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BME-SM Finals Mock Exam

Total questions: 88

Worksheet time: 1hrs 28mins

Name
Class
Date
1.

It refers to the political system existing in the country.

a)

Political Structure

b)

Institutional Structure

c)

Structure

d)

Economic Structure

2.

These are policies that would strengthening strategic economic relationship with the Global Economic Community.

a)

Income Policy

b)

Foreign Direct Investment Policy

c)

Micro Policy

d)

Trade Policy

3.

This book is considered as the oldest military classic in Chinese literature.

a)

The Book of Five Rings

b)

None of the Above

c)

The Art of War

d)

The Fifth Discipline

4.

The author of the book The Art of War.

a)

Igor Ansoff

b)

Arie De Geus

c)

Alfred Chandler

d)

Sun Tzu

5.

The book of Kenchi Ohmae whom he wrote in 1982.

a)

The Mind of the Strategist

b)

The Fifth Discipline

c)

The Rise and Fall of Strategic Planning

d)

None of the Above

6.

The book of Henry Mintzberg whom he wrote in 1994.

a)

None of the above.

b)

The Fifth Discipline

c)

The Rise and Fall of Strategic Planning

d)

The Mind of the Strategist

7.

Aside from viewing strategy from a military perspective, it can likewise be viewed from the standpoint of?

a)

Planting Trees

b)

Teaching Class

c)

Playing Games

d)

None of the above

8.

Mushashi says that there are four ways by which men pass through life. Which is not?

a)

Gentlemen and Samurai

b)

Farmers

c)

Singers or Actors

d)

Partisan or Carpenter

9.

It is a community of peoples with similar or divergent beliefs, aspirations and traditions, living in the same geographic area.

a)

Government

b)

Nations

c)

National Development

d)

None of the above

10.

Managing Strategic Change.

a)

Peter Drucker

b)

Niccolo Machiaville

c)

Michael Porter

d)

Noel Titchy

11.

Which one does not belong to the Strategy as a concept?

a)

Principles

b)

Natural Capital

c)

Mindset

d)

Learning

12.

These are investments from sources outside a nation bring about economic development. With infused capital, jobs are generated and business is energized.

a)

Micro Policy

b)

Foreign Direct Investment Policy

c)

Trade Policy

d)

Income Policy

13.

These policies include trade policy, policy on foreign investments, policy on privatization or naturalization, economic policy, and subsidy policy.

a)

Foreign Direct Investment Policy

b)

Income Policy

c)

Trade Policy

d)

Micro Policy

14.

The one wrote the book The Living Company.

a)

Sun Tzu

b)

Igor Ansoff

c)

Alfred Chandler

d)

Arie De Geus

15.

These are policies which affects the whole country or region.

a)

Macro Policy

b)

Policy on the Exchange Rate

c)

Monetary Policy

d)

Fiscal Policy

16.

Who wrote Competitive Strategy and became very popular.

a)

Peter Drucker

b)

Niccolo Machiaville

c)

Michael Porter

d)

Noel Titchy

17.

Mushashi Miyamoto the author of The Book of Five Rings, was born in?

a)

1584

b)

1582

c)

1583

d)

1581

18.

He was the author of The Age of Continuity.

a)

Peter Drucker

b)

Niccolo Machiaville

c)

Michael Porter

d)

Noel Titchy

19.

Mushahi Miyamoto was also a [blank] and demanded the highest esteem in Japan.

a)

Farmer

b)

None of the above

c)

Samurai

d)

Shogun

20.

It refers to operational framework that will serve as a basis for national growth and development.

a)

Structure

b)

Political Structure

c)

Institutional Structure

d)

Economic Structure

21.

It directly affects prices and wages. There is direct correlation between these two economic variables. When prices increase, higher wages are demanded. When wages are increased, prices of goods generally increase, too.

a)

Trade Policy

b)

Foreign Direct Investment Policy

c)

Micro Policy

d)

Income Policy

22.

It is macroeconomics policy laid down by the Bangko Sentral ng Pilipinas.

a)

Fiscal Policy

b)

Policy on the Exchange Rate

c)

Monetary Policy

d)

Macro Policy

23.

It means progress and growth, maturity, or simply improvement.

a)

Nations

b)

Government

c)

National Development

d)

None of the above

24.

The one who introduce us about Corporate strategy.

a)

Sun Tzu

b)

Alfred Chandler

c)

Arie De Geus

d)

Igor Ansoff

25.

The government shoulders a part of the price of a commodity to make it affordable.

a)

Economic Policy

b)

Competition Policy

c)

Subsidy Policy

d)

Government Policy

26.

It refers how is a business conducted in a nation.

a)

Institutional Structure

b)

Economic Structure

c)

Political Structure

d)

Structure

27.

