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/ BWP CampusMBA 4 Years5th Semester-fallexam2020 / All Questions Should be Attempted within 180 minutes
/ (DMS-21502) Strategic Management

Question 1 The highest amount a firm can charge for its products is most directly affected by:
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expected retaliation from competitors
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customers' high switching costs

variable costs of production

the cost of substitute products

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Question 2 All of the following are forces that create high rivalry within an industry EXCEPT:
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high storage costs
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numerous or equally balanced competitors

high fixed costs

fast industry growth

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Question 3 As defined in the text, resources

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are easily identified
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are the source of the firm's capabilities

have two categories: generic and unique

are concrete sources of value

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Question 4 According to the comprehensive strategic-management model which step needs to be completed immediately following
Not yet the establishment of long-term objectives
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generating evaluating and selecting strategies

performing internal audits

performing external audits

developing vision and mission statements

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Question 5 Upper limits on the prices a firm can charge are impacted by:
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expected retaliation from competitors
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customers high switching costs

variable costs of production

the cost of substitute products

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Question 6 In developing a mission statement, arousing emotion:

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should be avoided if possible
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is the most important goal

is important.

is not a benefit

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Question 7 Trust in the government is an example of a(n) of force.

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cultural
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 economic

political

technological

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Question 8 In regard to its elderly workforce, Japan varies from the United States in that:
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 Japan does not have laws banning discrimination based on age
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Most Japanese workers retire before 60

Japanese citizens are required to retire at 60

A smaller percentage of Japan’s senior citizens work

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Question 9 Which of the following is not a typical strategic objective or benefit that drives mergers and acquisitions:
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To expand a company's geographic coverage
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To facilitate a company's shift from a broad differentiation strategy to a focused differentiation strategy

To create a more cost-efficient operation out of the combined companies

To gain quick access to new technologies or other resources and capabilities

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Question 10 The vision and mission statement can often be found:
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in annual reports
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on customer receipts

in the SEC report

on supplier invoices

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Question 11 In the process of developing a mission statement it is important to involve:

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as few managers as possible
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as many managers as possible

upper-level management only

lower-level management only

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Question 12 Business Week reports that firms using mission statements have percent higher return on certain financial measures than
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57

30

10

15

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Question 13 The largest category for online sales in the United States is:
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computers
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books

jewelry

travel

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Question 14 After a draft mission statement has been developed, it is important to:
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provide a request for modifications, additions and deletions to the mission statement
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vote on the mission statement

ask managers to prepare a mission statement for the organization

ask managers to read several articles about mission statements as background information

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Question 15 The general public is especially interested in , whereas stockholders are more interested in:
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social responsibility the treatment of employees
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environmental concerns social responsibility

social responsibility profitability

the treatment of employees environmental concerns

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Question 16 Good mission statements identify the ______ of a firm’s products to its customers.
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price
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profit margin

demand

utility

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Question 17 Which question(s) are answered in an effective mission statement:

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What technology will we employ to achieve our objectives
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All of the above

What is the purpose of our organization

What is our company philosophy or self-concept

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Question 18 Which statement should be created first and foremost:

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Strategic

Mission

 Vision

Objectives

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Question 19 What can be used to promote unbiased views and to manage the development of the mission statement more effectively:
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command-and-control
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an internal group

a facilitator

a committee of managers

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Question 20 Businesses are said to be "related" when
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Their value chains possess competitively valuable cross-business relationships
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They have several key suppliers and several key customers in common

Their products are both sold through retailers

Their value chains have the same number of primary activities

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Question 21 Which one of the following is NOT a Demographic Factor:

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Technology
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Ethnicity

Gender

Age

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Question 22 Which one of the following is not an important aspect of evaluating the merits of a diversified company's strategy:
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Determining which business units are cash cows and which ones are cash hogs and then evaluating how soon the
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company's cash hogs can be transformed into cash cows

all of above

Evaluating the strategic fits and resource fits among the various sister businesses

Assessing the competitive strength of each business the company has diversified

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Question 23 The difference between a "cash-cow" business and a "cash hog" business is that:
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A cash cow business generates positive retained earnings whereas a cash hog business produces negative retained
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earnings

A cash cow business generates enough profits to pay off long-term debt whereas a cash hog business does not

A cash cow business is making money whereas a cash hog business is losing money

A cash cow business produces large internal cash flows over and above what is needed to build and maintain the
business whereas the internal cash flows of a cash hog business are too small to fully fund its operating needs and
capital requirements

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Question 24  
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Which European country has the highest growth rate in consumer purchases over the internet:
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Greece

Sweden

Germany

United Kingdom

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Question 25 Which of the following is not a typical reason that many alliances prove unstable or break apart:
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The emergence of more attractive technological paths that are better pursued alone or with other partners
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An inability to work well together

Diverging objectives and priorities

Disagreement over how to divide the profits gained from joint collaboration

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◄ (DMS-21504) Strategic Human

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Resource Management