Strategic Management Test.rtf

8/9/2019 Strategic Management Test.rtf

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Started onTuesday, 24 June 2014, 06:17 PM

Completed onTuesday, 24 June 2014, 06:54 PM

Time taken37 mins 17 secs

Grade41out of a maximum of 100

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Question1

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________ Business strategies were constrained , controlled and protected by the

Government

Select one:


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a. 1947-1980

b. 1947 -1982

c. 1947-1985

d. 1947-1987

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The correct answer is: 1947-1980.

Question2

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_____ Approach is based on improving the competitive capacity of providing a high levelof autonomy to the operating units.

Select one:

a. Strategic control

b. Financial

c. Economic Value

d. Competitive advantage

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The correct answer is: Strategic control.

Question3

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_________ states what the founder intends to achieve.

Select one:a. Value

b. Scope

c. Mission

d. Vision

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The correct answer is: Mission.

Question4

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_________ includes detailed action plans for various functional areas like HR, Finance,

Operation, Marketing etc

Select one:

a. Functional Level Strategy

b. Operational Level Strategy

c. Business Level Strategyd. Corporate Level Strategy

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The correct answer is: Functional Level Strategy.

Question5

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____________ represents one of the methods of formulating a value statement:

Select one:

a. Benchmarking

b. Value chain analysis

c. Balanced scorecard

d. Brainstorming

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The correct answer is: Brainstorming.

Question6


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Select one:

a. positive

b. long-term

c. Medium-term

d. short-termFeedback

The correct answer is: long-term.

Question9

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_________ statements give a common cause and a common sense.

Select one:

a. Mission

b. Value

c. Vision

d. All 3 options

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The correct answer is: Value.

Question10

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Question text

__ is in the form of a matrix which classifies the products or service and companys

business units into four categories

Select one:

a. Competitive curve

b. Learning Curve

c. BCG

d. Experience Curve

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The correct answer is: BCG.

Question11

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It is always preferable to prepare _________ objectives

Select one:

a. activity orientedb. Result oriented

c. Operation oriented

d. Service oriented

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The correct answer is: activity oriented.

Question12

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Cash _________ generate a lot of cash.

Select one:

a. Bird

b. Horse

c. Tiger

d. Cow

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The correct answer is: Cow.

Question13

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__________ planning is the Way to communicate the intent of management.

Select one:

a. procurement

b. Strategic

c. production

d. Functional

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The correct answer is: Strategic.

Question14

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________ tries to evaluate the key cash generators of the business which are called

value drivers.

Select one:

a. Economic value Added

b. Return on Assets

c. Shareholder Value Analysis

d. Cash Flow

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The correct answer is: Shareholder Value Analysis.

Question15

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The objective of ___________ is to control efficiency, quality, innovation

andcresponsiveness to customers.


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Select one:

a. Economic Value

b. Strategic control approach

c. Financial

d. Competitive advantageFeedback

The correct answer is: Strategic control approach.

Question16

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Daily sales outstanding=(__________)/(Total Sales/360)

Select one:

a. Accounts Receivable

b. Accounts Payable

c. Total stock

d. Invested Capital

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The correct answer is: Accounts Receivable.

Question17

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_______ mainly concerned issues like gaining competitive advantage, new

opportunities, customer satisfaction market share growth etc.

Select one:


b. Corporate Level Strategy

c. Operational Level Strategy

d. Business Level Strategy

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The correct answer is: Business Level Strategy.

Question18

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________ are entities that have invested their money in the companys capital and

expect a decent return on it.

Select one:

a. Stakeholders

b. Debtors

c. Creditorsd. Bankers

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The correct answer is: Stakeholders.

Question19

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Each business prepare its own objectives which are supposed to be examined on the

basis of ____ variables-

Select one:

a. Six

b. Four

c. Seven

d. Five

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The correct answer is: Six.

Question20

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____ Strategic Planning Process is a formal exercise using scanning and forecasting to

generate strategies; clubbing goal setting and implementation to specify objectives

followed by evaluation and eventually monitoring.

Select one:

a. Corporate

b. Operational

c. Divisional

d. Functional

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The correct answer is: Corporate.

Question21

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The ______ are involved in setting up objectives for the Key Result Areas, divisional

levels, departmental and individual levels.

Select one:

a. Middle Level Managers

b. Marketing Executive

c. Board of Directors

d. Lower Level Managers

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The correct answer is: Middle Level Managers.

Question22

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______ research is centered on a hierarchy of effects right form a potential buyer

becoming aware of a product,

Select one:

a. Marketing

b. Brand

c. Material

d. Product

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The correct answer is: Brand.

Question23

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Balanced Scorecard identifies _________ core processes:

Select one:

a. Seven

b. five

c. four

d. Six

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The correct answer is: four.

Question24

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Examples of _______companies which implemented generic strategies are DuPont and

Texas Instrument


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Select one:

a. Competitive advantage

b. Differentiation

c. Focus and Niche

d. Cost leadershipFeedback

The correct answer is: Cost leadership.

Question25

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Strategic Group Analysis Indicates degree if ease to move from one ________ group to

another

Select one:

a. funtional

b. strategic

c. operational

d. Competitive

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The correct answer is: strategic.

Question26

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In _____ method a firm deliberately creates a misfit between the firms resources and

aspirations and then stretches its resources to achieve those extended aspirations thus

ensuring growth and development.

