Strategic Management - 14
Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
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 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
Select The Blank
Question Factors leading to personnel capability are________.
Correct Answer IR, OB
Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
Multiple Choice Multiple Answer
Question Criteria for making an evaluation are
Correct Answer Consistency with goals , Consistency with environment , Money
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct Answer False
True/False
Question Style of a company are the patterns of actions taken by members of top management over a period of time
Correct Answer True
Multiple Choice Multiple Answer
Question Critical resources in the emerging information age are
Correct Answer Information , Expertise , Intelligence
Multiple Choice Single Answer
Question T in SWOT, refers to
Correct Answer unfavorable conditions in external environment.
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
True/False
Question Systems are formal and informal rules and regulations that complements the company structure
Correct Answer True
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Multiple Choice Multiple Answer
Question Harveststrategy is used for
Correct Answer Dogs , Question marks
Multiple Choice Single Answer
Question They are ultimately responsible for all the administrative aspects of strategic evaluation and control
Correct Answer Chief executive
Multiple Choice Multiple Answer
Question The preparation of ETOP involves
Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Multiple Choice Multiple Answer
Question Money is invested by way of
Correct Answer Debt , Equity
Multiple Choice Single Answer
Question Denominator management
Correct Answer cost reduction
Multiple Choice Multiple Answer
Question The reasons for acquisition are
Correct Answer Increased speed to market , Increased market power , Increased diversification
Multiple Choice Single Answer
Question The decisions which are applied to structured or routine problems are
Correct Answer programmed decisions
True/False
Question HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours.
Correct Answer False
Multiple Choice Multiple Answer
Question
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
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
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Select The Blank
Question ________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer Flotilla concept
Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Multiple Choice Multiple Answer
Question The Hallmarks for self-regulation are
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Match The Following
Question- Correct Answer
Premise control -Identifies key assumptions
Emergency alert control evaluation -Type of strategic control
Strategic evaluation- Effectiveness of strategy
Rely on short term assessment- Barrier in evaluation
Select The Blank
Question Delay in ________ measurement defeats the purpose of evaluation.
Correct Answer Time
Multiple Choice Single Answer
Question Strategic management deals with
Correct Answer Business process
Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Select The Blank
Question ________ is the company's most critical and scarest resource.
Correct Answer Capital
Multiple Choice Single Answer
Question Strategic management is concerned with
Correct Answer long- range planning
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Multiple Choice Single Answer
Question The traditional approach towards uncertainity is
Correct Answer Binary
Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Match The Following
Question -Correct Answer
Maintain strategy -stable environment
Market follower are- imitator
Market challenger are- bypass attack
Turnaround strategy- V.R.S.
True/False
Question All policies are 'statements'
Correct Answer False
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 Single Answer
Question At this strategic level, the effort is directed at assessing how well the organisation is pursuing a given strategy
Correct Answer Operational evaluation
Multiple Choice Single Answer
Question Strategic management deals with
Correct Answer Business process
Select The Blank
Question ________cost accounting measures the cost of producing and ignores the cost of non-producing
Correct Answer Traditional
Strategic Management - 13
Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer provide for an exit strategy , clarity in strategy & responsibilities , blending cultures
Multiple Choice Single Answer
Question A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is
Correct Answer CRM
Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures
Select The Blank
Question Module of Flotilla strikes an optimum balance of ________ and flexibility
Correct Answer Standardisation
Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
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
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance
Correct Answer True
Multiple Choice Multiple Answer
Question Various phases of Growth are
Correct Answer Creativity , Delegation , Co-ordination
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Select The Blank
Question Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy
Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Select The Blank
Question Brush your teeth twice a day is an example of expanding the total market by________.
Correct Answer more usage
Multiple Choice Single Answer
Question They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications
Correct Answer Board of director
Multiple Choice Single Answer
Question Mission
Correct Answer philosophy, public image
Multiple Choice Multiple Answer
Question The preparation of ETOP involves
Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True
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 The reasons for acquisition are
Correct Answer Increased market power , Increased diversification , Increased speed to market
Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Match The Following
Question -Correct Answer
Maintain strategy -stable environment
Market follower are -imitator
Market challenger are -bypass attack
Turnaround strategy -V.R.S.
