MGT603 Current Quiz

All of the specified approaches could be used to determine R&D budget allocation EXCEPT:
       Financing as many projects as possible
       Using percentage-of-sales method       Budgeting irrelative to competitors
       Deciding how many successful new products are needed

In order to avoid the emergence of substitute products, AF & Z Corporation has obtained an access and control over the scarce natural resources necessary to produce their products. Thus, which of the following strategies is being practiced by AF & Z Corporation?
       SO Strategy
       WO Strategy
       SW Strategy
       ST Strategy

 

Which statement is CORRECT about strategic-management process?
       It occurs once a year
       It is a continuous process
       It applies mostly to large business
       It applies mostly to small businesses

Internal analysis involves gathering and analyzing the information about all areas of a firm EXPECT:
       Research nad development
       Management information system
       Marketing       Competitors

 Establishing and implementing ways of making things work is known as:
       Planning
       Organizing       Leading
       Controlling

To whom a planning horizon of two to five years applies?
       Top management       Middle management
       Lower management
       All levels

 Which of the following is the benefit of strategic management?
       Fewer complexes
       More complex
       Less static
       More profitable

 The analysis of industry’s major competitors’ strengths may give an insight of which one of these?

       Key threats for the firm       Key opportunities for the firm
       Both opportunities and strengths for the firm
       None of the given options

Identify the term that is known as a “mean of providing guidance to actions and procedures, including how resources are to be allocated and how tasks assigned to the organization might be accomplished”.
Select correct option:
       Aspirations (Confusion 1 & 4)
       Objectives
       Policies
       Goals

Which of these is the allocation and reallocation of capital and resources to projects, products, assets and divisions of an organization?       Investment decision
       Financing decisions       Restructuring decisions
       Strategic decision

A chance for advancement, progress or profit prevailing in external environment of a company is known as:

       Strength
       Weakness
       Opportunity
       Threat

Which statement is CORRECT about strategic-management process?
Select correct option:
       It occurs once a year
       It is a continuous process
       It applies mostly to large business
       It applies mostly to small businesses

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

The social factors that affect a firm involve all of the following EXCEPT:       Attitudes of people in the external environment
       Lifestyles of people
       Per capita income
       Values and beliefs of persons outside the firm

Which of the following is not a strategy-implementation activity?      Long term goals and objectives
       Developing strategy supportive culture
       Redirecting marketing efforts
       Developing and utilizing information system

Adding new but unrelated products or services for appealing present customers is known as:

       Forward integration
       Backward integration
       Conglomerate diversification
       Horizontal diversification

Financial ratios are helpful in analyzing the relationship among which of the following?
Select correct option:
       All assets and liabilities
       Profits and costs
       All functional areas of business
       Sales and profitability

Which of the following is an example of Intensive strategies?
       Conglomerate strategy
       Forward integration
       Market penetration
       Retrenchment

Which one of the following dimensions is NOT a recommended component of a mission statement?
Select correct option:       Self-concept       Markets
       Strategies
       Customers

 “A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?
Select correct option:
       Organization’s philosophy
       Customer orientation       Social policy
       Declaration of attitude

Strategic management integrates all of the following areas EXCEPT:

       Management
       Marketing
       Research and development       Human resource management

Which of the following are the five forces that affect the level of competition in an industry?

       Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry
       Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession
       Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry
         Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action