Taxation - 5

Taxation - 5

Multiple Choice Multiple Answer
Question What are the factors to be considered in cluster analysis?
Correct Answer Limited number of clusters due to limitation of market potential , Clusters are not
water tight compartment , Evaluating the quality of cluster is difficult

Multiple Choice Single Answer
Question Clarity of questions and instructions for filling the form is essential in :-
Correct Answer Mail survey

Multiple Choice Single Answer
Question The technique through which objects/ cases are classified into relative homogeneous
groups or clusters is known as :-
Correct Answer Cluster analysis

Multiple Choice Single Answer
Question Mean or average value is used to estimate when data have been collected using :-
Correct Answer Interval or ratio scale

Select The Blank
Question In ________ method the research analyst is not concerned with cause and research
relationship.
Correct Answer Diagnostic

Multiple Choice Multiple Answer
Question Which are the New Delhi based Research Institutions?
Correct Answer NRDC , CSIR , Cement Research Institute of India

Multiple Choice Single Answer
Question Market Research is done to
Correct Answer Explore the Opportunities

True/False
Question "Consumer Panel" is a specialized market research technique.
Correct Answer False

Match The Following
Question- Correct Answer

"What might this be ?"- Inkblot test
Aided Recall -Depth Research

Doesn’t intend to tell- Projective techniques

Ease of construction- Likert scale
True/False
Question In regression analysis, dependent variables can be expressed as a linear function of
impendent variables.
Correct Answer True

True/False
Question When company prepares a long range plan it is unpublished internal source of
information.
Correct Answer True

Select The Blank
Question Association technique is a type of ________.
Correct Answer Projective technique

Multiple Choice Single Answer
Question The impact of promotional slogans on the consumers can be studied with
Correct Answer Association technique

True/False
Question Brand image building is not important in case of industrial product for quality.
Correct Answer False

Multiple Choice Multiple Answer
Question Which publications are used for research on Chemical Industry?
Correct Answer Indian Chemical Directory , Chemical Industry News , Chemical & Petro
Chemicals Journal

Multiple Choice Single Answer
Question Spreading the sample through the entire population following a regular pattern is known
as :-
Correct Answer Systematic sampling

Select The Blank
Question In absence of proper________ the market research becomes a data collection exercise.
Correct Answer Problem Definition

Multiple Choice Multiple Answer
Question Which institutions should be contacted for research on Paint Chemicals?
Correct Answer National Chemical Laboratory, Pune , Industrial Research & Development Center
, Building Research Institute

Multiple Choice Multiple Answer
Question The objectives of marketing research are
Correct Answer To understand the consumer needs and wants , To explore the new markets , To
analyze the competitors

Multiple Choice Single Answer
Question Ultra violet ink is used to disguise customer coding. This activity is :-
Correct Answer A disapproved method

Select The Blank
Question Through cluster analysis objects/cases are classified into relatively________ group
called cluster.
Correct Answer Homogeneous

Match The Following
Question- Correct Answer

Dangler -POP

POP- Communication medium

Opinion Polls- Daily basis
Corporate Image Study- Advertising research

Multiple Choice Multiple Answer
Question Ethical issues to be observed while writing a report are :-
Correct Answer No deliberate misinterpretations , Marketing problems should be designed to suit
hidden agenda , Complete confidentiality and secrecy of data

Select The Blank
Question Multiple Choice is a ________type of question.
Correct Answer Close ended

Multiple Choice Single Answer
Question The conjoint analysis helps to enable company's to :-
Correct Answer Conduct brand swot analysis

Multiple Choice Single Answer
Question In the Internet era, qualitative research is possible through :-
Correct Answer Chat sessions

Select The Blank
Question ________is an important communication medium that helps recall advertising.
Correct Answer Point of Purchase(POP)items

True/False
Question In the Funnel approach, specific questions come first and general questions later.
Correct Answer False

Multiple Choice Multiple Answer
Question In resources for marketing research skilled staff plays an important role in :-
Correct Answer Maintaining data , Dealing with different situation and problems , Timely
completion of research

Select The Blank
Question Convenience Sampling is used for ________.
Correct Answer Exploratory research

True/False
Question The person conducting pharma research should be well qualified so that not to waste
Doctors time.
Correct Answer True
True/False
Question The limitations with regression forecasting is that independent variables must be
forecasted before forecasting the dependent variables.
Correct Answer True

Multiple Choice Multiple Answer
Question Main features of Technical Report are :-
Correct Answer Minute details of planning data collection , Analysis , Interpretation

Multiple Choice Single Answer
Question How people allocate their time and money to certain products and factors is depicted by
Correct Answer Psychographic Variable

True/False
Question Question phrasing and structure are eliminated in Semantic differential scale.
Correct Answer True

True/False
Question The popularity of Likert scale is due to its ease of construction and administration.
Correct Answer True

Multiple Choice Multiple Answer
Question Which are the Export Promotion Councils?
Correct Answer Cashew Export Promotion Council , Handloom Export Promotion Council , Gem
& Jewellery Export Promotion Council

True/False
Question The written contract of a research should cover the penalty clause covering deficits
such as delays, inadequate data.
Correct Answer True

Multiple Choice Single Answer
Question The producers in the sellers' market are also forced to take decisions based on the
market information because
Correct Answer The resources are scarce

Multiple Choice Single Answer
Question Scale Intervals can be used for
Correct Answer Age
Select The Blank
Question Bibliography contains ________.
Correct Answer Information of references and secondary data

Multiple Choice Multiple Answer
Question Online survey methods include :-
Correct Answer Email survey , HTML survey , Downloadable interactive surveys

Multiple Choice Single Answer
Question Data of market research cannot be maintained :-
Correct Answer Without experienced and educated research staff

Multiple Choice Multiple Answer
Question Pretesting of Questionnaire includes testing of :-
Correct Answer Question content , Time taken to answer questions , Categorisation

Multiple Choice Multiple Answer
Question Identification of Target Population is facilitated by :-
Correct Answer Well defined research objectives , Alternative, reasonable/target population
definitions , Specifications for exclusion in target population


Select The Blank
Question ________are used for National Panel Studies.
Correct Answer Quota controls

Select The Blank
Question Finding out the number of vehicles at a given junction is a ________ method.
Correct Answer Direct Observation






Taxation - 4
Taxation
-------------

Select The Blank
Question The basic advantage of having an agent in the export market is ________.
Correct Answer He is knowledgeable of the marketing condition

Multiple Choice Multiple Answer
Question How does the customer know about the product & is influenced to buy it?
Correct Answer Publicity , Advertising , Sales promotion

Multiple Choice Single Answer
Question Which of the following is not included in foreign environment?
Correct Answer Local dimension

Multiple Choice Single Answer
Question Why should a market researcher check a country's import tariffs when he is
investigating it as an export market?
Correct Answer It can affect the competitiveness of product against products made within the
market

Multiple Choice Multiple Answer
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". What are the
distribution channels used for imports of silk products into USA market?
Correct Answer Merchant intermediaries , Departmental stores

True/False
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Oriental entered the
US market in 1970 with a moderate export of Rs.20 million.
Correct Answer False

Match The Following
Question -Correct Answer
Indirect exporting -Home-based merchant

Business dimensions -Channel network

Legal dimensions -Copyright

Licensing arrangement -Use of patent

Multiple Choice Single Answer
Question What is important to take pricing decision?
Correct Answer Competition

Select The Blank
Question In ________, the firm faces only one set of customers.
Correct Answer Domestic marketing

Multiple Choice Multiple Answer
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Oriental was an active
member of some councils, which are those?
Correct Answer Apparel Export Promotion Council , Woolen Export Promotion Council

