TMA

TMA1/BUS427 – Business Policy & Strategy I

TMA Quiz Questions
TMA: TMA1/BUS427
SCORE=9.50
BUS427 – Business Policy & Strategy I
Ms Katagum Bilkisu (bkatagum@noun.edu.ng )
1 Policy aims at assisting the organization to deliver services to meet the needs and expectations of the ……………of the organization.
2 Policies are plans in that they are general statements or understandings that guide or …………………………… thinking in decision making.
3 The objectives of an organisation are related to the input-conversion-output ………………………
4 …………………………… which is the most common pedagogical tool in business policy – provides illustrations of real-life business strategy formulation and implementation.
5 The study of business policy should enable a student to develop analytical ability and use it to ……………………………. the situation in a given case or incident.
6 Experience has shown that managers, specially in the area of long-range planning, have to work with incomplete …………………………
7 …………………………. are the end results of planned activity, they state what is to be accomplished by when and should be quantified if possible.
8 …………………… strategy is the approach taken by a functional area to achieve corporate and business unit objectives and strategies by maximising resource productivity.
9 A …………………………… of strategy is the grouping of strategy types by level in the organisation.
10 Strategy implementation is the process by which strategies and policies are put into action through the development of programs, ………………… and procedures.
11 The management is responsible for developing and approving major comprehensive …………………………policies.
12 Middle managers usually establish less critical policies relating to the operation of their sub unit.
13 Many professionally managed companies acknowledge the fact that it is necessary to have policies in all the major ……………………. areas of management.
14 Policies cut across all ………………………………… areas of the organistion
15 ……………………. policy is another area in which management can affect the financing structure of the company and examine whether changing dividend policy could perhaps add value.
16 Objectives and policy together provide… guidelines for the operations and management of organisation.
17 An explicit statement of objectives may assist ………………………………….. and reduce misunderstandings, and provide more meaningful criteria for evaluating organizational perfromance.
18 The choice of objectives is an essential part of the ……………….process including future courses of action.
19 Competencies are special qualities possessed by an ……………………. that make them withstand the pressures of competition in the marketplace.
20 Many organisations achieve strategic success by building distinctive …………………………………. around the critical success factors.
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  1. YOU ARE DOING A GREAT JOB. PLS CAN I GET TMA QUESTIONS AND ANWERS FOR (ECE113, ECE121, EDU111, ENG 151, PED121, PED221, PHS 201, PHS 203, PHS 217, PHY 103

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