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Model Answers - Extra Quiz

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Model Answers - Extra Quiz

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Computer Engineering Program Program: CMP

Academic Year: 2022/2023 Semester: Spring


Strategic
Course Code: GEN3252 Course Title:
Management
Day: Thursday Date: May 18th, 2023
Time: 15 minutes Full Mark: 10

Extra quiz for students with a cumulative score (quizzes 1 through 4) of 60% or less
Student name: Student code:
Instructions:
- Select the best answer for each question.
- One correct answer is equivalent to one mark.
- One wrong answer results in a deduction of half of a mark.

1. Which stage of the strategy-formulation framework includes an IFE Matrix and the Competitive Profile
Matrix?
a) Decision
b) Research
c) Penetration
d) Input
e) Matching
2. The match an organization makes between its internal resources and skills and the opportunities and
risks created by its external factors can be defined as
a) input.
b) weakness.
c) concept formulation.
d) SWOT.
e) strategy.
3. Good intuitive judgment is always needed to determine appropriate weights and ratings in the input
stage matrices.
a) True
b) False
4. How many cells are in a SWOT Matrix?
a) Four
b) Two
c) Eight
d) Six
e) Nine
5. The SWOT matrix, if used appropriately, does not have any limitations.
a) True
b) False
6. The two internal dimensions represented on the axes of the SPACE Matrix are
a) competitive position and financial position.
b) financial position and stability position.
c) internationalization and competitive position.
d) industry position and internationalization.
e) stability position and industry position.

1
7. Which of the following is a limitation associated with a SWOT Matrix?
a) Many businesses fall right in the middle of the matrix.
b) Other variables besides relative market share position and industry growth rate in sales need
to be considered.
c) Viewing every business as a Star, Cash Cow, Dog, or Question Mark is an oversimplification.
d) It is a static assessment in time.
d) The matrix does not reflect whether or not various divisions or their industry are growing over
time.
8. The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.
a) True
b) False
9. The Boston Consulting Group (BCG) Matrix is designed specifically to enhance which type of firm's
efforts to formulate strategies?
a) Large companies
b) Companies with more than one division
c) Companies with annual sales of less than $1 million
d) Companies with annual sales greater than $1 million
e) All companies
10. What analytical tool has four quadrants based on two dimensions: competitive position and market
growth?
a) Internal-External (IE) Matrix
b) Strategic Position and Action Evaluation (SPACE) Matrix
c) Grand Strategy Matrix
d) Competitive Profile Matrix (CPM)
e) Quantitative Strategic Planning Matrix (QSPM)

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