This is a collection of top 25 Business Policy and Strategic Management MCQ with Answers for MBA, MCA, MMS, PGDM, BBA, B.Com, M.Com and other management students. These Business Policy and Strategic Management multiple-choice questions will help students for SE, NET, Ph D entrance exams and other competitive exams preparation. Let’s start practicing BPSM MCQs for better understanding & score.
In Business Policy & Strategic Management (BPSM), SAC stands for __________
A. Strategic Advantage of Company
B. Structural Analysis & Comparison
C. Strategic Analysis Code
D. Strategy Analysis and Choice
View Answer
D. Strategy Analysis and Choice
The word “Policy” is derived from the french word _______ meaning ‘civil administration’.
A. Politeia
B. Policie
C. Polity
D. Policium
View Answer
B. Policie
In BPSM, __________ is guide to action.
A. Strategy
B. Procedure
C. Law
D. Policy
View Answer
D. Policy
The word Policy is originated via Latin from Greek word _______ meaning ‘citizenship’.
A. Politeia
B. Policie
C. Politica
D. Policio
View Answer
A. Politeia
The fundamental purpose for the existence of any organization is described by its _________
A. Business Mission
B. Strategic Management
C. Business Policy
D. Corporate Strategy
View Answer
A. Business Mission
_______acts as a guide in decision making process
A. Policy
B. Procedure
C. Strategy
D. Governance
View Answer
A. Policy
_______is the mode of thought and the principles underlying the activities of an organization or an institution
A. Policy
B. Business
C. Strategy
D. Management
View Answer
A. Policy
_________ refers to the exchange of commodities and services for increasing utilities
A. Policy
B. Strategy
C. Business
D. Management
View Answer
C. Business
In Business Policy & Strategic Management, SWOC stands for _________
A. Strength Weakness Options Challenges
B. Strategy Weakness Opportunity Challenge
C. Strengths Weaknesses Opportunity Clarity
D. Strengths Weaknesses Opportunities Challenges
View Answer
D. Strengths Weaknesses Opportunities Challenges
_________ may be written, oral or implied.
A. Policy
B. Procedure
C. Document
D. Letter
View Answer
A. Policy
_________ are always in writing.
A. Policy
B. Procedures
C. Decisions
D. None of the above
View Answer
B. Procedures
Policy is more ________than procedure.
A. Rigid
B. Flexible
C. Clear
D. Easy
View Answer
B. Flexible
Policy is the creation or design of _______
A. Line Managers
B. Top Management
C. Operator
D. Government
View Answer
B. Top Management
Procedure is developed or designed by _______
A. Line Managers
B. Top Management
C. Operator
D. Government
View Answer
A. Line Managers
A ______ is a series of steps to be followed.
A. Policy
B. Strategy
C. Procedure
D. Coordination
View Answer
C. Procedure
________ offers guidelines for managers to take appropriate decisions.
A. Business Policy
B. Strategic Management
C. Corporate Governance
D. Risk Management
View Answer
A. Business Policy
A performance rating system is _________
A. Ratings for last years objectives
B. The extent to which the work objectives met
C. Yearly achievements during specified period
D. A grade or score relating to the overall performance
View Answer
D. A grade or score relating to the overall performance
______ is the type of business policy according to the Nature of Origin.
A. Originated Policy
B. Imposed Policy
C. Appealed Policy
D. All of the above
View Answer
D. All of the above
______ is NOT the type of business policy According to the Mode of Expression.
A. Implied Policy
B. Oral Policy
C. Appealed Policy
D. Written Policy
View Answer
C. Appealed Policy
______ is the type of business policy according to the structure of the organisation.
A. Internal Policy
B. External Policy
C. Recruitment and selection policy
D. All of the above
View Answer
D. All of the above
Basic Policy, Major Policy and Minor Policy are the types of Business Policies according to_________
A. Origin
B. Importance
C. Structure
D. Scope
View Answer
D. All of the above
According to the Scope, business policies can be classified into______
A. General, Specific & Directive Policy
B. Internal & External Policy
C. Oral, Written & Implied Policy
D. All of the above
View Answer
D. All of the above
________can be defined as the decision to select from among the grand strategies considered, the strategy which will best meet the enterprise’s objectives.
A. Business Policy
B. Strategic Management
C. Strategic Choice
D. Risk Management
View Answer
C. Strategic Choice
The timescale for performance appraisals are usually –
A. Quarterly
B. Monthly
C. One Year
D. Three Years
View Answer
C. One Year
Objective-based rating scales are _______
A. Rating scales allocated by Manager
B. Measures of performance against objectives set
C. Ratings subjectively determined
D. All of the above
View Answer
B. Measures of performance against objectives set
________ is a formal document outlining the ways in which an organization intends to conduct its affairs and act in specific circumstances.
A. Corporate Strategy
B. Policy Statement
C. Blue Ocean Strategy
D. Procedure Statement
View Answer
B. Policy Statement
This is all about Business Policy & Strategic Management (BPSM) MCQ with solutions useful for management students and business professionals.
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