Monday, May 10, 2010

SM - Strategic Management - Assignment Q and A

Strategic Management - Assignment Q and A

Strategic Management – 2 sem


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

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

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

Match The Following

Question Correct Answer Your Answer
Maintain strategy stable environment diversification
Market followers are imitator bypass attack
Market challenger are bypass attack imitator
Turnaround strategy V.R.S. differentiation

Select The Blank
Question: Displacing competitor is ________ category of goal.
Correct Answer: common enemy

True/False
Question: HR implementation involves a series of action program like production, estimation of raw materials, labor & machine hours.
Correct Answer: False

Multiple Choice Single Answer
Question: Core purpose
Correct Answer: mission

Multiple Choice Single Answer
Question: A strategy used to learn more about customers need & behaviors 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

True/False
Question: The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer: True

Multiple Choice Single Answer
Question: Retrenchment strategy means
Correct Answer: contraction of business activities

Multiple Choice Multiple Answer
Question: How does 'structure' reduce external uncertainty arising out of human behavior?
Correct Answer: Research and planning, Forecasting

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

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

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

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

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 sub factor into a statement which is positive, neutral or negative.

Multiple Choice Single Answer
Question: This strategic posture takes the current industry structure and its future evolution as given and then reacts 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

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

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

Multiple Choice Single Answer
Question: This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments
Correct Answer: Reserve the right to play

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

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

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

Select The Blank
Question: ________ relationships are effective in communicating complex information
Correct Answer: Personal

True/False
Question: The key principle of moral management is "Can we make money with this action decision or behavior"?
Correct Answer: False

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 Single Answer
Question: Export entry modes are
Correct Answer: direct/indirect export

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 behavior
Correct Answer: Culture

Multiple Choice Multiple Answer
Question: The culture of a company is conveyed through
Correct Answer: Rites, Myths, Rituals

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

Select The Blank
Question: ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer: Operational level systems

Multiple Choice Multiple Answer
Question: Competency 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

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

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

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

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

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

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

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

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: In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer: Delegation

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

Multiple Choice Single Answer
Question: Denominator management
Correct Answer: cost reduction

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

Multiple Choice Single Answer
Question: The tool used for decision making in ' The alternate futures ' scenario is
Correct Answer: Option Valuation model

True/False
Question: Adapter duplicates the leader and claims to be similar or even the same.
Correct Answer: False

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

Multiple Choice Single Answer
Question: The tool used for decision making in 'A range of futures' scenario is
Correct Answer: Technology forecasting

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

Multiple Choice Single Answer
Question: It is the most important feature in the implementation of strategic management
Correct Answer: leadership

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: 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: Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer: True

Multiple Choice Multiple Answer
Question: A Company's strategy
Correct Answer: Vital ingredient in determining it's future, Yields growth, profits etc, may result in disaster if inappropriate

Select The Blank
Question: Modern Accounting uses ________ as a unit of measure
Correct Answer: Time

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

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

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: Strategic management deals with
Correct Answer: Business process

Select The Blank
Question: Factors leading to personnel capability are________.
Correct Answer: IR, OB

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

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

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

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

True/False
Question: Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer: True

Match The Following

Question Correct Answer Your Answer
Executive summary Synopsis of marketing plan Synopsis of marketing plan
Line Managers Responsibility Ensuring Implementation of marketing actions Ensuring proper tactical changes
Middle- level Managers Ensuring proper tactical changes Ensuring Implementation of marketing actions
Top level Executives Taking decisions regarding efficient and effective allocation of resources Taking decisions regarding efficient and effective allocation of resources

Match The Following

Question Correct Answer Your Answer
Role of Chief Executive Officer Responsible right from formulation / implementation to review of strategic management Link between company & external environment
Role of SUB-level Executive More focused on product line & responsible for the co-ordination between SUBs & Senior managements Important link between strategizing & implementation
Role of consultants Hired for specialized for new business or expertise Hired for specialized for new business or expertise

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

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

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

Multiple Choice Multiple Answer
Question: How does 'structure' reduce internal uncertainty arising out of human behavior
Correct Answer: Control mechanism, Departmentalization

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

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

Multiple Choice Single Answer
Question: Maintain strategies means
Correct Answer: no change in strategies

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

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

True/False
Question: Labor satisfaction may result in unethical behavior as anger.
Correct Answer: False

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

Multiple Choice Single Answer
Question: Horizontal integration is concerned with
Correct Answer: product lines

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

Multiple Choice Multiple Answer
Question: What is Statistical Quality Control(SQC)
Correct Answer: Identifies quality and productivity from a production process, Identifies impact of any change on performance, Instantly spots malfunctions and show where they occur

Match The Following

Question Correct Answer Your Answer
Comparative analysis is historical analysis value chain analysis
Benchmarking is competitive analysis historical analysis
Michael Hammer & James Chapy Reengineering competitive analysis
GDP stands for gross domestic product gross domestic product

True/False
Question: Under functional strategies we have vertical fit & horizontal fit.
Correct Answer: True

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

Select The Blank
Question: ________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer: Flotilla concept

Multiple Choice Single Answer
Question: Expansion strategy means
Correct Answer: growth

Multiple Choice Multiple Answer
Question: supplier & technological environment is concerned with
Correct Answer: trends and rate of change of technology, quality & no. of suppliers, logistics, raw material

Multiple Choice Single Answer
Question: They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organizational implications
Correct Answer: Board of director

Match The Following

Question Correct Answer Your Answer
Programs Combination of goals, policies, rules Combination of goals, policies, rules
Policies General statements and understanding which, guide thinking in decision-making General statements and understanding which, guide thinking in decision-making
Procedures Are plans and a guide to action Are plans and a guide to action
Rules Spell out specific action or non-action Spell out specific action or non-action

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

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

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

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

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

Multiple Choice Multiple Answer
Question: The Hallmarks for self-regulation are
Correct Answer: Trust & fairness, Changed Management, Integrity & thoughtfulness

True/False
Question: Divestiture is opposed to diversification.
Correct Answer: False

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

Match The Following

Question Correct Answer Your Answer
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and projected performance Difference between desired and projected performance
Corporate parenting Managing SBU's by a corporate Misfit with understanding of critical success factors
Heartland business Give the highest priority Give the highest priority

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

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

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

True/False
Question: Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer: True

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

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: Money is invested by way of
Correct Answer: Debt, Equity

Multiple Choice Multiple Answer
Question: Macro environment
Correct Answer: Political- legal, socio-cultural, economic-demographic
Select The Blank
Question: Module of Flotilla strikes an optimum balance of ________ and flexibility
Correct Answer: Standardization

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: Investment entry mode are
Correct Answer: joint venture/independent ventures/subsidiaries

Multiple Choice Multiple Answer
Question: Various phases of Growth are
Correct Answer: Creativity, Delegation, Co-ordination

Select The Blank
Question: GATT stands for ________.
Correct Answer: general agreement on trade & tariff

Multiple Choice Multiple Answer
Question: Factors to be considered in political- legal environmental scanning are
Correct Answer: govt. policies, stability, philosophy of govt., legal system, implementation, infrastructure, import-export

Multiple Choice Single Answer
Question: It is used extensively in organization and is concerned with action or performance
Correct Answer: Operational control

Multiple Choice Single Answer
Question: Financial environment is concerned with
Correct Answer: demand & supply of money, capital markets

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

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

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

Multiple Choice Single Answer
Question: The discipline which deals with what is good and bad and which moral obligation is
Correct Answer: Ethics

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

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

Match The Following

Question Correct Answer Your Answer
Turnaround Strategies Retrenchments - either internally or externally Retrenchments - either internally or externally
Retrenchment Strategies Contraction of activities through elimination of the scope of one or more of its business Contraction of activities through elimination of the scope of one or more of its business
Divestment Strategies Involves the sale or liquidation of a portion of a business Involves the sale or liquidation of a portion of a business

Select The Blank
Question: ________ identifies the impact of any change on performance
Correct Answer: Statistical quality control

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

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

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

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 control

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

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

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

Multiple Choice Single Answer
Question: Vertical integration is concerned with
Correct Answer: supply chain

Select The Blank
Question: A hardware manufacture enters into software is an example of ________ integration.
Correct Answer: horizontal

Multiple Choice Multiple Answer
Question: Harvest strategy is used for
Correct Answer: Dogs, question marks

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

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: CAP related to internal appraisal of firm stands for
Correct Answer: competitive advantage profile

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

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

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

Match The Following

Question Correct Answer Your Answer
Marketing a product Mass segmentation Availability of resources
Environmental Analysis Social, Political, legal & technology Life cycle considerations
SWOT Analysis Matching, converting, minimizing & avoiding strategies Product formulated
Marketing strategy Life cycle considerations Mass segmentation

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

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

Multiple Choice Multiple Answer
Question: Strategic intent
Correct Answer: obsession with an organization, ambitions in proportion to their existing resources & capabilities, what the organization strives for.

