1. Identify the one that will not come under business : Orphanage 2. The term policy may apply to :All the above 3. One is not the feature of business policy : (a) Dictates people 4. Business is an: (a) Economic activity 5. Business policy helps : All 6. Policies exist at (d) All the above 7. Policies are developed at (a) Individual level TOWS is an acronym for : Threat,opportunity, weakness, strength 1. Strategy is a (d) All the above 2. All are hierarchical levels of strategies, except(d) Regional level 3. The forth step in strategic management process includes developing the following, except (c) Control systems 4. External environment analysis helps knowing (c) Growth rate (d) Availability of resources 5. Identify the two that are not the technique of enhancing strategic thinking. (c) Illusion of Control (d) Price Hypothesis 6. Concept of strategy has been borrowed from (b) Military 7. According to Henry Mintzberg, strategy is a (c) Plan 8. Strategy is a(d) All the above 9. All are the elements of strategy, except (d) Short-term plan 10. Developing vision, mission, objectives, and value system is the (c) First step in strategic management 11. All are the hierarchical levels of strategy, except (b) Environment 12. Corporate level strategies are formulated by All 13. MBO is an acronym for (b) Management by Objectives 14. Strategic management process involves : six steps 15. TOWS matrix is the result of :(c) Internal as well as external environmental analysis 16. All are involved in strategy formulation, except :(a) Account 17. All are the key roles played by CEO except (d) Security officer 18. Identify the technique available for enhancing strategic thinking (b) Dialectic Inquiry 19. Systematic errors arise due to biases in the form of (d) All the above 1. One of the following is not the attributes of strategic intent. (d) Sense of Coordination. 2. Identify one of the following that is not the component mission. (d) Promotion of product. 3. Select the correct expansion of SMART. (a) Specific, measurable, appropriate, realistic, timely. 4. Identify the one that is not there in strategic intent. (a) Budget 5. All are elements of mission statement. (e) Planning 6. All are the characteristics of objectives. (c) Manageable 7. Abell’s definition of business does not include: (d) Values 8. All approaches for determining objectives, except (c) Vertical 9. One of the following is not the secondary objectives of a firm. (d) Profit maximisation. 10. The following is one of the components of recent mission statements. (c) Customer 11. According to Drucker, objectives need to be set in the (c) Eight primes areas 12. Economic objectives are________ for any business firm (a) Must 13. In ‘SMART’ acronym, ‘T’ stands for (c) Timely 14. “You cannot manage what you can not measure….and what gets measured gets done”, (b) Bill Hewlett 15. “To be the happiest place on the earth” is the vision of (d) Disneyland 1.All factors are economic factors, except (d) Transportation 2. All are the factors of business environment, except customer 3. Identify the socio-cultural factor. (a) Marriage 4. All are the forces given by Porter, except (c) Complimentors 5. Trace out the one that is not the type of strategic groups. (b) Offender 6. All are components of computer hardware industry, except (a) Modern 7. The following all are the steps in the process of environmental analysis, except d-management 8. All are ecological factors, except (d) Genetic Engineering 9. Identify global factor from the following: (a) Establishment of WTO 10. All are sources of entry barriers except: (a) Size of firm 1. All are micro environment factors, except (b) Technological factors 12. From the following, identify the demographic factors (c) Education 13. From the following, identify trading block (c) EU 14. Porter’s model must be applied at the (a) SBU level 15. Identify the new forces driving new economy (d) All the above 1.Identify key criteria for determining strengths and weaknesses. (c) KFS 2. All are the measures available for judging the degree of strength or weakness of a firm, except :(a) Quantitative measures 3. All are the tangible resources, except (b) Human resources 4. SWOT Analysis is an acronym for (a) Strategies, weaknesses, opportunities, threats 5. Identify the one that is not a primary activities of value chain.(b) Procurement 6. All are support activities of value chain, except (d) Inbound logistics 7. All are general building blocks of competitive advantage, except (c) Superior selling 8. All are reasons for sustaining competitive advantage, except (d) Resources 9. Identify the outbound logistics activity. (c) Order packing 10. All are outbound logistics activities, except (d) Material handling. 11. Internal environment is also known as (a) Organisational audit 12. Criteria used in determining a particular element/situation/resource is strength or (c) Four 13. KFS is an acronym for (a) Critical factor for success 14. Organisational resources are categorised into (b) Three 1.All are the measures of growth, except (a) Increase in sales (c) Increase in liabilities 2. All are the degrees of vertical integration, except (d) Short-term contract 3. All are shareholders value-diversification tests, except (a) Hive-off Test 4. All are the benefits of horizontal integration, except (b) Gain better access to end user 5. All are situations suitable for diversification, except (b) When organisation competes for a growing industry 6. All are the situations suitable for backward integration, except (b) When a firm is interested to get the benefits of stable high