- 1. The first task to be done in Wheelen and Hunger Model is ____?
A) Developing mission statement
B) Environmental Scanning
C) Setting strategic objectives
- 2. _____ tell the results to accomplish by when?
A) Mission
B) Strategies
C) Objectives
- 3. Just like humans has s has its beginning and end.
A) False
B) Sometimes
C) True
- 4. Service cycle is also called____?
A) Industry life cycle
B) S-Curve
C) Learning curve
- 5. The popularization of ____ poses as the biggest threat to business competition.
A) Cyber business
B) Business technology
C) e-Commerce
- 6. Theory of the firm is also referred to as ____?
A) Strategic inflection point
B) Market Structure
C) Triggering event
- 7. According to Bitter and Pierson ____ is an agent of change.
A) Technology
B) Strategy
C) Plans
- 8. The theory of the experience curve is also referred to as___?
A) Life cycle
B) S-curve
C) Learning curve
- 9. The sequence of steps to do the job.
A) Procedure
B) None of these
C) Policies
- 10. Thompson and Strickland model have____ specific task?
A) 5
B) 6
C) 4
- 11. A theory holds that organization can adapt to changing conditions by imitating other successful organization.
A) Institution theory
B) Chamberlin theory
C) Contingency theory
- 12. With the advent of e-commerce, the business world becomes borderless.
A) Perhaps
B) False
C) True
- 13. The plan to achieve the mission and objectives.
A) Programs
B) Policies
C) Strategies
- 14. Back in_____ Strategic management was never heard
A) 1961
B) 1960
C) 1971
- 15. Market structure is also referred to as _____?
A) Theory of the firm
B) Institution theory
C) Resource based theory
- 16. The only thing that is constant in this world is ____?
A) Strategy
B) Management
C) Change
- 17. As a strategy monopolistic firms lower prices in an effort to increase revenue.
A) True
B) False
C) Sometimes
- 18. A market structure characterized by many producers or sellers of a homogenous products.
A) Perfect competition
B) Oligopolistic competition
C) Monopolistic competition
- 19. Considered a branch of microeconomics that emphasizes the influence of industry environment upon the firm.
A) Contingency theory
B) Industrial organization theory
C) Evolution and revolution
- 20. A theory that is somehow similar to contingency theory____?
A) Institution theory
B) Resource based theory
C) Evolution theory
- 21. Change in ownership of a business will not result to a new set of strategy.
A) False
B) Maybe
C) True
- 22. Who coined the term Strategic Inflection Point?
A) Wheelen
B) Groove
C) Crosby
- 23. Business players in the cyberspace are also physically visible just like in the traditional brick -and mortar era.
A) False
B) Trru
C) Always
- 24. The use of internet in doing business resulted to the so called____?
A) online business
B) cyber business
C) e-commerce & e-business
- 25. A theory that has a premise that higher financial returns are associated with those firms that develops beneficial fit with the environment.
A) Institution theory
B) Contingency theory
C) Chamberlin theory
- 26. The theory of economics or diseconomies of scale is similar to ____?
A) Experience curve
B) Learning curve
C) S curve
- 27. A company that operates a wide variety of unrelated fields.
A) Corporation
B) Conglomerates
C) Subsidiaries
- 28. ____ are those partly capitalized or wholly owned by the mother or parent company.
A) Subsidiaries
B) Associates
C) Branches
- 29. An option of adding functionality/improving a product that is currently being offered.
A) Enhance
B) Expand
C) Extend
- 30. ____ spouse the theory that for a business to be on going and profitable it has to adapt to market changes.
A) Andy Groove
B) Pitts and Lee
C) Charles Darwin
- 31. Retrenchment means _____?
A) Promoting
B) Retaining
C) Downsizing
- 32. Business closure operationally means declaring ____?
A) Stoppage
B) Folding up
C) Bankruptcy
- 33. An option making a sacrifice b dropping some product lines and services of business units deemed uncompetitive/profitable.
A) Extend
B) Enhance
C) Exit
- 34. _____ means to prolong the business by going beyond its new current business.
A) Exit
B) Extend
C) Expand
- 35. All except____ are features of e-business.
A) need a staff to manage
B) online ordering scheme
C) no show room
- 36. ____ serves as the core of unifying factor in the over all strategic direction of the entire business.
A) Conglomerate
B) Holding firm
C) Parent company
- 37. The lead organization that influences other small business organization.
A) Holding firm
B) Subsidiaries
C) Parent company
- 38. The mother/parent company has to be concerned with the _____?
A) Budget
B) Plans and programs
C) Corporate strategy
- 39. Which of the following is the result of business reorganization?
A) Consolidation
B) All of these
C) Merging
- 40. Single Proprietorship businesses are registered with ______?
A) SEC
B) BRW
C) DTI
- 41. An undesired act of folding up/shutting down non-profitable business units to control further loss.
A) Business closure
B) Business disposal
C) Business Reorganization
- 42. Strategy and tactics are the same.
A) True
B) Perhaps
C) False
- 43. A strategy that refers to adding product/services with the context of the company's existing business
A) Enhance
B) Extend
C) Expand
- 44. ____ is seeing to it that the strategic business units plays within the industry of the economy it wants to dominate.
A) Shepherding
B) Mentoring
C) Coaching
- 45. _____ are situations and scenarios intervening the business organization on account of factors inherent to the firm.
A) Triggering event
B) Internal triggering event
C) External triggering event
- 46. ____ defined strategic management as a framework that evolves around the idea of shaping the destiny of the organization.
