Management Policy MCQ PDF
https://quizplus.com/study-set/1452
12 Chapters
1260 Verified Questions
Management Policy
MCQ PDF
Cou
Management Policy is a capstone course that integrates knowledge from various
business disciplines to analyze and formulate organizational strategies. Emphasizing
real-world application, the course explores the processes of strategic planning, policy
development, and decision-making in complex environments. Students learn to assess
internal and external factors affecting an organization, evaluate competitive dynamics,
and align resources and policies with long-term objectives. Through case studies,
simulations, and group projects, the course develops critical thinking and leadership
skills necessary for effective strategic management in both domestic and global
contexts.
Recommended Textbook
Strategic Management and Business Policy 13th Edition by Thomas L. Wheelen
Available Study Resources on Quizplus
12 Chapters
1260 Verified Questions
1260 Flashcards
Source URL: https://quizplus.com/study-set/1452
Page 2
Chapter 1: Basic Concepts in Strategic Management
Available Study Resources on Quizplus for this Chatper
109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/28808
Sample Questions
Q1) Research done by Henry Mintzberg suggests that strategy formulation
A)is typically an irregular and a discontinuous process.
B)should be followed unswervingly to ensure success of the plan.
C)that organizations find they must make significant yearly changes.
D)should review after specific interval of time to make sure it is still applicable.
E)is merely a checklist of actions following a logical process.
Answer: A
Q2) The mode of strategy formulation used when top management has a reasonably
clear idea of the corporation's mission and objectives, but it chooses to develop a series
of tentative or partial strategies instead of developing full-blown strategies is called
A)planning mode.
B)logical incrementalism.
C)entrepreneurial mode.
D)adaptive mode.
E)strategic mode.
Answer: B
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Corporate Governance
Available Study Resources on Quizplus for this Chatper
97 Verified Questions
97 Flashcards
Source URL: https://quizplus.com/quiz/28812
Sample Questions
Q1) Approximately 70% of the top executives of the US publicly held corporations hold the
dual designation of chairman and CEO.
A)True
B)False
Answer: True
Q2) Which of the following regions is the most globalized region of the world in terms of
boards of directors with most companies having one or more non-national directors?
A)Asia
B)Middle East
C)North American
D)Pacific Rim
E)Europe
Answer: E
Q3) What are the responsibilities of the board of directors?
Answer: The five board of director responsibilities are setting corporate strategy, overall
direction, mission or vision; hiring and firing the CEO and top management; controlling,
monitoring, or supervising top management; reviewing and approving the use of
resources; and caring for shareholder interests.
To view all questions and flashcards with answers, click on the resource link above.
Page 4
Chapter 3: Ethics and Social Responsibility in Strategic
Management
Available Study Resources on Quizplus for this Chatper
97 Verified Questions
97 Flashcards
Source URL: https://quizplus.com/quiz/28813
Sample Questions
Q1) The first step in stakeholder analysis is to
A)identify primary stakeholders.
B)monitor what all the stakeholders want.
C)identify the stakeholders with an indirect stake in the corporation.
D)estimate the effect on each stakeholder group from any particular strategic decision.
E)identify the influence of each stakeholder group.
Answer: A
Q2) Which of the following is one of the most common reasons given by surveyed
executives for bending the rules to attain their objectives?
A)organizational performance required it
B)rules were ambiguous or out of date
C)everyone does it
D)pressure from others
E)all of the above
Answer: E
Q3) "Let the buyer beware" is a traditional saying in free market capitalism.
A)True
B)False
Answer: True
Page 5
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: Environmental Scanning and Industry Analysis
Available Study Resources on Quizplus for this Chatper
116 Verified Questions
116 Flashcards
Source URL: https://quizplus.com/quiz/28814
Sample Questions
Q1) What are the key environmental trends that are judged to have a medium to high
probability of occurrence and a medium to high probability of impact on the
corporation?