Multiple Choice Single Answer
Question This question is based on the case study 'AB Enterprises'. What is the problem in
adapting AB Enterprises product in the market?
Correct Answer Novelty is lost due to ethnic character in AB Enterprises

Multiple Choice Multiple Answer
Question What are the important infrastructure factors in evaluating production site?
Correct Answer Industrial site , Transportation & communication

Multiple Choice Multiple Answer
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Which are the two
years the imports of silk fabrics from Japan by USA was almost same?
Correct Answer 1982 , 1983

Select The Blank
Question ________dimensions include customs and practices
Correct Answer Business

Multiple Choice Multiple Answer
Question What is the nature of direct export market?
Correct Answer Concentrated , Large potential sale

Multiple Choice Single Answer
Question What does product-mix decision include?
Correct Answer Packaging
Multiple Choice Multiple Answer
Question What are the internal sources of information?
Correct Answer Sales record , Correspondence from salesmen

True/False
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Mr.Patnaik felt that it
was high time that he appraises his agents' performance relating to the vast & expanding US
market.
Correct Answer True

Multiple Choice Multiple Answer
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". What were the options
Mr.Patnaik had to operate in the US market?
Correct Answer Opening a branch office , A subsidiary company

Select The Blank
Question In indirect export channel, the market is ________.
Correct Answer Dispersed

True/False
Question Strategies suggested in the Medium Term Export Plan include product-market
penetration strategy for existing products, product-market, diversification for new products & new
markets.
Correct Answer True

Multiple Choice Multiple Answer
Question Why is packaging so important for product planning?
Correct Answer As it enhances protection , As it gives shelf life for a product

True/False
Question If foreign retailers are used, the products in question are industrial products rather than
consumer products.
Correct Answer False

Multiple Choice Multiple Answer
Question How is the nature of international strategy?
Correct Answer Depends on company's objectives , Varies from country to country

Select The Blank
Question "make site booking" is a point of checklist of ________
Correct Answer Before the fair

Multiple Choice Single Answer
Question What marketing technique is used to know international marketing need?
Correct Answer Marketing information & research

Multiple Choice Multiple Answer
Question What are the benefits of participation in trade fair?
Correct Answer To get to know about competition , To know about the extent of product adaption

Select The Blank
Question Experience survey, which is also called as ________.
Correct Answer Key informant survey

Multiple Choice Single Answer
Question What is a foreign agent?
Correct Answer Independent middleman

Multiple Choice Single Answer
Question What does political environment include?
Correct Answer Legal dimension

Match The Following
Question -Correct Answer

External factor- Competitive profile
Ethnocentric orientation -Overseas operation conducted from home country
Polycentric orientation- Each market is unique

Target market -Marketing strategy
True/False
Question In marginal cost pricing for export, competition in foreign markets requires quotation of a
lower price
Correct Answer True
True/False
Question Policies or regulations regarding quality control & inspection vary considerably between
nations.
Correct Answer True

Select The Blank
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Oriental Silk Private
Limited, is a ________ unit, was one of the leading Indian manufacturers & exporters of silk
fabrics & made-ups
Correct Answer 100% export oriented

Select The Blank
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". The bulk of the trade
was handled by ________
Correct Answer Central buying organizations

True/False
Question If business is variable, the company will choose the purchasing or subcontracting
alternatives.
Correct Answer True

Multiple Choice Single Answer
Question What is the meaning of offshore purchasing?
Correct Answer Relationship between independent buyer & seller for exchange of good for
money

Select The Blank
Question Many companies modify their products/promotion strategies to suit ________ of the
population of the different countries.
Correct Answer Tastes & preferences

True/False
Question Companies with smaller needs, an independent supplier will be less active.
Correct Answer False

True/False
Question Catalogues contain a list of all competitors with product details.
Correct Answer False

Multiple Choice Multiple Answer
Question What is correct according to geocentric orientation?
Correct Answer Companies view the entire world as a single market , Uniform inventory
management & training

True/False
Question The area of change relates to product adaption requires upgradation of technology and
huge investment in brands.
Correct Answer True

Select The Blank
Question This question is based on the case study "Chow Flowers Co. Ltd.". ________ was
Thailand's second largest export market for artificial flowers, mostly polyester or hand-wrapped.
Correct Answer Canada

Multiple Choice Single Answer
Question What are the similarities between domestic & international marketing?
Correct Answer Satisfying consumers need

Multiple Choice Single Answer
Question What is the need of marketing research for export-import trade?
Correct Answer To reduce the distance between an exporter & his customers in terms of
marketing

Multiple Choice Single Answer
Question What is the avenue of entry into foreign markets?
Correct Answer Contract manufacturing

Multiple Choice Single Answer
Question What is the principal functional division of ministry of commerce & industry?
Correct Answer Export Industries Division



Taxation - 3

Multiple Choice Multiple Answer
Question The entertainment allowance received by the
Government employees is included in their salaries
and the deduction is allowed to the extent of least of
the following amounts :-
Correct Answer Actual amount of Entertainment Allowance received. ,
Rs. 5,000 , 1/5th of Salary

True/False
Question Income Tax Act, 1961 recognizes Written Down Value
(WDV) method as well as straight line method for the
computation of depreciation u/s 32 this act.
Correct Answer False

Multiple Choice Multiple Answer
Question Profits earned by an Industrial Undertaking engaged
in other than infrastructure development is available
under Section 80IB for :-
Correct Answer Operation of Ship , Hotels situated in hilly area, rural
area or place of pilgrimage , Company engaged in
scientific and industrial research

Multiple Choice Single Answer
Question Which of the following expenditure is in the nature of
revenue expenditure?
Correct Answer Expenditure incurred as discount on issue of
debentures

Select The Blank
Question If sum received is net of TDS then it is ________ to
include in income from other sources.
Correct Answer Grossed up

True/False
Question Interest paid on the loan for acquiring a capital asset
will be considered to be a part of cost of acquisition.
Correct Answer True

Multiple Choice Single Answer
Question Mr. A whose Gross Total Income, before allowing
deductions under Chapter VI-A is Rs. 1,45,000, wants
to make the investments in the following alternative
forms Rs. 80,000 in PPF and Rs. 20,000 in
Infrastructure Bonds. The amount of rebate available
to him u/s 88 is :-
Correct Answer Rs. 18,000

Multiple Choice Single Answer
Question Interest on specified securities or premium on
redemption is exempt for :-
Correct Answer Non resident Indian

True/False
Question As per section 2(11) of the Income Tax Act, Block of
Assets includes both tangible as well as intangible
assets.
Correct Answer True

Multiple Choice Multiple Answer
Question Deductions in respect of Certain Incomes received
under Section 80L is available in respect of
Correct Answer Interest on Central or State Government Securities ,
Interest on National Saving Certificates (NSCs)
Interest on National Saving Scheme, 1992 (NSS) ,
Bank Interest

Multiple Choice Single Answer
Question Tax liability of a person is based on :-
Correct Answer Residential status

Multiple Choice Multiple Answer
Question For the purpose of income tax, the perquisites can be
classified into :-
Correct Answer Perquisites which are taxable in case of all types of
employees , Perquisites which are taxable only in the
hands of specified employee

Select The Blank
Question For an individual as a citizen of India who leaves India
in the relevant previous year for the purpose of
employment has to be in India for ________ days or
more during previous year.
Correct Answer 182

Multiple Choice Single Answer
Question Income earned in previous year is subjected to tax in
:-
Correct Answer Assessment year

