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

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

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

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

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

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

Which of the following can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?

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

Which of the following identifies the order of activities to be performed in order to achieve a particular goal?

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

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

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

Simulation model is:

• A) A number of stations draw from a single line
• B) A consistent view of what future is likely to be
• C) A mathematical imitation of reality
• D) A service provided at a single point

All of the following are the examples of the actions that can be taken in strategy implementation stage EXCEPT:

• A) Changing organization's pricing strategy
• B) Transferring managers among divisions
• C) Taking corrective action when needed
• D) Developing new employee benefits

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