Business Policy & Formulation of Functional Strategy – Financial and Strategic Management MCQ

A campaign advocating the message of ‘SAVE WATER’ is:

A tool by which management identifies and evaluates the various businesses that make up a company is termed as:

An advertisement says, ‘Have Roohafza with milk and lassi too’. Which strategy is the company trying to use:

Geographical Diversification, Product Diversification, and Entry Mode are the domains of:

‘Inbound and Outbound logistics” are related to:

____ is an extension of

The term supply chain refers to the linkages between –

The purpose of supply chain management is –

In___importance is given to speed and reliability.

Under eco-friendly strategy –

Under___, the company produces and sells high-quality goods and services.

Under a cost leadership strategy –

Under the company tries to be different and unique from its competitors.

Which of the following cannot be classified as Business Strategies –

Retention Strategy relating to Human Resource includes –

Restructuring Strategies relating to Human Resource includes –

In relation to Human Resource management, ‘Empowerment’ means –

The prominent area where Human Resource Manager can play a strategic role –

The prominent area where Human Resource Manager can play a strategic role –

The human resource management functions aim at –

Which of the following activity is not included in human resource management?

Human resource strategy is concerned with the employed in an organization.

Human Resource strategy is that part of management which is –

___of a company focuses on the question: ‘Who we are’ and ‘What we do’.

Mission and Vision Statements are NOT commonly used to:

____ is a force that creates a sense of commonality that permeates the organization and gives coherence to diverse activities

One of the primary advantages of diversification is sharing core competencies. In order for diversification to be most successful, it is important that –

A defines the company’s business, its objectives, and its approach to reach those objectives.

Vision Statement answers the question –

A narrow market focus is to a differentiation-based strategy as a –

Which of the following describes the desired future position of the company?

Vision statement –

The policy should be in the application.

Which of the following is a feature of the vision statement?

A vision statement is a company’s –

An effective business policy –

“To be a global leader in promoting good corporate governance” is __ of ICSI.

_____serves the purpose of stating what an organization wishes to achieve in the long run.

Every policy must have a basic feature of being –

What does a market-oriented mission statement define about the business?

Which of the following statement is TRUE about a Vision statement of a company?

Business policy also deals with –

Which of the following is best identified as a statement that presents “a firm’s big picture statement, describing the desired end-state, general in scope, and not restrictive”?

A clear mission statement acts as an invisible hand that guides people in the firm. It is a statement of___

Business policies are the___ developed by an organization to govern its actions.

At the corporate level, an organization starts the strategic planning process by defining its overall purpose and(A) Mission

Business Policy permits the___ management to deal with the problems and issues without consulting management every time for decisions.