Question 1 of 20 ( Start time 102631 PM ) Total Marks 1Following are the examples of the sectors that are more technologically oriented EXCEPTSelect correct option Textile Pharmaceutical Telecommunications Beverages Question 2 of 20 ( Start time 102714 PM ) Total Marks 1All of the following would represent possible threats to the ABC Company EXCEPT which one of the followingSelect correct option Entrance of new competitors Improved buyer or supplier relationships New or revised regulations Slow industrymarket growthQuestion 3 of 20 ( Start time 102740 PM ) Total Marks 1Opportunity analysis is one of the basic functions of which one of the followingSelect correct option Computer information systems Marketing Productionoperations Research and developmentQuestion 4 of 20 ( Start time 102808 PM ) Total Marks 1Which of the following refers to determining the best capital structure for the companySelect correct option Restructuring decisions Financing decisions

Strategic decision Investment decisionThe financing decision concerns determining the best capital structureQuestion 5 of 20 ( Start time 102828 PM ) Total Marks 1Which of the following is not a pitfall an organization should avoid in strategic planningSelect correct option Failing to involve key employees in all phases of planning Involving all managers rather than delegating planning to a planner Top managers not actively supporting the strategic planning process Doing strategic planning only to satisfy accreditation or regulatory requirements

PART IX (q144)

Question 6 of 20 ( Start time 102853 PM ) Total Marks 1Which of the following is not a key question that can reveal internal strengths and weaknesses of the marketing departmentSelect correct option Does the firm have an effective sales organization Are markets segmented effectively Are the firmrsquos products and services priced appropriately Does the firm have good liquidity Question 7 of 20 ( Start time 102916 PM ) Total Marks 1Which of the following identified that ldquostrategic management encourages forward thinking favorable attitudes towards change and discipline to the management of businessrdquoSelect correct option Greeley Greenly Greenley GreenwichGreenly stated that strategic management offers the following benefits It encourages a favorable attitude toward change 14 It gives a degree of discipline and formality to the management of a businessQuestion 8 of 20 ( Start time 102947 PM ) Total Marks 1Ethnic balance is affected due to which of the followingSelect correct option

Strategic decision Investment decisionThe financing decision concerns determining the best capital structureQuestion 5 of 20 ( Start time 102828 PM ) Total Marks 1Which of the following is not a pitfall an organization should avoid in strategic planningSelect correct option Failing to involve key employees in all phases of planning Involving all managers rather than delegating planning to a planner Top managers not actively supporting the strategic planning process Doing strategic planning only to satisfy accreditation or regulatory requirements

PART IX (q144)

Question 6 of 20 ( Start time 102853 PM ) Total Marks 1Which of the following is not a key question that can reveal internal strengths and weaknesses of the marketing departmentSelect correct option Does the firm have an effective sales organization Are markets segmented effectively Are the firmrsquos products and services priced appropriately Does the firm have good liquidity Question 7 of 20 ( Start time 102916 PM ) Total Marks 1Which of the following identified that ldquostrategic management encourages forward thinking favorable attitudes towards change and discipline to the management of businessrdquoSelect correct option Greeley Greenly Greenley GreenwichGreenly stated that strategic management offers the following benefits It encourages a favorable attitude toward change 14 It gives a degree of discipline and formality to the management of a businessQuestion 8 of 20 ( Start time 102947 PM ) Total Marks 1Ethnic balance is affected due to which of the followingSelect correct option

Change in ethnic values Awareness of ethnic norms Migration of the people towards different areas Introduction of new laws relating to ethnicityEthnic balance changes due to the migration of the people from different areas to different areasQuestion 9 of 20 ( Start time 103014 PM ) Total Marks 1Different types of consumers are created due to new trends which in turn require which type of productsSelect correct option Different products Different services Different strategies All of the given options New trends are creating a different type of consumer and consequently a need for differentproducts different services and different strategiesQuestion 10 of 20 ( Start time 103036 PM ) Total Marks 1Which of the following is an example of a narrow missionSelect correct option We sell packaged pineapples The firm deals in beverages Stationery is our product Company manufactures food itemsQuestion 11 of 20 ( Start time 103054 PM ) Total Marks 1All of the following are functional support roles of Management Information System EXCEPTSelect correct option Recording and storing accounting records Recording and storing inventory data Recording and storing business intelligence data The enhanced ability to explore what if (Handout page 73Question 12 of 20 ( Start time 103114 PM ) Total Marks 1Backward integration is effective in all of the following situations EXCEPTSelect correct option When an organization competes in an industry that is growing rapidly When an organization needs to acquire a needed resource quickly When the advantage of stable prices are not important When present suppliers have high profit margins

httpwwwicmapcompkqp_s2kx05-s603-mabs_sanspdfQuestion 13 of 20 ( Start time 103143 PM ) Total Marks 1Political variables have a significant effect on which one of the followingSelect correct option Formulation and implementation of strategy Formulation and Evaluation of a strategy Implementation and evaluation of a strategy Formulation implementation and evaluation of a strategyImpact of political variables1048707 Formulation of Strategies1048707 Implementation of StrategiesQuestion 14 of 20 ( Start time 103207 PM ) Total Marks 1Which of the following is NOT a component of external environment analysisSelect correct option Customer satisfaction feedback Global impacts Legal issues within the industry Competitive position of rival companiesQuestion 15 of 20 ( Start time 103223 PM ) Total Marks 1Which of the following is the first step in the controlling function of managementSelect correct option Take corrective actions Restrict breaks employees take Evaluate expense reports Establish performance standards Controlling consists of four basic steps1 Establishing performance standards2 Measuring individual and organizational performance3 Comparing actual performance to planned performance standards4 Taking corrective actionsQuestion 16 of 20 ( Start time 103242 PM ) Total Marks 1Test marketing is commonly applied by which of the following companiesSelect correct option Industrial goods companies Consumer goods companies Public sector companies

httpwwwicmapcompkqp_s2kx05-s603-mabs_sanspdfQuestion 13 of 20 ( Start time 103143 PM ) Total Marks 1Political variables have a significant effect on which one of the followingSelect correct option Formulation and implementation of strategy Formulation and Evaluation of a strategy Implementation and evaluation of a strategy Formulation implementation and evaluation of a strategyImpact of political variables1048707 Formulation of Strategies1048707 Implementation of StrategiesQuestion 14 of 20 ( Start time 103207 PM ) Total Marks 1Which of the following is NOT a component of external environment analysisSelect correct option Customer satisfaction feedback Global impacts Legal issues within the industry Competitive position of rival companiesQuestion 15 of 20 ( Start time 103223 PM ) Total Marks 1Which of the following is the first step in the controlling function of managementSelect correct option Take corrective actions Restrict breaks employees take Evaluate expense reports Establish performance standards Controlling consists of four basic steps1 Establishing performance standards2 Measuring individual and organizational performance3 Comparing actual performance to planned performance standards4 Taking corrective actionsQuestion 16 of 20 ( Start time 103242 PM ) Total Marks 1Test marketing is commonly applied by which of the following companiesSelect correct option Industrial goods companies Consumer goods companies Public sector companies

Private sector companiesTest marketing is used more frequently by consumer goods companies than by industrialgoods companiesQuestion 17 of 20 ( Start time 103301 PM ) Total Marks 1When the Chief Executive of a chain of pharmacies decided to sell off or close some of the locations that were not profitable he was performing which of the management functionSelect correct option Leading Planning Controlling OrganizingQuestion 18 of 20 ( Start time 103329 PM ) Total Marks 1Strategic management integrates all of the following areas EXCEPTSelect correct option Management Marketing Research and development Human resource management Strategic ManagementRoute to Success It integrates Marketing Management Finance Research amp DevelopmentQuestion 19 of 20 ( Start time 103356 PM ) Total Marks 1Which of the following is best identified as a statement that presents ldquoa firms big picture statement describing a desired end-state general in scope and not restrictiverdquoSelect correct option Corporate philosophy statement Company creed Vision statement Mission statementA vision statement is sometimes called a picture of your company in the future but itrsquos so much more than thatQuestion 20 of 20 ( Start time 103428 PM ) Total Marks 1Which of the following is not a strategy-implementation activitySelect correct option Long term goals and objectives Developing strategy supportive culture Redirecting marketing efforts

Developing and utilizing information systemhttpwwwicmapcompkqp_s2kx05-s603-mabs_sanspdfQuestion 1 of 20 ( Start time 103928 PM ) Total Marks 1In which of the following phase of strategic management annual objectives are especially importantSelect correct option Formulation Evaluation Implementation Management

bull Strategy Implementation Policies Annual Objectives Resource Allocation

bull Employee Motivation

Question 2 of 20 ( Start time 103945 PM ) Total Marks 1Which of the following arise when a company can take advantage of conditions in its environment to formulate and implement strategies that enable it to become more profitableSelect correct option Strengths Opportunities Weaknesses Threatshttpwwwdrugswellcomwinow+winowBest20Notes20of20Strategy36917065-Best-Notes-of-StrategyhtmQuestion 3 of 20 ( Start time 104008 PM ) Total Marks 1ldquoA Good mission statement identifies the utility of a firms products to its customersrdquo which of the following represents this statementSelect correct option Organizationrsquos philosophy Customer orientation Social policy Declaration of attitude(Handout page 24)Question 4 of 20 ( Start time 104032 PM ) Total Marks 1The purpose of an external audit is to prepare a list of which of the followingSelect correct option Opportunities and weaknesses

