Strategic Management - 3

Multiple Choice Single Answer
Question
It enables the strategists to take corrective action at the right time
Correct Answer
Premise control

True/False
Question
HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours.
Correct Answer
False

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

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.

Multiple Choice Single Answer
Question
Contractual entry modes are
Correct Answer
licensing / franchising

Match The Following
Question
Correct Answer
Market follower are
Imitator
Horizontal integration means
Additional product/service for same customers
Vertical forward integration means
Becoming your own customer
Position defense means
Fortification around one's territory

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

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 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 Multiple Answer
Question
Measures to take corrective action
Correct Answer
Checking performance , Reformulate strategies , Standard check

Match The Following
Question
Correct Answer
Your Answer
strategic alliances means
two or more entities join hands for mutual benefit.
vertical forward integration means
becoming your own customer
horizontal integration means
additional product/service for same customers
vertical backward integration means
becoming your own supplier

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

Multiple Choice Multiple Answer
Question
The various models of social responsibility are
Correct Answer
Austere Model , Vendors Model , Civic Model

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
What is Statistical Quality Control(SQC)
Correct Answer
Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur , Identifies quality and productivity from a production process

True/False
Question
The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer
True

Multiple Choice Multiple Answer
Question
The Hallmarks for self-regulation are
Correct Answer
Trust & fairness , Changed Management , Integrity & thoughtfulness

Multiple Choice Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer
Top Management

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

True/False
Question
The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer
False

Multiple Choice Multiple Answer
Question
Merger takes place
Correct Answer
between a buyer and a seller , to avail tax concessions , to increase growth rates

Multiple Choice Single Answer
Question
The discipline which deals with what is good and bad and which moral obligation is
Correct Answer
Ethics

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

True/False
Question
Scheduling is a part of strategic management.
Correct Answer
False

True/False
Question
Under functional strategics we have vertical fit & horizontal fit.
Correct Answer
True

Multiple Choice Multiple Answer
Question
Program is a combination of
Correct Answer
goals , policies , procedures

Multiple Choice Single Answer
Question
T in SWOT, refers to
Correct Answer
unfavorable conditions in external environment.

True/False
Question
Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer
False

True/False
Question
Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer
True

Multiple Choice Single Answer
Question
In SWOT , S stands for
Correct Answer
favorable condition in the organization's environment.

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
Strategic management deals with
Correct Answer
Business process

Select The Blank
Question
________cost accounting measures the cost of producing and ignores the cost of non-producing
Correct Answer
Traditional

True/False
Question
Getting new users is a position defense strategy.
Correct Answer
False

Select The Blank
Question
Companies employ trained ________ to develop "competency models" to identify potential leaders
Correct Answer
Psychologists

Multiple Choice Single Answer
Question
Associated external agencies means
Correct Answer
channel members, customers, suppliers etc.

Select The Blank
Question
Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer
core competence

Select The Blank
Question
Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer
vertical ( forward )

Multiple Choice Single Answer
Question
Financial environment is concerned with
Correct Answer
demand & supply of money, capital markets

Select The Blank
Question
A hardware manufacture enters into software is an example of ________ integration.
Correct Answer
horizontal

Select The Blank
Question
________ should have the ability to develop a visionto see patterns into the future.
Correct Answer
Leaders

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

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

Multiple Choice Multiple Answer
Question
Performance is affected by
Correct Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles

Select The Blank
Question
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer
Delegation

Select The Blank
Question
________ is the drive to achieve beyond one's expectations
Correct Answer
Motivation

Multiple Choice Multiple Answer
Question
Money is invested by way of
Correct Answer
Debt , Equity