McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Tourism Studies (BTS) .
| 1. |
The origin of business policy and strategic management can be retraced to |
| A. | 1930 |
| B. | 1911 |
| C. | 1879 |
| D. | 1938 |
| Answer» B. 1911 | |
| 2. |
BCG in BCG matrix stands for |
| A. | Boston calmette group |
| B. | British consulting group |
| C. | Boston corporate group |
| D. | Boston consulting group |
| Answer» D. Boston consulting group | |
| 3. |
Which of the following is not a part of the micro environment? |
| A. | Technology |
| B. | Shareholders |
| C. | Competitors |
| D. | Public |
| Answer» A. Technology | |
| 4. |
Which of the following is not a part of the macro environment? |
| A. | Laws & policies |
| B. | Demographics |
| C. | Suppliers |
| D. | Social values |
| Answer» C. Suppliers | |
| 5. |
Cultural values would be part of which of the following factor in macro environment? |
| A. | Demographic |
| B. | Social |
| C. | Ecological |
| D. | Natural |
| Answer» B. Social | |
| 6. |
What does stars symbolize in BCG matrix? |
| A. | Introduction |
| B. | Growth |
| C. | Maturity |
| D. | Decline |
| Answer» B. Growth | |
| 7. |
What does red symbolize in BCG matrix? |
| A. | Invest & expand |
| B. | Harvest & earn |
| C. | Harvest & divest |
| D. | Select & earn |
| Answer» C. Harvest & divest | |
| 8. |
The GE 9 cell model is based on |
| A. | Industry attractiveness & business strength |
| B. | Industry growth rate & business strength |
| C. | Industry attractiveness & relative market share |
| D. | Industry growth rate & relative market share |
| Answer» A. Industry attractiveness & business strength | |
| 9. |
The BCG matrix is based on |
| A. | Industry attractiveness & business strength |
| B. | Industry growth rate & business strength |
| C. | Industry attractiveness & relative market share |
| D. | Industry growth rate & relative market share |
| Answer» D. Industry growth rate & relative market share | |
| 10. |
In strategic thinking how long is the long term approximately |
| A. | 1 month to 1 year |
| B. | 2 to 3 years |
| C. | 3 to 5 years |
| D. | More than 5 years |
| Answer» D. More than 5 years | |
| 11. |
Low cost, differentiation and focus are example of ____________ |
| A. | Corporate strategies |
| B. | Operational strategies |
| C. | Business strategies |
| D. | Functional strategies |
| Answer» C. Business strategies | |
| 12. |
The ward tactic is most likely to be associated with |
| A. | Business strategy |
| B. | Corporate strategy |
| C. | Operational strategy |
| D. | All of the above |
| Answer» C. Operational strategy | |
| 13. |
In BCG matrix, what is the label of horizontal axis? |
| A. | Business strategy |
| B. | Corporate strategy |
| C. | Operational strategy |
| D. | All of the above |
| Answer» A. Business strategy | |
| 14. |
In BCG matrix, what is the label of vertical axis? |
| A. | Relative market share |
| B. | Business strength |
| C. | Industry growth rate |
| D. | Market growth rate |
| Answer» C. Industry growth rate | |
| 15. |
In GE 9 cell matrix what is the label of the horizontal axis? |
| A. | Relative market share |
| B. | Industry attractiveness |
| C. | Industry growth rate |
| D. | Market growth rate |
| Answer» B. Industry attractiveness | |
| 16. |
Another name for GE 9 cell model is |
| A. | Three color matrix |
| B. | Stop light matrix |
| C. | Strategic portfolio |
| D. | Color light matrix |
| Answer» B. Stop light matrix | |
| 17. |
What does question mark (?) symbolize in BCG matrix? |
| A. | Remain diversified |
| B. | Invest |
| C. | Stable |
| D. | Liquidate |
| Answer» A. Remain diversified | |
| 18. |
What do cash cows symbolize in BCG matrix? |
| A. | Remain diversified |
| B. | Invest |
| C. | Stable |
| D. | Liquidate |
| Answer» C. Stable | |
| 19. |
What does green symbolize in BCG matrix? |
| A. | Invest and expand |
| B. | Select and earn |
| C. | Harvest and divest |
| D. | Both ( a) and (b) |
| Answer» A. Invest and expand | |
| 20. |
What does yellow symbolize in BCG matrix? |
| A. | Invest and expand |
| B. | Harvest and divest |
| C. | Select and earn |
| D. | Both ( a) and (b) |
| Answer» C. Select and earn | |
| 21. |
