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Quiz 1

This document contains a quiz on business analysis and strategic management concepts. It includes 15 multiple choice questions testing understanding of key strategic terms and concepts like vision and mission statements, SWOT analysis, the strategic management process of formulation, implementation and evaluation, and the different levels of strategy (functional, business, and corporate). The questions cover distinguishing between strategies and policies, and identifying the purpose of tools like mission statements.

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divya kalyani
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89 views3 pages

Quiz 1

This document contains a quiz on business analysis and strategic management concepts. It includes 15 multiple choice questions testing understanding of key strategic terms and concepts like vision and mission statements, SWOT analysis, the strategic management process of formulation, implementation and evaluation, and the different levels of strategy (functional, business, and corporate). The questions cover distinguishing between strategies and policies, and identifying the purpose of tools like mission statements.

Uploaded by

divya kalyani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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VALORIS INTERNATIONAL UNIVERSITY

BBA
QUIZ – 1 - 100 MARKS
BUSINESS ANALYSIS

1) Strategy is an action that managers take to attain one or more of the


organization’s goals. (True / False)

2.----------------- outline the methods to be adopted for fulfilling the


objectives set in the vision statement.

a) Vision statement
b) Mission statement
c) Social statement
d) none of above

3) A ___ provides clarity on the objectives of the company. Ans:


Vision statement

a) Vision statement
b) Mission statement
c) Social statement
d) none of above

4) SWOT analysis refers to the analysis of the organization’s ___.


a) Strength, Weakness, Opportunities, Threats
b) Skills, Weakness, Opportunities, Threats
c) Strength, Workload, Opportunities, Threats
d) Strength, Weakness, Opportunities, Thrusts
Ans: (a) Strength, Weakness, Opportunities, Threats

5) List out the 3 processes involved in strategic management.


a) strategy formulation,
b) implementation
c) evaluation.
d) all of above

6) The strategies should be prioritized based on the seriousness of


underlying issues. (True / False)
7) Both management and employees are involved in strategy
evaluation (True / False)

8) Strategic analysis for policy basically deals with ___.


a) analyzing the employees incentives
b) analyzing the internal environment
c) analyzing the external environment
d) none of above

9) true or false

1- A strategy is thought oriented.


2 - A policy is action-oriented.
3 Strategy is developed to mobilise the available resources in the best
interest of the organization.

10) ------------- is a general set of directions for the organisation to


achieve a desirable state in the future.
a) Strategy
b) mission
c) vision
d) policy

11) The three types of strategies adopted by an organization are ___,


___ and ___.

a) Functional strategy,
b) Business Strategy and
c) Corporate Strategy
d) all of above

12) ----------- can be defined as the determination of the basic long term
goals and objectives of an enterprise, the adoption of courses of
action and the allocation of resources necessary for carrying out these
goals.

a) Strategy
b) Strategic dimension
c) Business level strategy
d) None of the above
13) Which strategy will be used by an organization that is in more
than one line of business?

a) Business level strategy


b) Contemporary strategy
c) Corporate level strategy
d) None of above

14) The fundamental purpose for the existence of any organization is


described by its

a) Policies
b) Mission
c) Procedures
d) Strategy

15) The fundamental purpose of an organization’s mission statement


is to
a) create a good human relations climate in the organisation
b) define the organisation purpose in society
c) define the operational structure of the organization
d) generate good public relations for the organisation

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