Select one:

a. Core Competence


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b. Fit Concept

c. Stretch Concept

d. Capabilities

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The correct answer is: Stretch Concept.

Question27

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Strategic Group Analysis Helps in identifying _______ competitors

Select one:

a. indirect

b. future

c. prospective

d. direct

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The correct answer is: direct.

Question28

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SMART Formula stands for Specific-State,Measurable, __________,

___________,Timely etc

Select one:

a. Activity , Recourcesb. Achievable ,Realistic

c. Advantage , Reproducible

d. Action , Result Oriented

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The correct answer is: Achievable ,Realistic.


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Question29

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The ____________ is a strategic management and measuring process used to help

align specific business activities with an organization's strategy and vision.

Select one:

a. Strategy Evaluation

b. Balanced Scorecard

c. Strategy Analysis

d. Benchmarking

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The correct answer is: Balanced Scorecard.

Question30

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In _______ firms objectives are established for overall company as well as for each

division.

Select one:

a. multi-productline

b. multi-international

c. multi-divisional

d. multi-diversified

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The correct answer is: multi-divisional.

Question31

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Versions of benefit-cost analysis: ______ _ which uses the Present value of Future

benefits to ascertain the decisions

Select one:

a. Undiscounted

b. depreciation

c. Discounted

d. accept-reject decision

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The correct answer is: Discounted.

Question32

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_________ data can also be collected internally form various secondary sources like

Advertising, Sales Brochures, Newspaper, Magazines Reference Books and Databases.

Select one:

a. Strategic Group Analysis

b. Five Forces Model

c. Competitive profiling

d. Environmental Analysis

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The correct answer is: Environmental Analysis.

Question33Incorrect

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_______ represents the area of expertise of any firm.


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Select one:

a. Differentiation

b. Quality

c. Competence

d. ValueFeedback

The correct answer is: Competence.

Question34

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Return on Assets = Net Profit/__________.

Select one:

a. Invested Capital

b. Total Laibility

c. Total Assets

d. Net Loss

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The correct answer is: Total Assets.

Question35

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________ level strategy deals with the questions: What business should the corporation

take up?

Select one:

a. Functional

b. Operational

c. Corporate

d. Business

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Question36

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Competence is measured by __________.

Select one:

a. Opportunity

b. capability

c. Rating

d. Advantage

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The correct answer is: capability.

Question37

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________ can exercise power by forcing down prices or playing competitors to each

other.

Select one:

a. Buyers

b. Manufacturerc. Suppliers

d. Traders

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The correct answer is: Buyers.


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Question38

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There are ___________ broad classifications for types of diversification

Select one:

a. two

b. four

c. three

d. five

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The correct answer is: two.

Question39

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There are _________ main types of renewal strategies

Select one:

a. five

b. two

c. four

d. three

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Question40Correct

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Objective setting is generally _______ process.


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Select one:

a. vertical

b. down-top

c. top-down

d. HorizantalFeedback

The correct answer is: top-down.

Question41

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There are __________ versions of benefit-cost analysis

Select one:

a. three

b. two

c. five

d. four

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Question42

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______________ is Short-term Strategies

Select one:

a. Corporate Parenting

b. Portfolio Analysis

c. Corporate Revival


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d. Growth Strategies

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The correct answer is: Corporate Revival.

Question43Correct

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_________ is the motivator of the organization.

Select one:

a. Vision

b. Value

c. Scope

d. Mission

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The correct answer is: Vision.

Question44

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= /Stock Price{=Total Shareholder Return~Return On Equity ~Price-Earning Ratio

~Financial Leverage}

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The correct answer is: Stock Price(t+1) _ Stock Price(t) +dividends.

Question45Incorrect

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________ objective relate to those objective that need to be accomplished in any time


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beyond a 12 month period

Select one:

a. Short-range

b. long-range

c. Medium-range

d. One time

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The correct answer is: long-range.

Question46

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Example of __________ resources are Technology, Innovation and Reputation

Select one:

a. Intangible

b. Visiblec. Tangible

d. Material

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The correct answer is: Intangible.

Question47

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Opportunity and threats and societal expectations are _________

Select one:

a. basic factor


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b. External Factors

c. Value Chain Factors

d. Internal Factors

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The correct answer is: External Factors.

Question48

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In the recent past many Indian IT companies acquired companies in _____and _______

which are having the good customer base

Select one:

a. US , Europe

b. Europe , Russia

c. Middle East, Africa

d. Middle East , Russia

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The correct answer is: US , Europe.

Question49

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The primary driving forces roughly fall into ______ categories.

Select one:

a. Threeb. Two

c. four

d. Six

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Question50

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TATA has been able to achieve this success because it catered to its _________.

Select one:

a. creditors

b. Shareholders

c. Debtors

d. employees

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The correct answer is: employees.

Question51

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___________ is somewhat a loose scanning activity.

Select one:

a. Strategic Surveillance

b. Premise control

c. Implementation control

d. Special alert control

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The correct answer is: Strategic Surveillance.

Question52

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_____ where the firm tries to locate a segment of market within the industry and tries to

cater to the special needs of the customers in that target market.

Select one:

a. Forecast

b. Focus and Niche

c. Target


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The correct answer is: Focus and Niche.

Question53

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_____ Level Strategy is mainly concerned with overall scope of the organization

Select one:

a. Business

b. Corporate

c. Operational

d. FunctionalFeedback


Question54

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_________ is two or more firms create a jointly owned legal organization to access new

technologies.

