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MGT103 - Quiz 2 Questions and Answers (100% Pass)
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MGT103 - Quiz 2 Questions and Answers (100% Pass)
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1|Page | © copyright 2024/2025 | Grade A+MGT103 - Quiz 2 Questions and
Answers (100% Pass)
Which one of the following is NOT a purpose of goals?
A. Goals provide an effective mechanism for evaluation and control.
B. Goals can serve as a source of motivation for an organization's employees.
C. Goals are used to forecast potential issues
D. They provide guidance and unified direction for people in the organization.
✓ C
The primary distinction between strategy formulation and strategy
implementation is along the lines of _____ versus ______: The formulation stage
determines what the strategy is, and the implementation stage focuses on
how the strategy is achieved.
A. efficiency; effectiveness
B.mission; vision
C.content; process
D.strategy; tactic
✓ C
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
__________ are to battles what strategy is to a war: an organized sequence of
steps designed to execute strategic plans.
A. Operational plans
B.Sequential plans
C.Tactical plans
D.Organizational plans
✓ C
During the _________ stage, overall demand growth for a product begins to
slow down, and the number of new firms producing the product begins to
decline.
A.maturity
B.decline
C.introduction
D.growth
✓ A
The BCG matrix suggests that organizations should invest carefully in
_________. If their performance does not live up to expectations, they should
be reclassified as _______ and divested.
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
A.stars; cash cows
B.question marks; dogs
C.cash cows; dogs
D.dogs; question marks
✓ B
Strategy _________ is the set of processes involved in creating or determining
the organization's strategies.
A.evaluation
B.implementation
C.execution
D.formulation
✓ D
Distinctive competencies can also be known as___________.
A.internal strengths
B.external opportunities
C.external differences
D.internal issues
Master01 | October, 2024/2025 | Latest update
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