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

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: Different kinds of information systems are
Correct Answer: Operational level system, Knowledge level system, Management level system

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

Multiple Choice Single Answer
Question: General Electric Matrix is divided into how many cells
Correct Answer: 9

Multiple Choice Single Answer
Question: Mission
Correct Answer: philosophy, public image

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: ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer: Self-awareness

Multiple Choice Multiple Answer
Question: These people are primarily responsible for operating control based on budgeting, reporting and financial analysis
Correct Answer: Company secretary, Auditor, Financial controller

Multiple Choice Single Answer
Question: It indicates the degree of differentiation
Correct Answer: Structure

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

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

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

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

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

Match The Following

Question Correct Answer Your Answer
Sources of funds Factor leading to financial capability Product, Price, Place, Process
The retrieval and usage of information Factor leading to Information Management Capability Factor leading to Personnel Capability
The Personnel System Factor leading to Personnel Capability Product, Price, Place, Promotion
4 Ps are Product, Price, Place, Promotion Value chain analysis

Multiple Choice Single Answer
Question: The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer: Functional strategies

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

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

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

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

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

Multiple Choice Single Answer
Question: At this level, the effort is directed at assessing the consistency of strategy with the environment
Correct Answer: Strategic evaluation

Match The Following

Question Correct Answer Your Answer
strategic alliances means two or more entities join hands for mutual benefit. two or more entities join hands for mutual benefit.
vertical forward integration means becoming your own customer becoming your own customer
horizontal integration means additional product/service for same customers additional product/service for same customers
vertical backward integration means becoming your own supplier becoming your own supplier

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

Match The Following

Question Correct Answer Your Answer
Ansoff S.M. is the systematic approach to position and relate firm to its environment. S.M. is the systematic approach to position and relate firm to its environment.
Sharplin S.M. is the formulation & implementation of plans related to total organization. S.M. is the formulation & implementation of plans related to total organization.
Glueck S.M. is a stream of decisions & actions S.M. is a stream of decisions & actions
Hofer S.M. is the process, which deals with organizational renewal & growth. S.M. is the process, which deals with organizational renewal & growth.

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: The tool used for future decision making in 'True Ambiguity' scenario is
Correct Answer: Non-linear dynamic model

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

True/False
Question: All policies are 'statements'
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

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

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

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

Match The Following

Question Correct Answer Your Answer
Horizontal integration means Additional product/service for same customers Additional product/service for same customers
Vertical forward integration means Becoming your own customer Becoming your own customer
Position defense means Fortification around one's territory Fortification around one's territory
Market follower are Imitator Imitator

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

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

Multiple Choice Single Answer
Question: It is the process of selecting people for company positions and developing skills and abilities for assignments in the company
Correct Answer: Staffing

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

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

Match The Following

Question Correct Answer Your Answer
Vision what a company wishes to become or aspires to be. 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 big headed audacious goals
Fit SWOT analysis first intensive target

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

Multiple Choice Single Answer
Question: The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer: Man-power planning

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

Multiple Choice Single Answer
Question: A Large-scale community development project was funded to enable farmers to use local resources effectively by
Correct Answer: Asian Paints

Multiple Choice Single Answer
Question: It refers to the relatively more durable company arrangements and relationships
Correct Answer: Structure

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

Multiple Choice Single Answer
Question: The traditional approach towards uncertainty is
Correct Answer: Binary

Multiple Choice Single Answer
Question: The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routines & can be done at a junior level are
Correct Answer: operational decisions

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

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

Multiple Choice Single Answer
Question: The objective to maximize value of the enterprise by striking a mean between liquidity, risk and profitability is
Correct Answer: Receivables planning

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

%%%%%%%%%%%%

Customer’s loyalty can be gained through Differentiation: True [P-127, U-6]

The model based on 30 strategic variables and stored in an exclusive computer based model and database is know as the: PIMS Model

Sustainable Competitive advantage is necessary of the working of the – Portfolio Concept

The Delphi method is an exercise in group communication among a panel of well dispersed experts.

Arvind Mills endeavors to be a one stop shop for leading garment brands – True [P-82, U-4]

The GE Matrix, Investment should be made for the Growth Domain, to allow the product to grow with the market

Cadbury’s add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of Counteroffensive defense.

Divestment involves the sale or liquidation of a portion of business.

Analysis of an Enterprises position suggests the following strategy: Invest, Grow, Harvest, Co-Competition (Check book)

Matrix organization is also known as “Grid”, or “Project” or “Product Management” True [P-241, U-9]

Environmental competitiveness tends to encourage ethical behavior:- False

The environment which has a direct impact on the company the – Immediate environment.

The reasons for acquisition are – Increase market power, Increased diversification, Increased speed to market [P-325, U-11]

The CEO is the supreme authority in Company:- False

Investment in a “Question Mark” product/unit is worthwhile when :- There is no dominant competitor.

After the Second World War, Policy making and functional area-integration didn’t suffice for the organization due to the : Effect of Environment on the business.

The details which have been retrieved, processed and used for in presence purpose or decision making is known as – Information

The factors considered for an Internal Environment Study include – Resources, Capabilities, Competencies. [P-77, U-4]

Value chain analysis is an effective tool for internal analysis.

Organizational capabilities is – Measurable, Comparable, the inherent potential of an organization [P-80, U-4]

Cost Leadership is a business level strategy – True

Supplier & technological environment is concerned with – Quality & no of suppliers, Logistic and raw material, trends and rate of change of technology. [P-76, U-4]

Stockholders are not the owners of corporation that’s why their interests are not paramount – False

In the first phase of evolution of ‘Strategic Management’ planning was done on the premise of ad-hoc policy making.

Specific Single dimension question = Delphi method [P-207, U-8]
Framework for allocating resources among different business units = BCG Matrix [P-178, U-8]
Low resistance from competition = Game theory [P-203, U-8]
Desire d Performance Vs projected performance = Gap Analysis [P-186, U-8]

Divestiture is an end in itself – False

It is better not to invest in a “Question Mark” if – there is an established leader in the market.

Initiatives taken by Maruti Udyog Limited for leadership include – Vendor Rationalization, Tie up with SBI and its associate banks to reach smaller towns, Presence across different segments [P-35, U-2]

The information Management Capabilities of an organization are known by its – transmission and dissemination of information, Integrative factors, processing of information (Check book: Promotional related activities)

Operational efficiency is essential but not sufficient – True

Macro environment includes – Political-Legal, Socio-Cultural, Economic-demographic, Technology [P-76, U-4]

Strategy is about achieving excellence in individual activities – False

The main functions of the corporate strategy include is – to provide strategic direction to the firm, to ensure the fit between the firm and its environment, set the pace of the corporations total growth [P-47, U-3]

SWOT Analysis of Arvind mills has highlighted the following Opportunities for the organization:- Textile Industry identified as core sector of India, Free access to the huge global textile market, Textile Industry shifting to developing countries like India for cost cutting. [P-82, U-4]

T in SWOT refers to – Unfavorable condition in External environment.

The various methods of resource allocation are – Strategic Budgeting, Matrix Budgeting, PLC Based Budgeting [P-229, U-9]

Core Values are – Independent of the current industry environment.

Uncertainty, complexity & are the main challenges in strategic management.

Every company reinvents itself over a period of time – True.

Increase in passenger vehicle = Affordable Finance (Check book)
Consultant = Unbiased opinion
Senior Management = Answerable to the Board of Directors and CEO [P-38, U-2]
CEO = Link between company and the board of directors and also to the external Environment.

