An approach to goal setting in which top management defines organizational goals and passes down to each successive level of organization is called:

• A) Top-down approach
• B) Inclusive approach
• C) Formal planning
• D) Contingency planning

Strategic management is the process of bringing about the strategy. The key activities in the strategic management process are:

• A) Planning, implementation ,evaluation
• B) Analysis, formulation, review
• C) Analysis, implementation, review
• D) Formulation, analysis, evaluation

"XYZ Company focuses solely on personal hygiene products like deodorant and body creams. What type of strategy is this?"

• A) Prospecting
• B) Focus
• C) Emergent
• D) Cost leadership

Which of the following is NOT one of Porter’s Five Forces?

• A) Market saturation
• B) Threat of new entrants
• C) Bargaining power of suppliers
• D) Competitive rivalry

When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used?

• A) Environmental planning
• B) Formal planning
• C) Informal planning
• D) Economic planning

Budget is drafted to achieve the:

• A) Financial goals
• B) Strategic goals
• C) Short-term goals
• D) Long-term goals

PERT Chart assists in ___________ the tasks within an organization.

• A) Evaluating
• B) Finalizing
• C) Scheduling
• D) Budgeting

All of the following are steps in objective setting EXCEPT:

• A) Allow the employee to actively participate
• B) Link rewards to effort
• C) Prioritize goals
• D) Specify deadlines

Which quadrant of the BCG Matrix indicates products that have low market share in a slow-growing market?

• A) Dogs
• B) Question Marks
• C) Stars
• D) Cash Cows

Which of the following best defines a competitive edge?

• A) The ability to charge higher prices
• B) A company’s ability to outperform its competitors
• C) A strategy focused solely on cost-cutting
• D) The size of a company’s market share

A comprehensive plan that coordinates a complex set of activities related to a major non-recurring goal is:

• A) Single use plan
• B) Policy
• C) Procedure
• D) Program

Which one of the following is a mathematical model that describes about the operating characteristics of queuing situations?

• A) Waiting line
• B) Scenario
• C) Simulation
• D) Decision tree

MBO (Management by Objective) makes______objectives by devising a process in which they cascade down through the organization.

• A) Operational
• B) Directional
• C) Strategic
• D) Realistic

GANTT Chart is used for which of the following purpose.

• A) Budgeting
• B) Linear programming
• C) Scheduling
• D) Break-even analysis

Strategy analysis involves evaluating the position of the organization in relation to its environment. It refers as:

• A) Competitor analysis
• B) Situation analysis
• C) Rational analysis
• D) SWOT analysis

Which phase of the strategic management process involves translating strategic plans into action?

• A) Strategy implementation
• B) Strategy formulation
• C) Strategic analysis
• D) Strategy evaluation

"The strategy that focuses on managing a specific department to support the business-level strategy is called:"

• A) Market-level strategy
• B) Corporate-level strategy
• C) Business-level strategy
• D) Functional-level strategy

What types of goals produce higher levels of output?

• A) Easy goals
• B) Specific, hard goals
• C) Generalized goals such as "do your best"
• D) Goals of moderate difficulty

A budget is an example of which one of the following plans?

• A) Single use plan
• B) Strategic plan
• C) Informal plan
• D) Standing plan

According to Maslow's need hierarchy theory, status is an example of what type of need?

• A) Esteem
• B) Physiological
• C) Social
• D) Safety