Select one:

a. Passive pre-emption

b. Active pre-emption


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c. Joint Ventures

d. Creation of shortage

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The correct answer is: Joint Ventures.

Question55

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_______ being the second largest conglomerate in India

Select one:

a. Wipro

b. Birla

c. TATA

d. Reliance

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The correct answer is: TATA.

Question56

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________ refers to a state where a firm enjoys the benefits of economies of scale.

Select one:a. saves money as it produces higher quantities due to its good strategy implementation

b. Competitive advantage

c. Differentiation

d. Focus and Niche

Feedback


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The correct answer is: saves money as it produces higher quantities due to its good

strategy implementation.

Question57

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____ analysis looks at the deployment of resource and performance measures by

comparison with previous years to identify any significant changes.

Select one:

a. SWOT

b. PESTLEc. Case

d. Industry

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The correct answer is: Industry.

Question58

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Functional Level Strategy also known as ___________ tactics.

Select one:

a. Operational

b. Corporate

c. Business

d. functional

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The correct answer is: functional.

Question59

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McKinsey came out with a model popularly known as _________ framework.

Select one:

a. 7-S

b. 5-S

c. 6-S

d. 8-S

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The correct answer is: 7-S.

Question60

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_________=Current Assets/ Current Liability

Select one:

a. Current ratio

b. Debt-Equity Ratio

c. Price-Earning Ratio

d. Total Shareholder Return

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The correct answer is: Current ratio.

Question61

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______ process assesses the available options and tries to align these with the intent

(vision, mission) of the firm.

Select one:


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a. Strategic Management

b. strategic option

c. strategic decision

d. strategic Choice

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The correct answer is: strategic Choice.

Question62

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Organizational structure and culture are important elements of ____________

Select one:

a. organizational Graph

b. organizational Policies

c. organizational design

d. cultural web

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The correct answer is: organizational design.

Question63

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The rate at which the Learning Curve relation operates is known as ___________

Select one:

a. Unpredictable rateb. Competitive rate

c. Forcasting rate

d. Predictable rate

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The correct answer is: Predictable rate.


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Question64

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Satyam started its operations in ________ and __________.

Select one:

a. China , UK

b. China , Dubai

c. UK , Germany

d. China , Malaysia

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The correct answer is: China , Dubai.

Question65

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_____ are those components of strategy where the company must excel to outperform

competitors.

Select one:

a. CSFs

b. SCFs

c. FSCs

d. CFSs

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The correct answer is: CSFs.

Question66

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The main objective of the _____ exercise is to identify What competitive strategies to be

followed?

Select one:

a. Competitive profiling

b. operational model

c. Strategic Group Analysis

d. five forces model

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The correct answer is: five forces model.

Question67

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There are ________ levels of strategies moving top to down

Select one:

a. Three

b. Six

c. Five

d. four

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Question68

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Environmental Scanning Model is a _____ step model

Select one:


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a. Two

b. four

c. Three

d. Five

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Question69

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It was observed that in a game of _______ the person who won all the shots wouldneither stand too close to the target nor too far.

Select one:

a. ting the ring

b. wing the ring

c. ring the ting

d. ring the wing

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The correct answer is: ring the wing.

Question70

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There are ________ methods of rating opportunity

Select one:a. four

b. two

c. three

d. one

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Question71

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_______ being one such asset the value of which depreciates with time it is important to

understand the future value of cash generated by cash cows.

Select one:a. Fixed Asset

b. Stock

c. Cash

d. Machine

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The correct answer is: Cash.

Question72

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Strategic Group Analysis Identify _________ opportunities

Select one:

a. Competitive

b. funtional

c. operationald. strategic

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The correct answer is: strategic.

Question73


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_________ benchmarking deals with top management.

Select one:

a. Functional

b. Financial

c. Strategic

d. Operational

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Question74

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A competitive advantage can be achieved by reconfiguring the __________ chain

Select one:

a. quality

b. top-bottom

c. value

d. model

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The correct answer is: value.

Question75

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____________ is designed to also help communicate and measure goals and

performance.


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Select one:

a. Benchmarking

b. Balanced Scorecard

c. Strategy Evaluation

d. Strategy AnalysisFeedback


Started onFriday, 25 July 2014, 05:34 PM

Completed onFriday, 25 July 2014, 05:35 PM

Time taken1 min 48 secs


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Question1

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Business level strategy answers the following questions: How those needs will be satisfied?

Select one:

a. Business

b. Corporate

c. Operational

d. Functional

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The correct answer is: Business.

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______ has proved it that objective setting is best when it is not restricted by a particular flow.


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Select one:

a. Reliance

b. Wipro

c. Tata

d. L&T

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The correct answer is: Wipro.

Question3

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Strategic plans at times get _________ and difficult to decipher.

Select one:

a. descriptive

b. informative

c. precise

d. over-informative

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The correct answer is: over-informative.


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___________ statements give a common cause and a common sense.

Select one:

a. Vision

b. Strategy

c. Value

d. Mission

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Question5


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Care should be taken that a company should not set too many ____as they may dilute the

drive for accomplishment.

Select one:

a. Target

b. objectives

c. Rules

d. Task

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The correct answer is: objectives.

Question6

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Post independence period w.r.t. industrialization can be divided into _______ phases.

Select one:

a. threeb. four

c. two

d. ive

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The correct answer is: three.

