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What can be defined as the art and science of formulating, implementing and evaluating
cross-functional decisions that enable an organization to achieve its objectives?
a. Strategy formulation
b. Strategy evaluation
c. Strategy implementation
d. Strategic management
e. Strategic leading
a. Rites
b. Emotions
c. Rituals
d. Sagas
e. Symbols
3. Which individuals are most responsible for the success and failure of an organization?
a. Strategists
b. Financial planners
c. Personnel directors
d. Stakeholders
e. Human resource managers
a. forestry
b. pharmaceuticals
c. textiles
d. metals
e. paper
a. measurable.
b. continually changing.
c. reasonable.
d. challenging.
e. consistent.
11.The first step for using Porter’s Five-Forces Model is to evaluate the relative strength of
each competitive force.
True
False
12. Bargaining power of consumers is usually the most powerful of Porter’s five
competitive forces.
True
False
13. Significant barriers to entry are not always sufficient to keep some new firms from
entering industries with higher-quality products, lower prices and substantial marketing
resources.
True
False
True
False
15. In an EFE Matrix, opportunities often receive higher weights than threats, but threats
too can receive high weights if they are especially severe or threatening.
True
False
16. Opportunities are a firm’s distinctive competencies that cannot be easily matched or
imitated by competitors.
True
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.
True
False
True
False
19. Allocating resources is one of the five basic activities (functions) performed by
managers.
True
False
20. Planning should be performed mostly by middle management and then presented to top
management for analysis and approval.
True
False
21. Which of the following is not a stage of strategy formulation techniques?
a. Formulation Framework
b. Matching stage
c. External factor evaluation
d. Decision stage
25. In BCG matrix, the reason for choosing relative market share, rather than just profits,
is that
a. It carries more information than just cash flow
b. It shows where the brand is positioned against its main competitors
c. It indicates where it might be likely to go in the future
d. All of the mentioned options
26. Those firms must make some drastic changes quickly to avoid further demise and
possible liquidation that fall in__________ of grand strategy matrix
a. Qurdant-1
b. Qurdant-2
c. Qurdant-3
d. Qurdant-4
30. Which of the following resources is used by all organizations to achieve desired
objectives?
a. Financial resources,
b. Physical resources,
c. Human resources
d. All of the mentioned options
31. Matching Stage consists of the EFE Matrix, the IFE Matrix, and the Competitive
Profile Matrix.
True
False
32. Strengthsare external conditions that are helpful to the achievement of the objective.
True
False
33. All nine techniques included in the strategy-formulation framework require integration
of intuition and analysis.
True
False
34. Many businesses fall right in the middle of the Grand strategy matrix and thus are not
easily classified
True
False
35. Only a diversified company with a balanced portfolio can use its strengths to truly
capitalize on its growth opportunities.
True
False
36. Viewing every business as a star, cash cow, dog, or question mark is overly complicated.
True
False
37. Many companies repeatedly fail to truly motivate their people to work with enthusiasm
True
False
38. Strategy implementation varies substantially among different types and sizes of
organizations.
True
False
39. Annual objectives, stated in terms of profitability, growth, and market share by
business segment, geographic area, customer groups, and product are not common in
organizations.
True
False
40. Resource allocation is a major management activity that allows for strategy execution
True
False
41.Strategic management is
a. A pure science.
b. Based mainly on intuition.
c. Needed mainly when organizational performance falls.
d. Based on the use of quantitative and qualitative information.
42. Business week reports that firms using mission statements have a __________ return on
certain financial measures than those without such statements.