Developing and utilizing information systemhttpwwwicmapcompkqp_s2kx05-s603-mabs_sanspdfQuestion 1 of 20 ( Start time 103928 PM ) Total Marks 1In which of the following phase of strategic management annual objectives are especially importantSelect correct option Formulation Evaluation Implementation Management

bull Strategy Implementation Policies Annual Objectives Resource Allocation

bull Employee Motivation

Question 2 of 20 ( Start time 103945 PM ) Total Marks 1Which of the following arise when a company can take advantage of conditions in its environment to formulate and implement strategies that enable it to become more profitableSelect correct option Strengths Opportunities Weaknesses Threatshttpwwwdrugswellcomwinow+winowBest20Notes20of20Strategy36917065-Best-Notes-of-StrategyhtmQuestion 3 of 20 ( Start time 104008 PM ) Total Marks 1ldquoA Good mission statement identifies the utility of a firms products to its customersrdquo which of the following represents this statementSelect correct option Organizationrsquos philosophy Customer orientation Social policy Declaration of attitude(Handout page 24)Question 4 of 20 ( Start time 104032 PM ) Total Marks 1The purpose of an external audit is to prepare a list of which of the followingSelect correct option Opportunities and weaknesses

Threats and strengths Opportunities and threats Strengths and weaknessesAn external audit reveals key opportunities and threats confronting an organization Question 5 of 20 ( Start time 104052 PM ) Total Marks 1Which management function includes breaking tasks into jobs combining jobs to form departments and delegating authoritySelect correct option Motivating Staffing Organizing Planning(Handout page 56)Question 6 of 20 ( Start time 104119 PM ) Total Marks 1Integration strategies are sometimes collectively referred to as which of these strategiesSelect correct option Horizontal integration Forward integration Hierarchical integration Vertical integration Forward integration backward integration and horizontal integration are sometimes collectively referred to as vertical integration strategiesQuestion 7 of 20 ( Start time 104137 PM ) Total Marks 1Which of the following are developed in strategy implementation phase of strategic managementSelect correct option Vision and mission Annual objectives Strengths and weaknesses Opportunities and threatsQuestion 8 of 20 ( Start time 104153 PM ) Total Marks 1External assessment is performed in which of the strategic management phaseSelect correct option Strategy formulation stage Strategy implementation stage Strategy evaluation stage

All of the given optionsStrategy Evaluation Fundamental Activities

bull Internal assessment bull External assessmentbull Measuring performance bull Remedial measurersFine tuning

Question 9 of 20 ( Start time 104208 PM ) Total Marks 1Which of these strategies is effective when the number of suppliers is small and the number of competitors is largeSelect correct option Conglomerate diversification Forward integration Backward integration Horizontal diversificationQuestion 10 of 20 ( Start time 104244 PM ) Total Marks 1ldquoA desired future state that the organization attempts to realizerdquo Identify the term relevant to the given statementSelect correct option Goal Strategy Policy Procedurehttpwwwslidesharenetgar_devorganizational-planning-goal-settingQuestion 11 of 20 ( Start time 104303 PM ) Total Marks 1In the process of developing a mission statement which of the following is CORRECTSelect correct option To involve as few managers as possible To involve as many managers as possible To involve upper-level management only To involve the board of directors onlyhttpbaehrischcommediapool85850919dataSpring11_StratMgtQuestionsCh2pdfQuestion 12 of 20 ( Start time 104324 PM ) Total Marks 1Which of the follwoing are the guidelines of decision makingSelect correct option Laws Rules Policies Goals

All of the given optionsStrategy Evaluation Fundamental Activities

bull Internal assessment bull External assessmentbull Measuring performance bull Remedial measurersFine tuning

Question 9 of 20 ( Start time 104208 PM ) Total Marks 1Which of these strategies is effective when the number of suppliers is small and the number of competitors is largeSelect correct option Conglomerate diversification Forward integration Backward integration Horizontal diversificationQuestion 10 of 20 ( Start time 104244 PM ) Total Marks 1ldquoA desired future state that the organization attempts to realizerdquo Identify the term relevant to the given statementSelect correct option Goal Strategy Policy Procedurehttpwwwslidesharenetgar_devorganizational-planning-goal-settingQuestion 11 of 20 ( Start time 104303 PM ) Total Marks 1In the process of developing a mission statement which of the following is CORRECTSelect correct option To involve as few managers as possible To involve as many managers as possible To involve upper-level management only To involve the board of directors onlyhttpbaehrischcommediapool85850919dataSpring11_StratMgtQuestionsCh2pdfQuestion 12 of 20 ( Start time 104324 PM ) Total Marks 1Which of the follwoing are the guidelines of decision makingSelect correct option Laws Rules Policies Goals

Policies are the means by which annual objectives will be achieved Policies include guidelinesQuestion 15 of 20 ( Start time 104412 PM ) Total Marks 1Which of the following step in the strategic development process involves mobilizing employees and managers to put strategies into actionSelect correct option Formulating strategy Strategy evaluation Implementing strategy Strategy planningStrategy Implementation This is the action phaseQuestion 16 of 20 ( Start time 104430 PM ) Total Marks 1What happens to the demand for discretionary goods when interest rates riseSelect correct option Rises Declines Remains the same First rises then declinesInterest rates rise discretionary income declines and the demand for discretionary goods fallsQuestion 18 of 20 ( Start time 104517 PM ) Total Marks 1The total weighted score of IFE matrix developed for XYZ corporation is 35 Which of the following statement is TRUE about XYZ Corporation in the light of IFE matrix total weighted scoreSelect correct option Corporation has strong external position Corporation has weak internal position Corporation has strong internal position Corporation has weak external positionQuestion 19 of 20 ( Start time 104541 PM ) Total Marks 1Internal analysis involves gathering and analyzing the information about all areas of a firm EXPECTSelect correct option Research and development Management information system Marketing Competitors Question 3 of 20 ( Start time 105124 PM ) Total Marks 1Establishing and implementing ways of making things work is known as

Select correct option Planning Organizing Leading Controllinghttpwwwtmscomautms12-2chtmlQuestion 4 of 20 ( Start time 105149 PM ) Total Marks 1Which type of trend can be exemplified by the increase in average level of education in a societySelect correct option Social Economic Cultural TechnologicalQuestion 7 of 20 ( Start time 105248 PM ) Total Marks 1Which statement is CORRECT about strategic-management processSelect correct option It occurs once a year It is a continuous process It applies mostly to large business It applies mostly to small businessesQuestion 8 of 20 ( Start time 105319 PM ) Total Marks 1Which of the following is the benefit of strategic managementSelect correct option Fewer complexes More complex Less static More profitable Question 9 of 20 ( Start time 105336 PM ) Total Marks 1Which one of the following dimensions is NOT a recommended component of a mission statementSelect correct option Self-concept Markets Strategies CustomersQuestion 10 of 20 ( Start time 105400 PM ) Total Marks 1Lack of access to key distribution channel indicates which of the followingSelect correct option Strength

Select correct option Planning Organizing Leading Controllinghttpwwwtmscomautms12-2chtmlQuestion 4 of 20 ( Start time 105149 PM ) Total Marks 1Which type of trend can be exemplified by the increase in average level of education in a societySelect correct option Social Economic Cultural TechnologicalQuestion 7 of 20 ( Start time 105248 PM ) Total Marks 1Which statement is CORRECT about strategic-management processSelect correct option It occurs once a year It is a continuous process It applies mostly to large business It applies mostly to small businessesQuestion 8 of 20 ( Start time 105319 PM ) Total Marks 1Which of the following is the benefit of strategic managementSelect correct option Fewer complexes More complex Less static More profitable Question 9 of 20 ( Start time 105336 PM ) Total Marks 1Which one of the following dimensions is NOT a recommended component of a mission statementSelect correct option Self-concept Markets Strategies CustomersQuestion 10 of 20 ( Start time 105400 PM ) Total Marks 1Lack of access to key distribution channel indicates which of the followingSelect correct option Strength

Weakness Opportunity ThreatQuestion 11 of 20 ( Start time 105420 PM ) Total Marks 1Which one of the following is NOT a basic mission of a competitive intelligence programSelect correct option To provide a general understanding of an industry To provide a general understanding of a companyrsquos competitors To identify industry executives who could be hired by the firm To identify potential moves a competitor might make that would endanger a firmQuestion 12 of 20 ( Start time 105445 PM ) Total Marks 1Investment decisions are also known asSelect correct option Business finance Capital structure Capital budgeting Dividend policyQuestion 13 of 20 ( Start time 105505 PM ) Total Marks 1HTML stands for which of the followingSelect correct option Hybrid text markup language Hypertext Markup Language Hyper text manufacture language Highly technical markup languageQuestion 14 of 20 ( Start time 105521 PM ) Total Marks 1 which the amount of funds that are retained in a firm compared to the amount paid out to stockholdersSelect correct option Financing Investment Capital Dividend Question 15 of 20 ( Start time 105538 PM ) Total Marks 1Assessment of competitive rivalry does NOT include an understanding of which of the followingSelect correct option Mergers and acquisition in industry Market growth rates

