Description : Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances ... a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.
Last Answer : a product or a process can be performed more cheaply at greater volume than at lesser volume.
Description : Core Competencies are the skills and abilities by which Resources are deployed through a Firm's activities and processes to enable the Company to ----------- : A. Survive B. ... imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position
Last Answer : Achieve Competitive Advantage in ways others cannot imitate
Description : In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them
Last Answer : An individual or group with an interest in the organization's activities and who seeks to influence them
Description : Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are ... Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors
Last Answer : Marketing & Sales is a support activity
Description : __________ is the form of departmentalization that groups similar jobs and activities into departments. (a) A product structure ; (b) A divisional structure ; (c) A matrix structure ; (d) A functional structure
Last Answer : (d) A functional structure
Description : A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this? (a) Geography Departmentalization ; (b) Process Departmentalization (c) Matrix/Project Departmentalization ; (d) Function Departmentalization
Last Answer : (b) Process Departmentalization
Description : Which of the following is the most common type of departmentalization? (a) Customer/Market Departmentalization ; (b) Function Departmentalization (c) Geography Departmentalization ; (c) Process Departmentalization
Last Answer : (b) Function Departmentalization
Description : Budgeting, paying the bills, and collection of funds are activities associated with the (a) management function ; (b) finance/accounting function (c) production/operations function ; (d) staffing function
Last Answer : (b) finance/accounting function
Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company
Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company
Description : Yalom's curative factors within a group often affect the interactions of members and the group as a whole in complex ways. As members begin experiencing and expressing feelings, Yalom would assert that __________ ... (a) Catharsis ; (b) Altruism ; (c) Interpersonal learning ; (d) Existential factor
Last Answer : (a) Catharsis ;
Description : Which of the following steps in the planning process should be completed before the others can be addressed? (a) Putting plans into action ; (b) Stating organizational objectives (c) Listing alternative ways of reaching objectives (d) Developing premises on which to base each alternative
Last Answer : (b) Stating organizational objectives
Description : In this growth strategy, the company would seek new products that have marketing or technological synergies with existing product lines appealing to a new group of customers. A. Concentric diversification B. Horizontal diversification C. Conglomerate diversification D. None of these options
Last Answer : Concentric diversification
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 : Cost Unit is defined as: (a) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed (b) A location, person or an item ... the responsibility of generating and maximising profits (d) Centres concerned with earning an adequate return on investment
Last Answer : Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
Description : ICT is used extensively in i) Wider access to learning and participation ii) Antisocial activities involving harassment of individuals iii) Flexibility to study where, when and how best suits individual needs and preferences iv) Both A & C
Last Answer : iv) Both A & C
Description : Which of the following activities is covered by Disaster management before, during or after a disaster? a) Reconstruction and Rehabilitation b) Mitigation c) Emergency response d) All the above
Last Answer : d) All the above
Description : Which is the nodal agency at the Indian Union Government for coordinating disaster management activities for all natural hazards? a. Minister of Home affairs b. Ministry of social justice and Empowerment c. Ministry of Science and Technology d. Ministry of Environment and Forests
Last Answer : a. Minister of Home affairs
Description : For coordinating disaster management activities for all natural hazards, the Nodal Agency at the Central Govt is the? a. Ministry of Home Affairs b. Ministry of Rural Development c. Ministry of Communication d. Ministry of Urban Ministry
Last Answer : a. Ministry of Home Affairs
Description : Which of the following activities is covered by Disaster Management before, during or after a disaster? a. Reconstruction and Rehabilitation b. Mitigation c. Emergency response d. All the above
Last Answer : d. All the above
Description : What are the major Hazard/disaster management related activities? a. Preparedness b. Response c. Recovery d. All of the above
Last Answer : d. All of the above
Description : International strategic options can be derived, from a consideration of geographical dispersion or concentration of various activities and.... A. Degree of international co-ordination B. Degree of Political Stability C. Degree of Competitive Advantage D. None of the above
Last Answer : Degree of international co-ordination
Description : Co-Creation includes ______________________? A. Staging of Customer Events B. Outsourcing of Activities to Customers C. All the above options D. None of these options
Last Answer : None of these options
Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid
Last Answer : Emergent strategy
Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources
Last Answer : Core competences
Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department
Last Answer : Formulates a clear defect reduction plan in the quality department
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 : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional
Description : This strategy develops over time, through everyday routines, activities and processes that may not be directly related to strategy development. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.
