MGT603 Quiz

Question # 1 of 15 ( Start time: 02:15:22 AM ) Total Marks: 1
Which of the following environment includes all those factors which affect the organization and itself affected by the organization?
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External environment
Social environment
Task env

Question # 2 of 15 ( Start time: 02:16:49 AM ) Total Marks: 1
Of the following, which one would NOT be considered one of the components of a mission statement?
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The target market for XYZ is oil and gas producers as well as producers of chemicals
XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers
The customers of XYZ shall

Question # 3 of 15 ( Start time: 02:17:55 AM ) Total Marks: 1
Which of the following can be the weakness of an organization?
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Price war
Poor location

Question # 3 of 15 ( Start time: 02:17:55 AM ) Total Marks: 1
Which of the following can be the weakness of an organization?
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Price war
Poor location of business

Question # 4 of 15 ( Start time: 02:19:19 AM ) Total Marks: 1
Which of the following statement applies to Vision Statement?
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Describes the purpose of existence of an organization
Identify the customers of the organization

Question # 5 of 15 ( Start time: 02:20:17 AM ) Total Marks: 1
Which of the following is NOT included in the strategic management model?
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Measure and evaluate performance.
Perform internal research to identify customers.

Question # 6 of 15 ( Start time: 02:21:51 AM ) Total Marks: 1
Which of the following statements is NOT correct about a mission statement?
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It contains the definition of the company's business
It is called the picture

Question # 7 of 15 ( Start time: 02:22:35 AM ) Total Marks: 1
Which one of the followings best describes this statement; “The conditions that a company must satisfy in order to be able to enter an industry”?
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Economies of scale
Barriers to entry

Question # 8 of 15 ( Start time: 02:24:05 AM ) Total Marks: 1
Non-financial benefits of strategic management includes all of the following EXCEPT:
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Better awareness of external threats
Enhanced

Question # 9 of 15 ( Start time: 02:24:50 AM ) Total Marks: 1
External assessment is performed in which of the strategic management phase?
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Strategy formulation stage

Question # 10 of 15 ( Start time: 02:26:25 AM ) 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

Question # 11 of 15 ( Start time: 02:27:48 AM ) Total Marks: 1
Assessment of competitive rivalry does NOT include an understanding of which of the following?
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Mergers and acquisition in industry
Market growth rates

Question # 12 of 15 ( Start time: 02:29:08 AM ) Total Marks: 1
The organizations that conduct business operations across national borders are known as which of the following?
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Domestic firms
Multinational corporations
Parent companies
Franchises

Question # 13 of 15 ( Start time: 02:30:33 AM ) Total Marks: 1
The social factors that affect a firm involve all of the following EXCEPT:
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Question # 14 of 15 ( Start time: 02:31:54 AM ) Total Marks: 1
“A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?
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Organization’s philosophy
Customer orientation
Social policy
Declaration of attitude

Question # 15 of 15 ( Start time: 02:32:47 AM ) Total Marks: 1
During which stage of strategic management, firm’s specific internal strengths and weaknesses are determined?
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Formulation
Implementation
Evaluation
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