Description : While developing a company sales forecast, a marketer discovered a pattern in sales volume over the past ten years. Which sales forecasting technique was employed? A)surveys B)executive judgement C)time series analysis D)correlation methods
Last Answer : C)time series analysis
Description : The first phase of the Strategic Management process is forecast based planning
Last Answer : False
Description : The final step of the strategic management process is ___________. (a) Doing an internal analysis ; (b) Formulating strategies ; (c) Implementing strategies (d) Evaluating results
Last Answer : (d) Evaluating results
Description : Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D typically utilize a………. (a) short-range time horizon ; (b) long-range time horizon ; (c) naive method, because there is no data history ; (d) all of the above
Last Answer : (b) long-range time horizon ;
Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid
Last Answer : All of these options are valid
Description : The Strategic Management process should be addressed only by top-level Executives. Mid-level and Low-level Employees are best equipped to implement Co’s Strategies
Description : The Management Science Approach, includes A. Computer modelling & simulations B. Mathematical forecasting & projections C. Queuing theory D. All of these options are correct
Last Answer : All of these options are correct
Description : What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. ... d) The CAGE framework a checklist for forecasting political, economic, strategic or technological factors.
Last Answer : The CAGE framework analyses bilateral differences and commonalities between two countries.
Description : PESTLE analysis is: a) a broad framework to help managers understand the environment in which their business operates. b) a checklist to ask how political, economic, strategic or ... strategic or technological factors. d) a framework for strategic analysis of internal and external environment
Last Answer : a broad framework to help managers understand the environment in which their business operates.
Description : Strategic fit can be defined as: a) developing strategies based on opportunities and threats in the external environment. b) forecasting opportunities and threats in the external environment c) ... environment. d) matching the resources and activities of a firm to the external environment.
Last Answer : matching the resources and activities of a firm to the external environment.
Description : The forecasting model that pools the opinions of a group of experts or managers is known as the……… (a) sales force composition model ; (b) jury of executive opinion model (c) consumer market survey model ; (d) management coefficients model
Last Answer : (b) jury of executive opinion model
Description : Which of the following is not type of qualitative forecasting? (a) executive opinions ; (b) sales force composites ; (c) the Delphi method ; (d) moving average
Last Answer : Moving average
Description : The two general approaches to forecasting are…….. (a) qualitative and quantitative ; (b) mathematical and statistical (c) judgmental and qualitative ; (d) judgmental and associative
Last Answer : (a) qualitative and quantitative ;
Description : An operations manager is not likely to be involved in….. (a) the design of products and services to satisfy customers' wants and needs (b) the quality of products and services to satisfy customers' wants and needs (c) the identification of customers' wants and needs ; (d) forecasting sales
Last Answer : (c) the identification of customers' wants and needs ;
Description : The responsibilities of the operations manager include (a) planning, organizing, staffing, procuring, and reviewing (b) forecasting, designing, planning, organizing, and controlling (c) planning, organizing, staffing, leading, and controlling ; (d) designing and operating
Last Answer : (c) planning, organizing, staffing, leading, and controlling ;
Description : Eliminate, Reduce, Raise, Create (ERRC) Grid is a tool used in which of the following? A. Benchmarking B. Blue Ocean Strategy C. Business Process Re-engineering D. Balanced Scorecard
Last Answer : Blue Ocean Strategy
Description : The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult ... type of system. (d) That it provides more time for management to pursue other activities.
Last Answer : (b) That it appears to induce employees to accomplish more difficult goals and tasks.
Description : Which among the following is correct about goals in cryptography: a) Confidentiality - Only an authorized recipient should be able to extract the contents of the message from its encrypted form. Resulting from steps ... not be able to deny sending the message e) None of These f) All of the Above
Last Answer : f) All of the Above
Description : Which of the following emits dangerous radioactive wastes forcing the government to eliminate its use? (a) Nuclear energy (b) Water energy (c) Geothermal energy (d) Solar energy
Last Answer : (a) Nuclear energy
Description : An organization that seeks to eliminate the chain of command, have limitless spans of control, and replace departments with empowered teams is called a/an……….. (a) Cooperative organization ; (b) Virtual organization ; (c) Boundaryless organization (d) Modular organization
Last Answer : (c) Boundaryless organization
Description : You have decided to allow the conflict to exist so long as it doesn‟t hinder group performance. You will try to eliminate _____ conflict. (a) functional ; (b) dysfunctional (c) task ; (d) individualized
Last Answer : (b) dysfunctional
Description : Determine the correctness or otherwise of the following Assertion [a] and the Reason [r]. Assertion: Fast decoupled load flow method gives approximate load flow solution because it uses several assumptions. Reason: Accuracy ... the correct reason for [a]. c) [a] is false and [r] is true.