Multiple Choice Multiple Answer
Question Following professional institutions have their incomes
exempt from tax :-
Correct Answer Town planning , Company secretary , Accounting

Select The Blank
Question ________ of the Tax Audit Report refers to the details
of various payments which are allowed as deduction
only if they are actually paid for.
Correct Answer Section 43B Clause No-21

Multiple Choice Multiple Answer
Question Short Term Capital Loss can be adjusted against :-
Correct Answer Short Term Capital Gains. , Long term Capital Gains

Select The Blank
Question To claim sec 10A deduction unit must be established
in ________.
Correct Answer Free Trade Zone

Multiple Choice Single Answer
Question Assessment year is the period of 12 months starting
from :-
Correct Answer 1st April to 31st March

Multiple Choice Single Answer
Question Combined total of five heads of income equals :-
Correct Answer Gross total income

Multiple Choice Single Answer
Question If an employee does not avail of this leave travel
concession or assistance during a block of four
calendar years :-
Correct Answer Only one journey can be carried forward to the next
block.
Select The Blank
Question To acquire PAN, a person shall apply in ________ to
the assessing officer.
Correct Answer Form No. 49A

Multiple Choice Single Answer
Question Deduction from Capital Gains under Section 54F is for
Capital Gains arising from transfer of :-
Correct Answer Any Long Term Capital Asset

Select The Blank
Question Where an assessee files or submits the returns as per
provisions of section 139 or in response to the notice
under section 142, the assessment officer undertakes
________ as per section 143(2) and section 143(3).
Correct Answer Scrutiny Assessment

Multiple Choice Multiple Answer
Question Income of a professional association is exempt if its
objectives are :-
Correct Answer Supervision , Control , Encouragement

True/False
Question While computing the profits from Business and
profession, the business or profession must be carried
out during the previous year.
Correct Answer True

Multiple Choice Single Answer
Question In respect of leave travel concession If Mr. A has
availed the exemption only once or has not availed
any exemption at all, in the block of four years i.e.
1998-2001 then :-
Correct Answer He can carry over the exemption to the next block of
four years i.e. 2002-2005 provided that he avails the
exemption of LTC in the first calendar year of the next
block i.e. 2002.

Multiple Choice Multiple Answer
Question The amount accumulated to the credit of the
employee's provident fund account is paid at the time
of :-
Correct Answer Retirement , Resignation

Multiple Choice Multiple Answer
Question From annual value, following deductions are allowed :-
Correct Answer Standard deduction , Interest on borrowed capital ,
Municipal taxes

Multiple Choice Single Answer
Question As a general principle, the Basic Salary or Wages,
Dearness Allowance and Bonus / Commission is :-
Correct Answer Fully taxable.

Multiple Choice Multiple Answer
Question From GTI of a company following deductions under
chapter VI A are allowed
Correct Answer 80 G Donations , 80 HHB profits and gains from
projects outside India , 80 IA profits and gains of
infrastructure companies

Multiple Choice Single Answer
Question Annual value of any one palace in possession of a
former ruler is :-
Correct Answer Exempt

Select The Blank
Question If the Salary is more than Rs. 5,00,000, Standard
Deduction will be Rs.________.
Correct Answer 20000

Multiple Choice Single Answer
Question The amount of accumulated interest on NSCs
purchased in the earlier years is assumed to be
reinvested :-
Correct Answer And qualifies for tax rebate under section 88.

Select The Blank
Question Deduction u/s ________B is available for 10
consequent assessment years from the year of
commencement of production.
Correct Answer 10
True/False
Question Income from subletting is treated as income from
house property.
Correct Answer False

Select The Blank
Question Section 80U allows the deduction in respect of the
________ .
Correct Answer Permanent physical disability

Match The Following
Question- Correct Answer

Disallowable Expenditure -Litigation Expenses in connection with
recovery of a debt which is not a trading debt


Business Includes trade, commerce, or Includes trade,
commerce, or manufacture or any adventure or concern
in the nature of trade,


Profession- Includes vocation

Capital Expenditure- Expenditure incurred by a company with the
issue of rights shares

True/False
Question Any recreational facility provided by the employer to a
group of employees (not being restricted to a select
few employees) is not exempt from tax.
Correct Answer False

True/False
Question In case of deductions for medical treatment under
Section 80DDB the amount of deduction will be
reduced by the amount received under an insurance
policy or the amount reimbursed by the employer.
Correct Answer True
True/False
Question Any advance tax paid before 31st March is treated as
advance tax paid during the previous year.
Correct Answer True

Multiple Choice Single Answer
Question Municipal taxes paid is allowed as deduction from :-
Correct Answer Gross annual value

True/False
Question Entertainment Allowance received by the employees
from the private sector is taxable in the hands of the
employee.
Correct Answer True

Match The Following
Question- Correct Answer
Any subscription made to National Saving Scheme
-By an individual or a HUF is eligible for rebate u/s 88


Mr. A, a 70 years old Senior Citizen, has the
Gross Total Income of Rs. 2,50,000- during
the Assessment Year 2005-2006. He
invested Rs. 50,000 in the tax saving bonds of
ICICI on 10th June 2004. His tax liability
for the A Y 2005-2006. RS.12,500 RS.12,500
During the Assessment Year
2005-2006, Mrs. A, age 58 years, has the
Gross Total Income of Rs. 1,45,000 including
the dividend from Indian companies
amounting to Rs. 10,000. She invests
Rs. 50,000 in PPF during the said
Assessment Year. Her tax liabilit is
Rs. 1,000 Rs. 1,000 Any contribution made
to a Public ProvidentFund Is eligible for rebate
u/s 88 Is eligible for rebate u/s 88

Multiple Choice Multiple Answer
Question Following incomes of local authorities are exempt :-
Correct Answer Capital gains , Other income , House property

Multiple Choice Multiple Answer
Question For Deduction u/s 54EC from Capital Gains the
assessee should invest the whole or part of the capital
gains in the specified assets :-
Correct Answer Within six months from the date of transfer of the longterm
capital asset

capital asset
True/False
Question Income from partnership firms is exempt from taxation
for the partners
Correct Answer True


Taxation - 2

Multiple Choice Single Answer
Question 48 Deduction in respect of Contribution to certain pension funds is related to :-
Correct Answer Section 80CCC

True/False
Question 49 The rebate u/s 88B is allowed before the rebate u/s 88 is allowed.
Correct Answer True
TAXATION
9

Select The Blank
Question 50 Expenditure incurred in connection with the local festivals like Diwali etc. are
________ as business expenditure.
Correct Answer Allowed

Select The Blank
Question 51 Deduction is available for income from foreign sources under Section 80RR if
such remuneration brought into India in convertible foreign exchange within a
period of________ months from the end of the previous year.
Correct Answer 6

Multiple Choice Multiple Answer
Question 52 Short Term Capital Loss can be adjusted against :-
Correct Answer Short Term Capital Gains. , Long term Capital Gains

Multiple Choice Single Answer
Question 53 Income from winning from lotteries / crossword puzzles/ horse races is taxed at
flat rate of :-
Correct Answer 0.3

Select The Blank
Question 54 Section 35D of the Act provides that the preliminary expenses can be ________
over a period of 5 years commencing from the year of commencement of
business.
Correct Answer Amortized and written off to profit and loss account

Select The Blank
Question 55 Section 43B of the IT Act provides that the certain payments are allowed as
deduction only if they are ________.
Correct Answer Actually paid

Multiple Choice Multiple Answer
Question 56 The rebate u/s 88 is available to an :-
TAXATION
10
Correct Answer Individual , Hindu Undivided Family.

