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Advanced Strategic Management Solved MCQs (Set-1)
Advanced Strategic Management Solved MCQs (Set-1)
Advanced Strategic Management Solved MCQs (Set-1)
[set-1]
2. ---------- can also be defined as “a general direction set for the company and its
m
various components to achieve a desired state in the future.
o
A. Goal
. c
B. Objectives
te
C. Mission
a
D. Strategy
Answer: D
q M
c
Mthe determination of the basic long-term goals and
3. ----------- is concerned with
the objectives of an enterprise, and the adoption of courses of action and allocation
of resources necessary for carrying out these goals.
A. Policies framing
B. Mission statement
C. Target setting
D. Strategic Management
Answer: D
11. Which of the following is NOT a major element of the strategic management
process?
A. Formulating strategy
B. Implementing strategy
C. Assigning administrative tasks
D. Evaluating strategy
Answer: C
14. The various organizational routines and processes that determine how
efficiently and effectively the organization transforms its inputs into outputs are
called:
A. strengths.
B. core competencies.
C. capabilities.
15. When defining strategic management, the most important thing to remember is
that itis:
A. Not as easy as you think
B. Mainly the province of senior managers
C. A living evolving process
D. More conceptual than practical
Answer: C
19. Which of the following defines what business or businesses the firm is in or
should be in
A. Business strategy
20. Which of the following defines how each individual business unit will attempt to
achieve its mission?
A. Business strategy
B. Corporate strategy
C. Functional strategy
D. National strategy
Answer: A
21. ---------- strategy defines the uses of corporate strategy and specific tactics for
each market.
A. Business strategy
B. Corporate strategy
C. Functional strategy
D. Operational strategy
Answer: A
22. ----------- strategy defines the day to day actions need to deliver the corporate
and business strategies.
A. Core strategy
B. Operational Strategy
C. Corporate strategy
D. Functional strategy
Answer: D
23. Which of the following focuses on supporting the corporate and business
strategies?
A. Competitive strategy
B. Corporate strategy
C. Operational strategy
D. Mission strategy
Answer: C
24. Which one of the following is not a primary task of strategic managers?