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
(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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