Integrated MBA Strategic Management — practice questions
44 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Integrated MBA Strategic Management in the app →Social responsibility of business is its obligation to act in ways desirable in terms of the:Compared with legal responsibility, social responsibility is:Social responsibility involves an element of:Deceptive advertising, polluting the environment and exploiting workers are examples of:Which body defines corporate social responsibility as the responsibility of enterprises for their impacts on sIn India, corporate social responsibility is governed by which clause of the Companies Act, 2013?The CSR provisions apply to companies with an annual turnover of at least:CSR rules also apply to companies with a net profit of at least:Companies covered by the CSR rules must set up a CSR committee that includes at least one:The Act encourages companies to spend on CSR at least what share of average net profit of the previous three yWhich CSR activities are taken into consideration under the Indian rules?Which argument says prosperity and growth of business is possible only through continuous service to society?A firm that keeps service to society as its highest goal is said to gain maximum profits in the:Voluntarily assuming social responsibilities can help business avoid:The argument that business has managerial talent and capital that can help solve social problems is:Pollution, unsafe workplaces and discriminatory hiring support which argument for social responsibility?Which argument against social responsibility says business exists only to earn as much as possible?The claim that firms will pass the cost of pollution control to buyers is the argument of:The argument that businessmen lack the training to solve social problems is:Supplying good quality goods, safe working conditions and paying taxes honestly are:A society with fewer problems is said to provide business with a:Corporate sustainability entails a balanced approach to economic progress, social progress and:A broad expression of what a firm's founders want the business to accomplish is the:The statement that takes that broad purpose and describes the products the firm will offer is the:Compared with a mission statement, a vision statement is usually:Many companies confuse the two statements, often calling a very broad statement their:The big-picture goals describing what the company will do to fulfil its mission are:The framework a firm uses to organise its activities within one business is a:A chief executive managing a group of businesses develops strategy at which level?At every level, a firm must first ask whether it wants to grow, hold steady or defend. Its answer sets its:A manager who decides to develop new offerings and win more customers has chosen a:A small coffee shop owner deciding to keep the business at its current size has chosen:Strategic analysis matters because managers must first understand the conditions in which the business will:A decision taken now about actions a firm will undertake later is called a:The framework for setting good goals, spelled out letter by letter, is called:Under that framework, the goal 'do well in this class' fails first because it is not:The letter M in that framework stands for a goal being:The last step in the strategy cycle is:Publicly held companies must disclose their performance because:Which is given as an example of a performance measure a firm can use?Although the strategy process looks orderly, most top managers actually deal with the steps:Plans that sit below the strategic plan and translate it into shorter-range action are called:The most detailed plans, guiding day-to-day work, are:Once objectives are set, the firm must next turn to the question of: