Khurri

Which of the following can be identified as a best statement that represents a firm's big picture statement, describing a desired end-state, general in scope and not restrictive? a. Corporate philosophy statement b. Company creed c. Vision statement d. Mission statement 2. One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material wastage is not more than 10%. She spends her day performing the management process of ________. a. Planning b. Organizing c. Leading d. Controlling 3. All of the following are key opportunities and threats in external environment because of political, government & legal forces except: a. Tax rates b. Social security programs c. Cross boarder relationships d. Patent laws 4. Which of the following statements in relation to the five forces framework is correct? a. The framework assists in developing a broad perspective on the environment within which an organization is operating. b. The framework is not appropriate in non-profit organizations. c. The framework is a mean of identifying the forces which affect the level of competition in an industry or sector. d. The framework identifies the major stakeholders of an organization. 5. Financial ratios are helpful in analyzing the relationship among: a. All assets and liabilities of a business b. All profits and costs of a business c. All functional areas of a business d. All sales and profitability of a business 6. Internal audit is done _________ a. Before external audit b. After external audit c. Parallel to external audit d. Vertical to external audit 7. Which of the following may not be considered as the component of a mission statement? a. Purpose and values of the organization b. Business the organization wants to be in c. Main objectives supporting the company in accomplishing its mission d. Concentrates future and provides clear decision-making criteria 8. Bargaining power of consumers is high if: a. Differentiation of competitors’ products is low b. Switching costs are low for substitute products c. The buyer has little information about the market d. The buyer requires a high quality product for own production 9. The magnitude of changes that may affect an organization’s survival owing to all of the following except: a. Merger-mania b. Demographics c. E-commerce d. Dubious firms 10. Which of the following requires a firm to establish annual objectives, devise policies, motivate employees and allocate resources for the execution of strategies? a. Strategy formulation b. Strategy implementation c. Strategy evaluation d. Strategy estimation

AyeshaCH

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waqara

1. Which of the following can be identified as a best statement that represents a firm's big picture statement, describing a desired end-state, general in scope and not restrictive?d. Mission statement2. One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material wastage is not more than 10%. She spends her day performing the management process of ________.d. Controlling3. All of the following are key opportunities and threats in external environment because of political, government & legal forcesexcept:c. Cross boarder relationships4. Which of the following statements in relation to the five forces framework is correct?a. The framework assists in developing a broad perspective on the environment within which an organization is operating.5. Financial ratios are helpful in analyzing the relationship among:b. All profits and costs of a business6. Internal audit is done _________a. Before external audit7. Which of the following may not be considered as the component of a mission statement?d. Concentrates future and provides clear decision-making criteria8. Bargaining power of consumers is high if:b. Switching costs are low for substitute products10. Which of the following requires a firm to establish annua objectives, devise policies, motivate employees and allocate resources for the execution of strategies?b. Strategy implementation