QUESTION 1

1. The ____ strategy clarifies the business strategy, giving specific short-term guidance to
operating managers in the areas of operations likemarketing, finance, HR, R&D, etc., and
increases the likelihood of their success.

functional
divisional

horizontal

vertical

2 points   

QUESTION 2

1. Which of these is/are the benefits of Management Buy Out?

Source of tax savings

It provides an excellent opportunity for management of undervalued companies to realize the

intrinsic value of the company

Lower agency cost

All of these
2 points   

QUESTION 3

1. ___may be defined as a system of right and wrong.

Rules

Ethics
Regulations

All of these

2 points   

QUESTION 4

1. Which of these is/are a means of selling a part or all of the firm?

sale

liquidation

spin-off
 All of these
2 points   

QUESTION 5

1. ___describes the relationship between the stage of the product's life and its market
position.

Startegic Management

Life Cycle Portfolio Matrix

Value Chain Analysis

None of these

2 points   

QUESTION 6

1. For good or bad, ___ are role models in their organisation.

leaders
partners

managers

employees

2 points   

QUESTION 7

1. A market expansion strategy usually requires aggressive use of strategic funds for advertising
and promotion.Is it correct?

 True

 False

2 points   

QUESTION 8

1. The purpose/s of Managemnet Buy Out is/are:

To save their jobs

To maximize the financial benefits they receive from the success they bring to the company by
taking the profits for themselves

To ward off aggressive buyers

 All of these
2 points   

QUESTION 9

1. The learning ability of an organization is limited due to the following factors:

failure to define the problem

lack of exploration time

lack of exploration ability

All of these
2 points   

QUESTION 10

1. Plant Location, product Mix, plant building etc. are the components of___strategy.

Financial

Production
Marketing

Human Resource

2 points   

QUESTION 11

1. _____ is a contract to work together for a period of time, each participant expects to gain
from the activity but also must make a contribution.

Joint Venture
Spin-off

Split-up

All of these

2 points   

QUESTION 12

1. HR ____ is the first key component for developing a human resource strategy.

controlling

planning
 implemnting

None of these

2 points   

QUESTION 13

1. The organisation’s purpose and strategy do not just drop out of a process of discussion, but
are actively directed by an individual with strategic vision, whom we call ____.

manager

strategic leader
employee

None of these

2 points   

QUESTION 14

1. Corporate restructuring may also take place as a result of the acquisition of the company by
new owners.

 True

 False

2 points   

QUESTION 15

1. Cause/s of retrenchment is/are:

production inefficiencies

economic recession

innovative breakthroughs by competitors

All of these
1 points   

QUESTION 16

1. Policies, in an organisation, may relate to:

Sales

Production
 Finance

All of these
1 points   

QUESTION 17

1. Industry ____ refer to what a majority of players in the industry do with respect to products,
pricing, promotion, distribution etc.

Practices
Growth

Structure

Analysis

1 points   

QUESTION 18

1. ___strategy is the general plan by which the organization intends to achieve its purpose and
long-term objectives.

Corporate level
Business Unit

Functional level

All of these

1 points   

QUESTION 19

1. ___ strategy binds the organization together by setting the guides and principles for the rest
of the functions to follow.

Corporate
Functional

Departmental

None of these

1 points   

QUESTION 20

1. The ___environment reflects the immediate mood of the company’s employees and
contributes to the way they face immediate problems.
 short term
long term

Both a and b

Neither a nor b

1 points   

QUESTION 21

1. A ___ occurs when a company’s shareholders are bought out (hence buyout) by the
company’s management and other private investors using borrowed funds (hence
leveraged).

leveraged buy out

spin off

Both a and b

Neither a nor b

1 points   

QUESTION 22

1. The strategic intent or the ___ of the firm.

mission

objective

goal

None of these

1 points   

QUESTION 23

1. A manufacturer acquiring retail outlets or a hop grower beginning to brew his own beer is an
example of _____ integration.

Backward

Forward
Horizontal

None of these

1 points   
QUESTION 24

1. Which of these is true about the traditional motivational techniques?

are based on a reward- punishment psychology

involve the use of performance appraisals

involve the use of performance-based incentive programmes

All of these
1 points   

QUESTION 25

1. Which of these is/are features of a joint venture?

in a joint venture, two or more organizations form a separate legal undertaking, which is an
independent organization for strategic purposes

in a Joint venture, partnership is usually focused on a specific market objective

it may last from a few months to a few years, and often involve a cross-border relationship

All of these
1 points   

QUESTION 26

1. Knowledge of competitors is required in order to formulate a ____ strategy.

operational

competitive
corporate

None of these

1 points   

QUESTION 27

1. ____ reflects the domestic demand for products and services produced in a country.

Domestic Demand Conditions

Factor conditions

Company strategy, structure, and rivalry

None of these
1 points   

QUESTION 28

1. ______ form a part of the organisation manual or records.

functional

organisational

written
oral

1 points   

QUESTION 29

1. When all the businesses in which a firm operates share a significant number of inputs,
production technologies, distribution channels, similar customers, etc.is called ___
Diversification.

Related- constrained
Related- linked

Horizontal

All of these

1 points   

QUESTION 30

1. Under the ____sub-phase of the Selection phase, an alternative is chosen either

througheither through a process of analysis and judgment or a process of bargaining among
decision-makers.

Screen

Evaluation-choice

Authorisation

All of these

1 points   

QUESTION 31

1. At which levels is Horizontal strategy required?

Group
 sectoral

corporate

All of these
1 points   

QUESTION 32

1. ___ can have an important effect on global competitiveness.

