Strategic Management MCQ Quiz Questions | 30 Important Strategic Management MCQ Quiz with Answers
Strategic Management MCQ Answers Quiz: Multiple choice questions and answers on Strategic management are given below. These Strategic Management Multiple Choice Questions are very useful for MPSC, UGC NET, UPSC, Ph D, Civil service exam, competitive/ entrance exams. We have listed below the Strategic Management mcq questions/strategic management mcq with answer pdf download/ strategic management multiple choice questions and answers/mcq on strategic management/strategic management objective type questions are given below. Candidate who are preparing for various examination this below strategic management mcq quiz is convenient and PDF format also available for in this page. At end of the page you will get the Strategic management free PDF link. Download the Multiple choice questions and answers on Strategic management PDF format.
Strategic Management Multiple Choice Questions with Answers Details
Name of the Article | Strategic Management |
Number of Questions | 30 |
Category | MCQ |
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Read the Given Below Strategic Management Multiple Choice Questions:
1. Selling all of a company assets in parts for their tangible worth is called ___________
A. Unrelated integration
B. Concentric Diversification
C. Divestiture
D. Liquidation
Answer: Liquidation
2. The BCG matrix is based on__________
A. Industry Growth rate and Business strength
B. Industry attractiveness and Business strength
C. Industry growth rate and relative market share
D. Industry Attractiveness and Relative Market share
Answer: Industry growth rate and relative market share
3. A possible and desirable future state of an organization is called_________
A. Vision
B. Mission
C. Strategy formulation
D. Strategy implementation
Answer: Vision
4. What do Cash Cows symbolize Stable in BCG matrix?
A. Invest
B. Remain Diversified
C. Stable
D. Liquidate
Answer: Stable
5. What are the guides to decision making?
A. Procedures
B. Rules
C. Policies
D. Goals
Answer: Policies
6. Buying another company by one company means __________
A. Joint venture
B. Acquisition
C. Merger
D. Amalgamation
Answer: Acquisition
7. In strategic thinking, how long is the long term, approximately?
A. 3 to 5 years
B. 2 to 3 years
C. 1 month to 1 year
D. More than 5 years
Answer: More than 5 years
8. Strategy is developed by the visionary chief executive in __________ of strategic management
A. adaptive mode
B. planning mode
C. strategic mode
D. entrepreneurial mode
Answer: entrepreneurial mode
9. Which environment can create new market and new business segments?
A. Technological environment
B. Economic environment
C. Socio cultural environment
D. Political environment
Answer: Technological environment
10. Low cost, Differentiation and Focus are examples of ________
A. Business strategies
B. Corporate strategies
C. Operational strategies
D. Functional strategies
Answer: Business strategies
11. The word tactics is most likely to be associated with____________
A. Business strategy
B. Operational strategy
C. Corporate strategy
D. All of the above
Answer: Operational strategy
12. Stability strategy is a ___________ strategy.
A. corporate level
B. functional level
C. strategic level
D. business level
Answer: corporate level
13. What is the starting point of strategic intent?
A. Goals
B. Objectives
C. Mission
D. Vision
Answer: Vision
14. Marketing strategy is a __________ type of strategy
A. corporate strategy
B. Growth strategy
C. functional strategy
D. business level
Answer: functional strategy
15. Corporate level strategy deals with__________
A. objectives of specific operations
B. objectives of the corporate
C. objectives of specific functions
D. objective of Single strategic Business Unit
Answer: objectives of the corporate
16. Strategic Management handles_________
A. management issues
B. external issues
C. administrational issues
D. internal issues
Answer: external issues
17. Strategies are the means by which long term objectives will be achieved
A. Policies
B. Strategies
C. Opportunities
D. Strength
Answer: Strategies
18. How many cells are in a SWOT matrix?
A. 6
B. 9
C. 2
D. 3
Answer: 9
19. The magnitude and changes that may affect an organization is survival owing to all of the following except _________
A. Demographics
B. E-commerce
C. Dubious firms
D. Merger-mania
Answer: Dubious firms
20. Which strategies improve internal weaknesses by taking advantage of external opportunities?
A. WO
B. SO
C. ST
D. SW
Answer: WO
21. When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
A. Competitive
B. Economic
C. Political
D. Multinational
Answer: Political
22. According to the BCG matrix SBU comprising products in an attractive industry but representing little market share would be referred to as _________
A. a star
B. a dog
C. a question mark
D. a cash cow
Answer: A question mark
23. Which would be classified as a stakeholder?
A. Banks
B. Communities
C. Suppliers
D. Communities Banks Suppliers
Answer: Communities Banks Suppliers
24. Strategic business units_________
A. Carry out strategies assigned by the CEO
B. Are found in one-business organizations
C. Implement the marketing function’s strategic planning and management decisions
D. Develop their own unique way of competing
Answer: Develop their own unique way of competing
25. Bargaining power of customers is high if ____________
A. Differentiation of competitors product is low
B. The buyer has little information about the market
C. Switching costs are low for substitute products
D. The buyer requires a high quality product for own production
Answer: Differentiation of competitors product is low
26. The sketch of the BCG matrix, what is the label of the horizontal axis?
A. Market growth rate
B. Market share
C. Business strength
D. Industry growth rate
Answer: Market share
27. Technological advancements can create Competitive advantage besides many other existing powerful advantages for the businesses?
A. Competitive
B. Social
C. Environmental
D. Economic
Answer: Competitive
28. All of the following are key opportunities and threats in external environment because of political, government and legal forces except__________
A. Patent law
B. Cross boarder relationship
C. Social security program
D. Tax rate
Answer: Social security program
29. The primary benefit brought from restructuring is___________
A. increased morale
B. cost reduction
C. employee involvement
D. increased number and organizational hierarchy
Answer: cost reduction
30. Internal audit is done______
A. After external audit
B. Before external audit
C. Vertical to external audit
D. Parallel to external audit
Answer: Parallel to external audit
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