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MGT603 Online Quiz No 2 Spring 2012

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Question # 1 of 15 ( Start time: 10:50:58 PM ) Total Marks: 1
Where an organization takes into account the effect of its strategic decisions on the society, the
firm is taking care of which of these?
Select correct option:
Corporate governance
Business policy
Business ethics
Social policy
Question # 2 of 15 ( Start time: 10:51:42 PM ) Total Marks: 1
A chance for advancement, progress or profit prevailing in external environment of a company is
known as:
Select correct option:
Strength
Weakness
Opportunity
Threat
Question # 3 of 15 ( Start time: 10:52:18 PM ) Total Marks: 1
The organizations that conduct business operations across national borders are known as which
of the following?
Select correct option:
Domestic firms
Multinational corporations
Parent companies
Franchises

Question # 4 of 15 ( Start time: 10:52:54 PM ) Total Marks: 1
A planned activity aimed at discovery of new knowledge with the hope of developing new or
improved products and services and translation of its findings into a plan or design of new or improved products and services is known as:

Select correct option:
Marketing
Research and development
Production
Management information system

Question # 5 of 15 ( Start time: 10:53:31 PM ) Total Marks: 1
Adding new, unrelated products or services is called:
Select correct option:
Forward integration
Backward integration
Conglomerate diversification
Concentric diversification
Question # 6 of 15 ( Start time: 10:54:38 PM ) Total Marks: 1
Which of the following is best identified as a statement that presents “a firm's big picture
statement, describing a desired end-state, general in scope, and not restrictive”?
Select correct option:
Corporate philosophy statement
Company creed
Vision statement
Mission statement
Question # 7 of 15 ( Start time: 10:55:44 PM ) Total Marks: 1
The general conditions for competition that influence business firms, which provide similar
products and services is known:
Select correct option:
Remote environment
International environment
External environment
Industry environment
Question # 8 of 15 ( Start time: 10:56:36 PM ) Total Marks: 1
While preparing an External Factor Evaluation matrix, a total score of 0.8 indicates what?
Select correct option: 

Firm is taking advantages of strengths and avoiding threats
Firm is not taking advantages of opportunities and is avoiding threats
Firm is not taking advantages of opportunities and is not avoiding threats
Firm is taking advantage of opportunities and is avoiding the threats

Question # 9 of 15 ( Start time: 10:57:43 PM ) Total Marks: 1
Following are the examples of the sectors that are more technologically oriented EXCEPT:
Select correct option:
Textile
Pharmaceutical not sure
Telecommunications
Beverages
Question # 10 of 15 ( Start time: 10:58:21 PM ) Total Marks: 1
What is represented by the pie slice in BCG matrix?
Select correct option:
Relative market share captured by that division
Competitive position possessed by that division
Financial strength of the division in relation to other divisions
Proportion of corporate profits generated by the division
Question # 11 of 15 ( Start time: 10:59:35 PM ) Total Marks: 1
Which one variable falls under the category of the Social, Cultural, Demographic, and
Environmental Variable?
Select correct option:
Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region
Question # 12 of 15 ( Start time: 11:00:19 PM ) Total Marks: 1
Business units that have low market share and are operating in slow-growing industry should
choose all of the following EXCEPT:
Select correct option:
Distribution efficiency
Production efficiency
New investments
Product innovation

Question # 13 of 15 ( Start time: 11:01:08 PM ) Total Marks: 1
Rehman industries is analyzing the technological forces for the firm which may provide it
opportunities and threats for which of the following stage/s of strategic management process?
Select correct option:
Strategy formulation
Strategy implementation
Strategy evaluation
All of the given options
Question # 14 of 15 ( Start time: 11:01:46 PM ) Total Marks: 1
All of the following are Porter's Generic Strategies EXCEPT:
Select correct option:
Differentiation
Hybrid
Cost leadership
Focus
Question # 15 of 15 ( Start time: 11:02:55 PM ) Total Marks: 1
Which one of the following is NOT a key external force?
Select correct option:
Social responsibility
Ozone reduction
Company management
Energy conservation

Question # 1 of 15 ( Start time: 11:08:06 PM ) Total Marks: 1
When a merger or acquisition is not desired by both the parties of merger, then it is known as:
Select correct option:
Divestiture
Takeover
Outsourcing
Integration
Question # 2 of 15 ( Start time: 11:08:44 PM ) Total Marks: 1
Which of the following refers to the belief related to objectives setting that "the future is laden
with great uncertainty and that if we try and do not succeed, then we hope our second (or third)
attempt will succeed"?
Select correct option:
Managing by hope
Managing by extrapolation
Managing by crisis
Managing by subjectives
Question # 3 of 15 ( Start time: 11:10:05 PM ) Total Marks: 1
Which of the following groups represents the stakeholders of a company?
Select correct option:
The owners of the company
The people who purchases the shares of the company
The people who have a special stake or claim on the company
Are the people who are in the management a company

.

