- 1. The first task to be done in Wheelen and Hunger Model is ____?
A) Setting strategic objectives B) Environmental Scanning C) Developing mission statement
- 2. _____ tell the results to accomplish by when?
A) Strategies B) Objectives C) Mission
- 3. Just like humans has s has its beginning and end.
A) False B) Sometimes C) True
- 4. Service cycle is also called____?
A) S-Curve B) Learning curve C) Industry life cycle
- 5. The popularization of ____ poses as the biggest threat to business competition.
A) e-Commerce B) Cyber business C) Business technology
- 6. Theory of the firm is also referred to as ____?
A) Market Structure B) Triggering event C) Strategic inflection point
- 7. According to Bitter and Pierson ____ is an agent of change.
A) Technology B) Plans C) Strategy
- 8. The theory of the experience curve is also referred to as___?
A) S-curve B) Learning curve C) Life cycle
- 9. The sequence of steps to do the job.
A) Policies B) None of these C) Procedure
- 10. Thompson and Strickland model have____ specific task?
A) 4 B) 5 C) 6
- 11. A theory holds that organization can adapt to changing conditions by imitating other successful organization.
A) Contingency theory B) Institution theory C) Chamberlin theory
- 12. With the advent of e-commerce, the business world becomes borderless.
A) Perhaps B) True C) False
- 13. The plan to achieve the mission and objectives.
A) Policies B) Strategies C) Programs
- 14. Back in_____ Strategic management was never heard
A) 1961 B) 1971 C) 1960
- 15. Market structure is also referred to as _____?
A) Resource based theory B) Theory of the firm C) Institution theory
- 16. The only thing that is constant in this world is ____?
A) Management B) Strategy C) Change
- 17. As a strategy monopolistic firms lower prices in an effort to increase revenue.
A) True B) Sometimes C) False
- 18. A market structure characterized by many producers or sellers of a homogenous products.
A) Oligopolistic competition B) Perfect 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) Evolution theory B) Resource based theory C) Institution 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) Crosby B) Groove C) Wheelen
- 23. Business players in the cyberspace are also physically visible just like in the traditional brick -and mortar era.
A) Trru B) False C) Always
- 24. The use of internet in doing business resulted to the so called____?
A) cyber business B) online 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) Chamberlin theory B) Contingency theory C) Institution theory
- 26. The theory of economics or diseconomies of scale is similar to ____?
A) Experience curve B) S curve C) Learning 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) Expand B) Extend C) Enhance
- 30. ____ spouse the theory that for a business to be on going and profitable it has to adapt to market changes.
A) Charles Darwin B) Pitts and Lee C) Andy Groove
- 31. Retrenchment means _____?
A) Promoting B) Downsizing C) Retaining
- 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) Exit B) Extend C) Enhance
- 34. _____ means to prolong the business by going beyond its new current business.
A) Exit B) Expand C) Extend
- 35. All except____ are features of e-business.
A) need a staff to manage B) no show room C) online ordering scheme
- 36. ____ serves as the core of unifying factor in the over all strategic direction of the entire business.
A) Parent company B) Holding firm C) Conglomerate
- 37. The lead organization that influences other small business organization.
A) Parent company B) Holding firm C) Subsidiaries
- 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) DTI B) SEC C) BRW
- 41. An undesired act of folding up/shutting down non-profitable business units to control further loss.
A) Business Reorganization B) Business closure C) Business disposal
- 42. Strategy and tactics are the same.
A) False B) True C) Perhaps
- 43. A strategy that refers to adding product/services with the context of the company's existing business
A) Enhance B) Expand C) Extend
- 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) External triggering event B) Internal triggering event C) 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) Wright & Kroll C) Williamson & Jenkins
- 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) Before operation C) During operation
- 49. A plan to attain the outcome consistent with the organizations mission and goals.
A) Plan B) Strategy C) Policies
- 50. Strategy as a management game plan aims to achieve the following except_____?
A) Attract & please customers B) Attract competitors C) Compete successfully
- 51. When the company does not change any of its current activities it means it is ____?
A) Stable B) Growing C) At the peak
- 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 Restructuring B) Business Acquisition C) Business Reorganization
- 54. ____ is the unloading of some subsidiaries and affiliates deemed less profitable.
A) Business closure B) Business Reorganization C) Business disposal
- 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) Consolidating B) Restructuring C) All of these
- 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) False B) True C) Never
- 59. In business, decision making is a daily if not all the time task or duty.
A) Perhaps B) False C) True
- 60. Strategic management is considered as a _____ process?
A) Crucial B) Long range C) Continuous
- 61. ____ means asking what is missing in the existing policy that may have been missed resulting to non-achievement of objectives.
A) Policy Strategy profile B) Performance C) Gap Analysis
- 62. A set or rules that guides the decisions and actions of the members of the organization.
A) Business Strategy B) Business Plans C) Business policy
- 63. "Stratego" as a Greek word refers to ____?
A) Captain B) Major C) General
- 64. The first step in the formulation of strategy is _____?
A) Business Planning B) Environmental Scanning 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) Objectives B) Vision C) Mission
- 68. Whose model identified a series of six tasks?
A) F.R David B) Rayport & Jaworsky C) Thompson & Strickland
- 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) unrelated B) related C) indirect
- 71. Conglomerate is also known as ____ diversification?
A) Indirect B) Unrelated C) Direct
- 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) Acquisition B) Franchising 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) Bringing closer C) Channeling
- 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) Management Contract B) Greenfield development C) Turnkey operation
- 79. This scheme allows combining resources to pursue a business by sharing the proceeds as agreed upon.
A) Franchising B) Management contract C) Production sharing
- 80. Refers to the de-integration of certain business activities narrowing the scope of the firms operation.
A) Outsourcing B) Joint venture C) Turnkey operation
- 81. Withdrawal of investment or by selling shares.
A) Liquidation B) Divestiture C) Pause
- 82. This means converting to cash whatever is left out of the losing business venture.
A) Liquidation B) Dissolution C) Bankruptcy
- 83. What is the shortcoming of Rayport and Jaworski model?
A) Absence of a system of feedback B) No environmental scanning C) No mission & vision
- 84. A sort of time out strategy
A) Consolidation B) No Change C) Pause
- 85. The model that resembles that of Wheelen and Hunger which considers the importance of environment analysis before mission.
A) F.R. David B) Pitts-Lee C) Hybrid
- 86. Reduce the company"s level of current activities.
A) Stability B) Growth C) Retrenchment
- 87. Strategic plan is a product of a ____?
A) Procedure B) Process C) Policies
- 88. To retrench means_____?
A) Down-sizing B) All of these C) Trimming
- 89. A strategy that involves giving up management of the firm to the court.
A) Liquidation B) Bankruptcy C) Sell-out
- 90. Form of strategy where it involves a decision to do nothing.
A) No change B) Profit strategy C) Pause
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