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Exam Question
Once an organization has determined how each of its business units should be labeled in terms of the BCG portfolio analysis, it is time to decide what strategy should be used with each. Which of the following is NOT one of the strategies available for use with each SBU?
- 1. Build
- 2. Harvest
- 3. Divest
- 4. Milk
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Exam Question
‘Stars’ operate in a high-growth industry and have
- 1. high market share
- 2. low market share
- 3. high cash generation
- 4. low cash generation
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Exam Question
What is a process
- 1. It assures continuous improvement and employee participation
- 2. It converts inputs into outputs
- 3. Anything that satisfies customers
- 4. Anything that causes change
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Exam Question
Quality chain reaction is the contribution of
- 1. Deming
- 2. Juran
- 3. Crosby
- 4. Garvin
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Exam Question
In the strategic marketing process, once you get results you go into the;
- 1. control phase
- 2. marketing plan
- 3. planning phase
- 4. marketing program
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Exam Question
EPDCA cycle means
- 1. Excellence, Plan, Do, Check, Act
- 2. Evaluate, Plan Do, Check, Amend
- 3. Evolve, Plan, Do, Check, Act
- 4. Edit, Plan, Do, Check, Amend
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Exam Question
‘Synergy’ can best be explained by which of the sums below?
- 1. 2-2=1
- 2. 2+2=5
- 3. 1+1=2
- 4. 2+1=3
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Exam Question
Information, which can be proved true, based on facts obtained through observation, measurement or test is called
- 1. Objective evidence
- 2. Deficiency
- 3. Non conformity report
- 4. Validation report
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Exam Question
A matrix structure violates the principle of
- 1. unity of command
- 2. unity of direction
- 3. scalar chain
- 4. centralization
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Exam Question
The only responsibility of business is to perform its economic functions efficiently and provide goods and services for society and earn maximum profits. The above view has been propounded by which of the following luminaries.
- 1. P. F. Drucker
- 2. D. F. Abell
- 3. Adam Smith
- 4. A. Ginsberg
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Exam Question
In a firm the most important strategist responsiblefor formulation and evaluation of strategy is the-
- 1. Board chairman
- 2. Executive director
- 3. CEO
- 4. SBU head
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Exam Question
Special process requires pre-qualification of the process capability
- 1. True
- 2. False
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Exam Question
A firm shares its offices with another firm in a foreign location to reduce costs. This is an example of:
- 1. Economies of scope
- 2. Economies of Scale
- 3. Integration
- 4. consolidation
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Exam Question
Which of the following is not a pillar of the TQMEX model
- 1. Satisfying customers
- 2. Improvement tools
- 3. System/Process
- 4. Top Management
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Exam Question
An organization’s structure is
- 1. the physical building of the organization
- 2. often represented by an organizational chart
- 3. the raw material assets of an organization
- 4. the patterns of beliefs of the employees
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Exam Question
Kaizen is the teaching of
- 1. Imai
- 2. Deming
- 3. Ishikawa
- 4. Juran
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Exam Question
Design for six sigma (DFSS) is used for an existing product
- 1. True
- 2. False
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Practice set and Exam Quiz
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Exam Question
One of the strengths inherent in the use of the BCG portfolio analysis is that it
- 1. forces firms to assess their SBUs in terms of relative marker share and industry growth rate
- 2. acts as a strong motivational tool for employees in SBUs that have been labeled dogs or problem children
- 3. considers all factors that might impact an SBU’s value to an organization
- 4. is remarkably easy to locate an SBU on the BCG matrix
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Exam Question
Waste means
- 1. Non essential
- 2. Non value adding
- 3. Not earning profit
- 4. Difficult to implement
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Exam Question
Statistical process control is
- 1. A technique for finding best settings on machines
- 2. A method of ensuring consistent levels of product quality by monitoring the production process
- 3. A way to identify and eliminate potential failure modes in an operation
- 4. A means of ensuring that the voice of customer is considered at every stage of design and production
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Corporate Policies question set and give online exam quiz test for Corporate Policies, so you can check your knowledge. You can get MCQ Study and Exam link from home page.
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