MIDTERM EXAMINATION
Spring 2010
MGT603- Strategic Management (Session - 3)
Time:
60 min
Marks:
44
Question
No: 1 ( Marks: 1 ) - Please choose one
Various job titles of a strategist may include all
of the following except:
►
Owner
► Foreman
►
Chancellor
►
Chief executive officer
Question
No: 2 ( Marks: 1 ) - Please choose one
Long-term objectives
includes all of the following except:
►
Measurable
►
Reasonable
► Varying
►
Consistent
Question
No: 3 ( Marks: 1 ) - Please choose one
All of these are
pitfalls of an organization in strategic planning except:
►
Failing to involve key employees in all
phases of planning
►
Using strategic planning to gain control
over decisions and resources
► Using plans as a standard for measuring performance
►
Being so formal in planning that
flexibility and creativity are stifled
Question
No: 4 ( Marks: 1 ) - Please choose one
The organizations
that conduct business operations across national borders are known as:
► Multinational corporations
►
Domestic firms
►
Strategic alliances
►
Franchises
Question
No: 5 ( Marks: 1 ) - Please choose one
A
mission statement should “reconcile interests among diverse
stakeholders”. What does it mean?
►
All shareholders must be satisfied
►
Shareholders should be given preference over customers
► Firm will devote attention
to meeting claims of various stakeholders
pg 23
►
Firm will devote its attention towards the maximization of shareholders value
Question
No: 6 ( Marks: 1 ) - Please choose one
Which component of a mission statement addresses
the basic beliefs, values, aspirations, and ethical priorities of the firm?
►
Technology
► Philosophy
►
Customers
►
Self-concept
Question
No: 7 ( Marks: 1 ) - Please choose one
“Identifying and
evaluating social, political, economic, technological and competitive trends
and events”; which of the followings best describes this statement?
►
Developing an effective mission statement
►
Conducting an internal audit
► Performing an external audit
►
Formulating strategy
Question
No: 8 ( Marks: 1 ) - Please choose one
Suppose, the value of the currency of a certain
country falls, what can be the effect on companies in Different Industries and
in Different Locations in that country respectively?
► Significant and equal
►
Marginal and equal
►
Significant and unequal
►
Insignificant and unequal
Question
No: 9 ( Marks: 1 ) - Please choose one
What will happen to the Pakistani exports in
overseas markets when there is a strong value of rupee?
►
Pakistani exports will be less
expensive
► Pakistani exports will be more expensive
►
Pakistani exports will be more attractive
►
Pakistani exports will be desirable
Question
No: 10 ( Marks: 1 ) - Please choose one
Use
of the Internet and Internet technologies can be integrated into the sales of
on-line as well as off-line business and marketing portion of the value chain
through which of the following?
►
Through software that permits customers to specify build-to-order options
►
Through online product catalogs containing rich product information and
specifications
►
Via online price quotes and online announcements of special sales and
promotions
► All of the given options
Question
No: 11 ( Marks: 1 ) - Please choose one
Assigning
rating '2' to an internal factor in IFE matrix indicates what?
►
Major weakness
► Minor weakness
►
Minor strength
►
Major strength
Question
No: 12 ( Marks: 1 ) - Please choose one
As
managers move up the organization, they perform which of the management
function more?
► Leading
►
Controlling
►
Organizing
►
Planning
Question
No: 13 ( Marks: 1 ) - Please choose one
Sana
has spent a day in a session where the future of her company was discussed. The
people involved were trying to determine what the role of their company was as
the 21st century approaches. Goals were then developed based upon their vision
of the company's mission. Sana spent her day on which of the following process?
► Planning
►
Organizing
►
Leading
►
Controlling
Question
No: 14 ( Marks: 1 ) - Please choose one
One
of the top level manager of a large manufacturing plant uses to spend her day
trying to ensure that the material wastage is not more than 10%. She spends her
day in performing which of the following management functions?
►
Planning
►
Organizing
►
Leading
► Controlling
Question
No: 15 ( Marks: 1 ) - Please choose one
Which of the
following allows an organization to test alternative marketing plans and to
forecast future sales of new products?
