MGT603 Midterm Past Paper Spring 2010

Time: 60 min

Marks: 44

Q1. Various job titles of a strategist may include all of the following EXCEPT: (1 marks)

1. Owner
2. Foreman
3. Chancellor
4. Chief executive officer

Q2. Long-term objectives includes all of the following EXCEPT: (1 marks)

1. Measurable
2. Reasonable
3. Varying
4. Consistent

Q3. All of these are pitfalls of an organization in strategic planning EXCEPT: (1 marks)

1. Failing to involve key employees in all phases of planning
2. Using strategic planning to gain control over decisions and resources
3. Using plans as a standard for measuring performance
4. Being so formal in planning that flexibility and creativity are stifled

Q4. The organizations that conduct business operations across national borders are known as: (1 marks)

1. Multinational corporations
2. Domestic firms
3. Strategic alliances
4. Franchises

Q5. A mission statement should “reconcile interests among diverse stakeholders”. What does it mean? (1 marks)

1. All shareholders must be satisfied
2. Shareholders should be given preference over customers
3. Firm will devote attention to meeting claims of various stakeholders pg 23
4. Firm will devote its attention towards the maximization of shareholders value

Q6. Which component of a mission statement addresses the basic beliefs, values, aspirations, and ethical priorities of the firm? (1 marks)

1. Technology
2. Philosophy
3. Customers
4. Self-concept

Q7. “Identifying and evaluating social, political, economic, technological and competitive trends and events”; which of the followings best describes this statement? (1 marks)

1. Developing an effective mission statement
2. Conducting an internal audit
3. Performing an external audit
4. Formulating strategy

Q8. Suppose, the value of the currency of a certain country falls, what can be the effect on companies in Different Industries and in Different Locations in that country respectively? (1 marks)

1. Significant and equal
2. Marginal and equal
3. Significant and unequal
4. Insignificant and unequal

Q9. What will happen to the Pakistani exports in overseas markets when there is a strong value of rupee? (1 marks)

1. Pakistani exports will be less expensive
2. Pakistani exports will be more expensive
3. Pakistani exports will be more attractive
4. Pakistani exports will be desirable