Strategic Management SCDL

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

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

Question
Different kinds of information systems are
Correct Answer
Operational level system , Knowledge level system , Management level system
Your Answer
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

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

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

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

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

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

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

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

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
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

Question
Three important managerial qualities required for the effective strategic management
Correct Answer
Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer
True/False
Question
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

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

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

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

Question
Strategic management deals with
Correct Answer
Business process
Your Answer
Business process

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

Question
Correct Answer
Your Answer

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

Question
W in SWOT stands for
Correct Answer
Your 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

Question
CAP related to internal appraisal of firm stands for
Correct Answer
competitive advantage profile
Your Answer
competitive advantage profile
POSTED BY MINDGRILL AT 5:36 AM 0 COMMENTS LINKS TO THIS POST
LABELS: STRATEGIC MANAGEMENT
Strategic Management - 3

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

Question
Correct 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

Question
supplier & technological environment is concerned with
Correct Answer
quality & no. of suppliers , logistics , raw material , trends and rate of change of technology

Question
A Large-scale community development project was funded to enable farmers to use local resources
effectively by
Correct Answer
Asian Paints

Question
Correct 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

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

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

Question
Techniques used in environmental appraisal are
Correct Answer
single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert
opinion , Dynamic modes and mapping

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

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

Question
Correct Answer
Top Management

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

Question
Merger takes place
Correct Answer

Question
The discipline which deals with what is good and bad and which moral obligation is
Correct Answer
Ethics
True/False
Question
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

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

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

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

Question
Different kinds of information systems are
Correct Answer

Question
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

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 )

Question
Financial environment is concerned with
Correct Answer
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
Question
Correct Answer

Question
Performance is affected by
Correct Answer
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

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

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

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

Question A Company's strategy
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if
inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if
inappropriate
Select The Blank

Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer internal analysis
Question Mass media includes
Correct Answer radio, TV, internet etc.
Your Answer radio, TV, internet etc.
Select The Blank

Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline
Your Answer Self-discipline

Question Critical resources in the emerging information age are
Correct Answer Information , Expertise , Intelligence
Your Answer Information , Expertise , Intelligence
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
True/False
Question Scheduling is a part of strategic management.
Your Answer False

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

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.

Question Business is rated on which dimensions
Correct Answer Market attractiveness , Business strength
Your Answer Market attractiveness , Business strength

Question It enables the strategists to take corrective action at the right time
Correct Answer Premise control
Your Answer Premise control
Select The Blank

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

Question W in SWOT stands for
Correct Answer inherent inadequacy of organization
Your Answer inherent inadequacy of organization
True/False
Question Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer True
Your Answer True
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 , provide for an exit strategy

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

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

Question Horizontal integration is concerned with
Correct Answer product lines
Your Answer product lines
Select The Blank

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

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 Board of director

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 Excelling in one market guarantees success in a new.
Your Answer False
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True

Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity
Your Answer familiarity

Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis
Your Answer Crisis
Match The Following

Question Correct Answer Your Answer
Board of Directors Link between company & external environment Link between company & external
environment
Profit centers S.B.U. s S.B.U. s
S.B.U.s are more focused on their Product line/business Product line/business
Manufacturing strategy Productivity Productivity
True/False
Question Arranging training program on productivity is a strategic decision.
Your Answer False
True/False
Question Systems are formal and informal rules and regulations that complements the company structure
Correct Answer True
Your Answer True

Question They have time based utility
Correct Answer Goals , Resources
Your Answer Goals , Resources
Select The Blank

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

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

Question ________ is the company's most critical and scarest resource.
Correct Answer Capital
Your Answer Capital
True/False
Question The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer True
Your Answer True

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
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

Question These people are charged with the responsibility of continuous screening of performance?
Correct Answer Audit committee
Your Answer Audit committee
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

Question It is the most important feature in the implementation of strategic management
Correct Answer leadership
Your Answer leadership
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 Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer internal transformation
Your Answer internal transformation
Select The Blank

Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer internal analysis
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
Your Answer True

Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial firm.
Your Answer False
Select The Blank

Question Economics of scale requires ________.
Correct Answer high market share
Your Answer high market share
True/False
Question
Macro environment has got immediate impact on business.
Correct Answer
False
Your Answer
False

Question
These people are charged with the responsibility of continuous screening of performance?
Correct Answer
Audit committee
Your Answer
Audit committee

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

Question
Correct Answer
Your 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 , market reaction
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
Select The Blank

GATT stands for ________.
Correct Answer
general agreement on trade & tariff
Your Answer
general agreement on trade & tariff

In SWOT , S stands for
Correct Answer
Your Answer

Associated external agencies means
Correct Answer
Your Answer

Correct Answer
Your Answer

Correct Answer
Top Management
Your Answer
Top Management

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.
Select The Blank

Japan's major productivity gains are the results of social changes brought about by ________
Correct Answer
Statistical quality control
Your Answer
Statistical quality control

Organizational models are
Correct Answer
multinational model , international model , global organizational model
Your Answer
multinational model , international model , global organizational model

Correct Answer
Your Answer

Question
Correct Answer
Your Answer
analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a
statement which is positive, neutral or negative. , dividing environment into sectors , sub factors
Match The Following

Correct Answer
Your Answer
Maintain strategy
stable environment
stable environment
Market follower are
imitator
imitator
Market challenger are
bypass attack
bypass attack
Turnaround strategy
V.R.S.
V.R.S.

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 , sharing competence of each other , monopoly of one company

Correct Answer
Business process
Your Answer
Business process

How does 'structure' reduce internal uncertainity arising out of human behaviour
Correct Answer
Control mechanism , Departmentalisation
Your Answer
Control mechanism , Departmentalisation , Specialisation
True/False
Correct Answer
False
Your Answer
True
Select The Blank

________ 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

Corporate strategy ensures
Correct Answer
fit between the firm and its environment
Your Answer
Easy availability of resources

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LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer

Multiple Choice Multiple Answer

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Multiple Choice Multiple Answer

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