Last Answer : c) [a] is false and [r] is true
Description : Which of the following is the first step in starting the research process? (i) Searching sources of information to locate problem. (ii) Survey of related literature (iii) Identification of problem (iv) Searching for solutions to the problem
Last Answer : (ii) Survey of related literature
Description : Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process
Description : The final step in Strategic Management process is implementing the Objectives Answer : False
Description : The first step in the Strategic Management process is analyzing the External Environment
Description : The objective of governmental effectiveness or program auditing is to determine if the desired results of a program are being achieved. What is thefirst step in conducting such an audit? a. Identify the ... c. Determine the time frame to be audited. d. Evaluate the system used to measure results.
Last Answer : Evaluate the system used to measure results.
Description : _________ is the process of getting results accomplished through others. (a) Ordering ; (b) Mandating ; (c) Delegating ; (d) Working
Last Answer : (c) Delegating ;
Description : The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning
Last Answer : Make Strategic Decisions
Description : Multiple grounds have developed and were initialy indicated by the grounddetecting system as one ground. The FIRST step in locating the grounds is to _____________. A. examine the main bus bars ... no longer indicates any grounds C. change over generators D. check each circuit with a megohmmeter
Last Answer : Answer: B
Description : Departmentation by time is one of the oldest forms of departmentation, generally used at lower levels of the organization. Which of the following is not an advantage of departmentation ... results in improved coordination and communication (d) It results in a continuous cycle without interruption
Last Answer : (c) It mostly results in improved coordination and communication
Description : Seven step INSPIRE framework for BPR is developed by A. Guha B. Bhudeb Chakravarti C. Crystler D. Nolan
Last Answer : B. Bhudeb Chakravarti
Description : Which step in Maslow's Hierarchy of Needs Theory deals with achieving one's potential? (a) Self-actualization ; (b) Safety ; (c) Esteem ; (d) Physiological
Last Answer : (a) Self-actualization ;
Description : Effects of Telemedicine results in i) Medical assistants at the remote sites ii) Small hospitals can have hardware costs reduced iii) Research study and scope for medical and cost effectiveness iv) All of these
Last Answer : iv) All of these
Description : Urbanization usually results in an increase in flood frequency because ___________. a) Less water is able to runoff in streams b) Less water is able to infiltrate into the ground, so instead is ... humans and then discharged to streams d) Rainfall is greater in urban areas than in rural areas
Last Answer : b) Less water is able to infiltrate into the ground, so instead is discharged rapidly into streams
Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts
Last Answer : Select a set of short-term objectives that will achieve the most desirable results
Description : Select the incorrect statement. Harrison and Pelletier argued that managers should learn to avoid ... (a) Treating decisions with uncertain outcomes as though they had predictable results (b) ... and non-routine decisions. (d) Treating ad-hoc decisions as though they were everyday occurrences
Last Answer : (c) Mixing routine and non-routine decisions.
Description : Results of the Ohio State Leadership studies indicated that there are two major dimensions of leadership behaviour. What are they? (a) Achievement and structure ; (b) Consideration and structure (c) Consideration and power ; (d) Achievement and power
Last Answer : ; (b) Consideration and structure
Description : Which of the following is a strength of the divisional structure? (a) It focuses on results ; (b) It gains advantages due to work specialization (c) Employees have more than one boss ; (d) It is based solely on teams
Last Answer : (a) It focuses on results ;
Description : Which type of conflict-handling intention results in a person‟s withdrawing from conflict? (a) competing ; (b) avoiding ; (c) accommodating ; (d) compromising
Last Answer : Avoiding
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 : Besides testing the quality of the food itself, inspections should be made to determine the cleanliness ofa. Premises where food is handled and prepared b. Washing facilities c. Food storage facilities d. All of the above
Last Answer : d. All of the above
Description : Strategic Factors are those External and Internal Elements that would determine the future of the Corporation
Last Answer : True
Description : Business Policy is defined as the set of Managerial decisions and actions that determine the long run performance of a Corporation
Description : The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting ... home demand conditions; 2) home supply; 3) firm strategy; 4) related and supporting industries.
Last Answer : home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries
Description : What three broad factors determine global strategy of multinational firms? a) Local globalizing drivers, industry globalizing drivers, internal globalizing drivers b) Cultural globalizing ... orientation d) Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Last Answer : Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Description : …………is the dynamic organization within the individual that determine his unique adjustment to the environment (a) Perception ; (b) Attitude ; (c) Behavior ; (d) Personality
Last Answer : ; (d) Personality