Strategic Management - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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
Control should involve________ amount of information.
Correct Answer
Minimum
Your Answer
Maximum

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

Match The Following
Question
Correct Answer
Your Answer
Maintain strategy
stable environment
diversification
Market follower are
imitator
bypass attack
Market challenger are
bypass attack
imitator
Turnaround strategy
V.R.S.
differentiation

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

Match The Following
Question
Correct Answer
Your Answer
Marketing a product
Mass segmentation
Availability of resources
Environmental Analysis
Social, Political, legal & technology
Life cycle considerations
Swot Analysis
Matching, converting, minimizing & avoiding strategies
Product formulated
Marketing strategy
Life cycle considerations
Mass segmentation

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

Multiple Choice Single Answer
Question
Core purpose
Correct Answer
mission
Your Answer
strategy

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

True/False
Question
Three C's affecting today's companies are customer, competition & change
Correct Answer
True
Your Answer
True

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 Single Answer
Question
Retrenchment strategy means
Correct Answer
contraction of business activities
Your Answer
contraction of business activities

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 , Division of labour

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

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

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

True/False
Question
Excelling in one market guarantees success in a new.
Correct Answer
False
Your Answer
False

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 Single Answer
Question
This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers
Correct Answer
Adapters
Your Answer
Options

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

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

True/False
Question
Micro environment is the internal environment of a company.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments
Correct Answer
Reserve the right to play
Your Answer
Reserve the right to play

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

Multiple Choice Multiple Answer
Question
Critical resources in the emerging information age are
Correct Answer
Intelligence , Information , Expertise
Your Answer
Information , Expertise , Intelligence

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

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

True/False
Question
The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer
False
Your Answer
False

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

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
Export entry modes are
Correct Answer
direct/indirect export
Your Answer
direct/indirect export

Multiple Choice Single Answer
Question
It provides a way to bring in the people dimension in macro company analysis without using psychological models of human behaviour
Correct Answer
Culture
Your Answer
Class

Multiple Choice Multiple Answer
Question
The culture of a company is conveyed through
Correct Answer
Rites , Myths , Rituals
Your Answer
Myths

True/False
Question
Environmental competitiveness tends to encourage ethical behaviour.
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 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 , Integrity

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

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

True/False
Question
Systems are formal and informal rules and regulations that complements the company structure
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
They have time based utility
Correct Answer
Goals , Resources
Your Answer
Goals , Resources

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

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

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

Select The Blank
Question
________ is seen as an integral process that converts materials into goods
Correct Answer
Systems
Your Answer
Statistical quality control

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
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer
Delegation
Your Answer
Direction

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