IMTC632 - Business Policy

 

1. SOP Stands For

• Standard Operating Program 

• Standard  Operating Procedure. 

• Standard  Operations Procedure 

• Standard Operating Policy

2. ISO 14001 is a Set of standards adopted by thousands of firms worldwide to certify that they are

• Conducting 'Green' business practices

• Observing all environmental laws

• Conducting business in an environment friendly manner

• Doing eco-friendly business

3. In “Dialectical Enquiry” Approach Requires

• One Proposal With Two Assumptions 

• Two Proposals With Different Assumptions 

• One Proposal With Different Assumptions

• Many Proposals With Different Assumptions 

4. Which Industry Force Might Cause Propitious Niche To Disappear

• Buyers

• Government

• Substitutes 

• Suppliers

5. An Entry Barrier is

• An Obstruction That Makes It Difficult For A Company To Enter An Industry 

• Physical Barrier

• Entry Fee Is High.

• Initial Investment Is High

6. The 3rd Phase Of Evolvement Of Strategic Management Was

• Financial Planning

• Externally Oriented Strategic Planning

• Forecast Based Planning

• Long Term Planning

 

7. Conglomerate Structure Is Appropriate For

• MNCs

• Multiple Product Firm

• Firm With Many Divisions

• Large Firm With Many Product Lines In Several Unrelated Industries

8. Follow The Leader' Is A Strategy To

• Follow The Rival

• Imitate The Leader

• Follow The Market Leader

• Avoid

9. Virtual Meetings Have Enabled Firms To

• Cut Travel Budget 

• Increase Speed 

• Reduce Staff

• Save Time

10. In Hyper competition Can Competitive Advantage Be Sustained?

• In Few Cases

• Yes

• No.

• May Be

11. Whistle-blowing refers to policies that require employees to

• Report  defects in product 

• Unethical violations 

• Report workplace romance 

• Report indiscipline

12. What Is Hyper competition

• Competition In High Investment Industry

• Competition In FMCG Industry

• An Industry In Which Uncertainty Of Environment Makes Competitive Advantage Only Temporary

• Cut-Throat Competition

 

13. A Multidomestic Industry is a Collection of Domestic Industries Like

• Automobiles

• TVS

• Tyres

• Retailing & Insurance

14. In Rumelt's Consonance criteria for evaluating strategies there is need for

• Matching various objectives

• Examining external & internal factors 

• Examining set of trends as well individual trends 

• Matching various strategies

15. Porter's Two Generic Competitive Strategies are of

• Acquisition & Merger 

• Product & Differentiation 

• Cost & Differentiation 

• Cost & Diversification

16. Corporate Strategy Deals With Three Key Issues

• Product, Price & Promotion 

• Business, Functions & Sales 

• Direction, Portfolio & Parenting 

• Portfolio, Market & Distribution

17. The Sixth Force In Porter 's Model Is

• Buyers 

• Suppliers

• Variety of Stakeholders Group

• Competitors

18. Who is COO?

• Chief Operations Officer. 

• Chief Operating Officer 

• Chief Operating Office 

• Central Operating Officer

 

19. Ethical Responsibility Means

• Should Do

• Might Do 

• Have To Do.

• Must Do

20.Who Are Corporate Stakeholders

• Anybody Who Is Affected By The Achievement Of Objectives Of The Firm

• Shareholders 

• Unions

• Employees

21. Constant dollars are dollars adjusted for

• Adjusted for consumer price index

• Adjusted for inflation 

• Euros

• Rupees

22. TQM is an operational philosophy that stresses commitment to

• Customer Satisfaction through Six-Sigma Program 

• Customer Satisfaction with Continuous Improvement 

• Customer Satisfaction with Quality Control 

• Customer Satisfaction with Quality Circles Teams

23. Timing Tactics Means

• Duration Of Strategy  

• When To Implement Strategy

• Starting Time Of New Strategy

• Time To End Old Strategy

24. Strategic Management Is That Set Of Managerial Decisions & Actions By Which A Firm

• That Determines Long term Performance of a Firm 

• Appoints New  CEO

• Makes Future Plans 

• Makes Profit.