Other options are: Provide Administrative support. (Check book)

The Delphi Method was developed as a result of technology forecasting study done by the US Military.

Core Competencies – are the wellspring of new business.

The common areas of application of PIMS Method include – Forecasting Profit, Appraising new business opportunities, effective allocation of capital, manpower and other scarce resource, Assessing SBU managers performance – actual Vs expected. [P-201, U-8]

SBU’S are formed when there are – multiple businesses.

In the Directional Policy Matrix, the call in the bottom left cornet the strategy suggested is – divestment.

Financial Strength – is an internal Dimension of the Space Matrix.

Middle managers are not actively involved in formulation of strategies.

A market challenger adopts the following marketing strategy – Flank Attack

Mehool-1

Policies define an area within which a decision is to be taken – True [Page: 64, U-3]

Strategic management deals with - Business process – checked

A corporation is considered a piece of property, not a human community so it can be sold & owned by a propertied class: True [P-263, U-10]

Middle level Managers are: The link in strategizing and implementation, not actively involved in formulation of strategies, developed to be the future top management. [Page: 38, U-2]

The conditions which lead to the evolution of the 3rd phase of evolution of Strategic Management include: geographical large market, more number and type of customers, increased competition. [P-3, U-1]

Niche Marketing means: end user specialist, specific customer specialist, geographic specialist. [Page 129, U-6]

In bad times, when a business is doing badly, the challenge is: to create new spaces in the market, uniquely suited to the strength of the organization. [P-60, U-3]

Access to investment resource is a factor determining competitive strength: True or False??

Demand Variability is a determinant of: Environmental Stability [Page 208, U-8]

In a delegation a decentralized structure is achieved & harmonized at the plant & area levels. [P-248, U-9]

Factors determining HRP (Human Resource Planning): Type & Strategy of organization, Environmental uncertainties, type and quality of information. [P-287, U-11]

The world suffered a traumatic depression in 1950: True or False.???

After the success of Japanese and Asian companies in the eighties, many companies copied the efficiency and practices of the Japanese companies. These practices refer to: Operational effectiveness. [P-21, U-2]

Market followers are = Imitator, Counterfeiter, Cloner, Adapter. [P-129, U-6]
Market challengers are = Bypass Attack, Front, Flank, Encirclement, Guerilla. [P-129, U-6]
Turnaround strategy = V.R.S (Cant Say)
Maintain strategy = stable environment (U-5, P-94)
Options: differentiation

The hallmarks for self-regulation are: Trust & fairness, changed management, Integrity & thoughtfulness. [P-261, U-10] check for Misconstrued for total lack of emotions.

Responsibility towards society & community includes – Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the: Environment Protection Act. [P-272, U-10]

The one quality that all great leaders share is that of: Emotional intelligence [P-259, U-10]

A Niche can be on the basis of – End user specialist, customer size specialist, geographic specialist. [Page-129, U-6]

Operational level strategies are derived from Functional strategies. [Page-25, U-2]

Companies employ trained Psychologists to develop “competency models” to identify potential leaders. [P-259, U-10]

The factors affecting environmental appraisal are: strategist related, organization related, environment related [P-84, U-4]

Competency model reveal three types of capabilities: Technical skills, Cognitive skills, Emotional intelligence Quotient [P-259, U-10]

The benefits of a change in process are defined in terms of Labour cost savings [P-156, U-7]
Traditional cost accounting has 3 major limitations – Cost accounting assumes the factory as an isolated entity. [P-156, U-7]

It refers to the relatively more durable company arrangements and relationships: Structure [P-144, U-7]

Trade offs occur when there are inconsistencies in image and reputation. [P-21, U-2]

Module of Flotilla strikes an optimum balance of standardization and flexibility. [P-157, U-7]

1st phase of evolution of strategic management = Single product line [P-2, U-1]
1st phase of evolution of strategic management = Owner-Manager
1st phase of evolution of strategic management = Integration of the functional areas
1st phase of evolution of strategic management = Crucial role of environment on business
Options are: Integration of the functional areas, Renovision, Single product line, Owner-Manager, Crucial role of environment on business, global competition.

An Operating Turnaround strategy is usually linked with internal retrenchment. [P-120, U-6]

It indicates the degree of differentiation: Structure. [P-145, U-7]

Procedures are the chronological sequences of required actions. [P-65, U-3]

Companies have strengths in a number of areas but their key strengths are few in number: True cheked

Role of a Manager in today’s changing business scenario is to:
Have a work-life balance, establish an environment for accomplishing group goals with least time, money material and personal dissatisfaction, takes actions that make it possible for individuals to make their best contribution to group objectives.

Identification of the Critical Success Factors can be done: By SWOT analysis [P-77, U-3]

The CEO is the most important strategist and responsible for all the aspects. True [P-37, U-2]

Interpersonal roles include Figurehead role, Liaison role, Leader Role. [P-12, U-1]

This strategic posture plays a leadership role in establishing how the industry operates: Shapers [P-141, U-7]

The profit-impact of Market Strategy (PIMS) Model enables firms to quantitative evaluation of business strategy. [P-197, U-8]

SPI = Strategic Planning Institutes [P-197, U-8]

Japan’s major productive gains are the result of social changes brought about by – Statistical Quality Control. [P-156, U-7]

Reputation resource is an intangible external resource – True [P-77, U-4]

A transnational strategy includes: Global learning, Creative approach to managing, Combined approach of low-cost and high local responsiveness simultaneously for their product/service [P-118, U-6]

Style of a company are the patterns of actions taken by members of top management over a period of time: True. [P-146, U-7]

A competent Manager should perform which of the following roles? – Interpersonal role, Informational role, Decision role. [P-12, U-1]

The term strategy is derived from the Greek word “Strategies” which means General ship-the actual direction of military force. True [P-20, U2] Strategos

Vision what the company aspires to be. [Page-48, U-3]

System are formal and informal rules and regulations that complements the company structure. True [P-148, U-7]

Economies of Scale are an important aspect in an organization that pursues the strategy of: Cost leadership. [P-126, U-6]


Mehool-2

Managers feel themselves to be a part of a process, and not isolated, when they can relate environmental changes to the following changes within the organization – Policy change [P-6. U-1

Hierarchy of strategies in descending order is: SBU level, Corporate Level, Functional level, operational Level – False [P-25, U-2]

The issue seen in Strategic decision making includes: It needs objective setting, Proper evaluation of decision making, creativity in decision making needed for complex situations [P-26, U-2]

ROI (Return on Investment is determined by – Stage of product life cycle [P-200, U-8]

A technique used in environmental forecasting is – Game theory [P-74, U-4]

Premium Branded helped Apollo Tyres weather storm of Depression: True [P-8, U-1]

Stretching over new territories, broadening markets by a company is a form Mobile defense under Defending market Share [P-128, U-6]

The outer circle of are of social responsibility is associated with issues like training of unemployed employment for handicapped people & minorities etc. True [P-269, U-10]

SPACE Matrix = Internal Strategic Position Vs External Strategic Position [P-209, U-8]
Gap analysis = Performance Vs Time [P-186, U-8]
McKinsey / GE Matrix = Industry Attractiveness Vs Business Strength. [U-8]
Boston Matrix = Market Growth Vs Market share [U-8]

Japanese companies unleashed a force across the world along with other Asian Companies posing a threat to US and European companies in the Eighties. [P-21, U-2]

An unhealthy portfolio has: More Dogs, Few Stars. [P-183, U-8]

One of India’s largest diversified Business House is Reliance Industries.

