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 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 , importexport True/False Question Change in company structure from divisional to matrix also mean changes in the systems in various degrees Correct Answer True Multiple Choice Multiple Answer Question The control process requires the following types of information Correct Answer Planned performance , Variances , Reasons True/False Question Budgets are plans expressed in numerical terms usually in financial terms Correct Answer True True/False Question Arranging training program on productivity is a strategic decision. Correct Answer False Multiple Choice Multiple Answer Question Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system True/False Question Divestiture is opposed to diversification. Correct 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 Multiple Choice Single Answer Question Secondary sources of information are Correct Answer newspapers, magazines, journals etc.

True/False Question Scheduling is a part of strategic management. Correct Answer False Select The Blank Question Delay in ________ measurement defeats the purpose of evaluation. Correct 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 Multiple Choice Multiple Answer Question Performance is affected by Correct 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. Select The Blank Question Value chain analysis is an effective tool for ________.

Correct 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 Multiple Choice Single Answer Question It is used extensively in organisation and is concerned with action or performance Correct 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 Multiple Choice Multiple Answer Question Money is invested by way of Correct Answer Debt , Equity Select The Blank Question ________ relationships are effective in communicating complex information Correct Answer Personal True/False Question The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance Correct Answer True Select The Blank Question Value chain analysis is an effective tool for ________. Correct Answer internal analysis True/False Question Environmental competitiveness tends to encourage ethical behaviour. Correct Answer

False Multiple Choice Single Answer Question W in SWOT stands for Correct Answer inherent inadequacy of organization Match The Following Question Correct Answer Comparative analysis is historical analysis Benchmarking is competitive analysis Michael Hammer & James Chapy Reengineering GDP stands for gross domestic product Multiple Choice Multiple Answer Question Competenncy models reveal three types of capabilities Correct 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 True/False Question Adapter duplicate the leader and claim to be similar or even the same. Correct 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 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

True/False Question Arranging training program on productivity is a strategic decision. Correct Answer False True/False Question Staffing function applies to all company levels irrespective of levels of hierarchy Correct Answer True True/False Question The actual performance matches the budgeted performance. This is a realistic situation. Correct Answer False Multiple Choice Single Answer Question Mass media includes Correct Answer radio, TV, internet etc. Multiple Choice Single Answer Question Strategic management is mainly the responsibility of Correct Answer Top Management Multiple Choice Multiple Answer Question Various phases of Growth are Correct Answer Creativity , Delegation , Co-ordination Multiple Choice Single Answer Question Strategic management deals with Correct Answer Business process Multiple Choice Single Answer Question Strategic management is concerned with Correct Answer long- range planning Multiple Choice Multiple Answer Question Core ideology

Correct Answer core values , core purpose Select The Blank Question Displacing competitor is ________ category of goal. Correct 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 Multiple Choice Single Answer Question Financial environment is concerned with Correct Answer demand & supply of money, capital markets Multiple Choice Single Answer Question W in SWOT stands for Correct 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 Match The Following Question Correct Answer Fit SWOT analysis Vision what a company wishes to become or aspires to be. mission what the company is and why it exists. BHAG big headed audacious goals Multiple Choice Single Answer Question CAP related to internal appraisal of firm stands for Correct Answer

competitive advantage profile Multiple Choice Single Answer 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 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. Multiple Choice Single 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 Multiple Choice Multiple Answer Question supplier & technological environment is concerned with

Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology Multiple Choice Single Answer Question A Large-scale community development project was funded to enable farmers to use local resources effectively by Correct Answer Asian Paints 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 Multiple Choice Multiple Answer Question Measures to take corrective action Correct Answer Checking performance , Reformulate strategies , Standard check Match The Following Question Correct 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 Multiple Choice Single Answer 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 Multiple Choice Multiple Answer Question The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model 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 Multiple Choice Multiple Answer 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 Multiple Choice Multiple Answer Question The Hallmarks for self-regulation are Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness Multiple Choice Single Answer Question Strategic management is mainly the responsibility of Correct Answer Top Management 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 True/False Question The actual performance matches the budgeted performance. This is a realistic situation. Correct Answer False Multiple Choice Multiple Answer Question Merger takes place Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates Multiple Choice Single Answer Question The discipline which deals with what is good and bad and which moral obligation is Correct Answer Ethics

True/False Question Arranging training program on productivity is a strategic decision. 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 Multiple Choice Multiple Answer Question Program is a combination of Correct Answer goals , policies , procedures Multiple Choice Single Answer 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 Multiple Choice Single Answer Question In SWOT , S stands for Correct Answer favorable condition in the organization's environment. Multiple Choice Multiple Answer Question

Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system Multiple Choice Single Answer Question Strategic management deals with 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 Multiple Choice Single Answer 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 ) Multiple Choice Single Answer Question Financial environment is concerned with Correct Answer demand & supply of money, capital markets