Which of the following is not recognized as a misconception about entrepreneurship? |
| A. | Successful entrepreneurship needs only a great idea |
| B. | Entrepreneurship is easy |
| C. | Entrepreneurship is found only is small business |
| D. | Entrepreneurial ventures and small business are different |
| Answer» D. Entrepreneurial ventures and small business are different | |
| 22. |
All of the following are characteristics of small business EXCEPT |
| A. | Small business are independently owned, operated and financed |
| B. | Small business have fewer than 100 employee |
| C. | Small business emphasis new or innovative practices |
| D. | Small business have little impact on industry |
| Answer» C. Small business emphasis new or innovative practices | |
| 23. |
Which of the following is NOT on the three areas in which the importance of entrepreneurship can be shown? |
| A. | Innovation |
| B. | No. of new start-ups |
| C. | Job creation and employment |
| D. | Bureaucracy |
| Answer» D. Bureaucracy | |
| 24. |
The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except |
| A. | Product-process innovation |
| B. | Increased tax revenues |
| C. | Unemployment |
| D. | Social betterment |
| Answer» C. Unemployment | |
| 25. |
All of the following represent countries in which the highest level of entrepreneurial activity was found except |
| A. | Australia |
| B. | Korea |
| C. | Norway |
| D. | Japan |
| Answer» D. Japan | |
| 26. |
Positive external trends or changes that provides unique and distinct possibilities for innovating and creating value are called _________________________ |
| A. | Strength |
| B. | Opportunities |
| C. | Weakness |
| D. | Threats |
| Answer» B. Opportunities | |
| 27. |
An individual who has no prior business ownership experience as a business founder, inheritor of a business, or a purchaser of the business is called a __________________ entrepreneur |
| A. | Novice |
| B. | Habitual |
| C. | Serial |
| D. | Portfolio |
| Answer» A. Novice | |
| 28. |
All of the following are popular demographic factors about entrepreneurs that have been study except |
| A. | Self confidence |
| B. | Gender |
| C. | Education |
| D. | Family birth order |
| Answer» A. Self confidence | |
| 29. |
An individual who has prior business ownership experience is called a _________________ entrepreneur |
| A. | Novice |
| B. | Habitual |
| C. | Serial |
| D. | Portfolio |
| Answer» B. Habitual | |
| 30. |
The three main responsibilities involved with managing an entrepreneurial venture once its up and running include all of the following except |
| A. | Managing process |
| B. | Managing people |
| C. | Managing bureaucracy |
| D. | Managing growth |
| Answer» C. Managing bureaucracy | |
| 31. |
Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction |
| A. | Development of a new product |
| B. | Take over of a competitor |
| C. | Issuing shares |
| D. | Reducing prices |
| Answer» A. Development of a new product | |
| 32. |
An advantage of a small firm in the innovation process |
| A. | Ability to carry out R&D |
| B. | Ability to raise finance |
| C. | Ability of an entrepreneur to carry out multiple tasks |
| D. | Ability of an entrepreneur to act on new ideas or product development |
| Answer» D. Ability of an entrepreneur to act on new ideas or product development | |
| 33. |
External links may provides incentives to |
| A. | Raise finance |
| B. | Introduce new working practices |
| C. | Introduce improvements to products |
| D. | Attend business exhibition |
| Answer» C. Introduce improvements to products | |
| 34. |
Firms located in science part compared to those located off science park are |
| A. | More innovative |
| B. | Less innovative |
| C. | More or less innovative |
| D. | More growth oriented |
| Answer» C. More or less innovative | |
| 35. |
Innovative small firms are more likely in |
| A. | Knowledge based sectors |
| B. | Biotechnology |
| C. | Automobile manufactures |
| D. | Aerospace manufactures |
| Answer» A. Knowledge based sectors | |
| 36. |
Schumpeter considered that innovative entrepreneur would |
| A. | Thrive |
| B. | Disappear |
| C. | Be absorbed within large innovative firms |
| D. | Be absorbed within non innovative firms |
