Exam Questions with Actual Answers
2025-2026 Updated.
Which chapter of the bankruptcy code applies to municipalities?
a.Chapter 9
b.Chapter 13
c.Chapter 7
d.Chapter 12
e.Chapter 8 - Answer Chapter 9
Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter
design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than
rivals.
true or false - Answer true
A chief executive officer is located in the divisional level of a large firm.
true or false - Answer False
Unrelated diversification is an appropriate strategy when an organization's present channels of
distribution can be used to market the new products to current customers.
true or false - Answer true
Yum Brands owns
a.a small share of its outside-U.S. restaurants.
b.virtually all of its outside-U.S. restaurants.
c.nearly half of its outside-U.S. restaurants.
d.none of its outside-U.S. restaurants.
e.a substantial majority of its outside-U.S. restaurants. - Answer virtually all of its outside-U.S.
restaurants.
Procter & Gamble's (P&G) sale of many of its brands in order to focus on its core brands is an
, e.Liquidation - Answer Divestitured.Retrenchment
What occurs when two or more companies form a temporary partnership or consortium for the
purpose of capitalizing on some opportunity?
a.Liquidation
b.Retrenchment
c.Forward integration
d.A joint venture
e.Divestiture - Answer A joint venture
Which of the following is the first step in developing a QSPM?
a.Assign weights to each key external and internal factor.
b.Make a list of the firm's key external opportunities and threats and internal strengths and
weaknesses in the left column of the QSPM.
c.Examine the Stage 2 matrices and identify alternative strategies the organization should
consider implementing.
d.Compute the Total Attractiveness Scores.
e.Determine the Attractiveness Scores. - Answer Make a list of the firm's key external
opportunities and threats and internal strengths and weaknesses in the left column of the
QSPM.
The top row of a Quantitative Strategic Planning Matrix (QSPM) consists of alternative strategies
derived from all of the following EXCEPT
a.Internal-External (IE) Matrix.
b.Competitive Profile Matrix (CPM).
c.Grand Strategy Matrix.
d.Boston Consulting Group (BCG) Matrix.
e.Strategic Position and Action Evaluation (SPACE) Matrix. - Answer Competitive Profile Matrix
(CPM).
Which of these is a limitation of QSPM?
a.Strategies cannot be examined sequentially.
b.Only a few strategies can be evaluated at once.