If a diversified company is compared to a large tree, the large limb represents the end products. False [P-79, U-4]

Attack strategies are: Frontal Attack, Flank Attack, encirclement attack, bypass attack, guerilla attack [P-129, U-6]

According to Michael Porter, the core of efficiency management is strategy: True [checked]

The cultural of a company is conveyed through: Rites, Myths, Rituals, legend and actions [P-146, U-7]

Environmental issues lend themselves to a straightforward classification into neat categories. False

Business is rated on which dimensions? Market Attractiveness, Business Strengths [Checked]

The various areas covered by social responsibility are: Inner Circle, Intermediate circle, Outer circle [P-269, U-10]

Some techniques used for Environment forecasting include: Simulation, Cross-Impact analysis, Morphological Analysis, Game Theory, Analogies. [P-74, U-4]

Strategic Intent captures the essence of winning and is stable over time. [P-59, U-3]

Arranging training program on productivity is a strategic decision. False Checked

Business models can be described as a system that describe how pieces of business fit together. [P-245, U-9]

Gap Analysis = Difference between desired and projected performance [P-186, U-8]
Corporate Parenting = Managing SBU’s by a corporate [P-159, U-7]
Heartland Business = Give the highest priority [P-160, U-7]
Ballast Business = fit well but low opportunities [P-160, U-7]

Business strength is an index of factors like: Relative market share, Price, Competitiveness, Product quality, customer & Market knowledge, sales effectiveness and geographic advantages. [P-190, U-8]

Industry Attractiveness index is made up of factors like: Market size, market growth, industry profit margin, amount of competition, seasonally & cyclically of demand and industry cost structure [P-190, U-8]

A contractual form of entry into global market is seen in: Franchising/ Licensing [P-119, U-6]

_____ constitute/s the focus for strategy at the corporate level. (Core competencies, external environment, SBU’s, Industry climate) ????? need to be check again

When a company emulates the market leader with slight variation, it is called a Cloner. True [P-129, U-6]

Supplier & technological environment is concerned with: Quality & no. of suppliers, Logistic, raw material, trends and rates of change of technologies. [P-76, U-4]

It states that the private sector, because of its considerable economic & human resource must help in social programs. - The capacity argument [P-265, U-10]

The result of the SPACE Matrix indicate direction for: Future Investment [P-211, U-8]

An organization develops its core competencies over a period of time – True.

S in SWOT stands for: Inherent capacity of organization [P-72, U-4]

In the cash flow of a product, the payoff from growth must come when the growth slows [P-181, U-8]

The factors considered to study the financial Capacity of an organization include: ability of the company to raise funds, their cost and availability (Sources of funds), usage of fund, management of funds [P-80, U-4]

Decision Role is inclusive of: Negotiator role [P-13, U-1]

The Boards of Directors is the link between the company and the environment. [P-37, U-2]

Quantitative Management Viewpoint emerged as a manor force during World War II [P-10, U-1]

Divestiture is not an end itself, and leads to creating new business and strengthening existing ones. [P-124, U-6]

Customer loyalty can be gained through Differentiation. True [P-127, U-6]

Strategic Management is concerned with: Long term planning

In the BCG approach, units or products with low market share in high growth markets are called Question Mark. [P-180, U-8]

Denominator management includes: Cost Reduction [P-60, U-3]
Numerator – typically turnover / sales – i.e. the figures showing the position externally. The denominator would be cost, profits, and mainly internal parameters. To show better results – there is a short cut available which is tempting i.e. focus on the internal parameters – so restructure – cut costs – and do things that may hurt a company.

In the GE Matrix, the cells in the top left hand corner of the matrix include. Leader [P-194, U-8]
Leader, Try harder, growth.*

Recovery situation include: Temporary viability, survival possible but little potential for future growth exists, cost cannot be reduced and declining demand. [P-119, U-6]

A combined approach of low cost and high local responsiveness simultaneously for the products and services is a part of: Transnational strategy [P-118, U-6]


Mehool-3

Profit centers = S.B.U.s [P-23, U-2]
S.B.U.s are more focused on their = Product line/business [P-38, U-2]
Manufacturing Strategy = Productivity ??
Board of Directors = Link between company and external environment [P-37, U-2]

GE Matrix = Leader Domain ??
Boston Consulting group (BCG) = Cash Cows ??
Gap Analysis = Performance Analysis [P-186, U-8]
PIMS = General Management tool [P-201, U-8]
Options are: Allocentric focus, Portfolio Analysis

The organization with narrow span have the advantage of: Close Supervision, Close Control, Fast communication between superiors & subordinates. [P-231, U-9]

To maintain a regular and continuous supply of goods & introduce better and new products through R&D is one of the social responsibilities of – Business [P-270, U-10]

Core Values are – few deeply rooted values [P-48, U-3]

Business markets with very large market shares enjoy higher rates of return because of – Economies of Scale [P-199, U-8]

In the GE Matrix, The SBU’s: In the upper left are those in which the company should invest and grow, in the lower right corner, harvest strategy to be used, in the lower right cell, should be divested. [P-190, U-8]

The environment of any organization is “the aggregate of all conditions, events and influences that surround and affect it” True – [P-70, U-4]

The stage of Product Life Cycle has no impact on the ROI: False [P-200, U-8]

Change in company’s strategy gives rise to problems necessitating a new structure to be made – True [P-145, U-7]

Brush your teeth twice a day is an example of expanding the total market more usage. Checked

Game theory creates a need for a shift in perception of competition [P-203, U-8]

A business can shift from Lose-Lose to Win-Win situation by shifting to – Allocentric [P-203, U-8]

Only a diversified company, with a balanced portfolio can use its strength to capitalize on its growth opportunities. [P-181, U-8]

Responsibility for managing the company and relationship is with the: CEO [P-37, U-2]

The objective of R&D by Maruti Udyog Limited was two fold. One was to reduce product costs and the second was: to become the regional R&D hub for Suzuki operations. [P-35, U-2]

The important variables to make a decision is the time constraints within which the problem must be solved. [P-222, U-9]

A star, if successful, will become a cash cow when its industry matures. [P-180, U-8]

The Board of Directors is the supreme authority in a company. [P-37, U-2]

HR implementation involves a series of action programme like production, estimation of raw materials, labour & machine hours – False [P-288, U-11]

Co-operation is another name for a – Win-Win Situation [P-105. U-5]

The working system in Maruti Udyog Ltd is as the Japanese System and encompasses such practices as the same uniform for all levels of the workforce. – True [P-32, U-2]

A cycling accessory firm strive to become “the Nike of the cycling industry” is role model category of goal. [P-50, U-3]

Issues in strategic decision making are: - Personal limitation, influence of group, Limitations regarding rationality, creativity & logic. [P-26, U-2] – Concept of maximization, satisfying, instrumentalism. [P-26, U-2]

Divestiture is an end in itself – False.

Infosys, a major Indian IT company, binds all its business unit in Europe and in the west by transfer of learning that evolves in its units and keeps the uniformity. This can be termed as: (Global learning, KPI, Centralized configuration, Environmental Demand) Opps can’t say!!

The Primary responsibility for charting and deciding the future course of action in an organization is with the: General Manager [P-233, U-9]

Ford’s goal to “Democratize the automobile” falls in the role model category – False, it falls under Target Model. [P-50, U-3]

Functions of top management are – Policy framing, Plan formation [P-233, U-9]

A study of the Marketing environment will include – customer’s perceptions, price-performance equation, competition [P-75, U-4]

Factors to be considered in Political-Legal environment scanning are: govt. policies, stability, philosophy of govt., Legal system – implementation – infrastructure. [P-76, U-4]

Corporate strategy ensures: Fit between the firm and its environment – [P-47, U-3]

Building core competencies by an organization does not include the following activities: Sharing costs by SBU’s, Building global brand dominance, Outspending competition on R&D. [P-79, U-4]

Cost Leadership involves a company attaining the lowest cost of producing a product or a service. [P-125, U-6]

The Star of the portfolio has the following qualities: A market leader having high growth rate, High investment particularly assets. [P-182, U-8]
P.S. Sarts are not Cash Generators. Sometimes stars are not self-financing

General Motors overtook ford in the 1930’s because Ford did not replace their goal after achieving their desired goal – True [P-50, U-3]

Core Ideology means: Core Value, Core Purpose – True [P-48, U-3]

In the 1980’s when the textile industry faced a major crisis, Arvind Mills was at its highest level of profitability – True [P-9, U-1]

The niche marketer is a leader in small markets – True [Page-129, U-6]

Functional strategies are under the SBU level. [P-25, U-2]

Reciprocal responsibility goes a long way in building credibility and motivation, means equal blame and credit [P-59, U-3]

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 – Capital structure planning [P-293, U-11]

The Indian Manger, in the current scenario needs which the following? – Managing and understanding IT, Global sensitivity, People Management [P-6, U-1]

The environment had a crucial role on business leading to concept of strategy. [P-4, U-1]

The vertical axis of GE strategic Business Planning Grid represents – Industry attractiveness [P-188, U-8]

Appraisal system performs role of evaluation of managerial performance against organizational objective to ensure strategy implementation. It also provides basis for salary, rewards, incentives, promotions etc. [P-257, U-10]

Puneet

Self-Discipline and greater accountability replace formal control. [P-248, U-9]

The Perception opportunity arises when business are unaware of potential benefits of synergy. [P-330, U-11] P.S. Evaluation, Motivational and Implementation opportunities.

