Strategy Planning Process Multiple Choice Questions (MCQs) PDF Download - 8

Michael Porter's generic grand strategy is useful in providing future guidance while making strategic decisions. Point out the four strategies of porter

1. Strength, Weakness, Opportunity, Threats
2. Growth, Stability, Retrenchment, Combination
3. Product, Goals, employee training, market share.
4. Growth, Stability, market share, retrenchment.

Business requires a steady flow of cash to run their operations smoothly. Account receivable loan means the loan that is

1. Protected against the account receivables
2. Utilized to recover the receivables
3. Used to maintain a certain level of non current assets
4. None of the above

Companies often borrow money to smoothly run their operations. When a company repays its loan, it is an example of

1. Cash inflows
2. Cash outflows
3. Cash utilization
4. Cash transaction

Insufficient supplier management could be a reason for

1. Bad internal management
2. Lack of management
3. Lack of communication between departments
4. Cash flow problems for the organization

Dealing with procrastination is a little tricky but it is manageable. Dealing with it means setting SMART goals. SMART goals means

1. Specific, Measurable, Achievable, Realistic, Timed and Targeted
2. Systematic, Motivating, Achievable, Realistic, Targeted
3. Specific, Minimal effort, Achievable, Realistic, Timed and Targeted
4. Success, Manageable, Achievable, Realistic, Timed