Exit barriers and operational efficiency of competitor The management structure of an organization httpwpspearsonedcoukema_uk_he_johnson_excorpstrat_72666771709382cwcontentindexhtmlQuestion 16 of 20 ( Start time 105557 PM ) Total Marks 1Effective mission statements donrsquot have one of the following featuresSelect correct option Generate range of feasible strategic alternatives Reconcile interests among diverse stakeholders What does the firm want to become (P17) Provide criteria for selecting strategiesQuestion 17 of 20 ( Start time 105616 PM ) Total Marks 1Identify the stages of strategic management process in a precise sequenceSelect correct option Strategy evaluation strategy formulation amp strategy implementation Strategy evaluation strategy implementation amp strategy formulation Strategy formulation strategy implementation amp strategy evaluation Strategy implementation strategy evaluation amp strategy formulationQuestion 18 of 20 ( Start time 105643 PM ) Total Marks 1Which component of a mission statement addresses the firmrsquos distinctive competence or major competitive advantageSelect correct option Technology Philosophy Customers Self-concept Question 19 of 20 ( Start time 105704 PM ) Total Marks 1The mission statement answers which of the following questionSelect correct option What is our business How can we improve ourselves What do we want to become Who are our stakeholders Question 20 of 20 ( Start time 105718 PM ) Total Marks 1Which of the following best describes this statement ldquoa Systematic and ethical process for gathering and analyzing information about the competitionrsquos activities and general business trends to further a businessrsquo own goalsrdquoSelect correct option

Exit barriers and operational efficiency of competitor The management structure of an organization httpwpspearsonedcoukema_uk_he_johnson_excorpstrat_72666771709382cwcontentindexhtmlQuestion 16 of 20 ( Start time 105557 PM ) Total Marks 1Effective mission statements donrsquot have one of the following featuresSelect correct option Generate range of feasible strategic alternatives Reconcile interests among diverse stakeholders What does the firm want to become (P17) Provide criteria for selecting strategiesQuestion 17 of 20 ( Start time 105616 PM ) Total Marks 1Identify the stages of strategic management process in a precise sequenceSelect correct option Strategy evaluation strategy formulation amp strategy implementation Strategy evaluation strategy implementation amp strategy formulation Strategy formulation strategy implementation amp strategy evaluation Strategy implementation strategy evaluation amp strategy formulationQuestion 18 of 20 ( Start time 105643 PM ) Total Marks 1Which component of a mission statement addresses the firmrsquos distinctive competence or major competitive advantageSelect correct option Technology Philosophy Customers Self-concept Question 19 of 20 ( Start time 105704 PM ) Total Marks 1The mission statement answers which of the following questionSelect correct option What is our business How can we improve ourselves What do we want to become Who are our stakeholders Question 20 of 20 ( Start time 105718 PM ) Total Marks 1Which of the following best describes this statement ldquoa Systematic and ethical process for gathering and analyzing information about the competitionrsquos activities and general business trends to further a businessrsquo own goalsrdquoSelect correct option

External assessment Industry analysis Competitive intelligence program Business ethics

David Chapter 3

Question 1 of 20 ( Start time 110128 PM ) Total Marks 1All of the following are included in the five functions of the management process EXCEPTSelect correct option Planning Organizing Leading DelegatingQuestion 2 of 20 ( Start time 110152 PM ) Total Marks 1Which of the following refers to the belief related to objectives setting that the future is laden with great uncertainty and that if we try and do not succeed then we hope our second (or third) attempt will succeedSelect correct option Managing by hope Managing by extrapolation Managing by crisis Managing by subjectives(Handout page 79)Question 3 of 20 ( Start time 110216 PM ) Total Marks 1Which of the following directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costsSelect correct option Marketing Opportunity analysis Research and development Management(Handout page 71)Question 4 of 20 ( Start time 110235 PM ) Total Marks 1All of these are pitfalls an organization should avoid in strategic planning EXCEPTSelect correct option Using plans as a standard for measuring performance

Using strategic planning to gain control over decisions and resources Failing to involve key employees in all phases of planning Being so formal in planning that flexibility and creativity are stifled(Handout page 14)Question 7 of 20 ( Start time 110327 PM ) Total Marks 1All of the specified approaches could be used to determine RampD budget allocation EXCEPTSelect correct option Financing as many projects as possible Using percentage-of-sales method Budgeting irrelative to competitors Deciding how many successful new products are needed(Handout page 72)Question 10 of 20 ( Start time 110420 PM ) Total Marks 1Which of the followings deals with the management of inputs transformations and outputs that vary across industries and marketsSelect correct option Marketing Finance Operations DistributionQuestion 11 of 20 ( Start time 110437 PM ) Total Marks 1Total weighted scores of IFE matrix below 25 characterizes an organizations asSelect correct option Organization is externally weak Organization is internally weak Organization is internally strong Organization is externally strongQuestion 12 of 20 ( Start time 110456 PM ) Total Marks 1All of the following are the broad categories of External forces EXCEPTSelect correct option Economic forces Socioeconomic forces Technological forces Competitive forcesQuestion 13 of 20 ( Start time 110521 PM ) Total Marks 1Din Mohammad a farmer sells his crops at the local market rather than to a distribution center This action of Din Mohammad comes under which of the following

Select correct option Backward integration Product development Forward integration Horizontal integrationhttpwwwinvestopediacomtermsfforwardintegrationaspQuestion 15 of 20 ( Start time 110602 PM ) Total Marks 1Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businessesSelect correct option Economic Competitive Social EnvironmentalTechnological advancements can create new competitive advantages that are more powerful than existing advantagesQuestion 16 of 20 ( Start time 110616 PM ) Total Marks 1Which one of the following is NOT a key external forceSelect correct option Social responsibility Ozone reduction Company management Energy conservationQuestion 17 of 20 ( Start time 110634 PM ) Total Marks 1Which of the following is NOT a characteristic of well-constructed goalsSelect correct option Address important issues Easy to remember Precise and measurable Challenging but realisticQuestion 19 of 20 ( Start time 110707 PM ) Total Marks 1What is the first step in the comprehensive strategic-management modelSelect correct option Performing external audits Developing vision and mission statements Performing internal audits Measuring and evaluating performance(Handout page 29)Question 13 of 20 ( Start time 054344 PM ) Total Marks 1

Select correct option Backward integration Product development Forward integration Horizontal integrationhttpwwwinvestopediacomtermsfforwardintegrationaspQuestion 15 of 20 ( Start time 110602 PM ) Total Marks 1Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businessesSelect correct option Economic Competitive Social EnvironmentalTechnological advancements can create new competitive advantages that are more powerful than existing advantagesQuestion 16 of 20 ( Start time 110616 PM ) Total Marks 1Which one of the following is NOT a key external forceSelect correct option Social responsibility Ozone reduction Company management Energy conservationQuestion 17 of 20 ( Start time 110634 PM ) Total Marks 1Which of the following is NOT a characteristic of well-constructed goalsSelect correct option Address important issues Easy to remember Precise and measurable Challenging but realisticQuestion 19 of 20 ( Start time 110707 PM ) Total Marks 1What is the first step in the comprehensive strategic-management modelSelect correct option Performing external audits Developing vision and mission statements Performing internal audits Measuring and evaluating performance(Handout page 29)Question 13 of 20 ( Start time 054344 PM ) Total Marks 1

Strategy formulation stage includes all of the following EXCEPTSelect correct optionVision and missionStrength and weaknessOpportunities and threatsAnnual objectivesQuestion 20 of 20 ( Start time 054600 PM ) Total Marks 1Exclusive access to high grade natural resources is an example of which of the followingSelect correct optionStrengthWeaknessOpportunityThreat(Handout page 8)Question 10 of 20 ( Start time 055241 PM ) Total Marks 1Which of the following environment includes all those factors which affect the organization and itself affected by the organizationSelect correct optionExternal environmentSocial environmentTask environmentInternal environment(Handout page 8)Question 7 of 20 ( Start time 060240 PM ) Total Marks 1Intuition is based on all of the following factors EXCEPTSelect correct optionPast experiencesJudgmentsUncertaintiesFeelingsIntuition rests on Past experiences - Judgment - FeelingsQuestion 8 of 20 ( Start time 060307 PM ) Total Marks 1In adapting to change an organization must monitor which of the followingSelect correct optionOngoing processesInternal and external eventsTimely changesAll of the given options(Handout page 6)

Question 14 of 20 ( Start time 060435 PM ) Total Marks 1All of the following statements are true about a firmrsquos mission statement EXPECTSelect correct optionA mission statement does not directly contribute positively to financial performanceA mission statement directly contributes positively to financial performanceA mission statement should not provide useful criteria for selecting among alternativestrategiesPrimary reason to develop a mission statement is not to attract the customersQuestion 9 of 20 ( Start time 060932 PM ) Total Marks 1Which of the following statement is TRUE about a Vision statement of a companySelect correct optionIt concentrates on futureIt defines the customersIt identify critical processesIt informs about the desired level of performanceQuestion 5 of 20 ( Start time 062051 PM ) Total Marks 1All of the following fall under Pricing decisions EXCEPTSelect correct optionDiscountsCredit termsMarkupsDealer relations(Handout page 62)Question 5 of 20 ( Start time 062720 PM ) Total Marks 1Financial ratios are helpful in analyzing the relationship among which of the followingSelect correct optionAll assets and liabilitiesProfits and costsAll functional areas of businessSales and profitabilityQuestion 14 of 20 ( Start time 033212 PM ) Total Marks 1A system of several rites connected with a single occasion or event is known asSelect correct optionMyth