A strategy needs:- Operational effectiveness, Trade-Off, Fit. [P-21,22, U-2]

In the GE Approach, the Industry Attractiveness index includes factors like: Market size, Market Growth, Seasonally & Cyclically of demand. second last paragraph [P-190, U-8]

The X-axis in the Gap Analysis is represented by Time [P-186, U-8]

The CEO is the most important strategist and responsible for all the aspects. True [P-37, U-2]

The Product Portfolio has the following qualities: - It is a function of balance between cash flows, It consists of products with different growth rates and different market shares, A balanced portfolio can help to capitalize on growth opportunities. [P-181, U-8]

Narrow functional boundaries are cut across by ___ Management. (Strategic, Functional, Financial, E-Commerce) – Strategic – Guess

“Globalization, Integration of markets” are factors involved in a study of:- Market environment [P-75, U-4]

Procedures are the chronological sequences of required actions. [P-65, U-3]

In strategies formulation, when activities are incompatible you need. Trade-offs [P-21, U-2]

Depressed Exit Price’ Represents:- Decreased shareholder value [P-123, U-6]

It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments. – Departmentation – [P-234, U-9]

There are Three levels at which strategic plans are made for most companies. [P-24, U-2]

Operational Level system support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc. [P-255, U-10]

The major issues of appraisal system are: Factors of appraisal, Relevance of appraisal, Procedure of appraisal. [P-257, U-10]

Envisioned Future = vivid description [P-48, U-3]
Strategic Intent = Canon wanted to Beat Xerox [P-61, U-3]
Core Ideology = Character of organization [P-48, U-3]
Strategic Planning = SWOT Analysis

Micro environment is the internal environment of a company – False.

Three main criteria for decision making are: Concept of maximization, concept for satisfying, concept of incrementalizm. [P-225, U-9]

Strategic rest on unique activities – perform activities differently or to perform different activities than rivals – True [P-21, U-2]

How does ‘structure’ reduce external uncertainty arising out of human behavior: Research and planning, Forecasting – [P-144, U-7]

Mission means: philosophy, public image [P-55, U-3]

Companies connecting with all their Branch offices on real time basis in an impact of the IT Revolution – True [P-11, U-1]

Making philanthropic contributions, sponsoring a clinic for AIDS victims & training the economically disadvantages are the examples of: Discretionary Activities. [P-266, U-10]

Identification of the Critical Success Factors (CSF’s) can be done: By SWOT analysis [P-77, U-3]

In Delphi method, the questionnaires are transmitted more than once – True [P-205, U-8]

Labour satisfaction may result is unethical behavior as anger –False. [P-278, U-10]

SWOT analysis is the cornerstone to decide on strategy [P-85, U-4, Summary]

The characteristics of a Mission Statement include: Specific, Motivational, Distinctive [P-54, U-3]

The supplier and technological environment is concerned with logistic – [P-76, U-4]

Merger takes places – Between a buyer and a seller, to avail tax concessions, to increase growth rates. [P-103, U-5]

Like roots of a tree, Core competencies of an organization is hidden from direct view. [P-79, U-4]

The various models of social responsibility are – Austere Model, Vendors Model, Civic Model [P-269, U-10]

Policies do not allow for some discretion – False. They allow otherwise they would be rules [P-64, U-3]

The Delphi method is useful in answering one, specific, single dimension question. [P-207, U-8]

Acquisitions which are friendly are termed as “Take-over” – False. [P-324, U-11]

When the “Competitive position is strong and the industry attractiveness is high”, the strategy for the SBU is to:- Invest and concentrate effort on maintaining strength [P-188, U-8]

The Internal analysis for the Organizational Capability Study uses tools like: Value Chain analysis, Qualitative Analysis, Comparative Analysis, Simulation. Need to be check again – choose 1st , 2nd, 3rd.

Scheduling is a part of strategic management – False. Checked

It includes the behaviors and are expected of business from society’s members – Ethical and discretionary responsibility [P-265, U-10]

Maruti Udyog Limited now accepts old cars of any manufacturer for a MUL can under its scheme under: True Value [P-35, U-2]

Competitors in segments cannot be clearly defined = cant say BCG
Co-opetiton = WIN –WIN [P-203, U-8]
Each stage of the product has a different strategy = PLC Concept [P-208, U-8]
Industry Strength = Growth Potential [P-209, U-8]
Options are: Lose-Lose theory, Product Portfolio concept, BCG approach

After the fall of USSR, the world rapidly moved towards – Liberalization. [P-11, U-1]

St Mgmt.

Over dependence on a single product line in a mature market indicates: Strategic disadvantage.

Lifestyle, uniqe customer requirement provided, in all markets, the scope for Focus [P-127, U-6]

Consolidation Strategies means: Better profit Strategies [P-94, U-5]
Maintain Strategies mans: No change strategy
Small Exploration Strategies mans: Pause/proceed with Caution strategies

The major (6) principles that explain the linkage between strategy and performance in PIMS Model includes: Quality of the products & services, Market Share, High investment, Cash flow position, vertical integration, Return on investment [P-199, U-8]

Maruti Udyog Limited has retained leadership position throughout due to the following:
Focused on the Indian geographical conditions, Analyzed unmet needs which catered to millions of customers in India, Large number of distribution channel and service centers throughout the countr. [P-33, U-2]

Marketing strategy for a niche market includes: continuously creating new niches. [P-129, U-6]

Core Competence is the collective learning of an organization. [P-79, U-4]

Financial Strength and competitive advantage – are two internal dimension of Space Matrix.
Environment stability and Industry strength – are two external dimensions of Space Matrix. [P-209, U-8]

A pictorial depiction of various outcomes of a decision is – Decision Tree. [P-226, U-9]

Decision making is defined as the selection of a course of action from among alternative; it is the core of planning. [P-224, U-9]

Strategic decision making is the task of a senior manager. [P-224, U-9]

Divestiture is opposed to diversification – False

For a high cash generation, one requires – high return and slow growth. [P-183, U-8]

Strategic Management Process is an effort to satisfy key organizational stakeholders – False.

The tool used for decision making in ‘A range of futures’ scenario is: Technology forecasting [P-139, U-7]

In a Win-Win situation there is a high resistance from competition – False; low [P-203, U-8]

Increase in “Volumes of Business” was characteristic of: Industrial Revolution [P-10, U-1]

It is better not to invest in a ‘Question mark’ if there’s already an established leader in market. But, if there are a number of competitors but no dominant one, investment may be worth while. [P-180, U-8]

Magnitude of the decision outcome and scope of the impact on the decision maker’s domain of activity is – Significance [P-222, U-9]

Strategic Intent induces which of the followings? Use of competitive intelligence at all levels, reciprocal responsibility and competitive innovation. [P-59, U-3]

The Delphi method characterized by: Structuring of information flow, feedback to the participants, anonymity for the participants. [P-205, U-8]

The Route Map for navigation the firm through all fluctuations and turbulences the company may face is – Primary corporate strategy [P-47, U-3]

Social responsibilities of a business mean the obligations, which it has to discharge towards the section of the community: - True

Strategic Intent involves: Sizeable stretch, reciprocal responsibility, Documenting failure – Strategic intent is clear about the ends, but flexible about the means [P-59, U-3]

Under functional strategies we have vertical fit & horizontal fit – True [P-284, U-11]

Figurehead role = Interpersonal Role
Spokesperson role = Informational Role
Ability to see big picture = Conceptual role
Team work = Human Skill