a. 30%
b. 35%
c. 40%
d. 45%
43. What is the best time to develop a mission statement?
a. Analyzing competitors
b. Analyzing financial ratios
c. Analyzing available technologies
d. Studying the political environment
47). KAPKAL Power’s interested to achieve a 10 percent return on equity (ROE) in their core
electric utility, 14 percent ROE on water resource operations, and 15 percent ROE on
support businesses. It is _________________
a) Mission
b) Strategy
c) Objective
d) Policy
a) Mission
b) Vision
c) Strategy implementation
d) None of above
49). “Walls” ice cream purchase “Polka” in order to capture the market. Such kind of
integration is called:
a) Forward Integration
b) Backward Integration
c) Horizontal Integration
d) Product Development
50). “To improve economic strength of society and function as a good corporate citizen on a
local, state, and national basis in all countries in which we do business”. This is a mission
statement that contains:
a) Self-concept
b) Economic concern
c) Products or Services
d) Concern for Public Image
a) Environmental scanning
b) Strategy formulation
c) Strategy control
d) Strategy evaluation
52). Forecasting tools can be broadly categorized into two groups. Those are:
a) Qualitative, Operational
b) Quantitative, Operational
c) Qualitative, Quantitative
d) Regression and time series analysis
53). ______________ identifies a firm's major competitors and their particular strengths and
weaknesses in relation to a sample firm's strategic position.
54). Organizing means an identifiable group of people contributing their efforts towards the
attainment of same goal. It is important at the time of:
a) Environmental scanning
b) Strategy formulation
c) Strategy Implementation
d) Strategy evaluation
55). ____________ involves assessing the costs, benefits, and risks associated with marketing
decisions.
a) Customer analysis
b) Opportunity analysis
c) Marketing Research
d) Product and Service Planning
57. What are the means by which long-term objectives will be achieved?
a. Strategies.
b. Strengths.
c. Weaknesses.
d. Policies.
e. Opportunities.
59. When an industry relies heavily on government contracts, which forecasts can be the
most important part of an external audit.
a. economic
b. political
c. technological
d. competitive
e. Multinational
a. Analyzing competitors
b. Analyzing financial ratios
c. Analyzing available technologies
d. Studying the political environment
e. Analyzing social, cultural, demographic and geographic forces
a. Rites
b. Emotions
c. Rituals
d. Sagas
e. Symbols
62. Which individuals are most responsible for the success and failure of an organization?
a) Strategists
b) Financial planners
c) Personnel directors
d) Stakeholders
e) Human resource managers
63. Long-term objectives should be all of the following except:
a) Measurable.
b) Continually changing.
c) Reasonable.
d) Challenging.
e) Consistent.
64. What are guides to decision making?
a. laws
b. rules
c. policies
d. procedures
e. goals
66. “If a strategist has identified that the market growth rate is 8 %, the
number of sellers in industry are 52 and the industry's products are
differentiated.” Which one of the industry's key success factors he is
exploring?
a. Economic forces
b. Social forces
c. Competitive forces
d. Social forces
67 The social factors that affect a firm involve all of the following except:
a. Per capita income
b. Lifestyles of people
c. Attitudes of people in external environment
d. Values & beliefs of people outside the firm
70.What will happen to the Pakistani exports in overseas markets when there
is a strong value of Rupee?
a. Less expensive
b. More attractive
c. Cheaper
d. More expensive
78. A complex set of basic underlying assumptions and deeply held beliefs
shared by all members of the group and drive in important ways the
behavior of individuals in the organizational context is known as:
a. Internal audit
b. Internal assessment
c. Organizational strategy
d. Organizational culture
79. Which one of the following best describes “a substitute product or
service”?
a. A competitor's product or service
b. An alternative way of meeting the same need
c. A new entrant into the industry
d. A less attractive way of meeting the same need
80. Mr. Ghouri assigns a project to be completed by Khalid till the end of
the month and then holds periodic meetings with him to review his
progress. Which of the management functions is Mr. Ghouri
performing?
a. Planning
b. Leading
c. Controlling
d. Organizing
81. The way a company decides to group customers in order to gain a
competitive advantage is called
a. Market segmentation
b. Price-level segmentation
c. Customer differentiation
d. Positioning
83. The MM equipment firm’s financial statements reveal that its sales are
5 million rupees and its finished goods inventory is valued as 2.5 million
rupees. BC Company is one of the competitors of MM equipment with
3 times inventory turnover. You have to decide that the inventory
turnover of MM equipment is:
a. Better than BC Company
b. Worst than BC Company
c. Equal to BC Company
d. None of the given options