Strategic Management Questions
1-These people are charged with the responsibility of continuous screening of performance.
(A) Finance committee
(B) Audit committee
(C) Middle management
(D) Managers
2- ________ identifies the impact of any change on performance.
(A) Statistical process control
(B) Statistical quality control
(C) Both (A) and (B)
(D) None of the above
3- ___ company is generally protected from competition.
(A) Large
(B) Focused
(C) Small
(D) All of the above
4- An approach that strives to follow ethical principles and percepts is
(A) Ethical management
(B) Moral management
(C) Anger management
(D) None of the above
5-Economics of scale requires ___ .
(A) High market share
(B) Specialization
(C) Both (A) and (B)
(D) None of the above
6-The following is (are) kind(s) of information system
(A) Operational level system
(B) Knowledge level system
(C) Management level system
(D) All of the above
7- Export entry modes are
(A) direct/indirect export
(B) upper/lower export
(C) inside/outside export
(D) all of the above
8- GATT stands for ________.
(A) general agreement on taxes & tariff
(B) general agreement on trade & tariff
(C) general agreement on trade & transport
(D) none of the above
9- Strategic evaluation determines the effectiveness of ________ .
(A) Evaluation
(B) Strategy
(C) Product
(D) Manpower
10-________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
(A) Emotional quotient
(B) Self-awareness
(C) Both (A) and (B)
(D) None of the above
11- Strategic management is concerned with
(A) short-range planning
(B) medium-range planning
(C) long-range planning
(D) all of the above
12-Three C’s affecting today’s companies are
(A) Customer, Competition and Cost
(B) Customer, Cost and Change
(C) Customer, Competition and Change
(D) Cost, Competition and Change
13-Market research is conducted by
(A) by employees
(B) by research agencies
(C) by consultants
(D) all of the above
14- Delay in ________ measurement defeats the purpose of evaluation.
(A) Work
(B) Motion
(C) Time
(D) All of the above
15- Factor(s) to be considered while deciding candidates for divestiture is (are)
(A) Taxes
(B) Availability of buyers
(C) Market reaction
(D) All of the above
16- Style of a company are the patterns of actions taken by members of ___ over a period of time
(A) Lower management
(B) Middle management
(C) Top management
(D) All of the above
17- Associated external agencies means
(A) channel members
(B) customers
(C) suppliers
(D) all of the above
18- Strategic management is mainly the responsibility of
(A) Lower management
(B) Middle management
(C) Top management
(D) All of the above
19- Organizational model(s) is (are)
(A) multinational model
(B) international model
(C) global organizational model
(D) All of the above
20- Strategic management deals with
(A) Business process
(B) Business proposal
(C) Business ethics
(D) All of the above
ANSWERS:
1-(B), 2-(B), 3-(B), 4-(B), 5-(A), 6-(D), 7-(A), 8-(B), 9-(B), 10-(B), 11-(C), 12-(C), 13-(D), 14-(C), 15-(D), 16-(C), 17-(D), 18-(C), 19-(D), 20-(A)