A)external strategic factors
B)scenarios
C)industry forces
D)strategic issues
E)historical concerns
Q2) The growing health consciousness is an example of a political-legal force.
A)True
B)False
Q3) Which of the following is NOT descriptive of the "threat of new entrants?"
A)Depends on the presence of entry barriers.
B)Have a desire to gain market share.
C)Depends on the reaction of existing competitors.
D)Does not impact industry attractiveness.
E)Brings new capacity and substantial resources.
Q4) NutraSweet can serve as a product substitute for sugar satisfying the same need.
A)True
B)False
To view all questions and flashcards with Page 6 click on the resource link above.
answers,
Chapter 5: Internal Scanning and Organizational Analysis
Available Study Resources on Quizplus for this Chatper
109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/28815
Sample Questions
Q1) The mix in the workplace of people from different races, cultures, and backgrounds is
referred to as
A)demographics.
B)human diversity.
C)quality of work life.
D)globalization.
E)internationalization.
Q2) A functional structure is appropriate for a medium sized firm with several product
lines in one industry.
A)True
B)False
Q3) When the value chains of two separate products or services share activities, such as
the same marketing channels, in order to reduce costs, this is an example of
A)economies of scope.
B)economies of scale.
C)economies of integration.
D)economies of learning.
E)outsourcing.
Q4) What is R & D intensity?
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Strategy Formulation: Situation Analysis and
Business Strategy
Available Study Resources on Quizplus for this Chatper
104 Verified Questions
104 Flashcards
Source URL: https://quizplus.com/quiz/28816
Sample Questions
Q1) Porter recommends that a division with tight cost control, frequent detailed control
reports, a well structured organization, and quantitatively-based incentives is required
for which of the following generic competitive strategies?
A)focus
B)differentiation
C)overall cost leadership
D)focus differentiation
E)concentration
Q2) A corporation's specific competitive role which is so well-suited to the firm's internal
and external environment that other corporations are NOT likely to challenge or dislodge
it.
A)propitious niche.
B)strategic fit
C)common thread
D)business screen
E)implicit strategy
Q3) Discuss offensive tactics and defensive tactics.
Q4) What are cooperative strategies?
Page 8 and a consolidated industry.
Q5) Discuss the difference between a fragmented
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: Strategy Formulation: Corporate Strategy
Available Study Resources on Quizplus for this Chatper
103 Verified Questions
103 Flashcards
Source URL: https://quizplus.com/quiz/28817
Sample Questions
Q1) Which of the following is NOT one of the limitations of portfolio analysis?
A)It contains value-laden terminology that can lead to self-fulfilling prophecies.
B)It is not easy to define product/market segments.
C)It relies too heavily on objective judgments.
D)It suggests the use of standard strategies which may be impractical or may miss
potential opportunities.
E)It provides an illusion of scientific rigor.
Q2) Which strategy is most appropriate for a company in an industry in which the future
is expected to continue as an extension of the present?
A)horizontal integration strategy
B)no change strategy
C)retrenchment strategy
D)pause/proceed with caution strategy
E)profit strategy
Q3) Discuss the two basic growth strategies.
Q4) What is portfolio analysis?
Q5) What are the three key issues that corporate strategy deals with?
Q6) Discuss the three general orientations comprising directional strategy?
To view all questions and flashcards with answers, click on the resource link above.
Page 9
Chapter 8: Strategy Formulation: Functional Strategy and
Strategic Choice
Available Study Resources on Quizplus for this Chatper
105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/28818
Sample Questions
Q1) When a company determines how and where a product or service is to be
manufactured, the level of vertical integration in the production process, the deployment
of physical resources, and relationships with suppliers, the company is developing its
________ strategy.
A)marketing
B)R&D
C)operations
D)financial
E)human resource management
Q2) Cultural backgrounds affect strategic choices.Korean executives emphasize
________ in their decisions; whereas U.S.executives emphasize ________.
A)projected demand, discounted cash flow, and ROI; industry attractiveness, sales and
market share
B)Industry attractiveness, sales and market share; projected demand, discounted cash
flow, and ROI
C)Ego; industry attractiveness
D)Maintaining the status quo; change
E)none of the above
Q3) What are the strategies to avoid proposed by the authors?