Multiple Choice Single Answer
Question 57 Income from other sources covers agricultural income from land situated :-
Correct Answer Outside India

Multiple Choice Multiple Answer
Question 58 A return is considered to be defective returns under section 139(9) unless :-
Correct Answer The computation of income under each head, Gross Total Income are properly
filed in , The return is accompanied by the tax audit report under section 44AB ,
The return is accompanied by copies of required financial statements of the
assessee

Multiple Choice Single Answer
Question 59 If an employee does not avail of this leave travel concession or assistance
during a block of four calendar years :-
Correct Answer Only one journey can be carried forward to the next block.

Select The Blank
Question 60 The person who does not deduct the tax source as required by the Act or after
deducting fails to pay the tax as required by the Act, shall be liable to pay the
simple interest @________ % per month on the amount of such tax from the
date on which the tax was deductible till the date on which such tax is actually
paid.
Correct Answer 1

Multiple Choice Multiple Answer
Question 61 The assessing officer may allot the Permanent Account Number(PAN) to :-
Correct Answer Person whose Total Income during previous year exceeds the maximum
amount, chargeable to tax , Person carrying on the business or profession
whose turnover exceeds Rs.5 lakhs in any previous year , Any other person by
whom tax is payable

TAXATION
11
Multiple Choice Multiple Answer
Question 62 The provisions for payment of gratuity is not allowed under section 40A(7) but,
under the head, profits from business and profession, the amount of gratuity will
be allowed as deduction only when :-
Correct Answer The amount of gratuity has actually become payable to the employees during
the previous year , The provision has been made for the payment of a sum by
way of contribution to an approval gratuity , The other than the above two
situations, any provision made for the payment of gratuity is not allowed as
deduction

Multiple Choice Multiple Answer
Question 63 For the purpose of taxability of perquisite a specified employee means :-
Correct Answer The person who is director of a company , The employee who has substantial
interest in the company by having 20% or more of the voting power , The
employee whose income under the head salaries (including all the taxable
monetary payments of salary but excluding the value of any non-monetary
benefits or perquisites), after allowing deductions under Section 16, exceeds
Rs. 50,000

True/False
Question 64 Sum received under a will / inheritance is not exempt.
Correct Answer True

Select The Blank
Question 65 It should be noted that the tax liability of an individual having the total income of
less than Rs ________ is Nil u/s 88D.
Correct Answer 1,00,000

Match The Following
Question 66 -Correct Answer
All intangible assets like Patents, Trademarks, Copy Rights, Licenses etc.
-Rate of depreciation is 25%
Temporary Structures- Rate of depreciation is 100%

Computers- Rate of depreciation is 60%
Containers made of glass or plastic used as refills
-Rate of depreciation is 40%
Select The Blank
Question 67 In case of foreign companies rate of tax is ________.
Correct Answer 0.35

Multiple Choice Single Answer
Question 68 Which of the following expenditure is in the nature of revenue expenditure?
Correct Answer Expenditure incurred as discount on issue of debentures

Multiple Choice Multiple Answer
Question 69 For the purpose of Section 40 A (2) of the IT Act, if assessee is a firm, the term
"Specified Persons" may include :-
Correct Answer Any partner of the firm or his relative , Any person having the substantial interest
in the business or profession of the firm or any director or partner of such
company or firm or any relative of such person. , Any person who carries on
business or profession and in his business or profession the assessee or any
partner of such firm or relative of such partner has substantial interest.

Multiple Choice Single Answer
Question 70 For charging the income in the form of salaries :-
Correct Answer There needs to be an employer-employee relationship between the payer and
the payee.

True/False
Question 71 For claiming the deduction under section 80IA, the industrial undertaking should
be owned by a company registered in India or a consortium of such companies.
Correct Answer True

Select The Blank
Question 72 Any expenditure incurred by the assessee for any purpose which is ________
or which is prohibited by law shall not be allowed as business expenditure
Correct Answer Offence

Multiple Choice Single Answer
Question 73 As a general principle, the Basic Salary or Wages, Dearness Allowance and
Bonus / Commission is :-
Correct Answer Fully taxable.

True/False
Question 74 Rebates as per the provisions of Section 88 of the Act are not available from the
tax on long-term capital gains.
Correct Answer True

True/False
Question 75 MAT is applicable if there is a difference of 7.5% between net profit & book
profit.
Correct Answer True

Multiple Choice Multiple Answer
Question 76 For the purpose of Section 40 A (2) of the IT Act, if assessee is an individual,
the term "Specified Persons" may include :-
Correct Answer Any relative of such individual , Any person (individual, company, firm etc.)
having a substantial interest in the business or profession of the individual or
any director or partner of such company or firm or any relative of such person. ,
Any person who carries on a business or profession and in his business or
profession, the assessee himself or his relative has a substantial interest.

Select The Blank
Question 77 Deduction for remuneration from foreign sources for professors, teachers etc
under Section 80R is limited to ________% of such remuneration brought in
India.
Correct Answer 15

True/False
Question 78 Any expenditure incurred for earning the income which is included under the
head income from other sources will be allowed as deduction from such income
provided that certain conditions are satisfied
Correct Answer True

Multiple Choice Multiple Answer
Question 79 Deduction from Capital Gains from the transfer of residential house property
under Section 54 is available to :-
Correct Answer Individual , HUF

True/False
Question 80 Income earned & received outside India & remitted to India is taxable for
resident & ordinary resident
Correct Answer True

Multiple Choice Single Answer
Question 81 Mr X has received Rs 200000 as income from salary, Rs 50000 income from
house property and he also received Rs 100000 income from specified units of
the mutual fund. What will be his total income
Correct Answer Rs 250000

Multiple Choice Multiple Answer
Question 82 Standard deduction takes care of :-
Correct Answer Repairs & maintenance , Insurance premium , Ground rent

Match The Following
Question 83 -Correct Answer
Individual partners & firms- Are separate taxable entities

Partnership firm- Companies can be partners

Company partners- Can not get salaries

Individual partners -Can be partners in any number
of firms

Multiple Choice Multiple Answer
Question 84 Capital Gains arise on account of excess of transfer consideration over the
following amounts
Correct Answer Cost of acquisition , Cost of improvement , Expenditure incurred wholly and
exclusively in connection with the transfer

True/False
Question 85 Income of a mutual fund is taxable even if it is authorized by RBI.
Correct Answer False

Select The Blank
Question 86 If sum received is net of TDS then it is ________ to include in income from other
sources.
Correct Answer Grossed up

Multiple Choice Multiple Answer
Question 87 What is the tax treatment of Statutory Provident Fund?
Correct Answer Employer's Contribution to PF is not liable for any tax payment , Interest
credited to the employee's account is not liable for any tax payment. , The lump
sum received at the time of retirement or resignation or death is also exempt
under section 10(11) and 10(12).

True/False
Question 88 Interest paid on the loan for acquiring a capital asset will be considered to be a
part of cost of acquisition.
Correct Answer True

Multiple Choice Single Answer
Question 89 What is the manner in which Income from Salaries is taxable?
Correct Answer Due basis or 'receipt' basis whichever is earlier.

