MGT603 solved Quizs with refrence

31. All of the following tasks are performed by R&D employees and managers

EXCEPT:

► Transferring complex technology

► Adapting processes to local markets

► Adjusting process to local raw materials

► Make sure the availability of resource

R&D employees and managers perform tasks that include

1. Transferring complex technology,

2. Adjusting processes to local raw materials,

3. Adapting processes to local markets,

4. Altering products to particular tastes and specifications.

32. Which one of the following is not a rivalry determinant of Porter’s model?

► Differentiation of inputs

► Industry growth

► Diversity of competitors

► Switching costs

Rivalry Determinants

· Industry growth

· Fixed (or storage) costs/value added

· Intermittent over capacity

· Product differences

· Brand identity

· Switching costs

· Concentration and balance

· Informational over complexity

· Diversity of competitors

· Corporate stakes

· Exit barriers

33. Which one of the following is NOT considered as a difficulty in evaluation

of strategies?

► Increase in environment’s complexity

► Difficulty predicting future with accuracy

► Decreasing number of variables

► Rate of obsolescence of plans

Difficulty in strategy evaluation –

1. Increase in environment’s complexity

2. Difficulty predicting future with accuracy

3. Increasing number of variables

4. Rate of obsolescence of plans

5. Domestic and global events

6. Decreasing time span for planning certainty

34. Strategy evaluation is based on which of the following?

► Quantitative and empirical criteria

► Empirical and qualitative criteria

► Qualitative and objective criteria

► Qualitative and quantitative criteria

Strategy evaluation is based on both quantitative and qualitative criteria

35. What is typical problem associated with using quantitative criteria for

evaluating strategies?

► Most qualitative criteria are geared to long-term objectives rather than annual

objectives

► Different accounting methods can provide different results on many

quantitative criteria

► Intuitive judgments are never involved in deriving quantitative criteria

► Qualitative data to be evaluated for measuring performance is often not

available

There are some potential problems associated with using quantitative criteria

for evaluating strategies.

1. First, most quantitative criteria are geared to annual objectives rather than

long-term objectives.

2. Different accounting methods can provide different results on many

quantitative criteria.

3. Intuitive judgments are almost always involved in deriving quantitative

criteria.

36. A good evaluation system must posses various qualities. Which of the

following is not a characteristic of a good strategy evaluation system?

► Strategy-evaluation activities must be economical

► Strategy-evaluation activities should be meaningful

► Strategy-evaluation activities should dominate the decisions

► Strategy-evaluation activities should provide timely information

Qualities of good evaluation system

Strategy-evaluation activities must be economical; too much information can be

just as bad as too little information; and too many controls can do more harm

than good.

Strategy-evaluation activities also should be meaningful; they should

specifically relate to a firm's objectives. They should provide managers with

useful information about tasks over which they have control and influence.

Strategy-evaluation activities should provide timely information; on occasion

and in some areas, managers may need information daily.

37. The product design, packaging, product disposal and corporate rewards

should reflect which of the following?

► Product quality consideration

► Union consideration

► Environmental consideration p; 156

► Customer consideration

38. 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

39. Which one of the following is a reason for NOT choosing profits in BCG

matrix than relative market share?

► It carries less information than just cash flow

► It shows where the brand is positioned against competitors

► It indicates where it might be likely to go in the future

► It shows what type of marketing activities to be performed

The reason for choosing relative market share, rather than just profits, is that

1. It carries more information than just cash flow.

2. It shows where the brand is positioned against its main competitors

3. Indicates where it might be likely to go in the future.

4. It can also show what type of marketing activities might be expected to be

effective.

40. “A desired future state that the organization attempts to realize”. Identify

the term relevant to the given statement.

► Goal M. File

► Strategy

► Policy

► Procedure