Business Policy & Strategy

Assignment 2

Total Questions: 56
Total Marks: 100

Assignment Information :

The examination will consist of only Objective type (multiple choice) questions requiring candidates to Mouse-click their
correct choice of alternatives against the related question number. The questions would carry 1 to 5 marks each
depending on the difficulty level of the question as indicated in the table below:

Difficulty Level of Questions:

1 Mark - Direct, Memory based

2 Marks - Memory & Conceptual
3 Marks - Conceptual & Analytical
4 Marks - Analytical based on understanding of concepts
5 Marks - Application based on understanding of concepts

The question paper will be for 100 marks and considering marks allotted to each question, the total number of
questions would be around 56.
There will not be negative marking for wrong answers.
In case candidate does not want to attempt the question he I she should not mouse-click any option.
The students are allowed to save the responses and come back later to resume, complete and "Save and Submit" the
assignment. However, if the Due Date has expired, then the assignment will not be accessible and will be marked as
zero. In such cases, the student can re-attempt the assignment allocated after enrolling in the subsequent Semester.
Once submitted, that answer sheet cannot be retreieved for any editing. The student has to initiate a new attempt (if
allowed), if he has submitted the assignment by mistake.
The students are normally allowed 3 chances to attempt and submit the assignment. The number of attempts availed is
displayed under the "Test Information".
The Highest Grade of the 3 attempts shall be considered for grading.
The assignments are auto evaluated, and hence no chance of re-evaluation/re-totalling is allowed to the student.

Multiple Attempts This Test allows 3 attempts. This is attempt number 1.

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QUESTION 1
The way we do things around, that embody past learnings into constraints and guidelines for present actions is ___.
Conceptual
Enactive
Both a and b
Neither a nor b
2 points

QUESTION 2
___ is a type of limited partnership in which the shares are publicly traded.
Master Limited Partnership
Limited Liability Partnership
Joint Partnership
None of these
2 points

QUESTION 3
For good or bad, ___ are role models in their organisation.
leaders
partners
managers
employees
2 points

QUESTION 4
The position of the product within the life cycle is normally determined by the following external factors;
market growth rate
growth potential
number of competitors
All of these
2 points

QUESTION 5
___involves imposition of the acquiring firm’s culture forcefully on the acquired firm.
Separation
Assimilation
integration
Deculturation
2 points

QUESTION 6
Which of these is/are a benefit of Mergers and acquisition?
generation of cost efficiency through the implementation of economies of scale
tax gains
increase in market share
All of these
2 points

QUESTION 7
Strategic___ are built on a set of assumptions, such as market growth, production capability, and competitor actions.
plans
missions
obejctives
All of these
2 points

QUESTION 8
The simplest model of organizational learning is a ____ loop learning process.
 single
double
conceptual
simple
2 points

QUESTION 9
____ strategies are generally formulated in all the key functional areas.
functional
horizontal
vertical
divisioanl
2 points

QUESTION 10
Which topic/s does Corporate Social Responsibility include?
environmental ‘green’ issues
charitable work and other matters related to the community
treatment of employees and suppliers
All of these
2 points

QUESTION 11
____refers to the moral principles and values that govern the behaviour of a person or group.
Values
Ethics
norms
behaviour
2 points

QUESTION 12
According to ____ approach, acts are moral when they promote the individual’s best long-term interests, which
ultimately lead to the greater good.
Utilitarian
Individualism
Moral – rights
justice
2 points

QUESTION 13
A ____ takeover is the one in which the two companies work together because the takeover is perceived as beneficial.
hostile takeover
merger
leveraged buy out
friendly takeover
2 points

QUESTION 14
____ is the party responsible for managing the Master Limited Partnership's affairs and receives compensation that is
linked to the performance of the venture.
Limited Partner
general partner
Both a and b
Neither anor b
2 points

QUESTION 15
What is the need for Organization Restructuring?
 New skills and capabilities are needed to meet current or expected operational requirements.
Parts of the organization are significantly over or under staffed.
Organizational communications are inconsistent, fragmented, and inefficient.
All of these
2 points

QUESTION 16
___ involves significant re-orientation, re-organization or realignment of assets and liabilities of the organization
through conscious management action to improve future cash flow stream and to make more profitable and efficient.
corporate restructuring
management buy out
leveraged buy out
None of these
2 points

QUESTION 17
The ____ matrix reflects the contribution of the products offered by the firm to its cash flow.
BCG
Learning matrix
Growth share
None of these
4 points

QUESTION 18
The divisional structure centres on the use of separate:
businesses
cost centre
profit centre
All of these
4 points

QUESTION 19
What is/are the competitive advantage that a firm gets due to its core competence?
access to variety of products/markets
contributes greatly to customer benefits in the end products
is an exclusive and inimitable preserve of the firm that is long-lasting and cannot be easily copied by
competitors.
All of these
4 points

QUESTION 20
In order to remain competitive, organisations develop strategies that:
focus on core competence
develop synergy
create value for customers
All of these
4 points

QUESTION 21
Some of the well-known franchises in India are:
McDonalds
Pizza Hut
DPS Schools
All of these
5 points

