Strategic Management by Michelle M.

Esperal
Prelim Quiz 1
Completed on Saturday, 30 September 2023, 8:14 PM

Marks 20.00/20.00

Grade 100.00 out of 100.00

Question 1
Question text
It is a method or plan chosen to bring about a desired future, such as achievement of a goal
or a solution to a problem.
Select one:

A.

Techniques

B.

Strategy
C.

Plan
Question 2
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Johnson and Scholes three ways in strategies selection.
Answer: Selection against objectives, Referral to a higher authority, Partial Implementation

Question 3
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Without a perfect foresight, the firms must be ready to deal with the uncertain events which
constitute the business environment.
Select one:

True
False

Question 4
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Igor Chandler is the Father of Strategic Management.

Select one:

True

False

Question 5
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Strategy deals with long term developments rather than short-term operations.
Select one:

True

False

Question 6
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Igor Ansoff viewed 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.
Question 7
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Strategy is derived from the Greek word strategos, meaning military leader or general.
Select one:

True

False

Question 8
Question text
The systematic analysis of the factor associated with customers and competitors and the
organization itself to provide the basis for maintaining optimum management practices.

Select one:
A.

Strategic Management
B.

Scientific Management
C.

Systematic Management
Question 9
Question text
Strategy provides overall framework for guiding organizational thinking and action.
Select one:

True

False

Question 10
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Strategic Management serves as a foundation for all key decisions of the firm.
Select one:

True

False

Question 11
Question text
According to Igor Ansoff, strategy is organization’s pattern of response to its environment
over a period of time to achieve its goals and mission.”

Question 12

Question text
The systematic analysis of the factor associated with customers and competitors and the
organization itself to provide the basis for maintaining optimum management practices.
Answer: Strategic Management

Question 13

Question text
It is the framework used to evaluate a company's competitive position and to
develop strategic planning.

Answer: SWOT analysis

Question 14
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SWOT stands for?
Answer: Strength, weaknesses, opportunities, threats

Question 15
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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.

Question 15Select one:

a.

Glueck

b.

Chandler

c.

Micheal Porter