Question 1

50. Top-management team members and CEOs who have long tenure have _______
influence on board decisions.

Response: c. a lot of

Correct answer: c. a lot of

Score: 1 out of 1

Yes

Question 2
34. Which of the following is not an advantage of strategic management?

Response: b. It helps improve the political, economic, social and technological

Correct answer: b. It helps improve the political, economic, social and technological
environment of the organisation

Score: 1 out of 1

Yes

Question 3
24. Providing value to customers and gaining competitive advantage by exploiting core
competencies in individual product markets

Response: b. Corporate-level strategy

Correct answer: a. Business-level strategy

Score: 0 out of 1

No

Question 4
28. Strategic competitiveness is improved when the level of diversification is
appropriate for the level of available resources.
Response: a. True

Correct answer: a. True

Score: 1 out of 1

Yes

Question 5
26. Market power exists when a firm can:

Response: b. reduce the costs of its primary and support activities below the
competitive level.

Correct answer: c. All of the above

Score: 0 out of 1

No

Question 6
40. A strategy is a company’s

Response: b. Pricing policy

Correct answer: c. Game Plan to outsmart competitor

Score: 0 out of 1

No

Question 7
30. A capability that another firm cannot easily develop would be classified as...

Response: c. valuable

Correct answer: d. non-substitutable.

Score: 0 out of 1

No

Question 8
31. Value is created from economies of scope through:

Response: e. Only B

Correct answer: c. All of the above

Score: 0 out of 1

No

Question 9
43. Strategic management process activate in the sequence of_______

Response: c. Environmental scanning, Strategy Implementation, formulation, control

Correct answer: a. Environmental scanning, Strategy formulation, Implementation,

Score: 0 out of 1

No

Question 10
22. Value chain’s support activities includes all EXCEPT:

Response: a. Firm infrastructure and procurement

Correct answer: d. Competitors

Score: 0 out of 1

No

Question 11
48. _______ is the ability to anticipate, envision, maintain flexibility, and empower
others to create strategic change as necessary.

Response: e. Ethical relativism

Correct answer: b. Strategic leadership

Score: 0 out of 1
No

Question 12
14. A strategy through which the firm sells its goods or services outside its domestic
market.

Response: b. Business strategy

Correct answer: a. International strategy

Score: 0 out of 1

No

Question 13
5. Concerned with examining the fit between what the firm might do (opportunities in its
external environment) what the firm can do (competitive advantages).

Response: b. Organizational controls

Correct answer: a. Strategic controls

Score: 0 out of 1

No

Question 14
12. International business strategy explore resources and capabilities by:

Response: c. Transnational strategy

Correct answer: d. All of the above

Score: 0 out of 1

No

Question 15
16. The following are determinants of national advantage except.:

Response: d. Political factor

Score: 1 out of 1

Yes

Question 16
20. A company is in essence a collection of activities that are performed to design,
produce, market, deliver and support its product (or service). It’s goal is to produce the
products in such a way that they have a greater value (to customers) than the original
cost of creating these products.

Response: b. Only the first sentence is true

Correct answer: a. Both sentences are true

Score: 0 out of 1

No

Question 17
41. Strategic issues require which level of management decisions?

Response: a. Operative

Correct answer: b. Top

Score: 0 out of 1

No

Question 18
37. The three organizational levels are:

Response: b. corporate level, business unit level, functional level

Correct answer: a. corporate level, business level, functional level

Score: 0 out of 1

No

Question 19
19. An environment which is increasingly complex and turbulent displays:

Response: b. A reduced risk of product obsolescence

Correct answer: d. Increased speed of innovation

Score: 0 out of 1

No

Question 20
8. Allows firm to offer standardized products across country markets.

Response: d. Strategic network

Correct answer: b. Global strategy

Score: 0 out of 1

No

Question 21
49. A _______ is composed of the key managers who are responsible for selecting and
implementing the organization's strategies.

Response: b. top management team

Correct answer: b. top management team

Score: 1 out of 1

Yes

Question 22
35. Which of the following defines what business or businesses the firm is in or should
be in?

Response: b. Corporate strategy

Correct answer: b. Corporate strategy

Score: 1 out of 1
Yes

Question 23
4. the opportunity to explore competitive possibilities, the allocation of resources to
activities that shape needed competitive advantages.

Response: a. Stability and flexibility

Correct answer: c. Structural flexibility

Score: 0 out of 1

No

Question 24
29. Is an integrated and coordinated set of commitments and actions designed to
exploit core competencies and gain a competitive advantage.

