STRATEGIC MANAGEMENT - 2

                     STRATEGIC MANAGEMENT

    LIST OF ATTEMPTED QUESTIONS AND ANSWERS   

    

 Multiple Choice Single Answer

  Question   W in SWOT stands for

  Correct Answer   inherent inadequacy of organization

  Your Answer   weakness of competitors

  

 Select The Blank

  Question   Bajaj started manufacturing of sunny is an example of ________.

  Correct Answer   concentration strategy

  Your Answer   concentration strategy

  

 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

  

 Select The Blank

  Question   Like roots of a tree, ________of organization is hidden from direct view.

  Correct Answer   core competence

  Your Answer   mission

  

 Select The Blank

  Question   Control should involve________ amount of information.

  Correct Answer   Minimum

  Your Answer   Maximum

  

 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   Strategic management is mainly the responsibility of

  Correct Answer   Top Management

  Your Answer   Top Management

  

 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 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   The culture of a company is conveyed through

  Correct Answer   Rituals , Rites , Myths 

  Your Answer   Rites , Myths , Rituals 

  

 Select The Blank

  Question   ________ is the drive to achieve beyond one's expectations

  Correct Answer   Motivation

  Your Answer   Motivation

  

 Select The Blank

  Question   Make or buy decision is related with ________strategy.

  Correct Answer   vertical ( backward ) integration

  Your Answer   vertical ( backward ) integration

  

 Select The Blank

  Question   Cadbury's add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of ________ defense.

  Correct Answer   counteroffensive

  Your Answer   counteroffensive

  

 True/False

  Question   Change in company's strategy gives rise to problems necessitating a new structure to be made

  Correct Answer   True

  Your Answer   True

  

 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 

  

 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   CAP related to internal appraisal of firm stands for

  Correct Answer   competitive advantage profile

  Your Answer   Corporate appraisal programme

  

 True/False

  Question   Timing of measurement before hand serves the purpose of evaluation.

  Correct Answer   False

  Your Answer   True

  

 True/False

  Question   According to Michael Porter, the core of efficiency management is strategy.

  Correct Answer   True

  Your Answer   True

  

 Multiple Choice Multiple Answer

  Question   Program is a combination of

  Correct Answer   goals , policies , procedures 

  Your Answer   goals , policies , procedures 

  

 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

  

 Match The Following

Question Correct Answer Your Answer

strategic alliances means two or more entities join hands for mutual benefit. two or more entities join hands for mutual benefit.

vertical forward integration means becoming your own customer becoming your own customer

horizontal integration means additional product/service for same customers additional product/service for same customers

vertical backward integration means becoming your own supplier becoming your own supplier

  

 True/False

  Question   Arranging training program on productivity is a strategic decision.

  Correct Answer   False

  Your Answer   False

  

 True/False

  Question   Getting new users is a position defense strategy.

  Correct Answer   False

  Your Answer   False

  

 True/False

  Question   Scheduling is a part of strategic management.

  Correct Answer   False

  Your Answer   False

  

 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 , risk of business gets shared , sharing competence of each other 

  

 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 

  Your Answer   single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping 

  

 True/False

  Question   Macro environment has got immediate impact on business.

  Correct Answer   False

  Your Answer   False

  

 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 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   Macro environment has got immediate impact on business.

  Correct Answer   False

  Your Answer   False

  

 Select The Blank

  Question   A hardware manufacture enters into software is an example of ________integration.

  Correct Answer   vertical ( forward )

  Your Answer   vertical ( forward )

  

 True/False

  Question   Reciprocal responsibility means equal blames and credit.

  Correct Answer   False

  Your Answer   True

  

 Match The Following

Question Correct Answer Your Answer

Market follower are Imitator Imitator

Horizontal integration means Additional product/service for same customers Additional product/service for same customers

Vertical forward integration means Becoming your own customer Becoming your own customer

Position defense means Fortification around one's territory Fortification around one's territory

  

 Multiple Choice Multiple Answer

  Question   Core ideology

  Correct Answer   core values , core purpose 

  Your Answer   core values , core purpose 

  

 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 

  

 Select The Blank

  Question   Delay in ________ measurement defeats the purpose of evaluation.

  Correct Answer   Time

  Your Answer   Time

  

 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   It concentrates on organisation design and work flow

  Correct Answer   Flotilla

  Your Answer   Flotilla

  

 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 

  

 Multiple Choice Single Answer

  Question   Export entry modes are

  Correct Answer   direct/indirect export

  Your Answer   direct/indirect export

  

 Multiple Choice Single Answer

  Question   The traditional approach towards uncertainity is

  Correct Answer   Binary

  Your Answer   Multiple

  

 True/False

  Question   Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.

  Correct Answer   False

  Your Answer   False

  

 Select The Blank

  Question   Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups.

  Correct Answer   Co-ordination

  Your Answer   Co-ordination

  

 Multiple Choice Multiple Answer

  Question   Measures to take corrective action

  Correct Answer   Checking performance , Reformulate strategies , Standard check 

  Your Answer   Checking performance , Reformulate strategies , Standard check 

  

 Multiple Choice Multiple Answer

  Question   Money is invested by way of

  Correct Answer   Debt , Equity 

  Your Answer   Debt , Equity 

  

 Multiple Choice Single Answer

  Question   Strategic management deals with

  Correct Answer   Business process

  Your Answer   Business process

  

Match The Following
Question Correct Answer Your Answer
Rely on short term assessment -- Barrier in evaluation -- Audit and Executive committee
Premise control -- Identifies key assumptions -- Identifies key assumptions
Emergency alert control evaluation Type of strategic control Control
Strategic evaluation -- Effectiveness of strategy -- Effectiveness of strategy

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

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

Multiple Choice Multiple Answer
Question Criteria for making an evaluation are
Correct Answer Consistency with goals , Consistency with environment , Money
Your Answer Consistency with goals , Consistency with environment , Money

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

Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose

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

True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True

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

Multiple Choice Multiple Answer
Question Macro environment
Correct Answer Political- legal , socio-cultural , economic-demographic
Your Answer Political- legal , socio-cultural , economic-demographic , technology

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

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

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

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 target

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

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 , ambitions in proportion to their existing resources & capabilities , what the organization strives for.

Multiple Choice Single Answer
Question Investment entry mode are
Correct Answer joint venture/independent ventures/subsidiaries
Your Answer joint venture/independent ventures/subsidiaries

Multiple Choice Multiple Answer
Question The reasons for acquisition are
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market

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

True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer True

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 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 Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer vertical ( backward ) integration

Multiple Choice Single Answer
Question General Electric Matrix is divided into how many cells
Correct Answer 9
Your Answer 9

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

Select The Blank
Question A cycling accessory firm strive to become 'the nike of the cycling industry' is ________category of goal.
Correct Answer role model
Your Answer role model

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

Multiple Choice Single Answer
Question A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is
Correct Answer Supply chains
Your Answer Supply chains

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

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

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

True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer True
Your Answer True

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

Multiple Choice Single Answer
Question Horizontal integration is concerned with
Correct Answer product lines
Your Answer product lines

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

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

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

True/False
Question Focused company is generally protected from competition.
Correct Answer True
Your Answer False

Select The Blank
Question Module of Flotilla strikes an optimum balance of ________ and flexibility
Correct Answer Standardisation
Your Answer Standardisation

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

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

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

Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )
Your Answer horizontal