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 Multiple Choice Single Answer Question Strategic management is concerned with Correct Answer long- range planning Multiple Choice Multiple Answer Question Performance is affected by Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles 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 Multiple Choice Multiple Answer Question Money is invested by way of Correct Answer Debt , Equity

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 Multiple Choice Multiple Answer Question Various phases of Growth are Correct Answer Creativity , Delegation , Co-ordination Multiple Choice Multiple Answer Question A Company's strategy Correct 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 Multiple Choice Single Answer Question Mass media includes Correct Answer radio, TV, internet etc. Select The Blank Question ________ and greater accountability replace formal control. Correct Answer Self-discipline Multiple Choice Multiple Answer 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 True/False Question Scheduling is a part of strategic management. Correct Answer False Multiple Choice Multiple Answer Question Program is a combination of Correct Answer goals , policies , procedures 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. Multiple Choice Multiple Answer Question Business is rated on which dimensions

Correct Answer Market attractiveness , Business strength Multiple Choice Single Answer Question It enables the strategists to take corrective action at the right time Correct Answer Premise control Select The Blank Question ________ should have the ability to develop a visionto see patterns into the future. Correct Answer Leaders Multiple Choice Single Answer Question W in SWOT stands for Correct Answer inherent inadequacy of organization True/False Question Changes in company structure also necessitates changes in the systems in various degrees Correct Answer True Multiple Choice Multiple Answer Question Principles to manage strategic alliances are Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy Multiple Choice Single Answer Question In SWOT , S stands for Correct Answer favorable condition in the organization's environment. 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 Single Answer 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 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 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 True/False

Question Excelling in one market guarantees success in a new. Correct Answer False True/False Question Analysis of variances leads to a plan for corrective action Correct Answer True Multiple Choice Single Answer Question Knowledge of the relationships between choices, environment & outcomes is Correct Answer familiarity Multiple Choice Single Answer Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy Correct Answer Crisis Match The Following Question Correct Answer Board of Directors Link between company & external environment Profit centers S.B.U. s S.B.U.s are more focused on their Product line/business Manufacturing strategy Productivity True/False Question Arranging training program on productivity is a strategic decision. Correct Answer False Your Answer False True/False Question Systems are formal and informal rules and regulations that complements the company structure Correct Answer True Multiple Choice Multiple Answer Question They have time based utility Correct Answer Goals , Resources Select The Blank Question Companies employ trained ________ to develop "competency models" to identify potential leaders Correct Answer Psychologists Multiple Choice Multiple Answer Question The culture of a company is conveyed through Correct Answer Rites , Myths , Rituals

Select The Blank Question ________ is the company's most critical and scarest resource. Correct Answer Capital True/False Question The super structure indicates ways in which company's tasks are integrated or coordinated Correct Answer True 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 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 Multiple Choice Single Answer Question These people are charged with the responsibility of continuous screening of performance? Correct Answer Audit committee Match The Following Your Answer Fit SWOT analysis Vision what a company wishes to become or aspires to be. mission what the company is and why it exists. BHAG big headed audacious goals

Multiple Choice Single Answer 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

Select The Blank Question Value chain analysis is an effective tool for ________. Correct 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 Multiple Choice Multiple Answer Question Core ideology Correct Answer core values , core purpose True/False Question Business ethics is how personal norms do not apply to activities & goals of a commercial firm. Correct Answer False Select The Blank Question Economics of scale requires ________. Correct Answer high market share True/False Question Macro environment has got immediate impact on business. Correct Answer False Multiple Choice Single Answer Question These people are charged with the responsibility of continuous screening of performance? Correct Answer Audit committee

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 , importexport 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.

Multiple Choice Multiple Answer Question Factors to be considered while deciding candidates for divestiture are Correct 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 Select The Blank Question GATT stands for ________. Correct Answer general agreement on trade & tariff Multiple Choice Single Answer Question In SWOT , S stands for Correct Answer favorable condition in the organization's environment. Multiple Choice Single Answer Question Associated external agencies means Correct Answer channel members, customers, suppliers etc. 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 Multiple Choice Single Answer Question Strategic management is mainly the responsibility of Correct Answer Top Management 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. Select The Blank

Question Japan's major productivity gains are the results of social changes brought about by ________ Correct Answer Statistical quality control Multiple Choice Multiple Answer Question Organizational models are Correct Answer multinational model , international model , global organizational model Multiple Choice Single Answer Question Strategic management is concerned with Correct Answer long- range planning 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. Match The Following Question Correct Answer Maintain strategy stable environment Market follower are imitator Market challenger are bypass attack Turnaround strategy V.R.S. 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 Multiple Choice Single Answer Question Strategic management deals with Correct Answer Business process Multiple Choice Multiple Answer Question

How does 'structure' reduce internal uncertainity arising out of human behaviour Correct Answer Control mechanism , Departmentalisation True/False Question Arranging training program on productivity is a strategic decision. Correct Answer False 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 Multiple Choice Single Answer Question Corporate strategy ensures Correct Answer fit between the firm and its environment Easy availability of resources