BPL Test Questions with
Correct Answers
Strategic management revolves around making tradeoff decisions between efficiency
and effectiveness. - Answer-True
If companies miscalculate the market, opportunities will be lost. - Answer-True
Financial analysis provides an accurate way to assess the relative strengths of firms
and can be used as a complete guide to study companies. - Answer-False
Michael Porter's three generic strategies are the overall price leadership, differentiation
and focus. - Answer-False
Corporate level strategies should primarily revolve around portfolio management -
Answer-False
In a global strategy a firm operates all of its businesses under different strategies by
different locations. - Answer-False
Paying lucrative severance packages to recently fired managers as a result of a
takeover is an example of Golden parachute. - Answer-True
Benefits of horizontal organizational structure include creating sense of common
purpose and facilitating resource sharing - Answer-True
Strategic management is the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages. - Answer-True
The goal of a SWOT analysis is for a firm to recognize and build its strategy's strengths,
remedy the weaknesses or understand how to navigate it, take advantage of
opportunities presented by the environment, and protect its firm from threats. - Answer-
True
Having many intangible resources allows for competitors to easily replicate you or
account for it. - Answer-False
The maturity stage of an industry life cycle is characterized by strong increases in sales,
spurring aggregate demand, and increasing revenues from customers trying the product
and a growing proportion of repeat purchases by satisfied customers. - Answer-False
Correct Answers
Strategic management revolves around making tradeoff decisions between efficiency
and effectiveness. - Answer-True
If companies miscalculate the market, opportunities will be lost. - Answer-True
Financial analysis provides an accurate way to assess the relative strengths of firms
and can be used as a complete guide to study companies. - Answer-False
Michael Porter's three generic strategies are the overall price leadership, differentiation
and focus. - Answer-False
Corporate level strategies should primarily revolve around portfolio management -
Answer-False
In a global strategy a firm operates all of its businesses under different strategies by
different locations. - Answer-False
Paying lucrative severance packages to recently fired managers as a result of a
takeover is an example of Golden parachute. - Answer-True
Benefits of horizontal organizational structure include creating sense of common
purpose and facilitating resource sharing - Answer-True
Strategic management is the analyses, decisions, and actions an organization
undertakes in order to create and sustain competitive advantages. - Answer-True
The goal of a SWOT analysis is for a firm to recognize and build its strategy's strengths,
remedy the weaknesses or understand how to navigate it, take advantage of
opportunities presented by the environment, and protect its firm from threats. - Answer-
True
Having many intangible resources allows for competitors to easily replicate you or
account for it. - Answer-False
The maturity stage of an industry life cycle is characterized by strong increases in sales,
spurring aggregate demand, and increasing revenues from customers trying the product
and a growing proportion of repeat purchases by satisfied customers. - Answer-False