 

25. The index of sustainable growth indicates how much of the growth rate of sales can be sustained by

• Net cash 

• Debt

• Assets

• Internally generated funds\

26. Number Of Stages In Corporate Development Are

• 5

• 3

• 4

• 6

27. Competitive Scope Is Of Two Types

• Broad & Slim

• Wide & Narrow

• Small & Large

• Broad & Narrow

28. In financial analysis adjusting for inflation is

• on case to case basis 

• Insignificant factor 

• Depends on state of economy

• Significant factor

29. A Tactic Is A

• Action Plan

• Short Term Strategy

• Specific Operating Plan Detailing How A Strategy Is To Be Put Into Action.

• How To Deal With Actual Problems

30. Common-size statements are income statements & balance sheets in which the dollar figures have been converted into

• A common denominator

• Rupees

• Percentages

• Ratios

 

1. Network Structure Is Sometimes Called

• Modular Structure

• Virtual Organisation

• Ce11ular Structure

• Matrix Organisation

2. In Hyper competition Can Competitive Advantage Be Sustained?

• No.

• May Be

• Yes

• In Few Cases

3. Competency Is

• Cross Functional Integration & Coordination Of Capabilities

• Integration Of Activities

• Collection Of Activities That A Firm Do Exceedingly Well.

• Ability To Work Efficiently

4. The GDP is used worldwide to measure total output of afirm

• From within a country's borders 

• From one SBU

• From all its units worldwide

• From within a continent

5. Slow-Cycle Resources Are Those Which Are

• Value , Rareness, imitability, Organisation 

• Value , Rareness, imitability, Organisation 

• Value , Rareness, Imitability, Organisation 

• Value , Rareness, imitability, Organisation

6. Liquidation Means

• Liquidity Ratios 

• Selling Of A Firm 

• Cash Liquidity

• Piecemeal Sale of the Firm's entire Asset

 

7. In Rumelt 's Consonance criteria for evaluating strategies there is need for

• Examining set of trends as well individual trends 

• Examining external & internal factors 

• Matching various objectives

• Matching various strategies

8. Marketing Mix Variables Are

• Product, Place, Price, Priority 

• Product, Place, Promotion, Price 

• Money, Material, Men, Machine 

• Product, Price, Promotion, Profit

9. Constant dollars are dollars adjusted for

• Adjusted for inflation

• Adjusted for consumer price index 

• Euros

• Rupees

10. First Mover Generally Focusses On

• R&D

• Price

• Promotion 

• Packaging

11. What Is Performance?

• Actual Outcome

• Ability to Work

• Way A Firm Works.

• Set of Activities

12. Conglomerate Structure Is Appropriate For

• MNCs

• Large Firm With Many Product Lines In Several Unrelated Industries

• Multiple Product Firm

• Finn With Many Divisions

 

13. A bribe is defined as

• Coercing somebody for some undue favour

• A gift bestowed to influence a recipient's conduct 

• Gifting valuables for some undue favour 

• Offering money for some undue favour

14. Virtual Teams Are

• Real Teams With Virtual Abilities

• Groups Of Employees Using Video Conferencing

• Groups Of Geographically Dispersed Coworkers Assembled Through Telecommunications& Information Technology

• Artificially Intelligent Teams

15. TQM is an operational philosophy that stresses commitment to

• Customer Satisfaction with Quality Control 

• Customer Satisfaction through Six-Sigma Program 

• Customer Satisfaction with Continuous Improvement 

• Customer Satisfaction with Quality Circles Teams

16. Demographic trends are which part of Societal Environment

• Economic

• Technological

• Political

• Sociocultural

17. An Entry Barrier Is

• Entry Fee Is High.

• Initial Investment Is High

• An Obstruction That Makes It Difficult For A Company To Enter An Industry

• Physical Barrier

18. A firm following a Concentration Strategy would like a CEO to be

• Cautious Profit Planner

• Dynamic Industry Expert

• Analytical Portfolio Manager

• Professional Liquidator

 

19. A Tactic Is A

• Action Plan

• Short Term Strategy

• How To Deal With Actual Problems

• Specific Operating Plan Detailing How A Strategy Is To Be Put Into Action.

