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Strategic Management MCQ Questions and Solutions with Explanations | Management

Strategic Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-5 section-4

Each section contains 100 MCQs on Strategic Management .
41
Job titles that refer to strategists include which of the following?
Discuss
Answer & Solution
Answer: Option D
Solution:
Job titles that refer to strategists include Owner, dean, president, and executive director. A job title can describe the responsibilities of the position, the level of the job, or both. For example, job titles that include the terms “executive,” “manager,” “director,” “chief,” “supervisor,” etc. are typically used for management jobs.
42
Relative deficiency or superiority is important information in performing which activity?
Discuss
Answer & Solution
Answer: Option C
Solution:
Relative deficiency or superiority is important information in performing Internal audit. Internal audits evaluate a company's internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.
43
How often should strategic-management activities be performed?
Discuss
Answer & Solution
Answer: Option D
Solution:
Continuously strategic-management activities should be performed. Strategic management is a continuous process that appraises the business and industries in which the organization is involved, its competitors; and fixes goals to meet all the present and future potential competitors and then reassesses each strategy.
44
Who is most responsible for developing, communicating, and enforcing the code of business ethics for a firm?
Discuss
Answer & Solution
Answer: Option A
Solution:
Strategists is most responsible for developing, communicating, and enforcing the code of business ethics for a firm. A strategist is someone who is skilled in planning the best way to gain an advantage or to achieve success.
45
Strategy-implementation activities include
Discuss
Answer & Solution
Answer: Option D
Solution:
Strategy-implementation activities include establishing annual objectives. The strategic plan addresses the what and why of activities, but implementation addresses the who, where, when, and how.
46
In a large organization, strategic management activities occur at what level(s)?
Discuss
Answer & Solution
Answer: Option B
Solution:
In a large organization, strategic management activities occur at Functional, business and corporate. Strategy formulation, implementation, and evaluation activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business unit, and functional.
47
Conducting research, integrating intuition with analysis, and making decisions are all __________ activities.
Discuss
Answer & Solution
Answer: Option A
Solution:
Conducting research, integrating intuition with analysis, and making decisions are all strategy-formulation activities. Strategy formulation is the process by which an organization chooses the most. appropriate courses of action to achieve its defined goals. This process is. essential to an organization's success, because it provides a framework for the. actions that will lead to the anticipated results.
48
Which of these questions is addressed by a mission statement?
Discuss
Answer & Solution
Answer: Option B
Solution:
What is our business? is addressed by a mission statement. A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.
49
Which of the following are the rules and regulations laid down by the organisation to help in the day-to-day working of the organisation?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
50
The following two statements are related industry attractiveness. Choose the given statements being correct or incorrect.
Statement I More profitabIe industry is, the less attractive it becomes.
Statement II It indicates the material competitive advantage that the SBU possesses over the other units.
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board