Strategic Management - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
Macro environment has got immediate impact on business.
Correct Answer
False
Your Answer
False

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

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

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 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

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

Select The Blank
Question
GATT stands for ________.
Correct Answer
general agreement on trade & tariff
Your Answer
general agreement on trade & tariff

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 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
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
Strategic management is mainly the responsibility of
Correct Answer
Top Management
Your Answer
Top Management

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
obsession with an organization , what the organization strives for.

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

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 Single Answer
Question
Strategic management is concerned with
Correct Answer
long- range planning
Your Answer
long- range planning

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
analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. , dividing environment into sectors , sub factors

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.

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 Single Answer
Question
Strategic management deals with
Correct Answer
Business process
Your Answer
Business process

Multiple Choice Multiple Answer
Question
How does 'structure' reduce internal uncertainity arising out of human behaviour
Correct Answer
Control mechanism , Departmentalisation
Your Answer
Control mechanism , Departmentalisation , Specialisation

True/False
Question
Arranging training program on productivity is a strategic decision.
Correct Answer
False
Your Answer
True

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
Your Answer
Operational level systems

Multiple Choice Single Answer
Question
Corporate strategy ensures
Correct Answer
fit between the firm and its environment
Your Answer
Easy availability of resources