Multiple Choice Single Answer
Question 90 Deduction from Capital Gains under Section 54F is for Capital Gains arising
from transfer of :-
Correct Answer Any Long Term Capital Asset

Multiple Choice Single Answer
Question 91 In case the assessee is not a company, a person(other than a company) who is
falling under One by Six economic criteria, the last date for filing the return is
prescribed as :-
Correct Answer 31st July of the Assessment year

Select The Blank
Question 92 Registration charges in connection with the increasing of ________ share
capital of the company is not allowed as revenue expenditure.
Correct Answer Authorized

True/False
Question 93 The amount of telephone bills (including the mobile phone bills) of the employee
reimbursed by the employer is taxable in the hands of the employee.
Correct Answer False

Multiple Choice Single Answer
Question 94 As per which provision and section, every person, company or any other person
shall furnish his returns of income in the prescribed form on or before the
specified due date?
Correct Answer Section 139(1)


Taxation - 1

Select The Blank
Question 1 Mr X a salaried employee has received total educational allowance of Rs 8,000
for his four children, the maximum allowance exempt is ________ u/s 10(14) of
the IT Act.
Correct Answer Rs 2,400

Multiple Choice Multiple Answer
Question2 What is the tax treatment of the Lump sum received from unrecognized
provident fund on the retirement or resignation or death of the employee?
Correct Answer Employee's contribution to PF is exempt from tax , Interest on employee's
contribution is taxable as "Income from Other Sources" , Employer's
Contribution to PF and interest thereon is taxable as "Income from salaries"

True/False
Question 3 Software technology park means set up according to Software Technology Park
Scheme framed by Ministry of Commerce & Industries.
Correct Answer True

Select The Blank
Question 4 It is mandatory for ________ to file a return even if there is loss or the income is
nil.
Correct Answer A company

Multiple Choice Multiple Answer
Question 5 Following professional institutions have their incomes exempt from tax :-
Correct Answer Town planning , Company secretary , Accounting

Multiple Choice Multiple Answer
Question 6 Which of the following amounts credited to P & L Account but not taxable from
Income tax Purposes as Profits from Business and Profession?
Correct Answer Refund of Income tax , Capital Gains , Dividend Income

Select The Blank

Question 7 ________ is the tax payable on the manufacturing of goods.
Correct Answer Excise duty

Select The Blank
Question 8 The amount paid by the employer to the employee to meet the expenditure for
residential accommodation occupied by the employee is called ________.
Correct Answer House rent allowance

Multiple Choice Multiple Answer
Question 9 Any amount deposited by an Individual or a HUF in 10 year or 15 year account
under the Post Office Saving Bank (CTD) Rules, 1959. The account can be in
the name of :-
Correct Answer The individual himself , A minor of whom he is the guardian.

Select The Blank
Question 10 Section 80U allows the deduction in respect of the ________ .
Correct Answer Permanent physical disability

Multiple Choice Single Answer
Question 11 Income of notified news agencies is exempt provided :-
Correct Answer They apply their income for collection & distribution of news

Multiple Choice Single Answer
Question 12 The total amount of rebates under Section 88, Section 88B, Section 88C and
Section 88D of the Act. shall :-
Correct Answer Not exceed the amount of tax calculated on the total income.

Multiple Choice Single Answer
Question 13 What is the treatment of Uncommuted Pension?
Correct Answer It is taxable as Income from Salaries.


Multiple Choice Multiple Answer
Question 14 Perquisites which are taxable only in the hands of specified employee include
the following categories of perquisites :-
Correct Answer Motor Car , Services of sweeper, gardener, watchman or personal attendant ,
Gas, electricity and water provided for personal consumption

Multiple Choice Single Answer
Question 15 The Central Government has introduced a new pension scheme for the
employees employed on or after 15th January, 2004. These employees are
required to contribute 10% of their salaries to this pension scheme. How much
will the Central Government contribute to the Fund?
Correct Answer Equal amount

True/False
Question 16 In case of deductions for medical treatment under Section 80DDB the amount of
deduction will be reduced by the amount received under an insurance policy or
the amount reimbursed by the employer.
Correct Answer True

Multiple Choice Single Answer
Question 17 If any person fails to get the accounts audited by a Chartered Accountant and
fails to submit the copy of such report under section 44AB, he will be liable to
pay the penalty equal to :-
Correct Answer 0.5% of sales turnover/gross receipts or Rs.1lakh whichever is less

Select The Blank
Question 18 Section 35E of the Act applies to all the ________ engaged in the business of
prospecting for or extraction or production of certain specified minerals.
Correct Answer Resident assessees

Multiple Choice Multiple Answer
Question 19 Profits earned by an Industrial Undertaking engaged in other than infrastructure
development is available under Section 80IB for :-
Correct Answer Operation of Ship , Hotels situated in hilly area, rural area or place of pilgrimage
, Company engaged in scientific and industrial research

True/False
Question 20 Jewellery held by the assessee is not a Capital Asset.
Correct Answer False

Select The Blank
Question 21 House rent allowance is exempt from the heading ________.
Correct Answer Income from salaries

Multiple Choice Multiple Answer
Question 22 The various payments which are referred as deductions under section 43B,
Clause No-21 are :-
Correct Answer Any employees contribution payable by the assessee towards any Provident
Fund or Superannuation Fund or Gratuity Fund for the welfare of the employees
, Any sum payable by the assessee by way of tax duty, cess or fee , Any sum
payable by the assessee as interest on any loan or borrowing made by him from
any public financial institution or state financial corporation as per the terms of
the agreement

Select The Blank
Question 23 The rebate u/s ________ is available to a woman assessee below the age of 65
years at any time during the previous years.
Correct Answer 88C

True/False
Question 24 An deduction is allowed to an assesse as an employer in respect of contribution
made to any non-statutory fund under the section 40A(9).
Correct Answer False

True/False
Question 25 Dividend received by the shareholder is treated as income chargeable to tax u/s
10(34) of the IT Act.
Correct Answer False

Multiple Choice Multiple Answer
Question 26 The assessee is required to quote PAN in :-
Correct Answer All returns to or correspondence with the Income Tax Authorities , All the
challans for the payment of any amount under the Act , All the documents
pertaining to purchase, sale and bank transactions

Multiple Choice Single Answer
Question 27 Any person carrying on business or profession has to submit the Audit Report in
prescribed form, signed by Chartered Accountant before 31st October of the
assessment year, whether the return of income is filed or not. This is in
compliance with :-
Correct Answer Section 44AB of the Act

Multiple Choice Single Answer
Question 28 In case of the individual or HUF whose Gross Total Income, before deductions
under Chapter VI-A, is more than Rs. 5,00,000, then :-
Correct Answer No rebate will be available u/s 88.

Multiple Choice Single Answer
Question 29 If firm fails to submit copy of deed along with return of income :-
Correct Answer It will not constitute a separate taxable entity

Multiple Choice Single Answer
Question 30 In order to avoid the cases of tax evasion on the part of the assessees, the Act
has provided for :-
Correct Answer Tax deduction at source

Multiple Choice Multiple Answer
Question 31 Which of the following expenditures are expressly disallowed to be deducted
while computing the profits from business and profession
Correct Answer Income Tax , Wealth Tax

True/False
Question 32 Section 80QQB is applicable to the individual resident who is an author of text
books.
Correct Answer False


Select The Blank
Question 33 Section 35AC of the Act applies to any sum paid by the assessee to a public
sector company or a local authority or an association approved by the national
committee for ________ for carrying out any project in upliftment of public.
Correct Answer Promotion of social and economic welfare

Multiple Choice Single Answer
Question 34 Income from sub-letting of a house property is income from :-
Correct Answer Other sources

Multiple Choice Multiple Answer
Question 35 Income of a professional association is exempt if its objectives are :-
Correct Answer Supervision , Control , Encouragement

Multiple Choice Multiple Answer
Question 36 Choose capital expenditure from the following list :-
Correct Answer Purchase of Building , Purchase of machinery

True/False
Question 37 Loss under the head Profits from Business or Profession can be adjusted
against the Income from Salaries.
Correct Answer False

Select The Blank
Question 38 Deduction u/s 10A is ________ of export proportion of profits.
Correct Answer 0.9

True/False
Question 39 Rebates as per the provisions of Section 88C of the Act are not available from
the tax on long-term capital gains.
Correct Answer False

True/False
Question 40 Dividend received from domestic company to its shareholders is taxable in the
hands of the shareholder.
Correct Answer False

Match The Following
Question 41- Correct Answer

Super Annuation Fund -This is an employee welfare scheme which is usually
applicable in case of very senior employees.