Response: b. Policy

Correct answer: a. Strategy

Score: 0 out of 1

No

Question 25
27. Value creation is determined more by appropriate use of resources than by
incentives to diversify.

Response: a. True

Correct answer: a. True

Score: 1 out of 1

Yes

Question 26
46. When an industry relies heavily on government contracts, which forecasts can be
the most important part of an external audit.
Response: e. Multinational

Correct answer: b. political

Score: 0 out of 1

No

Question 27
7. Three basic structure types includes all EXCEPT:

Response: b. Functional structure

Correct answer: d. Multisectoral structure

Score: 0 out of 1

No

Question 28
11. The following are the basic benefits of international strategy except.:

Response: a. Increased market size

Correct answer: d. Enhanced innovation

Score: 0 out of 1

No

Question 29
32. A firm may reduce level of technological change by operating in more certain
environments.

Response: b. Uncertain future cash flow

Correct answer: c. Synergy and firm risk reduction

Score: 0 out of 1

No

Question 30
42. Which of these basic questions should a vision statement answer?

Response: b. Who are our employees?

Correct answer: d. What do we want to become?

Score: 0 out of 1

No

Question 31
6. Its objective criteria includes, Accounting-based measures, Return on investment,
Return on assets, Market-based measures.

Response: a. Strategic controls

Correct answer: c. Financial controls

Score: 0 out of 1

No

Question 32
17. Strategy and operating decisions are decentralized to strategic business units
(SBU) in each country.

Response: b. Global strategy

Correct answer: a. Multi-domestic strategy

Score: 0 out of 1

No

Question 33
33. The primary focus of strategic management is:

Response: c. strategy formulation

Correct answer: b. the total organisation

Score: 0 out of 1
No

Question 34
45. What are the means by which long-term objectives will be achieved?

Response: a. Strategies.

Correct answer: a. Strategies.

Score: 1 out of 1

Yes

Question 35
13. The strategic competitive outcomes of international strategy:

Response: d. Both A and B

Correct answer: d. Both A and B

Score: 1 out of 1

Yes

Question 36
44. Strategic decisions are based on what managers_____________, rather than on
what they__________.

Response: d. Compromise with; analyze

Correct answer: c. Forecast; know

Score: 0 out of 1

No

Question 37
36. Which of the following defines how each individual business unit will attempt to
achieve its mission?

Response: b. Corporate strategy

Score: 0 out of 1

No

Question 38
25. Value is created from economies of scope through:

Response: b. corporate relatedness in transferring skills or corporate core

Correct answer: c. All of the above

Score: 0 out of 1

No

Question 39
23. Concerned with wide range of support systems and functions such as finance,
planning, quality control and general senior management

Response: c. Firm infrastructure

Correct answer: c. Firm infrastructure

Score: 1 out of 1

Yes

Question 40
21. The following are the value chain primary activities EXCEPT:

Response: d. Margins

Correct answer: d. Margins

Score: 1 out of 1

Yes

Question 41
39. Strategic management involves the_______, directing, _______ and controlling of a
company’s strategy-related decisions and actions.

Response: d. Marketing; planning

Correct answer: c. Planning; organizing

Score: 0 out of 1

No

Question 42
10. A common form of cooperative strategy used to facilitate product and market
diversification.

Response: c. Marketing alliances

Correct answer: a. Franchising

Score: 0 out of 1

No

Question 43
3. the capacity required to consistently and predictably manage daily work routines.

Response: d. Firm strategy

Correct answer: b. Structural ability

Score: 0 out of 1

No

Question 44
1. the firm’s formal reporting relationships, procedures, controls, and authority and
decision-making processes

Response: b. Firm strategy

Correct answer: a. Organizational structure

Score: 0 out of 1
No

Question 45
38. Which group would be classified as a stakeholder?

Response: e. All of these

Correct answer: e. All of these

Score: 1 out of 1

Yes

Question 46
18. Strategy involves which of the following:

Response: b. Determining the long-term direction of the organization, incorrect

Correct answer: d. All of the above

Score: 0 out of 1

No

Question 47
47. Which individuals are most responsible for the success and failure of an
organization?

Response: a. Strategists

Correct answer: a. Strategists

Score: 1 out of 1

Yes

Question 48
15. International strategy has the following incentives.

Response: a. New market expansion extends product life cycle

Correct answer: e. All of the above

No

Question 49
9. The following are strategic center firm primary tasks EXCEPT:

Response: c. Technology

Correct answer: e. Marketing alliances

Score: 0 out of 1

No

Question 50
2. Effective structures provide:

Response: d. Firm strategy

Correct answer: a. Stability and flexibility

Score: 0 out of 1

No