Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy
Last Answer : mission
Description : The fundamental purpose of an Organization’s Mission statement is to : A. Create a good human relations climate in the Organization B. Define the Organization’s purpose in Society C. Define the operational structure of the Organization D. Generate good public relations for the Organization
Last Answer : Define the Organization’s purpose in Society
Description : Which of the following are elements of International Strategy framework? A. Trade policies B. Lingual Advancements C. Economic Stability D. Climatic conditions
Last Answer : Trade policies
Description : For the purpose of expressing negativeassurance in the review report, the practitioner should obtain sufficient appropriate evidence primarily through a. Inquiry and confirmation b. Confirmation and ... d. Analytical procedures and substantive tests of details of transactions and account balances
Last Answer : Inquiry and analytical procedures
Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness
Last Answer : Through establishing their uniqueness
Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.
Last Answer : Through establishing their uniqueness.
Description : When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? a) Transnational b) Global c) Multi-national d) Global-local
Last Answer : Transnational
Description : One of the fundamental Strategy evaluation activities is reviewing external and internal factors that are the bases for current strategy
Last Answer : True
Description : Competitive advantage can best be described as : A. Increased Efficiency B. What sets an Organization apart C. A strength of the organization D. Intangible Resources
Last Answer : Increased Efficiency
Description : When we classify managers according to their level in the organization they are described as _______. (a) Functional, staff and line managers (b) Top managers, middle managers and supervisors (c) High level and lower level managers ; (d) General managers and administrative managers
Last Answer : (b) Top managers, middle managers and supervisors
Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options
Last Answer : All of these options
Description : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional
Description : To find out what an organization's strategy is, you should: a) Read the mission statement b) Look at what the organization actually does c) Read the strategic plan d) Ask the CEO
Last Answer : Look at what the organization actually does
Description : A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation
Last Answer : Vision
Description : The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation
Last Answer : The total Organization
Description : Four major areas can be identified as being subjected to change in BPR are as follows: A. organization, technology, strategy, and people B. organization,infrastructure,resources,people C. technology,finance,machines,people D. strategy,technology,methods,organization
Last Answer : A. organization, technology, strategy, and people
Description : Optimizing for tomorrow, the trends of today is the purpose of Strategy
Last Answer : False
Description : The purpose of a SWOT Analysis is to analyse ----------- : A. The strategic capability of an Organization B. External and Internal Environments C. The Business Environment and the strategic capability of a Firm relative to Competitors D. The Business Environment in which an Organization operates
Last Answer : The Business Environment and the strategic capability of a Firm relative to Competitors
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : Which of the following are drivers of Internationalization? A. Global customers B. Host Government policies C. Transferable marketing D. All of the above
Last Answer : All of the above
Description : Which of the following are drivers of Internationalization? A. Country specific migrants B. Trade policies C. Lingual Advancements D. All of the above
Description : Which of the following is not a part the Macro Environment? a. Laws & Policies b. Demographics c. Suppliers d. Social Values
Last Answer : Suppliers
Description : What are the means by which long-term objectives could be achieved? A. Strategies B. Policies C. Strengths D. Opportunities
Last Answer : Strategies
Description : Standing plans that furnish broad guidelines for channeling management thinking in specified direction are called (a) Single-use plans ; (b) Programs ; (c) Procedures ; (d) Policies
Last Answer : (d) Policies
Description : Which of the following sentences best summarizes the differences between the red and blue oceans strategies? A. Red oceans are about avoiding head-to-head competition while blue oceans are ... are occasionally created well beyond existing industry boundaries. D. All the above options are valid
Last Answer : In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are known. Blue oceans are occasionally created well beyond existing industry boundaries.