Question7

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___________ resources cannot be seen, touched, documented or quantified

Select one:

a. Visible


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b. Material

c. Intangible

d. Tangible

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Question8

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The objective of ___________ is to control efficiency, quality, innovation andcresponsiveness

to customers.

Select one:

a. Financial

b. Economic Value

c. Strategic control approach


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Question9

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To become a research-based international pharmaceutical company is a mission statement

of ________.

Select one:

a. Ranbaxy Laboratories

b. DHL

c. Infosys

d. Wipro

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The correct answer is: Ranbaxy Laboratories.

Question10


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Standard systems of controls are generally classified into _________ types

Select one:

a. two

b. three

c. five

d. four

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Strength and Weakness and personal values of implementer are _________

Select one:

a. basic factor

b. External Factorsc. Value Chain Factors

d. Internal Factors

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The correct answer is: Internal Factors.

Question12

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Select one:

a. China , UK

b. China , Malaysia


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c. China , Dubai

d. UK , Germany

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Question13

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___________ was developed by Michael Porter.

Select one:


b. Competitive profiling

c. operational model

d. Five Forces Model

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The correct answer is: Five Forces Model.

Question14

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Each business prepare its own objectives which are supposed to be examined on the basis

of ____ variables-

Select one:

a. Seven

b. Six

c. Four

d. Five

Feedback

The correct answer is: Six.

Question15

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_______ Objectives are relating to companys market position and competitiveness.

Select one:a. Strategic

b. Corporate

c. Financial

d. Marketing

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Question16

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________ refers to a state where a firm enjoys the benefits of economies of scale.

Select one:

a. Focus and Niche

b. Competitive advantage

c. saves money as it produces higher quantities due to its good strategy implementation

d. Differentiation

Feedback

The correct answer is: saves money as it produces higher quantities due to its good strategy

implementation.

Question17

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A mission statement incorporates three distinct and identifiable components Which of the

option is not one of them:

Select one:

a. Expansion

b. Distinction


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c. The key market

d. Contribution

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The correct answer is: Expansion.

Question18

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Select one:

a. three

b. two

c. one

d. four

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Question19

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There are ___________ broad approaches to corporate strategies

Select one:

a. four

b. five

c. Six

d. Three

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Question20

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Question text

Return on Invested Capital= ________/ Invested Capital

Select one:

a. Net Profit

b. Total Profit

c. Total Equity

d. Gross Profit

Feedback

The correct answer is: Net Profit.

Question21

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Select one:

a. four

b. Five

c. Six

d. Three

FeedbackThe correct answer is: four.

Question22

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In Fit Concept we can mention about the _________ framework of McKinsey

Select one:

a. 5-S

b. 8-S

c. 6-S

d. 7-S

Feedback


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The correct answer is: 7-S.

Question23

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_______ is a rapid but a thorough review of the entire strategy in the light of sudden and

unexpected events.

Select one:

a. Special Alert Control

b. Premise control

c. Strategic Surveillance

d. Implementation control

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The correct answer is: Special Alert Control.

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______ is seen in the possibility of unforeseen fluctuations or derivations in its expected cash

flows.

Select one:

a. treats

b. benefits

c. Risk

d. Opportunities

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The correct answer is: Risk.

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____________ are also known as functional tactics.

Select one:


b. Business Level Strategy

c. Corporate Level Strategyd. Operational Level Strategy

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_____ states the benefits tat a firm enjoys because of specialization in a particular business,

product or service.

Select one:

a. Experience Curve

b. Learning Curve

c. Competitive curve

d. BCG Approach

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The correct answer is: Experience Curve.

Question27

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The 7 elements of McKinseys model are Shared

values,Structure,System,Strategy,_______,Staff,Skill.

Select one:

a. Sensitivity

b. scope

c. socialize

d. Style

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The correct answer is: Style.

Question28

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Structure is only one element of ____________.

Select one:

a. organizational design

b. organizational Report

c. organizational Policies

d. organizational Graph

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_________ is all about how you define a market, or how you redefine yourself.

Select one:

a. Scope

b. Value

c. Vision

d. Mission

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Critical Success Factors is the most ________ features of an organization.


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Select one:

a. Competitive

b. unique

c. differentiation

d. critical

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The correct answer is: critical.

Question31

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____________ identifies order winners

Select one:


b. Process profiling


d. Product profiling

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The correct answer is: Competitive profiling.


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_______ measures the ability of the firm to generate a flow of cash, therefore it evaluates the

firms capacity of survival and long term growth.

Select one:

a. Return on Assets

b. Cash Flow

c. Economic value Added

d. Shareholder Value Analysis

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The correct answer is: Cash Flow.


47/152

Question33

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_____ depends on the organizations operational factors like its

structure,culture,resources,competencies, technology

Select one:

a. Strategic Choice

b. Strategy Evaluation

c. Strategic Analysis

d. Strategy Implementation

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The correct answer is: Strategy Implementation.

Question34

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__________ concept was introduced in 19th century by _Herman Ebinghaus

Select one:


b. BCG Approach

c. Learning Curve

d. Experience Curve

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The correct answer is: Learning Curve.

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Business ___________ is a branch of study of ethical behavior in corporate world.

Select one:


48/152

a. Ethics

b. Custom

c. Strategy

d. Behaviour

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The correct answer is: Ethics.

Question36

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::1:: ______________ defines the existing business of the company and states as to what it

wishes to be.

Select one:


b. Strategic Analysis

c. Strategic Choice


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The correct answer is: Strategic Analysis.


