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aspx

Paper Code : DMC-217

Roll No :..................................
Examination : JUNE 2021
2nd Year
Section A- Strategic Management
Section B- Entrepreneurship Development
Time : 1 Hours ] [ Max. Marks : 60

Instructions :-
Attempt All Questions. All questions carry equal marks.
Fill the 'Bubble' available in OMR Sheet to mark your Answer.
Only one option is correct out of all available option.
There is 1 mark for correct answer.
There is No Negative marking for incorrect answer.

1. The fundamental purpose for the existence of any organization is described by its
(A) policies
(B) mission
(C) procedures
(D) strategy
2. The acronym SWOT stands for
(A) Special Weapons for Operations Timeliness
(B) Services, Worldwide Optimization, and Transport
(C) Strengths Worldwide Overcome Threats
(D) Strengths, Weaknesses, Opportunities, and Threats
3. Which of the following is NOT a major element of the strategic management process?
(A) Formulating strategy
(B) Implementing strategy
(C) Evaluating strategy
(D) Assigning administrative tasks
4. _______ is the foundation of blue ocean strategy.
(A) Innovation
(B) Value creation
(C) Value innovation
(D) value cost trade-off
5. The primary focus of strategic management is:
(A) strategic analysis
(B) the total organisation
(C) strategy formulation
(D) strategy implementation.
6. The three organizational levels are:
(A) corporate level, business level, functional level
(B) corporate level, business unit level, functional level
(C) corporate strategy level, business unit level, functional level
(D) corporate strategy level, business level, specialist level
7. What is meant by the term ‘Stakeholder’?

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(A) A person who is not related with a business.

(B) A person who purchases the shares of a business.
(C) A person who owns a business.
(D) A person who is related with a business.
8. 1. Horizontal integration is concerned with
(A) Production
(B) Quality
(C) Product planning
(D) All of the above
9. Marketing Strategy is a type of
(A) Business level
(B) functional level
(C) Growth Strategy
(D) corporate strategy
10. __________ is not a strategy-implementation activity.
(A) Establishing annual objectives
(B) Taking corrective actions
(C) Allocating resources
(D) Motivating employees
11. Strategy evaluation is necessary because
(A) internal and external factors are constantly changing.
(B) the SEC requires strategy evaluation.
(C) competitors change their strategies.
(D) the IRS requires strategy evaluation.
12. What are guides to decision making?
(A) laws
(B) rules
(C) policies
(D) procedures
13. How do line managers become “owners” of the strategy?
(A) by attending top manager meetings
(B) by gathering information about competitors
(C) by buying off top managers
(D) c.by involvement in the strategic-management process
14. Which of the following SWOT elements are internal factors for a business?
(A) Strengths and Weaknesses
(B) Opportunities and Threats
(C) Strengths and Opportunities
(D) Weaknesses and Threats
15. Which of the following is false regarding why a SWOT Analysis is used?
(A) To build on the strengths of a business
(B) To minimize the weaknesses of a business
(C) To reduce opportunities available to a business
(D) To counteract threats to a business

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16. How often should a SWOT Analysis be performed?

(A) Only when specific issues need to be addressed
(B) At least once per year
(C) Only when the business starts
(D) Every 3-5 years
17. Which of the following could be a strength?
(A) Weather
(B) A new international market
(C) A price that is too high
(D) The location of a business
18. Which of the following could be a weakness
(A) A developing market such as the Internet
(B) Competitors with access to better channels of distribution
(C) Poor quality of goods and services
(D) Special marketing expertise
19. Who usually conducts a SWOT Analysis for a business?
(A) Financial Institutions/Banks
(B) Lawyers
(C) Employees
(D) Managers
20. Which of the following can be best described as short-term in nature?
(A) Mission statements
(B) Annual objectives
(C) Strategies
(D) Vision statement
21. During which stage of strategic management, firm’s specific internal strengths and weaknesses are
determined?
(A) Formulation
(B) Implementation
(C) Evaluation
(D) Feedback
22. Which statement is CORRECT about strategic-management process?
(A) It is a continuous process
(B) It applies mostly to large business
(C) It applies mostly to small businesses
(D) None of these
23. Ethnic balance is affected due to which of the following?
(A) Awareness of ethnic norms
(B) Migration of the people towards different areas
(C) Introduction of new laws relating to ethnicity
(D) None of these
24. Which of the following are developed in strategy implementation phase of strategic management?
(A) Vision and mission
(B) Strengths and weaknesses
(C) Opportunities and threats

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(D) Annual objectives

25. Which of the following statement is TRUE about a Vision statement of a company?
(A) It concentrates on future
(B) It defines the customers
(C) It identify critical processes
(D) None of these
26. Which of the following is the best example for achieving long-term objectives?
(A) Strategies
(B) Opportunities
(C) Strengths
(D) Policies
27. Which type of trend can be exemplified by the increase in average level of education in a society?
(A) Social
(B) Economic
(C) Cultural
(D) None of these
28. Principles of conduct that guide decision-making are known as:
(A) Human rights
(B) Business ethics
(C) The constitution
(D) Social responsibility
29. Which is advantage of the merging from buyer"s point of view?
(A) To take balance in product line
(B) To raise the price value of company"s stock
(C) To make better investment
(D) All of the above
30. What is the process by which individuals pursue opportunities without regard to resources they currently
control?
(A) Startup management
(B) Entrepreneurship
(C) Financial analysis
(D) Feasibility planning
31. Which one is not the barriers of Enterpreneurship:
(A) Lack of technical skills
(B) Political instability
(C) Technical knowledge
(D) Time pressure and distractions
32. Which could provide an individual with the motivation to start a new business venture?
(A) The financial rewards
(B) A desire to be independent.
(C) Risk taking
(D) All the above
33. The term “entrepreneurs” was applied to business initially by the French economist in the 18th century:
(A) Cantillon
(B) Jan Tinbergen

