Question 1

33. Organizing means an identifiable group of people contributing their efforts

towards the attainment of same goal. It is important at the time of:
Response: c. Strategy Implementation
Score: 1 out of 1 Yes

Question 2
44. Corporate strategy refers to the firm's ability to match the opportunities in the
business environment with
Response: c. the choice of what business the firm will be engaged in.
Score: 1 out of 1 Yes

Question 3

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13. Which one of Michael Porter's forces would be most affected by your customers'

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loyalty to your products?

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Response: d. Substitute products

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Score: 0 out of 1 No rs e
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Question 4
51. Which statement is true?
Response: D. All of the above.
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aC s

Score: 1 out of 1 Yes

v i y re

Question 5
38. It directs at developing new products before competitors do at improving product
quality or at improving manufacturing processes to reduce costs.
ed d
ar stu

Response: c. Research and development

Score: 1 out of 1 Yes
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Question 6
27. Strategy-formulation concepts and tools
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Response: a. Do not differ greatly for different size and type of organizations
Score: 1 out of 1 Yes

Question 7
45. What are the most important components for business level strategy making?
Response: a. The distinctive competencies of the firm and its competitive methods
Score: 1 out of 1 Yes

Question 8

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 9. A good plan does not do which of these:
Response: c. Eliminates the different functions and divisions of an organization
Score: 1 out of 1 Yes

Question 9
10. All of the following are basic steps in the planning process EXCEPT:
Response: d. All of these are steps in the planning process.
Score: 1 out of 1 Yes

Question 10
20. Which of the following is an example of competing on quick response?
Response: c. a firm’s products are introduced into the market faster than its
competitors’

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Score: 1 out of 1 Yes

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Question 11

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66. The ________ are distinct little business set up as units in a larger company.

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( rs e
Response: (B) Strategic business Units
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Score: 0 out of 1 No
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Question 12
aC s

30. Which individuals are most responsible for the success and failure of an
v i y re

organization?
Response: a. Strategists
Score: 1 out of 1 Yes
ed d
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Question 13
21. What is meant by the term ‘Stakeholder’?
Response: b. A person who is related with a business.
sh is

Score: 1 out of 1 Yes

Th

Question 14
8. This strategy utilizes short-term or intermediate-term planning, but not usually
long-term planning, to achieve its goals:
Response: c. Functional-level
Score: 1 out of 1 Yes

Question 15
47. In the present environment, functional level strategies require that

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 Response: b. the management team synthesize and integrate the knowledge they
possess in each functional area.
Score: 1 out of 1 Yes

Question 16
35. Social responsibility is a critical consideration for a company’s strategic decision
makers since
Response: b. The mission statement must express how the company intends to
contribute to the societies that sustain it
Score: 1 out of 1 Yes

Question 18
41. Indicate the item that does not reflect the essence of strategy.
Response: d. In order to achieve the results expected by the stakeholders in the firm,

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strategy should be done every three years.

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Score: 1 out of 1 Yes

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Question 19

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5. Arranging training program on productivity is a strategic decision.
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Response: False
Score: 1 out of 1 Yes
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Question 20
aC s

3. The actual performance matches the budgeted performance. This is a realistic

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situation.
Response: False
ed d

Score: 1 out of 1 Yes

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Question 21
19. The three organizational levels are:
sh is

Response: a. corporate level, business level, functional level

Th

Score: 1 out of 1 Yes

Question 22
49. How might the size of a business be best measured?
Response: d. All of the above
Score: 1 out of 1 Yes

Question 23
31. Strategy-formulation concepts and tools
Response: a. Do not differ greatly for different size and type of organizations

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 Score: 1 out of 1 Yes

Question 25
22-24 ________ is/are the source of a firm’s________, which is/are the source of
the firm’s ________.
Response: a. Resources
Response: b. capabilities
Response: c. core competencies
Score: 3 out of 3 Yes

Question 26
4. Changes in company structure also necessitates changes in the systems in
various degrees.
Response: True

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er as
Score: 1 out of 1 Yes

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Question 27

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65. McDonalds is deciding whether to expand into manufacturing kitchen equipment
rs e
in China. At what level is this decision likely to be made?
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Response: b) Corporate
Score: 1 out of 1 Yes
o

Question 28
aC s
v i y re

68. Business level strategy making is the responsibility of the firm's board of
directors, who have to respond to the shareholders of the firm.
Response: False
ed d

Score: 1 out of 1 Yes

ar stu

Question 29
7. Corporate-level strategy typically utilizes what time frame for planning?
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I. Short-term
II. Intermediate-term
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III. Long-term
Response: a. II and III
Score: 1 out of 1 Yes

Question 30
14. When PepsiCo purchased Frito Lay Snackfood, this was an example of:
Response: a. diversification.
Score: 1 out of 1 Yes

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 Question 31
42. Corporate, business, and functional strategies differ in
Response: e. all of the above.
Score: 1 out of 1 Yes

Question 32
28. Strategic management process activate in the sequence of_______
Response: a. Strategy Analysis, Strategy formulation, Implementation, control and
evaluation
Score: 1 out of 1 Yes

Question 33
48. Strategic formulation is done
Response: b. as a process.