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The _________ intentions of the organization provide a focus for setting objectives.

Select one:

a. positive

b. Medium-term

c. long-term

d. short-term

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The correct answer is: long-term.

Question38


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Examples of _______companies which implemented generic strategies are Apple, Rolls

Royce

Select one:

a. Differentiation

b. Focus and Niche

c. Competitive advantage

d. Cost leadership

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_______ Benchmarking focuses on financial analysis and comparison of results in order

toascertain the overall competitiveness and productivity.

Select one:a. performance

b. Investor

c. Financial

d. Strategic

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The correct answer is: Financial.

Question40

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The first task of strategic management is formulation of organizations: _____

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a. Mission

b. All 3 options

c. vision

d. Value

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The correct answer is: vision.

Question41

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____________adds the maximum value to the product or service.

Select one:

a. PESTLE Analysis

b. Swot Analysis

c. Core Competence

d. Case Analysis

Feedback

The correct answer is: Core Competence.

Question42

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Select one:

a. future

b. direct

c. indirect

d. prospective

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Question43

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_________ states what the founder intends to achieve.

Select one:

a. Mission

b. Value

c. Vision

d. Scope

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The correct answer is: Mission.

Question44

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Scenario Planning creates a scenario logic through a _________ step methodology

Select one:

a. Five

b. seven

c. sixd. Four

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The correct answer is: six.

Question45

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_____ Level Strategy is mainly concerned with overall scope of the organization

Select one:

a. Business

b. Operational

c. Corporate


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d. Functional

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___________ provides a focus to the business

Select one:



c. Product profiling

d. Process profiling

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_______ is grabbing a disproportionately larger share of licenses either directly or indirectly

through proxy.

Select one:

a. Passive pre-emption

b. Creation of shortage

c. Active pre-emption

d. Joint Ventures

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The correct answer is: Active pre-emption.

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__________ objectives are easiest to quantify

Select one:

a. Operational

b. Financial

c. Funtional

d. Output

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Diversification typically takes _________ Integration forms along your value chain

Select one:

a. Vertical

b. Horizontal

c. Geographical

d. Regional

FeedbackThe correct answer is: Vertical.

Question50

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Strategies that will stop the organizations decline and put it back on a successful path are

known as ___strategies.

Select one:

a. New

b. renewal

c. Result oriented

d. sucessful


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The correct answer is: renewal.

Question51

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_______ are involved in determining Vision, Mission and the Strategic objective of the firm

Select one:

a. Board of Directors

b. Middle Level Managers

c. Lower Level Managers

d. Marketing Executive

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The correct answer is: Board of Directors.

Question52

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Strategic ________ of the existing firms can be analyzed with the extent and strength of

entry barriers

Select one:

a. Evaluation

b. strength

c. values

d. management

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The correct answer is: strength.

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_______ Benchmarking is used when organizations look to benchmark with partners from

different business areas of activity in order to find ways of improving like functions or work

processes.

Select one:

a. Processb. Operational

c. Functional

d. Strategic

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The correct answer is: Functional.

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Select one:

a. Functional

b. Operational

c. Divisionald. Corporate

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Question55

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_________ scope of objectives should be within the bounds of business fit

Select one:

a. Achievable

b. Timely

c. Measurable


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d. Realistic

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The correct answer is: Realistic.


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Government

Select one:

a. 1947 -1982

b. 1947-1987

c. 1947-1980

d. 1947-1985

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the _____ model can be utilized as a tool for defining a firms core competencies and the

activities in which it can gain competitive advantage

Select one:

a. quality chain

b. competitive Chain

c. value chain

d. Five Forces

Feedback

The correct answer is: value chain.

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_________ benchmarking deals with top management.

Select one:a. Functional

b. Operational

c. Strategic

d. Financial

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Question59

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Steps in Environmental Scanning Model are Scanning , ________ , Forecasting , Monitoring

________

Select one:

a. Recording

b. Evaluating

c. Analysingd. studying

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The correct answer is: Evaluating.

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These days ______ companies are providing, offshore facilities, project management,

program management, management consulting services etc.

Select one:

a. Export

b. Chemical


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59/152

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Organizational structure and culture are important elements of ____________

Select one:

a. organizational Graph

b. cultural web

c. organizational Policies

d. organizational design

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Functional Level Strategy also known as ___________ tactics.

Select one:

a. Business

b. Operational

c. functional

d. Corporate

FeedbackThe correct answer is: functional.

Question65

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________ is to be done at the start of a new project and at each new phase in the running

project.

Select one:

a. Economic value Added

b. Return on Assets

c. Analyzing Risk

d. Shareholder Value Analysis


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The correct answer is: Analyzing Risk.

Question66

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There are ______ levels of Grand strategies moving top to down

Select one:

a. four

b. Three

c. two

d. five

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Select one:

a. Advantage

b. Rating

c. Opportunity

d. capability

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Question68

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_____________ highlights and verifies whether these are valid premises or not.


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Select one:

a. Premise control

b. Strategic Surveillance

c. Special alert control


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The correct answer is: Premise control.

Question69

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_________dynamics - electoral eg, will tax policy change?

Select one:

a. Technological

b. Political

c. Economic

d. Social

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The correct answer is: Political.


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_________ Level Strategy focuses its concern to the particulars of a specific market.

Select one:

a. Functional

b. Business

c. Corporate

d. Operational

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Question71


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_________ level strategy answers the following questions: Who will it serve?