QUESTION 22
____are groups of companies that form a joint entity for a specific purpose—such as building the channel tunnel.
 Franchise
consortium
Firms
None of these
5 points

QUESTION 23
Simple Structure is generally seen in ____ businesses.
small
large
Both a and b
Neither a nor b
5 points

QUESTION 24
Departmentalization may be:
functional
by product
by territory
All of these
5 points

QUESTION 25
Related diversification is called ___ diversification.
Concentric
Conglomerate
Vertical
Horizontal
1 points

QUESTION 26
Policies, in an organisation, may relate to:
Sales
Production
Finance
All of these
1 points

QUESTION 27
What are the basic steps to the strategic control process?
Measurement of Performance
Comparison of performance to goals and standards
taking corrective action
All of these
1 points

QUESTION 28
According to Michael Porter, industries can be categorised into:
Emerging Industries, Mature Industries
Declining Industries
Global Industries
All of these
1 points

QUESTION 29
_____ is the process by which organizations translate their vision into programs and actions to deliver ‘outcomes’.
Strategic Management
Business Mangement
 Social Management
None of these
1 points

QUESTION 30
At which levels is Horizontal strategy required?
Group
sectoral
corporate
All of these
1 points

QUESTION 31
____ integration is a move towards the market place or customers in the same overall business.
Backward
Forward
Horizontal
None of these
1 points

QUESTION 32
_____ involves examining how the strategy has been implemented as well as the outcomes of the strategy.
situation analysis
strategy formulation
strategy implementation
strategy evaluation
1 points

QUESTION 33
The ____ evaluates which value each particular activity adds to the organizations products or services.
SWOT
Value Chain
Business
None of these
1 points

QUESTION 34
The factors that influence a firm, its competitive actions and responses, and the industry’s profit potential are termed as
____ environment.
Industry
General
Competitive
None of these
1 points

QUESTION 35
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 36
Policies that are formulated on the appeal or request of subordinate managers are called ______ policies.
Implied
originated
functional
 appealed
1 points

QUESTION 37
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 38
___ are inputs required and disseminated by the organisation in order to produce the goods and services that it offers.
Inbound Logistics
Opertaions
Outbound Logistics
None of these
1 points

QUESTION 39
Once the output reaches its final form, the activities that are involved in taking the service or product to the end user or
bring the end user to the product of service are: known as ____.
Inbound Logistics
Opertaions
Outbound Logistics
Marketing and Sales
1 points

QUESTION 40
____ indicates the reasons, history, and intent that led to the creation of the policy, which may be listed as motivating
factors.
Background
Purpose Statement
effective date
Definitions
1 points

QUESTION 41
____ is the first step in the strategic management process.
situation analysis
strategy formulation
strategy implementation
strategy evaluation
1 points

QUESTION 42
____ analysis is therefore a critical step in the strategic analysis of a firm.
Industry
Factory
Company
Strategic Business Unit
1 points

QUESTION 43
_______ is a level of managerial activity under setting goals and over tactics.
Strategic Management
Business Management
 Resource Management
Budget Management
1 points

QUESTION 44
In a stratregic alliance, what do the organisations share?
resources
capabilities
competencies
All of these
1 points

QUESTION 45
____ is the sum total of benefits received and costs paid by the customer in a given situation.
Value
Synergy
strategy
money
1 points

QUESTION 46
____ means defining the boundaries of the firm.
Vertical Integration
Horizontal Integration
Horizontal strategy
Business segmentation
1 points

QUESTION 47
Outbound Logistics, in the case of tangible products could mean:
warehousing
transportation
material handling
All of these
1 points

QUESTION 48
Cause/s of retrenchment is/are:
production inefficiencies
economic recession
innovative breakthroughs by competitors
All of these
1 points

QUESTION 49
As a general proposition, if an industry’s profit prospects are above average, the industry can be considered ____.
Attractive
Unattractive
Both a and b
Neiher a nor b
1 points

QUESTION 50
____ have been made possible by the coming together of a number of innovations such as telecommunication,
computerisation etc.
Technology
Finance
Decision- making and information flows
 Information
1 points

QUESTION 51
When do the managers feel the need of retrenchment?
when the firm is neither competitive enough to succeed through a counter attack
when the firm is not nimble enough (effecting fast changes) to be a fast follower
Both a and b
Neither a nor b
1 points

QUESTION 52
The execution of ____ can not be delegated because it requires last-minutes executive decisions.
policy
strategy
goal
purpose
1 points

QUESTION 53
The strategic management process begins with an evaluation of the organisation’s current vision, mission, objectives
and strategy.Is it correct?
True

False

1 points

QUESTION 54
The environmental factors _____ to the firm usually can be classified as opportunities or threats.
internal
external
Both a and b
Neither a nor b
1 points

QUESTION 55
What does Actions to implement strategies include?
evaluation and control to ensure that the strategies are effectively implemented
effective allocation of resources
designing the organisation in a way as to bring the intended strategies to reality
All of these
1 points

QUESTION 56
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