Strategic Management

1. Business is an
(a) Economic activity (b) Social activity
(c) Social as all as economic (d) None of the above
2. Policies exist at
(a) Top level of an organisation (b) Lower level
(c) Middle level (d) All the above
3. Policies are developed at
(a) Individual level (b) Corporate level
(c) Government (d) None of the above
4. Strategy is a
(a) Top management decision (b) Carefully crafted plan
(c) Course of action (d) All the above
5. Developing vision, mission, objectives, and value system is the
(a) Second step in strategic management (b) Third step in strategic management
(c) First step in strategic management (d) None of the above
6. Corporate level strategies are formulated by
(a) CEOs (b) BODs
(c) Senior executive (d) All the above
7. Strategic management process involves
(a) Three steps (b) Four steps
(c) Five steps (d) Six steps
8. All are involved in strategy formulation, except
(a) Account (b) SBU level manger
(c) Consultants (d) Senior managers

9. Identify the technique available for enhancing strategic thinking

(a) BCG matrix (b) Dialectic Inquiry
(c) SWOT analysis (d) All the above
10. Systematic errors arise due to biases in the form of
(a) Prior hypothesis (b) Illusion of control
(c) Reasoning by analogy (d) All the above

11. One of the following is not the attributes of strategic intent,

(a) Sense of Direction (b) Sense of Discovery
(c) Sense of Destiny (d) Sense of Coordination.
12. Select the correct expansion of SMART.
(a) Specific, measurable, appropriate, realistic, timely.
(b) Specific, manageable, allowable, realistic, timely.
(c) Super, measurable, appropriate, replaceable, transferable.
(d) Suitable, measurable, appropriate, realistic, timely.
13. Identify the one that is not there in strategic
intent,
(a) Budget (b) Vision
 (c) Mission (d) Objectives.
14. All are the characteristics of objectives.
(a) Specific (b) Appropriate
(c) Manageable (d) Realistic
(e) Timely
15. All approaches for determining objectives, except
(a) Tow-down (b) Bottom-up
(c) Vertical (d) None of these
16. The following is one of the components of recent mission statements,
(a) Product (b) Business
(c) Customer (d) Technology
17. Economic objectives are_______for any business firm
(a) Must (b) Discretionary
(c) Ethical (d) All the above

18. Identify the socio-cultural factor.

(a) Marriage (b) Water availability
(c) GDP (d) Union Laws
19. All are the forces given by Porter, except
(a) Suppliers (b) Buyers
(c) Complimentors (d) Substitutes
20. All are components of computer hardware industry, except
(a) Modern (b) Personal computers
(c) Mainframe industry (d) Hand held computer industry
21. All are ecological factors, except
(a) Communication (b) Transportation
(c) Mining and Drilling (d) Genetic Engineering
22. All are sources of entry barriers except:
(a) Size of firm (b) Economics of kale
(c) Switching cost (d) Government policy

23. From the following, identify the demographic factors

(a) Interest rate (b) Housing conditions
(c) Education (d) Tax laws
24. From the following, identify trading block
(a) KFS (b) BCG
(c) EU (d) TOWS
25. Identify the new forces driving new economy
(a) Digitalisation (b) Deregulation
(c) Knowledge (d) All the above