and Control IIIB (MNG3702) – Complete Solved Assignment with
Step-by-Step Answers, Marking-Guideline Alignment & Exam-
Focused Study Guide (Updated 2026 Edition)
,Question 1
What is the primary purpose of a strategic plan?
A) To provide a detailed work schedule for employees
B) To set long-term goals and define a direction for the organization
C) To monitor and control daily operations
D) To identify individual employee performance metrics
Correct Answer: B) To set long-term goals and define a direction for the
organization
Rationale: A strategic plan outlines an organization's vision, mission, and long-term
objectives, guiding decision-making at all levels.
Question 2
Which of the following is NOT a component of the strategic control process?
A) Setting performance standards
B) Measuring actual performance
C) Developing tactical plans
D) Analyzing deviations
Correct Answer: C) Developing tactical plans
Rationale: The strategic control process focuses on monitoring and evaluating
strategies rather than developing new tactical plans.
Question 3
What is the role of performance indicators in strategic implementation?
A) To provide irrelevant data
B) To assist in making strategic decisions
C) To offer a snapshot of employee satisfaction
D) To replace the need for a strategic plan
Correct Answer: B) To assist in making strategic decisions
Rationale: Performance indicators help organizations assess their progress towards
strategic goals and inform effective decision-making.
Question 4
In which phase of the strategic management process is the evaluation of control
measures most critical?
, A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Environmental scanning
Correct Answer: C) Strategy evaluation
Rationale: The evaluation phase focuses on assessing the effectiveness of the
implemented strategies and making necessary adjustments.
Question 5
Which of the following strategies is primarily focused on cost leadership?
A) Differentiation strategy
B) Focus strategy
C) Low-cost strategy
D) Innovation strategy
Correct Answer: C) Low-cost strategy
Rationale: A low-cost strategy aims to become the lowest-cost producer in an industry,
allowing for competitive pricing and market dominance.
Question 6
What is a key benefit of using scenario planning in strategic management?
A) It guarantees the success of strategies
B) It allows for rigid adherence to current strategies
C) It prepares organizations for unexpected changes
D) It eliminates the need for risk assessment
Correct Answer: C) It prepares organizations for unexpected changes
Rationale: Scenario planning helps organizations envision potential future challenges
and opportunities, enhancing their adaptability.
Question 7
In the context of strategic control, what does variance analysis entail?
A) Reviewing employee performance evaluations
B) Comparing actual outcomes to planned targets
C) Crafting new strategic plans based on trends
D) Conducting market research on competitors
Correct Answer: B) Comparing actual outcomes to planned targets