Q. Forecasting tools can be broadly categorized into two groups. Those are:
a. Qualitative, Operational
b. Quantitative, Operational
c. Qualitative, Quantitative
d. Regression and time series analysis
Q. identifies a firm’s major competitors and their particular strengths and weaknesses in relation to a sample firm’s strategic position.
a. Competitive Profile Matrix
b. External Factor Evaluation matrix
c. Internal Factor Evaluation Matrix
d. Boston consulting group matrix
Q. Organizing means an identifiable group of people contributing their efforts towards the attainment of same goal. It is important at the time of:
a. Environmental scanning
b. Strategy formulation
c. Strategy Implementation
d. Strategy evaluation
Q. Which statement best describes intuition?
a. It represents the marginal factor in decision-making.
b. It represents a minor factor in decision-making integrated with analysis.
c. It should be coupled with analysis in decision-making.
d. It is better than analysis in decision-making.
Q. What are the means by which long-term objectives will be achieved?
a. Strategies.
b. Strengths
c. Weaknesses.
d. Policies.
Q. When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
a. economic
b. political
c. technological
d. competitive
Q. is not part of an external audit.
a. Analysing competitors
b. Analysing financial ratios
c. Analysing available technologies
d. Studying the political environment
Q. Typically, how many strategic decision levels are in the corporate decision-makinghierarchy?
a. 3
b. 4
c. could be more than 5
d. 2
Q. External assessment is performed in which of the strategic management phase?
a. Strategy formulation stage
b. Strategy implementation stage
c. Strategy evaluation stage
d. All of the given options
Q. Political variables have a significant effect on
a. Strategy formulation and implementation
b. Strategy formulation and evaluation
c. Strategy implementation and evaluation
d. Strategy formulation, implementation and evaluation
Q. Strategic decisions ostensibly commit the firm for
a. 1 -2 years
b. The short term
c. one years
d. A long time, typically five years
Q. Social responsibility is a critical consideration for a company’s strategic decision makers since
a. Stockholders demand it
b. The mission statement must express how the company intends to contribute to the societies that sustain it
c. It increases a company’s profits
d. It helps make decisions
Q. Which of the following are signs of weakness in a company’s competitive position?
a. A return-on-equity is below 25% and earnings per share of less than Rs. 2.00
b. A price set by the firm higher than its rivals
c. A declining market share, poor product quality and few sales in market
d. Lower revenues and profit margin and narrow product line than the market leader
Q. It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs.
a. Marketing
b. Opportunity analysis
c. Research and development
d. Management
Q. “Identifying and evaluating key social, political, economic, technological and competitive trends and events”. Which of the followings best describes this statement?
a. Developing an effective mission statement
b. Conducting an internal audit
c. Performing an external audit
d. Formulating strategy