Strategic Management Quiz - 1

1. Acquisitions which are friendly are termed as "take-overs".
[A]TRUE
[B]FALSE



2. Under functional strategy we have vertical fit and horizontal fit.
[A]TRUE
[B]FALSE



3. Scheduling is a part of strategic management.
[A]TRUE
[B]FALSE



4. Arranging training program on productivity is a strategic decision.
[A]TRUE
[B]FALSE



5. Macro environment has got immediate impact on business.
[A]TRUE
[B]FALSE



6. According to Michael Porter, the core of efficiency management is strategy.
[A]TRUE
[B]FALSE



7. Reciprocal responsibility means equal blames and credit.
[A]TRUE
[B]FALSE



8. Adapter duplicate the leader and claim to be similar or even the same.
[A]TRUE
[B]FALSE



9. Change in company structure from divisional to matrix also mean changes in the systems in various degrees
[A]TRUE
[B]FALSE



10. Budgets are plans expressed in numerical terms usually in financial terms
[A]TRUE
[B]FALSE



11. The actual performance deviates positively over the budgeted performance. This is an indication of superior performance
[A]TRUE
[B]FALSE



12. Staffing function applies to all company levels irrespective of levels of hierarchy
[A]TRUE
[B]FALSE



13. Change in company's strategy gives rise to problems necessitating a new structure to be made
[A]TRUE
[B]FALSE



14. Analysis of variances leads to a plan for corrective action
[A]TRUE
[B]FALSE



15. The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it."
[A]TRUE
[B]FALSE