Select one:

a. Operational

b. Business

c. Functional

d. Corporate

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TATA has a proper ____________ System in place to cater to the sensitive unsaid concerns

of its employees

Select one:

a. Marketing managementb. Finance management

c. Human Resource

d. Export management

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The correct answer is: Human Resource.

Question73

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__________ is a step further to the learning Curve.

Select one:

a. Experience Curve


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b. Competitive curve

c. Predictable rate

d. BCG Approach

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__________ represents the competitive universe of the firm.

Select one:

a. Five Forces Model


c. operational model

d. Strategic Group Analysis

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Select one:

a. creditors

b. Debtors

c. Shareholders

d. employees

Feedback


Started onFriday, 25 July 2014, 05:40 PM


Time taken1 min 50 secs


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Select one:

a. one

b. twoc. three

d. four

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Question2

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There are __________ generic strategies

Select one:

a. three

b. four

c. one

d. two

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The correct answer is: three.

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____ Benchmarking embraces everything from staffing and productivity to office flow and

analysis of procedures performed.

Select one:

a. Performance

b. Strategic

c. Operational

d. Functional

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The correct answer is: Operational.

Question4

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_________ concept was introduced by Bruce Handerson.

Select one:

a. Predictable rate


c. Learning Curve

d. Experience Curve

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Question5

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_______ benchmarking focuses on comparison with peer companies which can beconsidered as alternate investment options by existing investors

Select one:

a. Investor

b. Functional

c. performance

d. Operational


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The correct answer is: Investor.

Question6

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__________ is a set of values, beliefs, norms that are accepted by majority of people in the

organization.

Select one:

a. Policies

b. Culture

c. Quality bookd. Custom

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The correct answer is: Culture.

Question7

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______ level strategy is basically concerned with selection of the business and development

and co-ordination of the portfolio of that business.

Select one:

a. Business

b. Operational

c. Corporate

d. Functional

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Select one:

a. Vision

b. Mission

c. Value

d. All 3 options

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Question9

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____________ identifies order winners

Select one:


b. Process profiling



FeedbackThe correct answer is: Competitive profiling.

Question10

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Select one:

a. indirect

b. future

c. prospective

d. direct

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Question11

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The rate at which the Learning Curve relation operates is known as ___________

Select one:

a. Forcasting rate

b. Predictable rate

c. Competitive rate

d. Unpredictable rate

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The correct answer is: Predictable rate.

Question12

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_______ represents the area of expertise of any firm.

Select one:

a. Competence

b. Differentiation

c. Quality

d. Value

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The correct answer is: Competence.

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The ___________ Level is based on societys laws and norms.


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Select one:

a. conventional

b. principled

c. pre-conventional

d. Competence

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The correct answer is: conventional.

Question14

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Opportunity is assessed by the ___________ the firm has.

Select one:

a. Demand

b. Supply

c. resources

d. Crediter

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The correct answer is: resources.


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_____ where the firm tries to locate a segment of market within the industry and tries to cater

to the special needs of the customers in that target market.

Select one:

a. Focus and Niche

b. Target

c. Forecast


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Next

Question16

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Select one:

a. Operational

b. Corporate

c. Functional

d. Divisional

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Question17

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Utilitarian Approach _ ethical behavior is when people behave in such a way that produces

greatest benefit to the society or produces least harm to it

Select one:

a. Individual rights

b. Utilitarian

c. Competitive

d. Justice

Feedback

The correct answer is: Utilitarian.

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http://lms.ksouonline.edu.in/mod/quiz/review.php?attempt=10450&page=3http://lms.ksouonline.edu.in/mod/quiz/review.php?attempt=10450&page=3http://lms.ksouonline.edu.in/mod/quiz/review.php?attempt=10450&page=3http://lms.ksouonline.edu.in/mod/quiz/review.php?attempt=10450&page=3


71/152

Daily sales outstanding=(__________)/(Total Sales/360)

Select one:

a. Accounts Receivable

b. Accounts Payable

c. Invested Capitald. Total stock

Feedback

The correct answer is: Accounts Receivable.

Question19

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The primary driving forces roughly fall into ______ categories.

Select one:

a. four

b. Three

c. Two

d. Six

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Question20

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Select one:

a. UK , Germany

b. China , Dubai

c. China , UK

d. China , Malaysia

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A competitive advantage can be achieved by reconfiguring the __________ chain

Select one:

a. value

b. quality

c. model

d. top-bottom

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The correct answer is: value.

Question22

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This strategy aims at achieving __________.

Select one:

a. accuracy

b. efficiency

c. perfectness

d. Results

Feedback

The correct answer is: efficiency.

Question23

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According to ____ Five Force Model there are five environmentalelement that a firm needs to

consistently dealwith

Select one:


73/152

a. Hendersun

b. Porters

c. bob proter

d. steve mechille

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The correct answer is: Porters.

Question24

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________ analysis is a technique for making accept-reject decisions.

Select one:

a. Discounted Cash Flow

b. Benefit-Cost

c. Sensitivity

d. Financial

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The correct answer is: Benefit-Cost.

Question25

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Select one:

a. Advantage

b. Rating

c. Opportunity

d. capability

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Question26

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_________ is all about how you define a market, or how you redefine yourself.

Select one:

a. Scope

b. Vision

c. Value

d. Mission

Feedback


Question27

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Growth Strategies are _________ strategies

Select one:

a. One time

b. Long-term

c. Short-termd. Medium-term

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The correct answer is: Long-term.

