vu mgt603 Final Term - Quiz No.7
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: When an industry relies heavily on government contracts, which of the following is important for the firm to foresee as a part of its external audit?
Economic forces
Political forces
Technological forces
Competitive forces
Question 2: Which of the following statement is NOT true about Employee stock ownership plan?
These corporations are owned in whole or in part by their employees
Their employees can buy shares at any time or after a certain length of employment
Their shares are traded on public stock market
The profits of these corporations are shared with their employees
Question 3: Financial benefits of strategic management include all of the following EXCEPT:
Progression in profitability
Improvement in employee productivity
Expansion in the sales of business
Enhancement in productivity
Question 4: Which term is preferable to be incorporated into written objective statements?
Maximize profits
Minimize loss
10% increased production
Adequate capacity
Question 5: All of the following are examples of marketing decisions that require policies EXCEPT:
To be a market leader or follower
Whether to advertise online or not
Either to offer a complete or limited warranty
To use billboards for outdoor advertising
Question 6: Which one of the following area can be the weakness of a firm?
Changing lifestyle
High oil prices
Ineffective Marketing
Increasing pollution
Question 7: Strategic management integrates all of the following areas EXCEPT:
Management
Marketing
Research and development
Human resource management
Question 9: External assessment is performed in which of the strategic management phase?
Strategy formulation stage
Strategy implementation stage
Strategy evaluation stage
All of the given options
Question 10: Which of the following immediately precedes the decision regarding organizational structure?
External environment analysis
Internal environment analysis
Strategy formulation
Mission statement formulation
