Emergence of cheaper products into market is

1 Answer: a. weakness
Marks: 2 b. threat
c. strength
d. opportunity

Planning horizon defines how far into the future one should plan
2
Marks: 1
Answer: True False

3 Answer: a. Top-level managers

Marks: 2 b. first-level managers
c. Middle-level managers
d. Both first-level managers and middle-level managers
Operational plans are made by

Which of the following is NOT a category

4 of technology when managing Answer: a. Key Technology
Marks: 2 strategically? b. Base Technology
c. Information Technology
d. Pacing Technology

Participative goal-setting process that allows management to construct and

5 communicate the organization's
Marks: 2 objectives to each employee is called Answer: a. strategic planning
b. planning
c. management by objectives
d. top-level management

1 Five-forces analysis is a framework for analyzing a particular industry

Marks: 1
Answer: True False

2 Which one of the

following may be a Answer: a. quality you can always trust
Marks: 2 vision statement? b. changing the way people communicate
c. none
d. where learning made easy and enjoyable
 All plans specify goals and ______________
3 Answer: a.
b.
penalties for failure
controls
Marks: 2
c. courses of action
d. profits
e. job functions

Economies of scale is one of the biggest bargaining power of buyers

4
Marks: 1
Answer: True False

The system of shared beliefs, values, customs, behaviours transmitted between

1 organization members is called Answer: a. staffing
Marks: 2
b. learning
c. organizing
d. culture
e. common sense

Strategic plans are set by

2 Answer: a. Top-level managers
Marks: 2 b. First-level managers
c. Middle-level managers
d. by all types of managers

The vision statement of a company specifies why the company exists

1
Marks: 1
Answer: True False

Which one of the

3 following may be a Answer: a. where learning made easy and enjoyable
Marks: 2 vision statement? b. none
c. quality you can always trust
d. changing the way people communicate

Business Portfolio Matrix Explains the business based on the market share and market
4 growth
Marks: 1

Answer: True False

 A statement of the organization's purpose, basic goals and philosophies is called vision
5 statement.
Marks: 1

Answer: True False

1 Freezing is the first step in any change

Marks: 1
Answer: True False

2 Answer: a. large quantities are available on the market.

b. to take advantage of significant bulk buying reductions.
Marks: 2
c. the seasonal supply of materials such as coffee beans or even
garden peas.
d. in anticipation of a future shortage and rapid rise in price.
All of the following are justifications for holding large stocks of raw materials, except

3 Answer: a. collecting world's most accessible and reliable information

Marks: 2 b. A computer for every desk at every home
c. changing the way people communicate
d. where learning made easy and enjoyable
Which one of the following may be a mission statement?

4 Strategic plans require the _____ level of learning

in Bloom Taxonomy Answer: a. comprehension
Marks: 2 b. synthesis
c. application
d. analysis

5 Large market share and slowly growing market is represented in Business Portfolio
Matrix as _____
Marks: 2 Answer: a. Cash Cow
b. Question Marks
c. All
d. Dogs barking
 Which symbol is NOT used in Business Portfolio
1 Matrix?
Answer: a.
b.
Question Marks
Stars
Marks: 2
c. Dog
d. Factory
e. Cow

Supply-chain management does not include

2 _______
Answer: a.
b.
customers
retailers
Marks: 2
c. brokers
d. suppliers
e. manufacturers

Compromise is another name for win-lose

1
Marks: 1
Answer: True False

Planning horizon does NOT

2 depend on Answer: a. The nature of the business
Marks: 2 b. The required details for the plans
c. Organizing
d. The market organization is in

Large market share and slowly growing market is represented in Business Portfolio
3 Matrix as _____
Marks: 2 Answer: a. Question Marks
b. Dogs barking
c. All
d. Cash Cow

Planning horizon defines how far into the future one should plan
4
Marks: 1
Answer: True False