The business scenario changed after Liberalization and includes changes like: Formation of WTO, IT Revolution, Online trading. [P-11, U-1]

Retrenchment strategy means: Contraction of business activities [P-119, U-6]

Traditional cost accounting measures the cost of production and ignores the cost of non-producing [P-156, U-7]

Apollo Tyres = P-7
Arvind Mills = P-8
Nicholas Piramal Limited = P-13
Maruti Udyog = P-27

• The portfolio concept works only when the Competitive advantage is: choose only one
Real
Maximum
Increasing
Stable

• Grand strategies operate over different dimensions, namely

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


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


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


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


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


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


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
Your Answer True


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


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


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
Your Answer mission


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer False


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


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


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


Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Your Answer Operational level systems


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


Multiple Choice Single Answer
Question The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer Funcational streategies
Your Answer Funcational streategies


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


Multiple Choice Single Answer
Question Consolidation strategy means
Correct Answer better profit strategy
Your Answer move slowly & surely


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


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model


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


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


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


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


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


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


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


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


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.
Your 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 market research is conducted by
Correct Answer by employees , by research agencies , by consultants
Your Answer by research agencies , by consultants


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


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision


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


Multiple Choice Multiple Answer
Question Harveststrategy is used for
Correct Answer Dogs , Question marks
Your Answer Question marks , Stars


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


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


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


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


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


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
Your Answer False


Match The Following
Question Correct Answer Your Answer

Comparative analysis is historical analysis historical analysis

Benchmarking is competitive analysis competitive analysis

Michael Hammer & James Chapy Reengineering Reengineering

GDP stands for gross domestic product gross domestic product



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


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
Your Answer aversion


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


Multiple Choice Single Answer
Question The discipline which deals with what is good and bad and which moral obligation is
Correct Answer Ethics
Your Answer Ethics


The benefits of a change in process are defined in terms of cost savings
Getting new users is a position defense strategy.

True

False




Factors leading to personnel capability are .
Tata motors goal of reaching middle class two wheeler owners is a category of goal.

Business is rated on which dimensions

a)


b)


c)


d)


Market attractiveness

Business strength

Profit margin

Competition level


At this strategic level, the effort is directed at assessing how well the organisation is pursuing a given strategy

a)


b)


c)


d)


Strategic evaluation
Operational evaluation
Implementation evaluation
Premise evaluation

1. Profit centers
1. Finance department

2. S.B.U.s are more focused on their
2. Link between company & external environment

3. Manufacturing strategy
3. Productivity

4. Board of Directors
4. Profit making organizations

5. S.B.U. s

6. Product line/business





Reciprocal responsibility means equal blames and credit.

True

False


Scheduling is a part of strategic management.

True

False


CAP related to internal appraisal of firm stands for

a)


b)


c)


d)


competitive advantage profile
central assessment programme
competency assessment process
Corporate appraisal programme

The objective to maximize value of the enterprize by striking a mean between liquidity, risk and profitability is

a)


b)


c)


d)


Receivables planning
Taxation planning
Marketing plan
Dividend planning



LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


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


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , communication skills


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


Match The Following
Question Correct Answer Your Answer

Board of Directors Link between company & external environment Link between company & external environment

Profit centers S.B.U. s S.B.U. s

S.B.U.s are more focused on their Product line/business Product line/business

Manufacturing strategy Productivity Productivity



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


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


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



Multiple Choice Multiple Answer
Question These people are primarily responsible for operating control based on budgeting, reporting and financial analysis
Correct Answer Company secretary , Auditor , Financial controller
Your Answer Company secretary , Chartered accountant , Financial controller


True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer False


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


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


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


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


Select The Blank
Question GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer global agreement on trade & taxes


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


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.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.


Multiple Choice Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment
Your Answer Easy availability of resources


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
Your Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur


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


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


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


Multiple Choice Single Answer
Question The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer Man-power planning
Your Answer Man-power planning


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


Multiple Choice Single Answer
Question Mission
Correct Answer philosophy, public image
Your Answer target


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


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


Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
Your Answer demand & supply of money, capital markets


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


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer False


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


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


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


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


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model


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


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


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


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


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


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


Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
Your Answer mission


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


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


Select The Blank
Question ________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer Flotilla concept
Your Answer Flotilla concept


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
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure


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
Your Answer True



Strategic Management (1)


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


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


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , communication skills


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


Match The Following
Question Correct Answer Your Answer

Board of Directors Link between company & external environment Link between company & external environment

Profit centers S.B.U. s S.B.U. s

S.B.U.s are more focused on their Product line/business Product line/business

Manufacturing strategy Productivity Productivity



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


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


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



Multiple Choice Multiple Answer
Question These people are primarily responsible for operating control based on budgeting, reporting and financial analysis
Correct Answer Company secretary , Auditor , Financial controller
Your Answer Company secretary , Chartered accountant , Financial controller


True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer False


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


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


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


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


Select The Blank
Question GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer global agreement on trade & taxes


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


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.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.


Multiple Choice Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment
Your Answer Easy availability of resources


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
Your Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur


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


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


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


Multiple Choice Single Answer
Question The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer Man-power planning
Your Answer Man-power planning


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


Multiple Choice Single Answer
Question Mission
Correct Answer philosophy, public image
Your Answer target


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


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


Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
Your Answer demand & supply of money, capital markets


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


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer False


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


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


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


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


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model


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


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


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


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


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


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


Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
Your Answer mission


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


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


Select The Blank
Question ________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer Flotilla concept
Your Answer Flotilla concept


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
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure


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
Your Answer True



Strategic Management 2


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


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


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


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


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


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


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
Your Answer True


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


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


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
Your Answer mission


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer False


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


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


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


Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Your Answer Operational level systems


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


Multiple Choice Single Answer
Question The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer Funcational streategies
Your Answer Funcational streategies


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


Multiple Choice Single Answer
Question Consolidation strategy means
Correct Answer better profit strategy
Your Answer move slowly & surely


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


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model


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


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


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


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


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


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


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


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


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.
Your 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 market research is conducted by
Correct Answer by employees , by research agencies , by consultants
Your Answer by research agencies , by consultants


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


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision


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


Multiple Choice Multiple Answer
Question Harveststrategy is used for
Correct Answer Dogs , Question marks
Your Answer Question marks , Stars


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


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


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


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


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


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
Your Answer False


Match The Following
Question Correct Answer Your Answer

Comparative analysis is historical analysis historical analysis

Benchmarking is competitive analysis competitive analysis

Michael Hammer & James Chapy Reengineering Reengineering

GDP stands for gross domestic product gross domestic product



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


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
Your Answer aversion


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


Multiple Choice Single Answer
Question The discipline which deals with what is good and bad and which moral obligation is
Correct Answer Ethics
Your Answer Ethics


The benefits of a change in process are defined in terms of cost savings
Getting new users is a position defense strategy.

True

False




Strategic Management 3


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


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


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


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


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


Multiple Choice Single Answer
Question The discipline which deals with what is good and bad and which moral obligation is
Correct Answer Ethics
Your Answer Ethics


Multiple Choice Single Answer
Question It is the process of selecting people for company positions and developing skills and abilities for assignments in the company
Correct Answer Staffing
Your Answer Staffing


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


True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
Your Answer True


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


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


Multiple Choice Single Answer
Question A pictorial depiction of various outcomes of a decision is
Correct Answer decision tree
Your Answer decision tree


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


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


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
Your Answer True


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


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


Match The Following
Question Correct Answer Your Answer

Programs Combination of goals, policies, rules Combination of goals, policies, rules

Policies General statements and understanding which, guide thinking in decision-making General statements and understanding which, guide thinking in decision-making

Procedures Are plans and a guide to action Are plans and a guide to action

Rules Spell out specific action or non-action Spell out specific action or non-action



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


Multiple Choice Single Answer
Question General Electric Matrix is divided into how many cells
Correct Answer 9
Your Answer 9


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


Match The Following
Question Correct Answer Your Answer

Crisis Management leads to organisational learning First step of signal detection

Milestone review Another method of implementation control Balanced approach to evaluation

Long and short term controls Balanced approach to evaluation Actual and budgeted performance

Variance Actual and budgeted performance Chacking of performance



Multiple Choice Single Answer
Question A Large-scale community development project was funded to enable farmers to use local resources effectively by
Correct Answer Asian Paints
Your Answer BHEL


Multiple Choice Single Answer
Question They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications
Correct Answer Board of director
Your Answer Chief executive


True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer True
Your Answer False


Select The Blank
Question Factors leading to personnel capability are________.
Correct Answer IR, OB
Your Answer IR, OB


Select The Blank
Question In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer Delegation
Your Answer Delegation


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.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.


