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

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

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

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

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

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

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‘Inbound and Outbound logistics” are related to:

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____ is an extension of

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The term supply chain refers to the linkages between –

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The purpose of supply chain management is –

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In___importance is given to speed and reliability.

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Under eco-friendly strategy –

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

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Under a cost leadership strategy –

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

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Which of the following cannot be classified as Business Strategies –

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Retention Strategy relating to Human Resource includes –

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Restructuring Strategies relating to Human Resource includes –

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

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

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

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The human resource management functions aim at –

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

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

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Human Resource strategy is that part of management which is –

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

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Mission and Vision Statements are NOT commonly used to:

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

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

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

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Vision Statement answers the question –

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

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

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Vision statement –

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The policy should be in the application.

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

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A vision statement is a company’s –

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An effective business policy –

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

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

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Every policy must have a basic feature of being –

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

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

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Business policy also deals with –

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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”?

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

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

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

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

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