CeremonialSagaLegendCeremonial A system of several rites connected with a single occasion or eventQuestion 19 of 20 ( Start time 033306 PM ) Total Marks 1Which category of ratios measures a firmrsquos ability to meet maturing short-term obligationsSelect correct optionProfitabilityLeverageLiquidityActivityQuestion 2 of 20 ( Start time 022146 AM ) Total Marks 1All of the following are the outputs of a system EXCEPTSelect correct optionTablesChartsDataGraphsOutputs include computer printouts written reports tables charts graphs checks purchase orders invoices inventory records payroll accounts and a variety of other documentsQuestion 3 of 20 ( Start time 022228 AM ) Total Marks 1Defensive strategies include all of the following EXCEPTSelect correct optionRetrenchmentAcquisitionDivestitureLiquidationDefensive Strategies In addition to integrative intensive and diversification strategies organizations also could pursue retrenchment divestiture or liquidationQuestion 5 of 20 ( Start time 022311 AM ) Total Marks 1The XYZ Organization has a statement that describes the needs for which the organization was created to fill and answers the basic question of why the organization exists XYZ is most likely to have any one of the following

Select correct optionStrategyVision statementMission statementFunctional tacticshttpwwwboardsourceorgKnowledgeaspID=1262Question 6 of 20 ( Start time 022323 AM ) Total Marks 1Which group would be classified as a stakeholderSelect correct optionCommunitiesBanksSuppliersAll of the given optionsQuestion 7 of 20 ( Start time 022331 AM ) Total Marks 1Which of the following statements is NOT correct about a mission statementSelect correct optionIt contains the definition of the companys businessIt is called the picture of a companyrsquos futureIt is a statement containing the companys major goalsIt is known as statement of the corporate philosophyQuestion 10 of 20 ( Start time 022600 AM ) Total Marks 1Financial benefits of strategic management includes all of the following EXCEPTSelect correct optionProgression in profitabilityImprovement in employee productivityExpansion in the sales of businessEnhancement in productivityFinancial benefits1048707 Improved productivity1048707 Improved sales1048707 Improved profitabilityQuestion 11 of 20 ( Start time 022623 AM ) Total Marks 1The organizations that conduct business operations across national borders are known as which of the followingSelect correct optionDomestic firmsMultinational corporationsParent companies

Question 14 of 20 ( Start time 060435 PM ) Total Marks 1All of the following statements are true about a firmrsquos mission statement EXPECTSelect correct optionA mission statement does not directly contribute positively to financial performanceA mission statement directly contributes positively to financial performanceA mission statement should not provide useful criteria for selecting among alternativestrategiesPrimary reason to develop a mission statement is not to attract the customersQuestion 9 of 20 ( Start time 060932 PM ) Total Marks 1Which of the following statement is TRUE about a Vision statement of a companySelect correct optionIt concentrates on futureIt defines the customersIt identify critical processesIt informs about the desired level of performanceQuestion 5 of 20 ( Start time 062051 PM ) Total Marks 1All of the following fall under Pricing decisions EXCEPTSelect correct optionDiscountsCredit termsMarkupsDealer relations(Handout page 62)Question 5 of 20 ( Start time 062720 PM ) Total Marks 1Financial ratios are helpful in analyzing the relationship among which of the followingSelect correct optionAll assets and liabilitiesProfits and costsAll functional areas of businessSales and profitabilityQuestion 14 of 20 ( Start time 033212 PM ) Total Marks 1A system of several rites connected with a single occasion or event is known asSelect correct optionMyth

CeremonialSagaLegendCeremonial A system of several rites connected with a single occasion or eventQuestion 19 of 20 ( Start time 033306 PM ) Total Marks 1Which category of ratios measures a firmrsquos ability to meet maturing short-term obligationsSelect correct optionProfitabilityLeverageLiquidityActivityQuestion 2 of 20 ( Start time 022146 AM ) Total Marks 1All of the following are the outputs of a system EXCEPTSelect correct optionTablesChartsDataGraphsOutputs include computer printouts written reports tables charts graphs checks purchase orders invoices inventory records payroll accounts and a variety of other documentsQuestion 3 of 20 ( Start time 022228 AM ) Total Marks 1Defensive strategies include all of the following EXCEPTSelect correct optionRetrenchmentAcquisitionDivestitureLiquidationDefensive Strategies In addition to integrative intensive and diversification strategies organizations also could pursue retrenchment divestiture or liquidationQuestion 5 of 20 ( Start time 022311 AM ) Total Marks 1The XYZ Organization has a statement that describes the needs for which the organization was created to fill and answers the basic question of why the organization exists XYZ is most likely to have any one of the following

Select correct optionStrategyVision statementMission statementFunctional tacticshttpwwwboardsourceorgKnowledgeaspID=1262Question 6 of 20 ( Start time 022323 AM ) Total Marks 1Which group would be classified as a stakeholderSelect correct optionCommunitiesBanksSuppliersAll of the given optionsQuestion 7 of 20 ( Start time 022331 AM ) Total Marks 1Which of the following statements is NOT correct about a mission statementSelect correct optionIt contains the definition of the companys businessIt is called the picture of a companyrsquos futureIt is a statement containing the companys major goalsIt is known as statement of the corporate philosophyQuestion 10 of 20 ( Start time 022600 AM ) Total Marks 1Financial benefits of strategic management includes all of the following EXCEPTSelect correct optionProgression in profitabilityImprovement in employee productivityExpansion in the sales of businessEnhancement in productivityFinancial benefits1048707 Improved productivity1048707 Improved sales1048707 Improved profitabilityQuestion 11 of 20 ( Start time 022623 AM ) Total Marks 1The organizations that conduct business operations across national borders are known as which of the followingSelect correct optionDomestic firmsMultinational corporationsParent companies

CeremonialSagaLegendCeremonial A system of several rites connected with a single occasion or eventQuestion 19 of 20 ( Start time 033306 PM ) Total Marks 1Which category of ratios measures a firmrsquos ability to meet maturing short-term obligationsSelect correct optionProfitabilityLeverageLiquidityActivityQuestion 2 of 20 ( Start time 022146 AM ) Total Marks 1All of the following are the outputs of a system EXCEPTSelect correct optionTablesChartsDataGraphsOutputs include computer printouts written reports tables charts graphs checks purchase orders invoices inventory records payroll accounts and a variety of other documentsQuestion 3 of 20 ( Start time 022228 AM ) Total Marks 1Defensive strategies include all of the following EXCEPTSelect correct optionRetrenchmentAcquisitionDivestitureLiquidationDefensive Strategies In addition to integrative intensive and diversification strategies organizations also could pursue retrenchment divestiture or liquidationQuestion 5 of 20 ( Start time 022311 AM ) Total Marks 1The XYZ Organization has a statement that describes the needs for which the organization was created to fill and answers the basic question of why the organization exists XYZ is most likely to have any one of the following

Select correct optionStrategyVision statementMission statementFunctional tacticshttpwwwboardsourceorgKnowledgeaspID=1262Question 6 of 20 ( Start time 022323 AM ) Total Marks 1Which group would be classified as a stakeholderSelect correct optionCommunitiesBanksSuppliersAll of the given optionsQuestion 7 of 20 ( Start time 022331 AM ) Total Marks 1Which of the following statements is NOT correct about a mission statementSelect correct optionIt contains the definition of the companys businessIt is called the picture of a companyrsquos futureIt is a statement containing the companys major goalsIt is known as statement of the corporate philosophyQuestion 10 of 20 ( Start time 022600 AM ) Total Marks 1Financial benefits of strategic management includes all of the following EXCEPTSelect correct optionProgression in profitabilityImprovement in employee productivityExpansion in the sales of businessEnhancement in productivityFinancial benefits1048707 Improved productivity1048707 Improved sales1048707 Improved profitabilityQuestion 11 of 20 ( Start time 022623 AM ) Total Marks 1The organizations that conduct business operations across national borders are known as which of the followingSelect correct optionDomestic firmsMultinational corporationsParent companies

Select correct optionStrategyVision statementMission statementFunctional tacticshttpwwwboardsourceorgKnowledgeaspID=1262Question 6 of 20 ( Start time 022323 AM ) Total Marks 1Which group would be classified as a stakeholderSelect correct optionCommunitiesBanksSuppliersAll of the given optionsQuestion 7 of 20 ( Start time 022331 AM ) Total Marks 1Which of the following statements is NOT correct about a mission statementSelect correct optionIt contains the definition of the companys businessIt is called the picture of a companyrsquos futureIt is a statement containing the companys major goalsIt is known as statement of the corporate philosophyQuestion 10 of 20 ( Start time 022600 AM ) Total Marks 1Financial benefits of strategic management includes all of the following EXCEPTSelect correct optionProgression in profitabilityImprovement in employee productivityExpansion in the sales of businessEnhancement in productivityFinancial benefits1048707 Improved productivity1048707 Improved sales1048707 Improved profitabilityQuestion 11 of 20 ( Start time 022623 AM ) Total Marks 1The organizations that conduct business operations across national borders are known as which of the followingSelect correct optionDomestic firmsMultinational corporationsParent companies

