Strategic Management Online Test Part 4

16. _____ bias is a belief that synergy will only be captured by compelling or cajoling the business units to cooperate.

a. Upside
b. Parenting
c. Skill
d. Synergy

Answer: b. Parenting

17. Match the Following

1] Decisionsi] Made under uncertainty and risk
2] Decision treesii] Depicts pictorially the various outcomes of a decision
3] Preference theoryiii] Believes individual attitude towards risk varies

a. 1-i, 2-ii, 3-iii
b. 1-ii, 2-iii, 3-i
c.  1-iii, 2-i, 3-ii
d. 1-iii, 2-ii, 3-i

Answer: a. 1-i, 2-ii, 3-iii

18. Which of the following are the component tasks of strategic planning?

i] Formulating corporate strategy
ii] Generating strategic alternatives, evaluating & selecting them
iii] Implementing, monitoring, and controlling the strategy

a. Only i
b. Both i and ii
c. Both i and iii
d. All the above

Answer: d. All the above

19. _______ is a famous researcher in the domain of social responsibility.

a. Archie B. O'Donnell
b. Archie B. Bowen
c. Archie B. Carroll
d. Archie B. Catherine

Answer: a. Archie B. O'Donnell