M.com part 1 strategic management mcq pdf
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Strategic Management
Advanced Cost Accounting
ECONOMICS OF GLOBAL TRADE AND FINANCE
ADVANCED FINANCIAL ACCOUNTING
HUMAN RESOURCE MANAGEMENT
1.
The process of forecasting an organization’s future demands
for and supply of right type of people in right number is
(A)
Product
planning
(B)
Process
planning
(C)
Man
power planning
(D)
All
of the above
ANS: C
2.
It is designed to monitor a broad range of events inside
and outside the company that are likely to threaten a firm’s strategy
(A)
Strategic
surveillance
(B)
Strategic
planning
(C)
both
‘A’ and ‘B’
(D)
None
of the above
ANS: A
3.
Horizontal
integration is concerned with
(A)
Production
(B)
Quality
(C)
Product planning
(D)
All of the above
ANS: A
4.
It
refers to formal and informal rules, regulations and procedures that complement
the company structure
(A)
Strategy
(B)
Systems
(C)
Environment
(D)
All of the above
ANS: B
5.
Micro
environment is the ………. environment of a company.
(A)
Working
(B)
Human
(C)
External
(D)
Internal
ANS: D
6.
Techniques
used in environmental appraisal are
(A)
single-variable
extrapolation/multivariable interaction analysis
(B)
Structured/ unstructured
expert/inexpert opinion
(C)
Dynamic modes and mapping
(D)
All of the above
ANS: D
7.
It
enables the strategists to take corrective action at the right time
(A)
Implementation control
(B)
Special alert control
(C)
Strategic Surveillance control
(D)
Premise control
ANS: D
8.
Like
roots of a tree, ________of organization is hidden from direct view.
(A)
Performance
(B)
Strategy
(C)
Core competence
(D)
All of the above
ANS: C
9.
Changes
in company ………. also necessitates changes in the systems in various degrees
(A)
structure
(B)
system
(C)
strategy
(D)
turnover
ANS: B
10.
The
actual performance deviates positively over the budgeted performance. This is
an indication of ……….. performance.
(A)
superior
(B)
inferior
(C)
constant
(D)
any of the above
ANS: A
11.
Criteria
for making an evaluation is (are)
(A)
Consistency with goals
(B)
Consistency with environment
(C)
Money
(D)
All of the above
ANS: D
12.
The ………. of any organization is “the aggregate
of all conditions, events and influences that surround and affect it.”
(A)
system
(B)
environment
(C)
structure
(D)
strategy
ANS: B
13.
Strategic
management is mainly the responsibility of
(A)
Lower management
(B)
Middle management
(C)
Top management
(D)
All of the above
ANS: C
14.
The
major issue(s) of appraisal system is (are)
(A)
Factors of appraisal
(B)
Relevance of appraisal
(C)
Procedure of appraisal
(D)
All of the above
ANS: D
15.
They
have time based utility
(A)
Goals
(B)
Resources
(C)
both ‘A’ and ‘B’
(D)
None of the above
ANS: C
16.
Formal
systems are adopted to bring ________ & amalgamation of decentralized units
into product groups.
(A)
Manpower
(B)
Co-ordination
(C)
Production
(D)
All of the above
ANS: B
17.
Change in company’s ………. gives rise to problems
necessitating a new ……… to be made
(A)
structure,
strategy
(B)
strategy,
structure
(C)
structure,
structure
(D)
strategy,
strategy
ANS: B
18.
Systems are formal and informal rules and regulations that
complement the company ………..
(A)
strategy
(B)
structure
(C)
system
(D)
environment
ANS: B
19.
The reasons for acquisition are
(A)
Increased
market power
(B)
Increased
diversification
(C)
Increased
speed to market
(D)
All
of the above
ANS: D
20.
Market research is conducted by
(A)
By
employees
(B)
By
research agencies
(C)
By
consultants
(D)
all
of the above
ANS: D
21.
Harvest strategy is used for
(A)
Dogs
(B)
Question
marks
(C)
both
‘A’ and ‘B’
(D)
none
of the above
ANS: C
22.
These are critical situations that occur unexpectedly and
threaten the course of a firm’s strategy
(A)
Crisis
(B)
Emergency
(C)
Shutdown
(D)
All
of the above
ANS: A
23.
Attack strategies are
(A)
frontal
attack
(B)
flank
attack
(C)
encirclement
attack
(D)
all
of the above
ANS: D
24.
To
find out what an organization’s strategy is, you should:
a) Read the mission statement
b) Look at what the organization
actually does
c) Read the strategic plan
d) Ask the CEO
ANS: B
25.
Which
of the following statements is not true when describing a successful strategy?
a) It provides some property
that is unique or distinctive
b) It provides the means for
renewing competitive advantage
c) It addresses changes in the
external environment
d) It guarantees long term
survival
ANS: D
26.
In
the context of strategic management resources can be defined as:
a) The knowledge and skills
within the organization
b) Something that an
organization owns or controls that cannot be copied
c) Something that an
organization owns, controls or has access to on a semi-permanent basis
d) The physical assets of the
organization
ANS: C
27.
In
the context of strategic management, stakeholders can be defined as:
a) An individual or group with
a financial stake in the organization
b) An external individual or
group that is able to impose constraints on the organization
c) Internal groups or
individuals that are able to influence strategic direction of the organization
d) An individual or group with
an interest in the organization’s activities and who seeks to influence them
ANS: D
28.
Corporate
governance is concerned with:
a) Executive remuneration,
disclosure of information, auditing and accounting procedures, and
organizations’ management structures
b) Elections to the board of
directors
c) Relationships with national
governments
d) Corporate-level strategy
ANS: A
29.
