Most managers believe that if an MBO (management by objective) program is to be successful, it must start at:

• A) Non-managerial level
• B) Middle level
• C) Top Level
• D) Lower level

A strategy that promotes a superior alignment between the organization and its environment and the achievement of strategic goals, is called:

• A) Effective strategy
• B) Emergent strategy
• C) Deliberate strategy
• D) Scope

All of the following are the different types of budgets EXCEPT:

• A) Expense budget
• B) Competitor budget
• C) Revenue budget
• D) Cash budget

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

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

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

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

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

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

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

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

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

A successful strategy is one that aligns well with the:

• A) External environment
• B) Organizational structure
• C) Organizational goals and resources
• D) All of the given options

Plans that provide guidelines for activities to be performed repeatedly like policy and procedure are called:

• A) Contingency plans
• B) Standing plans
• C) Short term plans
• D) Single use plans

In the MBO system:

• A) Objectives are determined by management
• B) Goals are used as controls
• C) Goals are only reviewed at the time of completion
• D) Progress is periodically reviewed

Which one of the following options is included in strategic plans?

• A) Participation from all levels
• B) The formulation of objectives
• C) Financial information
• D) Benchmarking

When environmental uncertainty is greater then plan should be:

• A) Specific but flexible
• B) Standing but challenging
• C) Non-directional
• D) Long term but rigid

What does the "competitive rivalry" factor refer to in Porter’s Five Forces model?

• A) The intensity of competition among existing firms
• B) The bargaining power of customers
• C) The likelihood of new entrants into the industry
• D) The power of suppliers in the market

The action stage in strategic management process is:

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

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 delegated to the next lower level to be achieved
• C) are directed by top management to achieve these
• D) Become the responsibility of first-line management

The statement that communicates the future aspirations of the organization is called:

• A) Mission Statement
• B) Strategic Objectives
• C) Vision Statement
• D) Action Statement

A company that offers products at a premium price based on high quality and innovation is likely pursuing which strategy to gain competitive edge?

• A) Differentiation
• B) Market penetration
• C) Focus strategy
• D) Cost leadership

A primary benefit of MBO (Management by objective) is:

• A) Avoid competition
• B) Improve employee motivation
• C) Resistance against new entrance
• D) Increase resources

The first step of the project planning process is to:

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