20. Rumelt 's Feasibility criteria for evaluating strategies means

• Without overburdening resources

• Within its capabilities

• Neither over tax resources nor create unsolvable sub problems

• Not judging on past performance

21. The 3rd  Phase Of Evolvement Of Strategic Management Was

• Externally Oriented Strategic Planning

• Financial Planning 

• Forecast Based Planning 

• Long Term Planning

22. In “Dialectical Enquiry” Approach Requires

• One Proposal With Two Assumptions 

• Two Proposals With Different Assumptions 

• One Proposal With Different Assumptions

• Many Proposals With Different Assumptions 

23. In Altman 's bankruptcy formula a score of 1.5 indicates that the firm is

• Moving towards healthy firm 

• Moving towards profit making 

• Moving no where

• Moving towards bankruptcy

24. Corporate Strategy Deals With Three Key Issues

• Product, Price & Promotion 

• Business, Functions & Sales 

• Direction, Portfolio & Parenting 

• Portfolio, Market & Distribution

 

25. Business ethics can be defined as principles of conduct within firms that guide

• Decision making & behavior

• Decision making & profit 

• Vision & mission 

• Strategy & tactics

26. Guerrilla Warfare Tactic Means

• Hide & Attack 

• Hit & Hide

• Hit & Run 

• Bypass Attack

27. The Average Size Of The Board Is

• 9 to 12

• 5 to 8

• 10 to 16

• 3 to 5

28. Reengineering Is The

• Radical Redesign Of Its Business Processes

• Renewing Technology

• Radical Redesign Of Its Structure 

• Transfer Of Technology

29. MBO is a Firm- Wide approach of linking

• Individual objectives with individual behaviour 

• Organisational objectives with functional behaviour 

• Organisational objectives with organisational behaviour 

• Organisational objectives with individual behaviour

30. According to Porter, A Corporation Is Most Concerned With

• Competitors

• Suppliers 

• Buyers

• Intensity Of Competition.

 

IMTC632

 

SET-1

 

1. Directors Are Generally 

• Nominated 

• Selected 

• Elected 

• Appointed 

 

2. R&d Mix is a mix of

• Basic, Product & Process R&Ds 

• Product: Process &Procedures R&Ds 

• Basic: Theoretical &Process R&Ds 

• Product: Price & Process R&Ds

 

3. Who Are Corporate Stakeholders 

• Shareholders 

• Employees 

• Unions 

• Anybody Who Is Affected by The Achievement Of objectives

 

4.In devils advocate approach:

• A Person Is Assigned To Ident$' Piffa_lls& Problems with Proposed Alternative 

• A Person Is Assigned To IdentFy Advantages with Proposed Alternative 

• A Person Is Assigned to IdentFy Profits with Proposed Alternative 

• An Associate Assigned to Ident$' Piffa_lls& Problems with Proposed Alternative

 

5. Outsourcing Should Be Used by A Firm When A Function/ Activity Is

• Better Cheaper Elsewhere 

• Done Abroad 

• Competitor Is Doing 

• Done by Market Leader

 

6.Ethical Responsibility Means

• Might do

• Should Do 

• Have to Do. 

• Must D0

 

7. Horizontal Strategy Is

• Growing in Same Industry 

•  Integration 

• Directional Strategy 

• Parenång Strategy

 

8. Pull Strategy Is Followed by Firms

• By Spending Large Sum of Money on Trade Promotion to Gainv'Hold Shelf Space 

• By Spending Large Sum of Money on Consumer Advertising to Pull Products Through Distribution Channels 

• By Using Large Sales Force to Gain 'Hold Shelf Space 

• By Spending Large Sum of Money on New Technology to Pull Products Through Distribution Channels

 

9. A poweråll influence on the behaviour of the employees of the firm is

• Strategy 

• Structure

• Culture 

• CEO

 

10. Pull Strategy Is Followed by Firms

• By Spending Large Sum of Money on Trade Promotion to Gainv'Hold Shelf Space 

• By Spending Large Sum of Money on Consumer Advertising to Pull Products Through Distribution Channels 

• By Using Large Sales Force to Gain 'Hold Shelf Space 

• By Spending Large Sum of Money on New Technology to Pull Products Through Distribution Channels

 

11. Cash Cows Are Those Businesses Which

• Bring in Far More Money Than Needed to Maintain Market Share 

• Bring in Far Less Money Than Needed to Maintain Market Share 

• Bring in Just Enough Money Needed to Maintain Market Shared 

• Bring in Money Needed to Increase Market Share

 

12. Most NINCs by to fin Managerial Positions in their subsidiaries with

• Quaffed Persons From Host Country 

• Senior Persons From Host Country 

• Quaffed Persons From Own Country _ 

• Quaffed Persons from Some Other Country

 

