M.com part 1 strategic management mcq mumbai university


Strategic Management

M.com part 1 strategic management mcq mumbai university  


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Strategic Management

Advanced Cost Accounting

ECONOMICS OF GLOBAL TRADE AND FINANCE

ADVANCED FINANCIAL ACCOUNTING

HUMAN RESOURCE MANAGEMENT


1.       When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
a.      economic
b.      political
c.       technological
d.     competitive
e.      Multinational
Ans. B
 

2.      ________ is not part of an external audit.
a.      Analyzing competitors
b.      Analyzing financial ratios
c.       Analyzing available technologies
d.     Studying the political environment
e.      Analyzing social, cultural, demographic and geographic forces
Ans. B
 
 
3.       Which individuals are most responsible for the success and failure of an organization?
a.      Strategists
b.      Financial planners
c.       Personnel directors
d.     Stakeholders
e.      Human resource managers
Ans. A
 

4.       Long-term objectives should be all of the following except:
a.      Measurable.
b.      Continually changing.
c.       Reasonable.
d.     Challenging.
e.      Consistent.
Ans. B
 

5.       What are guides to decision making?
a.      laws
b.      rules
c.       policies
d.     procedures
e.      goals
Ans. C
 

6.      New entrants to an industry are more likely when (i.e., entry barriers are low when…)
a.      it is difficult to gain access to distribution channels.
b.      economies of scale in the industry are high.
c.       product differentiation in the industry is low.
d.     capital requirements in the industry are high.
Ans. C
 
 
7.       Internal analysis enables a firm to determine what the firm
a.      can do.
b.      should do.
c.       will do.
d.     might do.
Ans. A
 

8.       An external analysis enables a firm to determine what the firm
a.      can do.
b.      should do.
c.       will do.
d.     might do.
Ans. D


9.       ________ is/are the source of a firm’s________, which is/are the source of the
firm’s ________.
a.      Resources, capabilities, core competencies
b.      Capabilities, resources, core competencies
c.       Capabilities, resources, above average returns
d.     Core competencies, resources, competitive advantage
Ans. A
 

10.   In the airline industry, frequent-flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are
a.      rare.
b.      causally ambiguous.
c.       socially complex.
d.     valuable.
Ans. D
 

11.   Firms with few competitive resources are more likely
a.      to not respond to competitive actions.
b.      respond quickly to competitive actions.
c.       delay responding to competitive actions.
d.     respond to strategic actions, but not to tactical actions.
Ans. C
 

12.   Which of the following is an element of a firm’s remote external environment?
a.      Competition
b.      Political agencies
c.       Suppliers
d.     Trade union
Ans. B
 

13.   Long-term objectives should be all of the following except:
a.      measurable.
b.      continually changing.
c.       reasonable.
d.     challenging.
e.      consistent.
Ans. b


14.   What are guides to decision making?
a.      laws
b.      rules
c.       policies
d.     procedures
e.      goals
Ans. C
 

15.   Strategic management is
a.      A pure science.
b.      Based mainly on intuition.
c.       Needed mainly when organizational performance falls.
d.     Based on the use of quantitative and qualitative information.
Ans. D
 

16.   Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its
a.      Strategy
b.      Goals
c.       Competitive analysis
d.     Dynamic policies
Ans. A
 

17.   Strategic issues require which level of management decisions?
a.      Operative
b.      Top
c.       Front-line
d.     Middle
Ans. B
 

18.   Which of these basic questions should a vision statement answer?
a.      What is our business?
b.      Who are our employees?
c.       Why do we exist?
d.     What do we want to become?
Ans. d
 

19.  ________ is not part of an external audit.
a.      Analyzing competitors
b.      Analyzing financial ratios
c.       Analyzing available technologies
d.     Studying the political environment
Ans. B
 

20.   Strategic management process activate in the sequence of_______
a.      Environmental scanning, Strategy formulation, Implementation, control and evaluation
b.      Strategy formulation, Environmental scanning, Implementation, control and evaluation
c.       Environmental scanning, Strategy Implementation, formulation, control and evaluation
d.     Strategy formulation, Implementation, control, evaluation, Environmental scanning
Ans. A
 
 
21.   KAPKAL Power’s interested to achieve a 10 percent return on equity (ROE) in their core electric utility, 14 percent ROE on water resource operations, and 15 percent ROE on support businesses. It is _____________
a.      Mission
b.      Strategy
c.       Objective
d.     Policy
Ans. C
 

22.   “A possible and desirable future state of an organization” is called:
a.      Mission
b.      Vision
c.       Strategy implementation
d.     None of above
Ans. B
 

23.   Strategic decisions are based on what managers_____________, rather than on what they__________.
a.      Know; forecast
b.      React to; anticipate
c.       Forecast; know
d.     Compromise with; analyze
Ans. C
 

24.  “To improve economic strength of society and function as a good corporate citizen on a local, state, and national basis in all countries in which we do business”. This is a mission statement that contains:
a.      Self-concept
b.      Economic concern
c.       Products or Services
d.     Concern for Public Image
Ans. D
 
 
25.  Strategic-management audit is known as:
a.      Environmental scanning
b.      Strategy formulation
c.       Strategy control
d.     Strategy evaluation

Ans. A


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