Mgt603 Quiz No. 2

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
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

Another Quiz:-

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 ***** 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


Another Quiz:-

All of the following are functional support roles of Management Information System EXCEPT: 
Select correct option: 

Recording and storing accounting records 
Recording and storing inventory data 
Recording and storing business intelligence data 
The enhanced ability to explore "what if"



Question # 2 of 15 ( Start time: 08:27:56 PM ) Total Marks: 1 
All of the following would represent possible threats to the ABC Company EXCEPT which one of the following? 
Select correct option: 
Entrance of new competitors 
Improved buyer or supplier relationships 
New or revised regulations 
Slow industry/market growth



Question # 3 of 15 ( Start time: 08:29:16 PM ) Total Marks: 1 
Which of the following statements is NOT correct about a mission statement? 
Select correct option: 

It contains the definition of the company's business 
It is called the picture of a company's future. 
It is a statement containing the company's major goals 
It is known as statement of the corporate philosophy


Question # 4 of 15 ( Start time: 08:30:18 PM ) Total Marks: 1 
All of the following strategies are recommended to be perused by Question Mark divisions EXCEPT: 
Select correct option: 

Market penetration 
Market development 
Horizontal integration 
Product development