Select The Blank
Question GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer general agreement on trade & tariff


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


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


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


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


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


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
Your Answer structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


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


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


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


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
Your Answer qualitative


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


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


Multiple Choice Single Answer
Question Denominator management
Correct Answer cost reduction
Your Answer maintain discipline


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


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


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


Multiple Choice Single Answer
Question Vertical integration is concerned with
Correct Answer supply chain
Your Answer supply chain


4.



1. vertical forward integration means
1. becoming your own supplier

2. horizontal integration means
2. additional product/service for same customers

3. vertical backward integration means
3. one company buys another company.

4. strategic alliances means
4. two or more entities join hands for mutual benefit.

5. becoming supplier for another company

6. becoming your own customer



1. Gap analysis
1. Misfit with understanding of critical success factors

2. Corporate parenting
2. Fit well but low opportunities

3. Heartland business
3. Give the highest priority

4. Ballast business
4. Some fit and some misfit

5. Difference between desired and projected performance

6. Managing SBU's by a corporate



4. identifies the impact of any change on performance
31. The reasons for acquisition are

a)


b)


c)


d)


Increased market power

Increased diversification

Increased speed to market

Encourage excessive competition



34. Attack strategies are

a)


b)


c)


d)


frontal attack

flank attack

encirclement attack

Enrichment attack





Strategic Management (4)


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
Your Answer True


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


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
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing


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
Your Answer Self-awareness


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


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


Multiple Choice Multiple Answer
Question Harveststrategy is used for
Correct Answer Dogs , Question marks
Your Answer Dogs , Question marks , Stars


Multiple Choice Single Answer
Question The traditional approach towards uncertainity is
Correct Answer Binary
Your Answer Unitary


Multiple Choice Single Answer
Question The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer Funcational streategies
Your Answer Internal streategies


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


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


Multiple Choice Single Answer
Question Contractual entry modes are
Correct Answer licensing / franchising
Your Answer independent ventures to get entry in foreign market


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


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


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


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


Multiple Choice Single Answer
Question Retrenchment strategy means
Correct Answer contraction of business activities
Your Answer contraction of business activities


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
Your Answer Strategic evaluation


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



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


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


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


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


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


Multiple Choice Single Answer
Question It is used extensively in organisation and is concerned with action or performance
Correct Answer Operational control
Your Answer Operational control


Match The Following
Question Correct Answer Your Answer

Turnaround Strategies Retrenchments - either internally or externally Retrenchments by externally only

Retrenchment Strategies Contraction of activities through elimination of the scope of one or more of its business Retrenchments - either internally or externally

Divestment Strategies Involves the sale or liquidation of a portion of a business Involves the sale or liquidation of a portion of a business



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


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


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.
Your 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 Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength
Your Answer Market attractiveness , Profit margin , Competition level


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.
Your Answer ambitions in proportion to their existing resources & capabilities , what the organization strives for. , concept of optimization


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


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
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology


Multiple Choice Single Answer
Question The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer Man-power planning
Your Answer Man-power planning


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


Multiple Choice Single Answer
Question The tool used for decision making in 'A range of futures' scenario is
Correct Answer Technology forecasting
Your Answer Technology forecasting


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


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


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


True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer True
Your Answer True


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


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


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


Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose , ideas and suggestions


Select The Blank
Question GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer general agreement on trade & tariff


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



Strategic Management (5)


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


Multiple Choice Multiple Answer
Question Various phases of Growth are
Correct Answer Creativity , Delegation , Co-ordination
Your Answer Delegation , Co-ordination , Implication


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


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


Multiple Choice Single Answer
Question Export entry modes are
Correct Answer direct/indirect export
Your Answer direct/indirect export


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


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
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


Multiple Choice Single Answer
Question At this level , the effort is directed at assessing the consistency of strategy with the environment
Correct Answer Strategic evaluation
Your Answer Strategic evaluation


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


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


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


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
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , internal inadequacies


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


Select The Blank
Question Modern Accounting uses ________ as a unit of measure
Correct Answer Time
Your Answer Time


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


Match The Following
Question Correct Answer Your Answer

Phase 4 Coordination Coordination

Phase 1 Creativity Creativity

Phase 2 Direction Collaboration

Phase 3 Delegation Direction



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


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
Your Answer Strategic surveillance


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


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


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


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


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


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


Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Your Answer Strategy


Select The Blank
Question ________ relationships are effective in communicating complex information
Correct Answer Personal
Your Answer Informal


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


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
Your Answer contraction


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


Select The Blank
Question Displacing competitor is ________ category of goal.
Correct Answer common enemy
Your Answer aggressive


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


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


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
Your Answer Emergency alert contriol


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
Your Answer Supply chains


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer True


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


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
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate


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


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


Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
Your Answer demand & supply of money, capital markets


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision


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


Multiple Choice Single Answer
Question Maintain strategies means
Correct Answer no change in strategies
Your Answer move slowly & surely


Multiple Choice Single Answer
Question Consolidation strategy means
Correct Answer better profit strategy
Your Answer partial differentiation strategy


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


Match The Following
Question Correct Answer Your Answer

4 Ps are Product, Price, Place, Promotion Product, Price, Place, Process

Sources of funds Factor leading to financial capability Factor leading to financial capability

The retrieval and usage of information Factor leading to Information Management Capability Value chain analysis

The Personnel System Factor leading to Personnel Capability Factor leading to Personnel Capability



Multiple Choice Multiple Answer
Question The culture of a company is conveyed through
Correct Answer Rites , Myths , Rituals
Your Answer Rites , Rituals , Style



Strategic Management(6)


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


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


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


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


Select The Blank
Question ________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer Flotilla concept
Your Answer Flotilla concept


Match The Following
Question Correct Answer Your Answer

Crisis Management leads to organisational learning leads to organisational learning

Milestone review Another method of implementation control Another method of implementation control

Long and short term controls Balanced approach to evaluation Balanced approach to evaluation

Variance Actual and budgeted performance Actual and budgeted performance



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


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


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


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


Multiple Choice Single Answer
Question The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer Funcational streategies
Your Answer Funcational streategies


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


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


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


Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
Your Answer demand & supply of money, capital markets


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


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


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
Your Answer Decision making ability , Vision , Conceptual, human & intellectual skills


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
Your Answer True


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


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
Your Answer role model


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


Multiple Choice Single Answer
Question Investment entry mode are
Correct Answer joint venture/independent ventures/subsidiaries
Your Answer joint venture/independent ventures/subsidiaries


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
Your Answer True


True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer True


Multiple Choice Multiple Answer
Question The Hallmarks for self-regulation are
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Integrity & thoughtfulness


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


Multiple Choice Multiple Answer
Question What is Statistical Quality Control(SQC)
Correct Answer Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur , Identifies quality and productivity from a production process
Your 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 Multiple Answer
Question Factors to be considered while deciding candidates for divestiture are
Correct Answer taxes , availability of buyers , market reaction
Your Answer taxes , availability of buyers , market reaction


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.
Your 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 Different kinds of information systems are
Correct Answer Operational level system , Knowledge level system , Management level system
Your Answer Operational level system , Knowledge level system , Management level system


Match The Following
Question Correct Answer Your Answer

Decision making Managers to develop the courage to make unconventional decisions Managers to develop the courage to make unconventional decisions

Social Responsibility Managers to maintain high ethical standards Managers to maintain high ethical standards

Lateral thinking Managers to learn to deal with chaotic situations Managers to learn to deal with chaotic situations

Responsiveness Managers to provide speedy responses to environmental changes Managers to provide speedy responses to environmental changes



