Q#1: The SMART goal criteria “Relevant” suggests which one of the following?
(A) Are you able to assess your progress?
(B) Do you know exactly what you want to accomplish?
(C) Is your goal relevant towards your purpose in life?
(D) What is the deadline for completing your goal?
Answer: (C) Is your goal relevant towards your purpose in life?
Q#2: Which of the following issues may not require a management policy?
(A) To operate on two or more shifts
(B) To increase motivational level
(C) To discourage insider trading
(D) To stress quality control greatly
Answer: (B) To increase motivational level
Q#3: Which of the following statement is TRUE about establishment of objectives?
(A) Top-management activity
(B) Centralized activity
(C) Lower-management activity
(D) Decentralized activity
Answer: (A) It is a Top-management activity
Q#4: Which stage of strategy formulation framework consists of Quantitative Strategic Planning Matrix (QSPM)?
(A) Formulation framework
(B) Matching stage
(C) Decision stage
(D) All of the given options
Answer: (C) Decision stage
Q#5: If IE Matrix shows division in IX cell, it can be interpreted as:
(A) Harvest or divest strategies
(B) Grow and Build strategies
(C) Grow and Maintain strategies
(D) Hold and Maintain strategies
Answer: (A) It can be managed best with Harvest or divest strategies
Q#6: The number of personnel that a supervisor is responsible for is known as:
(A) Command and control
(B) Organizational structure
(C) Scope of supervision
(D) Span of control
Answer: (D) Span of control
Q#7: SPACE Matrix coordinates (-2, +3) suggest which strategy?
(A) Aggressive
(B) Conservative
(C) Competitive
(D) Defensive
Answer: (B) Conservative
Q#8: Which matrices are also known as Portfolio matrices?
(A) SPACE and BCG matrix
(B) IE and BCG matrix
(C) TOWS and IE matrix
(D) SPACE and TOWS matrix
Answer: (B) IE and BCG matrix
Q#9: In Competitive Profile Matrix, rating 4 indicates what?
(A) Major weakness
(B) Major strength
(C) Minor strength
(D) Minor weakness
Answer: (B) Major strength
Q#10: Most HRM practices evolved from which function?
(A) Staffing
(B) Controlling
(C) Leading
(D) Organizing
Answer: (A) Staffing
Q#11: Strategic Management as an academic discipline is:
(A) Isolated discipline
(B) Integrated discipline combining business functions
(C) Not practically used
(D) Philosophical doctrine
Answer: (B) A discipline which integrates all business functions
Q#12: Managing method where manager continues same practice until failure occurs is:
(A) Managing by Objectives
(B) Managing by Subjectives
(C) Managing by Extrapolation
(D) Managing by Hope
Answer: (D) Managing by Hope
Q#13: Strategy formulation stage includes all EXCEPT:
(A) Vision and mission
(B) Strength and weakness
(C) Opportunities and threats
(D) Annual objectives
Answer: (D) Annual objectives
Q#14: Debt-to-Equity Ratio is:
(A) Funds from creditors vs stockholders
(B) Funds from creditors vs stakeholders
(C) Funds from owners vs stockholders
(D) None
Answer: (A) The percentage of total funds provided by creditors versus stockholders
Q#15: Focus strategy is also called:
(A) Magnifying Strategy
(B) Niche Strategy
(C) Cost Leadership Strategy
(D) None
Answer: (B) Niche Strategy
Q#16: TRUE statement about Vision statement:
(A) Focuses on future
(B) Defines customers
(C) Identifies processes
(D) Performance level
Answer: (A) It concentrates on future
Q#17: External forces broad categories EXCEPT:
(A) Economic forces
(B) Socioeconomic forces
(C) Technological forces
(D) Competitive forces
Answer: (B) Socioeconomic forces
Q#18: Buyers have high bargaining power when:
(A) Many substitutes exist
(B) Few buyers exist
(C) Few suppliers
(D) High supplier concentration
Answer: (A) When there are many good substitutes of raw material
Q#19: Which is an E-commerce website?
(A) Wikipedia.org
(B) Ebay.com
(C) Twitter.com
(D) Pakistan.gov.pk
Answer: (B) Ebay.com
Q#20: In adapting to change organization must monitor:
(A) Ongoing processes
(B) Internal and external events
(C) Timely changes
(D) All of the given options
Answer: (D) All of the given options
Q#21: External forces affect all EXCEPT:
(A) Market segmentation strategies
(B) Types of products/services
(C) Management structure
(D) Choice of businesses
Answer: (C) Management structure of organization
Q#22: Benefit of strategic management:
(A) Fewer complexes
(B) More complex
(C) Less static
(D) More profitable
Answer: (D) More profitable
Q#23: NOT a selling activity:
(A) Advertising
(B) Sales Promotion
(C) Total Quality Management
(D) Sales Force Management
Answer: (C) Total Quality Management
Q#24: NOT a function of management:
(A) Staffing
(B) Controlling
(C) Depriving
(D) Leading
Answer: (C) Depriving
Q#25: Sino-American relations means:
(A) Sri Lanka & USA
(B) Papua New Guinea & USA
(C) China & USA
(D) Singapore & USA
Answer: (C) China & USA
Q#26: Strategic management was considered cure for all problems in:
(A) 1950s–60s
(B) 1960s–70s
(C) 1970s–80s
(D) 1980s–90s
Answer: (C) Mid 1970s to mid 1980s
Q#27: Profession of Michael Porter:
(A) Politician
(B) Lawyer
(C) Professor at Harvard Business School
(D) Entrepreneur
Answer: (C) Professor at Harvard Business School
Q#28: Analytical tool with two dimensions (competitive position & market growth):
(A) Internal-External Matrix
(B) SPACE Matrix
(C) Grand Strategy Matrix
(D) QSPM
Answer: (C) Grand Strategy Matrix
Q#29: NOT included in Porter’s Five Forces:
(A) Substitute products
(B) Supplier power
(C) Rivalry among stockholders
(D) Rivalry among firms
Answer: (C) Rivalry among stockholders
Q#30: Stakeholder means:
(A) Not related person
(B) Related person
(C) Business owner
(D) Share purchaser
Answer: (B) A person who is related with a business
Q#31: “Djuice” strategy is:
(A) Cost Leadership
(B) Focus Strategy
(C) Integration Strategy
(D) None
Answer: (B) Focus Strategy