Strategic Management - 4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer
Question
It is the process of selecting people for company positions and developing skills and abilities for assignments in the company
Correct Answer
Staffing
Your Answer
Staffing

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
legal system, implementation, infrastructure , import-export , govt. policies, stability, philosophy of govt.

True/False
Question
Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer
True
Your Answer
True

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

True/False
Question
Budgets are plans expressed in numerical terms usually in financial terms
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
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

True/False
Question
Divestiture is opposed to diversification.
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 Single Answer
Question
Secondary sources of information are
Correct Answer
newspapers, magazines, journals etc.
Your Answer
newspapers, magazines, journals etc.

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

Select The Blank
Question
Delay in ________ measurement defeats the purpose of evaluation.
Correct Answer
Time
Your Answer
Time

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

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

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

Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer
internal analysis
Your Answer
internal analysis

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
internal transformation

Multiple Choice Single Answer
Question
It is used extensively in organisation and is concerned with action or performance
Correct Answer
Operational control
Your Answer
Operational control

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

Select The Blank
Question
________ relationships are effective in communicating complex information
Correct Answer
Personal
Your Answer
Personal

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

Select The Blank
Question
Value chain analysis is an effective tool for ________.
Correct Answer
internal analysis
Your Answer
internal analysis

True/False
Question
Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer
inherent inadequacy of organization
Your Answer
inherent inadequacy of organization

Match The Following
Question
Correct Answer
Your Answer
Comparative analysis is
historical analysis
historical analysis
Benchmarking is
competitive analysis
competitive analysis
Michael Hammer & James Chapy
Reengineering
Reengineering
GDP stands for
gross domestic product
gross domestic product

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

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

True/False
Question
Adapter duplicate the leader and claim to be similar or even the same.
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

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

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

True/False
Question
Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer
True
Your Answer
True

True/False
Question
The actual performance matches the budgeted performance. This is a realistic situation.
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 Single Answer
Question
Strategic management is mainly the responsibility of
Correct Answer
Top Management
Your Answer
Top Management

Multiple Choice Multiple Answer
Question
Various phases of Growth are
Correct Answer
Creativity , Delegation , Co-ordination
Your Answer
Creativity , Delegation , Co-ordination

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

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
Core ideology
Correct Answer
core values , core purpose
Your Answer
core values , core purpose

Select The Blank
Question
Displacing competitor is ________ category of goal.
Correct Answer
common enemy
Your Answer
common enemy

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
Financial environment is concerned with
Correct Answer
demand & supply of money, capital markets
Your Answer
demand & supply of money, capital markets

Multiple Choice Single Answer
Question
W in SWOT stands for
Correct Answer
inherent inadequacy of organization
Your Answer
inherent inadequacy of organization

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

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 Single Answer
Question
CAP related to internal appraisal of firm stands for
Correct Answer
competitive advantage profile
Your Answer
competitive advantage profile