Strategic Management MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5

51.
The purpose of a mission statement is to declare all of these except

A. a reason for being

B. an annual financial plan

C. a statement of purpose

D. a statement of beliefs

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52.
Which of the following is not a characteristic of the Internet?

A. Provides information

B. Facilitates communication

C. Provides competitive advantage

D. Enables electronic trading

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53.
As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.

A. long-term objective

B. short-term objective

C. policy

D. mission statement

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54.
Which one of the following criteria does not provide a means to assess strategic resources?

A. Sustainability

B. Scarcity

C. Inimtability

D. Synergy

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55.
Innovation and quality can be seen as which form of management?

A. Marketing management

B. Financial management

C. Operations management

D. Human resource management

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56.
The mission statement answers which question?

A. What is our business?

B. How can we improve ourselves?

C. What do we want to become?

D. Who are our stakeholders?

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57.
Which of the following is not one of the four key strategic elements linked to corporate objectives?

A. Competitive environment

B. Stakeholder expectations

C. Research and development

D. Organization structure

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58.
The vision statement answers which question?

A. What is our business?

B. How can we improve ourselves?

C. What do we want to become?

D. Who are our stakeholders?

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59.
In the process of developing a mission statement, it is important to involve

A. as few managers as possible

B. as many managers as possible

C. upper-level management only

D. lower-level management only

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60.
Information is defined by Lucas (1976) as

A. some tangible or intangible entity that creates certainty about a state or event

B. some tangible or intangible entity that reduces uncertainty about a state or event

C. some tangible or intangible entity that leads to understanding

D. some tangible or intangible entity that leads to knowledge

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Strategic Management MCQ Questions and Solutions with Explanations | Management

51. The purpose of a mission statement is to declare all of these except

Answer & Solution

52. Which of the following is not a characteristic of the Internet?

Answer & Solution

53. As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.

Answer & Solution

54. Which one of the following criteria does not provide a means to assess strategic resources?

Answer & Solution

55. Innovation and quality can be seen as which form of management?

Answer & Solution

56. The mission statement answers which question?

Answer & Solution

57. Which of the following is not one of the four key strategic elements linked to corporate objectives?

Answer & Solution

58. The vision statement answers which question?

Answer & Solution

59. In the process of developing a mission statement, it is important to involve

Answer & Solution

60. Information is defined by Lucas (1976) as

Answer & Solution

Read More Section(Strategic Management)

51.
The purpose of a mission statement is to declare all of these except

52.
Which of the following is not a characteristic of the Internet?

53.
As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.

54.
Which one of the following criteria does not provide a means to assess strategic resources?

55.
Innovation and quality can be seen as which form of management?

56.
The mission statement answers which question?

57.
Which of the following is not one of the four key strategic elements linked to corporate objectives?

58.
The vision statement answers which question?

59.
In the process of developing a mission statement, it is important to involve

60.
Information is defined by Lucas (1976) as