Strategic Management- I (B.Com- III Group- B) MCQ
Module 1 - Introduction of Strategic Management A. Multiple Choice Questions (MCQs) – 15 Strategic management is primarily concerned with: a) Day-to-day operations b) Long-term objectives and plans c) Employee attendance d) Routine task scheduling Answer: b) Long-term objectives and plans Which of the following is NOT a level of strategy? a) Corporate-level strategy b) Business-level strategy c) Functional-level strategy d) Operational-level strategy Answer: d) Operational-level strategy Tactics differ from strategy in that they are: a) Long-term plans b) Short-term actions c) Focused on mission statements d) Determined by corporate goals Answer: b) Short-term actions The first step in the strategic management process is: a) Strategy formulation b) Strategy implementation c) Setting objectives d) Evaluation and control Answer: ...