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STRATEGIC MANAGEMENT AND CORPORATE GOVERNANCE
- Horizontal integration is concerned with
- Production
- Quality
- Product planning
- All of the above
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- It refers to formal and informal rules, regulations and procedures that complement the company structure
- Strategy
- Systems
- Environment
- All of the above
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- Micro environment is the ________ environment of a company.
- Working
- Human
- External
- Internal
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- Techniques used in environmental appraisal are
- Single-variable extrapolation/multivariable interaction analysis
- Structured/ unstructured expert/inexpert opinion
- Dynamic modes and mapping
- All of the above
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- The actual performance deviates positively over the budgeted performance. This is an indication of ________ performance.
- Superior
- Inferior
- Constant
- Any of the above
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- Criteria for making an evaluation is (are)
- Consistency with goals
- Consistency with environment
- Money
- All of the above
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- The ________ of any organization is "the aggregate of all conditions, events and influences that surround and affect it."
- System
- Environment
- Structure
- Strategy
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- Strategic management is mainly the responsibility of
- Lower management
- Middle management
- Top management
- All of the above
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- The major issue(s) of appraisal system is (are)
- Factors of appraisal
- Relevance of appraisal
- Procedure of appraisal
- All of the above
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- Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups.
- Manpower
- Co-ordination
- Production
- All of the above
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- Market research is conducted by
- By employees
- By research agencies
- By consultants
- All of the above
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- Vertical integration is concerned with
- Supply chain
- Production
- Quality
- Planning
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- ETOP stands for ________.
- Environmental threat & opportunity project
- Environmental threat & opportunity profile
- Environmental treaty & opportunity profile
- Environmental threat & optimum profile
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- The control process requires the following types of information
- Planned performance
- Variances
- Reasons
- All of the above
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- Financial environment is concerned with
- Demand & supply of money
- Capital markets
- Both 'A' and 'B'
- None of the above
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- The process of forecasting an organization's future demands for and supply of right type of people in right number is
- Product planning
- Process planning
- Man power planning
- All of the above
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- It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy
- Strategic surveillance
- Strategic planning
- Both 'A' and 'B'
- None of the above
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- Harvest strategy is used for
- Dogs
- Question marks
- Both 'A' and 'B'
- None of the above
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- These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
- Crisis
- Emergency
- Shutdown
- All of the above
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- Attack strategies are
- Frontal attack
- Flank attack
- Encirclement attack
- All of the above
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- An approach that strives to follow ethical principles and percepts is
- Moral management
- Immoral management
- Amoral management
- None of the above
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- Niche marketing means
- End user specialist
- Specific customer specialist
- Geographic specialist
- All of the above
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- Type(s) important managerial skill(s) required for the effective strategic management
- Conceptual skill
- Human skill
- Intellectual skill
- All of the above
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- The model(s) of social responsibility is (are)
- Austere Model
- Vendors Model
- Civic Model
- All of the above
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- Delay in ________ measurement defeats the purpose of evaluation.
- Time
- Quality
- Production
- All of the above
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- Module of Flotilla strikes an optimum balance of ________ and flexibility
- Optimisation
- Standardisation
- Organization
- All of the above
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- The ________ are distinct little business set up as units in a larger company.
- Small business Units
- Strategic business Units
- Internal business Units
- All of the above
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- Knowledge of the relationships between choices, environment & outcomes is
- Familiarity
- Conversancy
- Informality
- Normality
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- ________ should have the ability to develop a vision to see patterns into the future.
- Leaders
- Managers
- Management
- Workers
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- Product differentiation refers to the:
- ability of the buyers of a product to negotiate a lower price.
- response of incumbent firms to new entrants.
- belief by customers that a product is unique.
- fact that as more of a product is produced the cheaper it becomes per unit.
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- Which of the following is NOT an entry barrier to an industry?
- expected competitor retaliation
- economies of scale
- customer product loyalty
- bargaining power of suppliers
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- Switching costs refer to the:
- cost to a producer to exchange equipment in a facility when new technologies emerge.
- cost of changing the firm's strategic group.
- one-time costs suppliers incur when selling to a different customer.
