Theme 3
Business Decisions & Strategy Quiz
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Q1.
A corporate objective is:
Q2.
A mission statement states:
Q3.
Ansoff's matrix identifies four growth strategies. Which pair is highest risk?
Q4.
Porter's generic strategy of cost leadership requires:
Q5.
Porter's differentiation strategy focuses on:
Q6.
A 'stuck in the middle' firm:
Q7.
In Porter's Five Forces, high barriers to entry:
Q8.
Buyer power is high when:
Q9.
The threat of substitutes rises when:
Q10.
The Boston Matrix classifies products by:
Q11.
A 'dog' in the Boston Matrix has:
Q12.
SWOT analysis strengths and weaknesses are:
Q13.
PESTLE analysis is used to assess:
Q14.
Investment appraisal compares:
Q15.
Payback period is:
Q16.
Average rate of return (ARR) is calculated as:
Q17.
A positive net present value (NPV) means:
Q18.
Sensitivity analysis assesses:
Q19.
A quantitative sales forecast method includes:
Q20.
Extrapolation assumes:
Q21.
A key risk of over-reliance on forecasts is:
Q22.
Which is a source of competitive advantage?
Q23.
Change management is important because:
Q24.
Lewin's model of change has three stages:
Q25.
A key barrier to change is:
Q26.
Corporate culture is:
Q27.
Handy's 'power culture' is characterised by:
Q28.
A role culture (Handy) is typical of:
Q29.
Strategic decisions differ from tactical because they are:
Q30.
Contingency planning helps a business cope with:
Q31.
Business continuity planning aims to:
Q32.
A KEY reason companies internationalise:
Q33.
A merger differs from a takeover in that:
Q34.
Synergy in mergers means:
Q35.
Vertical integration backward means acquiring:
Q36.
A joint venture involves:
Q37.
The Greiner growth model suggests each growth stage ends in:
Q38.
A key stakeholder conflict may arise between:
Q39.
Which is a Herzberg motivator?
Q40.
A matrix organisational structure:
Q41.
Delayering means:
Q42.
A common risk of rapid growth is:
Q43.
Retrenchment refers to:
Q44.
Which is an example of a leadership style suited to a crisis?
Q45.
Kotter's 8-step model of change begins with:
Q46.
A learning organisation:
Q47.
Which is a driver of change in modern business?
Q48.
Blake-Mouton's grid classifies leaders by concern for:
Q49.
A well-defined vision statement helps by:
Q50.