Strategic Management - 9

Interview Questions at http://mindgrillq.blogspot.com
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

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

Multiple Choice Single Answer
Question
Mass media includes
Correct Answer
radio, TV, internet etc.
Your Answer
customer & dealers

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 , Integrates manufacturing with business strategy

Select The Blank
Question
ETOP stands for ________.
Correct Answer
environmental threat & opportunity profile
Your Answer
environmental threat & opportunity profile

Select The Blank
Question
ETOP stands for ________.
Correct Answer
environmental threat & opportunity profile
Your Answer
environmental threat & opportunity profile

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 , Outer Circle , Middle Circle

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

Multiple Choice Single Answer
Question
They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications
Correct Answer
Board of director
Your Answer
External auditor

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
True

Multiple Choice Single Answer
Question
The decisions which are applied to structured or routine problems are
Correct Answer
programmed decisions
Your Answer
programmed decisions

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

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 , import-export

Multiple Choice Single Answer
Question
Denominator management
Correct Answer
cost reduction
Your Answer
cost reduction

True/False
Question
Counterfeiter copy but with a difference that can be seen.
Correct Answer
False
Your Answer
True

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

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

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

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

Select The Blank
Question
________ and greater accountability replace formal control.
Correct Answer
Self-discipline
Your Answer
Co-operation

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

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 , communication skills

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

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
Adapters

Multiple Choice Multiple Answer
Question
Attack strategies are
Correct Answer
frontal attack , flank attack , encirclement attack
Your Answer
frontal attack , flank attack , Enrichment attack

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 increase growth rates , to end rivalry between the two

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

Select The Blank
Question
________ identifies the impact of any change on performance
Correct Answer
Statistical quality control
Your Answer
Statistical quality control

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

Match The Following
Question
Correct Answer
Your Answer
Ballast business
Fit well but low opportunities
Fit well but low opportunities
Gap analysis
Difference between desired and projected performance
Difference between desired and projected performance
Corporate parenting
Managing SBU's by a corporate
Managing SBU's by a corporate
Heartland business
Give the highest priority
Give the highest priority

True/False
Question
Standards of performance act as the benchmark against which the actual performance is compared.
Correct Answer
True
Your Answer
True

True/False
Question
Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer
True
Your Answer
False

Select The Blank
Question
Modern Accounting uses ________ as a unit of measure
Correct Answer
Time
Your Answer
Possession

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

True/False
Question
Divestiture is opposed to diversification.
Correct Answer
False
Your Answer
True

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

Multiple Choice Single Answer
Question
It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments
Correct Answer
departmentation
Your Answer
policy framing

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 , willingness of employees

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 Multiple Answer
Question
An unhealthy portfolio has
Correct Answer
More dogs , Few stars
Your Answer
More dogs , Few stars

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. , concept of optimization

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
________ should have the ability to develop a visionto see patterns into the future.
Correct Answer
Leaders
Your Answer
Inspectors

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 Multiple Answer
Question
The control process requires the following types of information
Correct Answer
Planned performance , Variances , Reasons
Your Answer
Planned performance , Variances , Motivation

Select The Blank
Question
Strategic evaluation determines the effectiveness of ________
Correct Answer
Strategy
Your Answer
Strategy

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