MCQs on Issues in strategic management

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To compete in today's fast-moving, sophisticated world markets, organisations need to be innovative, flexible and be able to deal with short product
MCQs on Issues in strategic management

MCQs on Issues in strategic management

To compete in today’s fast-moving, sophisticated world markets, organisations need to be innovative, flexible and be able to deal with short product life cycles. Here on MCQs.CLUB we have prepared easy Multiple-Choice Questions (MCQs) on global issues in strategic management with example that fully cover practice questions and quizzes on challenges of strategic management, issues in operations strategy, issues in strategy implementation, strategy formulation, the most common challenges in executing a strategic plan, the Emerging issues and Ethical Issues. These MCQs are the basics of Identifying Strategic Issues and Goals and are also helpful for business management exams, competitive exams and professional accountancy exams.

  1. Which of the following is correct for ‘Project’?
    1. A project is a unique undertaking to achieve a specific objective.
    2. A project has a defined beginning and end. Resources like staff and funding are allocated specifically for the length of the project.
    3. Once completed, a project should then become integrated into the normal day to day activities of the business.
    4. All of the above
  1. Which of the following is correct?
    1. A Programme is a portfolio of related projects that, together, help to achieve a strategic objective.
    2. Programme management is the overall direction and control of this portfolio of projects. It includes the management of the interrelationships between the various projects.
    3. Both A&B
    4. None
  1. A successful project requires:
    1. Identification of the required resources and any limitations or constraints with resources.
    2. Quality requirements to be identified and measured.
    3. A project manager with leadership and communication skills.
    4. All of the above
  1. Every project has constraints. The primary ones are the trade-off between time, cost and quality. These are often referred to as the “project triangle”.
    1. True
    2. False
  1. Stages in the project life cycle are:
    1. Identification of a need, Development of a proposed solution
    2. Implementation and Completion
    3. Both A&B
    4. None
  1. The program management maturity model (PMMM) –
    1. Is an industry standard benchmarking process.
    2. It allows an organisation to evaluate a single program, multiple programs, a single division or multiple divisions in comparable terms.
    3. The Project Management Maturity Model (PMMM) is an accreditation about how well a company has managed its project.
    4. All of the above
  1. To compete in today’s fast-moving, sophisticated world markets, organisations need to be innovative, flexible and be able to deal with short product life cycles. There is also constant pressure to reduce costs. This has led to the development of lean systems.
    1. The above statement is correct
    2. The above statement is incorrect
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