Statutory Provident Fund -This is set up as per the provisions of Provident Fund
Act, 1925. This is maintained by Government organizations, local authorities, universities
and educational institutions.

Recognised Provident Fund -This is the provident fund to which the provisions of
Employees Provident Fund and Miscellaneous Provisions Act,
1952 apply.


Unrecognised Provident Fund -The provident fund which is not recognized by the income tax
authorities is called as unrecognized provident fund.

Multiple Choice Single Answer
Question 42 Tax liability of a person is based on :-
Correct Answer Residential status

Select The Blank
Question 43 The amount of compensation received or receivable by the employee from the
employer at the time of termination of his employment or at the time of
modification of terms and conditions in connection with the employment is called
as ________.
Correct Answer Terminal compensation.

Match The Following

Question 44 -Correct Answer

Intangible Capital Asset -Tenancy Rights Tenancy Rights

Excluded from ambit of term
Capital Asset
Stock in Trade Land held for a period of 36
months or more
Short Term Capital Asset Equity Shares held for a period
of Less than 36 months
Stock in Trade
Long Term Capital Asset Land held for a period of 36
months or more
Building

Multiple Choice Multiple Answer
Question 45 The entertainment allowance received by the Government employees is
included in their salaries and the deduction is allowed to the extent of least of
the following amounts :-
Correct Answer Rs. 5,000 , 1/5th of Salary , Actual amount of Entertainment Allowance
received.

True/False
Question 46 Annual premium paid by the employer for the accident insurance policy taken by
the employer in the name of the employee is chargeable to tax.
Correct Answer False

Multiple Choice Single Answer
Question 47 Following condition needs to be satisfied for claiming the exemption under
Section 54F :-
Correct Answer The assessee is an individual or a HUF

Strategic Management - 25

Strategic Management - 25

Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment
& outcomes is
Correct Answer familiarity


Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share



Select The Blank
Question ________ should have the ability to develop a visionto see
patterns into the future.
Correct Answer Leaders



Select The Blank
Question Delay in ________ measurement defeats the purpose of
evaluation.
Correct Answer Time



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



Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners
is a ________ category of goal.
Correct Answer internal transformation

True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True



Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation



Multiple Choice Single Answer
Question The decisions which are applied to structured or routine
problems are
Correct Answer programmed decisions



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management


LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment
& outcomes is
Correct Answer familiarity



Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share



Multiple Choice Single Answer
Question Strategic management deals with
Correct Answer Business process



Match The Following
Question Correct Answer Your 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 Techniques used in environmental appraisal are
Correct Answer single-variable extrapolation/multivariable
interaction analysis , structured/ unstructured expert/inexpert opinion ,
Dynamic modes and mapping


True/False
Question Getting new users is a position defense strategy.
Correct Answer False



Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising
out of human behaviour
Correct Answer Research and planning , Forecasting



Select The Blank
Question Bajaj started manufacturing of sunny is an example of
________.
Correct Answer concentration strategy



Multiple Choice Multiple Answer
Question Macro environment
Correct Answer Political- legal , socio-cultural ,
economic-demographic



Select The Blank
Question A cycling accessory firm strive to become 'the nike of the
cycling industry' is ________category of goal.
Correct Answer role model



Multiple Choice Multiple Answer
Question They have time based utility
Correct Answer Goals , Resources



Multiple Choice Multiple Answer
Question Factors determining HRP (Human Resource Planning )
Correct Answer Type & Strategy of organisation , Environmental
uncertainties , Type & quality of information



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants



True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True



Multiple Choice Single Answer
Question A major part of strategy implementation is
Correct Answer resource allocation



Multiple Choice Single Answer
Question These people are charged with the responsibility of
continuous screening of performance?
Correct Answer Audit committee



Multiple Choice Single Answer
Question T in SWOT, refers to
Correct Answer unfavorable conditions in external environment.



Multiple Choice Single Answer
Question It is the process of analyzing, dividing and arranging work
or activities into manageable portion for individuals, sections &
departments
Correct Answer departmentation



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management



Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline




True/False
Question Staffing function applies to all company levels irrespective
of levels of hierarchy
Correct Answer True



Multiple Choice Multiple Answer
Question Performance is affected by
Correct Answer Distorted resource allocation , Inappropriate
structure , Wrong motivational styles



True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True



Multiple Choice Single Answer
Question Strategic management is concerned with
Correct Answer long- range planning



Multiple Choice Single Answer
Question It provides a way to bring in the people dimension in macro
company analysis without using psychological models of human behaviour
Correct Answer Culture



Select The Blank
Question ________ should have the ability to develop a visionto see
patterns into the future.
Correct Answer Leaders



Select The Blank
Question Delay in ________ measurement defeats the purpose of
evaluation.
Correct Answer Time



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



Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners
is a ________ category of goal.
Correct Answer internal transformation



True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True



Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation



Multiple Choice Single Answer
Question The decisions which are applied to structured or routine
problems are
Correct Answer programmed decisions



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



Match The Following
Question- Correct Answer
Marketing a product -Mass segmentation
Environmental Analysis Social, -Political, legal & technology Social,

Swot Analysis -Matching, converting, minimizing & avoiding strategies
Marketing strategy- Life cycle considerations Matching,



True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile



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 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 It is used extensively in organisation and is concerned with
action or performance
Correct Answer Operational control



True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False



True/False
Question Macro environment has got immediate impact on business.
Correct Answer False



Select The Blank
Question Companies employ trained ________ to develop "competency
models" to identify potential leaders
Correct Answer Psychologists



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



Multiple Choice Single Answer
Question The cornerstone of financial planning process of all
organizations because of the cost, control and risk considerations which
influence overall value of the firm is
Correct Answer Capital structure planning



Multiple Choice Single Answer
Question It concentrates on organisation design and work flow
Correct Answer Flotilla



Select The Blank
Question The benefits of a change in process are defined in terms of
________ cost savings
Correct Answer Labour

Strategic Management - 24

Multiple Choice Single Answer
Question It refers to formal and informal rules, regulations and
procedures that complements the company structure
Correct Answer Systems


Select The Blank
Question Displacing competitor is ________ category of goal.
Correct Answer common enemy
Multiple Choice Single Answer
Question T in SWOT, refers to
Correct Answer unfavorable conditions in external environment.



Multiple Choice Multiple Answer
Question The various areas covered by social responsibility are
Correct Answer Inner Circle , Intermediate circle , Outer Circle



Multiple Choice Single Answer
Question Magnitude of the decision outcome and scope of their impact
on the decision maker's domain of activity is
Correct Answer significance


Select The Blank
Question ________ is the company's most critical and scarest
resource.
Correct Answer Capital



Multiple Choice Single Answer
Question W in SWOT stands for
Correct Answer inherent inadequacy of organization



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 Timing of measurement before hand serves the purpose of
evaluation.
Correct Answer False



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 designed to monitor a broad range of events inside and
outside the company that are likely to threaten a firm's strategy
Correct Answer Strategic surveillance



Multiple Choice Multiple Answer
Question Factors to be considered while deciding candidates for
divestiture are
Correct Answer taxes , availability of buyers , market reaction



Match The Following
Question- Correct Answer
Board of Directors Link -between company & external environment Link


Profit centers -S.B.U. s
S.B.U.s are more focused on their- Product line/business
Manufacturing strategy- Productivity


Select The Blank
Question Module of Flotilla strikes an optimum balance of ________
and flexibility
Correct Answer Standardisation



Multiple Choice Single Answer
Question The aim in stability strategies is-
Correct Answer move slowly & surely



Multiple Choice Single Answer
Question W in SWOT stands for
Correct Answer inherent inadequacy of organization



Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.