Chance

Government

Both a and
b
Neither a nor b

1 points   

QUESTION 33

1. Which of these is/are the feature/s of Stars in the BCG Matrix?

they grow rapidly

they use large amounts of cash

they are leaders in the business, so they should also generate large amounts of cash

All of these
1 points   

QUESTION 34

1.   _____ policies are not in print but are understood from the functioning of the
management.

Implied
functional

organisational

written

1 points   

QUESTION 35

1. The strategic management process is made up of the following elements:

 situation analysis

strategy formulation

strategy implementation and strategy evaluation

All of these
1 points   

QUESTION 36

1. A ____ statement, outlines why the organization is issuing the policy, and what its desired
effect or outcome of the policy should be.

Purpose
policy

Applicability

Responsibility

1 points   

QUESTION 37

1. ____ documents often come with the endorsement or signature of the executive powers
within an organization to legitimize it and demonstrate that it is considered in force.

Policy
Strategy

Mansucript

Legal

1 points   

QUESTION 38

1. _____ are defined as techniques or a science of dispensing and manoeuvring forces to

accomplish a limited objective or an immediate end.

Tactics

Strategy

Goal

Obejctive

1 points   
QUESTION 39

1. ____ has made it possible to turn voices, sounds, movies, television signals, music, colours,
pictures, words, documents, or any other form of data one can think of, into computer bits
and transfer them by telephone lines, satellites and fibre optic cables around the world.

Communication

Finance

Digitization
Transportation

1 points   

QUESTION 40

1. ____ is the process of specifying the organization's mission, vision and objectives,
developing policies and plans, often in terms of projects and programs, which are designed
to achieve these objectives and then allocating resources to implement the policies, and
plans, projects and programs.

Strategic Management
Business Management

Resource Management

Budget Management

1 points   

QUESTION 41

1. _______ is concerned with the determination of the basic long-term goals and the objectives
of an enterprise and the adoption of courses of action and allocation of resources necessary
for carrying out these goals.

Strategic Management
Business Mangement

Social Management

None of these

1 points   

QUESTION 42

1. What is/are the standard component/s given in a policy document?

Purpose Statement
 Applicability and Scope and responsibilities

Effective date, policy statement

All of these
1 points   

QUESTION 43

1. Which of these is/are true about Diversification quadrant of the Product-Market Matrix.

It represents a near total strategic overhaul, simultaneously trading in both Product and Market

it is the most challenging, costly, and risky of the options

New skills and relationships need to be developed here

All of these
1 points   

QUESTION 44

1. The ____matrix (sometimes called the Corporate Strategy matrix) defines the options that
are open to the firm.

Product-Product

Product-Market
Place-Market

None of these

1 points   

QUESTION 45

1. Policies explicitly stated in writing are ____ policies.

functional

organisational

written
oral

1 points   

QUESTION 46

1. The ___ unit is the level of analysis where most of the strategic planning effort is centred.
 business
sectoral

corporate

None of these

1 points   

QUESTION 47

1. ____ entails entry into new markets with new products.

Globalisation

Diversification
Remuneration

Demonetisation

All of these

1 points   

QUESTION 48

1. ____ strategies are those associated with methods of competing in a certain business or
industry.

operational

competitive
corporate

None of these

1 points   

QUESTION 49

1. Strategy formulation is generally broken down into the following organizational levels:

operational

competitive

corporate

All of these
1 points   
QUESTION 50

1. ____ involves designing and developing the company strategies.

situation analysis

strategy formulation
strategy implementation

strategy evaluation

1 points   

QUESTION 51

1. Retrenchment may take the following forms:

Outright sale to another company

Leveraged Buyout

Spin-off

All of these
1 points   

QUESTION 52

1. ______ defines the relationship between the firm and its stakeholders.

corporate philosophy
strategic management

budget management

None of these

1 points   

QUESTION 53

1. In ___ the parent company creates a new company, then distributes its shares to
shareholders of the parent.

leveraged buy out

spin off

Both a and b

Neither a nor b
1 points   

QUESTION 54

1. In the ____ sub-phase of the development phase, the organizational decision makers go
through a number of activities to generate alternative solutions to problems.

Search
Design

Both a and b

Neither a nor b

1 points   

QUESTION 55

1. The very idea of a learning organization is a ____.

Plan

vision
art

dream

3 points   

QUESTION 56

1. The objective of the learning organization is to address the issues such as:

efficiency

effectiveness

innovation

All of these
3 points   

QUESTION 57

1. Which of these factor/s come within the purview of the environment?

economic conditions

legal and political conditions

changes in market conditions

 All of these
3 points   

QUESTION 58

1. In case of simple structure in an organisation, the emphasis is on the following:

direct control

direct communication

Both a and b
Neither a nor b

3 points   

QUESTION 59

1. In designing an organization, due consideration has to be given to ensure the following:

Specialization

Coordination

Centralization

All of these
4 points   

QUESTION 60

1. The systems for planning, finance, legal, quality, information management, etc. are included
under _____ head.

Human Resource Management

Infrastructure
Procurement

None of these

4 points   

QUESTION 61

1. ____ allainces are often seen in activities such as, mass awareness campaigns or
environmental and social issues.

pro-competitive

pre-competitive
 non-competitive

competitive

4 points   

QUESTION 62

1. The process of ____ results in adding competencies both to the provider and receiver of the
knowledge.

Differentiation

diffusion
Both a and b

Neither a nor b

4 points   

QUESTION 63

1. An organisation’s____ is something it does exceptionally well in comparison to its

competitors.

synergy

core competence
strategy

None of these