Corporate Strategy MCQs (Chapterwise Multiple Choice Questions)

Developed by Kurt Lewin, the force field analysis helps managers identify the forces that encourage and prevent change in their organizations. According to the force field analysis, how should managers implement change?

By increasing or holding constant driving forces and decreasing restraining forces.

By increasing restraining forces and holding driving forces constant.

By increasing restraining forces and decreasing driving forces.

By increasing driving forces and restraining forces.

Answer & Explanation

Correct Answer: By increasing or holding constant driving forces and decreasing restraining forces.

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There are two major types of diversification. What are they?

Related and unrelated

Static and dynamic

National and international

Strategic and non-strategic

Answer & Explanation

Correct Answer: Related and unrelated

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When growth is vertical, what does this mean for a corporation?

It means that they're developing new products

It means that the products the company sells are from a single product line

It means that the corporation has expanded beyond primary business

It means that the corporation has expanded abroad

Answer & Explanation

Correct Answer: It means that the corporation has expanded beyond primary business

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What duration should a firm undertake to achieve organizational stability?

A long duration at first, followed by a short duration.

A long duration.

A very limited duration.

A company should never achieve organizational stability.

Answer & Explanation

Correct Answer: A very limited duration.

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Which of the following is not a social factor of the PEST analysis?

Career Attitudes

Safety

Population growth rate

Economic growth

Answer & Explanation

Correct Answer: Economic growth

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Allocating capital throughout a diverse portfolio allows corporations to achieve what objective?

Corporate synergy

Corporate synthesis

Corporate diversification

Corporate advantage

Answer & Explanation

Correct Answer: Corporate synergy

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True or False? Benchmarking is comparing a firm's business metrics to the industry's bests.

False

True

Answer & Explanation

Correct Answer: True

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Which error in decision-making typically results when managers have already devoted significant resources to a project but have yet to see financial results?

recency bias

illusions of control

escalation of commitment

prior hypothesis bias

Answer & Explanation

Correct Answer: escalation of commitment

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True or False? The Business Process Improvement system is an approach to help a company achieve efficient results.

True

False

Answer & Explanation

Correct Answer: True

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What benefit would diversification pose for a company such as BP?

It allows a secondary profit channel in the case its main product becomes undesirable

It allows them to sell their primary product in a different market

It allows them to sell different products within their core market

It allows them the opportunity to restructure their core

Answer & Explanation

Correct Answer: It allows a secondary profit channel in the case its main product becomes undesirable

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Corporate Strategy Quick Quiz

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Start Practicing with our MCQs given below.

MCQ on Futures of Strategic Management	MCQ on Going Global strategy
MCQ on Innovation strategy	MCQ on Introduction to Strategy
MCQ on Making or Buying Strategy	MCQ on Resources and Capabilities Strategy
MCQ on Strategic Change	MCQ on Strategic Cooperation and Alliances
MCQ on Strategy Processes	MCQ on Strategy and Organizational Politics
General Corporate Strategy MCQs