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(C) J.S.Mill
(D) None
34. Which of these statements best describes the context for entrepreneurship?
(A) Entrepreneurship takes place in small businesses
(B) Entrepreneurship takes place in large businesses
(C) Entrepreneurship takes place in a wide variety of contexts
(D) Entrepreneurship does not take place in social enterprises
35. Which of the following is alternatively called corporate venturing?
(A) Entrepreneurship
(B) Intrapreneurship
(C) Act of stating a new venture
(D) Offering new products by an existing company
36. Which one of the following is the next stage to the Concept Stage of Product Planning and Development
Process?
(A) Idea Stage
(B) Product Planning Stage
(C) Product Development Stage
(D) Test Marketing Stage
37. Which of the following factors would not be included in a PESTLE analysis?
(A) Government re-cycling policy
(B) Proposed reduction in interest rates
(C) Competitor activity
(D) Demographic changes
38. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and
generally has lower barriers to market entry?
(A) Distribution
(B) Service
(C) Manufacturing.
(D) Agriculture
39. Why should an entrepreneur do a feasibility study for starting a new venture?
(A) To see if there are possible barriers to success
(B) To identify possible sources of funds
(C) To estimate the expected sales
(D) To explore potential customers
40. Which of the following shows the process of creating something new?
(A) Business model
(B) Modeling
(C) Creative flexibility
(D) Innovation
41. What is the need of entrepreneurship:
(A) For new innovation
(B) To fill gap in growth
(C) For healthy competition
(D) All of above

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42. Which of the following is positive external trends or changes that provide unique and distinct possibilities
for innovating and creating value?
(A) Strengths
(B) Opportunities
(C) Weaknesses
(D) Threats
43. Which one of the following is an advantage of the small firm in the innovation process?
(A) Ability of the entrepreneur to carry out multiple tasks
(B) Ability to raise finance
(C) Ability to carry out R and D
(D) Ability of the entrepreneur to act on new ideas or product development
44. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction.
(A) Development of a new product
(B) Take-over of a competitor
(C) Issuing shares
(D) Selling a product
45. What is the need of entrepreneurship.
(A) For new innovation
(B) To fill gap in growth
(C) For healthy competition
(D) All of above
46. Entrepreneurship can be defined as:
The act of initiating, creating, building, expanding and sustaining a venture and gathering The necessary
(A)
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
The act of creating, building, expanding and sustaining a venture, building an entrepreneurial team and
(B) gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and
capital gain
The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial
(C) team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term
wealth and capital gain
The act of initiating, creating, building, building an entrepreneurial team and gathering the necessary
(D)
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
47. What is the primary concern of founders who trade equity for capital for their growing venture?
(A) Capitalization
(B) Control
(C) Valuation
(D) Investor capabilities
48. Which of the following factors does not affect a person for being an entrepreneur?
(A) Work history
(B) Nationality
(C) Education
(D) Personal values
49. Which of the following areas are preferred by women entrepreneurs?
(A) Administration
(B) Organization
(C) Utilities

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(D) Manufacturing
50. Which one of the following is the fourth step in the entrepreneurial process?
(A) Developing successful business ideas
(B) Initiating New rules
(C) Deciding to become an entrepreneur
(D) Growing the entrepreneurial firm
51. Developing a new idea through inquiry and testing is called:
(A) Forced relationship
(B) Heuristics
(C) Scientific method
(D) Value analysis
52. Which of the following is not a source of idea generation?
(A) Consumers
(B) job analyst
(C) Brain storming
(D) Training
53. Entrepreneurial development is the key to achieve all-round __________ through acceleration of
industrial and entrepreneurial activities.
(A) economic development
(B) increase in profits
(C) shareholders value
(D) business development
54. EDP (Entrepreneurship Development Programmes) is required to help:
(A) Existing entrepreneurs
(B) First generation entrepreneurs
(C) Future generations entrepreneurs
(D) None of the above
55. Which of the following is used by entrepreneurs to acquire experience in an international market before
making a major commitment.
(A) Minority interest
(B) Joint venture
(C) Merger
(D) Majority interest
56. Which of the following is a graphical representation of the various activity and event relating to a project.
(A) Network analysis
(B) Scheduling technique
(C) Logical Model
(D) Network Diagram
57. The goals should be ____________ for the success of business plan.
(A) Generalized
(B) Specific
(C) Limitless
(D) Imaginary
58. A corporate manager who starts a new initiative for their company which entails setting up a new distinct
business unit and board of directors can be regarded as?

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(A) Ecopreneur
(B) Technopreneur
(C) Intrapreneur
(D) Social Entrepreneur
59. Which is not the basis for differentiation ?
(A) Product
(B) Prize
(C) Organization
(D) Economic of scale
60. An organization using ________ strategy may concentrated on a particular group of customer geographic
markets or particular product line segment.
(A) Cost Leadership
(B) Differentiation
(C) Focused
(D) None of these

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