13. Constant dollars are dollars adjusted for 

• Rupees 

• Euros 

• Adjusted for inflation 

• Adjusted for coinsurer price index

 

14. What Is A Corporation?

• Group of People 

• Two Fims Getting Together 

• When Fimls Share Risk & Reward

• A mechanism for different parties to contribute resources for mutual benefits

 

15. In 'Dialectical Enquiry" Approach Requires

• Many Proposals with Different Assumptions 

• Two Proposals with Different Assumptions 

• One Proposal with Dfferent Assumptions 

• One Proposal with Two Assumptions

 

16. In Runlelt' s Consistency criteria for evaluating strategies the symptoms are

• Organisational conflict &interdepartrnental bickering 

• Organisational conflict & bickering 

• Conflict & bickering 

• Interpersonal relationship & conflict

 

17. Contingency plans are

• Alternative plans, to be used: f profit is not as expected 

• Alternative plans, to be used key events do not occur as expected 

• Alternative plans: to be used quality of product is not as expected 

• Alternative plans, to be used f performance of the firm is not as expected

 

18. The Force in Potter's Model Is

• Competitor s 

• suppliers 

• Buyer's 

• Variety of Stakeholders Group

 

19. The sixth force in porter's model is

• Competitors 

• Suppliers

• Buyers

• Variety of stockholders

 

20. Corporate Strategy Deals with Three Key Issues 

• Business, Functions & Sales 

• Product: Price & Promotion 

• Direction: Portfolio & Parenting 

• Portfolio Market & Distnbution

 

21. How Many Are Carroll' s Proposed Responsibilities

• 4

• 5

• 6

• 3

 

22. ISO 14001 is a Set of standards adopted by thousands offimls worldwide to cert$' that they are

• Doing eco-friendly business 

• Observing all environmental laws 

• Conducting 'Green' business practices 

• Conducting business in an environment friendly manner

 

23. What Is Performance?

• Way A Finn Works. 

• Set of Activity

• Abüity to Work 

• Actual Outcome

 

24. A Strategic Group Is A Set Of

• Business Units in Same Industry 

• Fimls With Strategy 

• Fimls With Resources & Strategy 

• Fimls With Products

 

25. Guenüla Warfare Tacåc Means

• Hide & Attack 

• Hit & Run

• Bypass Attack 

• Hit & Hide

 

26. What Is A Hurdle Rate?

• Budget 

• Program_ 

• Entry Barrier 

• ROI

 

27. Job Enlargement Means 

• Combining Tasks 

• Combining Responslbüities

• More Work 

• Extra Responslbüities

 

28. Which Industry Force Night Cause Propitious Niche To Disappear

• suppliers 

• Buyer s 

• Substitutes 

• Government

 

29. Why Are Strategic Decisions Dfferent From Other Decisions?

• Take Long Time To Decide. 

• Taken by Top Management _ 

• Profit Oriented 

• Rare

 

30. Skim Pricing Offers the Opportunities to Fimls

• To ' Skim the Creanl' From the Top of Demand Curve with A High Price 

• To ' Skinl The Cream' From the Top of Demand Curve with A Low Price. 

• To ' Skim the Cream' From the Top Of Demand Curve With A High Price 

• To ' Skinl The Creanl' From the Top of Demand Curve with A High Price

 

1. Skim Pricing Offers The Opportunities To Fimls

• To ' Skim the Creanl' From The Top Of Demand Curve With A High Price 

• To ' Skinl The Cream' From the Top Of Demand Curve With A Low Price. 

• To ' Skim the Cream' From The Top Of Demand Curve With A High Price 

• To ' Skinl The Creanl' From The Top Of Demand Curve With A High Price

 

2. A Captive Company Strategy Is Becoming another Finn's 

• Partner

• Sole Supplier For Some Tinle

• Sole Distributor For Some Tinle

• Sole Supplier/Distnbutor For Long Teml

 

3. In Altrnan's bank-uptcy formula a score of 1.5 indicates that the firm is

• Moving towards healthy film 

• Moving towards profit making 

• Moving towards bankruptcy 

• Moving no where

 

4. Business ethics can be defined as principles of conduct within firms that guide

• Decision making & profit 

• Vision & tension 

• Strategy & tacos 

• Decision making & behaviour

 

5. SFAS Combines Factors From

• SWOT & TOWS 

• EFAS & TOWS 

• IFAS & SWOT 

• IFAS & EFAS

6. Number Of Stages In Corporate Development

• 3

• 4

• 5

• 6

 

7. Which Industry Force Night Cause Propitious Niche To Disappear
 

• suppliers 

• Buyer s 

• Substitutes

• Govt.

