Operational plans are normally associated with which of the following organizational levels?

• A) Functional level
• B) Business level
• C) International or global level
• D) Corporate level

Which of the following stage of strategic management focuses on; “how the strategy is achieved”?

• A) Formulation stage
• B) Evaluation stage
• C) Implementation stage
• D) Execution stage

The task of getting all activities done on time, within budget, and according to specifications is:

• A) Project scheduling
• B) None of the given
• C) Project planning
• D) Project management

Which of the following is a process that involves managers from all parts of the organization in the formulation of strategic goals?

• A) Strategic management
• B) Strategic positioning
• C) Strategic organizing
• D) Strategic planning

In traditional goal setting, the goals are set at the top level of management and after that they:

• A) Are broken down into sub goals for each level of the organization
• B) are directed by top management to achieve these
• C) Are delegated to the next lower level to be achieved
• D) Become the responsibility of first-line management

Which of the following is the statistical plan for planned activities in future?

• A) Break-even analysis
• B) Budget
• C) Linear program
• D) All of the given options

How an organization distributes its resources across the areas in which it competes is its:

• A) Effective strategy
• B) Resource deployment
• C) Scope
• D) Distinctive Competency

A skill and capability held by numerous competing firms is called:

• A) Distinctive competencies
• B) Common strength
• C) Competitive parity
• D) Competitive edge

The set of strategic alternatives that an organization chooses from as it conducts business in a particular industry or market is called:

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

Which one of the following is not an element of Management By Objective (MBO)?

• A) Goal specificity
• B) Participative decision making
• C) Performance feedback
• D) Implicit time period

All of the following statements describe the scenario planning except:

• A) To reduce uncertainty by playing potential situations
• B) Easy to use when forecasting random events
• C) A consistent view of what the future is likely to be
• D) Can be described as contingency planning

Plans which are as short a period as 1 week or as long as 1 year are:

• A) Strategic plan
• B) Tactical Plan
• C) Operational plan
• D) Standing plan

The SWOT approach assesses an organization's:

• A) Strengths, Weaknesses, Opportunities, Threats
• B) Signs, Worries, Objectives, Techniques
• C) Studies, Workflows, Opportunities, Trials
• D) Speed, Wants, Order, Timing

Which of the following types of plans are highly interdependent and must take into account the resources and capabilities of the entire organization and its external environment?

• A) Tactical plans
• B) Strategic plans
• C) Operational plans
• D) Budgetary plans

Which one of the following is strength of MBO (Management by Objective)?

• A) Overemphasis of quantitative goals
• B) Requires training of employees
• C) Clarify priorities and expectation
• D) Tends to falter without strong commitment

The set of processes involved in creating or determining the strategies of the organization is called:

• A) Strategy imitation
• B) Strategy evaluation
• C) Strategy implementation
• D) Strategy formulation

Goals are often called which of the following?

• A) A lot of other names by various organizations
• B) The basis for all the other functions
• C) The foundation of planning
• D) Managements’ do or die objectives

In which one of the following plans, time horizon tends to be long from 3 to 5 years or more?

• A) Operational
• B) Functional
• C) Tactical
• D) Strategic

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

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

In the BCG Matrix, which quadrant represents products with high market share in a fast-growing market?

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