11. Which management function includes
breaking tasks into jobs,
combining jobs to form departments and
delegating authority?
Motivating
Staffing
Organizing
Planning
12. All of the following statements are
true about a firm’s mission
statement EXPECT:
A mission statement does not directly
contribute positively to
financial performance.
A
mission statement directly contributes positively to financial
performance.
A mission statement should not provide
useful criteria for selecting
among alternative strategies.
13. Primary reason to develop a mission
statement is not to attract
the customers
A firm should practice Joint Venture
strategy in which of the
following cases?
When the SPACE matrix vector lies in
defensive quadrant
When the SPACE matrix vector lies in
aggressive quadrant
When the SPACE matrix vector lies in
conservative quadrant
When
the SPACE matrix vector lies in competitive quadrant
Assessment of competitive rivalry does
NOT include an
understanding of which of the following?
Mergers and acquisition in industry
Market growth rates
Exit barriers and operational efficiency
of competitor
The management structure of an
organization
What is the range for a firm’s total
weighted score in an
External Factor Evaluation Matrix?
0 to 5
0 to 4
1 to 5
1 to
4
total weighted score for the organization,
Highest possible
weighted score for the organization is 4.0;
the lowest, 1.0. Average
= 2.5
All of the following would be
considered as opportunities for a
business, EXCEPT:
Select correct option:
Removal of international trade barriers
Emergence of unfulfilled customer need
Emergence
of substitute products
Loosening of regulations
A firm’s division with a high relative
market share position in a
low-growth industry can be referred to
which of the following
category?
Select correct option:
Star
Cash
cow
Question mark
Dog
SPACE matrix stands for:
Select correct option:
Strategic
position and action evaluation matrix
Strategic power and commerce evaluation
matrix
Strategy performance and activity
evaluation matrix
Strategy position and competitiveness
evaluation matrix
1. TOWS Matrix (Threats-Opportunities-Weaknesses-Strengths)
2. SPACE Matrix (Strategic Position and
Action Evaluation)
3. BCG Matrix (Boston Consulting Group)
4. IE Matrix (Internal and external)5. GS
Matrix (Grand Strategy)
Long-term objectives are needed at
which level(s) of the
organization?
Select correct option:
Corporate level
Divisional level
Functional level
All
of the given options
Long term objectives are needed at the
corporate, divisional and
functional levels of an organization.
Strategy formulation techniques can be
integrated into how
many stages of decision making framework?
Select correct option:
Two
Three
Four
Five
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