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Management
Strategic Management
Quiz 10
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Q.1
Which of the following requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies?
Strategy formulation
Strategy evaluation
Strategy implementation
Strategy estimation
Q.2
Which environment can create new market and new business segments?
Political environment
Economic environment
Socio cultural environment
Technological environment
Q.3
When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit
Economic
Competitive
Political
Multinational
Q.4
Selling all of a companys assets in parts for their tangible worth is called:
Divestiture
Concentric Diversification
Liquidation
Unrelated integration
Q.5
What do Cash Cows symbolize in BCG matrix?
Remain Diversified
Invest
Stable
Liquidate
Q.6
The Reasons for diversification is:
to reduce competition
to increase organizational capabilities
to get tax advantage
to get quick entry into a business
Q.7
Strategic Management handles:
external issues
management issues
internal issues
administrational issues
Q.8
The BCG matrix is based on
Industry attractiveness and Business strength
Industry Growth rate and Business strength
Industry Attractiveness and Relative Market share
Industry growth rate and relative market share
Q.9
Why should governments seek to regulate?
To control competition and stop monopoly power
To minimize resource wastage and monopoly power
To control competition and minimize resource wastage
To control competition, minimize resource wastage, and inhibit the exploitation of weak buyers and suppliers
Q.10
An investment that gives the investor a controlling interest in a foreign company is known as which of the following?
foreign portfolio investment
foreign direct investment
mixed venture
pure venture
Q.11
Which of the following is not suggested by Markides (1999) as a factor for competitive and strategic success?
Synergy
Careful evaluation of strategic options
Ensure consistency between desired strategic position and the chosen strategy
Active opportunity searching
Q.12
In order to have controlling interest in a foreign company
an investor must have at least 100 % interest in the foreign company
an investor must have at least 50% interest in the foreign company
an investor may hold a minority stake if the remaining ownership is widely dispersed
an investor must make all decisions at headquarters about the foreign company
Q.13
To succeed, Ansoff (1987) demands that organizations become
more aggressive in terms of competitive strategies and entrepreneurialism or change orientation
more aggressive in terms of competitive strategies
more aggressive in terms of competitive strategies and in their pursuit of opportunities
more aggressive in terms of competitive strategies and innovation
Q.14
International business has recently grown at such a rapid pace because of
stricter government policies on cross-border movements
development of institutions to support and facilitate trade
decreasing global competition
companies increased concerns with terrorism
Q.15
Which of the following factors does not increase the bargaining power of a supplier?
Substitutability
Concentration of suppliers
A buyer is important to the supplier
High switching costs
Q.16
Managers should study international business because
international business comprises a large and growing portion of the worlds total business
global events and competition affect almost all companies
a company operating internationally will engage in modes of business that differ from those it is accustomed to domestically
all of the above
Q.17
How is an organization most likely to secure and sustain a position of strength in its associated environment?
By seeking to influence and manage their external environment
By seeking to influence their competitors' environment
By seeking to influence and manage their internal environment
By seeking to restrict changes within their environment
Q.18
Which of the following best describes the mode of international business used by most companies?
mixed ventures
foreign direct investment
joint ventures
exporting and importing
Q.19
What is the danger of excessive monopoly power?
The organization will charge high prices
The organization will not attempt to cut costs
The organization will change strategy to seek to fully exploit its power
The organization will stifle innovation
Q.20
What would NOT be a reason for a company to engage in international business?
To maximize competitive risk
To acquire resources
To expand sales
To diversify sources of sales and supplies
Q.21
Which of the following would not be considered a barrier to entry?
High innovation
Concentration of distribution channels
Steep experience curves
Concentration of suppliers
Q.22
Exports and imports apply mostly to which of the following?
services
merchandise
intellectual property
licensing
Q.23
A _______ strategy addresses organizational weaknesses, helps stabilize operations and revitalizes organizational resources and capabilities
unrelated diversification
horizontal integration
vertical integration
retrenchment
Q.24
Which one of the following does not influence organizational learning?
Awareness of wider environmental developments
Knowledge of competitor activity
Reflecting on past actions
Applying activity maps
Q.25
_______ are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons
Strengths
Opportunities
Core competencies
Weaknesses
Q.26
Which of the following is not a purpose of strategic thinking?
To realize what needs to change
To establish the agenda for managing strategic change
To clarify future direction
To allocate scarce resources
Q.27
Middle level managers typically are responsible for ___________ strategies
business
organizational
operational
corporate
Q.28
International business has grown rapidly in recent decades for all the following reasons EXCEPT
rapid expansion of technology
liberalization of governmental policies on cross-border movement of trade and resources
development of institutions to support and facilitate international trade
increased cost of labor in both the lesser-developed and developing countries
Q.29
Which one of the following are considered to be synergistic benefits for LVMH?
Joint ventures
Similarity of portfolio
Commercial exploitation
Name association
Q.30
An organization is said to have _______ when it has several different businesses that are independent and that formulate their own strategies
operational units
strategic business units
competitive advantages
legal subunits
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