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Worksheetsstrategic manement
Total questions: 48
Worksheet time: 24mins
Name
Class
Date
1.
Market research belongs to which business function?
a)
Marketing/Sales
b)
Finance, Accounting
c)
Operations, Production, Logistics
d)
HR
2.
3P stands for:
a)
People, planet, population
b)
People, population, profit
c)
People, planet, profit
d)
People, planet, payment
3.
One of the benefits of globalization is
a)
economies of scale
b)
decreased outsourcing
c)
increased union negotiations
d)
increased taxes
4.
Which of following is a function of Human resource management?
a)
Recruitment/Dismissal
b)
Compensations & benefits
c)
Training and Development
d)
All are correct
5.
KPI stands for:
a)
Key Product Indicator
b)
Key Performance Indicator
c)
Key Profit Index
d)
Key Performance International
6.
Which of following is a function of Operations, Logistics, Production?
a)
Cost efficiency, quality management
b)
Meeting customer's requests
c)
R&D
d)
All are correct
7.
KFC has changed its menu in Vietnam. This is an example of?
a)
Localization
b)
Mergers and acquisitions
c)
Consumer protection
d)
Market motivation
8.
Which of following is NOT a type of financial statement?
a)
Income statement (Profit&Loss)
b)
Sales and Inventory report
c)
Balance sheet
d)
Cash flow statement
9.
The time horizon involved with regard to basic financial planning is usually
a)
One year
b)
One quarter
c)
3-6 months
d)
One month
10.
Which of following is NOT a benefit for mutinational firms entering Vietnam?
a)
Vietnam is a member of many free trade agreements
b)
Low costs
c)
Strong industrial supporting ecosystems
d)
Great location, government incentives
11.
Which is the most valuable resource of today's business?
a)
IT
b)
Human
c)
Real estate
d)
Financial capital
12.
The emphasis of strategic management is on
a)
long-term performance
b)
first-line managers
c)
short-run performance
d)
Internal environment
13.
In the final phase of strategic management, strategic information is available to
a)
Only responsible people for implementation
b)
Middle management
c)
Top management
d)
Everyone in organization
14.
The term describing new products, services, methods that allow businesses to achieve extraordinary returns is
a)
Return on investment
b)
Innovation
c)
Competitive advantage
d)
Sustainability
15.
The monitoring, evaluating, and understanding the external and internal environments is referred to as
a)
environmental scanning
b)
strategy implementation
c)
evaluation and control
d)
strategy formulation
16.
What does that mean: economics of scale?
a)
Expanding investment portfolio
b)
Serving customers from different segments
c)
Lower production costs due to very large quantity
d)
Differentiating products in many segments
17.
Strategy achieves corporate and business unit objectives by maximizing resource productivity is
a)
Functional
b)
Corporate
c)
Business
d)
All are incorrect
18.
Differentiation in many markets and many products/services is an example of:
a)
Social responsibility
b)
Cost optimization
c)
Risk management
d)
Profitable development
19.
Strategic planning within a small organization:
a)
only done by top management
b)
formalized and sophisticated
c)
less possibility to succeed
d)
informal and irregular
20.
Identifying competitive advantage mainly happens at which level of strategy?
a)
Functional
b)
Corporate
c)
Business
d)
All are incorrect
21.
Which is the most valuable resource of today's business?
a)
IT
b)
Human
c)
Real estate
d)
Financial capital
22.
The emphasis of strategic management is on
a)
long-term performance
b)
first-line managers
c)
short-run performance
d)
Internal environment
23.
In the final phase of strategic management, strategic information is available to
a)
Only responsible people for implementation
b)
Middle management
c)
Top management
d)
Everyone in organization
24.
The term describing new products, services, methods that allow businesses to achieve extraordinary returns is
a)
Return on investment
b)
Innovation
c)
Competitive advantage
d)
Sustainability
25.
The monitoring, evaluating, and understanding the external and internal environments is referred to as
a)
environmental scanning
b)
strategy implementation
c)
evaluation and control
d)
strategy formulation
26.
What does that mean: economics of scale?
a)
Expanding investment portfolio
b)
Serving customers from different segments
c)
Lower production costs due to very large quantity
d)
Differentiating products in many segments
27.
Strategy achieves corporate and business unit objectives by maximizing resource productivity is
a)
Functional
b)
Corporate
c)
Business
d)
All are incorrect
28.
Differentiation in many markets and many products/services is an example of:
a)
Social responsibility
b)
Cost optimization
c)
Risk management
d)
Profitable development
29.
Strategic planning within a small organization:
a)
only done by top management
b)
formalized and sophisticated
c)
less possibility to succeed
d)
informal and irregular
30.
Identifying competitive advantage mainly happens at which level of strategy?
a)
Functional
b)
Corporate
c)
Business
d)
All are incorrect
31.
Which of following factor is NOT a macroeconomic factor?
a)
Competitors
b)
Law & Politics
c)
Nature
d)
Economic, social factor
32.
Consumer behavior belongs to which factor?
a)
Government, laws, politics
b)
Culture, social factor
c)
Technology
d)
Natural environment
33.
Industry analysis is considered as:
a)
Microeconomic factor analysis
b)
Macroeconomic factor analysis
c)
International factor analysis
d)
All are correct
34.
The quality of human resources in a firm is considered as:
a)
Government, laws, politics factor
b)
Natural environment factor
c)
Technology factor
d)
Population factor
35.
The main benefits of analyzing external environments is:
a)
Identifying companies' strengths and weaknesses
b)
Improving companies' resources and competitive advantages
c)
Identifying companies' opportunities and threats
d)
Allocating human resources effectively
36.
Trade policies belongs to which factor?
a)
Economic factor
b)
Culture, social factor
c)
Technology factor
d)
Population factor
37.
International factor and macroeconomic factor indirectly affect the companies.
a)
true
b)
false
38.
Which of following trend does NOT belong to technological factors?
a)
Artificial intelligence
b)
Robots & Automation
c)
Blockchain
d)
Organic foods
39.
All of the following are competitive forces in Porter's model except:
a)
suppliers
b)
disruptive technologies
c)
substitute products.
d)
new market entrants
40.
Which of the following industries has the lowest barrier to entry?
a)
Airlines
b)
Computer chipset
c)
Clothes shop
d)
Car maker
41.
Which is the most important asset of any company?
a)
real estate
b)
bonds
c)
human capital
d)
computer programs
42.
What are benefits for firms to implement green and sustainable strategies?
a)
Enhance firms' reputations
b)
Savings costs
c)
Comply with local laws
d)
All are correct
43.
Which is NOT a component of PESTEL analysis?
a)
Current competitors
b)
Law and politics
c)
Social factors
d)
Population
44.
Which technology is considered as very promising for future business?
a)
5G internet
b)
3D printing
c)
AI (Artificial intelligence)
d)
All are correct
45.
Which of the following substitute products would be of most concern for a cable TV distributor?
a)
On-demand streaming television
b)
Satellite radio
c)
Streaming music services
d)
Internet provider
46.
Which one does NOT belong to Economics factors?
a)
GDP
b)
Culture and lifestyle
c)
Interest rates
d)
Inflation
47.
Reduction in production cost results in ________.
a)
Better customer services
b)
Increased competition
c)
Lower shareholder value
d)
Increased profits
48.
Which result is the most important when we consider population and economics factor?
a)
Consumer habits
b)
Potential demand and revenues
c)
GDP growth
d)
Changing exchange rates
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