Final Test 3.2023

BANKING ACADEMY FINAL EXAM
INTERNATIONAL SCHOOL OF BUSINESS STRATEGIC MANAGEMENT– No.3

Time allowance: 90’
Apply to: City U Program

Date of exam: ………………………………… Date of approval:…………………………..
Signature of censor 1:……………………… Signature of censor 2:………………………
(Note: Students are not allowed to use the materials during the exam)
PART 1: MULTIPLE-CHOICE QUESTIONS (30 points/10 questions, 3 points/question)
1. Power of suppliers will high when ………..

A. Their products and services are standardized.
B. There are many suppliers in the market.
C. There are limit number of buyers.
D. Their products or services are unique.
2. Which individuals are most responsible for the success and failure of an
organization?
A. Strategists
B. Financial planners
C. Personnel directors
D. Stakeholders
3. The first step in strategic planning is generally

A. establishing goals and objectives.
B. making a profit.
C. developing a vision statement.
D. developing a mission statement
4. A SMART objective is one that is ……………?

A. Strong, multi-purpose, attainable, revisable, time-bound .
B. Special, measurable, achievable, realizable, time-bound.
C. specific, measurable, achievable, relevant and time-bound
D. Specific, meaningful, attainable, reproduce and in time.
5. Elise a company that specializes in women’s clothing’s decide to produce clothes for
children. This is an example of …………..strategy.
A. Product development
B. market development
C. diversification
D. horizontal integration
6. The I/O approach to competitive advantage advocates that external factors are
________ internal factors in a firm achieving competitive advantage.
A. less important than
B. equally important as
C. more common than
D. more important than
7. ________ ties all business functions together and provides the basis for all
managerial decisions.
A. Management
B. Marketing
C. Technology
D. Information
8. Massan- a company that produces and markets soya sauce, fish sauce, instant
noodles, energy drinks, instant cereals and bottled beverages decided to purchase
Vinmart – a supermarket chain. This is and example of …………strategy.
A. backward integration.
B. divestiture.
C. unrelated diversification.
D. forward integration.
9. Establishing objectives is a
A. top-level activity.
B. decentralized activity.
C. centralized activity.
D. centralized-decentralized activity
10. The strategy-evaluation process should

A. foster mutual understanding and trust.
B. dominate decisions.
C. be complex.
D. be cumbersome.
PART 2: CHOOSE TRUE or FALSE and EXPLAIN (40 points/10 questions, 4 points/question)
11. Privately held Mars Inc, best known for its M&M chocolates, recently bought 80%
of P&G pet-food brands. This strategy is called Related Diversification.
A. True
B. False
12. Core competencies are the resources and capabilities that comprise the strategic
advantages for a business.
A. True
B. False
13. A mission statement is a declaration of an organization's reason for being.
A. True
B. False
14. Customer’s loyalty can be a barrier to entry into a market.
A. True
B. False
15. BCG matrix is not useful strategic tools for companies that only produce one type of
product.
A. True
B. False
16. One of the fundamental strategy evaluation activities is reviewing external and
internal factors that are the bases for current strategies
A. True
B. False
17. The process of performing an internal audit, compared to the external audit,
provides more opportunity for participants to understand how their jobs, departments
and divisions fit into the whole organization.
A. True
B. False
18. The overall aim of the Balanced Scorecard is to balance financial objectives with
strategic objectives
A. True
B. False
19. Strategy formulation requires coordination among a few individuals, but strategy
implementation requires coordination among many
A. True
B. False
20. Strategy evaluation is becoming increasingly easier with the passage of time, given
technological advances
A. True
B. False
PART 3: ESSAY AND UNDERSTANDING CONTEXT (30 points)
1. According to M. Porter, what is barriers to entry? Give explanation and examples.

2. What is whistle-blowing? Explain why organization should have policies that encourage
whistle-blowing
3. Explain reasons why many mergers and acquisitions fail? Give examples.
=====END OF THE TEST=====

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BANKING ACADEMY FINAL EXAM

INTERNATIONAL SCHOOL OF BUSINESS STRATEGIC MANAGEMENT– No.3

Apply to: City U Program

PART 1: MULTIPLE-CHOICE QUESTIONS (30 points/10 questions, 3 points/question)

1. Power of suppliers will high when ………..

3. The first step in strategic planning is generally

4. A SMART objective is one that is ……………?

10. The strategy-evaluation process should

PART 3: ESSAY AND UNDERSTANDING CONTEXT (30 points)

1. According to M. Porter, what is barriers to entry? Give explanation and examples.

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