Question # 4 of 15 ( Start time: 11:10:47 PM ) Total Marks: 1
Which of the following describes a differentiation strategy?
Select correct option:
Higher quality products or services than competitors

Innovation of products or services greater than competition
Providing different products with competences
Offering unique products that are widely valued by customers

Question # 5 of 15 ( Start time: 11:11:38 PM ) Total Marks: 1
Which of the following depicts the signs of strength of a company's competitive position?
Select correct option:
A debt-to-asset ratio below 0.50 and higher EPS.
A website with extensive information about the company and its product line.
An annual R&D and advertising expenditures greater than $10 million.
A strongly differentiated product, a strong or rising market share.
Question # 6 of 15 ( Start time: 11:12:37 PM ) Total Marks: 1
Which of the following is not a strategy-implementation activity?
Select correct option:
Long term goals and objectives
Developing strategy supportive culture
Redirecting marketing efforts
Developing and utilizing information system
Question # 7 of 15 ( Start time: 11:13:31 PM ) Total Marks: 1
To whom a planning horizon of two to five years applies?
Select correct option:
Top management
Middle management
Lower management
All levels
Question # 8 of 15 ( Start time: 11:14:20 PM ) Total Marks: 1
What are historical narratives describing the unique accomplishments of a group and its leaders,
usually in heroic terms?
Select correct option:
Rites
Sagas
Stories
Myths

Question # 9 of 15 ( Start time: 11:15:22 PM ) Total Marks: 1

Which of the following is one of the Political, Governmental & legal factors?
Select correct option:
Ethical concerns
Traffic congestion
Lobbying activities
Average level of education

Question # 10 of 15 ( Start time: 11:16:01 PM ) Total Marks: 1
Which of the following is an example of Intensive strategies?
Select correct option:
Conglomerate strategy
Forward integration
Market penetration
Retrenchment
Question # 13 of 15 ( Start time: 11:19:25 PM ) Total Marks: 1
Most likely, what was the cash cow in the past?
Select correct option:
Dog
Failure
Question mark
Star
Question # 14 of 15 ( Start time: 11:20:22 PM ) Total Marks: 1
The purpose of an external audit is to prepare a list of which of the following?
Select correct option:
Opportunities and weaknesses
Threats and strengths
Opportunities and threats
Strengths and weaknesses

Question # 15 of 15 ( Start time: 11:20:40 PM ) Total Marks: 1
All of the following would be considered organizational skills and resources that will be used in
differentiation strategy EXCEPT which one?
Select correct option:
Strong research and development department

Products designed for ease of manufacture
Corporate reputation for quality and reliability
Creative, talented and skilled personnel

MGT603_Online_Quiz#02_Spring_2012

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Din Mohammad, a farmer sells his crops at the local market rather than to a distribution
center. This action of Din Mohammad comes under
which of the following?
Backward integration
Product development
Forward integration
Horizontal integration
Theoretical framework is trying to develop a ______ model of our study.
Select correct option:
Functional
Conceptual
Operational
Practical
Which of the following are two negative-rated dimensions on SPACE Matrix?
Select correct option:
FS and CA
CA and ES
FS and IS
IS and ES
Where usage rate of present customers of the company can be increased significantly
and the current markets are not saturated, which
strategy would be effective for the company to follow?
Select correct option:
Market Penetration
Product Development
Market Development
Retrenchment
In Competitive Profile Matrix, the rating 4 indicates what?
Select correct option:
Major weakness

Major strength
Minor strength
Minor weakness
rating 1 represents major weakness, rating 2 shows minor weakness. Similarly, rating 3
indicates minor strength whereas rating 4 shows
major strength. It means that weakness must receive 1 or 2 rating while strength must
get 3 or 4 rating

A chance for advancement, progress or profit prevailing in external environment of a
company is known as:
Select correct option:
Strength
Weakness
Opportunity
Threat
When the Chief Executive of a chain of pharmacies decided to sell off or close some of
the locations that were not profitable, he was
performing which of the management function?
Select correct option:
Leading
Planning
Controlling
Organizing
Taking any corrective action is a part of controlling function.
Internal analysis involves gathering and analyzing the information about all areas of a
firm EXPECT:
Research nad development
Management information system
Marketing
Competitors
Internal strengths and weaknesses that can significantly benefit or harm an organization
may include all of the following EXCEPT:
Production/ operations
Research & development
E-commerce
Management information system
Internal strengths and internal weaknesses are an organization's controllable activities
that are performed especially well or poorly. They arise
in the management, marketing, finance/accounting, production/operations, research and
development, and computer information systems activities of a business. Identifying and
evaluating organizational strengths and weaknesses in the functional areas of a
business is an essential strategic-management activity. Organizations strive to pursue
strategies that capitalize on internal strengths and improve on internal weaknesses.

