.
96. Which of the following is defined as
having alternative plans that can be
put into effect if certain key events do not
occur as expected?
► Corporate agility
► Scenario planning
► Forecasting
► Contingency planning p; 155
FINALTERM EXAMINATION
Spring 2010 (PAPER 3)
MGT603- Strategic Management
97. Strategist is an individual who is involved in the strategic management
process,
thus may be known as:
► Member board of director
► President
► Division manager s
► All of the given options
Ref: Strategists have various job
titles, such as chief executive officer, president,
and owner, chair of the board, executive director, chancellor,
dean, or
entrepreneur.
98. The objectives set by a manager should have which of the following
characteristics?
► Should spell out how fast the company's strategy is to be
implemented
► Should be challenging and congruent among
organizational units
► Should include long-range performance targets but not
short-range targets
► Should include financial performance targets but not strategic
performance
targets
. Ref: Objectives should be
quantitative, measurable, realistic, understandable,
challenging, hierarchical, obtainable, and congruent among
organizational units.
99. Which of the following is TRUE about anti-trust legislation?
► The is the law intended to protect the ozone layer in the
environment
► This is the law intended to regulate the tax rates in the
economy
► This is the law intended to promote free competition in the market
► This is the law intended to regulate and register the patents
Ref: anti trust legislation where there is an effort to ban the
monopolies. Some
organizations think that monopolies should be banned.
100. Financial ratios are helpful in analyzing the
relationship between/among
which
of the following?
► All assets and liabilities
► Profits and costs
► All functional areas of business
► Sales and profitability
Ref: Financial ratio analysis
exemplifies the complexity of relationships among the
functional areas of business. A declining return on investment or
profit margin
ratio could be the result of ineffective marketing, poor management
policies,
101. Which function of management includes areas such as job
design, job
specification,
job analysis and unity of command?
► Planning
► Motivating
► Organizing
► Leading
Ref: Organizing includes all those managerial activities that
result in a structure
of task and authority relationships. Specific areas include
organizational design,
job specialization, job descriptions, job specifications, span of
the control, unity of
command, coordination, job design, and job analysis.
102. “Max Rent-a-Car” is opening car rental shops in Wal-Mart
stores, is an
example
of which type of strategy?
► Forward integration
► Backward integration
► Related diversification
► Unrelated diversification
Ref: Forward integration strategy refers to the transactions
between the
customers and firm forward integration strategy primarily to gain
better control
over prices charged to consumers.
103. _______________ refers to a strategy of
seeking ownership or increased
control over a firm’s competitors.
► Conglomerate diversification
► Backward integration
► Horizontal integration
► Concentric diversification
Ref: Horizontal integration refers to a strategy of seeking ownership of or
increased control over a firm's competitors.
104. The company acquires or develops new
products that could appeal to its
current customer groups even though those new
products may be
technologically unrelated to the existing
product lines. Which of the following
best describes the statement?
► Retrenchment
► Horizontal diversification
► Market development
► Horizontal integration
Ref: Horizontal Diversification: Adding new, unrelated products or
services for
present customers.
105. SPACE matrix has four quadrants. All of
the following are SPACE Matrix
quadrants EXCEPT:
► Aggressive
► Defensive
► Competitive
► Offensive
Ref: contains four-quadrant named aggressive, conservative,
defensive, or
competitive strategies.
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