Strategic Management - 4
Multiple Choice Single Answer
Question
It is the process of selecting people for company positions and developing skills and abilities for assignments in the company
Correct Answer
Staffing
Multiple Choice Multiple Answer
Question
Factors to be considered in political- legal environmental scanning are
Correct Answer
govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
True/False
Question
Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer
True
Multiple Choice Multiple Answer
Question
The control process requires the following types of information
Correct Answer
Planned performance , Variances , Reasons
True/False
Question
Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer
True
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer
False
Multiple Choice Multiple Answer
Question
Different kinds of information systems are
Correct Answer
Operational level system , Knowledge level system , Management level system
True/False
Question
Divestiture is opposed to diversification.
Correct Answer
False
Select The Blank
Question
________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer
Flotilla concept
Multiple Choice Single Answer
Question
Secondary sources of information are
Correct Answer
newspapers, magazines, journals etc.
True/False
Question
Scheduling is a part of strategic management.
Correct Answer
False
Select The Blank
Question
Delay in ________ measurement defeats the purpose of evaluation.
Correct Answer
Time
Multiple Choice Multiple Answer
Question
Merger takes place
Correct Answer
between a buyer and a seller , to avail tax concessions , to increase growth rates
Multiple Choice Multiple Answer
Question
Performance is affected by
Correct Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Multiple Choice Multiple Answer
Question
The preparation of ETOP involves
Correct Answer
dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer
internal analysis
Select The Blank
Question
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer
internal transformation
Multiple Choice Single Answer
Question
It is used extensively in organisation and is concerned with action or performance
Correct Answer
Operational control
Select The Blank
Question
________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer
Self-awareness
Multiple Choice Multiple Answer
Question
Money is invested by way of
Correct Answer
Debt , Equity
Select The Blank
Question
________ relationships are effective in communicating complex information
Correct Answer
Personal
True/False
Question
The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance
Correct Answer
True
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer
internal analysis
True/False
Question
Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer
False
Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer
inherent inadequacy of organization
Match The Following
Question
Correct Answer
Comparative analysis is
historical analysis
Benchmarking is
competitive analysis
Michael Hammer & James Chapy
Reengineering
GDP stands for
gross domestic product
Multiple Choice Multiple Answer
Question
Competenncy models reveal three types of capabilities
Correct Answer
Technical skills , Cognitive skills , Emotional Intelligence Quotient
Multiple Choice Single Answer
Question
The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer
operational decisions
True/False
Question
Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer
False
Multiple Choice Single Answer
Question
The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer
Man-power planning
Multiple Choice Multiple Answer
Question
Three important managerial qualities required for the effective strategic management
Correct Answer
Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer
False
True/False
Question
Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True
True/False
Question
The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer
False
Multiple Choice Single Answer
Question
Mass media includes
Correct Answer
radio, TV, internet etc.
Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer
Top Management
Multiple Choice Multiple Answer
Question
Various phases of Growth are
Correct Answer
Creativity , Delegation , Co-ordination
Multiple Choice Single Answer
Question
Strategic management deals with
Correct Answer
Business process
Multiple Choice Single Answer
Question
Strategic management is concerned with
Correct Answer
long- range planning
Multiple Choice Multiple Answer
Question
Core ideology
Correct Answer
core values , core purpose
Select The Blank
Question
Displacing competitor is ________ category of goal.
Correct Answer
common enemy
Multiple Choice Multiple Answer
Question
Three important managerial qualities required for the effective strategic management
Correct Answer
Conceptual, human & intellectual skills , Decision making ability , Vision
Multiple Choice Single Answer
Question
Financial environment is concerned with
Correct Answer
demand & supply of money, capital markets
Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer
inherent inadequacy of organization
Multiple Choice Multiple Answer
Question
What is Statistical Quality Control(SQC)
Correct Answer
Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur
Match The Following
Question
Correct Answer
Fit
SWOT analysis
Vision
what a company wishes to become or aspires to be.
mission
what the company is and why it exists.
BHAG
big headed audacious goals
Multiple Choice Single Answer
Question
CAP related to internal appraisal of firm stands for
Correct Answer
competitive advantage profile
Strategic Management - 3
Multiple Choice Single Answer
Question
It enables the strategists to take corrective action at the right time
Correct Answer
Premise control
True/False
Question
HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours.
Correct Answer
False
True/False
Question
The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it."
