Corporate Strategy MCQ
Corporate Strategy MCQ
Corporate Strategy MCQ
a. Latin
b. Greek
c. Chinese
d. German
Answer: b
a. Tactics
b. Leadership
c. Generalship
d. Management
Answer: c
a. setting objectives
b. Operations Management
c. Strategic Management
a. Profit
c. Market Share
d. Competitive Advantage
Answer: b
6. Different levels of strategic decision making andstrategy
formulation in any organization Does not include
a. Financial
b. Corporate
c. Functional
d. Business
Answer: a
a. Business
b. Functional
c. Corporate
d. Financial
Answer: c
a. Reactive
b. Multidimensional
c. Systematic
d. Dynamic
Answer: a
a. Decentralization
b. Wide-span of management
d. Multi operational
Answer: c
b. Decision Making
c. Investments
a. Continuous
b. Interesting
c. Systematic
d. Stable
Answer: a
14. Which of the following defines what business orbusinesses the firm
is in or should be in?
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy
Answer: b
15. Which of the following defines how each individualbusiness unit will
attempt to achieve its mission?
a. Business strategy
b. Corporate strategy
c. Functional strategy
d. National strategy
Answer: a
a. Competitive strategy
b. Corporate strategy
c. Operational strategy
d. National strategy
e. Mission strategy
Answer: c
17. Which one of the following is not a primary task ofstrategic managers?
Answer: b
Answer: a
Answer: c
c. a firm’s products are introduced into the market faster than itscompetitors’
Answer: c
Answer: c
Answer: b
a. The target market for XYZ is oil and gas producers as well asproducers of
chemicals.
b. XYZ shall hire only those individuals who have with sufficienteducational
levels so as to be of benefit to our customers
c. The customers of XYZ shall include global and local consumersof gas and oil
products and domestic users of nontoxic chemicals
Answer: b
d. The full set of commitments, decisions, and actions required forthe firm to
achieve above-average returns and strategic competitiveness..
Answer: d
a. vision
b. mission
c. culture
d. strategy
Answer: a
Answer: a
a. Demographic factors.
b. sociocultural factors.
d. Technological factors.
Answer: c
30. An analysis of the economic segment of the externalenvironment would
include all of the following EXCEPT
a. Interest rates.
b. International trade.
Answer: d
Answer: c
b. economies of scale
Answer: d
33. Switching costs refer to the:
Answer: d
34. New entrants to an industry are more likely when(i.e., entry barriers
are low when…)
Answer: c
Answer: c
36. The highest amount a firm can charge for itsproducts is most
directly affected by
Answer: b
37. All of the following are forces that create high rivalrywithin an industry
EXCEPT
Answer: c
38. According to the five factors model, an attractive industry would have
all of the following characteristicsEXCEPT:
b. Should do.
c. Will do.
d. Might do.
Answer: a
a. Can do.
b. Should do.
c. Will do.
d. Might do.
Answer: d
41. is/are the source of a firm’s ,
which is/are the source of the firm’s .
e. Answer: a
b. causally ambiguous.
c. socially complex.
d. valuable.
Answer: d
Answer: c
a. Differentiators.
b. Larger companies.
c. First movers.
d. Market leaders.
Answer: d
c. Strategy implementation
d. Strategic management
e. Strategic leading
Answer: d
a. Rites
b. Emotions
c. Rituals
d. Sagas
e. Symbols
Answer: b
47. Which individuals are most responsible for thesuccess and failure
of an organization?
a. Strategists
b. Financial planners
c. Personnel directors
d. Stakeholders
a. Competition
b. Political agencies
c. Suppliers
d. Trade union
Answer: b
a. measurable.
b. continually changing.
c. reasonable.
d. challenging.
Answer: b
a. laws
b. rules
c. policies
d. procedures
e. goals
Answer: c
Answer: d
b. In annual reports.
c. On customer receipts.
d. On supplier invoices.