5 Answer: a. collecting world's most accessible and reliable information

Marks: 2 b. A computer for every desk at every home
c. changing the way people communicate
d. where learning made easy and enjoyable
Which one of the following may be a mission statement?
 Pacing technology has a close relation with innovation
1
Marks: 1
Answer: True False

The vision statement of a company specifies why the company exists

2
Marks: 1
Answer: True False

_____ forms a basis for matching your

3 company's strategy to its situation. Answer: a. Porter's Five Forces Model
Marks: 2 b. Competitor Analysis
c. PEST Method
d. SWOT Analysis

4 Answer: a. where learning made easy and enjoyable

Marks: 2 b. collecting world's most accessible and reliable information
c. A computer for every desk at every home
d. changing the way people communicate
Which one of the following may be a mission statement?

A factor in your company's environment that poses a

1 danger to its well-being is
Marks: 2 called Answer: a. opportunity
b. weakness
c. threat
d. strength

When recognizing problem or opportunities we need to

1
Marks: 2 Answer: a. consider overall mission
b. evaluate alternatives
c. formulate/develop models
d. gather information
_________
 Which one is NOT an
1 indication of intense
Answer: a.
b.
Increasing consumer warranties or service
Using price competition
Marks: 2 rivalry?
c. Jockeying for strategic position
d. Staging advertising battles
e. Large differences between the sale prices

1 Power is a typical set of values in Feminine Culture (FALSE)

Marks: 1

Answer: False

Decision model is also described as criteria with which we evaluate alternatives

6
Marks: 1 (TRUE)

Answer: True

If you have a large share within a fast growing market, you really have a big problem
6
Marks: 1
Answer: True False

Dog symbol in business portfolio matrix means you have small share in a fast growing
17 market
Marks: 1

Answer: True False

Just-in-time is a method for Inventory Management

4
Marks: 1
Answer: True False

2 Ultimate responsibility for planning lies with top and middle management. (TRUE)
Marks: 1

Answer: True

5 Answer: a. they needed high investment in IT Technologies

Marks: 2 b. they were not familiar with the method
c. they were not punctual culture
d. the dependency on each other in supply-chain made it difficult for their culture
Just-in-time did not succeed in many countries since
2 Formulating value or decision model is necessary to evaluate alternatives (TRUE)
Marks: 1

Answer: True

4 Threat of new entrants is considered as one of forces in Porter's Model. (TRUE)

Marks: 1

Answer: True

By examining opportunities, you can identify unfavorable market shifts or changes in

6 technology, and create a defensive movement for protecting your competitive position.
Marks: 1
(FALSE)

Answer: False

The first step in any Planning

14 process is ____ Answer: a. None
Marks: 2 b. Gathering needed information
c. Defining the problem
d. Recognizing there is a problem

Product differentiation may be one

1 of the Answer: a. threat of new entrants
Marks: 2 b. opportunities
c. bargaining power of customer
d. bargaining power of supplier

If you have a large share within a fast growing market, you really have a big problem
2
Marks: 1
Answer: True False

Electronic security systems in place of security guards is an example to threat of substitute products
(TRUE)
True
Answer:

Incorrect
Marks for this submission: 0/1.
 Regulatory requirements by
3 government is
Answer:
a. threat
Marks: 2
b. weakness
d. strength

Incorrect
Marks for this submission: 0/2.

Which one is not a stage in Production Life Answer:

5 Cycle?
a. Emergence

Marks: 2 b. Maturity
c. Growth

d. Redesign
Incorrect
Marks for this submission: 0/2.