FranchisesQuestion 14 of 20 ( Start time 022759 AM ) Total Marks 1Principles of conduct that guide decision-making are known asSelect correct optionHuman rightsBusiness ethicsThe constitutionSocial responsibilityBusiness ethics can be defined as principles of conduct within organizations that guide decision making and behaviorQuestion 16 of 20 ( Start time 022904 AM ) Total Marks 1What is the systematic gathering recording and analyzing of data about problems relating to the marketing of goods and servicesSelect correct optionManagementPlanningMarketing ResearchMarket segmentationMarketing research is the systematic gathering recording and analyzing of data about problems relating to the marketing of goods and servicesQuestion 17 of 20 ( Start time 022944 AM ) Total Marks 1Where an organization takes into account the effect of its strategic decisions on the society the firm is taking care of which of theseSelect correct optionCorporate governanceBusiness policyBusiness ethicsSocial policyAn organizations social policy should be integrated into all strategic-management activities including the development of a mission statementQuestion 18 of 20 ( Start time 023008 AM ) Total Marks 1Which of the following term represents the enduring statement of purpose that distinguish one business from other similar firmsSelect correct optionVisionStrategyMission

TacticsMission statements are enduring statements of purpose that distinguish one business from other similar firmsQuestion 19 of 20 ( Start time 023025 AM ) Total Marks 1Which of the following are the factors that concern the nature and direction of the economy in which a firm operatesSelect correct optionTechnologicalEcologicalSocialEconomichttpwwwstrategy-formulation24xlscomen105Question 20 of 20 ( Start time 023040 AM ) Total Marks 1Local state and national elections world oil currency and labor markets number of patents special tariffs are the examples of which one of the followingSelect correct optionEconomic forcesSocial cultural and demographic forcesPolitical governmental and legal forcesCompetitive forcesQuestion 1 of 20 ( Start time 024734 AM ) Total Marks 1All of the following are the basic functions of marketing EXCEPTSelect correct optionSelling productsservicesProduct and service planningMarketing researchArranging for financeQuestion 3 of 20 ( Start time 024808 AM ) Total Marks 1The analysis of industryrsquos major competitorsrsquo strengths may give an insight of which one of theseSelect correct optionKey threats for the firmKey opportunities for the firmBoth opportunities and strengths for the firmNone of the given optionsQuestion 4 of 20 ( Start time 024822 AM ) Total Marks 1Which of the following is the process of influencing people to accomplish specific objectives

TacticsMission statements are enduring statements of purpose that distinguish one business from other similar firmsQuestion 19 of 20 ( Start time 023025 AM ) Total Marks 1Which of the following are the factors that concern the nature and direction of the economy in which a firm operatesSelect correct optionTechnologicalEcologicalSocialEconomichttpwwwstrategy-formulation24xlscomen105Question 20 of 20 ( Start time 023040 AM ) Total Marks 1Local state and national elections world oil currency and labor markets number of patents special tariffs are the examples of which one of the followingSelect correct optionEconomic forcesSocial cultural and demographic forcesPolitical governmental and legal forcesCompetitive forcesQuestion 1 of 20 ( Start time 024734 AM ) Total Marks 1All of the following are the basic functions of marketing EXCEPTSelect correct optionSelling productsservicesProduct and service planningMarketing researchArranging for financeQuestion 3 of 20 ( Start time 024808 AM ) Total Marks 1The analysis of industryrsquos major competitorsrsquo strengths may give an insight of which one of theseSelect correct optionKey threats for the firmKey opportunities for the firmBoth opportunities and strengths for the firmNone of the given optionsQuestion 4 of 20 ( Start time 024822 AM ) Total Marks 1Which of the following is the process of influencing people to accomplish specific objectives

Select correct optionStaffingMotivatingControllingOrganizingMotivating1048707 Influencing people to accomplish specific objectivesQuestion 6 of 20 ( Start time 024930 AM ) Total Marks 1Which category of ratios measures ldquohow effectively a firm can maintain its economic position in the growth of the economy and industryrdquoSelect correct optionLiquidityLeverageActivityGrowthGrowth ratios measure the firms ability to maintain its economic position in the growth of the economy and industryQuestion 7 of 20 ( Start time 025043 AM ) Total Marks 1Of the following which one would NOT be considered one of the components of a mission statementSelect correct optionThe target market for XYZ is oil and gas producers as well as producers of chemicalsXYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customersThe customers of XYZ shall include global and local consumers of gas and oil products and domestic users of nontoxic chemicalsThe technologies utilized by XYZ shall focus upon development of alternative sources of gas and oil so as to remain competitive within the industryhttphigheredmcgraw-hillcomsites0073054224student_view0chapter2multiple_choice_quizhtmlQuestion 10 of 20 ( Start time 025251 AM ) Total Marks 1Buyers can exercise high bargaining power over their suppliers under which one of the following conditionsSelect correct optionWhen there are many good substitutes of raw materialThere are few buyers in the marketThey have few suppliers to choose from

There is a high concentration of suppliershttpwpspearsonedcoukema_uk_he_johnson_excorpstrat_72666771709382cwcontentindexhtmlQuestion 11 of 20 ( Start time 025342 AM ) Total Marks 1Which of the following period strategic management was considered to be cure for all problemsSelect correct optionMid 1950s to mid 1960sMid 1960s to mid 1970sMid 1970s to mid 1980sMid 1980s to mid 1990sQuestion 17 of 20 ( Start time 025503 AM ) Total Marks 1Which of the following can be considered one of the factors of external opportunities and threats of an organizationSelect correct optionProduction operationsResearch amp developmentCompetitive trendsManagement information systemcompetitive trends and events that could significantly benefit or harm an organization in the futureQuestion 18 of 20 ( Start time 025526 AM ) Total Marks 1Which of the following ties all business functions together and provides the basis for all managerial decisionsSelect correct optionMarketingInformationTechnologyWorkforceInformation ties all business functions together and provides the basis for all managerial decisionsQuestion 19 of 20 ( Start time 025619 AM ) Total Marks 1To whom a planning horizon of two to five years appliesSelect correct optionTop managementMiddle managementLower managementAll levels

The time horizon for planning decreases from two to five years for top-level to less than six months for lower-level managersQuestion 20 of 20 ( Start time 025739 AM ) Total Marks 1When an industry relies heavily on government contracts which of the following is important for the firm to foresee as a part of its external auditSelect correct optionEconomic forcesPolitical forcesTechnological forcesCompetitive forcesQuestion 1 of 20 ( Start time 061137 PM ) Total Marks 1Which of the following can reveal the demographic characteristics of an organizationrsquos customersSelect correct optionCustomer profilingTest marketingMarket developmentThe vision statementCustomer profiles can reveal the demographic characteristics of an organizations customersQuestion 2 of 20 ( Start time 061237 PM ) Total Marks 1Which of the following is the greatest advantage of international operationsSelect correct optionReduced tariffs and taxesAccess to global business practicesGaining new customersLess-intense competitionhttpwwwscribdcomdoc3080206412The-Nature-of-Global-CompetitionQuestion 5 of 20 ( Start time 061335 PM ) Total Marks 1What is the range for a firmrsquos total weighted score in an External Factor Evaluation MatrixSelect correct option0 to 50 to 41 to 51 to 4Assign a 1-to-4 rating to each key external factor to indicate how effectively the firms current strategies respond to the factor

Question 8 of 20 ( Start time 061510 PM ) Total Marks 1Choose the economic variable from the listSelect correct optionAttitudes toward businessAttitudes toward product qualityPopulation changes by raceStock market trendsQuestion 11 of 20 ( Start time 061545 PM ) Total Marks 1In Competitive Profile Matrix the rating 4 indicates whatSelect correct optionMajor weaknessMajor strengthMinor strengthMinor weaknessQuestion 13 of 20 ( Start time 061720 PM ) Total Marks 1Corporate social policy should be designed and articulated during which phase of strategic managementSelect correct optionImplementationFormulationEvaluationManagementCorporate social policy should be designed and articulated during strategy formulationQuestion 17 of 20 ( Start time 061806 PM ) Total Marks 1While preparing an External Factor Evaluation matrix a total score of 08 indicates whatSelect correct optionFirm is taking advantages of strengths and avoiding threatsFirm is not taking advantages of opportunities and is avoiding threatsFirm is not taking advantages of opportunities and is not avoiding threatsFirm is taking advantage of opportunities and is avoiding the threatsQuestion 18 of 20 ( Start time 061927 PM ) Total Marks 1All of the following are the key opportunities or threats in external environment because of Political Govt amp lLegal force EXCEPTSelect correct optionTax ratesTrust in governmentPak-India relationships

Patent lawsQuestion 19 of 20 ( Start time 061944 PM ) Total Marks 1Identify the term that is known as a ldquomean of providing guidance to actions and procedures including how resources are to be allocated and how tasks assigned to the organization might be accomplishedrdquoSelect correct optionAspirationsObjectivesPoliciesGoalshttpwwwintroduction-to-management24xlscomen210Question 5 of 20 ( Start time 065234 PM ) Total Marks 1All of the following are the key questions that can reveal internal strengths and weaknesses in the management department EXCEPTSelect correct optionIs the organizationrsquos structure appropriateAre reward and control mechanisms effectiveAre the organizationrsquos products positioned wellDoes the firm use strategic management conceptsQuestion 6 of 20 ( Start time 065323 PM ) Total Marks 1Integration strategies allow a firm to gain control over all of the following EXCEPTSelect correct optionDistributorsInvestorsSuppliersCompetitorsAllow a firm to gain control over1048707 Distributors (forward integration) 1048707 Suppliers (backward integration) 1048707 Competitors (horizontal integration)Question 11 of 20 ( Start time 065610 PM ) Total Marks 1Which one of the following area can be the weakness of a firmSelect correct optionChanging lifestyleHigh oil pricesIneffective MarketingIncreasing pollutionQuestion 12 of 20 ( Start time 065651 PM ) Total Marks 1All of the following are the types of Profitability ratios EXCEPTSelect correct option

