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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

A ”Strategic plan’ is also called?
A long term plan
B short term plan
C Both A and B
D none of above
Correct Answer: long term plan
When the company has a single product line, it is said to be a part of?
A concentration strategy
B market penetration
C product development
D both a & b
Correct Answer: concentration strategy
The ‘Volvo’ stresses more safe cars as compared to others in market, this can be an example of?
A diversification
B cost leadership
C consolidation
D competitive advantage
Correct Answer: competitive advantage
The HR maturity of the company with respect to its strategic goals is measured by?
A Human Resource Development (HRD) scorecard
B HR scorecard
C both A and B
D none of above
Correct Answer: Human Resource Development (HRD) scorecard
The ‘market saturation’ can be the best classified as?
A potential opportunities
B potential Threats
C potential Strengths
D potential Weaknesses
Correct Answer: potential Threats
The ‘cost advantages’ can be the best classified as?
A potential opportunities
B potential Threats
C potential Strengths
D potential Weaknesses
Correct Answer: potential Strengths
Downside of management by objectives is?
A time consuming
B large capital is needed
C large pool of human capital is required
D both A and B
Correct Answer: time consuming
How many types of strategies are there in strategic planning?
A 3
B 4
C 5
D 6
Correct Answer: 3
In setting SMART goals, ‘T’ stands for?
A timely
B tricky
C transparent policies
D none of above
Correct Answer: timely
Which are not related to firm’s existing business in adding new product lines?
A related diversification
B conglomerate diversification
C diversification
D all of above
Correct Answer: conglomerate diversification
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