Strategic Tourism Management and Entrepreneurial Development | Set 1
1. The origin of business policy and strategic management can be retraced to
Correct : B. 1911
2. BCG in BCG matrix stands for
Correct : D. Boston consulting group
3. Which of the following is not a part of the micro environment?
Correct : A. Technology
4. Which of the following is not a part of the macro environment?
Correct : C. Suppliers
5. Cultural values would be part of which of the following factor in macro environment?
Correct : B. Social
6. What does stars symbolize in BCG matrix?
Correct : B. Growth
7. What does red symbolize in BCG matrix?
Correct : C. Harvest & divest
8. The GE 9 cell model is based on
Correct : A. Industry attractiveness & business strength
9. The BCG matrix is based on
Correct : D. Industry growth rate & relative market share
10. In strategic thinking how long is the long term approximately
Correct : D. More than 5 years
11. Low cost, differentiation and focus are example of ____________
Correct : C. Business strategies
12. The ward tactic is most likely to be associated with
Correct : C. Operational strategy
13. In BCG matrix, what is the label of horizontal axis?
Correct : A. Business strategy
14. In BCG matrix, what is the label of vertical axis?
Correct : C. Industry growth rate
15. In GE 9 cell matrix what is the label of the horizontal axis?
Correct : B. Industry attractiveness
16. Another name for GE 9 cell model is
Correct : B. Stop light matrix
17. What does question mark (?) symbolize in BCG matrix?
Correct : A. Remain diversified
18. What do cash cows symbolize in BCG matrix?
Correct : C. Stable
19. What does green symbolize in BCG matrix?
Correct : A. Invest and expand
20. What does yellow symbolize in BCG matrix?
Correct : C. Select and earn
21. Which of the following is not recognized as a misconception about entrepreneurship?
Correct : D. Entrepreneurial ventures and small business are different
22. All of the following are characteristics of small business EXCEPT
Correct : C. Small business emphasis new or innovative practices
23. Which of the following is NOT on the three areas in which the importance of entrepreneurship can be shown?
Correct : D. Bureaucracy
24. The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except
Correct : C. Unemployment
25. All of the following represent countries in which the highest level of entrepreneurial activity was found except
Correct : D. Japan
26. Positive external trends or changes that provides unique and distinct possibilities for innovating and creating value are called _________________________
Correct : B. Opportunities
27. An individual who has no prior business ownership experience as a business founder, inheritor of a business, or a purchaser of the business is called a __________________ entrepreneur
Correct : A. Novice
28. All of the following are popular demographic factors about entrepreneurs that have been study except
Correct : A. Self confidence
29. An individual who has prior business ownership experience is called a _________________ entrepreneur
Correct : B. Habitual
30. The three main responsibilities involved with managing an entrepreneurial venture once its up and running include all of the following except
Correct : C. Managing bureaucracy
31. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction
Correct : A. Development of a new product
32. An advantage of a small firm in the innovation process
Correct : D. Ability of an entrepreneur to act on new ideas or product development
33. External links may provides incentives to
Correct : C. Introduce improvements to products
34. Firms located in science part compared to those located off science park are
Correct : C. More or less innovative
35. Innovative small firms are more likely in
Correct : A. Knowledge based sectors
36. Schumpeter considered that innovative entrepreneur would
Correct : C. Be absorbed within large innovative firms
37. Innovative entrepreneurs face special issues in racing
Correct : D. Seed capital
38. Innovative entrepreneurs may have to pay high insurance premium due to the
Correct : A. The need to protect patterns
39. Networking by innovative entrepreneur may be most encouraged by
Correct : B. Business incubators
40. The most likely problem encountered by innovative entrepreneurs in raising finance is
Correct : C. The exhaustion of personal equality in R&D
41. SBU stands for
Correct : A. Strategic business unit
42. Strategic management is the set of decisions and actions in formulation and implementation of strategic designed to achieve the objective of __________________
Correct : A. An organization
43. “Strategic management is a stream of decisions and actions which leads to the development of an effective strategy or strategies to help achieve corporate objectives” who said?
Correct : C. Jauch & Glueck
44. The strategic management process is the way in which strategic determine objectives and _________________________
Correct : C. Make strategic decisions
45. “Strategic management as the formulation and implementation of plans and carrying out of activities relating to the matters which one of vital pervasive or continuing importance to the total organization “ who said it?