Description : A significant weakness of the multi-domestic arrangement is: a) dual reporting system. b) duplication of activities. c) cumbersome structure. d) does not respond to local needs
Last Answer : duplication of activities
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 : Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities ... d) benchmarking other multinational firms with similar corporate strategies or similar customers
Last Answer : benchmarking organizations with regards to specific business activities or processes
Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning
Last Answer : strategy-formulation
Description : Which of the following is typically NOT seen as being associated with strategic decision ? A. The Organization's long term direction B. The detailed planning of a Department's work over the ... and expectations of powerful players in the Organization D. The scope of the Organization's activities
Last Answer : The detailed planning of a Department’s work over the next month
Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning
Last Answer : Strategy Formulation
Description : Which of the following could be defined as a multinational company? A. A firm that owns shares in a foreign company but does not participate in the company's decision making. B. A UK based internet ... origin. D. A finance company transferring its HQ and all its activities from the UK to the US.
Last Answer : A firm owning a chain of supermarket outlets outside its country of origin.
Description : What one of the following is not the advantage of MNCs to the host country? A. Increase in social activities B. Increase in economic activities C. Utilization of natural resource D. R&D efforts enhanced.
Last Answer : Increase in social activities
Description : From the point of view of international business, an organization that enjoys competitive advantage in an industry has done so by: A. Focusing on long-term profit. B. Charging lower prices than competition. C. Creating superior value for customers. D. Constantly enlarging its marketing activities.
Last Answer : Creating superior value for customers.
Description : In time-cost optimization of a project, crashing is done. (A) On all the activities (B) On all the activities lying on the critical path (C) Only on activities lying on the ... critical activities and those that become critical at any stage of crashing in the order of ascending cost slope
Last Answer : D
Description : The ____________________ and ____________________ manage the supplier relations, monitor the vendor activities and manage the supplier quality in an organisation. A. Supplier management, ... processes C. Supplier management, control processes D. Supplier maintenance, customisation processes
Last Answer : C. Supplier management, control processes
Description : _________ concluded that managers perform 10 interrelated activities that relate to decision making, using information and interpersonal relationships. (a) Mintzberg ; (b) Abraham Maslow ; (c) Robert Owen ; (d) Henri Fayol
Last Answer : (a) Mintzberg ;
Description : ___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) (a) Benchmarking ; (b) Budgeting ; (c) Scheduling ; (d) Competitor intelligence
Last Answer : (b) Budgeting ;
Description : In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another ( ... without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities
Last Answer : (c) The amount of time an individual activity can be delayed without delaying the whole Project
Description : Which of the following functions or activities requires recruiting and placing qualified personnel needed for the organization so that it may achieve its objectives and goals? (a) Planning ; (b) Staffing ; (c) Organizing ; (c) Controlling
Last Answer : (b) Staffing ;
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 : Typically, in a global product structure: a) adaptation to local needs is high. b) marketing is the most important function. c) marketing is subservient to operations. d) operation is subservient to marketing
Last Answer : marketing is subservient to operations.
Description : Members within a group that share similar experiences and feelings are known to have…………. (a) Process ; (b) Universal ; (c) Content ; (d) Conflict
Last Answer : (b) Universal ;
Description : When the group disagrees, it is usually over how the work should get done. The type of conflict experienced by your group is: (a) task conflict. (b) relationship conflict. ; (c) process conflict. ; (d)traditional conflict.
Last Answer : ; (c) process conflict. ;