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Quiz # 02 will be opened on December 09, 2015 and last date to attempt the quiz will be December 10, 2015 ( MGT603)

Quiz # 02 Dated: Dec 08, 15

Important Announcement

Quiz # 02

Strategic Management (MGT-603)


Dear Students!

This is to inform that Quiz # 02 will be opened on December 09, 2015 and last date to attempt the quiz will be December 10, 2015.


Best Of Luck

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Please share the question and their answers of this quiz if anyone has done.

What happens to the demand for discretionary goods when interest rate rises?

Select correction option:



Remains the same

First rises then declines 

A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products or service is known as:

Select correction option:


Research and development


Management information system   

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

In marketing, who is the central focus of most the activities?

Select correct option:





Deciding whether the organizational structure of a business should be horizontal or vertical is a decision under?

Select correct option:





What is the systematic gathering, recording, and analyzing of data about problems relating to the marketing of goods and services?

Select correct option:



Marketing research

Marketing segmentation 

All of the following are the key questions that can reveal internal strengths and weaknesses in the management department except:

Select correct option:  

Is the organization’s structure appropriate?

Are rewards and control mechanism effective?

Are the organization’ products positioned well?

Does the firm use strategic management concepts?


Which of the following is not a pitfall an organization should avoid in strategic planning?

Select correct option:

Failing to involve key employees in all phases of planning

Involving all managers rather than delegating planning to a planner

Top managers not actively supporting the strategic planning process

Doing strategic planning only to satisfy accreditation or regulatory requirements



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

Quick ratio also known as:

Select correct option:

Gross profit margin

Acid- test-ratio

Return on total assets

Currents ratio

Which of the following stages of strategic management helps the management to know when particular strategies are not working well? 

select correct option 

Strategy formulation
Strategy implementation
Strategy evaluation
All of the given options


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