Page 10
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: Strategy Implementation: Organizing for Action
Available Study Resources on Quizplus for this Chatper
109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/28819
Sample Questions
Q1) When the return on investment for each division of a corporation is greater than
what the return would be if each division were an independent business, that
corporation is said to have achieved
A)synergy.
B)a leveraged buyout.
C)its hurdle rate.
D)the status of a true conglomerate.
E)Stage III.
Q2) In order to implement reengineering, Hammer suggests that those who use the
output of the process perform the reengineering process.
A)True
B)False
Q3) The matrix of change was designed to help managers decide how quickly change
should proceed, in what order changes should take place, whether to start at a new site,
and whether the proposed systems are stable and coherent.
A)True
B)False
Q4) What is synergy? According to Goold and Campbell, what are the six forms it can
take?
To view all questions and flashcards with answers, click on the resource link above.
Page 11
Chapter 10: Strategy Implementation: Staffing and
Directing
Available Study Resources on Quizplus for this Chatper
107 Verified Questions
107 Flashcards
Source URL: https://quizplus.com/quiz/28809
Sample Questions
Q1) According to the text, which one of the following is NOT one of the dangers of using
primarily foreign nationals to staff managerial positions in subsidiaries?
A)The increased likelihood of suboptimization.
B)Difficulty for the MNC to meet long-term, worldwide objectives.
C)The ability for communication and coordination becomes increasingly difficult.
D)Promotes anger and jealousy within the nationalistic host government.
E)Problems in coordinating activities of several international subsidiaries leads to
problems in operating in a global industry.
Q2) What are the four elements of the MBO process?
Q3) A good retrenchment strategy can be implemented well in terms of organizing, but
poorly in terms of staffing.
A)True
B)False
Q4) A professional liquidator was the executive type called in to Montgomery Ward when
the declared bankruptcy for the second time.
A)True
B)False
Q5) What are the four general methods of managing two different cultures?
Page 12
To view all questions and flashcards with answers, click on the resource link above.
Chapter 11: Evaluation and Control
Available Study Resources on Quizplus for this Chatper
105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/28810
Sample Questions
Q1) The ISO 9000 Standards Series is one example of
A)tactical control.
B)strategic control.
C)output control.
D)functional control.
E)behavior control.
Q2) The balanced scorecard combines financial measures that tell the results of actions
already taken with operational measures on customer satisfaction, internal processes,
and the corporation's innovation and improvement activities.
A)True
B)False
Q3) ABC accounting allows accountants to charge costs more accurately than the
traditional method because it allocates overhead far more precisely.
A)True
B)False
Q4) ACB is an accounting method for allocating direct and fixed costs to individual
products.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 13
Chapter 12: Suggestions for Case Analysis
Available Study Resources on Quizplus for this Chatper
99 Verified Questions
99 Flashcards
Source URL: https://quizplus.com/quiz/28811
Sample Questions
Q1) To adjust for general inflation, what index does the text suggest?
A)Dow-Jones Industrial Average
B)New York Stock Exchange Index
C)Wilshire 500 Equity Index
D)Consumer Price Index
E)NASDAQ Series
Q2) Which financial indicator is calculated by the ratio of annual dividends per share to
current market price per share?
A)return on equity
B)dividend payout ratio
C)dividend yield on common stock
D)price/earnings ratio
E)debt to equity ratio
Q3) The amount of change from one year to the next in GDP indicates how much that
country's economy is growing.
A)True
B)False
Q4) An important liquidity ratio is Earnings per Share (EPS).
A)True
B)False
To view all questions and flashcards withPage 14 click on the resource link above.
answers,