 

8. Cultural Intensity Is 

• Intensity With Which Employees Work 

• Is The Degree To Which Members Of A Unit Accept The Norms, Values Or Other Culture Content? 

• Is The Extent To Which Units Share A Common Culture? 

• Intensity With Which Culture Is Enforced In The Unit

 

9. Directors Are Generally 

• Nominated

• Selected 

• Elected 

• Appointed 

 

10. In 'Dialectical Enquiry" Approach Requires

• Many Proposals With Dfferent Assumptions 

• Two Proposals With Dfferent Assumptions 

• One Proposal With Dfferent Assumptions 

• One Proposal With Two Assumptions

 

11. What Is Hyper competition?

• Cut- Throat Competition 

• Competition In High Investment Industry 

• Competition In FMCG Industry

• An Industry In Which Uncertainty Of Environment Makes Competitive Advantage Only Temporary

 

12. Job Design Is

• Design Of The Job 

• How Job Is To Be Done 

• Rethinking Of Individual' s Tasks 

• Rethinking About Individual' s Responslbüities
   

13. Common- size statements are income statements & balance sheets in which the dollar figures have been converted into

• Rupees

• A common denominator

• Percentage

• Ratios

 

14. Virtual Meetings Have Enabled Fimls To

• Save Tinle

• Increase Speed 

• Cut Travel Budget 

• Reduce Staff

 

15. Rumelt s Feaslbüity criteria for evaluating strategies means

• Without overburdening resources 

• Within its capabüities

• Neither over tax resources nor create unsolvable sub problems

• Not judging on past performance

 

16. In Runlelt' s Consistency criteria for evaluating strategies the symptoms are

• Organisational conflict &interdepartrnental bickering 

• Organisational conflict & bickering 

• Conflict & bickering 

• Interpersonal relationship & conflict

 

17. In financial analysis adjusting for inflation is

• Significant factor

• Insignificant factor 

• on case to case basis 

• Depends on state of economy

 

18. The Average Size Of The Board Is

• 3 to 5 

• 5 to 8

• 9to 12 

• 10 to 16

 

19. What Is Entrepreneurial Mode Of Decision Making?

• Decision By Consent 

• Decision By Majority 

• Decision By Top Management 

• Decision By One Powerful Individual

 

20.  The sixth force in porter's model is

• Competitors 

• Suppliers

• Buyers

• Variety of stockholders

 

21. Job Enlargement Means 

• Combining Tasks 

• Combining Responslbüities

• More Work 

• Extra Responslbüities

 

22. Logical Incrementalism Means

• Slowly & Surely 

• Step By Step 

• Gradually Growing

• An Interactive Process In Which A Finn Probes The Future, Through Partial Cornermen's

 

23. Conglomerate Structure Is Appropriate For 

• MNCs 

• Multiple Product Finn 

• Large Finn With Many Product Lines In Several Unrelated Industries 

• Fitm With Many I: his ions

 

24. In Runlelt' s Consonance criteria for evaluating strategies there is need for 

• Matching various objectives 

• Matching various strategies 

• Excarnating set of trends as well individual trends 

• Excarnating external & internal factors

 

25. Board of Directors Mostly Are

• Insider's

• Outsider s 

• Both Insiders & Outsiders 

• Employees

 

26. What is a Corporation?

• Group of people

• Two firm getting togethers

• When firm's share risk and reward

• A mechanism for different Parties to contribute resources.

 

27. Why Are Strategic Decisions Dfferent From Other Decisions?

• Take Long Tinle To Decide. 

• Taken By Top Management _ 

• Profit Oriented 

• Rare, Consequential & Directive

 

28. Contingency plans are

• Alternative plans, to be used: f profit is not as expected 

• Alternative plans, to be used key events do not occur as expected 

• Alternative plans: to be used quality of product is not as expected 

• Alternative plans, to be used f performance of the firm is not as expected

 

29. Strategic Management Is That Set Of Managerial Decisions & Actions By Which A Firm

• Makes Profit 

• Makes Future Plans 

• That Determines Long term

• Performance of a Firm