Strategic Management - 16

STRATEGIC MGMT

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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

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


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

True/False
Question All policies are 'statements'
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

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

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 ________ identifies the impact of any change on performance
Correct Answer Statistical quality control
Your Answer Statistical quality control

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

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 The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer True
Your Answer True

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 ETOP stands for ________.
Correct Answer environmental threat & opportunity profile
Your Answer environmental threat & opportunity profile

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

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

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

Multiple Choice Multiple Answer
Question Money is invested by way of
Correct Answer Debt , Equity
Your Answer Debt , Equity

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

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 Single Answer
Question Mission
Correct Answer philosophy, public image
Your Answer philosophy, public image

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

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

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

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 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

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 Retrenchment strategy means
Correct Answer contraction of business activities
Your Answer contraction of business activities

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

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

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

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

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

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

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 seen as an integral process that converts materials into goods
Correct Answer Systems
Your Answer Systems

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

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