Strategic management integrates all of the following areas EXCEPT:
Management
Marketing
Research and development
Human resource management
Which management function includes breaking tasks into jobs, combining jobs to form
departments and delegating authority?
Motivating
Staffing
Organizing
Planning
All of the following statements are true about a firm’s mission statement EXPECT:
A mission statement does not directly contribute positively to financial performance.
A mission statement directly contributes positively to financial performance.
A mission statement should not provide useful criteria for selecting among alternative
strategies.
Primary reason to develop a mission statement is not to attract the customers
A firm should practice Joint Venture strategy in which of the following cases?
When the SPACE matrix vector lies in defensive quadrant
When the SPACE matrix vector lies in aggressive quadrant
When the SPACE matrix vector lies in conservative quadrant
When the SPACE matrix vector lies in competitive quadrant
Assessment of competitive rivalry does NOT include an understanding of which of the
following?
Mergers and acquisition in industry
Market growth rates
Exit barriers and operational efficiency of competitor
The management structure of an organization
What is the range for a firm’s total weighted score in an External Factor Evaluation
Matrix?
0 to 5
0 to 4
1 to 5
1 to 4
total weighted score for the organization, Highest possible weighted score for the
organization is 4.0; the lowest, 1.0. Average = 2.5
All of the following would be considered as opportunities for a business, EXCEPT:
Select correct option:
Removal of international trade barriers

Emergence of unfulfilled customer need
Emergence of substitute products
Loosening of regulations

Emergence of unfulfilled customer need
Emergence of substitute products
Loosening of regulations

When an organization’s basic industry is becoming rapidly global
Lack of access to key distribution channel indicates which of the following?
Select correct option:
Strength
Weakness
Opportunity
Threat
Ref: http://www.quickmba.com/strategy/swot/

ABC firm is facing high production costs in Pakistan due to expensive raw material. The
firm is formulating a strategy of capturing European
market because of low priced raw material and high demand of their products in
Europe. Keeping in view the mentioned situation which of the
following strategies ABC firm must pursue?
WO Strategy
SW Strategy
ST Strategy
WT Strategy
Ref: http://www.docstoc.com/docs/23483705/St-Managmentquaiz-and-importan...
Which one of the followings best describes this statement; “The conditions that a
company must satisfy in order to be able to enter an
industry”?
Economies of scale
Barriers to entry
Differentiation
Competitive environment
Ref: http://highered.mcgraw hill.com/sites/0073054224/student_view0/
Which strategy should an organization use if it competes in a no-growth or a slowgrowth
industry?
Related diversification
Backward integration
Unrelated diversification
Retrenchment
that company’s weak competitive situation and slow market growth. The firms fall in this
quadrant compete in slow-growth industries and have weak competitive positions.
These firms must make some drastic changes quickly to avoid further demise and
possible liquidation.
Extensive cost and asset reduction (retrenchment) should be pursued
Defensive strategies include all of the following EXCEPT:
Select correct option:
Retrenchment
Acquisition

Divestiture
Liquidation

Defensive Strategies In addition to integrative, intensive, and diversification strategies,
organizations also could pursue Retrenchment, divestiture, or liquidation.
Selling all of a company’s assets in parts for their tangible worth is known as:
Select correct option:
Joint venture
Divestiture Liquidation
Integration
Selling all of a company’s assets, in parts, for their tangible worth Selling all of a
company’s assets, in parts, for their tangible worth is called liquidation. Liquidation is
recognition of defeat and, consequently, can be an emotionally difficult strategy.
However, it may be better to cease operating than to continue losing large sums of
money.
Which of the following stages of strategy formulation framework involves developing
Internal-External (IE) Matrix?
Select correct option:
Input stage
Output stage
Matching stage
Decision stage
Input stage of strategy-formulation framework includes developing which of the following
set of strategies?
Select correct option:
IFE, EFE and QSPM Matrix
IFE, IE and BCG Matrix
IFE, CPM and EFE Matrix
EFE, IE and CPM Matrix
ABC company is competing in an industry where the growth rate of that industry from
year to year has reached or is close to zero, ABC is
operating in which industry?
Select correct option:
Growing industry
Emerging industry
Mature industry
Declining industry
Which of the following strategy generally entails large research and development
expenditures?
Select correct option:
Market penetration
Retrenchment
Forward integration

Product development
Product Development
Product development is a strategy that seeks increased sales by improving or modifying
present products or services. Product development
usually entails large research and development expenditures

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