Strategic Management MCQs

✅ The correct answer is option D.
Strategy-implementation activities include establishing annual objectives. The strategic plan addresses the what and why of activities, but implementation addresses the who, where, when, and how.

✅ The correct answer is option D.
Job titles that refer to strategists include Owner, dean, president, and executive director. A job title can describe the responsibilities of the position, the level of the job, or both. For example, job titles that include the terms “executive,” “manager,” “director,” “chief,” “supervisor,” etc. are typically used for management jobs.

✅ The correct answer is option B.
An investment that gives the investor a controlling interest in a foreign company is known as foreign direct investment. A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.

✅ The correct answer is option C.
Strategic management accounting systems places a very strong emphasis on incorporating data relating to its competitors in the preparation of management reports. Strategic management accounting is about having an accounting system that checks, accommodates, supports and controls your strategic management goals.

✅ The correct answer is option B.
Exports and imports apply mostly to merchandise. Exporting is the sale of products and services in foreign countries that are sourced or made in the home country. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.

✅ The correct answer is option A.
The mission statement answers- What is our business?. A mission statement is a brief description of a company’s fundamental purpose.

✅ The correct answer is option C.
According to Press (1990), The resource focus, the shareholder focus, the people focus and the market focus are the four discrete philosophies upon which an organization’s culture can be based.

✅ The correct answer is option C.
An organization that is diversifying its product line is exhibiting growth type of growth strategy. Diversification is a corporate strategy to enter into a new market or industry in which the business doesn’t currently operate, while also creating a new product for that new market.

✅ The correct answer is option B.
Visitors can be considered as the main stakeholders for London Zoo.

✅ The correct answer is option D.
Conflicts between the product and its desired target market would not be a problem for an organization attempting to establish a unified vision or direction.