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


Multiple Choice Single Answer
Question It refers to the relatively more durable company arrangements and relationships
Correct Answer Structure
Your Answer Strategy


Multiple Choice Multiple Answer
Question How does 'structure' reduce internal uncertainity arising out of human behaviour
Correct Answer Control mechanism , Departmentalisation , Specialisation
Your Answer Forecasting , Departmentalisation , Specialisation


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
Your Answer Self-awareness


Multiple Choice Single Answer
Question This portfolio involves major capital investments which will result in either large pay offs or large losses
Correct Answer Big bets
Your Answer Big bets


Select The Blank
Question Modern Accounting uses ________ as a unit of measure
Correct Answer Time
Your Answer Time


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


Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model


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


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


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


Select The Blank
Question ________ relationships are effective in communicating complex information
Correct Answer Personal
Your Answer Personal


Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Your Answer Operational level systems


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
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing



Strategic Management 7


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


Multiple Choice Single Answer
Question General Electric Matrix is divided into how many cells
Correct Answer 9
Your Answer 9


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


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
Your Answer Environment Protection Act


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


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


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


Multiple Choice Single Answer
Question Export entry modes are
Correct Answer direct/indirect export
Your Answer licensing/franchising


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


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


Multiple Choice Multiple Answer
Question The culture of a company is conveyed through
Correct Answer Myths , Rituals , Rites
Your Answer Rites , Myths , Rituals


Multiple Choice Single Answer
Question At this level , the effort is directed at assessing the consistency of strategy with the environment
Correct Answer Strategic evaluation
Your Answer Premise evaluation


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
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other


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
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export


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


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


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


Multiple Choice Multiple Answer
Question These people are primarily responsible for operating control based on budgeting, reporting and financial analysis
Correct Answer Company secretary , Auditor , Financial controller
Your Answer Company secretary , Auditor , Financial controller


Select The Blank
Question Displacing competitor is ________ category of goal.
Correct Answer common enemy
Your Answer common enemy


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


Multiple Choice Single Answer
Question The traditional approach towards uncertainity is
Correct Answer Binary
Your Answer Binary


Match The Following
Question Correct Answer Your Answer

Board of Directors Link between company & external environment Link between company & external environment

Profit centers S.B.U. s S.B.U. s

S.B.U.s are more focused on their Product line/business Product line/business

Manufacturing strategy Productivity Productivity



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


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


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


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


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


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


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


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


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


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


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


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


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


True/False
Question HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours.
Correct Answer False
Your Answer False


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
Your Answer departmentation


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
Your Answer True


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
Your Answer Strategic evaluation


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
Your Answer True


Multiple Choice Single Answer
Question Consolidation strategy means
Correct Answer better profit strategy
Your Answer better profit strategy


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


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


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


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


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


Match The Following
Question Correct Answer Your Answer

Comparative analysis is historical analysis historical analysis

Benchmarking is competitive analysis competitive analysis

Michael Hammer & James Chapy Reengineering Reengineering

GDP stands for gross domestic product gross domestic product




Strategic management (8)


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


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


True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer True
Your Answer True


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


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
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


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


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


Select The Blank
Question GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer general agreement on trade & tariff


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
Your Answer Adapters


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
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping


Multiple Choice Single Answer
Question The tool used for future decision making in 'True Ambiguity' scenario is
Correct Answer Non-linear dynamic model
Your Answer Non-linear dynamic model


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


Multiple Choice Multiple Answer
Question Harveststrategy is used for
Correct Answer Dogs , Question marks
Your Answer Dogs , Stars


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


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


Match The Following
Question Correct Answer Your Answer

Marketing a product Mass segmentation Life cycle considerations

Environmental Analysis Social, Political, legal & technology Matching, converting, minimizing & avoiding strategies

Swot Analysis Matching, converting, minimizing & avoiding strategies Availability of resources

Marketing strategy Life cycle considerations Mass segmentation



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


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


Multiple Choice Single Answer
Question It indicates the degree of differentiation
Correct Answer Structure
Your Answer Style


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


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


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
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision


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


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


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


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


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


Match The Following
Question Correct Answer Your Answer

Phase 4 Coordination Coordination

Phase 1 Creativity Creativity

Phase 2 Direction Direction

Phase 3 Delegation Delegation



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


Select The Blank
Question A hardware manufacture enters into software is an example of ________ integration.
Correct Answer horizontal
Your Answer diagonal


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


Select The Blank
Question Factors leading to personnel capability are________.
Correct Answer IR, OB
Your Answer IR, OB


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


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


True/False
Question Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your Answer clarity in strategy & responsibilities , blending cultures , adopt win-lose attitude


Select The Blank
Question Factors leading to personnel capability are________.
Correct Answer IR, OB
Your Answer IR, OB


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


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


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
Your Answer CRM


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
Your Answer quality & no. of suppliers , logistics , raw material , impact of organization on each sector


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


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


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


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


True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer True


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



LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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
Your 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
Your Answer Co-ordination


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


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
Your Answer CRM


Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. 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 big headed audacious goals



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


Multiple Choice Multiple Answer
Question The control process requires the following types of information
Correct Answer Planned performance , Variances , Reasons
Your 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
Your Answer single-variable extrapolation/multivariable interaction analysis , simulation , 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
Your Answer uneconomical separate existence , sharing competence of each other , monopoly of one company


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
Your 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
Your Answer target


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


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


Multiple Choice Single Answer
Question Denominator management
Correct Answer cost reduction
Your Answer cost reduction


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


Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation
Your 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
Your Answer Vital ingredient in determinig it's future , Only factor determing it's success or failure , 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
Your 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
Your 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
Your 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
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision


Match The Following
Question Correct Answer Your Answer

Decision making Managers to develop the courage to make unconventional decisions Managers to develop the courage to make unconventional decisions

Social Responsibility Managers to maintain high ethical standards Managers to maintain high ethical standards

Lateral thinking Managers to learn to deal with chaotic situations Managers to learn to deal with chaotic situations

Responsiveness Managers to provide speedy responses to environmental changes 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
Your Answer vertical ( backward ) integration


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


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


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
Your 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
Your 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
Your Answer True


Multiple Choice Single Answer
Question Horizontal integration is concerned with
Correct Answer product lines
Your 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
Your 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
Your 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
Your Answer Emotional quotient


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


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


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


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


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







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


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


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


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


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


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


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


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


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








LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Match The Following
Question Correct Answer Your Answer

Maintain strategy stable environment stable environment

Market follower are imitator imitator

Market challenger are bypass attack bypass attack

Turnaround strategy V.R.S. 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
Your Answer challenge


Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose , ideas and suggestions


Multiple Choice Multiple Answer
Question Organizational models are
Correct Answer multinational model , international model , global organizational model
Your 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
Your Answer Market attractiveness , Business strength , Competition level


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
Your 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
Your Answer Law


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


Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer product performance 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.
Your Answer ambitions in proportion to their existing resources & capabilities , what the organization strives for. , concept of optimization


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


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


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


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







Match The Following
Question Correct Answer Your Answer

Comparative analysis is historical analysis Reengineering

Benchmarking is competitive analysis competitive analysis

Michael Hammer & James Chapy Reengineering value chain analysis

GDP stands for gross domestic product gross domestic product



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


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


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


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


Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your 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.
Your 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
Your Answer False







LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


Select The Blank
Question Displacing competitor is ________ category of goal.
Correct Answer common enemy
Your Answer common enemy


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


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


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


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


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
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing , It uses time as a unit of measure


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


Match The Following
Question Correct Answer Your Answer

strategic alliances means two or more entities join hands for mutual benefit. two or more entities join hands for mutual benefit.

vertical forward integration means becoming your own customer becoming your own customer

horizontal integration means additional product/service for same customers additional product/service for same customers

vertical backward integration means becoming your own supplier 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
Your Answer Premise control


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


Match The Following
Question Correct Answer Your Answer

Board of Directors Link between company & external environment Link between company & external environment

Profit centers S.B.U. s Profit making organizations

S.B.U.s are more focused on their Product line/business Product line/business

Manufacturing strategy Productivity Productivity



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


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


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


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


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


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


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


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


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


Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.
Your 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
Your Answer Increased market power , Increased speed to market , Encourage excessive competition


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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