Productivity is a measure of a firm's ability to produce more goods and services per
9 unit of input
Marks: 1

Answer: True False

Market share is the ratio of sales of an enterprise in a particular market to the total
7 sales of all competitive products and services in that market
Marks: 1

Answer: True False

A settlement of a dispute in which two or more sides Answer:

2 agree to accept less than they originally wanted is
a.
b.
conflict
compromise
Marks: 2 called _____
c. freezing
d. win-win
e. win-loose

1 Market share is the ratio of sales of an enterprise in a particular market to the total
sales of all competitive products and services in that market
Marks: 1

Answer: True False

 From the list provided below, determine which of the listed activities or management
15 Answer: a. Working on special projects
Marks: 2
b. Translation of goals into specific projects
c. Planning and setting goals
d. Planning and budgeting
e. Directing and controlling those who work on special projects
processes are most likely to receive the most attention and time by top managers.

Mission is the basic purpose of organization.

2
Marks: 1
Answer: True False

The purpose of _____ is to diagnose the principal competitive pressures in a specific

9 market and how strong and important
Marks: 2 each one is. Answer: a. Porter's Five Forces Model
b. SWOT Analysis
c. Market Research
d. PEST Method

Expanding global markets is

10 Answer: a. threat
Marks: 2 b. strength
c. opportunity
d. weakness

11 The vision statement of a company specifies why the company exists (FLASE)
Marks: 1

Answer: False

1 Planning shortly means making decisions in advance (TURE)

Marks: 1

Answer: True

Market Research is a kind of planning tool.

17
Marks: 1
Answer: True False
 A company extracting crude oil is in
4 Answer: a. tertiary sector
Marks: 2 b. production sector
c. secondary sector
d. primary sector

Answer:
20 a. Suppliers’ products are differentiated
b. Buyers are concentrated or purchases are large relative to
Marks: 2 seller's sales
c. Suppliers’ products have few substitutes
d. Suppliers’ product is an important input to buyers’ product
e. Supplier industry is dominated by a few firms
Suppliers are NOT likely to be powerful if

16 Sharing is a typical set of values in Masculine Culture (FALSE)

Marks: 1

Answer: False

Most management functions such as organizing, leading, and controlling have little
3 purpose without planning
Marks: 1

Answer: True False

The last thing to do in change management is called 'freezing'

5
Marks: 1
Answer: True False

Social Responsibility is adopted by most of the private sector organizations as a key

10
Marks: 1 strategical area. (FALSE)

Answer: False

Mission statements should be S.M.A.R.T. (Remember words in acronym)

17 Answer: True False
Marks: 1

When there is uncertainty, there is a need to develop contingency plans.

5
Marks: 1
Answer: True False
 Planning premises are the assumptions under which the developed plans are expected
6 to be executed
Marks: 1

Answer: True False

Vision is the basic purpose of organization.

8
Marks: 1
Answer: True False

4 Political factors are one of external factors in strategic planning (FALSE)

Marks: 1

Answer: False

Which one is not decided in planning?

16 Answer: a.
b.
Why to do it
When to do it
Marks: 2
c. How to do it
d. What to do
e. Who is to do it

Products with similar function limit the prices firms can charge
2
Marks: 1
Answer: True False

Planning Horizon is
2 ____ Answer: a. How far into the future a plan is developed for
Marks: 2 b. The level of planning
c. The required details in a plan
d. All

Before evaluating an alternative, a decision model must be developed

7 Answer: True False
Marks: 1

“Market Share” can be a strategic objective

14
Marks: 1
Answer: True False

By examining threats, you can discover untapped markets,and new products or

3 technologies, or identify potential avenues for diversification.
Marks: 1

Answer: True False

 Responsibility can be delegated (transferred) to lower level management.
14
Marks: 1 (FALSE)

Answer: False

Higher level managers spend more time on planning

20
Marks: 1
Answer: True False

Retail market is an example of secondary sector

15
Marks: 1
Answer: True False

17 Shorter product life cycles are not good for organizations (FLASE)
Marks: 1

Answer: False

4 Answer: a. Supplier poses credible threat of forward integration

b. Buyer presents a credible threat of backward integration
Marks: 2
c. Buyers are concentrated or purchases are large relative to
seller’s sales
d. Suppliers' Products are undifferentiated
Buyers are NOT likely to be powerful if