MCQ – STRATEGIC MANAGEMENT

MULTIPLE CHOICE QUESTION FOR CMA INTERMEDIATE GROUP SECOND (MCQ – STRATEGIC MANAGEMENT)

  1. Which one of the following does NOT seem to be an advantage of the strategic management?
    A.    Discharges board responsibility
    B.    Provides a framework for decision-making
    C.    Forces an objective assessment
    D.    It can be expensive

2. Which of the following analyses ‘products and businesses by market share and market growth’?
A.    SWOT Analysis
B.   BCG Matrix
C.   PEST Analysis
D.   Portfolio Analysis

3.    Which one of the following is NOT part of the McKinsey’s 7-S framework?
A.   Skills
B.    Staff
C.   Systems
D.   Supervision

4.    Which one of the following statement is NOT correct?
A.   Vision is the statement of the future.
B.    The corporate mission is the purpose or reason for its existence.
C.   Targets are formed from vision and mission statement of organizations.
D.   Goals are objectives that are scheduled for attainment during planned period.

5.    Which of the following can NOT be the called as a strength of an organization?
A.   Good Industrial relations
B.   Incentives from State Government
C.   Financially very sound
D.   Raw materials source at a distance

6.    Strategic Business Unit (SBU) structure does NOT experience one of the following as an advantage:
A.    Higher career development opportunities
B.    Better control of categories of products manufacturing, marketing and distributions
C.    High cost approach
D.    Help in expanding in different related and unrelated businesses Answer

7.     For an entrepreneur
A.    mission is before the vision
B.    vision is before the mission
C.    both are developed simultaneously
D.    profitability is most crucial      

8.     The managerial task of implementing strategy primarily falls upon the shoulders of
A.    the Chief Executive Officer (CEO).
B.     all managers, each attending to what needs to be done in their respective areas of authority and responsibility.
C.    first line supervisors, who have day-to-day responsibility for seeing that key activities are done properly.
D.    All of the above

9.     Marketing Research Studies are undertaken:
A.    to understand product-price relationships.
B.     to measure brand loyalty of a class of consumers.
C.    to predict market potential of a product on a future date.
D.    All of the above

10.     Business Process Re-engineering (BPR) is applicable to a company that satisfies the following criteria:
A.     Minimum Number of employees: say, 20 (at least 4 in management positions).
B.     Strong management commitment to new ways of working and innovation.
C.    Well-formed IT infrastructure.
D.    All of the above

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Please click on following link for MCQ Cost Accounting
https://cmaindiagroup.com/mcq-group-1-cost-accounting/

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