Online MCQ Assignment Answer
QN1: Which of the following lists is comprised of support activities:
a) human resource management, information systems, procurement & firm infrastructure
b) customer service, information systems, technology development, and procurement
c) human resource management, technology development, customer service, and procurement
d) human resource management, customer service, marketing and sales, and operations
Answer
Answer: a) human resource management, information systems, procurement & firm infrastructure
QN2: Which of the following is true about business strategies?
a) An organization should stick with its strategy for the life of the business.
b) All firms within an industry will adopt the same strategy.
c) Well defined missions make strategy development much easier.
d) Strategies are formulated independently of SWOT analysis.
Answer
Answer: c) Well defined missions make strategy development much easier.
QN3: Which of the following is an example of competing on the basis of differentiation?
a) A firm offers more reliable products than its competitors.
b) A firm’s products are introduced into the market faster than its competitors’.
c) A firm’s distribution network routinely delivers its product on time.
d) firm manufactures its product with less raw material waste than its competitors.
Answer
Answer: a) A firm offers more reliable products than its competitors.
QN4: The two internal elements of SWOT analysis are
a) strengths and weaknesses
b) opportunities and threats
c) strengths and opportunities
d) weaknesses and threats
Answer
Answer: a) strengths and weaknesses
QN5: The impact of strategies on the general direction and basic character of a company is
a) short ranged
b) medium range
c) long range
d) temporal
Answer
Answer: c) long range
QN6: 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
Answer
Answer: d) Strategic management
QN7: Which group would be classified as a stakeholder?
a) Banks
b) Suppliers
c) Employees
d) All of these
Answer
Answer: d) All of these
QN8: The fundamental purpose of an organization’s mission statement is to
a) create a good human relations climate in the organization
b) define the organization’s purpose in society
c) define the operational structure of the organization
d) generate good public relations for the organization
Answer
Answer: b) define the organization’s purpose in society
QN9: What analytical tool has four quadrants based on two dimensions: competitive position and market growth?
a) Competitive Profile Matrix
b) Internal-External Matrix
c) Grand Strategy Matrix
d) SPACE Matrix
Answer
Answer: c) Grand Strategy Matrix
QN10: The primary benefit sought from restructuring is
a) Employee involvement.
b) Cost reduction.
c) Increased morale.
d) Increased number of hierarchical levels in the organization.
Answer
Answer: b) Cost reduction.
QN11: Cash cows are always in
a) Introductory industry
b) Growing industry
c) Mature industry
d) Declining industry
Answer
Answer: c) Mature industry
QN12: 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
Answer
Answer: d) All of the mentioned options
QN13: 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
Answer
Answer: c) Horizontal Integration
QN14: The___ has its own business strategy, objectives and competitors and these are often differ from parent company.
a) Strategic Business Unit structure
b) Matrix structure
c) Divisional structure
d) None of given option
Answer
Answer: a) Strategic Business Unit structure
QN15: Can best be described as short-term in nature.
a) Annual objectives
b) Tenure
c) Mission statements
d) Strategies
Answer
Answer: a) Annual objectives
QN16: Which of these is often considered the first step in strategic planning?
a) Establishing goals and objectives
b) Developing a vision statement
c) Making a profit
d) Developing a mission statement
Answer
Answer: d) Developing a mission statement
QN17: Which of the following are Porter’s generic strategies?
a) Low price, differentiation, focus
b) Cost leadership, differentiation, focus
c) Price leadership, differentiation, focus
d) Low cost, differentiation, focus differentiation
Answer
Answer: b) Cost leadership, differentiation, focus
QN18: Which matrices are also known as Portfolio matrices?
a) SPACE and BCG matrix
b) IE and BCG matrix
c) TOWS and IE matrix
d) SPACE and TOWS matrix
Answer
Answer: b) IE and BCG matrix
QN19: Conglomerate diversification is another name for which of the following?
a) Related diversification
b) Unrelated diversification
c) Portfolio diversification
d) Acquisition diversification
Answer
Answer: c) Portfolio diversification
QN20: Restructuring is also referred to as
a) De-layering.
b) Starting over.
c) Diversifying.
d) Job security
Answer
Answer: a) De-layering.