Description : Which of the following sentences best summarizes the differences between the red and blue oceans strategies? A. Red oceans are about avoiding head-to-head competition while blue oceans are ... occasionally created well beyond existing industry boundaries. D. All the above options are valid
Last Answer : In the red oceans, industry boundaries are defined and accepted and the competitive rules of the game are known. Blue oceans are occasionally created well beyond existing industry boundaries
Description : Surroundings are ___________ needs. (a) Existence ; (b) Relatedness ; (c) Growth ; (d) None of the Above
Last Answer : (c) Growth ;
Description : Needs that impel creativity and innovation, along with the desire to have a productive impact on our surroundings are ___________ needs. (a) Existence ; (b) Relatedness ; (c) Growth ; (d) None of the Above
Description : What does ERG stand for? (a) Excellent, relationship, growth ; (b) Expectancy, real, exist (c) Employee, related, greatness ; (d) Existence, relatedness, growth
Last Answer : ; (d) Existence, relatedness, growth
Description : The existence of a Parallel Economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment
Last Answer : (2) makes the monetary policies less effective Explanation: In India, Black money refers to funds earned on the black market, on which income and other taxes has not been paid. Black money ... a policy. So, in nutshell, the existence of parallel economy erodes the effectiveness of monetary policies.
Description : The existence of a parallel economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment
Last Answer : (2) makes the monetary policies less effective Explanation: The existence of black money is injurious not just for tax revenues. It distorts the systematic resource allocation process and upsets the ... . So the existence of black money erodes the very rationale of growth behind monetary policies.
Description : The existence of a Parallel Economy or Black Money (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment
Last Answer : makes the monetary policies less effective
Description : Select the most accurate statement. Value is ----------- : A. Means value for money B. Is best described as the benefits the business chooses to give to customers through it's ... Is the benefits of a product / service as perceived by the customer D. Does not offer competitive advantage
Last Answer : Is the benefits of a product / service as perceived by the customer
Description : "To understand communication in a meeting, we need to investigate the roles, personalities and values of every participant, as well as review the minutes taken and actions resulting from previous meetings." Which ... here? (a) Socio-phychological ; (b) Cybernetic ; (c) Psychosocial ; (d) Pragmatic
Last Answer : ; (d) Pragmatic
Description : While considering the seven leadership styles described by the leadership continuum, all of the following are variables that need to be considered for a manager, EXCEPT, (a) manager's preferred style ... style based on knowledge. (d) manager's preferred style based on confidence in upper management.
Last Answer : (d) manager's preferred style based on confidence in upper management.
Description : In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options
Last Answer : Liquidation strategy:
Description : In this growth strategy, the company may seek new opportunities that have no relation with its current technology, products, or markets. A. Concentric diversification B. Horizontal diversification C. Conglomerate diversification D. None of these options
Last Answer : Conglomerate diversification
Description : For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using the following…. A. Market-penetration strategy B. Market development strategy C. Product-development strategy D. Diversification strategy
Last Answer : Market-penetration strategy
Description : Which of the following is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells ... Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products.
Last Answer : The British subsidiary of global insurance group Aviva develops a new product for the UK market
Description : Which of the following statements is not true when describing a successful strategy? Select one: a. It fulfills its CSR obligations. b. It provides the means for renewing competitive advantage c. It addresses changes in the external environment d. It guarantees long term survival
Last Answer : It fulfills its CSR obligations
Description : Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to ... be improved (d) The era of Operations Management will be succeeded by the era of scientific management
Last Answer : (c) Management must do more to improve the work environment and its processes so that quality can be improved
Description : If Coca-Cola wished to examine its general environment before constructing its business strategy, the company would explore all of the following environments except (a) Sociocultural ; (b) Knowledge ; (c) Global ; (d) Economic
Last Answer : (b) Knowledge ;
Description : The fundamental difference between cycles and seasonality is the (a) duration of the repeating patterns ; (b) magnitude of the variation (c) ability to attribute the pattern to a cause ; (d) all of the above
Last Answer : (a) duration of the repeating patterns ;
Description : What does the acronym ISDR stand for? a) International Significant Disaster Resources b) International Sustainable Development Report c) International Strategy for Disaster Reduction d) Intergovernmental Strategy for Developing Recreation
Last Answer : c) International Strategy for Disaster Reduction
Description : Which of the following is a disaster mitigation strategy? a. Constructing cyclone shelters b. Giving loans from banks c. Providing cheap electricity d. Providing school uniforms to children
Last Answer : a. Constructing cyclone shelters