21 Jul 2014

Smu mba stategic management & business sample paper set one



4. Strategic decisions about the selection of products depends on_________.
Should have chosen
Business strategy
Wrong
Organisation
Feedback:Not the right choice - Selection of products doesn't depend on the organisation, but on the strategies of the organisation.
Planning
Corporate strategy
5. The key concept of production process involves _______________ of an organisation.
Should have chosen
Resources
Wrong
Planning
Feedback:Incorrect choice - Planning is not required for production process in an organisation.
Capability
Competency
6. Which amongst the following is the correct expansion of CSF?
Critical Success Faculty
Current Success Factor
Correct
Critical Success Factor
Feedback:Correct choice - Critical Success Factor is the correct expansion.
Current Success Facility

Unit 01-2 Mark
Question 1. Strategy defines _________ and __________ of an organisation.
Correct
Vision and mission
Feedback:Correct choice - Vision and mission are components of strategy.
Vision and value
Tactics
Goals
2. Which among the following does not belong to the levels of strategy?
Wrong
Corporate strategy
Feedback:Incorrect choice - Corporate strategy is one of the levels of strategy.
Business strategy
Operational strategy
Should have chosen
Conceptual strategy

Unit 01-1 Mark
Question 1. Which amongst the following methods is used by an organisation to plan the progress for a long term?
Exclusive Distribution
Public Relations
Correct
Strategy
Feedback:Correct choice
Pricing
2. A ___________ defines the purpose and principles of an organisation in terms of values of an organisation.
mission statement
Correct
vision statement
Feedback:Correct choice - Vision statement defines the purpose and principles in terms of values of an organisation.
strategy
goal
3. In a business, _________ is the doing phase.
Business
Wrong
Survival
Feedback:Incorrect choice - Survival is one of the objectives of a business.
Profit maximisation
Should have chosen
Tactics

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