A ”Strategic plan’ is also called?

Related Mcqs:

1. To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is:

   A. short-term focused and composed of organisational strategy, including strategy formulation and implementation
   B. short-term focused and composed of the organisation’s mission, vision and value statements
   C. long-term focused and composed of organisational strategy, including strategy formulation and implementation
   D. long-term focused and composed of the organisation’s mission, vision and value statements

2. The plan which is firstly discussed in business plan is mostly?

   A. marketing plan
   B. financial plan
   C. personnel plan
   D. production plan

3. How many types of strategies are there in strategic planning?

   A. 3
   B. 4
   C. 5
   D. 6

4. The HR maturity of the company with respect to its strategic goals is measured by?

   A. Human Resource Development (HRD) scorecard
   B. HR scorecard
   C. both A and B
   D. none of above

5. A company can translate mission into strategic objectives by?

   A. Vertical integration
   B. Diversity
   C. Geographic coverage
   D. all of above

6. The ‘piecework’ pay plan is often called _______?

   A. individual pay plan
   B. group pay plan
   C. extrinsic rewards
   D. intrinsic rewards

7. The incentive and pay plan is tied to company’s overall profitability is called _________?

   A. fixed pay
   B. variable pay
   C. fixed-variable pay
   D. mixed pay

8. Strategic human resource management aims to achieve competitive advantage in the market through__________?

   A. Price
   B. Product
   C. People
   D. Process

9. Strategic management process usually consists of _________steps.

   A. Four
   B. Five
   C. Six
   D. Seven

10. Assistance to top level management for strategic plans is provided by?

    A. transactional HR group
    B. corporate HR group
    C. embedded HR group
    D. center of expertise