Patent lawsQuestion 19 of 20 ( Start time 061944 PM ) Total Marks 1Identify the term that is known as a ldquomean of providing guidance to actions and procedures including how resources are to be allocated and how tasks assigned to the organization might be accomplishedrdquoSelect correct optionAspirationsObjectivesPoliciesGoalshttpwwwintroduction-to-management24xlscomen210Question 5 of 20 ( Start time 065234 PM ) Total Marks 1All of the following are the key questions that can reveal internal strengths and weaknesses in the management department EXCEPTSelect correct optionIs the organizationrsquos structure appropriateAre reward and control mechanisms effectiveAre the organizationrsquos products positioned wellDoes the firm use strategic management conceptsQuestion 6 of 20 ( Start time 065323 PM ) Total Marks 1Integration strategies allow a firm to gain control over all of the following EXCEPTSelect correct optionDistributorsInvestorsSuppliersCompetitorsAllow a firm to gain control over1048707 Distributors (forward integration) 1048707 Suppliers (backward integration) 1048707 Competitors (horizontal integration)Question 11 of 20 ( Start time 065610 PM ) Total Marks 1Which one of the following area can be the weakness of a firmSelect correct optionChanging lifestyleHigh oil pricesIneffective MarketingIncreasing pollutionQuestion 12 of 20 ( Start time 065651 PM ) Total Marks 1All of the following are the types of Profitability ratios EXCEPTSelect correct option

Net profit marginInventory turnoverReturn on total assetsEarnings per shareQuestion 13 of 20 ( Start time 065748 PM ) Total Marks 1Which of the following can be best described as short-term in natureSelect correct optionMission statementsAnnual objectivesStrategiesVision statementQuestion 19 of 20 ( Start time 065848 PM ) Total Marks 1Internal strengths and weaknesses that can significantly benefit or harm an organization may include all of the following EXCEPTSelect correct optionProduction operationsResearch amp developmentE-commerceManagement information systemThey arise in the management marketing financeaccounting productionoperations research and development and computer information systems activities of a businessQuestion 20 of 20 ( Start time 065900 PM ) Total Marks 1Assigning a rate=2 in IFE matrix indicates whatSelect correct optionA major weaknessA minor weaknessA minor strengthA major strengthQuestion 8 of 20 ( Start time 072955 PM ) Total Marks 1Which of the following is one of the Political Governmental amp legal factorsSelect correct optionEthical concernsTraffic congestionLobbying activitiesAverage level of educationQuestion 16 of 20 ( Start time 073252 PM ) Total Marks 1Which of the following can be the weakness of an organization

Select correct optionPrice warPoor location of businessIncreased trade barriersInnovative substitute productQuestion 3 of 20 ( Start time 082050 PM ) Total Marks 1Which of the following marketing entity is NOT an intermediarySelect correct optionBrokersAgentsProducerVendorsQuestion 4 of 20 ( Start time 082209 PM ) Total Marks 1Which of the following is the best example for achieving long-term objectivesSelect correct optionStrengthsStrategiesPoliciesOpportunitiesLong-term objectives represent the results expected from pursuing certain strategiesQuestion 5 of 20 ( Start time 082223 PM ) Total Marks 1Developing a vision and a mission statement is important because of the following reasons EXCEPTSelect correct optionThey are useful for large firms onlyThey establish organizational cultureThey are the basis for allocating resourcesThey translate objectives into work structureQuestion 11 of 20 ( Start time 082452 PM ) Total Marks 1The social factors that affect a firm involve all of the following EXCEPTSelect correct optionAttitudes of people in the external environmentLifestyles of peoplePer capita incomeValues and beliefs of persons outside the firmQuestion 12 of 20 ( Start time 082507 PM ) Total Marks 1Which of the following is the decision support role of management information system

Select correct optionProcessing marketing records into marketing plansAllowing users to ask What ifrdquo questionsRecording and storing such human resource recordsProcessing operations records into production schedulesQuestion 16 of 20 ( Start time 082635 PM ) Total Marks 1Strategist is an individual who is involved in the strategic management process thus may be known asSelect correct optionMember board of directorPresidentDivision managerAll of the given optionsQuestion 7 of 20 ( Start time 085242 PM ) Total Marks 1Strategic management is the art and science of formulating implementing and evaluating cross-functional decisions which is usually done by all of the following EXCEPTSelect correct optionChairman of the companyBoard of directorsChief executive officerMarketing officerQuestion 10 of 20 ( Start time 085319 PM ) Total Marks 1Which of the following groups represents the stakeholders of a companySelect correct optionThe owners of the companyThe people who purchases the shares of the companyThe people who have a special stake or claim on the companyAre the people who are in the management a companyhttphistrategyblogspotcom201102characteristics-of-mission-statementhtmlQuestion 11 of 20 ( Start time 085443 PM ) Total Marks 1For the past four years the ABC Corporation has been planning to expand its operations in order to reach out to the world market Essentially the ABC Corporation desires to do whatSelect correct optionBecome an online businessBecome a brick-n-mortar businessEmbrace globalizationBecome a click-n-mortar business

Select correct optionPrice warPoor location of businessIncreased trade barriersInnovative substitute productQuestion 3 of 20 ( Start time 082050 PM ) Total Marks 1Which of the following marketing entity is NOT an intermediarySelect correct optionBrokersAgentsProducerVendorsQuestion 4 of 20 ( Start time 082209 PM ) Total Marks 1Which of the following is the best example for achieving long-term objectivesSelect correct optionStrengthsStrategiesPoliciesOpportunitiesLong-term objectives represent the results expected from pursuing certain strategiesQuestion 5 of 20 ( Start time 082223 PM ) Total Marks 1Developing a vision and a mission statement is important because of the following reasons EXCEPTSelect correct optionThey are useful for large firms onlyThey establish organizational cultureThey are the basis for allocating resourcesThey translate objectives into work structureQuestion 11 of 20 ( Start time 082452 PM ) Total Marks 1The social factors that affect a firm involve all of the following EXCEPTSelect correct optionAttitudes of people in the external environmentLifestyles of peoplePer capita incomeValues and beliefs of persons outside the firmQuestion 12 of 20 ( Start time 082507 PM ) Total Marks 1Which of the following is the decision support role of management information system

Select correct optionProcessing marketing records into marketing plansAllowing users to ask What ifrdquo questionsRecording and storing such human resource recordsProcessing operations records into production schedulesQuestion 16 of 20 ( Start time 082635 PM ) Total Marks 1Strategist is an individual who is involved in the strategic management process thus may be known asSelect correct optionMember board of directorPresidentDivision managerAll of the given optionsQuestion 7 of 20 ( Start time 085242 PM ) Total Marks 1Strategic management is the art and science of formulating implementing and evaluating cross-functional decisions which is usually done by all of the following EXCEPTSelect correct optionChairman of the companyBoard of directorsChief executive officerMarketing officerQuestion 10 of 20 ( Start time 085319 PM ) Total Marks 1Which of the following groups represents the stakeholders of a companySelect correct optionThe owners of the companyThe people who purchases the shares of the companyThe people who have a special stake or claim on the companyAre the people who are in the management a companyhttphistrategyblogspotcom201102characteristics-of-mission-statementhtmlQuestion 11 of 20 ( Start time 085443 PM ) Total Marks 1For the past four years the ABC Corporation has been planning to expand its operations in order to reach out to the world market Essentially the ABC Corporation desires to do whatSelect correct optionBecome an online businessBecome a brick-n-mortar businessEmbrace globalizationBecome a click-n-mortar business

Select correct optionProcessing marketing records into marketing plansAllowing users to ask What ifrdquo questionsRecording and storing such human resource recordsProcessing operations records into production schedulesQuestion 16 of 20 ( Start time 082635 PM ) Total Marks 1Strategist is an individual who is involved in the strategic management process thus may be known asSelect correct optionMember board of directorPresidentDivision managerAll of the given optionsQuestion 7 of 20 ( Start time 085242 PM ) Total Marks 1Strategic management is the art and science of formulating implementing and evaluating cross-functional decisions which is usually done by all of the following EXCEPTSelect correct optionChairman of the companyBoard of directorsChief executive officerMarketing officerQuestion 10 of 20 ( Start time 085319 PM ) Total Marks 1Which of the following groups represents the stakeholders of a companySelect correct optionThe owners of the companyThe people who purchases the shares of the companyThe people who have a special stake or claim on the companyAre the people who are in the management a companyhttphistrategyblogspotcom201102characteristics-of-mission-statementhtmlQuestion 11 of 20 ( Start time 085443 PM ) Total Marks 1For the past four years the ABC Corporation has been planning to expand its operations in order to reach out to the world market Essentially the ABC Corporation desires to do whatSelect correct optionBecome an online businessBecome a brick-n-mortar businessEmbrace globalizationBecome a click-n-mortar business

