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Which of the following is the first step in the process of strategic management? Select ane: a. strategic analysis b. strategy formulation c. strategy implementation d. strategic marketing e. strategic outsourcing Any special strength that gives an organization a competitive advantage is referred to as its Select one: a. core competency b. productivity c. co-opetition ability d. emotional intelligence e. monopolistic power a core competency b. productivity c. co-opetition ability d. emotional intelligence e. monopolistic power Qustion 3 Which of the following is a defining characteristic of a SWOT analysis? a. It examines the diversity at the work place and increases cohesiveness. b. It is based on the statistical principle of mutivariate. c. It identifies things that inhibit optimum performance achievement. d. It determines the level of sales needed in order to breakeven. e. It is based on a year-to-year comparison of a firm's ratios. From the perspective of Porter's ffve forces model, a(n) _ i5 one in which intense inaliy afready casis among competitoss, there are substantial threats in terms of new compelllors and substitute producis, and supplers and buyers are very powerful in bargaining over prices and quality. Select one: a. attractive industry b. unattractive industry c. competitive industry d. non-competitive industry e. normal industry The preferred strategy for Stars is growth because they Select one: a. produce large profits and a strong cash flow, but have little upside potential. b. may not generate much profit at the moment, but have upside potential. c. produce large profits and a strong cash flow for only a short span of time and must be nurtured d. are not only high performers in the present, but they offer similar potential for the future. b. may not generate much profit at the moment, but have upside potentiat. c. produce iarge profits and a strong cash fiow for only a short span of time and must be nurtured d. are not only high performers in the present, but they offer similar potentiat for the future e. produce iittle if any profit, and must be supported so that they perform better. involves selling off parts of an organization to refocus on core competencies, cut costs, and improve operating efficiencies. Select one: a. Diversification b. Concentration c. Divestiture d. Turnaround e. Eiquidation addresses the question. "How are we going to compete for customers within this indurtry and market?" Select onie a Environmental strategy b. Functional strategy c. Operating strategy d. Business strategy e. Corporate strategy Fresh Nest, a retail grocery store, provides a wide variety of products to its customers. So as to keep up with the varying demand in fruits, vegetables, and other groceries, the store stocks up products according to the needs and particulars of the locality. Which of the following strategies has been adopted by Fresh Nest by this move? Select one: a. transnational strategy b. downsizing strategy c. tumaround strategy d. co-opetition strategy e. muitidomestic strategy c tumaround strategy d. co-opetition strateyy e. multidomestic strategy Michael Porter's competitive strategies framework bases business-level strategic decisions on what two main considerations? Select one: a. market scope and source of competitive advantage b. market scope and product reliability c. market scope and market share d. source of competitive advantage and stability e. source of competitive advantage and vertical integration Whikh of the fonowing exampless tesect captures the finction of a stratiegic leader? Select one a Vincent ensures the optirnum allocition and consistent use of resourcess in his frim. b. soseph refrains from pressuricing his subordinates and allows them to be complacent. c. Madeleine allows her employees to carve their own paths rather than acling as a teacher. d. Liliana limits her interactions with her subordinates and disapproves the questoning of her orders: e. Bertille trusts her subordinates and does not cross check their work The problem refers to the lack of communication, coordination, and collaborative problem solving across functions. Select one: a. horizontal silos b. vertical bug-a-boo c. functional chimneys d. divisional smokestack e. matrix identity b. verteal bug-a boo c functional chimneys d divisional smokeslack e. matrix identity A highly adaptive organization can become one that is designed for continuous adaptation through problem sotving. innovation, and learning. This type of organization is known as a Select one: a. matrix organization b. learning organization c. new age organization d. contemporary organization e. change management organization Peoplo who pertorm a technical service or provide speckal probern-solving expertise for other parts of the organization are called Select one: a personai staff b. functional staff c. vice presidential staff d. specialized staff e. chief executive staff All of the following are potential advantages of using a divisional structure except Select one: a. more flexibility in responding to environmental changes. b. establishes clear points of responsibility for product or service delivery. c. expertise is focused on specific customers, products, or regions d. duplication of resources and efforts across divisions. e. greater ease in changing size by adding or deleting divisions \begin{tabular}{l} Queanon 14 \\ Nat yet \\ mawinest \\ Marked out of \\ 1.09 \\ P Flag \\ question \\ \hline \end{tabular} All of the following are potental advantages of using a divisional structure except Select one: a. more tlexibility in responding to environmental changes. b. establishes clear points of responsibility for product or service delivery. c. expertise is focused on specilic customers, products, or regions. d. duplication of resources and efforts across divisions. e. greater ease in changing size by adding or deleting divisions. Question 15 Which of the following is an advantage of a matrix structure? Notyer Select one: a. improved strategic management b. no scope for issues such as "groupitis" across teams c. clearly defined tasks and no conflict in work priorities d. no power struggles across teams e. fast and effective team meetings Question 16 Four engineers from me fechnology cell of a conpany are required to work together for a certain time on a job