QUIZ#2 (STRATEGIC MGMT QUIZ ) Insructor Name: Tariq-Bin-Absar!
Strategic Management Quiz
Test your knowledge of strategic management with this engaging quiz designed for students and professionals alike! Dive into key concepts, benefits, and essential terms that define strategic planning and execution.<\/p>
Here are some highlights of what you'll learn:
- Understanding the core elements of strategy
- Identifying correct decisions in business strategy
- Evaluating the importance of strategic management
QUESTION#1 Complete The Following Pic (the Empty BOX)?
What is our Procedures?
What is our Mission?
What is our Strategy?
What are our Goals?
None of the Above
QUESTION#2 Which of the following is CORRECT regarding STRATEGY?
Strategy is the consequence of planning
All strategies emerge from corporate plan
A company's strategy has always to be proactive in nature
Strategy is a substance for sound, alert and responsible management
QUESTION#3 Which is NOT a major benefit of Strategic Management?
Strategic Management helps an organisation to be spectators in case of uncertainities
Strategic Management diverts the goals and objectives towards the vision of the company
Strategic Management helps an organisation to be proactive in shaping its future
Strategic Management serves as a Corporate Defence Mechanism (CDM)
QUESTION#4 Business strategy is concerned with which of the following decisions. Select ALL that apply.
Which products to develop
Routine decisions such as inventory control
Which industry to operate in
How to gain competitive advantage
Marketing decisions
Decisions to enter new markets
QUESTION#5 The Term Strategy id derived from a ----------------word 'Strategos'
Latin
Greek
Chinese
German
QUESTION#6 Corporate strategy is concerned with which of the following? Select ALL that apply.
Marketing decisions on price
Decisions to enter new markets
Routine decisions
Production decisions
Complex decisions
Relations with external stakeholders
Distribution decisions
QUESTION#7 Business Strategy is also called Operational Strategy?
True
False
QUESTION#8 The Term Strategy id derived from a word 'Strategos' which MEANS
Tactics
Leadership
Generalship
Management
QUESTION#9 Balanced portfolio of resources pertains to which level of strategy?
Corporate strategy
Business strategy
Functional or operational strategy
NONE OF THE ABOVE
QUESTION#10 What are the means by which the long term objectives will be achieved?
Strategies
Policies
Strength
Weakness
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