Strategic Management - A1

Strategic Management

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