production 7. All are directional strategies, except (c) Parenting strategies 8. Identify two ways of corporate growth: (i) Internal (ii) External (iii) Vertical (iv) Horizontal (a) i and ii 9. All are the key issues of an enterprise that are dealt at corporate level, except (c) Operational issue 10. Integration can be categorised into (a) Two 11. Vertical integration is divided into (a) Two 12. All are the situations suitable for forward integration, except (a) Firm’s present distributors are expensive (b) Availability of quality distributors is limited (c) Firm is planning to reduce the selling price (d) Suppliers are huge in number 13. Most of the diversification strategies failed in (a) Cost-of-entry test 14. Diversification is said to be value added when it pass any one of the (b) Three tests 15. Identify the advantages of conglomerate diversification (a) Spread of business risk (d) All the above 1.All are Porter’s generic strategies, except: (c) Promotion focus 2. All are situations suitable for low cost leadership, except (c) When loyal customer base exists 3. Which are the variants of focus strategy: (i) Focussed low-cost, (ii) Focussed pricing, (iii) Focussed differentiation, (iv) Focussed sales. ans-(b) i and iii 4. Trace the one that is a way to achieve cost advantage: Ans(a) Economies of scale 5. All are the business level strategies, except (c) Mergers and acquisitions 6.Business level strategies are also known as (b) Generic strategies 7. Satiations suitable for focused strategy (d) All the above 8. Differentiated product (a) Increases cost of the product 9. Business level strategies given by (d) Michael Porter 10. Low cost strategy help firm in (a) Creating entry barriers 1.All are strategy implementation activities, except (b) Control 2. Identify methods of resource allocation. (i) Top-down approach, (iii) Bottom-up approach ans (c) i and iii 3. All are business categories as per BCG, except Ans-(a) Fox 4. All are the techniques of resource allocation, except ans-(d) Accounts. 5. All are the factors affecting effective resource allocation, except (d) Size of organisation 6. All of the nature of decisions in GEs stoplight matrix, except (c) Do nothing 7. SMART is an acronym for (a) Specific, measurable, achievable, reliable, time- 8. SBUs stands for (d) Strategic business unit 9. Number of methods available for resource allocation (a) Two 10. Nine cell matrix was developed by (b) General Electric 11. All the following includes in strategy pyramid, except (c) Values 12. Market life cycle competitive strength matrix has (d) 16 cells 13. One of the following is not the factor considered for developing BCG matrix (b) Profit growth rate 14. One of the following is not the factor considered for developing GE’s nine cell matrix (b) Market growth rate 15. Industry attractiveness Resource audit is one of the steps in (a) Strategic audit 1. All are types of organisational controls, except (b) Power control 2. Identify three step model of strategic control given by Schroeder and Steinmann. (i) Premise control, (iii) Implementation control, (ii) Feed back control, (iv) Strategic surveillance control. ans-(c) i, iii and iv, 3. Identify the control technique given by Robinson. (d) Special alert 4. All are systems of operational control, except (d) Inspection 5. All are performance methods, except (d) Environment analysis 6. All are characteristics of premise control, except (b) High formalisation 7. All are strategic surveillance characteristics, except (b) High formalisation 8. All are special alert control characteristics, except (b) Low formalisation 9. Identify the one that is not a objective of management control. ans-(b) PERT 10. All are KSFs, except Ans-(D)employee remuneration 11. Special alert control is given (c) Pearce and Robinson 12. Strategy evaluation involves____6____ steps 13. Strategic control are grouped intoans- (a) Three 14. Scheduling is one of the subsystems of (b) Premise control 15. Strategic control helps overcome (d) All the above 16. MBO is one of the techniques of (d) operational control 17. Strategic control focus on (c) Internal environment 18. According to value chain analysis activities of a business are grouped into (b) two 19. Resource audit is one of the steps in Ans-(a) Strategic audit 20. Traditional tools of portfolio analysis (b) GE Nine Cell matrix 1. Identify the one which is not one of the carroll’s four responsibities of business. ans(b) Political 2. One of the following is not the forces pressuring social responsibility. (b) Customers 3. Identify of the firsts of Tatas towards Employees. (d) All the above 4. Traditional view of business responsibility is to increase (a) Profits 5. Business social responsibility also known as (b) CSR 6. All are the arguments for social responsibility, except (d) Pay less tax 7. All are the augments against social responsibility, except (c) Lack of Govt. support 8. Identify the one that is not the social responsibility of the business towards employees. (d) Better quality products 9. Identify the one that comes under the social responsibility of the business towards government. (c) Pay tax 10. Involving business in Social responsibility activities affects business performance, except (c) Reduces cost 11. Identify the one that is not part of the Carroll’s four responsibilities of business (b) Technological responsibility 12. Identify the force that is not driving. (d) Political 13. All are the elements of competitive strength, except (b) Market share
Posted on: Tue, 04 Mar 2014 06:43:44 +0000
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