Strategic Management Quiz#4, MCQs

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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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