Q#1: In Competitive Profile Matrix, the rating 4 indicates what?
(A) Major weakness
(B) Major strength
(C) Minor strength
(D) Minor weakness
Answer: (B) Major strength
Q#2: Most of the human resource management practices evolved out of which management function?
(A) Staffing
(B) Controlling
(C) Leading
(D) Organizing
Answer: (A) Staffing
Q#3: 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) Integrated discipline combining business functions
Q#4: Mr. Ali keeps using the same method until something goes wrong. This is an example of:
(A) Managing by Objectives
(B) Managing by Subjectives
(C) Managing by Extrapolation
(D) Managing by Hope
Answer: (D) Managing by Hope
Q#5: Strategy formulation stage includes all of the following EXCEPT:
(A) Vision and mission
(B) Strength and weakness
(C) Opportunities and threats
(D) Annual objectives
Answer: (D) Annual objectives
Q#6: 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) % funds from creditors vs stockholders
Q#7: Focus strategy is also called:
(A) Magnifying Strategy
(B) Niche Strategy
(C) Cost Leadership Strategy
(D) None
Answer: (B) Niche Strategy
Q#8: TRUE statement about Vision statement:
(A) Focuses on future
(B) Defines customers
(C) Identifies processes
(D) Performance level
Answer: (A) Focuses on future
Q#9: External forces broad categories EXCEPT:
(A) Economic forces
(B) Socioeconomic forces
(C) Technological forces
(D) Competitive forces
Answer: (B) Socioeconomic forces
Q#10: Buyers have high bargaining power when:
(A) Many substitutes exist
(B) Few buyers exist
(C) Few suppliers to choose from
(D) High supplier concentration
Answer: (A) Many substitutes exist
Q#11: Which is an E-Commerce website?
(A) Wikipedia.org
(B) Ebay.com
(C) Twitter.com
(D) Pakistan.gov.pk
Answer: (B) Ebay.com
Q#12: In adapting to change organization must monitor:
(A) Ongoing processes
(B) Internal and external events
(C) Timely changes
(D) All
Answer: (D) All of the given options
Q#13: External forces directly 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#14: Benefit of strategic management:
(A) Fewer complexes
(B) More complex
(C) Less static
(D) More profitable
Answer: (D) More profitable
Q#15: NOT a Selling activity:
(A) Advertising
(B) Sales Promotion
(C) Total Quality Management
(D) Sales Force Management
Answer: (C) Total Quality Management
Q#16: NOT a function of management:
(A) Staffing
(B) Controlling
(C) Depriving
(D) Leading
Answer: (C) Depriving
Q#17: Sino-American relations means:
(A) Sri Lanka & USA
(B) Papua New Guinea & USA
(C) China & USA
(D) Singapore & USA
Answer: (C) China & USA
Q#18: Strategic management was considered cure for all problems in:
(A) Mid 1950s–1960s
(B) Mid 1960s–1970s
(C) Mid 1970s–1980s
(D) Mid 1980s–1990s
Answer: (C) Mid 1970s to mid 1980s