QN21: Hofer’s matrix is a fifteen cell matrix in which businesses are plotted in terms of their competitive position &
a) Relative profit
b) Relative market share
c) Growth rate
d) Stage of product/market evolution
Answer
Answer: d) Stage of product/market evolution
QN22: Functional managers are responsible
a) for a single area of activity
b) to the upper level of management and staff
c) for complex organizational sub-units
d) for obtaining copyrights and patents for newly developed processes and equipment
Answer
Answer: a) for a single area of activity
QN23: The degree to which jobs are standardized and guided by rules and procedures is called:
a) Work specialization
b) Centralization
c) Decentralization
d) Formalization
Answer
Answer: d) Formalization
QN24: Which factor has been the most rapidly changing component in an organization’s general environment in the past quarter-century?
a) Global
b) Economic
c) Social
d) Technological
Answer
Answer: d) Technological
QN25: The process of collaborative goal setting by a manager and subordinate; the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate’s performance. It is called:
a) Management by objective
b) Management by resources
c) Management by authority
d) Management by system
Answer
Answer: a) Management by objective
QN26: An organization that assigns specialists from different functional departments to work on one or more than one projects being led by project managers is called —
a) Team Organization
b) Virtual Organization
c) Matrix organization
d) Learning Organization
Answer
Answer: c) Matrix organization
QN27: This is an example of a global strategy which is low in risk as it avoids the cost of establishing production operations in another country
a) Franchising
b) Licensing
c) Export
d) globalisation
Answer
Answer: c) Export
QN28: In the activities are grouped according to functions of management such as finance, accounting, purchasing.
a) product/ market structure
b) Line organistion
c) staff organisation
d) functional structure
Answer
Answer: d) functional structure
QN29: Is characterized by direct lines of authority flowing from top to bottom of the organizational hierarchy and the lines of responsibility flowing in an opposite but equally direct manner
a) flat organisation
b) Line organization
c) functional organisation
d) informal organisation
Answer
Answer: b) Line organization
QN30: Is the process of evaluating the employee’s performance on the job in terms of the requirements of the job.
a) performance appraisal
b) Controlling
c) review
d) Analysis
Answer
Answer: a) performance appraisal
QN31: Under this method, the worker is given training at the workplace by his immediate supervisor
a) on the site training
b) offline training
c) on the job training
d) on demand training
Answer
Answer: c) on the job training
QN32: Unbroken line of authority is known as___
a) Line of command
b) hierarchy of commnd
c) Command
d) Chain of command
Answer
Answer: d) Chain of command
QN33: Are the guidelines to decision making.
a) Objectives
b) Goals
c) Policies
d) Decisions
Answer
Answer: c) Policies
QN34: Refers to the formal, established pattern of relationships among the various parts of a firm or any organisation.
a) Organisation
b) Organisational structure
c) Organisational culture
d) Organisation environment
Answer
Answer: b) Organisational structure
QN35: A company’s ability to meet its short-term financial obligations is measured by which of the following ratios?
a) liquidity ratios
b) profitability
c) activity
d) leverage
Answer
Answer: a) liquidity ratios
QN36: The competencies or skills that a firm employs to transform inputs into outputs are
a) Tangible resources.
b) intangible resources
c) Organizational capabilities.
d) reputational resources
Answer
Answer: c) Organizational capabilities.
QN37: The “balanced scorecard” supplies top managers with a ___ view of the business.
a) long-term financial
b) detailed and complex
c) simple & routine
d) fast & comprehensive
Answer
Answer: d) fast & comprehensive
QN38: A marketing department that promises delivery quicker than the production department’s ability to produce is an example of a lack of understanding of the
a) Synergy of the business units.
b) Need to maintain the reputation of the company.
c) organizational culture and leadership
d) Interrelationships among functional areas and firm strategies.
Answer
Answer: d) Interrelationships among functional areas and firm strategies.