Activities conducted in the early process of the vertical chain like production, distribution and sales.

a)

Mainstream Activities

b)

Upstream Activities

c)

Downstream Activities

28.

Activities conducted in the latter processes of the vertical chain like market research, promotion, janitorial, and security measures.

a)

Upstream Activities

b)

Mainstream Activities

c)

Downstream Activities

29.

An example of perform and buy strategies.

a)

Keiretsu

b)

Collaborative Relationships

c)

Tapered Integration

30.

Are manifested in subcontract networks and keiretsu.

a)

Vertical Integration

b)

Collaborative Integration

c)

Tapered Integrational

31.

Boardrooms are like:

a)

Discussion Rooms

b)

Classrooms

c)

Battlefields

32.

Explains the other ways of strategy.

a)

Wind Book

b)

Fire Book

c)

Void Book

33.

Extended the game theory.

a)

Galileo

b)

Socrates

c)

John Von Neumann

34.

Games applied to work to one’s advantage.

a)

Games with sequential moves

b)

Games with simultaneous moves

c)

Games with strategic moves

35.

Games taken concurrent under conditions of incomplete or imperfect information.

a)

Games with simultaneous moves

b)

Games with strategic moves

c)

Games with sequential moves

36.

Growth strategies adopted within the company are described as:

a)

External

b)

Internal

c)

Integrative

37.

He said “know your enemy, know yourself and your victory will not be threatened. Know the terrain, know the weather and your victory will be complete”.

a)

Sun Tzu

b)

Musashi

c)

Miyamoto

38.

If AC is constant, then MC=AC, it can be said that production exhibit:

a)

Constant return to scale

b)

Diseconomies of Scale

c)

Economies of Scale

39.

Nodes containing the respective payoffs are called:

a)

Initial Nodes

b)

Decision Nodes

c)

Terminal Nodes

40.

Results when two or more firms agree to collaborate on a project or to share resources:

a)

Subcontract networks

b)

Strategic Alliances

c)

Keiretsu

41.

Show how to fight to win victory.

a)

Ground Book

b)

Fire Book

c)

Void Book

42.

Are closely related to subcontractor networks but involve in a more formalized set of institutional linkages.

a)

Keiretsu

b)

Game Theorist’s Perspective

c)

Sequential Moves

43.

Are steps chronologically where actions is a consequence of previous move.

a)

Art of War

b)

Game Theory

c)

Games with Sequential Moves

44.

Considers a person’s best response to strategies chosen by others.

a)

Dominant Strategies

b)

Game Theorist’s Perspective

c)

The Ground Book

45.

He said “The winemaker obtains his ingredients should optimize his human and puts them to use to make his potentials and resource. His goal is living. The way of the merchant is to make profit, create opportunities always to live by making profits”.

a)

Mushahi Miyamoto

b)

Sun Tzu

c)

Alfred Chandler

46.

Is a condition that is exhibited when the average cost or the cost per unit of output declines over a range of output.

a)

Diseconomies of Scale

b)

Economies of Scale

c)

A social dilemma

47.

Is a game where any benefit gained by one is lost to another.

a)

Zero-Sum Game

b)

Game Theory

c)

Implicit Contract

48.

Is the equilibrium of non-cooperative game where each players strategy is best for him given that each player is satisfied with the strategy of his choice.

a)

Non-cooperative Solution

b)

The Ground Work

c)

Nash Equilibrium

49.

Is the list of strategies and payoff that the players would choose. If they could commit themselves to coordinated joint strategy.

a)

Non-cooperative Solution

b)

Cooperative Solution of a Game

c)

Dominant Strategies

50.

Is the outcome if there is no possibility to commit to a coordinated joint strategy so that each assumes the other will choose a best response strategy.

a)

Non-cooperative Solution

b)

Nash Equilibrium

c)

Economic of Scale

51.

Is used in illustrating games with sequential moves under conditions with complete information.

a)

Implicit Contract

b)

Sequential Games

c)

The Void Book

52.

It is the oldest military classic in Chinese literature.

a)

Art of War

b)

A Social Dilemma

c)

Game Theory

53.

The roadmap to strategy.

a)

Ground Book

b)

The Void Book

c)

Implicit Contract

54.

Wrote the book of The Five Rings.

a)

Sun Tzu

b)

Musashi Miyamoto

c)

Arie De Geus

55.

A plan to be executed, a map to chart and a path to traverse.

a)

Strategic Management

b)

Strategic Planning

c)

Strategies

56.

A strategy template that illustrates four important perspectives.

a)

Strategy Maps

b)

Common Knowledge

c)

Balance Score Board

57.

Are visual tools used in identifying strategic goals, designing strategies, and implementing them and connecting intangible assets to value-creating processes.

a)

Balance Score Board

b)

Strategy Maps

c)

Comparing and Contrasting

58.

