Riphah International University

Faculty of Management Sciences

Course: MS- Strategic Management Quiz No.__1 __ (Corona)

Semester: Spring 2020 Marks: ___ 10 _____

Name: ______________________________________________ CMS: ________

Instructions: Change the colour of correct answer to RED

1- Strategic Management (SM) is the Art & science of ________________________

cross-functional decisions that enable an organization to achieve its objectives.
a. Formulating,
b. Implementing
c. Evaluating
d. All of the Above
2- The purpose of SM is to exploit and create new and different __________ for
tomorrow.
a. Leaders
b. Opportunities
c. Roles
d. None of the Above
3- Vision represents ________________________of an Organization.
a. Expansion Plan
b. Ultimate Aim/objective
c. Organizational Structure
d. Corporate Social Responsibility
4- Four important elements/tools of Strategy Implementation are (i) Annual Objectives
(ii) Policies (iii) Employee Motivation (iv) ______________.
a. Marketing Plan
b. Resource Allocation
c. Shareholders’ Interest
d. None of the Above
5- Four important elements/tools of Strategy Evaluation are (i) Internal Review (ii)
External Review (iii) _________________(iv) Corrective action
a. Employees feedback
b. Cost of Sales review
c. Performance Measurement
d. Production Capacity Review
6- Intuition is based on (i) ______________(ii) Judgement (iii) Feelings
a. Past Experience
b. Market Reports
c. Media Feedback
d. Government Regulations
7- Organizations should continually monitor ______________ trends so that timely
changes can be made as needed.
a. Production and Marketing
b. Revenue and Expenses
c. Employees’ Satisfaction and Commitment
d. Internal and external
8- A strategist tackles information through three stages: (I) Gathering information (ii)
analysing information (iii) organizing information
9- Strategic Management is Gaining and Maintaining _______________
a. Market Share
b. Profitability
c. Competitive advantage
d. Market Reputation
10- Fail to plan is ____________ to fail
a. Bound
b. Destined
c. Plan
d. Intended