Correct Answer
True
Multiple Choice Multiple Answer
Question
The preparation of ETOP involves
Correct Answer
dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Multiple Choice Single Answer
Question
Contractual entry modes are
Correct Answer
licensing / franchising
Match The Following
Question
Correct Answer
Market follower are
Imitator
Horizontal integration means
Additional product/service for same customers
Vertical forward integration means
Becoming your own customer
Position defense means
Fortification around one's territory
Multiple Choice Multiple Answer
Question
supplier & technological environment is concerned with
Correct Answer
quality & no. of suppliers , logistics , raw material , trends and rate of change of technology
Multiple Choice Single Answer
Question
A Large-scale community development project was funded to enable farmers to use local resources effectively by
Correct Answer
Asian Paints
Multiple Choice Multiple Answer
Question
Three important managerial qualities required for the effective strategic management
Correct Answer
Conceptual, human & intellectual skills , Decision making ability , Vision
Multiple Choice Multiple Answer
Question
Measures to take corrective action
Correct Answer
Checking performance , Reformulate strategies , Standard check
Match The Following
Question
Correct Answer
strategic alliances means
two or more entities join hands for mutual benefit.
vertical forward integration means
becoming your own customer
horizontal integration means
additional product/service for same customers
vertical backward integration means
becoming your own supplier
Multiple Choice Single Answer
Question
It is based on a trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events
Correct Answer
Emergency alert contriol
Multiple Choice Multiple Answer
Question
The various models of social responsibility are
Correct Answer
Austere Model , Vendors Model , Civic Model
Multiple Choice Multiple Answer
Question
Techniques used in environmental appraisal are
Correct Answer
single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Multiple Choice Multiple Answer
Question
What is Statistical Quality Control(SQC)
Correct Answer
Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur , Identifies quality and productivity from a production process
True/False
Question
The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer
True
Multiple Choice Multiple Answer
Question
The Hallmarks for self-regulation are
Correct Answer
Trust & fairness , Changed Management , Integrity & thoughtfulness
Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer
Top Management
Multiple Choice Multiple Answer
Question
Limitations of Traditional cost accounting are
Correct Answer
Assumes factory as an isolated entity , It measures only the cost of producing
True/False
Question
The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer
False
Multiple Choice Multiple Answer
Question
Merger takes place
Correct Answer
between a buyer and a seller , to avail tax concessions , to increase growth rates
Multiple Choice Single Answer
Question
The discipline which deals with what is good and bad and which moral obligation is
Correct Answer
Ethics
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer
False
True/False
Question
Scheduling is a part of strategic management.
Correct Answer
False
True/False
Question
Under functional strategics we have vertical fit & horizontal fit.
Correct Answer
True
Multiple Choice Multiple Answer
Question
Program is a combination of
Correct Answer
goals , policies , procedures
Multiple Choice Single Answer
Question
T in SWOT, refers to
Correct Answer
unfavorable conditions in external environment.
True/False
Question
Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer
False
True/False
Question
Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer
True
Multiple Choice Single Answer
Question
In SWOT , S stands for
Correct Answer
favorable condition in the organization's environment.
Multiple Choice Multiple Answer
Question
Different kinds of information systems are
Correct Answer
Operational level system , Knowledge level system , Management level system
Multiple Choice Single Answer
Question
Strategic management deals with
Correct Answer
Business process
Select The Blank
Question
________cost accounting measures the cost of producing and ignores the cost of non-producing
Correct Answer
Traditional
True/False
Question
Getting new users is a position defense strategy.
Correct Answer
False
Select The Blank
Question
Companies employ trained ________ to develop "competency models" to identify potential leaders
Correct Answer
Psychologists
Multiple Choice Single Answer
Question
Associated external agencies means
Correct Answer
channel members, customers, suppliers etc.
Select The Blank
Question
Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer
core competence
Select The Blank
Question
Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer
vertical ( forward )
Multiple Choice Single Answer
Question
Financial environment is concerned with
Correct Answer
demand & supply of money, capital markets
Select The Blank
Question
A hardware manufacture enters into software is an example of ________ integration.
Correct Answer
horizontal
Select The Blank
Question
________ should have the ability to develop a visionto see patterns into the future.
Correct Answer
Leaders
True/False
Question
Macro environment has got immediate impact on business.
Correct Answer
False
Multiple Choice Single Answer
Question
Strategic management is concerned with
Correct Answer
long- range planning
Multiple Choice Multiple Answer
Question
Performance is affected by
Correct Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Select The Blank
Question
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer
Delegation
Select The Blank
Question
________ is the drive to achieve beyond one's expectations
Correct Answer
Motivation
Multiple Choice Multiple Answer
Question
Money is invested by way of
Correct Answer
Debt , Equity
Strategic Management - 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is
Correct Answer CRM
Multiple Choice Multiple Answer
Question Various phases of Growth are
Correct Answer Creativity , Delegation , Co-ordination
Multiple Choice Multiple Answer
Question A Company's strategy
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate
Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.
Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline
Multiple Choice Multiple Answer
Question Critical resources in the emerging information age are
Correct Answer Information , Expertise , Intelligence
True/False
Question HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures
Your Answer goals , policies , procedures
Multiple Choice Multiple Answer
Question Strategic intent
Correct Answer obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.
