MGT603 QUIZ # 1

Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
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Propensity of people to spend

Buying habits

Level of disposable income

Income differences by region

Question # 2 of 10 Total Marks: 1
Which one of the following is NOT a basic mission of a competitive intelligence program?
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To provide a general understanding of an industry

To provide a general understanding of a company’s competitors

To identify industry executives who could be hired by the firm
To identify potential moves a competitor might make that would endanger a firm


Question # 3 of 10 Total Marks: 1
Which of the following statement is TRUE about a Vision statement of a company?
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It concentrate on future

It defines the customers

It identify critical processes

It informs about the desired level of performance

Question # 4 of 10 Total Marks: 1
Which of the following is NOT a characteristic of well-constructed goals?
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Address important issues

Easy to remember

Precise and measurable

Challenging but realistic


Question # 5 of 10 Total Marks: 1
Financial ratios are helpful in analyzing the relationship among which of the following?
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All assets and liabilities

Profits and costs

All functional areas of business

Sales and profitability


Question # 6 of 10 ( Total Marks: 1
Intuition is based on all of the following factors EXCEPT:
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Past experiences

Judgments

Uncertainties

Feelings

Question # 7 of 10 Total Marks: 1
Which one of the following dimensions is NOT a recommended component of a mission statement?
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Self-concept

Markets

Strategies

Customers

Question # 8 of 10 Total Marks: 1
Effective mission statements don’t have one of the following features:
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Generate range of feasible strategic alternatives

Reconcile interests among diverse stakeholders

What does the firm want to become
Provide criteria for selecting strategies

Which of the following are developed in strategy implementation phase of strategic management?
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Vision and mission

Annual objectives

Strengths and weaknesses

Opportunities and threats

Question # 10 of 10 Total Marks: 1
Which of the follwoing term represents the enduring statement of purpose that distinguish one business from other similar firms?
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Vision

Strategy

Mission

Tactics