Multiple Choice Single Answer
Question This strategic posture plays a leadership role in
establishing how the industry operates
Correct Answer Shapers



Multiple Choice Multiple Answer
Question Criteria for making an evaluation are
Correct Answer Consistency with goals , Consistency with
environment , Money



Multiple Choice Single Answer
Question Secondary sources of information are
Correct Answer newspapers, magazines, journals etc.



Multiple Choice Single Answer
Question It concentrates on organisation design and work flow
Correct Answer Flotilla



Select The Blank
Question Companies employ trained ________ to develop "competency
models" to identify potential leaders
Correct Answer Psychologists



True/False
Question Macro environment has got immediate impact on business.
Correct Answer False



Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.



Multiple Choice Multiple Answer
Question The reasons for acquisition are
Correct Answer Increased market power , Increased diversification ,
Increased speed to market



Multiple Choice Multiple Answer
Question Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack



Select The Blank
Question ________ is seen as an integral process that converts
materials into goods
Correct Answer Systems



True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False



Select The Blank
Question Cadbury's add in which Amitabh Bachchan clarifies about the
safety of the product (dairy milk) is an example of ________ defense.
Correct Answer counteroffensive



True/False
Question Labour satisfaction may result in unethical behaviour as
anger.
Correct Answer False



Select The Blank
Question The ________ are distinct little business set up as units in
a larger company
Correct Answer Strategic business Units



Multiple Choice Single Answer
Question They are ultimately responsible for all the administrative
aspects of strategic evaluation and control
Correct Answer Chief executive



Select The Blank
Question Control should involve________ amount of information.
Correct Answer Minimum



True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False



Multiple Choice Multiple Answer
Question Critical resources in the emerging information age are
Correct Answer Information , Expertise , Intelligence



True/False
Question Scheduling is a part of strategic management.
Correct Answer False



True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False



True/False
Question Adapter duplicate the leader and claim to be similar or even
the same.
Correct Answer False



True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True



Select The Blank
Question Bajaj started manufacturing of sunny is an example of
________.
Correct Answer concentration strategy



Multiple Choice Single Answer
Question In SWOT , S stands for
Correct Answer favorable condition in the organization's
environment.



True/False
Question Macro environment has got immediate impact on business.
Correct Answer False



Multiple Choice Multiple Answer
Question Competenncy models reveal three types of capabilities
Correct Answer Technical skills , Cognitive skills , Emotional
Intelligence Quotient



Select The Blank
Question Brush your teeth twice a day is an example of expanding the
total market by________.
Correct Answer more usage



True/False
Question Micro environment is the internal environment of a company.
Correct Answer False



Multiple Choice Multiple Answer
Question These following factors determine the desire of risk
Correct Answer Strategies , Resources



Multiple Choice Multiple Answer
Question Different kinds of information systems are
Correct Answer Operational level system , Knowledge level system ,
Management level system

Strategic Management - 23

Strategic Management - 23


Select The Blank
Question A hardware manufacture enters into software is an example of
________integration.
Correct Answer vertical ( forward )


Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline


Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax
concessions , to increase growth rates



True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True



Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business



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


Multiple Choice Single Answer
Question Core purpose
Correct Answer mission



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants


Multiple Choice Single Answer
Question Empower people through great software anytime , any place,
on any device'- Microsoft
Correct Answer vision


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 Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True



Multiple Choice Multiple Answer
Question Niche marketing means
Correct Answer end user specialist , specific customer specialist ,
geographic specialist



True/False
Question Focused company is generally protected from competition.
Correct Answer True



Multiple Choice Single Answer
Question These are moves that will pay off irrespective of what
happens in the future
Correct Answer No-regret moves



Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis



True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False



Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures



Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share



Multiple Choice Single Answer
Question Contractual entry modes are
Correct Answer licensing / franchising



Multiple Choice Single Answer
Question It enables the strategists to take corrective action at the
right time
Correct Answer Premise control



True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False



Match The Following
Question -Correct Answer
Maintain strategy- stable environment

Market follower are- imitator

Market challenger are -bypass attack

Turnaround strategy- V.R.S.


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 Multiple Answer
Question Core ideology
Correct Answer core values , core purpose




Multiple Choice Multiple Answer
Question Organizational models are
Correct Answer multinational model , international model , global
organizational model



Multiple Choice Multiple Answer
Question Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength



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 Responsibility towards society & community includes -
Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the
Correct Answer Environment Protection Act



Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.



Select The Blank
Question ________cost accounting measures the cost of producing and
ignores the cost of non-producing
Correct Answer Traditional



Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis



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 Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management



Select The Blank
Question Strategic evaluation determines the effectiveness of
________
Correct Answer Strategy



True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False


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



True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile



Multiple Choice Single Answer
Question An approach that strives to follow ethical principles and
percepts is
Correct Answer Moral management



Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial ,
Procedure of appraisal



Multiple Choice Single Answer
Question The decisions which are applied to structured or routine
problems are
Correct Answer programmed decisions



True/False
Question Micro environment is the internal environment of a company.
Correct Answer False



Select The Blank
Question ________ models can be described as a system that describe
how pieces of business fit together.
Correct Answer Business



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 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.



True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False


Strategic Management - 22



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



Select The Blank
Question Formal systems are adopted to bring ________ & amalgamation
of decentralized units into product groups.
Correct Answer Co-ordination



Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.



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



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. what the company is and why it exists.
BHAG- big headed audacious goals


True/False
Question According to Michael Porter, the core of efficiency
management is strategy.
Correct Answer True



Multiple Choice Multiple Answer
Question The control process requires the following types of
information
Correct Answer Planned performance , Variances , Reasons



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 Factors encouraging joint ventures are
Correct Answer uneconomical separate existence , risk of business
gets shared , sharing competence of each other



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 Mission
Correct Answer philosophy, public image



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management



True/False
Question Changes in company structure also necessitates changes in
the systems in various degrees
Correct Answer True



Multiple Choice Single Answer
Question Denominator management
Correct Answer cost reduction



Multiple Choice Single Answer
Question Strategic management is concerned with
Correct Answer long- range planning



Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation



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 A cycling accessory firm strive to become 'the nike of the
cycling industry' is ________category of goal.
Correct Answer role model



Multiple Choice Multiple Answer
Question Factors determining HRP (Human Resource Planning )
Correct Answer Type & Strategy of organisation , Environmental
uncertainties , Type & quality of information



Multiple Choice Single Answer
Question At this strategic level, the effort is directed at assessing
how well the organisation is pursuing a given strategy
Correct Answer Operational evaluation



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



Match The Following
Question- Correct Answer
Decision making -Managers to develop the courage to make unconventional
decisions
Social Responsibility -Managers to maintain high ethical standards


Lateral thinking- Managers to learn to deal with chaotic situations


Responsiveness -Managers to provide speedy responses to environmental
changes



Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration



True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False



True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False


Multiple Choice Single Answer
Question Degree to which the decision maker is accountable for the
outcomes of the decision is
Correct Answer accountability



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 Single Answer
Question These are critical situations that occur unexpectedly and
threaten the course of a firm's strategy
Correct Answer Crisis



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 Single Answer
Question Horizontal integration is concerned with
Correct Answer product lines



Select The Blank
Question Japan's major productivity gains are the results of social
changes brought about by ________
Correct Answer Statistical quality control



Select The Blank
Question The benefits of a change in process are defined in terms of
________ cost savings
Correct Answer Labour



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



True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True



True/False
Question Business ethics is how personal norms do not apply to
activities & goals of a commercial firm.
Correct Answer False



True/False
Question Scheduling is a part of strategic management.
Correct Answer False



Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising
out of human behaviour
Correct Answer Research and planning , Forecasting



True/False
Question Standards of performance act as the benchmark against which
the actual performance is compared.
Correct Answer True


Multiple Choice Single Answer
Question In SWOT , S stands for
Correct Answer favorable condition in the organization's
environment.