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Multiple Choice Multiple Answer
Question Macro environment
Correct Answer Political- legal , socio-cultural , economic-demographic
Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
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
Select The Blank
Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share
Select The Blank
Question Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups.
Correct Answer Co-ordination
Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )
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
Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
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
True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer True
Multiple Choice Single Answer
Question W in SWOT stands for
Correct Answer inherent inadequacy of organization
Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation
Multiple Choice Multiple Answer
Question The preparation of ETOP involves
Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other
Match The Following
Question- Correct Answer
Fit -SWOT analysis
Vision- what a company wishes to become or aspires to be.
mission- what the company is and why it exists.
BHAG -big headed audacious goals
Multiple Choice Multiple Answer
Question The control process requires the following types of information
Correct Answer Planned performance , Variances , Reasons
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.
Multiple Choice Single Answer
Question A major part of strategy implementation is
Correct Answer resource allocation
True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
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
Strategic Management - 12
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Multiple Choice Multiple Answer
Question Different kinds of information systems are
Correct Answer Operational level system , Knowledge level system , Management level system
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
Match The Following
Question- Correct Answer
Premise control -Identifies key assumptions
Emergency alert control evaluation -Type of strategic control
Strategic evaluation -Effectiveness of strategy
Rely on short term assessment- Barrier in evaluation
Multiple Choice Single Answer
Question In SWOT , S stands for
Correct Answer favorable condition in the organization's environment.
Multiple Choice Multiple Answer
Question Organizational models are
Correct Answer multinational model , international model , global organizational model
Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Multiple Choice Single Answer
Question The decisions which are applied to structured or routine problems are
Correct Answer programmed decisions
Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates
Multiple Choice Single Answer
Question It refers to the relatively more durable company arrangements and relationships
Correct Answer Structure
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Multiple Choice Single Answer
Question Strategic management is concerned with
Correct Answer long- range planning
Select The Blank
Question Companies employ trained ________ to develop "competency models" to identify potential leaders
Correct Answer Psychologists
Multiple Choice Single Answer
Question Strategic management deals with
Correct Answer Business process
Multiple Choice Single Answer
Question The objective to maximize value of the enterprize by striking a mean between liquidity, risk and profitability is
Correct Answer Receivables planning
Multiple Choice Single Answer
Question CAP related to internal appraisal of firm stands for
Correct Answer competitive advantage profile
Multiple Choice Multiple Answer
Question Three important managerial qualities required for the effective strategic management
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )
Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer internal transformation
Multiple Choice Multiple Answer
Question Factors to be considered in political- legal environmental scanning are
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
Multiple Choice Multiple Answer
Question Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
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
Select The Blank
Question The ________ are distinct little business set up as units in a larger company
Correct Answer Strategic business Units
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
Multiple Choice Single Answer
Question Expansion strategy means
Correct Answer growth
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct 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
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 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 Displacing competitor is ________ category of goal.
Correct Answer common enemy
Multiple Choice Single Answer
Question Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision
Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Select The Blank
Question Delay in ________ measurement defeats the purpose of evaluation.
Correct Answer Time
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Multiple Choice Single Answer
Question A pictorial depiction of various outcomes of a decision is
Correct Answer decision tree
Match The Following
Question -Correct Answer
Crisis Management- leads to organisational learning
Milestone review- Another method of implementation control
Long and short term controls -Balanced approach to evaluation
Variance- Actual and budgeted performance
Multiple Choice Single Answer
Question Responsibility towards society & community includes - Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the
Correct Answer Environment Protection Act
Multiple Choice Single Answer
Question The process of forecasting an organization's future demands for and supply of right type of people in right number is
Correct Answer Man-power planning
Multiple Choice Multiple Answer
Question Three important managerial qualities required for the effective strategic management
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
True/False
Question Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer True
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct 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
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