Quiz 1

Question 1
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Johnson and Scholes three ways in strategies selection.

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The correct answer is: Selection against objectives, Referral to a higher

authority, Partial Implementation

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Question 2

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Strategic Management serves as a foundation for all key decisions of the firm.
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False
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The correct answer is 'True'.

Question 3
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It is the framework used to evaluate a company's competitive position and to

develop strategic planning.

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 Answer:
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The correct answer is: SWOT analysis

Question 4
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The systematic analysis of the factor associated with customers and competitors
and the organization itself to provide the basis for maintaining optimum
management practices.

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Select one:

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A. Strategic Management
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B. Scientific Management
C. Systematic Management
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The correct answer is: Strategic Management

Question 5
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SWOT stands for ?

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The correct answer is: Strength, weaknesses, opportunities, threats

Question 6
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Igor Chandler is the Father of Strategic Management.

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True
False
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The correct answer is 'False'.

Question 7

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Without a perfect foresight, the firms must be ready to deal with the uncertain
events which constitute the business environment.
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False
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The correct answer is 'True'.

ar stu

Question 8
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Strategy is derived from the Greek word strategos, meaning military leader or
general.
Select one:
True

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 False
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The correct answer is 'True'.

Question 9
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He defines strategy as a creation of a unique and valued position involving a

different activity from rivals or performs similar activities in different ways.

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a. Micheal Porter

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b. Glueck
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c. Chandler
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The correct answer is: Micheal Porter

Question 10
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It is a method or plan chosen to bring about a desired future, such as

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achievement of a goal or a solution to a problem.

Select one:
sh

A. Plan
B. Techniques
C. Strategy

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Your answer is correct.

The correct answer is: Strategy

Question 11
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The systematic analysis of the factor associated with customers and competitors
and the organization itself to provide the basis for maintaining optimum
management practices.

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Answer:

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The correct answer is: Strategic Management

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Question 12
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Answerviewed that in developing strategy, it was essential to systematically

anticipate future environmental challenges to an organization, and draw up
appropriate strategic plans for responding to these challenges.
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The correct answer is: Igor Ansoff

Question 13
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According toAnswer, strategy is organisation‘s pattern of response to its

environment over a period of time to achieve its goals and mission.”

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The correct answer is: Igor Ansoff

Question 14
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Strategy provides overall framework for guiding organizational thinking and

action.
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True

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False

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The correct answer is 'True'.

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Question 15 rs e
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Strategy deals with long term developments rather than short-term operations.
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True
False
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The correct answer is 'False'.

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