b. ADVERTISEMENTS: 2. Management is […] Learn how your comment data is processed. If you have any queries regarding Private, Public and Global Enterprises CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. It reports to the headquarters about its operational status. (True / False) Strategic Management MCQ: Multiple Choice Questions and Answers on Strategic Management 1. b. 15. Strategic Management (BUSM3125) Uploaded by. Ans: (a) Strength, Weakness, Opportunities, Threats, 43. Ans: Peter F Drucker, 35. This site contains podcasts and articles on all areas of business and a link to Strategic Management. A strategic leader confines himself to his field of operations and does not possess knowledge about other areas. Strategic leaders have a need to be motivated constantly. The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization The highest amount a firm can charge for its products is most directly affected by. Dog. AMAZON GREAT REPUBLIC DAY SALE According to the growth-share matrix for competitive analysis created by the Boston Consulting Group, such an SBU is considered a ANSWER: A 2. Mktg Lesson 2 Chapter 2 MCQ questionIt deals with adapting the firm to take advantage of changing marketing opportunities. Ans: (b) Mentor, 65. Ans: True, 41. C K Prahlada is an eminent thinker from ______. Ans: Miniature electronics, 54. d) Strength, Weakness, Opportunities, Thrusts Academic year. A) increases the advertising budget for that strategic business unit B) invests more in the strategic business unit to build its market share C) sells off or phases out the strategic business unit Strategic Business Unit (SBU) Level – Business Strategy Functional Level At each level of business, a strategy needs to be formulated, from macro level to micro level. For the board of directors of the company, the entire company is a ----- a. Ans: Business acumen, sound technical knowledge with common-sense, 58. Profit unit. Ans: Business strategy, 42. (True / False) A.Norming B.Storming C.Forming D.Performing 34 Which of the following represents the estimated value of the work actually accomplished? Both Strategies and policies are directed towards achieving the objectives of an organization. The word Retail is derived from the—— word. We have provided Private, Public and Global Enterprises Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. Ans: True, 40. When a company chooses to divest a particular strategic business unit, it _____. Ans. __________ of any organization refer to the systematic process, which enables the transformation of inputs into finished products or service. It acts to achieve corporate and business unit objectives by maximizing resource productivity. Core competencies do not help in value creation or value addition of the product. Ans: True, 30. Ans: False, 53. In a large organization, strategic management activities occur at what level(s)? Ans: True, 22. b) Technopreneur. b. a privately owned franchise under the auspices of a larger group or organization bearing the same name. Ans: Strategy, 2. 1. Question mark. Online Mock Test in Strategic Management For CA Final , MCQ for CA CS CMA, MCQ in Strategic Management One of the main reasons for having a vision is the motivational effect it is supposed to produce on the workforce. The strategic Business Unit evolved from ----- a) Hierarchy- based structure of organization b) Function based structure of organization c) Territorial structure of organization d) Divisional structure of organization 50. d. Small business unit . Definition: Strategic Business Unit (SBU) implies an independently managed division of a large company, having its own vision, mission and objectives, whose planning is done separately from other businesses of the company.The vision, mission and objectives of the division are both distinct from the parent enterprise and elemental to the long-term performance of the enterprise. A strategic leader needs to control every activity within the organization and does not delegate any work to his subordinates. ANSWER: A 2. Ans: True, 67. Ans: True, 23. (True / False) Good leaders are loyal to their organization and sub-ordinates. Punishment of people c. Adoption of people d. None of these Ans: a Que:2 Human resource management is amalgam of- a. Elthan Lim. Ans: Mission. c) Strength, Workload, Opportunities, Threats A. Peter F. Drucker. Corporate and divisional only B. Divisional C. Strategic business unit only D. Functional, divisional, and corporate ANSWER: D 49. 2.Which of the following is not suitable for a JIT production system? Which of the folling is not the function of management Both management and employees are involved in strategy evaluation (True / False) Ans: Political, Economic, Social and Technological, 61. (True or False) Ans: False, 20. Leadership has to be effective on _______, _______ and ______ levels. ANSWER: A 2. Ans: Mission statement, 50. The final stage in strategic management is strategy implementation. 45. 34. 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