The
principal-agent problem is concerned with:
a) Procurement
b) Appropriation of
shareholders’ investment by a firm’s managers
c) How to control a firm’s
distributors and dealers
d) Corporate social
responsibility
The process of forecasting an organization’s future demands
for and supply of right type of people in right number is
(A)
Product
planning
(B)
Process
planning
(C)
Man
power planning
(D)
All
of the above
ANS: C
2.
It is designed to monitor a broad range of events inside
and outside the company that are likely to threaten a firm’s strategy
(A)
Strategic
surveillance
(B)
Strategic
planning
(C)
both
‘A’ and ‘B’
(D)
None
of the above
ANS: A
3.
Horizontal
integration is concerned with
(A)
Production
(B)
Quality
(C)
Product planning
(D)
All of the above
ANS: A
4.
It
refers to formal and informal rules, regulations and procedures that complement
the company structure
(A)
Strategy
(B)
Systems
(C)
Environment
(D)
All of the above
ANS: B
5.
Micro
environment is the ………. environment of a company.
(A)
Working
(B)
Human
(C)
External
(D)
Internal
ANS: D
6.
Techniques
used in environmental appraisal are
(A)
single-variable
extrapolation/multivariable interaction analysis
(B)
Structured/ unstructured
expert/inexpert opinion
(C)
Dynamic modes and mapping
(D)
All of the above
ANS: D
7.
It
enables the strategists to take corrective action at the right time
(A)
Implementation control
(B)
Special alert control
(C)
Strategic Surveillance control
(D)
Premise control
ANS: D
8.
Like
roots of a tree, ________of organization is hidden from direct view.
(A)
Performance
(B)
Strategy
(C)
Core competence
(D)
All of the above
ANS: C
9.
Changes
in company ………. also necessitates changes in the systems in various degrees
(A)
structure
(B)
system
(C)
strategy
(D)
turnover
ANS: B
10.
The
actual performance deviates positively over the budgeted performance. This is
an indication of ……….. performance.
(A)
superior
(B)
inferior
(C)
constant
(D)
any of the above
ANS: A
11.
Criteria
for making an evaluation is (are)
(A)
Consistency with goals
(B)
Consistency with environment
(C)
Money
(D)
All of the above
ANS: D
12.
The ………. of any organization is “the aggregate
of all conditions, events and influences that surround and affect it.”
(A)
system
(B)
environment
(C)
structure
(D)
strategy
ANS: B
13.
Strategic
management is mainly the responsibility of
(A)
Lower management
(B)
Middle management
(C)
Top management
(D)
All of the above
ANS: C
14.
The
major issue(s) of appraisal system is (are)
(A)
Factors of appraisal
(B)
Relevance of appraisal
(C)
Procedure of appraisal
(D)
All of the above
ANS: D
15.
They
have time based utility
(A)
Goals
(B)
Resources
(C)
both ‘A’ and ‘B’
(D)
None of the above
ANS: C
16.
Formal
systems are adopted to bring ________ & amalgamation of decentralized units
into product groups.
(A)
Manpower
(B)
Co-ordination
(C)
Production
(D)
All of the above
ANS: B
17.
Change in company’s ………. gives rise to problems
necessitating a new ……… to be made
(A)
structure,
strategy
(B)
strategy,
structure
(C)
structure,
structure
(D)
strategy,
strategy
ANS: B
18.
Systems are formal and informal rules and regulations that
complement the company ………..
(A)
strategy
(B)
structure
(C)
system
(D)
environment
ANS: B
19.
The reasons for acquisition are
(A)
Increased
market power
(B)
Increased
diversification
(C)
Increased
speed to market
(D)
All
of the above
ANS: D
20.
Market research is conducted by
(A)
By
employees
(B)
By
research agencies
(C)
By
consultants
(D)
all
of the above
ANS: D
21.
Harvest strategy is used for
(A)
Dogs
(B)
Question
marks
(C)
both
‘A’ and ‘B’
(D)
none
of the above
ANS: C
22.
These are critical situations that occur unexpectedly and
threaten the course of a firm’s strategy
(A)
Crisis
(B)
Emergency
(C)
Shutdown
(D)
All
of the above
ANS: A
23.
Attack strategies are
(A)
frontal
attack
(B)
flank
attack
(C)
encirclement
attack
(D)
all
of the above
ANS: D
24.
To
find out what an organization’s strategy is, you should:
a) Read the mission statement
b) Look at what the organization
actually does
c) Read the strategic plan
d) Ask the CEO
ANS: B
25.
Which
of the following statements is not true when describing a successful strategy?
a) It provides some property
that is unique or distinctive
b) It provides the means for
renewing competitive advantage
c) It addresses changes in the
external environment
d) It guarantees long term
survival
ANS: D
26.
In
the context of strategic management resources can be defined as:
a) The knowledge and skills
within the organization
b) Something that an
organization owns or controls that cannot be copied
c) Something that an
organization owns, controls or has access to on a semi-permanent basis
d) The physical assets of the
organization
ANS: C
27.
In
the context of strategic management, stakeholders can be defined as:
a) An individual or group with
a financial stake in the organization
b) An external individual or
group that is able to impose constraints on the organization
c) Internal groups or
individuals that are able to influence strategic direction of the organization
d) An individual or group with
an interest in the organization’s activities and who seeks to influence them
ANS: D
28.
Corporate
governance is concerned with:
a) Executive remuneration,
disclosure of information, auditing and accounting procedures, and
organizations’ management structures
b) Elections to the board of
directors
c) Relationships with national
governments
d) Corporate-level strategy
ANS: A
29.
The
principal-agent problem is concerned with:
a) Procurement
b) Appropriation of
shareholders’ investment by a firm’s managers
c) How to control a firm’s
distributors and dealers
d) Corporate social
responsibility
ANS: B
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