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Score: 1 out of 1 Yes

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Question 34

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18. The corporate level is where top management directs:
rs e
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Response: c. overall strategy for the entire organization
Score: 1 out of 1 Yes
o

Question 35
aC s

36. “The perfect search engine would understand exactly what you mean and give
v i y re

back exactly what you want”, this statement is included in the mission statement of
an online firm and is showing which one of the following components?
Response: b. Concern for public image
ed d

Score: 1 out of 1 Yes

ar stu

Question 36
17. Which of the following is not included in strategy implementation?
sh is

Response: d. Analyzing the current situation and setting major goals.

Th

Score: 1 out of 1 Yes

Question 37
16. When Matsushita decided to open company owned stores to sell its own
products, this was an example of:
Response: b. Forward vertical integration
Score: 1 out of 1 Yes

Question 38

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 12. Which one of Michael Porter's forces deals with companies lowering their prices
in order to attract their competitors' customers?
Response: b. Level of rivalry among organizations
Score: 1 out of 1 Yes

Question 39
2. Divestiture is opposed to diversification.
Response: False
Score: 1 out of 1 Yes

Question 40
64. Which is advantage of the merging from buyer's point of view?
Response: D. All of the above

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Score: 1 out of 1 Yes

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Question 41

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29. Strategic decisions are based on what managers_____________, rather than on

o.
what they__________. rs e
Response: c. Forecast; know
ou urc
Score: 1 out of 1 Yes
o

Question 42
aC s

32. Large-scale, future-oriented plans, for interacting with the competitive

v i y re

environment to achieve company objectives refers to its

Response: a. Strategy
Score: 1 out of 1 Yes
ed d
ar stu

Question 43
37. Which of the following are signs of weakness in a company’s competitive
position?
sh is

Response: c. A declining market share, poor product quality and few sales in market
Th

Score: 1 out of 1 Yes

Question 44
52. _______is adding new, unrelated products or series for preset customers
Response: b. horizontal diversification
Score: 1 out of 1 Yes

Question 45
. 15. When Coca-Cola spends huge amounts on advertising in an attempt to create
a positive image for its Classic Coke, this is an example of:

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 Response: d. a differentiation strategy.
Score: 1 out of 1 Yes

Question 46
1. A company's strategy gives rise to problems necessitating a new structure to be
made
Response: True
Score: 1 out of 1 Yes

Question 47
70. Although strategic formulation begins with the business domain definition and
ends with the evaluation process, it should not be regarded as a one-time thing.
Once the process is completed for the first time, it then becomes a part of the
manager's daily activities.

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Response: False

er as
Score: 1 out of 1 Yes

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Question 48

o.
50. In the case where an organization acquires its supplier, this is an example of
rs e
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Response: c. Backwards vertical integration
Score: 1 out of 1 Yes
o

Question 49
aC s

25-26. Strategic management involves the_______, directing, _______ and

v i y re

controlling of a company’s strategy-related decisions and actions.

Response: c. Planning
ed d

Response: d. organizing
ar stu

Score: 2 out of 2 Yes

Question 50
sh is

67. Once the corporate strategy determines what businesses the firm will be
engaged in, the decision must then be made on acquiring another or building a new
Th

business.
Response: False
Score: 1 out of 1 Yes

Question 51
39. “Identifying and evaluating key social, political, economic, technological and
competitive trends and events”. Which of the followings best describes this
statement?
Response: c. Performing an external audit
Score: 1 out of 1 Yes

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 Question 52
69. During the implementation process, the management should guide the firm
toward strategy realization, as long as its objectives are easily and completely tied to
its most valuable competitive methods.
Response: True
Score: 1 out of 1 Yes

Question 53
53. Two reasons for mergers and acquisitions are
Response: d. to provide improved capacity utilization and to gain new technology
Score: 1 out of 1 Yes

Question 54
40. strategy a firm seeks to be unique in its industry along some dimensions that are

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widely valued by buyers

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Response: b. differentiation strategy

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Score: 1 out of 1 Yes

o.
Question 55
rs e
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46. Which level of strategy impacts the operating staff to the greatest degree during
their daily work experiences?
o

Response: c. functional strategy

aC s

Score: 1 out of 1 Yes

v i y re

Question 56
. 11. Which is a false statement concerning a mission statement?
ed d

Response: a. It is a very specific declaration of the organization's purpose

ar stu

Score: 1 out of 1 Yes

Question 57
sh is

63. Which statement is true?

Th

Response: A. An offensive strategy, if successful, can open up a competitive

advantage over competitors
Score: 1 out of 1 Yes

Question 58
43. Indicate the item that is not accurate in describing of different strategies.
Response: c. Functional strategies direct the efficient allocation of the organization's
resources to each of the various divisions.
Score: 1 out of 1 Yes

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 Question 59
6. A division is a unit that:
Response: d. Is all of these
Score: 1 out of 1 Yes

Question 60
34. Which individuals are most responsible for the success and failure of an
organization?
Response: a. Strategists
Score: 1 out of 1 Yes

Question 61
54. Which strategy would be effective when new products have a counter cyclical
sales pattern compared to an organization’s present products?

m
er as
Response: a. forward integration

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Score: 1 out of 1

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o
aC s
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ed d
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