A) Stahl & Grigsby
B) Williamson & Jenkins
C) Wright & Kroll
- 47. As to detail, which is usually broad?
A) None of these
B) Strategy
C) Tactics
- 48. When do you formulate the strategy in business?
A) When the problem arises
B) During operation
C) Before operation
- 49. A plan to attain the outcome consistent with the organizations mission and goals.
A) Policies
B) Strategy
C) Plan
- 50. Strategy as a management game plan aims to achieve the following except_____?
A) Compete successfully
B) Attract competitors
C) Attract & please customers
- 51. When the company does not change any of its current activities it means it is ____?
A) Growing
B) At the peak
C) Stable
- 52. Do subsidiaries and affiliates formulates their own strategy at their level?
A) True
B) Sometimes
C) False
- 53. A growth strategy that in operation may take the form of acquisition or merger.
A) Business Reorganization
B) Business Restructuring
C) Business Acquisition
- 54. ____ is the unloading of some subsidiaries and affiliates deemed less profitable.
A) Business disposal
B) Business Reorganization
C) Business closure
- 55. Status quo comes in the form of pause or no change strategy as postulated by____?
A) Parnel
B) Wheelen & Hunger
C) Stahl & Grigsby
- 56. Business Reorganization may result in _____?
A) All of these
B) Restructuring
C) Consolidating
- 57. Initiatives in developing policies and strategies that comes from the higher management.
A) Top-bottom
B) None of these
C) Top-bottom-top
- 58. Is there any particular situation that policies and strategies collides resulting in dilemma.
A) True
B) Never
C) False
- 59. In business, decision making is a daily if not all the time task or duty.
A) False
B) True
C) Perhaps
- 60. Strategic management is considered as a _____ process?
A) Continuous
B) Long range
C) Crucial
- 61. ____ means asking what is missing in the existing policy that may have been missed resulting to non-achievement of objectives.
A) Performance
B) Gap Analysis
C) Policy Strategy profile
- 62. A set or rules that guides the decisions and actions of the members of the organization.
A) Business policy
B) Business Plans
C) Business Strategy
- 63. "Stratego" as a Greek word refers to ____?
A) General
B) Captain
C) Major
- 64. The first step in the formulation of strategy is _____?
A) Environmental Scanning
B) Business Planning
C) Market research
- 65. The final output of SWOT is the ____?
A) Operational Plan
B) Perspective Plan
C) Strategic Plan
- 66. Product life cycle is sometimes referred to as ____?
A) Experience Curve
B) S-Curve
C) Learning curve
- 67. The reason for existence.
A) Mission
B) Objectives
C) Vision
- 68. Whose model identified a series of six tasks?
A) Thompson & Strickland
B) Rayport & Jaworsky
C) F.R David
- 69. As categorized by Harrigan the____ integration is a short continuum.
A) Quasi-integration
B) Vertical integration
C) Forward vertical
- 70. Concentric is also known as ____ diversification.
A) indirect
B) related
C) unrelated
- 71. Conglomerate is also known as ____ diversification?
A) Unrelated
B) Direct
C) Indirect
- 72. Which component of vertical integration makes 100 percent of its key supplies and completely control its distributions.
A) Long term contract
B) Full integration
C) Taper integration
- 73. The PLDT who investedin, and eventually controlled the SMART Communication Inc. is an example of ____?
A) Horinzontal diversification
B) Concentric
C) Vertical diversification
- 74. The quick way to move into an international business arena by acquiring another company already operating in the area.
A) Franchising
B) Acquisition
C) Licensing
- 75. This scheme comes in the form of a contract of operating facility for a fee.
A) Turnkey operation
B) BOT
C) Greenfield development
- 76. Engaging in business is ____ between the raw materials and the consumers of the product.
A) Bridging the gap
B) Channeling
C) Bringing closer
- 77. The firm grants rights to another company to open a business using the firms business operation.
A) Franchising
B) Exporting
C) Licensing
- 78. An entry that refers to building its own manufacturing plant and distribution system.
A) Turnkey operation
B) Management Contract
C) Greenfield development
- 79. This scheme allows combining resources to pursue a business by sharing the proceeds as agreed upon.
A) Management contract
B) Production sharing
C) Franchising
- 80. Refers to the de-integration of certain business activities narrowing the scope of the firms operation.
A) Turnkey operation
B) Joint venture
C) Outsourcing
- 81. Withdrawal of investment or by selling shares.
A) Divestiture
B) Pause
C) Liquidation
- 82. This means converting to cash whatever is left out of the losing business venture.
A) Bankruptcy
B) Liquidation
C) Dissolution
- 83. What is the shortcoming of Rayport and Jaworski model?
A) No mission & vision
B) No environmental scanning
C) Absence of a system of feedback
- 84. A sort of time out strategy
A) No Change
B) Pause
C) Consolidation
- 85. The model that resembles that of Wheelen and Hunger which considers the importance of environment analysis before mission.
A) F.R. David
B) Hybrid
C) Pitts-Lee
- 86. Reduce the company"s level of current activities.
A) Stability
B) Growth
C) Retrenchment
- 87. Strategic plan is a product of a ____?
A) Process
B) Policies
C) Procedure
- 88. To retrench means_____?
A) Down-sizing
B) Trimming
C) All of these
- 89. A strategy that involves giving up management of the firm to the court.
A) Sell-out
B) Liquidation
C) Bankruptcy
- 90. Form of strategy where it involves a decision to do nothing.
A) Profit strategy
B) No change
C) Pause
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