vu mgt603 Final Term - Quiz No.1
vu mgt603 Strategic Management Quiz
This quiz belongs to book/course code vu mgt603 Strategic Management of vu organization. We have 17 quizzes available related to the book/course Strategic Management. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: All of the specified approaches could be used to determine R&D budget allocation EXCEPT:
Financing as many projects as possible
Using percentage-of-sales method
Budgeting irrelative to competitors
Deciding how many successful new products are needed
Question 2: Identify the stages of strategic management process in a precise sequence.
Strategy evaluation, strategy formulation & strategy implementation
Strategy evaluation, strategy implementation & strategy formulation
Strategy formulation, strategy implementation & strategy evaluation
Strategy implementation, strategy evaluation & strategy formulation
Question 3: Integration strategies allow a firm to gain control over all of the following EXCEPT:
Distributors
Investors
Suppliers
Competitors
Question 4: Which of the following is the first step in the controlling function of management?
Take corrective actions
Restrict breaks employees take
Evaluate expense reports
Establish performance standards
Question 5: In IFE matrix, the total weighted score can range from 1.0 to 4.0 (low to high) with the average score being 2.5. If the total weighted score is above 2.5; it indicates that the firm is at:
Strong internal position
Weak internal position
Strong external position
Weak external position
Question 6: HTML stands for which of the following?
Hybrid text markup language
Hypertext Markup Language
Hyper text manufacture language
Highly technical markup language
Question 7: Long-term objectives are needed at which level(s) of the organization?
Corporate level
Divisional level
Functional level
All of the given
Question 8: Which one of the following answers the question, "what is our business"?
Vision statement
Mission statement
Income statement
None of the given
Question 9: Which of the following best describes this statement: "a Systematic and ethical process for gathering and analyzing information about the competition's activities and general business trends to further a business'own goals"?
External assessment
Industry analysis
Competitive intelligence program
Business ethics
Question 10: Which marketing function includes test marketing?
Selling products/services
Customer analysis
Product/service planning
Distributing
