Strategy MCQ Past Questions (With Answers) (set 1) PDF

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Strategy MCQ Past Questions (With Answers) (set 1)...

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MCQ Sample Questions & Answers Question #1 (5 points) SLM is the process of managing a delivered IT service using formal SLA's? True False

Question #2 (5 points) The model of informed consent prohibiting an organization from collecting any personal information unless the individual specifically takes action to approve information collection and use is called Opt In Opt Out Fair Information practices Accountability

Question #3 (5 points) Eisenhardt argued that strategy was about picking a position and leveraging competence True False

Question #4 (5 points) The planning process, according to Mintzberg, relates to which one of the following: The subjective The objective The logical The Rational

Question #5 (5 points) Fit is essential to strategy according to porter which one of the

following does NOT support his idea of fit: Fit creates a system of activities which are more sustainable than other options Fit requires a high level of integration of decisions and actions Fit locks out imitators by creating a strong string of activities Fit creates the need for choice and limit what the company offers

Question #6 (5 points) Which one of the following differentiates strategic planning from other types of management activity: The design of a framework to evaluate return on investment from IS expenditure The decomposition of an organisation’s data and information The creation of a system to examine optimum use of software applications The synthesis of data and information collected

Question #7 (5 points) Eisenhardt in her article "Has Strategy Changed" argued that the dichotomy of "stick to the core" versus "creative destruction" is valid and that companies need to focus on creative destruction in a high velocity world True False

Question #8 (5 points) Earl described four sector types. He defined firms in the Delayed Sector as firms where: Business and functional strategies require major IT support. IT has no strategic impact IS Strategy mode is business led. IS Strategy mode is opportunity led.

Question #9 (5 points) The “Formulation and Assessment of IT strategy” stage defined in the “Six Stages of IT Strategic Management”, includes which of the following: (c) Evaluation of the operating systems

(b) Issue of sourcing, timing and vertical/horizontal strategies for IT resources (d) Assessment of financial needs (a) Analysis of the external business environment

Question #10 (5 points) Strategic Position requires trade-offs, according to Porter. In which one of the following situations should Trade-offs occur? When activities are compatible When there are no inconsistencies with a company's image or reputation When activities are incompatible Where there are no limits on internal coordination and control

Question #11 (5 points) Mintzberg argued that emotion is part of the cognitive process. True False

Question #12 (5 points) Porter, discussing Strategy and the internet, argued that: Market signals can be distorted during the early stages of the roll out of any new technologies Deployment of the internet increases switching cost and creates a strong networking effect During the early deployment of Internet Technologies, the market gave accurate signals as to long-term viability The use of the internet in business has introduced new rule to competition, which contrasts greatly to the more traditional rule of competition

Question #13 (5 points) A service catalogue contains a description of IT services and levels which are specific to a particular area of an organisation. True False

Question #14 (5 points)

The co-ordination of the internal processes of the firm by integrating data from manufacturing and distribution, finance, sales and human resources creates a(n)? Enterprise System Intranet Digital Firm Supply chain management system

Question #15 (5 points) Which one of the following , according to Mintzberg(“Decision Making…”), is not a desired model for decision making: Seeing First Implementing First Thinking First Doing First

Question #16 (5 points) Liability means assessing responsibility for decisions made and actions taken. True or false? True False

Question #17 (5 points) The situation in which one accepts the potential costs duties and obligations for the decisions made is called Liability Accountability Responsibility Informed Consent

Question #18 (5 points)

The set of principles governing the collection and use of information about individuals, which form the basis of most U.S. and European privacy laws, is called Informed Consent Due Process Accountability Fair Information Practices

Question #19 (5 points) Liability means assessing responsibility for decisions made and actions taken. True or false? True False

Question #20 (5 points) The Statement that if "an action is not right for everyone to take it is not right for anyone to take" is an expression of: The Utilitarian Principal Descart's rule of change The Risk Aversion Principal Kant's Categorical Imperative

Question #21 (5 points) Strategic positions are NOT based on which one of the following (from Porter) Accessed based positioning Needs based positioning Variety based positioning Trade off positioning

Question #22 (5 points) Bounded change is difficult to manage because its scope and impacts cannot be fully determined True or False? True

False

Question #23 (5 points) The Scope of the service level management process involves the IT services organisation and the customer organisation together with Internal Departments and External Suppliers? True False

Question #24 (5 points) The ethical No Free lunch rule states that an action must do the least harm or incur the least cost. True or False? True False

Question #25 (5 points) In Change Management, Role to position mapping is about: Analysing the current state of the org with reference to the changes it will need to undertake for the new system Detailed Analysis of what the new system will deliver for the organisation Analysing what people do now and seeing how they will fit in with the new way of doing things Building a detailed map of those who will be affected by the new system

Question #26 (5 points) Eisenhardt in her article "Has Strategy Changed" argues that the main challenge in relation to sustainable competitive advantage is: Coping with not knowing if it exists except in retrospect Ensuring a tight fit between all strategic activities Being able to create a unique chain of activities which prevent competitors from copying your position Being able to create a strategy over the long term so as to maintain such an advantage

