Business Policy and Strategic Management MCQ With Answers
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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