Page 327 - GMAT 2017b_Neatb

Strategic Managment Test

STRATEGIC MANAGEMENT TEST

30 QUESTIONS
30 MINUTES

Each question has four suggested answers (A), (B), (C), and (D). Decide
which one is the best answer, and on the answer sheet find the question
number that corresponds to the answer of the answer that you have selected
and darken the area with a soft pencil.

1. To find out what an organization's strategy is, you 5. Which of the following is NOT part of the micro
should: environment?
(A) Read the mission statement (A) Competitors
(B) Look at what the organization actually does (B) Customers
(C) Read the strategic plan (C) Technology
(D) Ask the CEO (D) Publics

2. Which of the following statements is not true when 6. GDP, inflation rate, per capita income, tariffs etc.
describing a successful strategy? are sub-factors of factor of environment.
(A) It provides some property that is unique or
distinctive 7. In company's environment, company's
(B) It provides the means for renewing customers are part of which of the following?
competitive advantage
(A) Internal environment
(C) It addresses changes in the external
(B) Micro environment
environment
(D) It guarantees long term survival (C) Macro environment
3. In the context of strategic management resources 8. ______ scanning is considered to be the best
can be defined as: method of environment scanning.
(A) The knowledge and skills within the
organization 9. Cultural values would be part of which of the
(B) Something that an organization owns, controls following factor in macro environment?
or has access to on a semi-permanent basis
(C) The physical assets of the organization (A) Economic
(B) Natural
4. In the context of strategic management, (C) Social
stakeholders can be defined as: (D) Ecological
(A) An individual or group with a financial stake
in the organization 10. In the case where an organization acquires its
(B) An external individual or group that is able supplier, this is an example of:
to impose constraints on the organization (A) Horizontal integration
(C) Internal groups or individuals that is able to (B) Forwards vertical integration
influence strategic direction of the (C) Backwards vertical integration
organization
(D) An individual or group with an interest in the 11. When a firm seeks the benefits of global
organization’s activities and who seeks to integration and local adaptation, it is best
influence them. described as which type of strategy?
(A) Transnational
(B) Global
330