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Strategic Management and Marketing MCQ - Strategic Management MCQ

11 Match the following

List-I (Thinkers)	List-II (Contributions)
(A) Charles, W. Hofer & Dan E. Schendel Management	1. Strategic
(B) Hofer, Murray & Pitts	2. Management Policy
(C) Alfred, D. Chandler	3. Strategy and Structure
(D) Melvin, J. Stanford	4. Business Policy
	5. Strategy Formulation : Analytical Concept

CODES :

	A	B	C	D
(I)	3	1	2	4
(II)	1	2	3	4
(III)	1	3	2	4
(IV)	5	1	3	2

12 The strategic management process is the way in which strategists determine objectives and

13 Which is the step in the process of strategic decision-making?

14 Which statement is true?

A
The strategic management involve the determination of the organisation's mission, strategic policies, and strategic objectives
B
Strategic management is a stream of decisions and action which leads to the development of an effective strategy or strategies to help achieve corporate objectives
C
The strategic management process is the way in which strategists determine objectives and make strategic decisions.
D
All of the above.

15 Match the following

List-I (Tools of Strategy)	List-II (Concepts)
(A) Monitoring	1. Mission
(B) Establishing Standards	2. Performance
(C) Measuring Performance	3. Strategic Audit
(D) Compare Performance with Standard	4. Variance Finding
	5. Budget

CODES :

	A	B	C	D
(I)	3	2	1	4
(II)	1	2	3	4
(III)	1	3	2	5
(IV)	1	4	3	2

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Question:

Which is the functional area of Strategic Management?

A. Production or Operations
B. Finance
C. Marketing
D. All of the above

Correct answer: D

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