Question 12 of 20 ( Start time 085506 PM ) Total Marks 1Which of the following are the five forces that affect the level of competition in an industrySelect correct optionThreat of entrants power of buyers power of suppliers threat of substitutes competitive rivalryThreat of buyers power of entry power of substitutes threat of suppliers threat of recessionThreat of recession power of buyers power of suppliers threat of management failure competitive rivalryThreat of entry power of buyers power of suppliers threat of substitutes government actionQuestion 13 of 20 ( Start time 085538 PM ) Total Marks 1Reasons due to which some firms do ldquoNo Strategic Planningrdquo incorporate all of the following EXCEPTSelect correct optionWastage of timeFire-fightingContent with successPrivileged reward structures P13 Question 17 of 20 ( Start time 085736 PM ) Total Marks 1Which of the following categories of ratios includes return on total assets and return on stockholdersrsquo equity as its typesSelect correct optionProfitabilityLeverageGrowthLiquidityQuestion 19 of 20 ( Start time 085844 PM ) Total Marks 1Which of the following is the highest possible weighted score for the organization in IFE matrixSelect correct option10152540Question 2 of 20 ( Start time 092042 PM ) Total Marks 1Non-financial benefits of strategic management includes all of the following EXCEPTSelect correct option

Better awareness of external threatsEnhanced awareness of threatsReduced resistance to changeIncrease in salesQuestion 3 of 20 ( Start time 092048 PM ) Total Marks 1Which one variable falls under the category of the Social Cultural Demographic and Environmental VariableSelect correct optionPropensity of people to spendBuying habitsLevel of disposable incomeIncome differences by regionQuestion 5 of 20 ( Start time 092113 PM ) Total Marks 1What are historical narratives describing the unique accomplishments of a group and its leaders usually in heroic termsSelect correct optionRitesSagas (P51) StoriesMythsQuestion 16 of 20 ( Start time 092507 PM ) Total Marks 1Which of the following refers to a functional support role of an information systemSelect correct optionWhat ifhellip questionsWhat is the capacity of plant (P73) What do we doWhat if tax rate increases by 10Question 18 of 20 ( Start time 092536 PM ) Total Marks 1During which stage of strategic management firmrsquos specific internal strengths and weaknesses are determinedSelect correct optionFormulationImplementationEvaluationFeedbackQuestion 1 of 20 ( Start time 093945 PM ) Total Marks 1Which of the following is NOT included in the strategic management modelSelect correct option

Measure and evaluate performancePerform internal research to identify customersEstablish long-term objectivesDevelop mission and vision statementsQuestion 16 of 20 ( Start time 094510 PM ) Total Marks 1According to Freund Which one of the following should NOT be the characteristics of key external factorsSelect correct optionMeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectivesQuestion 16 of 20 ( Start time 113405 PM ) Total Marks 1Which of the following is a standardized detailed set of techniques and behaviors that manage anxieties but seldom produce intended technical consequences of practical resultsSelect correct optionFolktalesRitesRitualsValuesQuestion 20 of 20 ( Start time 113504 PM ) Total Marks 1As managers move up the organization they perform which of the management function moreSelect correct optionLeadingControllingOrganizingPlanningQuestion 5 of 20 ( Start time 114313 PM ) Total Marks 1Which of these basic questions a vision statement answersSelect correct optionWhat is our businessWho are our employeesWhat do we want to becomeWho are our competitorsQuestion 7 of 20 ( Start time 114326 PM ) Total Marks 1Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stages of strategic management process

Select correct optionStrategy formulationStrategy implementationStrategy evaluationAll of the given optionsQuestion 10 of 20 ( Start time 114354 PM ) Total Marks 1Assigning rating 3 to an internal factor in IFE matrix indicates whatSelect correct optionMajor weaknessMinor weaknessMinor strengthMajor strengthQuestion 11 of 20 ( Start time 114503 PM ) Total Marks 1The process of monitoring performance comparing it with goals and correcting any significant deviations is known asSelect correct optionPlanningOrganizingLeadingControllingQuestion 19 of 20 ( Start time 114723 PM ) Total Marks 1Departmentalization can be done on the basis of many factors EXCEPTSelect correct optionFunctionsNumber of employeesStrategic business unitsDivisionsQuestion 2 of 20 ( Start time 011523 AM ) Total Marks 1Selling includes all of the following marketing activities EXCEPTSelect correct optionAdvertisingPricingSales promotionCustomer relationsQuestion 7 of 20 ( Start time 033733 PM ) Total Marks 1Long-term objectives are needed at which level(s) of the organizationSelect correct optionCorporate levelDivisional levelFunctional level

All of the given optionsQuestion 10 of 20 ( Start time 040727 PM ) Total Marks 1External forces directly affects all of the following EXCEPTSelect correct optionMarket segmentation strategiesTypes of productsservices offeredManagement structure of organizationChoice of businesses to acquire or sellQuestion 20 of 20 ( Start time 040924 PM ) Total Marks 1Which marketing function includes test marketingSelect correct optionSelling productsservicesCustomer analysisProductservice planningDistributingQuestion 7 of 20 ( Start time 050504 PM ) Total Marks 1A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known asSelect correct optionMarketingResearch and developmentProductionManagement information systemhttpwwwventurelinecomaccounting-glossaryRresearch-and-development-definitionQuestion 10 of 20 ( Start time 050653 PM ) Total Marks 1Which one of the followings best describes this statement ldquoThe conditions that a company must satisfy in order to be able to enter an industryrdquoSelect correct optionEconomies of scaleBarriers to entryDifferentiationCompetitive environmentQuestion 16 of 20 ( Start time 050859 PM ) Total Marks 1Which of the following statement applies to Vision StatementSelect correct optionDescribes the purpose of existence of an organizationIdentify the customers of the organization

Better awareness of external threatsEnhanced awareness of threatsReduced resistance to changeIncrease in salesQuestion 3 of 20 ( Start time 092048 PM ) Total Marks 1Which one variable falls under the category of the Social Cultural Demographic and Environmental VariableSelect correct optionPropensity of people to spendBuying habitsLevel of disposable incomeIncome differences by regionQuestion 5 of 20 ( Start time 092113 PM ) Total Marks 1What are historical narratives describing the unique accomplishments of a group and its leaders usually in heroic termsSelect correct optionRitesSagas (P51) StoriesMythsQuestion 16 of 20 ( Start time 092507 PM ) Total Marks 1Which of the following refers to a functional support role of an information systemSelect correct optionWhat ifhellip questionsWhat is the capacity of plant (P73) What do we doWhat if tax rate increases by 10Question 18 of 20 ( Start time 092536 PM ) Total Marks 1During which stage of strategic management firmrsquos specific internal strengths and weaknesses are determinedSelect correct optionFormulationImplementationEvaluationFeedbackQuestion 1 of 20 ( Start time 093945 PM ) Total Marks 1Which of the following is NOT included in the strategic management modelSelect correct option

Measure and evaluate performancePerform internal research to identify customersEstablish long-term objectivesDevelop mission and vision statementsQuestion 16 of 20 ( Start time 094510 PM ) Total Marks 1According to Freund Which one of the following should NOT be the characteristics of key external factorsSelect correct optionMeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectivesQuestion 16 of 20 ( Start time 113405 PM ) Total Marks 1Which of the following is a standardized detailed set of techniques and behaviors that manage anxieties but seldom produce intended technical consequences of practical resultsSelect correct optionFolktalesRitesRitualsValuesQuestion 20 of 20 ( Start time 113504 PM ) Total Marks 1As managers move up the organization they perform which of the management function moreSelect correct optionLeadingControllingOrganizingPlanningQuestion 5 of 20 ( Start time 114313 PM ) Total Marks 1Which of these basic questions a vision statement answersSelect correct optionWhat is our businessWho are our employeesWhat do we want to becomeWho are our competitorsQuestion 7 of 20 ( Start time 114326 PM ) Total Marks 1Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stages of strategic management process

Select correct optionStrategy formulationStrategy implementationStrategy evaluationAll of the given optionsQuestion 10 of 20 ( Start time 114354 PM ) Total Marks 1Assigning rating 3 to an internal factor in IFE matrix indicates whatSelect correct optionMajor weaknessMinor weaknessMinor strengthMajor strengthQuestion 11 of 20 ( Start time 114503 PM ) Total Marks 1The process of monitoring performance comparing it with goals and correcting any significant deviations is known asSelect correct optionPlanningOrganizingLeadingControllingQuestion 19 of 20 ( Start time 114723 PM ) Total Marks 1Departmentalization can be done on the basis of many factors EXCEPTSelect correct optionFunctionsNumber of employeesStrategic business unitsDivisionsQuestion 2 of 20 ( Start time 011523 AM ) Total Marks 1Selling includes all of the following marketing activities EXCEPTSelect correct optionAdvertisingPricingSales promotionCustomer relationsQuestion 7 of 20 ( Start time 033733 PM ) Total Marks 1Long-term objectives are needed at which level(s) of the organizationSelect correct optionCorporate levelDivisional levelFunctional level

