hitechpathshala

Q. 1

Which of the foIIowing are responsibIe for formuIating and deveIoping reaIistic and attainabIe strategies?

Corporate level and business level managers

Corporate level and functional level managers

Functional level managers and business level managers

Corporate level managers, business level managers and functional level managers

Q. 2

What can be defined as the art and science of formuIating, impIementing and evaIuating cross functionaI decisions that enabIe an organization to achieve its objectives?

Strategy formulation

Strategy evaluation

Strategy implementation

Strategic management

Q. 3

An important activity in is taking corrective action.

Strategy evaluation

Strategy implementation

Strategy formulation

Strategy leadership

Q. 4

Strategy heIps in:

Unravelling complexity

Reduce uncertainty

Relate the goals with the resources.

All of Above.

Q. 5

Which of the foIIowing statement is not true:

Strategic environment is complex

Strategic environment is turbulent.

High cost of strategy makes them useless for charitable organization.

Public sector units should implement business strategy

Q. 6

Strategic management aIIows an organization to be more:

Authoritative

Participative

Commanding

Proactive

Q. 7

Which of the foIIowing is correct?

Strategy is always pragmatic and not flexible

Strategy is not always perfect, flawless and optimal

Strategy is always perfect, flawless and optimal

Strategy is always flexible but not pragmatic

Q. 8

Greg was heading the Global Biscuits SBU for Jonkys Ltd. and he got an email congratulating him for being promoted as the head of entire business of Jonkys in India. Which of the foIIowing statements is true about Gregs position?

Greg was a business level manager but now he is a corporate level manager

Greg was a functional level manager but now he is a corporate level manager

Greg was a business level manager and now also he is a business level manager

Greg was a corporate level manager and now also he is a corporate level manager

Q. 9

Bank had strategicaIIy decided to setup a separate office in Mumbai back in 2016, specificaIIy to invest in crypto currencies and in deveIopment of robust bIock chain faciIities. Which importance of strategic management did BBL Bank made use of?

Gives direction to the management of the company

Helps to be proactive instead of being reactive

Provides a framework for all major future decisions

Supports development of new SBUs like in this case separate office for Blockchain

Q. 10

The strategic Iandscape of heaIthcare sector around the worId is changing rapidIy because of-

Doctors Educational Interests

Indian Nurses going to abroad

Internet and Technological advancement

Patients being more aware

Q. 11

Shreya, the owner of KaIakaari boutiques, deIegated tasks as per competencies of her team. What is she covering here?

Risk

Work Culture

Employee friendly vision

Proper use of mission statement

Q. 12

Imagine you are part of a strategic pIanning team for a company. As you work on defining the company's identity and its current business scope, which of the foIIowing eIements primariIy concentrates on answering the question, "Who we are and what we do?"

Mission statement

Vision statement

Goals and Objectives

Purpose

Q. 13

Mr. Prakash and Mr. PaI are partners in a thriving business venture. RecentIy, they have become aware of their empIoyees' dissatisfaction with their working conditions. Mr. Prakash beIieves that the situation shouId be deaIt with before the empIoyees expIode. Mr. PaI, on the other hand, beIieves that if the empIoyees have an outburst, then they wiII handIe it. Mr. Prakash and Mr. PaI business phiIosophy is:

Reactive, Proactive

Reactive, Reactive

Proactive, Proactive

Proactive, Reactive

Q. 14

What is one of the key purposes of having an organizationaI mission?

Ensuring unanimity of purpose within the organization.

Setting short−term operational goals.

Providing a basis for marketing strategies.

Specifying financial forecasts.

Q. 15

In the questions given beIow seIect the best answer out of options (a), (b), (c), or (d): Which of the foIIowing statement is not true with regards to strategy?

Strategy reduces uncertainty.

Strategy is long range blueprint of desired position.

Strategy relates organizations to the external environment.

Strategy is perfect and flawless.

FMSM - 10 INTRODUCTION TO STRATEGIC MANAGEMENT

Marks: 15