Past Exams Questions for Business Strategy

APPENDIX 3: PAST EXAMINATION PAPER

Note to Students: Providing a copy of this paper does not signify that future papers will follow the exact same format.

SAMPLE EXAM (Worth 50% of final grade)

Note: Final exam format may somewhat vary.

This final exam will use multiple choice questions. You will be required to answer 100- 120 multiple choice questions in 3 hours and enter your answers using the Scantron sheet that had been provided to you. You will get 1 point for every correct answer. You will lose 0.25 points for every incorrect answer or for making multiple answers to a question. You will not get or lose any points for leaving a question blank.

For example, a student answered 100 out of 120 questions. Of these s/he got 84 questions right, 16 questions wrong, and did not answer 20 questions. So the final mark will be ((84*1) – (16*0.25)). Thus the student’s final score will be 80 points out of 120 points.

Here are some examples of multiple choice questions:

1. As per class slides, strategy is generally made using a time frame of years (a) 1 year (b) 2 years (c) 3-5 years (d) Depends on industry

2. The three fundamental questions of strategy are (i) what is the plan (ii) who should make the plan (iii) how much time and resources should be devoted to planning (iv) all of the above (v) none of the above

3. A company’s strategy is a blend of planned initiatives and emergent adjustments (i) true (ii) false

4. Which of the following is not one of Porter’s 5 Forces (i) bargaining power of buyers (ii) threat of substitutes (iii) bargaining power of government (iv) bargaining power of suppliers (v) threat of rivalry

5. Which of the following is false? Bargaining power of buyers is strong when (i) buyers switching costs for substitutes is low (ii) buyers are well-informed about prices and products (iii)