Question28

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The _________ level is characterized by concern for self.

Select one:

a. conventional

b. pre-conventional

c. principled


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d. Competence

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The correct answer is: pre-conventional.


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There are _________ main types of renewal strategies

Select one:

a. three

b. five

c. four

d. two

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Question30

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Only firm that can survive the threat of Existence of Substitute Products is one that

possesses some distinctive competencies like ________ etc.

Select one:

a. Cost Cutting

b. Mass Production

c. Quality product

d. Patents

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The correct answer is: Patents.

Question31

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_______represents the collective experience built up over years and all organizations

develop a degree of coherence in their culture to be able to function effectively

Select one:

a. Social web

b. organizational Policies

c. organizational design

d. cultural web

Feedback

The correct answer is: cultural web.

Question32

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___________ provides a focus to the business

Select one:

a. Process profiling


c. Strategic Group Analysis


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Question33

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_______ diversification is when the firm diversifies into products that are not related to eachother.

Select one:

a. Concentric

b. Focused

c. Conglomerate

d. Targeted


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The correct answer is: Conglomerate.

Question34

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________ products limit the potential of an industry by putting a ceiling on the prices other

firms can charge.

Select one:

a. substitute

b. Quality

c. similard. Cheap

Feedback

The correct answer is: substitute.

Question35

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Select one:

a. Lower Level Managers


c. Marketing Executive

d. Board of Directors

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Question36

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78/152

In the recent past many Indian IT companies acquired companies in _____and _______

which are having the good customer base

Select one:

a. Middle East , Russia

b. Middle East, Africac. Europe , Russia

d. US , Europe

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The correct answer is: US , Europe.

Question37

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________ is to be done at the start of a new project and at each new phase in the running

project.

Select one:

a. Analyzing Risk

b. Return on Assets


d. Economic value Added

Feedback

The correct answer is: Analyzing Risk.

Question38

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__________ set up objectives of units as well as their subordinates

Select one:

a. Marketing Executive


c. Lower Level Managers

d. Board of Directors

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The correct answer is: Lower Level Managers.

Question39

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include Profitability , Growth {Increase in total Assets}, Utilization of resources {ROE or

ROI} and Market Leadership {Market Share}{=Corporate Goals ~Marketing Goals

~Operational Goals ~Functional Goals}

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Select one:

a. Six

b. Three

c. four

d. Five

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Question41

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________ are the parties interested in a companys financial status.

Select one:

a. Stakeholders

b. Debtors

c. Creditors


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d. Bankers

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The correct answer is: Stakeholders.


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_____ is by maintaining a large number of dormant companies on whose names they grab

licenses.

Select one:

a. Creation of shortage:

b. Active pre-emption

c. Joint Ventures:

d. Passive pre-emption

Feedback

The correct answer is: Passive pre-emption.

Question43

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_____ depends on the organizations operational factors like its

structure,culture,resources,competencies, technology

Select one:


b. Strategic Analysis

c. Strategic Choice


Feedback

The correct answer is: Strategy Implementation.

Question44

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82/152

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Question47

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____________ is designed to also help communicate and measure goals and performance.

Select one:

a. Benchmarking

b. Strategy Analysis

c. Balanced Scorecard

d. Strategy Evaluation

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Question48

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___________ is of two types Assessing Strategic Thrust and Milestone Review

Select one:

a. Special alert control

b. Premise control

c. Strategic Surveillance


Feedback

The correct answer is: Implementation control.

Question49

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_____represents the relation between number of times a task is done and the cost incurred


83/152

in every repetition

Select one:

a. Experience Curve

b. BCG Approach

c. Competitive curved. Learning Curve

Feedback


Question50

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_________ level strategy answers the following questions:What are the needs of those

targeted customers that it will satisfy?

Select one:

a. Corporate

b. Operational

c. Functional

d. Business

Feedback


Question51

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Select one:

a. creditors

b. Shareholders

c. employees

d. Debtors

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Question52

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_______ Approach _ a behavior that does not interfere with the rights of others.

Select one:


b. Justice

c. Utilitarian

d. Competitive

Feedback

The correct answer is: Individual rights.

Question53

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Strategic plans at times get _________ and difficult to decipher.

Select one:

a. precise

b. over-informative

c. descriptive

d. informative

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The correct answer is: over-informative.

Question54

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_______ being the second largest conglomerate in India


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Select one:

a. Birla

b. TATA

c. Reliance

d. Wipro

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The correct answer is: TATA.

Question55

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____________ are also known as functional tactics.

Select one:


b. Business Level Strategy

c. Operational Level Strategy

d. Corporate Level Strategy

Feedback



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An objective should carry _______ theme at time.

Select one:

a. Four

b. Three

c. one

d. Two

Feedback

The correct answer is: one.

Question57


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_____ Objectives are relating to monetary aspects like present worth, future financial position

Select one:

a. Corporate

b. Strategic

c. Financial

d. Marketing

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Return on Assets = __________/Total Assets

Select one:

a. Total Equity

b. Gross Profitc. Net Profit

d. Total Profit

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Question59

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____ is Where the aim of the firm is to provide some sort of uniqueness in its products to

outshine the competing products

Select one:

a. Competitive advantage


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b. Substitution

c. Differentiation

d. Similarities

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The correct answer is: Differentiation.

Question60

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_________ is the motivator of the organization.

