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WorksheetsTPT350 Mid term test
Total questions: 50
Worksheet time: 53mins
The definition of corporate strategy is __________.
The strategy which is applied by a corporation to attain and sustain a technical advantage over other companies in
a different industry.
The strategy which is applied by a corporation
in order to attain and sustain a corporate advantage over its partners.
The strategy which is applied by a corporation
to attain and sustain a business advantage over its subsidiaries.
The strategy which is applied by a corporation in order to attain and sustain a competitive advantage over other companies in
the same industry.
The elements of corporate strategy are as follows EXCEPT:
defines the business the firm will pursue
opportunities and threats
strengths and weakness
competitors' strategies
"What do we want to become?" is _________
one of the elements of corporate policy
the definition of vision
not an important element to ensure corporate success
a question only the middle management of the corporation could answer
___________ serves as a guide as to how the corporation is to achieve long term sustainable profitable growth.
Strategy
Vision
Mission
Objective
A ______________ will lead to a comprehensive mission statement.
clear business tactic
clear business strategy
clear business objective
clear business vision
A shared vision can accomplish the following EXCEPT:
Creates commonality of interests
Reduce daily monotony
Provides opportunity & challenge
Improve competitor's ability
Mission statement's characteristics include the following EXCEPT:
Enduring statement of purpose
Distinguishes one firm from another
Declares the firm’s reason for being
Similar to other corporations within the same industry
Mission statement is also known as the following EXCEPT:
Creed statement
Statement of purpose
Statement of philosophy
Statement of policy
Strengths and weaknesses are part of the external analysis of the corporation.
True
False
Opportunities and threats are part of the external analysis that may have an impact to the corporation's performance.
True
False
Lack of management skills is one of the characteristics of strength in the corporation.
True
False
Many transport undertakings (project/company/organization) are labor (a) .
The output of transport cannot be (a) , but must be
provided as and when the customers require it.
In small transport firms, the style of management is often personal.
True
False
______________________ are responsible for the operations of transport
Line management
Top management
Supervisory management
Board of Directors
____________________ provides the necessary services and advice for the core business.
Staff management
Supervisory management
Board of Directors
Line management
______________ set out precisely what is to be achieved and by whom.
Objectives
Vision
Mission
Strategy
Objectives should be the following EXCEPT:
specific targets
quantifiable
understandable
vague
__________ means it is explained clearly and in plain English, so that all involved can comprehend what is required of them.
Targeted
Understandable
Quantifiable
Credible
____________ means it is expressed in figures so that performance can be measured on a numerical scale.
Targeted
Quantifiable
Credible
Understandable
____________________ have shorter timescales, and are commonly translated into monthly or annual targets.
Operational objectives
Strategic objectives
Quantified objectives
Tactical objectives
Control in transport is mainly exercised in two ways:
by regulation and financial direction
by authority and draconian laws
by top management and Board of Directors
by the government and private sector
The official rule or order is the definition of ________.
regulation
targeted
quantifiable
credibility
Regulation comes in two forms: (a)
__________ control is used to avoid wasteful competition.
Quality
Quantity
Enforced
Subjective
The following are reasons for the existence of regulations in transport EXCEPT:
The basis for operations
Controlling monopolies
Controlling excessive competition
Encouraging private sector participation
Pollution in atmosphere, congestion and accidents are some of the consequences of _______________ transport.
uncontrolled
controlled
authoritative
regulated
Parliamentary Acts such as Road transport Act 1987,
Commercial Vehicle Licensing Board Act 1987, Railway
Act, Town and country Planning Act are examples of ___________ control.
regulatory
official
government
authoritative
Bumiputera participation and Cabotage policy to protect local market and selective liberalization are objectives created by the government as a form of control in the transport sector.
True
False
Which of the following modes of transport are regulated internationally?
Air
Road
Rail
Pipelines
The following are objectives of the Ministry of Transport EXCEPT:
To develop a supply driven based integrated transportation infrastructure networks.
To implement an efficient, modern and high-tech transportation system.
To develop the public and goods transportation services that are directionless, hazardous and mediocre..
To create a competitive environment in transportation industry.
In order to achieve seamless travel, the government needs to (a) the integration of various transport modes.
Municipalities are an example of ________ ownership.
public
private
public and private
sole proprietor
Heavy capital investment and to protect the personal wealth if the business should fail are the reasons to form ___________
limited liability company
public company
sole proprietorship
partnership
What are the reasons for government involvement in transport?
Making huge profits for the benefit of shareholders
Enrichment of partners and contractors
Social, civic and national or defense strategy
Inadequate expertise in the government to handle massive transport projects
In many __________ countries municipalities own and operate bus services, metros, airports and tramways
European
Asian
African
Middle East
The government can help financially struggling transport operators through __________
grants and subsidies
loans and expert consultation
guarantees and tax deferment
increasing liabilities and debt restructuring
A transport user body is formed to provide the transport company with the guidelines and to set the policy standard for the members in particular and the industry in general.
True
False
There is no statutory transport user body established in Malaysia but its place is taken by voluntary organizations such as the Chambers of Commerce and Consumer Associations.
True
False
Trade associations are for-profit organizations whose primary purpose is to provide different learning tools for businesses in a particular industry.
True
False
Below are public transport problems in Malaysia EXCEPT:
High congestion during peak period
Unreliable services with frequent delays
Good connectivity between modes of transport
Poor access to public transport
Below are the public transport problems in Malaysia EXCEPT:
High congestion during peak periods
Unreliable services with frequent delays
Poor connectivity between mode
Good access to public transport
‘The expression of the capacity of transportation infrastructures and modes, generally over a geographically defined transport system and for a specific period of time’ is the definition of transportation (a)
Transportation supply can be expressed in
terms of: (choose all that apply)
Infrastructures (capacity)
Services (frequency)
Networks
Competition
Transport infrastructure is important for economic/strategic sense and this is why the government is involved in transportation supply.
True
False
Provide the capital to start the business, all the money to buy or lease premises and equipment and employ staff is an example of __________ form of ownership.
partnership
sole proprietor
limited liability
private
Licensing, route allocation, price and safety operation for crew and unit of carriage are examples of _________.
Degree of control
Degree of policy
Degree of temperature
Degree of operations
A private entity receives a franchise from the public sector to finance, design, construct, and operate a facility for a specified period, after which ownership is transferred back to the public sector is an example of ______ form of privatization.
BOT
BTO
BOO
BOOT
The Private Finance Initiative (PFI) is an example of Public-Private Partnership.
True
False
Bringing technical and managerial expertise and new technology into the sector is one of the reasons the government seeks to involve the private sector.
True
False
