The set of strategic alternatives that an organization chooses from its operations across several industries and several markets is called:

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

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

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

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

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

Which one of the following is weakness of MBO?

• A) Clarify priorities and expectation
• B) Foster employee motivation
• C) Coordination of goals and plans
• D) Requires training of employees

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

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

The plans which deal with fairly small set of activities are called:

• A) Strategic plan
• B) Operational plan
• C) Personal plan
• D) Tactical plan

Which of the following is NOT a process for motivating employees through management by objectives (MBO)?

• A) Managers develop action plans
• B) Managers set objectives for the employees
• C) Managers make performance appraisals of employees
• D) Managers and employees periodically review the employee's performance

A plan used to operationalize any other kind of plan is called:

• A) Directional plan
• B) Action plan
• C) Specific plan
• D) Reaction plan

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

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

The SWOT approach assesses an organization's:

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

What would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers' actions?

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

A company should develop its plan in which one of the following orders?

• A) Strategic, tactical, mission, and operational
• B) Mission, operational, strategic, and tactical
• C) Mission, tactical, strategic, and operational
• D) Mission, strategic, tactical, and operational

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

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

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

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) Forecasting
• C) Budgeting
• D) Project management

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

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

Simulation model is:

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

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

• A) JIT
• B) OPO
• C) MBO
• D) ROI

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

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

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) Budgetary plans
• C) Strategic plans
• D) Operational plans