Home > Student Resources > Chapter 11: Strategic management... > Multiple choice questions >
     
Chapter 11: Strategic management...
Multiple choice questions

These multiple choice questions will enable you to assess your understanding of the core material covered in this chapter of Management Accounting for Non Specialists.

After you have clicked on your choice of answer to each question, you can submit your answers for instant automated marking and feedback.

1 .       A SWOT analysis is an example of a: [Hint]



2 .      

What is the validity of the following statements, relating to a SWOT analysis?

(1) Strengths and opportunities relate to internal factors.

(2) Weaknesses and threats relate to external factors.

 
Statement
 
(1)
(2)
A
True
True
B
True
False
C
False
True
D
False
False
[Hint]



3 .       Which one of the following is not an aspect of profit or contribution arising from a change in strategy? [Hint]



4 .      

What is the validity of the following statements?

(1) A customer profitability analysis seeks to establish how much profit each customer makes for itself.

(2) A competitor profitability analysis seeks to establish how profitable each competitor is and each one's cost structure.

 
Statement
 
(1)
(2)
A
True
True
B
True
False
C
False
True
D
False
False
[Hint]



5 .       Strategic management is generally accepted as having five steps.
These are (not in the correct order):
1, Establish mission and objectives;
2, Identify and assess the strategic options; and
3, Undertake a position analysis.

Which is the correct order in which these three would be carried out? [Hint]



6 .       Creating shareholder value is a four-stage process.
The four stages are (not in the correct order):
1, Generate shareholder returns;
2, Set objectives;
3, Measure shareholder returns; and
4, Select an appropriate measure.

Which is the correct order in which these four would be carried out? [Hint]



7 .       The factors that generate shareholder wealth are usually called: [Hint]



8 .       What does EVA® stand for? [Hint]



9 .       Which one of the following is not one of the four main areas of the Balanced Scorecard? [Hint]



10 .      

What is the validity of the following statements?

(1) The information used in a competitor profitability analysis comes from a wide variety of external sources.

(2) Shareholder value analysis is based on seeking to generate as high a percentage return on capital employed as possible.

 
Statement
 
(1)
(2)
A
True
True
B
True
False
C
False
True
D
False
False
[Hint]



Answer choices in this exercise are randomized and will appear in a different order each time the page is loaded.





Copyright © 1995-2008, Pearson Education, Inc. Legal and Privacy Terms