Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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Which
of the following is NOT one of Drucker’s three basic questions?
a. | What is our
business? | c. | What will our
business be? | b. | What should our strategy be? | | | | |
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2.
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What
is meant by corporate mission?
a. | The over-riding reason for the corporation’s
existence. | c. | The view of the
founder as to what kind of company this should be. | b. | The strategies
the corporation intends to take. | | | | |
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3.
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What
is meant by corporate vision?
a. | The over-riding reason for the corporation’s
existence. | c. | The view of the
founder as to what kind of company this should be. | b. | The strategies
the corporation intends to take. | | | | |
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4.
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Which
of the following is NOT a type of planning system?
a. | Formal planning
system. | c. | Formal
integration. | b. | Logical incrementalism. | | | | |
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5.
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What
is value chain analysis?
a. | A system of valuing the firm’s
assets. | c. | An analysis of
the inputs each firm puts into the product before it reaches the final consumer.
| b. | A system of
valuing the chain of command. | | | | |
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6.
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Which
of the following is NOT one of the elements that supports the value chain?
a. | Procurement. | c. | Human resource
management. | b. | Finance. | | | | |
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7.
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What
is meant by inbound logistics?
a. | The study of movement of factors of production.
| c. | Return of faulty
goods. | b. | The study of transportation. | | | | |
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8.
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What
is a value network?
a. | A group of firms who agree to co-operate against outside
competition. | c. | A group of firms
which have a similar value. | b. | A group of firms who act together to create value through a set
of complex relationships. | | | | |
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9.
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Which
of the following is NOT one of Porter’s three basic competitive positioning
strategies?
a. | Cost
leadership. | c. | Segmentation.
| b. | Differentiation. | | | | |
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10.
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What
is a market challenger?
a. | A company which enters a new
market. | c. | A company which
develops a new product which competitors have to emulate. | b. | A company which
seeks to increase its share of a market. | | | | |
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