MGT603 QUIZ NO 2 FALL 2010

MC080401996 : Khalid Hayat Khan Niazi 68
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 1 of 15 ( Start time: 11:14:05 AM )
Corporate social policy should be designed and articulated during which phase of strategic management?
Select correct option:


Implementation




Formulation



TRUE
Evaluation




Management




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MC080401996 : Khalid Hayat Khan Niazi 52
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 2 of 15 ( Start time: 11:14:31 AM )
Which strategy seeks to increase market share of present products or services in present markets through greater
marketing efforts?
Select correct option:


Market penetration



TRUE
Market development
Backward integration




Product development




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MC080401996 : Khalid Hayat Khan Niazi 61
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 3 of 15 ( Start time: 11:15:12 AM )
Which of the following environment includes all those factors which affect the organization and itself affected by the
organization?
Select correct option:


External environment




Social environment




Task environment



TRUE
Internal environment




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MC080401996 : Khalid Hayat Khan Niazi 61
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 4 of 15 ( Start time: 11:15:43 AM )
Din Mohammad, a farmer sells his crops at the local market rather than to a distribution center. This action of Din
Mohammad comes under which of the following?
Select correct option:


Backward integration



TRUE
Product development




Forward integration




Horizontal integration




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MC080401996 : Khalid Hayat Khan Niazi 58
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 5 of 15 ( Start time: 11:16:16 AM )
Which of the following is one of the Political, Governmental & legal factors?
Select correct option:


Ethical concerns




Traffic congestion




Lobbying activities



TRUE
Average level of education




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MC080401996 : Khalid Hayat Khan Niazi 55
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 6 of 15 ( Start time: 11:16:51 AM )
Which of the following are the five forces that affect the level of competition in an industry?
Select correct option:


Threat of entrants; power of buyers; power of supp



TRUE
Threat of buyers; power of entry; power of substitu




Threat of recession; power of buyers; power of sup




Threat of entry; power of buyers; power of supplier




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MC080401996 : Khalid Hayat Khan Niazi 11
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 7 of 15 ( Start time: 11:17:29 AM )
BCG matrix is used in matching stage of strategy formulation framework. It plots the business units along which of
the following dimensions?
Select correct option:
Market share and industry strength




Market share and market growth rate



not sure

Market growth rate and competitive position




Market growth rate and environment stability




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MC080401996 : Khalid Hayat Khan Niazi 63
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 8 of 15 ( Start time: 11:18:53 AM )
Which statement is CORRECT about strategic-management process?
Select correct option:


It occurs once a year




It is a continuous process



TRUE
It applies mostly to large business




It applies mostly to small businesses




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MC080401996 : Khalid Hayat Khan Niazi 60
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 9 of 15 ( Start time: 11:19:24 AM )
Which group would be classified as a stakeholder?
Select correct option:


Communities




Banks




Suppliers




All of the given options



TRUE
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MC080401996 : Khalid Hayat Khan Niazi 65
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 10 of 15 ( Start time: 11:19:56 AM )
Which of the following are the two external dimensions to be considered in SPACE Matrix?
Select correct option:


Environmental stability and industrial strength



TRUE
Environmental stability and competitive advantage




Industrial strength and competitive advantage




Industrial strength and Financial strength




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MC080401996 : Khalid Hayat Khan Niazi 63
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 11 of 15 ( Start time: 11:20:24 AM )
A system of several rites connected with a single occasion or event is known as:
Select correct option:


Myth




Ceremonial



TRUE
Saga




Legend




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MC080401996 : Khalid Hayat Khan Niazi 66
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Quiz Start Time: 11:14 AM



Total Marks: 1
Question # 12 of 15 ( Start time: 11:20:54 AM )
All of these are pitfalls an organization should avoid in strategic planning EXCEPT:
Select correct option:


Using plans as a standard for measuring performanc



TRUE
Using strategic planning to gain control over decision




Failing to involve key employees in all phases of plan




Being so formal in planning that flexibility and creativ




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MC080401996 : Khalid Hayat Khan Niazi 13
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Question # 13 of 15 ( Start time: 11:21:20 AM )
All of the following are the indicators of industry strength for an organization EXCEPT:
Select correct option:


Financial stability




Ease of entry into the market
Geographic and product freedom



TRUE
Control over suppliers




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MC080401996 : Khalid Hayat Khan Niazi 62
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 14 of 15 ( Start time: 11:22:40 AM )
What are historical narratives describing the unique accomplishments of a group and its leaders, usually in heroic
terms?
Select correct option:


Rites




Sagas



TRUE
Stories




Myths




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MC080401996 : Khalid Hayat Khan Niazi 56
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Quiz Start Time: 11:14 AM
Total Marks: 1
Question # 15 of 15 ( Start time: 11:23:12 AM )
Strategy formulation stage includes all of the following EXCEPT:
Select correct option:


Vision and mission




Strength and weakness




Opportunities and threats



TRUE
Annual objectives