MGT503 Final Term MCQs 2026 by VUBuddy

Q1. Strategy analysis involves evaluating the position of the organization in relation to its environment. It refers as:

1. Rational analysis
2. Situation analysis
3. Competitor analysis
4. SWOT analysis

Correct answer: Situation analysis

Q2. The BCG Matrix is used primarily for:

1. Analyzing market share and growth rate of business units.
2. Assessing employee productivity levels.
3. Forecasting economic trends in the market.
4. Determining the financial viability of a company.

Correct answer: Analyzing market share and growth rate of business units.

Q3. Which of the following refers to the responsibility for achieving objectives, using resources effectively, and adhering to organizational policy?

1. Delegation
2. Authority
3. Accountability
4. Responsibility

Correct answer: Accountability

Q4. A plan used to operationalize any other kind of plan is called:

1. Directional plan
2. Specific plan
3. Action plan
4. Reaction plan

Correct answer: Action plan

Q5. Goals are often called which of the following?

1. A lot of other names by various organizations
2. The basis for all the other functions
3. The foundation of planning
4. Managements’ do or die objectives

Correct answer: The foundation of planning

Q6. The owner of a chain of supermarkets sets a goal of opening up ten new stores in new locations within the next six years. Which one of the following plans it is?

1. Directional
2. Standing
3. Short-range
4. Long-range

Correct answer: Long-range

Q7. Which of the following is NOT a process for motivating employees through management by objectives (MBO)?

1. Managers make performance appraisals of employees
2. Managers set objectives for the employees
3. Managers develop action plans
4. Managers and employees periodically review the employee's performance

Correct answer: Managers develop action plans

Q8. The continuous line of authority that extends from the upper levels of management to the lowest levels of the organization is called:

1. Chain of command
2. Authorized line of responsibility
3. Unity of command
4. Responsibility factor

Correct answer: Chain of command

Q9. "XYZ Company focuses solely on personal hygiene products like deodorant and body creams. What type of

1. Prospecting
2. Cost leadership
3. Emergent
4. Focus

Correct answer: Focus

Q10. What would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers' actions?

1. Tactical plans
2. Holistic plans
3. Strategic plans
4. Operational plans

Correct answer: Strategic plans

Q1. In the BCG Matrix, which quadrant represents products with high market share in a fast-growing market?

1. Question Marks
2. Dogs
3. Cash Cows
4. Stars

Correct answer: Stars

Q2. In the MBO system:

1. Progress is periodically reviewed
2. Goals are only reviewed at the time of completion
3. Objectives are determined by management
4. Goals are used as controls

Correct answer: Progress is periodically reviewed

Q3. Which of the following is a process that involves managers from all parts of the organization in the formulation of strategic goals?

1. Strategic management
2. Strategic organizing
3. Strategic positioning
4. Strategic planning

Correct answer: Strategic planning

Q4. In a workplace context, autonomy primarily refers to:

1. The authority to direct others' work.
2. The responsibility to follow strict guidelines.
3. The freedom to make decisions within one’s own role.
4. The level of supervision received by employees.

Correct answer: The freedom to make decisions within one’s own role.

Q5. Which one of the following planning dominates managers’ planning efforts at lower levels of the organization?

1. Operational
2. Strategic
3. Tactical
4. Corporate

Correct answer: Operational

Q6. What is entrepreneurship primarily about?

1. Starting and managing a new business venture
2. Working for a large corporation
3. Investing in stocks
4. Selling products

Correct answer: Starting and managing a new business venture