QN39: Which one of the following should consider in economy while conducting environmental analysis?
a) GNP
b) Transport
c) Unemployment
d) Channel of distribution
Answer
Answer: a) GNP
QN40: Which of the following shows the process of creating something new?
a) Innovation
b) Modeling
c) Business model
d) Research
Answer
Answer: a) Innovation
QN41: ETOP stands for:
Economic threat opportunity profile
Environmental threat opportunity profile
Environmental turnover opportunity profile
None of the above
Answer
Environmental threat opportunity profile
QN42: This is an example of a global strategy which is low in risk as it avoids the cost of establishing production operations in another country
Franchising
Licensing
Export
Globalization
Answer
Export
QN43: The most important single element for the prospective franchisee to investigate is
start-up costs.
site-selection assistance
franchise fees.
The franchisor
Answer
The franchisor
QN44: “The ___ has its own business strategy, objectives and competitors and these are often differ from parent company.”
Strategic Business Unit structure
Matrix structure
Divisional structure
None of given option
Answer
Strategic Business Unit structure
QN45: An essential requirement for strategic managers should have a knowledge of
External environment
Internal environment
Both a &b
None of the above
Answer
Both a &b
QN46: Which factor has been the most rapidly changing component in an organization s general environment in the past quarter-century?
Global
Economic
Social
Technological
Answer
Technological
QN47: Strategic analysis comprises of
Scenario analysis
SAP nalysis
SWOT Analysis
All of the above
Answer
SWOT Analysis
QN48: Vertical Integration helps a company to
Increase the efficiency of a company
Enhances the product differentation and quality
decrease the cost structure
All of the above
Answer
All of the above
QN49: Shipping of products manufactured in your country to other countries is called as
Exporting
Licensing
Joint Venture
All of the above
Answer
Exporting
QN50: Goals are charactersied by
No quantification
No time frame
Both a&b
None of the above
Answer
None of the above
QN51: Horizontal growth strategies include
Exporting
Licensing
Joint Venture
All of the above
Answer
Joint Venture
QN52: Michael Porter’s model of value chain include
Primary activities
Support activities
Both a&b
None of the above
Answer
Both a&b
QN53: Action plan includes
objectives
initiatives
Evaluation of progress
All of the above
Answer
All of the above
QN54: What we exist as an organisation is
Vision
objectives
Mission
None of the above
Answer
Mission
QN55: An organisation needs to clearly define
Mission
Vision
Goals
All of the above
Answer
All of the above
QN56: Outsourcing is characterised by
helps in cost reduction
enhancing differentation
Can focus on core business
All of the above
Answer
helps in cost reduction
QN57: Corporate level strategies can be classified as
Directional strategy
portfolio strategy
Both a&b
none of the above
Answer
Both a&b
QN58: Organisation’s _____leads to Organisation success
marketing strategy
Pricing policies
Integrity
All of the above
Answer
marketing strategy
QN59: Joint ventures and strategic alliances are part of
Stability Strategy
Growth strategy
Both a&b
None of the above
Answer
Both a&b
QN60: Vertical Integration leads to
Increase the cost structure
not profitable when the technology is working very fast
can also create risk
All of the above
Answer
Increase the cost structure
QN61: Maximisation of resoursce productivity is the responsibility of
business level strategy
corporate level strategy
Functional level strategy
none of the above
Answer
Functional level strategy
QN62: Acquiring or merging with small competitive industry into your industry is called as
Horizontal Integration
vertical integration
concentric integration
none of the above
Answer
Horizontal Integration
QN63: When a company take over its supplier business it is called as
Horizontal Integration
Backward vertical integration
Both a&b
None of the above
Answer
Backward vertical integration
QN64: Outcomes expressed in measurable terms is called as
Policies
Action
Vision
Objectives
Answer
Objectives
QN65:_______level of strategy that deals with future oriented perspective is
Business
Corporate
Functional
None of the Above
Answer
Corporate
QN66: External stakeholders include
Suppliers
Customers
Local communities
All of the above
Answer
All of the above