Question #27 (5 points) According to Mintzberg Realised Strategy tends to rely on the separation of formulation and implementation? True

False

Question #28 (5 points) Strategic positions are NOT based on which one of the following (from Porter) Needs based positioning Variety based positioning Activity Based Positioning Accessed based positioning

Question #29 (5 points) Mintzberg argued that good decision making was based on A clearly identified and well-structured process Understanding which is driven by the visual as well as the conceptual a seeing first approach Experimentation where the deciders learn through doing A mixed approach of science, art and craft

Question #30 (5 points) Trade-offs are essential to strategy, according to Porter as they: Enable CIO's to employ one one type of technology over another but knowing the implications of such a choice Create the need for choice and limit what a company offers Reinforce other activities towards achieving competitive advantage Lock out imitators

Question #31 (5 points) Enterprise Software: Eliminates links between Creates a new sales management Models and automates many business processes Must be accessible from the internet

Question #33 (5 points)

Which one of the following is a type of Strategic fit according to Porter? Key success factors Activities which are unique Sustainable positioning Consistency between functions

Question #34 (5 points) Mintzberg argued that one of the pitfalls of planning is that it can reduce the role of senior management's intuition: True False

Question #35 (5 points) Eisenhardt has argued that fast moving markets driven by ICT and particularly by the internet are fundamental drivers of the new real economy True False

Question #36 (5 points) The problem with patent protection is that digital media cannot be patented True or False? True False

Question #37 (5 points) Strategic Position requires trade-offs, according to Porter. In which one of the following situations should Trade-offs NOT occur? When activities are incompatible When there are no inconsistencies with a company's image or reputation When machinery, people or systems are not flexible enough to cope with new initiatives Where there are limits on internal coordination and control

Question #38 (5 points) Porter argued that Competitve advantage:

Means performing similar activities to competitiors but at a lower cost Means performing similar activities better than rivals perform them Means the ability to establish a difference than a company can preserve Is limited to efficiency

Question #39 (5 points) Managing change in organisation, ultimately, is a disciplined activity requiring planning, scheduling and resource allocation. True False

Question #40 (5 points) Mintzberg argued that change arising from a formal planning process tends to be which one of the following: Of a quantum nature rather than incremental Generic rather than creative Oriented towards the long term rather than the short Innovative more than flexible

Question #41 (5 points) In the "Six Stages of IT Strategic Management", it was argued that their Methodology should, in the main be followed in a sequential fashion, as with all successful approaches. True False

Question #42 (5 points) Mintzberg argued that the “science view” of decision making is most appropriate where the situation is novel and confusing True

False

Question #43 (5 points) Porter argued that Operational Effectiveness: Means performing similar activities better than rivals perform them Is limited to efficiency Means the ability to establish a difference that the company can preserve Means performing similar activities to competitors but in a different way

Question #44 (5 points) Eisenhardt in her article “Has strategy changed” agreed with porter by stating that strategy continues to be about being different True False

Question #45 (5 points) Eisenhardt in her article “Has strategy changed” disagreed with porter by stating that strategy continues to be about being different True False

Question #46 (5 points) After major function systems are in place, horizontal systems are created which automate business processes across Customer procedures and processes Functional and Hierarchical boundaries Financial and accounting boundaries Geographical networks

Question #47 (5 points) The best approach to strategic planning according to Mintzberg, is to have a strategy where your ability to react to unexpected events and changing environment is singularly important? True False

Question #48 (5 points) Earl’s Top-Down approach to IT Strategy Formulation involved which of the following: Being creative in your approach to identifying IT opportunities. Clarification of Business Plans. Treating IT slightly differently from other functions given it must support all parts of the organisation. Evaluation of the IT current systems.

Question #49 (5 points) Strategic positions are based on which one of the following? Activity fit positioning Cost based positioning Accessed based positioning Trade off positioning

Answers 1. True 2. Opt In 3. False 4. 5. 6. 7. 8. 9.

The Rational Fit creates the need for choice and limit what the company offers The synthesis of data and information collected False IT has no strategic impact Issue of sourcing, timing and vertical/horizontal strategies for IT resources

10.When activities are incompatible 11.True 12.Market signals can be distorted during the early stages of the roll out of any new technologies 13.True 14.Enterprise System 15.Implementing First 16.True 17.Responsibility 18.Fair Information Practices 19.True 20.Kant's Categorical Imperative 21.Trade off positioning 22.False 23.True 24.False 25.Building a detailed map of those who will be affected by the new system 26.Coping with not knowing if it exists except in retrospect 27.True 28.Activity Based Positioning 29.A mixed approach of science, art and craft 30.Create the need for choice and limit what a company offers 31.Models and automates many business processes 32.True 33.Consistency between functions 34.True 35.False 36.True 37.When there are no inconsistencies with a company's image or reputation 38.Means the ability to establish a difference than a company can preserve 39.True 40.Generic rather than creative 41.False 42.False 43.Means performing similar activities better than rivals perform them 44.True 45.False 46.Functional and Hierarchical boundaries 47.True 48.Clarification of Business Plans. 49.Accessed based positioning...