MGT603 Midterm MCQs 2024 by Miss Mehwish

Past Papers for Mids./Finals are also Available

Q1. Identify the stages of strategic management process in a precise sequence.

1. Strategy evaluation, strategy implementation & strategy formulation
2. Strategy evaluation, strategy formulation & strategy implementation
3. Strategy formulation, strategy implementation & strategy evaluation
4. Strategy implementation, strategy evaluation & strategy formulation

Correct option: C) Strategy formulation, strategy implementation & strategy evaluation Strategy formulation, strategy implementation & strategy evaluation

Q2. Which of the following best describes the term “finite list” in the context of external audit? Options:

1. A list of key variables that offer actionable responses
2. A list of every possible factor that influences the business
3. A list of all variables that could harm the business
4. A list of all variables that could benefit the business

Correct option: C) A list of all variables that could harm the business

Q3. Which of the following answers the question about the commitment of a firm to growth and financial soundness?

1. Concern for survival, growth, and profitability
2. Philosophy
3. Self-concept
4. Concern for public image

Correct option: A) Concern for survival, growth, and profitability

Q4. In the context of Porter’s five forces all of the followings are the determinants of the threats of new entrants except

1. Buyer information availability
2. Capital requirements
3. Access to distribution
4. Government policies

Correct option: A) Buyer information availability

Q5. The process of monitoring performance, comparing it with goals, and correcting any significant deviations is known as:

1. Organizing
2. Leading
3. Controlling
4. Planning

Correct option: C) Controlling

Q6. Stakeholders of a company include all of the following except

1. Unions
2. General public
3. Consultants
4. Consultants

Correct option: C) Consultants

Q7. "Enduring statements of purpose that distinguish one business from other similar firms” is known as? Options:

1. Vision statement
2. Strategic statement
3. Mission statement
4. None of the given options

Correct option: C) Mission statement

Q8. Which one of the following is often considered the single best measure of a firm's competitive position?

1. Technological position
2. Technological position
3. Marketing position
4. None of the given options

Correct option: D) None of the given options

Q9. Which one of the following two key financial ratios indicates whether a firm's financing decisions have been effective or not?

1. Debt-to-equity ratio and debt-to-total-assets ratio
2. Debt-to-equity ratio and debt-to-total-assets ratio
3. None of the given options
4. Debt-to-total-assets ratio and liquidity ratio

Correct option: A) Debt-to-equity ratio and debt-to-total-assets ratio

Q10. Current assets – inventory/current liabilities ratio is known as?

1. Acid test ratio
2. None of the given options
3. Current ratio