All of the given optionsQuestion 10 of 20 ( Start time 040727 PM ) Total Marks 1External forces directly affects all of the following EXCEPTSelect correct optionMarket segmentation strategiesTypes of productsservices offeredManagement structure of organizationChoice of businesses to acquire or sellQuestion 20 of 20 ( Start time 040924 PM ) Total Marks 1Which marketing function includes test marketingSelect correct optionSelling productsservicesCustomer analysisProductservice planningDistributingQuestion 7 of 20 ( Start time 050504 PM ) Total Marks 1A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known asSelect correct optionMarketingResearch and developmentProductionManagement information systemhttpwwwventurelinecomaccounting-glossaryRresearch-and-development-definitionQuestion 10 of 20 ( Start time 050653 PM ) Total Marks 1Which one of the followings best describes this statement ldquoThe conditions that a company must satisfy in order to be able to enter an industryrdquoSelect correct optionEconomies of scaleBarriers to entryDifferentiationCompetitive environmentQuestion 16 of 20 ( Start time 050859 PM ) Total Marks 1Which of the following statement applies to Vision StatementSelect correct optionDescribes the purpose of existence of an organizationIdentify the customers of the organization

Measure and evaluate performancePerform internal research to identify customersEstablish long-term objectivesDevelop mission and vision statementsQuestion 16 of 20 ( Start time 094510 PM ) Total Marks 1According to Freund Which one of the following should NOT be the characteristics of key external factorsSelect correct optionMeasurableRelatively few in numberApplicable to all competing firmsImportant to achieve long-term objectivesQuestion 16 of 20 ( Start time 113405 PM ) Total Marks 1Which of the following is a standardized detailed set of techniques and behaviors that manage anxieties but seldom produce intended technical consequences of practical resultsSelect correct optionFolktalesRitesRitualsValuesQuestion 20 of 20 ( Start time 113504 PM ) Total Marks 1As managers move up the organization they perform which of the management function moreSelect correct optionLeadingControllingOrganizingPlanningQuestion 5 of 20 ( Start time 114313 PM ) Total Marks 1Which of these basic questions a vision statement answersSelect correct optionWhat is our businessWho are our employeesWhat do we want to becomeWho are our competitorsQuestion 7 of 20 ( Start time 114326 PM ) Total Marks 1Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stages of strategic management process

Select correct optionStrategy formulationStrategy implementationStrategy evaluationAll of the given optionsQuestion 10 of 20 ( Start time 114354 PM ) Total Marks 1Assigning rating 3 to an internal factor in IFE matrix indicates whatSelect correct optionMajor weaknessMinor weaknessMinor strengthMajor strengthQuestion 11 of 20 ( Start time 114503 PM ) Total Marks 1The process of monitoring performance comparing it with goals and correcting any significant deviations is known asSelect correct optionPlanningOrganizingLeadingControllingQuestion 19 of 20 ( Start time 114723 PM ) Total Marks 1Departmentalization can be done on the basis of many factors EXCEPTSelect correct optionFunctionsNumber of employeesStrategic business unitsDivisionsQuestion 2 of 20 ( Start time 011523 AM ) Total Marks 1Selling includes all of the following marketing activities EXCEPTSelect correct optionAdvertisingPricingSales promotionCustomer relationsQuestion 7 of 20 ( Start time 033733 PM ) Total Marks 1Long-term objectives are needed at which level(s) of the organizationSelect correct optionCorporate levelDivisional levelFunctional level

All of the given optionsQuestion 10 of 20 ( Start time 040727 PM ) Total Marks 1External forces directly affects all of the following EXCEPTSelect correct optionMarket segmentation strategiesTypes of productsservices offeredManagement structure of organizationChoice of businesses to acquire or sellQuestion 20 of 20 ( Start time 040924 PM ) Total Marks 1Which marketing function includes test marketingSelect correct optionSelling productsservicesCustomer analysisProductservice planningDistributingQuestion 7 of 20 ( Start time 050504 PM ) Total Marks 1A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known asSelect correct optionMarketingResearch and developmentProductionManagement information systemhttpwwwventurelinecomaccounting-glossaryRresearch-and-development-definitionQuestion 10 of 20 ( Start time 050653 PM ) Total Marks 1Which one of the followings best describes this statement ldquoThe conditions that a company must satisfy in order to be able to enter an industryrdquoSelect correct optionEconomies of scaleBarriers to entryDifferentiationCompetitive environmentQuestion 16 of 20 ( Start time 050859 PM ) Total Marks 1Which of the following statement applies to Vision StatementSelect correct optionDescribes the purpose of existence of an organizationIdentify the customers of the organization

Select correct optionStrategy formulationStrategy implementationStrategy evaluationAll of the given optionsQuestion 10 of 20 ( Start time 114354 PM ) Total Marks 1Assigning rating 3 to an internal factor in IFE matrix indicates whatSelect correct optionMajor weaknessMinor weaknessMinor strengthMajor strengthQuestion 11 of 20 ( Start time 114503 PM ) Total Marks 1The process of monitoring performance comparing it with goals and correcting any significant deviations is known asSelect correct optionPlanningOrganizingLeadingControllingQuestion 19 of 20 ( Start time 114723 PM ) Total Marks 1Departmentalization can be done on the basis of many factors EXCEPTSelect correct optionFunctionsNumber of employeesStrategic business unitsDivisionsQuestion 2 of 20 ( Start time 011523 AM ) Total Marks 1Selling includes all of the following marketing activities EXCEPTSelect correct optionAdvertisingPricingSales promotionCustomer relationsQuestion 7 of 20 ( Start time 033733 PM ) Total Marks 1Long-term objectives are needed at which level(s) of the organizationSelect correct optionCorporate levelDivisional levelFunctional level

All of the given optionsQuestion 10 of 20 ( Start time 040727 PM ) Total Marks 1External forces directly affects all of the following EXCEPTSelect correct optionMarket segmentation strategiesTypes of productsservices offeredManagement structure of organizationChoice of businesses to acquire or sellQuestion 20 of 20 ( Start time 040924 PM ) Total Marks 1Which marketing function includes test marketingSelect correct optionSelling productsservicesCustomer analysisProductservice planningDistributingQuestion 7 of 20 ( Start time 050504 PM ) Total Marks 1A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known asSelect correct optionMarketingResearch and developmentProductionManagement information systemhttpwwwventurelinecomaccounting-glossaryRresearch-and-development-definitionQuestion 10 of 20 ( Start time 050653 PM ) Total Marks 1Which one of the followings best describes this statement ldquoThe conditions that a company must satisfy in order to be able to enter an industryrdquoSelect correct optionEconomies of scaleBarriers to entryDifferentiationCompetitive environmentQuestion 16 of 20 ( Start time 050859 PM ) Total Marks 1Which of the following statement applies to Vision StatementSelect correct optionDescribes the purpose of existence of an organizationIdentify the customers of the organization

All of the given optionsQuestion 10 of 20 ( Start time 040727 PM ) Total Marks 1External forces directly affects all of the following EXCEPTSelect correct optionMarket segmentation strategiesTypes of productsservices offeredManagement structure of organizationChoice of businesses to acquire or sellQuestion 20 of 20 ( Start time 040924 PM ) Total Marks 1Which marketing function includes test marketingSelect correct optionSelling productsservicesCustomer analysisProductservice planningDistributingQuestion 7 of 20 ( Start time 050504 PM ) Total Marks 1A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known asSelect correct optionMarketingResearch and developmentProductionManagement information systemhttpwwwventurelinecomaccounting-glossaryRresearch-and-development-definitionQuestion 10 of 20 ( Start time 050653 PM ) Total Marks 1Which one of the followings best describes this statement ldquoThe conditions that a company must satisfy in order to be able to enter an industryrdquoSelect correct optionEconomies of scaleBarriers to entryDifferentiationCompetitive environmentQuestion 16 of 20 ( Start time 050859 PM ) Total Marks 1Which of the following statement applies to Vision StatementSelect correct optionDescribes the purpose of existence of an organizationIdentify the customers of the organization

The key measure or measures of the organizationrsquos successDepict the values of an organizationhttpenwikipediaorgwikiMission_statementQuestion 17 of 20 ( Start time 050917 PM ) Total Marks 1All of the following fall under the category of Processrdquo function of production management EXCEPTSelect correct optionChoice of technologyQuality assuranceProcess flow analysisTransportation analysis(Handout page 68)Question 9 of 20 ( Start time 052601 PM ) Total Marks 1Which of the following statement is refered to lsquoPrice fluctuationrsquoSelect correct optionDecrease in pricesIncrease in pricesFluctuation in the prices of a particular commodityFluctuation in general price levelPrice fluctuation refers to general price fluctuationQuestion 11 of 20 ( Start time 052706 PM ) Total Marks 1Which of these is the allocation and reallocation of capital and resources to projects products assets and divisions of an organizationSelect correct optionInvestment decisionFinancing decisionsRestructuring decisionsStrategic decisionThe investment decision also called capital budgeting is the allocation and reallocation of capital and resources to projects products assets and divisions of an organizationQuestion 3 of 20 ( Start time 053436 PM ) Total Marks 1Various job titles of a strategist may includes all of the following EXCEPTSelect correct optionOwnerForemanChancellorChief executive officerQuestion 9 of 20 ( Start time 053537 PM ) Total Marks 1

The general conditions for competition that influence business firms which provide similar products and services is knownSelect correct optionRemote environmentInternational environmentExternal environmentIndustry environmentThe industry environment includes the ldquogeneral conditions for competition that influence all businesses that provide similar products and serviceshttpwwwsuite101comcontentstarbucks-a-new-business-strategy-a363448Question 8 of 20 ( Start time 111140 PM ) Total Marks 1Which of the following environment includes all those factors which affect the organization and itself affected by the organizationSelect correct optionExternal environmentSocial environmentTask environmentInternal environment