Lesson 11

Question 1

are concerned with whole environment in which the
firm operates, the entire resources and the people who form the company and the interface
between the two

Answer 1

Strategic decisions

Question 2

have major resource propositions for an organization. These
decisions may be concerned with possessing new resources, organizing others or
reallocating others.

Answer 2

Strategic decisions

Question 3

deal with harmonizing organizational resource capabilities with the
threats and opportunities.

Answer 3

b. Strategic decisions

Question 4

deal with the range of organizational activities. It is all about what
they want the organization to be like and to be about.

Answer 4

c. Strategic decisions

Question 5

involve a change of major kind since an organization operates in
ever-changing environmen

Answer 5

d. Strategic decisions

Question 6

are complex in nature.

Answer 6

e. Strategic decisions

Question 7

are at the top most level, are uncertain as they deal with the future,
and involve a lot of risk.

Answer 7

f. Strategic decisions

Question 8

are different from administrative and operational decisions.

Answer 8

g. Strategic decisions

Question 9

are routine decisions which help or rather facilitate strategic
decisions or operational decisions.

Answer 9

Administrative decisions

Question 10

are technical decisions which help execution of strategic
decisions.

Answer 10

Operational decisions

Question 11

are long-
term decisions.

Answer 11

Strategic decisions

Question 12

These are considered where
The future planning is
concerned.

Answer 12

Strategic decisions

Question 13

Strategic decisions are taken
in Accordance with
organizational mission and
vision.

Answer 13

Strategic decisions

Question 14

These are related to overall
Counter planning of all
Organization.

Answer 14

Strategic decisions

Question 15

These deal with organizational
Growth.

Answer 15

Strategic decisions

Question 16

decisions
are taken daily.

Answer 16

Administrative

Question 17

These are short-term
based Decisions.

Answer 17

Administrative

Question 18

These are taken according
to strategic and
operational Decisions.

Answer 18

Administrative

Question 19

These are related to
working of employees in
an Organization.

Answer 19

Administrative

Question 20

These are related to
working of employees in
an Organization.

Answer 20

Administrative

Question 21

These are in welfare of
employees working in an
organization.

Answer 21

Administrative

Question 22

decisions are
not frequently taken.

Answer 22

Operational

Question 23

These are medium-period
based decisions.

Answer 23

Operational

Question 24

These are taken in
accordance with strategic
and administrative decision.

Answer 24

Operational

Question 25

These are related to production.

Answer 25

Operational

Question 26

These are related to production and factory growth.

Answer 26

Operational

Question 27

T/F There are many benefits of strategic management and they include identification, prioritization, and exploration of opportunities.

Answer 27

True

Question 28

allows firms to take an objective view of the activities being done by it and do a cost benefit analysis as to whether the firm is profitable.

Answer 28

strategic management

Question 29

T/F The key point to be noted here is that operational decisions allows a firm to orient itself to its market and consumers and ensure that it is actualizing the right strategy.

Answer 29

False Strategic management

Question 30

T/F firms that do not engage themselves in meaningful strategic planning are often bogged down by internal problems and lack of focus that leads to failure.

Answer 30

True

Question 31

T/F high performing firms tend to make more informed decisions because they have considered both the short term and long-term consequences and hence, have oriented their strategies accordingly.

Answer 31

True