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MCQ on Strategic Analysis and Planning

1. Which of the following is NOT ‘external environment considerations?
(A) Political trends
(B) Economic shifts
(C) Operational inefficiencies
(D) Changes in consumer taste

2. Which of the following is NOT an element of Situation Analysis?
(A) Product Situation
(B) Competitive Situation
(C) Distribution Situation
(D) Profit Situation

3. Which of the following is not ‘internal environment considerations?
(A) Operational inefficiencies
(B) Changes in consumer taste
(C) Employee morale
(D) Constraints from financial issues

4. Identification of opportunities and avoiding or mitigating losses is called ____.
(A) Risk management
(B) Stress management
(C) Change management
(D) Co-ordination

5. Strategists must ask themselves question such as:
(A) Is our strategy failing or succeeding?
(B) Will we meet our stated goals?
(C) Does our strategy align with our vision, mission, and values
(D) All of the above

6. In SWOT analysis the ‘O’ stands for ____.
(A) Objections
(B) Openings
(C) Opportunities
(D) Obstacles

7. Potential strategic alternatives include –
(A) Changes in capital structure
(B) Changes in supply chain manage¬ment
(C) Changes in business process
(D) All of the above

8. _______ refers to the process of conducting research on a company and its operating environment to formulate a strategy.
(A) Strategic management
(B) Strategic analysis
(C) Sensitive analysis
(D) Simulation analysis

9. Which of the following SWOT elements are internal factors for a business?
(A) Strengths and Weaknesses
(B) Opportunities and Threats
(C) Strengths and Opportunities
(D) Weaknesses and Threats

10. _____ generally relate to external factors.
(A) Strengths and weaknesses
(B) Opportunities and threats
(C) Weaknesses and Threats
(D) Strengths and Opportunities

11. A situation analysis should be conducted ______.
(A) After developing a strategy.
(B) At the beginning of any program or project
(C) Before a company is incorporated
(D) At a later stage in quality management

12. Which of the following is an element of Situation Analysis?
(A) Environmental Factors
(B) Distribution Situation
(C) Both (A) and (B)
(D) Neither (A) nor (B)

13. Active scanning involves the _____ of continuous resources and, from time to time, supplementing them with existing resources as needed.
(A) Conscious selection
(B) Subconscious selection
(C) Analysis of threats to the business
(D) None of the above

14. The strategic analysis involves:
(A) Identifying and evaluating data relevant to the company’s strategy.
(B) Defining the internal and external environments to be analyzed.
(C) Using several analytic methods such as Porter’s five forces analysis, SWOT analysis, etc.
(D) All of the above

15. Which of the following executes strategy into everyday execution tactics?
(A) Goal setting
(B) Technical planning
(C) Operational planning
(D) None of the above

16. As per ADL Matrix, the company’s competitive position is determined by –
(A) Cash Cows & Growth Stage
(B) Market Improvement & Strategic Actions
(C) Strategic Actions & Competitor’s Strategies
(D) Strong & Stable Strategies

17. The purpose of a strategic analysis is to _____.
(A) Analyze an organization’s external and internal environment
(B) Assess current strategies
(C) Generate and evaluate the most successful strategic alternatives.
(D) All of the above

18. The ADL Matrix or Arthur D Little Strategic Condition Matrix is a Portfolio Management technique that is based on the –
(A) Market Growth Strategy (MGS)
(B) Corporate Portfolio Investment (CPI)
(C) Product Life Cycle (PLC)
(D) Strategic Business Units (SBU)

19. There are four categories of industry maturity as per ADL Matrix:
(A) Strong, favorable, mature, and decline
(B) Strong, favorable, tenable and weak
(C) Embryonic, growth, mature and aging
(D) Embryonic, growth, tenable and weak

20. _____ is the process we use to gain understanding and insight into our present situation.
(A) Situational analysis
(B) Sensitive analysis
(C) Simulation analysis
(D) All of the above

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