Which one of the following plans has the broadest organizational focus and the longest time frame?

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

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

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

"The strategy that focuses on determining the types of businesses or industries a corporation should operate in is known as:"

• A) Growth strategy
• B) Business level strategy
• C) Corporate level strategy
• D) Industry strategy

Which of the following best defines a competitive edge?

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

Mission Statement of Johnson & Johnson is:
“We believe our first responsibility is to the doctors, nurses, and patients, to mothers and all others who use our products”
This statement shows which of the following attributes of mission statement?

• A) Desired public image
• B) Self concept
• C) Customers
• D) Location

As a transportation manager you are supposed to select transportation routes to minimize shipping cost. Which optimum technique will be used?

• A) Linear programming
• B) Project management
• C) Budgeting
• D) Forecasting

The BCG Matrix is used primarily for:

• A) Assessing employee productivity levels.
• B) Forecasting economic trends in the market.
• C) Determining the financial viability of a company.
• D) Analyzing market share and growth rate of business units.

Which of the following is a one-time plan specifically designed to meet the needs of a unique situation?

• A) Strategic plan
• B) Operational plan
• C) Multipurpose plan
• D) Single-use plan

__________ are large scale action plans of an organization for interacting with environment in order to achieve long term goals.

• A) Actions
• B) Strategic goals
• C) Strategies
• D) Objectives

Which of the following is a philosophy based on converting organizational objectives into personal objectives?

• A) MBO
• B) JIT
• C) OPO
• D) ROI

Determining the basic long term objectives, adapting courses of actions and then allocating resources necessary to achieve organizational goals is called:

• A) Strategy
• B) Objectives
• C) Mission
• D) Policy

Which one of the following is the end point that represents the completion of major activities in a PERT Network?

• A) Critical path
• B) Activity
• C) Event
• D) Slack time

What types of goals produce higher levels of output?

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

Planning is often called the primary management function because it:

• A) Establishes the basis for all the other functions
• B) Sets the tone for the organizational culture
• C) Offers some basis for future decision making
• D) Creates the vision for the organizational members

The owner of a chain of supermarkets sets a goal of opening up ten new stores in new locations within the next six years. Which one of the following plans it is?

• A) Short-range
• B) Directional
• C) Long-range
• D) Standing

The process of collaborative goal setting by a manager and subordinate; the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate’s performance. It is called:

• A) Management by system
• B) Management by resources
• C) Management by objective
• D) Management by authority

The first step of the project planning process is to:

• A) Develop an overall project schedule
• B) Identify all the activities in the project
• C) Define the project's goals
• D) Determine project completion date

Organizations that exploit their distinctive competencies often attain above normal economic performance and obtain:

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

When a strength provides superior and unique customer value and is difficult to imitate, it creates a sustainable:

• A) Resource deployment
• B) Competitive advantage
• C) Effective strategy
• D) Scope

Which of the following is a general statement or understanding that guide or channelize thinking in decision making?

• A) Rule
• B) Policy
• C) Procedure
• D) Project