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Question 1
Question
The formulation of an organization's objectives is part of its:
Answer
-
Operating plan
-
Mission
-
Strategy
-
Vision
Question 2
Question
When RBC sold its insurance business to Aviva, what restructuring strategy did it
engage?
Answer
-
Turnaround strategy
-
Divestiture strategy
-
Liquidation strategy
-
Diversification strategy
Question 3
Question
Loblaw operates a number of brands including No-Frills, CityMarket, and Joe
Fresh. These brands represent Loblaw's:
Answer
-
Business strategy
-
Corporate strategy
-
Operational strategy
-
Marketing strategy
Question 4
Question
McDonald's strives to "be the best quick service restaurant experience". This is its
__________ statement.
Answer
-
Mission
-
Vision
-
Competitive position
-
Operational goal
Question 5
Question
Which of the following is NOT a type of corporate strategy?
Answer
-
Growth Strategy
-
Stability Strategy
-
Restructuring Strategy
-
Cost leadership strategy
Question 6
Question
The basic beliefs that govern individual and group behaviour in an organization are
found in the organization's:
Answer
-
Mission statement
-
Vision statement
-
Value statement
-
Culture statement
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