till the job is completed. This is an example or a(n) Select one: a. cross-functional team b. outsourcing strategic alliance c. boundaryless organization d. project team e. functional salo Which of the following is true regarding the process of delegation? Select one: a. The manager seldom gives the right to the subordinate to take necessary actions along with the assigned task. b. The responsibility given by the manager is an expectation for the subordinate to perform assigned tasks. c. When a subordinate takes an assignment, he does not have an obligation to the manager to complete th job as agreed. d. In the process of delegation, a manager does not nave the power to create accountabtity. Qievtion 17 Which of the following is true feggarding the process of delegation? Sehset one: a. The manager seldom gives the right to the subordinate to take necessary actions alonq with the assigned task: b. The responsibility given by the manager is an expectation for the subordinate to perform assigned tasks, c. When a subordinate takes an assignment, he does not have an obligation to the manager to complete the job as agreed. d. In the process of delegation, a manager does not have the power to create accountabity. e. A manager is allowed to provide the subordinate with responsibility but not the authority to pertoim. Hipster Juices Co, well-known for its fruit juices with catchy names, has recently signed an agreement with Cozy Books Ltd. According to this agreement, Hipster Juices Co. has an outlet at each Cozy store. This agreement has I to an increase in profits for both the companies as sales of both have increased. This is an example of a Select one: a. boundaryless organization b. Joint venture C. cross-functional team Wed-Adjusted Corporation functions with a flat structufe. Which of the folowing would tet a chasactertakic of Wes Adjusied Corporation? Select one: a. Well-Adjusted Corporation would be furketioning with many managers. b. Weil-Adjusted Corporation would permit workers to make their own decisions. c. Well-Adjusted Corporation would tend to be more costly due to the existence of many levels of management. d. Well-Adjusted corporation woukd have a narrow span of controt. e. Well-Adjusted Corporation would have a scarcity of employees. Frankiin inc. encourages its employees at all levels to provide ideas, opinions, and support the process of decision making This indicates that the firm has a(n) Select one: a. decentralized system b. centralized system c. bureaucratic structure d. formal structure e. mechanistic design Franken lox encodrages is employees at all levets to provide ideas, opinions, and ssport mue process of deciaion moking. Thes indicutes that the firm bhes a( n ) Seteat one: a decentralized system b. centralized system c. bureaucratic structure d. fomal structure e. mechanistic design is a process of attracting, developing, and maintaining a talented work force: Select one: a. Customer relationship management b. Human resource management c. Database management d. Supply chain management e. Enterprise feedback management Which of the following is imotved in the HRM task of attracling a quality workforce? Select one: a. performance management b. career development c. human resource planning d. labour-management relations e. compensation and benefits is a set of activities designed to attract a qualified pool of job applicants to an organization: Select one: a. Recruitment b. Remuneration c. Probation d. Orientation e. Training Marked out of a Recruitmerit 1.00 b. Fzermuneration c. Probation d. Orientation a. Training One important indicator that human resource management is truly strategic in an organization is when the HRm fanction is headed by a Select one: a. human resources director reporting to a middle-level manager b. middle-level manager reporting to an upper-level executive c. mid-level management team d. human resources manager reporting to an executive vice president e. senior executive reporting directly to the chief executive officer Which of be following are acceptabie questions for potential empioyment? Select one: a. How old are you? D. Are you able to work on Sunday? c. Where were you bom? d. Are you married? e. How many children do you have? The three steps in the typical recruitment process are Select one: a searching, screening, and interviewing. b. searching, initial screening, and socialization. c. advertising job vacancies, making preliminary contacts, and initial screening. d. advertising job vacancies, socialization, and screening. e. planning, searching, and screening. Not yet andwereat Melect ane: a. searching, screening, and interviewing b searching, initiat screening, and socialization. c. advertising job vacancies, making preliminary contacts, and initial screening d. advertising job vacancies, sociakzation, and screening. e. planning, searching, and screening. A typical question raised about mert pay systems is: Select one: a. Who assesses performance? b. What is a two-tier system? c. How do I get paid? d. Why does it work this way? e What are the benefits? Offening employeres ninancial incentives to retine early is calked Select one: a. termination. b. easly retirement incentive program. c. bonus pary. d. discrimination. e. payout. In a face-to-face interview with a manager, a candidate is asked how he woukd dismiss a group of employees during a lay-off if he was the HR manager. This would be an example of a(n) interview. Select one: a. Situational b. cognitive c. psychiatric d. technical e. informal Marked out of t.o0 P. Flang question a siluationai b cognitive c. psychiairic: d. technikal e. informal As part of the selection process for a job, Derek was asked to work for a few hours inside a facility where the real work conditions of the job were simulated. Which of the following selection techniques is being used in this case? Select one: a. work sampling b. biodata method c. behavioural interview d. assessment centre e. situational interview Fingeation c psychistric d. technical e. informat As part of the selection process for a job, Derek was asked to work for a few hours inside a facility where the real work conditions of the job were simulated. Which of the following selection techniques is being used in this case? Select one: a. work sampling b. biodata method c. behavioural interview d. assessment centre e. situational interview