Multiple Choice Multiple Answer
Question Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength
Multiple Choice Single Answer
Question It enables the strategists to take corrective action at the right time
Correct Answer Premise control
Select The Blank
Question ________ should have the ability to develop a visionto see patterns into the future.
Correct Answer Leaders
Multiple Choice Single Answer
Question W in SWOT stands for
Correct Answer inherent inadequacy of organization
True/False
Question Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer True
Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Multiple Choice Single Answer
Question In SWOT , S stands for
Correct Answer favorable condition in the organization's environment.
Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates
Multiple Choice Single Answer
Question Horizontal integration is concerned with
Correct Answer product lines
Select The Blank
Question ________ identifies the impact of any change on performance
Correct Answer Statistical quality control
Multiple Choice Single Answer
Question They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications
Correct Answer Board of director
Multiple Choice Single Answer
Question The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer operational decisions
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity
Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis
Match The Following
Question -Correct Answer
Board of Directors- Link between company & external environment
Profit centers- S.B.U. s
S.B.U.s are more focused on their -Product line/business
Manufacturing strategy -Productivity
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
True/False
Question Systems are formal and informal rules and regulations that complements the company structure
Correct Answer True
Multiple Choice Multiple Answer
Question They have time based utility
Correct Answer Goals , Resources
Select The Blank
Question Companies employ trained ________ to develop "competency models" to identify potential leaders
Correct Answer Psychologists
Multiple Choice Multiple Answer
Question The culture of a company is conveyed through
Correct Answer Rites , Myths , Rituals
Select The Blank
Question ________ is the company's most critical and scarest resource.
Correct Answer Capital
True/False
Question The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer True
Multiple Choice Multiple Answer
Question What is Statistical Quality Control(SQC)
Correct Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur
Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Multiple Choice Single Answer
Question These people are charged with the responsibility of continuous screening of performance?
Correct Answer Audit committee
Match The Following
Question -Correct Answer
Fit -SWOT analysis
Vision- what a company wishes to become or aspires to be.
mission -what the company is and why it exists.
BHAG- big headed audacious goals
Multiple Choice Single Answer
Question It is the most important feature in the implementation of strategic management
Correct Answer leadership
Select The Blank
Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer internal transformation
Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
True/False
Question The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it."
Correct Answer True
Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial firm.
Correct Answer False
Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share
Strategic Management - 1
True/False
Question
Macro environment has got immediate impact on business.
Correct Answer
False
Multiple Choice Single Answer
Question
These people are charged with the responsibility of continuous screening of performance?
Correct Answer
Audit committee
Multiple Choice Multiple Answer
Question
Factors to be considered in political- legal environmental scanning are
Correct Answer
govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
Multiple Choice Multiple Answer
Question
The preparation of ETOP involves
Correct Answer
dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Multiple Choice Multiple Answer
Question
Factors to be considered while deciding candidates for divestiture are
Correct Answer
taxes , availability of buyers , market reaction
True/False
Question
Style of a company are the patterns of actions taken by members of top management over a period of time
Correct Answer
True
Select The Blank
Question
GATT stands for ________.
Correct Answer
general agreement on trade & tariff
Multiple Choice Single Answer
Question
In SWOT , S stands for
Correct Answer
favorable condition in the organization's environment.
Multiple Choice Single Answer
Question
Associated external agencies means
Correct Answer
channel members, customers, suppliers etc.
Multiple Choice Multiple Answer
Question
Three important managerial qualities required for the effective strategic management
Correct Answer
Conceptual, human & intellectual skills , Decision making ability , Vision
Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer
Top Management
Multiple Choice Multiple Answer
Question
Strategic intent
Correct Answer
obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.
Select The Blank
Question
Japan's major productivity gains are the results of social changes brought about by ________
Correct Answer
Statistical quality control
Multiple Choice Multiple Answer
Question
Organizational models are
Correct Answer
multinational model , international model , global organizational model
Multiple Choice Single Answer
Question
Strategic management is concerned with
Correct Answer
long- range planning
Multiple Choice Multiple Answer
Question
The preparation of ETOP involves
Correct Answer
dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Match The Following
Question
Correct Answer
Maintain strategy
stable environment
Market follower are
imitator
Market challenger are
bypass attack
Turnaround strategy
V.R.S.
Multiple Choice Multiple Answer
Question
Factors encouraging joint ventures are
Correct Answer
uneconomical separate existence , risk of business gets shared , sharing competence of each other
Multiple Choice Single Answer
Question
Strategic management deals with
Correct Answer
Business process
Multiple Choice Multiple Answer
Question
How does 'structure' reduce internal uncertainity arising out of human behaviour
Correct Answer
Control mechanism , Departmentalisation
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer
False
Select The Blank
Question
________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer
Operational level systems
Multiple Choice Single Answer
Question
Corporate strategy ensures
Correct Answer
fit between the firm and its environment
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