Select one:

a. Scope

b. Vision

c. Value

d. Mission

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Government

Select one:

a. 1947-1985

b. 1947-1987

c. 1947-1980

d. 1947 -1982

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Question62

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In _______ firms objectives are established for overall company as well as for each division.

Select one:

a. multi-international

b. multi-productline

c. multi-divisional

d. multi-diversified

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The correct answer is: multi-divisional.

Question63

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The objective of ___________ is to control efficiency, quality, innovation andcresponsiveness

to customers.

Select one:

a. Strategic control approach

b. Economic Valuec. Competitive advantage

d. Financial

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Examples of ______ are examples are the customer complaint process, the billing process,

the order fulfillment process, and the recruitment process

Select one:

a. Process Benchmarking


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_______________ fall depends upon the experience curve rate

Select one:

a. Learning Curve


c. Experience Curve

d. BCG Approach

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Question68

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IT Companies Along with business diversification these are also expanding through

_________ diversification

Select one:

a. Technology

b. Productc. Process

d. geographical

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The correct answer is: geographical.

Question69

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_________ resources are the ones which can be seen, touched, documented or quantified.

Select one:

a. Invisible

b. Intangible


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c. Material

d. Tangible

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The correct answer is: Tangible.

Question70

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Strategy is a direction and not a ________.

Select one:

a. plan

b. destination

c. Result

d. Action

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The correct answer is: plan.

Question71

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Business ___________ is a branch of study of ethical behavior in corporate world.

Select one:

a. Strategy

b. Behaviour

c. Custom

d. Ethics

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The correct answer is: Ethics.

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A __________ statement should speak loudly and clearly for them, elicit personal effort and

dedication and generate enthusiasm for the firms future _ strategy of the organization.

Select one:

a. Strategy

b. vision

c. Value

d. Mission

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In Building a Scorecard ____ Round Implementation {=Second ~First ~Third ~Fourth}

Answer:

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The correct answer is: workshop senior manager, direct subordinates, middle managers.

Question74

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________ objective relate to those objective that need to be accomplished in any time

beyond a 12 month period

Select one:

a. One time

b. long-range

c. Short-range

d. Medium-range

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The correct answer is: long-range.


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__________ Approach Decision makers should be equitable, fair and impartial.

Select one:


b. Justice

c. Competitive

d. Utilitarian

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The correct answer is: Justice.

Started onFriday, 25 July 2014, 11:49 AM


Time taken20 mins 59 secs




Question1

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Return on Assets = Net Profit/__________.

Select one:

a. Total Assets

b. Invested Capital

c. Net Loss

d. Total Laibility

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The correct answer is: Total Assets.


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Question2

Correct

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Examples of _______companies which implemented generic strategies are DuPont and

Texas Instrument

Select one:

a. Focus and Niche

b. Cost leadership

c. Competitive advantage

d. Differentiation

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The correct answer is: Cost leadership.

Question3

Correct

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Balanced Scorecard identifies _________ core processes:

Select one:

a. Seven

b. Six

c. five

d. four

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Question4

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________ are the parties interested in a companys financial status.

Select one:


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The limitations in the traditional long-term planning model lead to the development of

________ Scanning Model

Select one:

a. Performance

b. Strategic

c. Environmental

d. Result

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The correct answer is: Environmental.

Question8

Correct

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___________ answers how much profit a firm is making by the use of its assets

Select one:

a. Return on Assetsb. Economic value Added


d. Cash Flow

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The correct answer is: Return on Assets.

Question9

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TATA has a proper ____________ System in place to cater to the sensitive unsaid concerns

of its employees

Select one:


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a. Finance management

b. Human Resource

c. Export management

d. Marketing management

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The correct answer is: Human Resource.

Question10

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__________ planning is the Way to communicate the intent of management.

Select one:

a. Strategic

b. procurement

c. production

d. Functional

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Question11Correct

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___________ resources cannot be seen, touched, documented or quantified

Select one:

a. Material

b. Intangible

c. Visible

d. Tangible

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Question12


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__________ represents the competitive universe of the firm.

Select one:

a. Competitive profiling

b. operational model

c. Five Forces Model

d. Strategic Group Analysis

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Question13Correct

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_______________ fall depends upon the experience curve rate

Select one:


b. Learning Curvec. BCG Approach

d. Experience Curve

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Question14

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________ tries to evaluate the key cash generators of the business which are called value

drivers.

Select one:

a. Cash Flow


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b. Shareholder Value Analysis

c. Return on Assets

d. Economic value Added

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The correct answer is: Shareholder Value Analysis.

Question15

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The 7 elements of McKinseys model are Shared

values,Structure,System,Strategy,_______,Staff,Skill.

Select one:

a. socialize

b. scope

c. Style

d. Sensitivity

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The correct answer is: Style.

Question16

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Select one:

a. Mission

b. Vision

c. Value

d. All 3 options

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Question17

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Strategy formulation needs ________ factors to be considered.

Select one:

a. Two

b. four

c. three

d. five

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Question18

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Select one:

a. Marketing Executive

b. Board of Directors

c. Middle Level Managersd. Lower Level Managers

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Question19

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Select one:

a. prospective

b. indirect

c. future


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d. direct

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__________ is a set of values, beliefs, norms that are accepted by majority of people in the

organization.

Select one:

a. Culture

b. Policies

c. Quality book

d. Custom

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The correct answer is: Culture.

Question21

Not answered

Documents

Strategic Management Test.rtf