Select The Blank
Question Like roots of a tree, ________of organization is hidden from
direct view.
Correct Answer core competence



Multiple Choice Multiple Answer
Question Measures to take corrective action
Correct Answer Checking performance , Reformulate strategies ,
Standard check



True/False
Question All policies are 'statements'
Correct Answer False



Multiple Choice Multiple Answer
Question An unhealthy portfolio has
Correct Answer More dogs , Few stars



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants



True/False
Question Staffing function applies to all company levels irrespective
of levels of hierarchy
Correct Answer True



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 Strategic management deals with
Correct Answer Business process

Strategic Management - 21


Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer sharing competence of each other , uneconomical separate existence , risk of business gets shared



Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising out of human behaviour
Correct Answer Research and planning , Forecasting



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile



Multiple Choice Single Answer
Question It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy
Correct Answer Strategic surveillance



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



True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer True



Multiple Choice Single Answer
Question A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is
Correct Answer Supply chains



Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business



Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal



Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )



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 Strategic management is mainly the responsibility of
Correct Answer Top Management



Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity



Multiple Choice Single Answer
Question This strategic posture plays a leadership role in establishing how the industry operates
Correct Answer Shapers



Select The Blank
Question Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy



True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True



Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis



True/False
Question Scheduling is a part of strategic management.
Correct Answer False



Select The Blank
Question Brush your teeth twice a day is an example of expanding the total market by________.
Correct Answer more usage



Multiple Choice Single Answer
Question This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers
Correct Answer Adapters



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 Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy



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



True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False



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 Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is
Correct Answer significance


True/False
Question Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.
Correct Answer False


Multiple Choice Multiple Answer
Question These following factors determine the desire of risk
Correct Answer Strategies , Resources


Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration


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


Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share



Multiple Choice Single Answer
Question Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision


Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose



Multiple Choice Multiple Answer
Question Competenncy models reveal three types of capabilities
Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient



True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False



Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )



Multiple Choice Single Answer
Question The aim in stability strategies is-
Correct Answer move slowly & surely



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 Micro environment is the internal environment of a company.
Correct Answer False



True/False
Question Macro environment has got immediate impact on business.
Correct Answer False



Select The Blank
Question Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy



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



Multiple Choice Multiple Answer
Question Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack



True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False



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



True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False



Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence





Strategic Management - 23


Select The Blank
Question A hardware manufacture enters into software is an example of
________integration.
Correct Answer vertical ( forward )



Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline



Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax
concessions , to increase growth rates



True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True



Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business



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



Multiple Choice Single Answer
Question Core purpose
Correct Answer mission



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants



Multiple Choice Single Answer
Question Empower people through great software anytime , any place,
on any device'- Microsoft
Correct Answer vision



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 Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True



Multiple Choice Multiple Answer
Question Niche marketing means
Correct Answer end user specialist , specific customer specialist ,
geographic specialist



True/False
Question Focused company is generally protected from competition.
Correct Answer True



Multiple Choice Single Answer
Question These are moves that will pay off irrespective of what
happens in the future
Correct Answer No-regret moves



Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis



True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False



Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures



Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share



Multiple Choice Single Answer
Question Contractual entry modes are
Correct Answer licensing / franchising



Multiple Choice Single Answer
Question It enables the strategists to take corrective action at the
right time
Correct Answer Premise control



True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False



Match The Following
Question- Correct Answer
Maintain strategy -stable environment

Market follower are -imitator
Market challenger are- bypass attack
Turnaround strategy- V.R.S.


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 Multiple Answer
Question Core ideology
Correct Answer core values , core purpose



Multiple Choice Multiple Answer
Question Organizational models are
Correct Answer multinational model , international model , global
organizational model



Multiple Choice Multiple Answer
Question Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength



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 Responsibility towards society & community includes -
Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the
Correct Answer Environment Protection Act



Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.



Select The Blank
Question ________cost accounting measures the cost of producing and
ignores the cost of non-producing
Correct Answer Traditional



Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis



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 Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management



Select The Blank
Question Strategic evaluation determines the effectiveness of
________
Correct Answer Strategy



True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False


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


True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile



Multiple Choice Single Answer
Question An approach that strives to follow ethical principles and
percepts is
Correct Answer Moral management



Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial ,
Procedure of appraisal




Multiple Choice Single Answer
Question The decisions which are applied to structured or routine
problems are
Correct Answer programmed decisions



True/False
Question Micro environment is the internal environment of a company.
Correct Answer False



Select The Blank
Question ________ models can be described as a system that describe
how pieces of business fit together.
Correct Answer Business



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 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.



True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False



Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline



Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax
concessions , to increase growth rates


True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True



Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business



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



Multiple Choice Single Answer
Question Core purpose
Correct Answer mission



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants


Multiple Choice Single Answer
Question Empower people through great software anytime , any place,
on any device'- Microsoft
Correct Answer vision

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 Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True



Multiple Choice Multiple Answer
Question Niche marketing means
Correct Answer end user specialist , specific customer specialist ,
geographic specialist



True/False
Question Focused company is generally protected from competition.
Correct Answer True



Multiple Choice Single Answer
Question These are moves that will pay off irrespective of what
happens in the future
Correct Answer No-regret moves



Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis




True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False


Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures


Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share


Multiple Choice Single Answer
Question Contractual entry modes are
Correct Answer licensing / franchising


Multiple Choice Single Answer
Question It enables the strategists to take corrective action at the
right time
Correct Answer Premise control


True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False


Match The Following
Question- Correct Answer
Maintain strategy- stable environment
Market follower are- imitator
Market challenger are- bypass attack
Turnaround strategy- V.R.S..


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 Multiple Answer
Question Core ideology
Correct Answer core values , core purpose


Multiple Choice Multiple Answer
Question Organizational models are
Correct Answer multinational model , international model , global
organizational model



Multiple Choice Multiple Answer
Question Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength



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 Responsibility towards society & community includes -
Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the
Correct Answer Environment Protection Act



Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.


Select The Blank
Question ________cost accounting measures the cost of producing and
ignores the cost of non-producing
Correct Answer Traditional

Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis


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 Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management


Select The Blank
Question Strategic evaluation determines the effectiveness of
________
Correct Answer Strategy


True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False


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


True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile



Multiple Choice Single Answer
Question An approach that strives to follow ethical principles and
percepts is
Correct Answer Moral management



Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial ,
Procedure of appraisal



Multiple Choice Single Answer
Question The decisions which are applied to structured or routine
problems are
Correct Answer programmed decisions



True/False
Question Micro environment is the internal environment of a company.
Correct Answer False



Select The Blank
Question ________ models can be described as a system that describe
how pieces of business fit together.
Correct Answer Business



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 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.


True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False


Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax