LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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
Formal systems are adopted to bring ________ & amalgamation of
decentralized units into product groups.
Correct Answer Co-ordination
Your Answer
Co-ordination
Multiple Choice Single Answer
Question
Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
Your Answer
competitors
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
Your Answer
CRM
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
According to Michael Porter, the core of efficiency management is
strategy.
Correct Answer True
Your Answer
False
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 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 , simulation
, Dynamic modes and mapping
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
Your Answer
uneconomical separate existence , sharing competence of each other ,
monopoly of one company
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
Mission
Correct Answer philosophy, public image
Your Answer
target
Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer
Top Management
True/False
Question
Changes in company structure also necessitates changes in the systems
in various degrees
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question
Denominator management
Correct Answer cost reduction
Your Answer
cost reduction
Multiple Choice Single Answer
Question
Strategic management is concerned with
Correct Answer long- range planning
Your Answer
controlling
Select The Blank
Question
________ is the drive to achieve beyond one's expectations
Correct Answer Motivation
Your Answer
Motivation
Multiple Choice Multiple Answer
Question
A Company's strategy
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer
Vital ingredient in determinig it's future , Only factor determing it's
success or failure , may result in disaster if inappropriate
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
Your Answer
role model
Multiple Choice Multiple Answer
Question
Factors determining HRP (Human Resource Planning )
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer
Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
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
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
Match The Following
Question
Correct Answer
Your Answer
Decision making
Managers to develop the
courage to make
unconventional decisions
Managers to develop the
courage to make
unconventional decisions
Social Responsibility
Managers to maintain high
ethical standards
Managers to maintain high
ethical standards
Lateral thinking
Managers to learn to deal
with chaotic situations
Managers to learn to deal with
chaotic situations
Responsiveness
Managers to provide speedy Managers to provide speedy
responses to environmental responses to environmental
changes
changes
Select The Blank
Question
Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer
vertical ( backward ) integration
True/False
Question
Numerator may bring short-term results, but there may be serious longterm sacrifices.
Correct Answer False
Your Answer
True
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer
False
Multiple Choice Single Answer
Question
Degree to which the decision maker is accountable for the outcomes of
the decision is
Correct Answer accountability
Your Answer
ambiguity
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
Your Answer
Emergency alert contriol
Multiple Choice Single Answer
Question
These are critical situations that occur unexpectedly and threaten the
course of a firm's strategy
Correct Answer Crisis
Your Answer
Crisis
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
Multiple Choice Single Answer
Question
Horizontal integration is concerned with
Correct Answer product lines
Your Answer
product lines
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
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 a deep understanding of ones emotions, strengths,
weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Your Answer
Emotional quotient
True/False
Question
Three C's affecting today's companies are customer, competition &
change
Correct Answer True
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
True/False
Question
Scheduling is a part of strategic management.
Correct Answer False
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 , Departmentalisation
True/False
Question
Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question
In SWOT , S stands for
Correct Answer favorable condition in the organization's environment.
Your Answer
Strategy
Select The Blank
Question
Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Your Answer
mission
Multiple Choice Multiple Answer
Question
Measures to take corrective action
Correct Answer Checking performance , Reformulate strategies , Standard check
Your Answer
Checking performance , Formulate plans , Reformulate strategies
True/False
Question
All policies are 'statements'
Correct Answer False
Your Answer
False
Multiple Choice Multiple Answer
Question
An unhealthy portfolio has
Correct Answer More dogs , Few stars
Your Answer
More dogs
Multiple Choice Multiple Answer
Question
market research is conducted by
Correct Answer by employees , by research agencies , by consultants
Your Answer
by research agencies , by rivals , by consultants
True/False
Question
Staffing function applies to all company levels irrespective of levels of
hierarchy
Correct Answer True
Your Answer
True
Select The Blank
Question
________ should have the ability to develop a visionto see patterns into
the future.
Correct Answer Leaders
Your Answer
Leaders
Multiple Choice Single Answer
Question
Strategic management deals with
Correct Answer Business process
Your Answer
Business process
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question
A hardware manufacture enters into software is an example of
________integration.
Correct Answer vertical ( forward )
Your Answer
horizontal
Select The Blank
Question
________ and greater accountability replace formal control.
Correct Answer Self-discipline
Your Answer
Self-discipline
Multiple Choice Multiple Answer
Question
Merger takes place
Correct Answer between a buyer and a seller , to avail tax concessions , to increase
growth rates
Your Answer
between a buyer and a seller , to avail tax concessions , to increase
growth rates
True/False
Question
The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer
False
Multiple Choice Single Answer
Question
Concentric diversification means
Correct Answer new activity related to existing business
Your Answer
new activity related to existing business
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
Core purpose
Correct Answer mission
Your Answer
mission
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
Empower people through great software anytime , any place, on any
device'- Microsoft
Correct Answer vision
Your Answer
vision
True/False
Question
HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
Your 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
Your Answer
True
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 , research specialist
True/False
Question
Focused company is generally protected from competition.
Correct Answer True
Your Answer
False
Multiple Choice Single Answer
Question
These are moves that will pay off irrespective of what happens in the
future
Correct Answer No-regret moves
Your Answer
No-regret moves
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer
product performance analysis
True/False
Question
Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer
True
Multiple Choice Multiple Answer
Question
Program is a combination of
Correct Answer goals , policies , procedures
Your Answer
policies , procedures , corporate strategy
Select The Blank
Question
Economics of scale requires ________.
Correct Answer high market share
Your Answer
high market share
Multiple Choice Single Answer
Question
Contractual entry modes are
Correct Answer licensing / franchising
Your Answer
licensing / franchising
Multiple Choice Single Answer
Question
It enables the strategists to take corrective action at the right time
Correct Answer Premise control
Your Answer
Strategic surveillance
True/False
Question
Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer
False
Match The Following
Question
Correct Answer
Your Answer
Maintain strategy
stable environment
stable environment
Market follower are
imitator
imitator
Market challenger are
bypass attack
bypass attack
Turnaround strategy
V.R.S.
V.R.S.
Select The Blank
Question
Tata motors goal of reaching middle class two wheeler owners is a
________ category of goal.
Correct Answer internal transformation
Your Answer
challenge
Multiple Choice Multiple Answer
Question
Core ideology
Correct Answer core values , core purpose
Your Answer
core values , core purpose , ideas and suggestions
Multiple Choice Multiple Answer
Question
Organizational models are
Correct Answer multinational model , international model , global organizational model
Your Answer
multinational model , international model , global organizational model
Multiple Choice Multiple Answer
Question
Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength
Your Answer
Market attractiveness , Business strength , Competition level
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
Responsibility towards society & community includes - Avoiding bad,
smoky chimneys, & pollution of any kind and abiding by the
Correct Answer Environment Protection Act
Your Answer
Law
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
________cost accounting measures the cost of producing and ignores
the cost of non-producing
Correct Answer Traditional
Your Answer
Traditional
Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer
product performance analysis
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.
Your Answer
ambitions in proportion to their existing resources & capabilities , what the
organization strives for. , concept of optimization
Multiple Choice Single Answer
Question
Corporate strategy ensures
Correct Answer fit between the firm and its environment
Your Answer
fit between the firm and its environment
Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer
Top Management
Select The Blank
Question
Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy
Your Answer
Strategy
True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Comparative analysis is
historical analysis
Reengineering
Benchmarking is
competitive analysis
competitive analysis
Michael Hammer & James
Chapy
Reengineering
value chain analysis
GDP stands for
gross domestic product
gross domestic product
True/False
Question
Budgets are plans expressed in numerical terms usually in financial terms
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
An approach that strives to follow ethical principles and percepts is
Correct Answer Moral management
Your Answer
Moral management
Multiple Choice Multiple Answer
Question
The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Your Answer
Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Multiple Choice Single Answer
Question
The decisions which are applied to structured or routine problems are
Correct Answer programmed decisions
Your Answer
True/False
programmed decisions
Question
Micro environment is the internal environment of a company.
Correct Answer False
Your Answer
True
Select The Blank
Question
________ models can be described as a system that describe how
pieces of business fit together.
