Top 150+ Solved Strategic Tourism Management and Entrepreneurial Development MCQ Questions Answer
Q. Strategic management involves _____________________
a. The determination of the organization mission, strategic policies and strategic objectives
b. The determination of price of the product and service
c. Cost
d. Planning with high cost
e. Profit
Q. The overall strategy of any firm comprises decision on ________________
a. Customer mix
b. Product mix
c. Geographic limits of the market to be served
d. Objectives
e. All of these
Q. Strategy deals __________________
a. With demand
b. With product
c. With cost
d. With choice and direction of an organization
e. All of these
Q. Strategic management as distinct management process that involves _______________
a. An organizations engaging in strategic planning and then an acting on those plans
b. An organization’s activity in respect of finance
c. An accounting system
d. An organization
e. None of these
Q. ______________is a set of rules aimed at taking decisions for substance and growth of an organization in a given environment
a. Marketing management
b. Strategic management
c. Accounting
d. Financial management
e. Plan
Q. Strategic management includes _____________________
a. Accounting
b. Product and services
c. Demand
d. Strategic planning
e. Price
Q. Strategic implementation is concerned with making decisions with regard to
a. Developing an organizational structure to achieve the strategy
b. Recording the financial transactions
c. Keeping the records
d. Recording the data
e. None of these
Q. Strategic management is based on _______________________
a. Corporate objectives
b. Financial planning
c. Cost
d. Product
e. Profit
Q. Strategic management includes ________________
a. Organizational mission
b. Organizational objectives
c. Organizational strategies
d. All of the above
e. None of these
Q. The concept of strategy is _________________________________
a. Ancient
b. Old
c. Modern
d. All of these
e. None of these
Q. “Strategy as a pattern in streams of decisions and actions” who said?
a. Shirley peters and Ansary
b. Michael porter
c. Henry mintzberg
d. Yavitz
e. Newman
Q. A strategy is a set of decision making rules which guides and links the human and other resources of an organization and with the challenges and risk posed by
a. Outside world
b. Customer
c. Suppliers
d. Product
e. Service
Q. “Strategy is the pattern of objectives, purpose or goals and major policies and plans for achieving these goals, stated in such a way, so as to define what business the company is in or to be and the kind of company it is or is to be “ who said
a. Michael porter
b. Shirley peters and Ansary
c. Andrews
d. Jauch and glueck
e. All of these
Q. What is the correct statement about strategy?
a. A strategy is the means used to achieve ends
b. Strategy is concerned with matching external opportunities with corporate resources at acceptable levels of profit and risks
c. Strategy is the pattern of an organizations response to its environment overtime
d. A strategy for a firm is a long run plan
e. All of these
Q. Policy includes _______________________
a. Positioning
b. Operational control
c. Growth
d. Financing
e. All of these