Chapter No 7 :Strategic Management (25 MCQ`S)

  1. The Set of Managerial Decisions and actions that determines the long-run performance of an organization are known as……………………………….
    1. Management
    2. Strategic Management
    3. Planning
    4. Leading
    5. Show Answer
      Answer: B
      Explanation:
      • Strategic Management is long term planning and represents management decision in long run performance
  2. What is out Reason being in this business, the known as ……………….
    1. Vision of Organizations
    2. Mission Statement
    3. Strategic Management
    4. None of these
    5. Show Answer
      Answer: B
      Explanation:
      • Mission statement present the cause why we are in this business.
  3. Positive trends in external enviroment factor are treated as…………
    1. Threats
    2. Opportunities
    3. Strength of Organization
    4. Weakness of Orgnization
    5. Show Answer
      Answer: B
      Explanation:
      • Positive Environment create opportunities if it relates to external environment,,, if it is in internal environment, it becomes strength of the organization.
  4. Negative trends in external enviroment factor are treated as…………
    1. Threats
    2. Opportunities
    3. Strength of Organization
    4. Weakness of Orgnization
    5. Show Answer
      Answer: A
      Explanation:
      • Negative Environment create Threats if it relates to external environment,,, if it is in internal environment, it becomes Weakness of the organization.
  5. The major value creating skills, capabilities and resources that determine its competitive weapons of the organization is known as ………………..
    1. Strength
    2. Opportunities
    3. Core Values of the Organization
    4. None of these
    5. Show Answer
      Answer: C
      Explanation:
      • Core values of the organization are the organization's major capabilities, values and resources
  6. Any activity that an organization does well or any uniques resource which an organization have is known as ……………………..
    1. Strength
    2. Opportunities
    3. Core Values of the Organization
    4. None of these
    5. Show Answer
      Answer: A
      Explanation:
      • Uniqueness or any activity in which an organization have uniqueness or it does well becomes the strength of the organization
  7. Any activity that an organization does not well or resources it needs but does not process is known as ………………… of the organization.
    1. Threats
    2. Opportunities
    3. Strength of Organization
    4. Weakness of Orgnization
    5. Show Answer
      Answer: D
      Explanation:
      • Weakness of the organization is internal factor that an organization cannot do or does not process it.
  8. An Analysis of internal factors (Strength & Weakness) and External Factors (Opportunities and Threats) of the organization is known as …………………….. Analysis.
    1. Organizational Analysis
    2. External Enviroment Analysis
    3. Internal Environment Analysis
    4. SWOT analysis
    5. Show Answer
      Answer: D
      Explanation:
      • Strength, weakness, opportunities and Threats analysis is known as SWOT analysis.
  9. Strategy seeks to determine what businesses a company should be in or want to be in is known as………………………………..
    1. Stability Strategy
    2. Growth Strategy
    3. Corporate Level Strategy
    4. Retrenchment Strategy
    5. Show Answer
      Answer: C
      Explanation:
      • Corporate level strategy will determine in which busniess organization needs to be in or not to be in.
  10. There are ……………….. Level of strategies.
    1. 2
    2. 3
    3. 4
    4. 5
    5. Show Answer
      Answer: B
      Explanation:
      • There are three level of strategies, corporate level, business level and functional level

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