Correct Answer Business
Your Answer
Modular
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 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.
True/False
Question
Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
Your Answer
False
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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
Displacing competitor is ________ category of goal.
Correct Answer common enemy
Your Answer
common enemy
Multiple Choice Single Answer
Question
T in SWOT, refers to
Correct Answer unfavorable conditions in external environment.
Your Answer
Time factor
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
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
Your Answer
significance
Select The Blank
Question
________ is the company's most critical and scarest resource.
Correct Answer Capital
Your Answer
Capital
Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer inherent inadequacy of organization
Your Answer
weakness of competitors
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
Your Answer
Assumes factory as an isolated entity , It measures only the cost of
producing , It uses time as a unit of measure
True/False
Question
Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer
True
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 additional product/service for
same customers
same customers
vertical backward integration becoming your own supplier becoming your own supplier
means
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
Your Answer
Premise control
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
availability of buyers , market reaction , willingness of employees
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
Profit making organizations
S.B.U.s are more focused on Product line/business
their
Product line/business
Manufacturing strategy
Productivity
Productivity
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
The aim in stability strategies isCorrect Answer move slowly & surely
Your Answer
move slowly & surely
Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer inherent inadequacy of organization
Your Answer
weakness of competitors
Multiple Choice Single Answer
Question
Mass media includes
Correct Answer radio, TV, internet etc.
Your Answer
radio, TV, internet etc.
Multiple Choice Single Answer
Question
This strategic posture plays a leadership role in establishing how the
industry operates
Correct Answer Shapers
Your Answer
Shapers
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 , Knowledge
Multiple Choice Single Answer
Question
Secondary sources of information are
Correct Answer newspapers, magazines, journals etc.
Your Answer
newspapers, magazines, journals etc.
Multiple Choice Single Answer
Question
It concentrates on organisation design and work flow
Correct Answer Flotilla
Your Answer
Flotilla
Select The Blank
Question
Companies employ trained ________ to develop "competency models" to
identify potential leaders
Correct Answer Psychologists
Your Answer
Psychologists
True/False
Question
Macro environment has got immediate impact on business.
Correct Answer False
Your Answer
False
Multiple Choice Single Answer
Question
Mass media includes
Correct Answer radio, TV, internet etc.
Your Answer
radio, TV, internet etc.
Multiple Choice Multiple Answer
Question
The reasons for acquisition are
Correct Answer Increased market power , Increased diversification , Increased speed to
market
Your Answer
Increased market power , Increased speed to market , Encourage
excessive competition
Multiple Choice Multiple Answer
Question
Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack
Your Answer
frontal attack , flank attack , encirclement attack
Select The Blank
Question
________ is seen as an integral process that converts materials into
goods
Correct Answer Systems
Your Answer
Modern Accounting
True/False
Question
The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
Your Answer
False
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
Your Answer
counteroffensive
True/False
Question
Labour satisfaction may result in unethical behaviour as anger.
Correct Answer False
Your Answer
False
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
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
Board of directors
Select The Blank
Question
Control should involve________ amount of information.
Correct Answer Minimum
Your Answer
Maximum
True/False
Question
Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer
True
Multiple Choice Multiple Answer
Question
Critical resources in the emerging information age are
Correct Answer Information , Expertise , Intelligence
Your Answer
Capital , Information , Expertise
True/False
Question
Scheduling is a part of strategic management.
Correct Answer False
Your Answer
True
True/False
Question
Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer
True
True/False
Question
Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Your Answer
False
True/False
Question
Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer
True
Select The Blank
Question
Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy
Your Answer
expansion strategy
Multiple Choice Single Answer
Question
In SWOT , S stands for
Correct Answer favorable condition in the organization's environment.
Your Answer
potentials and competencies of organization.
True/False
Question
Macro environment has got immediate impact on business.
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
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
True/False
Question
Micro environment is the internal environment of a company.
Correct Answer False
Your Answer
False
Multiple Choice Multiple Answer
Question
These following factors determine the desire of risk
Correct Answer Strategies , Resources
Your Answer
Strategies , Competence , Time
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