following are mostly based on a firm's external assessment according to Richard Rumelt.
- A) Consonance and consistency
- B) Advantage and feasibility
- C) Consonance and advantage
- D) Consistency and feasibility
Right Answer is the option "C"

2)

Identify a factor which determines the final design of a firm’s strategy-evaluation and control system.
- A) Opportunities
- B) External characteristics
- C) Organization’s characteristics
- D) Competition’s characteristics
Right Answer is the option "C" The unique characteristics of an organization, including its size, management style, purpose, problems, and strengths, can determine a strategy-evaluation and control system's final design

3)

Which of the following is defined as having alternative plans that can be put into Effect if certain key events do not occur as expected?
- A) corporate agility
- B) Scenario planning
- C) Forecasting
- D) Contingency planning
Right Answer is the option "D"

4)

Which of the following is an example of a narrow mission?
- A) We sell packaged pineapples
- B) The firm deals in beverages
- C) Stationery is our product
- D) Company manufactures food items
Right Answer is the option "A"

5)

Which of the following business actions is NOT considered to be unethical?
- A) Poor product or service safety
- B) Using non-union labor in a union shop
- C) Misleading advertising
- D) Too expensive products
Right Answer is the option "D"

6)

Political variables have a significant effect on which one of the following?
- A) Formulation and implementation of strategy
- B) Formulation and evaluation of a strategy
- C) Implementation and evaluation of a strategy
- D) Formulation, implementation and evaluation of a strategy
Right Answer is the option "A"

7)

The XYZ Company wants to know the major favorable situations that exist in its environment. Essentially, the company wants to gain understanding of what?
- A) Strengths
- B) Weaknesses
- C) Threats
- D) Opportunities
Right Answer is the option "D"

8)

In Grand strategy matrix what will be the appropriate quadrant for the Ahmad textiles if it is operating in slow growing market and holds weak competitive position?
- A) Quadrant I
- B) Quadrant II
- C) Quadrant III
- D) Quadrant IV
Right Answer is the option "C" Qurdant-3 contains that company’s weak competitive situation and slow market growth

9)

All of the following fall under the category of restructuring EXCEPT:
- A) Reducing number of employees
- B) Reducing number of shareholders
- C) Reducing number of divisions
- D) Reducing number of hierarchical levels
Right Answer is the option "B" Restructuring—also called downsizing, rightsizing, or delayering—involves reducing the size of the firm in terms of number of employees, number of divisions or units, and number of hierarchical levels in the firm's organizational structure.

10)

Which one of the following is Educative change strategy?
- A) Giving orders to subordinates and enforcing those orders
- B) Changing the strategy of educational institutions
- C) Presenting information to convince people of the need for change
- D) Attempting to convince individuals that the change is for their interest
Right Answer is the option "C" The educative change strategy is one that presents information to convince people of the need for change