- one-time costs customers incur when buying from a different supplier.
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- The framework for establishing good corporate governance and accountability was originally set up by the
- Thornton Committee
- Rowntree Committee
- Nestlé Committee
- Cadbury Committee
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- Which of the following is not one the underlying principles of the corporate governance
- accountability
- acceptability
- openness
- integrity
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- In a two-tier structure of corporate governance:
- Members of the supervisory board are appointed by the executive board.
- The chair of the non-executive board is also chair of the executive board.
- CEO and chair of the board are split.
- Non-executives are responsible for the day-to-day operations.
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- Which of the following is not a responsibility of audit committees?
- Reviewing corporate reporting processes.
- Management compensation.
- Relations with the independent auditor.
- Monitoring management.
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- Benchmarking is
- Historical analysis
- Competitive analysis
- Re-engineering
- All of the above
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- Macro environment
- Political- legal
- socio-cultural
- economic-demographic
- All of the above
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- A major part of strategy implementation is
- Planning
- Communication
- Resource allocation
- Monitoring
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- These people are charged with the responsibility of continuous screening of performance?
- Managers
- Supervisors
- Top management
- Audit committee
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- ________ and greater accountability replace formal control.
- Self-discipline
- Self appraisal
- both 'A' and 'B'
- None of the above
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- ............... function applies to all company levels irrespective of levels of hierarchy.
- Planning
- Organizing
- Staffing
- Directing
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- Three C's affecting today's companies are
- Customer, Competition, Change
- Cost, Competition, Change
- Customer, Competition, Cost
- Customer, Cost, Change
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- Strategic management is concerned with
- Short range planning
- Long range planning
- Both 'A' and 'B'
- None of the above
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- It provides a way to bring in the people dimension in macro company analysis without using psychological models of human behaviour.
- Environment
- Society
- Culture
- All of the above
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- It is used extensively in organisation and is concerned with action or performance.
- Operational control
- Production control
- Quality control
- All of the above
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- Companies employ trained ________ to develop "competency models" to identify potential leaders.
- Consultants
- Psychologists
- Trainers
- All of the above
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- Style of a company are the patterns of actions taken by members of ________ management over a period of time
- Top
- Middle
- Lower
- Any of the above
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- It concentrates on organisation design and work flow
- Systems approach
- Flotilla
- Method study
- Work study
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- The benefits of a change in process are defined in terms of ________ cost savings
- Labour
- Infrastructure
- Production
- Raw material
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- According to the five factors model, an attractive industry would have all of the following characteristics EXCEPT:
- low barriers to entry.
- suppliers with low bargaining power.
- a moderate degree of rivalry among competitors.
- few good product substitutes.
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- Internal analysis enables a firm to determine what the firm
- can do.
- should do.
- will do.
- might do.
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- To be a core competency, a capability must satisfy all of the following criteria EXCEPT:
- be technologically innovative.
- be hard for competing firms to duplicate.
- be without good substitutes.
- be valuable to customers.
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- BCG in BCG matrix stands for
- Boston Calmette Group
- British Consulting Group
- Boston Corporate Group
- Boston Consulting Group
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- What does Dog symbolise in BCG matrix
- introduction
- growth
- maturity
- decline
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- The GE 9 Cell model is based on
- industry attractiveness and business strength
- industry growth rate and business strength
- industry attractiveness and relative market share
- industry growth rate and relative market share
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- The word tactic is most likely to be associated with
- business strategy
- corporate strategy
- operational strategy
- none
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- A whistleblower procedure should be implemented:
- For receipt, retention and treatment of complaints received by the company regarding accounting, internal controls or auditing matters.
- As a tool of public relations
- To support the internal audit department.
- As a tool of management.
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- The goal of corporate governance and business ethics education is to
- Teach students their professional accountability and to uphold their personal Integrity to society.
- Change the way in which ethics is taught to students.
- Create more ethics standards by which corporate professionals must operate.
- Increase the workload for accounting students.
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- The corporate governance structure of a company reflects the individual companies'
- Cultural and economic system.
- Legal and business system.
- Social and regulatory system.
- All of the above.
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