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Strategic Management - A3

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



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