As trite and ordinary because it simply satisfies minimum expectations and knowledge.

a)

Common Knowledge

b)

Strategy Maps

c)

Strategies

59.

Comparing with other organization and learning from them.

a)

Comparing and Contrasting

b)

Strategy Maps

c)

Balance Score Board

60.

Is improving, enhancing, and enriching what is existent.

a)

Comparing and Contrasting

b)

Common Knowledge

c)

Innovation

61.

It is a fundamental rethinking and radical redesign of business process to achieve dramatic improvements in critical contemporary measures of performance such as cost, service, and speed.

a)

Comparing and Contrasting

b)

Business Process Re-engineering

c)

Innovation

62.

It is an idea, a theory, a model or simply views and beliefs.

a)

Strategy

b)

Intellectual Capital

c)

Business Process Re-engineering

63.

It is the synergistic confluence and interrelationship of the organization’s intangible valued resources.

a)

Intellectual Capital

b)

Comparing and Contrasting

c)

Common Knowledge

64.

Looks at strategy as natural capital.

a)

Richard Pascale

b)

Hawken

c)

Thomas A. Stewart

65.

Refers to responding to changes in the environment.

a)

Continuous Adaptation

b)

Intellectual Capital

c)

Intellectual Elasticity

66.

Refers to the flexibility and adaptability in coming up with elastic responses to changing institutions.

a)

Continuous Adaptation

b)

Intellectual Capital

c)

Intellectual Elasticity

67.

Said “Strategies stem from creative minds and not from rote memory”.

a)

Richard Pascale

b)

Thomas A. Stewart

c)

Kenichi Ohmae

68.

Stated “Companies should manage the future from the past but should manage the present from the future”.

a)

Thomas A. Stewart

b)

Richard Pascale

c)

Kenichi Ohmae

69.

Wrote the book Intellectual Capital.

a)

Thomas A. Stewart

b)

Kenichi Ohmae

c)

Richard Pascale

70.

Become a symbol of excellence in business management.

a)

Harold Geneen

b)

Alfred Sloan

c)

Peter Senge

71.

Considers strategy as a frame of mind and attitude.

a)

Richard Pascale

b)

Peter Drucker

c)

Arie De Geus

72.

Consists of minute improvements and changes that are confined to specific functions.

a)

Process Productivity

b)

Process Redesign

c)

Process Improvement

73.

Growth strategies adopted within the company are described as:

a)

External

b)

Internal

c)

Integrative

74.

He was called as the Michelangelo of Management.

a)

Lee Lcocca

b)

Jack Welch

c)

Harold Geneen

75.

In the bible, strategy started with:

a)

Joseph

b)

Abraham

c)

Jacob

76.

Introduced the concept of Intellectual elasticity.

a)

Michael Porter

b)

Kenichi Ohmae

c)

Alfed Chandler

77.

Is an ongoing constant process of doing things better:

a)

Continuous Improvement

b)

Continuous Adaptation

c)

Benchmarking

78.

Is improving, enhancing and enriching what is existent.

a)

Innovation

b)

Continuous Improvement

c)

Differentiation

79.

Is knowledge that is trite and ordinary because it simply satisfies minimum expectations and knowledge.

a)

Intellectual Capital

b)

Special Knowledge

c)

Common Knowledge

80.

Looked at technology as an important strategy to moving organizations and business toward achieving corporate and entrepreneurial success faster:

a)

Michael Porter

b)

Michael Hammer

c)

Peter Senge

81.

Means creating new knowledge, new products and new modes of thinking.

a)

Differentiation

b)

Continuous Improvement

c)

Innovation

82.

Once cannot run a business or anything else on a theory. There is no secret, no formula and no theory.

a)

Theory G

b)

Theory Y

c)

Theory X

83.

Recommended that leaders get a good liberal arts education. The key is to get a solid ground in reading, writing, and psychology.

a)

Lee Lacocca

b)

Jack Welch

c)

Harold Geneen

84.

Referred to as the Tiger Woods of Management.

a)

Lee Lacocca

b)

Geoffrey Moore

c)

Jack Welch

85.

Refers to any old and new knowledge and competences, gained or enhanced from persons, institutions, books, experiences, and training.

a)

Learning

b)

Intelligence

c)

Value Chain

86.

Said that leadership is not charisma, public relations showmanship but performance, consistent behavior and trustworthiness:

a)

Harold Geneen

b)

Peter Senge

c)

Alfred Sloan

87.

Sun Tzu wrote the book:

a)

The Mind of Strategist

b)

The Art of War

c)

Managing the Edge

88.

Wrote the book Crossing the Chasm.

a)

Lee Lacocca

b)

Jack Welch

c)

Geoffrey Moore