►
Marketing
►
Advertisement
► Test marketing
►
Customer analysis
Question
No: 16 ( Marks: 1 ) - Please choose one
Which of the following has/have been successful
in determining R&D budget allocations?
► Financing as many project proposals as possible
►
Budgeting for R&D about what
competitors spend
►
Deciding how many successful new products
are needed
►
All of the given options
Question
No: 17 ( Marks: 1 ) - Please choose one
Which
of the following is a drawback or limitation of Horizontal Integration?
►
Synergies may be more
imaginary than real
►
It can increase suppliers' and buyers' bargaining power
►
Economies of scale are likely to be decreased
►
Both the first & third options are correct
Question
No: 18 ( Marks: 1 ) - Please choose one
In which situation
would horizontal integration be an especially effective strategy?
► When an organization can
gain monopolistic characteristics without being challenged by the federal
government
►
When decreased economies of scale provide major competitive advantages
►
When an organization has neither the capital nor human talent needed to
successfully manage an expanded organization
►
When competitors are succeeding due to managerial expertise or having
particular resources
Question
No: 19 ( Marks: 1 ) - Please choose one
Defensive strategies
include all of the following EXCEPT:
►
Retrenchment
► Acquisition
►
Divestiture
►
Liquidation
Question
No: 20 ( Marks: 1 ) - Please choose one
Which strategy
should be implemented when a division is responsible for an organization’s
overall poor performance?
► Divestiture
►
Forward integration
►
Cost leadership
►
Related diversification
Question
No: 21 ( Marks: 1 ) - Please choose one
Which of the
following is NOT the reason to go for divestiture?
►
When firm has pursued retrenchment but
failed to attain needed improvements
► When the availability of quality distributors is too limited
►
When a division needs more resources than
the firm can provide
►
When a division is responsible for the
firm’s overall poor performance
Question
No: 22 ( Marks: 1 ) - Please choose one
A
joining of two companies through one company buying more than one half of the
other company's stocks is known as:
►
Monopolization
► A spin-off
►
An acquisition
►
A merger
Question
No: 23 ( Marks: 1 ) - Please choose one
Which
of the following statements is TRUE about company’s strategies?
►
Company strategies concern how to grow the business, how to out-compete rivals,
how to satisfy customers
►
Company strategies concern when to change the company's strategic vision and
business model
► Company strategies concern whether
to focus on achieving short-run performance targets or on long-range
►
Company strategies concern performance targets and how much organizational
stretch to build in
Question
No: 24 ( Marks: 1 ) - Please choose one
Which of the
following is a key merit of strategic management?
► Strategic management enables an organization to be proactive
►
Strategic management enables an
organization to avoid the threats
►
Strategic management enables an
organization to defeat their competitors
►
Strategic management enables an
organization to foresee into the future
Question
No: 25 ( Marks: 1 ) - Please choose one
Which
of the following statements describes a company's strategic vision?
► Gives a broad, aspiration
image of the future that an organization is aiming to achieve
►
Sets forth the long-range financial and strategic performance targets that
organization seeks to achieve
►
Indicates the boundaries of the company's present business
►
Reflects how strategic objectives are to be achieved
Question
No: 26 ( Marks: 1 ) - Please choose one
Which of the following is NOT a key question that
can reveal internal strengths and weaknesses of the marketing department?
►
Does the firm have effective sales?
►
Are markets segmented effectively?
► Are the firm’s
products and services priced appropriately?
► Does the firm have good liquidity?
Question
No: 27 ( Marks: 1 ) - Please choose one
The
corporate social policy should be reaffirmed or changed during which phase of
strategic management?
►
Strategy control
►
Strategy implementation
► Strategy formulation
►
Strategy evaluation
Question
No: 28 ( Marks: 1 ) - Please choose one
All of the following
are the circumstances when forward integration strategies are beneficial to be
practiced EXCEPT:
►
Availability of quality distributors is limited
► Existing markets for present
products are saturated
►
Advantages of stable production are high
►
Present distributors have high profit margins
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