Correct : B. The determination of price of the product and service
47. The overall strategy of any firm comprises decision on ________________
Correct : E. All of these
48. Strategy deals __________________
Correct : D. With choice and direction of an organization
49. Strategic management as distinct management process that involves _______________
Correct : A. An organizations engaging in strategic planning and then an acting on those plans
50. ______________is a set of rules aimed at taking decisions for substance and growth of an organization in a given environment
Correct : B. Strategic management
51. Strategic management includes _____________________
Correct : D. Strategic planning
52. Strategic implementation is concerned with making decisions with regard to
Correct : A. Developing an organizational structure to achieve the strategy
53. Strategic management is based on _______________________
Correct : A. Corporate objectives
54. Strategic management includes ________________
Correct : D. All of the above
55. The concept of strategy is _________________________________
Correct : A. Ancient
56. “Strategy as a pattern in streams of decisions and actions” who said?
Correct : C. Henry mintzberg
57. A strategy is a set of decision making rules which guides and links the human and other resources of an organization and with the challenges and risk posed by
Correct : A. Outside world
58. “Strategy is the pattern of objectives, purpose or goals and major policies and plans for achieving these goals, stated in such a way, so as to define what business the company is in or to be and the kind of company it is or is to be “ who said
Correct : C. Andrews
59. What is the correct statement about strategy?
Correct : E. All of these
60. Policy includes _______________________
Correct : E. All of these
61. Corporate level strategy is formulated by ___________________-
Correct : B. Top management
62. Functional level strategy involves decision making at the operational level with respect to specific functional areas like
Correct : E. All of these
63. Strategy intent includes _______________________
Correct : D. All of these
64. SWOT analysis includes _______________________
Correct : E. All of these
65. Strategic management begins with ____________________
Correct : A. A mission
66. “Mission is the fundamental work given by the society to an organization” who said?
Correct : A. Koontz and O’Donnell
67. A missions aim should always to high but it should not be improper and ____________
Correct : D. Impractical
68. A mission includes ________________________
Correct : E. All of these
69. The process of strategy management starts with ____________________
Correct : C. Determination of mission
70. “The goal is the necessary equipment for conducting of professional units in important fields , the flight of management will be aimless without this because there will neither be any signs nor any early familiar way to know the way” who said
Correct : D. Peter F Drucker
71. The goal includes ________________
Correct : D. All of these
72. Individual goal is a _________________________
Correct : A. Personal goal of an organization member
73. Objectives are _______________________________
Correct : E. All of these
74. Objectives should be __________________
Correct : E. All of these
75. Strategy is designed or formulated on the basis of ______________________
Correct : D. Goals
76. Strategic management includes __________________
Correct : E. All of these
77. ________________thus reflects managerial choices and directions among alternatives and provides the answer of how to achieve the targeted results in the light of organization’s mission and prospects
Correct : C. A strategy
78. The strategic advantages of a small business firm are ___________________
Correct : E. All of these
79. The corporate level management help each strategic business unit ot define its __________________
Correct : D. Scope of operation
80. The _________________________is given the authority to make its own strategic decision within corporate guidelines as long as it meets corporate activities
Correct : A. Strategic business unit
81. Which is an alternatives objective of SBUs as per Kotler?
Correct : E. All of these
82. Business is affected by technological environment to a large extent because it affect the ________________________
Correct : D. Operations of the company
83. SWOT analysis includes _________________________
Correct : E. Al of the above
84. The _______________________analysis is a tool of environment analysis
Correct : A. SWOT
85. Internal environment of an organization includes _______________________
Correct : E. International laws
86. Opportunities are _____________________________
Correct : D. All of these
87. Strength includes ______________________________
Correct : D. All of these
88. Weaknesses include _________________
Correct : E. All of these
89. Strength cover ____________________
Correct : D. All of these
90. Weakness are ___________________
Correct : E. All of these
91. Strategy is related with _____________________
Correct : E. Choice and direction of an organization
92. Which is the basic mode of strategic thinking
Correct : E. All of these
93. Which is the component of retrenchment strategy?
Correct : D. All of these
94. Which is the issue of strategy implementation?
Correct : E. All of these
95. Strength and weakness analysis includes _____________________
Correct : E. All of these
96. SWOT analysis should appraise a firms _________________________________
Correct : E. All of these
97. Which is the stage of strategic management?
Correct : D. All of these
98. Concept of entrepreneurship includes ________________________
Correct : E. All of these
99. Which is the part of concept of entrepreneurship?
Correct : D. All of these
100. Entrepreneurship includes ___________________________