1 The hierarchy of strategic intend includes
____________.
A.   Physical
Resources
B.   Material
C.   Vision
D.   Inventory
ANS: C
 
2 Strategy implementation requires ________
resources 
A.   Physical
Intangible
B.   Immaterial
C.   Inferior
D.   Quality
ANS: A
 
3 __________ refers to putting the
organization’s chosen strategy into action so as to achieve strategic goals and
objectives 
A.   Strategy
Formulation
B.   Strategy
Implementation
C.   Strategy
Evaluation
D.   Strategy
Planning
 ANS: B
 
 
4 Effective Strategic Management offers
______________ benefit to an organization 
Leads to disputes
A.   Achieve
organizational
B.   goals
C.   Adversely
affect
D.   corporate
image Huge Losses
ANS: B
 
5______ strategy is adopted by the firm when it
tries to hold on to their current position in the market
A.   Stability
B.   Growth
C.   Expansion
D.   Diversification
ANS: A
 
6 ______ strategy refers to dropping some of
the products, markets or functions of the firm 
A.   Turnaround
B.   Joint
Venture
C.   Divestment
D.   Merger
ANS: C
 
7___________ strategy refers to changing
product or business line 
A.   Diversification
B.   Market
Research
C.   Data Mining
D.   SWOT
ANS: A
 
8 Analysis of external business environment
enables to find out __________ of the firm
A.   strength
and weakness
B.   opportunity
and threat
C.   strength
and threat
D.   weakness
and opportunity
ANS: B
 
9 The internal environment factor of business
environment includes____________
A.   Management
Philosophy
B.   Customers
C.   Society
D.   Economic
Environment
ANS: A
 
10 The external environment factor of business
environment includes___________
A.   Management
Philosophy
B.   Customers
C.   Human
Resources
D.   Laboure
– Management Relationship
ANS: B
 
11 Business Environment is ______________.
A.   Simple
B.   Complex
C.   Static
D.   Still
ANS: B
 
12 The fundamental purpose for the existence of
any organization is described by its ____________
A.   Policies
B.   Mission
C.   Procedures
D.   Strategy
ANS: B
 
13 What is meant by the term ‘Stakeholder’?
A.   A
person who owns a business
B.   A
person who is not related with a business
C.   A
person who is related with a business
D.   A
person who purchases the shares of a business
ANS: C
 
14 Strategic management process activate in the
sequence of __________
A.   Environmental
scanning, Strategy formulation, Implementation, control and evaluation
B.   Strategy
formulation, Environmental scanning, Implementation, control and evaluation
C.   Environmental
scanning, Strategy Implementation, formulation, control and evaluation
D.   Strategy
formulation, Implementation, control, evaluation, Environmental scanning
ANS: A
 
15 Which of the following is part of the macro
environment?
A.   Technology
B.   Shareholders
C.   Competitors
D.   Channel
of Intermediaries
ANS: A
 
16 The word ‘strategy’ is taken from Greek word
____________ 
A.   Standard
B.   Strategist
C.   Stipulate
D.   Strategos
ANS: D
 
17__________ implies the blueprint of the
company’s future position 
A.   Supply
Chain
B.   Trading
C.   Vision
D.   HRM
ANS: C
 
18 Strategic Management facilitates
____________
A.   Poor
performance of business
B.   Environmental
Degradation
C.   Longevity
of Business
D.   Delay
in Decision Making
ANS: C
 
19 Strategic Management creates risk of
___________
A.   Achieve
organizational goals
B.   Selection
of best strategy
C.   Profit
Maximization
D.   Problem
of setting higher targets
ANS: D
 
20 Human Resources Strategy involves
____________
A.   Pricing
of product
B.   Quality
Management
C.   Financial
Management
D.   Recruitment
and Selection
ANS: D
 
21____________ is one of the techniqes of
Environmental Scanning 
A.   Tally
B.   MIS
C.   HRIS
D.   QUEST
ANS: D
 
22 cloth manufacturer enter into readymade
garment manufacturing is an example of ________________ diversification 
A.   Backward
B.   Forward
C.   Triangle
D.   Diagonal
ANS: B
 
23 In ______________ diversification,new
business of a company is indirectly related with existing business.
A.   Concentric
B.   Conglomerate
C.   Triangle
D.   Diagonal
ANS: A
 
24 __________ is a retrenchment strategy which
includes converting loss making unit into a profitable one
A.   Joint
Venture
B.   Turnaround
C.   Amalgamation
D.   Licensing
ANS: B
 
25 General Electric (GE) Matrix has __________
number of cells 
A.   6
B.   7
C.   8
D.   9
ANS: D