
MCQs - Strategic Management
Authored by Preeti Preeti
Business
University
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Strategic management is a combination of which two words?
Strategy and Planning
Strategy and Management
Business and Policy
Mission and Vision
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Strategy can be best described as:
A long-term plan of action
A daily operational task
A short-term budget plan
A company's routine activities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who defined strategy as the determination of basic long-term goals and adoption of action courses?
Porter
Chandler
Ansoff
Mintzberg
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a feature of strategic management?
Long-term focus
Integration of all functional areas
Random decision-making
Sustainable competitive advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of strategic management is to:
Handle routine operations
Exploit and create new opportunities
Prepare financial statements
Supervise daily staff work
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an objective of strategic management?
Clear direction for the organization
Short-term profit only
Ignoring external environment
Avoiding competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Strategic management helps in:
Risk minimization
Random allocation of resources
Avoiding long-term sustainability
Limiting employee growth
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