Answer: b
a. Communities
b. Banks
c. Suppliers
d. Employees
e. All of these
Answer: e
Answer: b
a. Formulation Framework
b. Matching stage
c. External factor evaluation
d. Decision stage
Answer: b
a. Divisions
b. S. B. U. s
c. Competitors
d. Management
Answer: c
58. The comprises economic and socialconditions,
political priorities and technological developments, all of which must
be anticipated, monitored, assessed and incorporated into the
executive’s decision making.
a. Internal environment
b. Task environment
c. Operating environment
d. Societal environment
Answer: d
b. Planning; financing
c. Planning; organizing
d. Marketing; planning
Answer: c
a. Value statement
b. Pricing policy
d. Long-term objective
Answer: c
Answer: a
62. Annual objectives
Answer: b
c. Should be measurable
Answer: c
a. Financial resources,
b. Physical resources,
c. Human resources
Answer: d
65. Strategic management is
a. A pure science.
Answer: d
a. Strategy
b. Goals
c. Competitive analysis
d. Dynamic policies
Answer: a
a. Operative
b. Top
c. Front-line
d. Middle
Answer: b
c. Why do we exist?
Answer: d
Answer: b
70. Strategic management process activate in thesequence of
Answer: a
a. Mission
b. Strategy
c. Objective
d. Policy
Answer: c
b. Vision
c. Strategy implementation
d. None of above
Answer: b
a. Know; forecast
c. Forecast; know
Answer: c
a. Self-concept
b. Economic concern
c. Products or Services
Answer: d
75. Strategic-management audit is known as:
a. Environmental scanning
b. Strategy formulation
c. Strategy control
d. Strategy evaluation
Answer: a
76. Forecasting tools can be broadly categorized into twogroups. Those are:
a. Qualitative, Operational
b. Quantitative, Operational
c. Qualitative, Quantitative
Answer: c
Answer: a
a. Environmental scanning
b. Strategy formulation
c. Strategy Implementation
d. Strategy evaluation
Answer: c
a. Reactive
b. Proactive
c. Anti-regulatory or anti-government
Answer: b
80. Which statement best describes intuition?
e. It is management by ignorance.
Answer: c
a. Strategies.
b. Strengths.
c. Weaknesses.
d. Policies.
e. Opportunities.
Answer: a
c. Why do we exist?
a. Economic
b. political
c. technological
d. competitive
Answer: b
a. Analyzing competitors
85. Which individuals are most responsible for thesuccess and failure
of an organization?
a. Strategists
b. Financial planners
c. Personnel directors
d. Stakeholders
e. Human resource managers
Answer: a
a. Measurable.
b. Continually changing.
c. Reasonable.
d. Challenging.
e. Consistent.
Answer: b
a. laws
b. rules
c. policies
d. procedures
e. goals
Answer: c
a. Communities
b. Banks
c. Suppliers
d. Employees
Answer: e
89. Typically how many strategic decision levels are inthe corporate
decision-making hierarchy?
a. 3
b. 4
d. 2
Answer: a
a. Social
b. Economic
c. Cultural
d. Technological
Answer: b
Answer: a
a. 1 -2 years
c. one years
Answer: d
94. Social responsibility is a critical consideration for acompany’s strategic
decision makers since
a. Stockholders demand it
b. The mission statement must express how the company intends to contribute
to the societies that sustain it
Answer: b
95. “The perfect search engine would understand exactlywhat you mean and
give back exactly what you want”, this statement is included in the mission
statement of anonline firm and is showing which one of the following
components?
a. Self-concept
c. A declaration of attitude
d. Philosophy
Answer: b
a. A return-on-equity is below 25% and earnings per share of lessthan Rs. 2.00
d. Lower revenues and profit margin and narrow product linethan the
market leader
Answer: c
a. Marketing
b. Opportunity analysis
d. Management
Answer: c
d. Formulating strategy
Answer: c
99. What is the central purpose of strategic evaluation?
Answer: a
100. Strategy evaluation at the level
involves using specific performance
measures-qualitative and quantitative-for eachfunctional area.
a. organizational
b. operational
c. functional
d. production
Answer: c