Past Exams Questions for Business Strategy

Topics: Porter generic strategies, Strategic management, Multiple choice Pages: 10 (2154 words) Published: December 18, 2012

Note to Students: Providing a copy of this paper does not signify that future papers will follow the exact same format.

SAMPLE EXAM (Worth 50% of final grade)

Note: Final exam format may somewhat vary.

This final exam will use multiple choice questions. You will be required to answer 100- 120 multiple choice questions in 3 hours and enter your answers using the Scantron sheet that had been provided to you. You will get 1 point for every correct answer. You will lose 0.25 points for every incorrect answer or for making multiple answers to a question. You will not get or lose any points for leaving a question blank.

For example, a student answered 100 out of 120 questions. Of these s/he got 84 questions right, 16 questions wrong, and did not answer 20 questions. So the final mark will be ((84*1) – (16*0.25)). Thus the student’s final score will be 80 points out of 120 points.

Here are some examples of multiple choice questions:

1.As per class slides, strategy is generally made using a time frame of years (a) 1 year (b) 2 years (c) 3-5 years
(d) Depends on industry

2.The three fundamental questions of strategy are
(i)what is the plan
(ii)who should make the plan
(iii)how much time and resources should be devoted to planning (iv)all of the above
(v)none of the above

3.A company’s strategy is a blend of planned initiatives and emergent adjustments (i)true

4.Which of the following is not one of Porter’s 5 Forces (i)bargaining power of buyers
(ii)threat of substitutes
(iii)bargaining power of government
(iv)bargaining power of suppliers
(v)threat of rivalry

5.Which of the following is false? Bargaining power of buyers is strong when (i)buyers switching costs for substitutes is low
(ii)buyers are well-informed about prices and products (iii)buyers threaten to integrate backwards
(iv)buyers are small
(v)the number of buyers is small

6.As per Barney’s article, the following 4 questions must be answered in order to understand whether or not the strengths are resources or capabilities (i)the question of value
(ii)the question of rareness
(iii)the question of inimitability (iv)the question of organization (v)all of the above

7.As per the Hambrick and Fredrickson article, most strategic plans only emphasize one or two of the five elements of a good strategy (i)true

8.Parent companies (i.e., Corporate Headquarters) destroy value in 4 ways. Which of the following is NOT one of the 4 ways (i)through synergy influence
(ii)through central functions and services
(iii)through corporate development activities
(iv)all of the above are true (i.e., none are false)

9.As per one of the videos of Henry Mintzberg discussing decision-making, strategy is a combination of 3 aspects. Choose the best answer (i)art (ii)craft (iii)science
(iv)all of the above (i.e., art, craft, science) are true (v)all of the above (i.e., art, craft, science) are false

10.Which of the following statements is FALSE as per ‘The World is Flat’ video (i)UPS and Toshiba were used as an example of insourcing (ii)globalization 2.0 occurred due to countries globalizing (iii)the fall of berlin wall is one of the 10 flatteners (iv)offshoring is one of the 10 flatteners

(v)outsourcing is one of the 10 flatteners

11.A good strategy is one that is (a) Deliberate
(b) Emergent
(c) A combination of deliberate and emergent strategy (d) Authentic
(e) All of the above

12.Answering the question, ‘Where are we Now’ requires a focus on 2 situational issues (a) Company’s winning move for the future
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