| Answer» C. Be absorbed within large innovative firms | |
| 37. |
Innovative entrepreneurs face special issues in racing |
| A. | Development capital |
| B. | Structured capital |
| C. | Human capital |
| D. | Seed capital |
| Answer» D. Seed capital | |
| 38. |
Innovative entrepreneurs may have to pay high insurance premium due to the |
| A. | The need to protect patterns |
| B. | Greater employee liability |
| C. | Greater customer liability |
| D. | Greater trading risk |
| Answer» A. The need to protect patterns | |
| 39. |
Networking by innovative entrepreneur may be most encouraged by |
| A. | Science park |
| B. | Business incubators |
| C. | Champers of commerce |
| D. | Business associations |
| Answer» B. Business incubators | |
| 40. |
The most likely problem encountered by innovative entrepreneurs in raising finance is |
| A. | Limited security since R&D is an intangible asset |
| B. | The costs of the patenting system |
| C. | The exhaustion of personal equality in R&D |
| D. | Inability of potential external funders to understand technology |
| Answer» C. The exhaustion of personal equality in R&D | |
| 41. |
SBU stands for |
| A. | Strategic business unit |
| B. | Social business unit |
| C. | Social bold unit |
| D. | Strategic bold unit |
| Answer» A. Strategic business unit | |
| 42. |
Strategic management is the set of decisions and actions in formulation and implementation of strategic designed to achieve the objective of __________________ |
| A. | An organization |
| B. | A customer |
| C. | A planning |
| D. | Management |
| E. | Finance |
| Answer» A. An organization | |
| 43. |
“Strategic management is a stream of decisions and actions which leads to the development of an effective strategy or strategies to help achieve corporate objectives” who said? |
| A. | Boulton |
| B. | Sharplin |
| C. | Jauch & Glueck |
| D. | Loyd |
| E. | Anosff |
| Answer» C. Jauch & Glueck | |
| 44. |
The strategic management process is the way in which strategic determine objectives and _________________________ |
| A. | Make planning |
| B. | Make coordinating |
| C. | Make strategic decisions |
| D. | Make recording |
| E. | All of these |
| Answer» C. Make strategic decisions | |
| 45. |
“Strategic management as the formulation and implementation of plans and carrying out of activities relating to the matters which one of vital pervasive or continuing importance to the total organization “ who said it? |
| A. | Sharplin |
| B. | Hofer and schendel |
| C. | Ansoff |
| D. | Lloyd L. Byans |
| E. | None of these |
| Answer» A. Sharplin | |
| 46. |
Strategic management involves _____________________ |
| A. | The determination of the organization mission, strategic policies and strategic objectives |
| B. | The determination of price of the product and service |
| C. | Cost |
| D. | Planning with high cost |
| E. | Profit |
| Answer» B. The determination of price of the product and service | |
| 47. |
The overall strategy of any firm comprises decision on ________________ |
| A. | Customer mix |
| B. | Product mix |
| C. | Geographic limits of the market to be served |
| D. | Objectives |
| E. | All of these |
| Answer» E. All of these | |
| 48. |
Strategy deals __________________ |
| A. | With demand |
| B. | With product |
| C. | With cost |
| D. | With choice and direction of an organization |
| E. | All of these |
| Answer» D. With choice and direction of an organization | |
| 49. |
Strategic management as distinct management process that involves _______________ |
| A. | An organizations engaging in strategic planning and then an acting on those plans |
| B. | An organization’s activity in respect of finance |
| C. | An accounting system |
| D. | An organization |
| E. | None of these |
| Answer» A. An organizations engaging in strategic planning and then an acting on those plans | |
| 50. |
______________is a set of rules aimed at taking decisions for substance and growth of an organization in a given environment |
| A. | Marketing management |
| B. | Strategic management |
| C. | Accounting |
| D. | Financial management |
| E. | Plan |
| Answer» B. Strategic management | |
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