LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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
True/False
Question
Scheduling is a part of strategic management.
Correct Answer False
Your Answer
False
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 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 , Money
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
Multiple Choice Single Answer
Question
Strategic management deals with
Correct Answer Business process
Your Answer
Business process
Select The Blank
Question
________ should have the ability to develop a visionto see patterns into
the future.
Correct Answer Leaders
Your Answer
Leaders
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer
internal analysis
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
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
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
Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer
vertical ( backward ) integration
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
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
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 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
These people are primarily responsible for operating control based on
budgeting, reporting and financial analysis
Correct Answer Company secretary , Auditor , Financial controller
Your Answer
Auditor , Financial controller , Company secretary
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
Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy
Your Answer
concentration strategy
True/False
Question
All policies are 'statements'
Correct Answer False
Your Answer
False
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
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
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
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer
False
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
Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Your Answer
core competence
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
The culture of a company is conveyed through
Correct Answer Rites , Myths , Rituals
Your Answer
Rites , Myths , Rituals
Multiple Choice Single Answer
Question
Contractual entry modes are
Correct Answer licensing / franchising
Your Answer
licensing / franchising
Multiple Choice Multiple Answer
Question
These following factors determine the desire of risk
Correct Answer Strategies , Resources
Your Answer
Strategies , Resources
True/False
Question
Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your 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
Your Answer
single-variable extrapolation/multivariable interaction analysis ,
structured/ unstructured expert/inexpert opinion , Dynamic modes and
mapping
Multiple Choice Single Answer
Question
Mass media includes
Correct Answer radio, TV, internet etc.
Your Answer
radio, TV, internet etc.
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
Select The Blank
Question
________ is the company's most critical and scarest resource.
Correct Answer Capital
Your Answer
Capital
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 mainly the responsibility of
Correct Answer Top Management
Your Answer
Top Management
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer
True/False
internal analysis
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
Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer
False
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 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 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
Your Answer
Receivables planning
Select The Blank
Question
GATT stands for ________.
Correct Answer general agreement on trade & tariff
Your Answer
general agreement on trade & tariff
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
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
Your Answer
operational decisions
Match The Following
Question
Correct Answer
Your Answer
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
Turnaround Strategies
Retrenchments - either
internally or externally
Retrenchments - either
internally or externally