TMA

TMA2/BUS427 – Business Policy & Strategy I

TMA Quiz Questions
TMA: TMA2/BUS427
SCORE=9.00
BUS427 – Business Policy & Strategy I
Ms Katagum Bilkisu (bkatagum@noun.edu.ng )
1 Organisational …………………….is the inherent capacity or potential of an organisation to use its strengths and overcome its weaknesses in order to exploit the opportunities and face the threats in its external environment.
2 Business-level strategies are similar to corporate-strategies in that they focus on overall ………………………………….
3 …………………………………. units are usually individual enterprise-like entities oriented toward a particular industry, product or service type, and or market.
4 Strategies for an organization may be classified by the level of the organization responsible for the ………………………………..
5 Although, it is ……………………………………………..to think of policies as written statements, it is not necessary the case.
6 Steiner’s Pyramid of business policies constitute……………………………….levels
7 Steiner’s Pyramid of business policies First level is ………………………………..…
8 Major policies are formulated at the top of the organization and relate to the …………………….. main purpose.
9 The ……………………………. resources are the training, experience, judgement, intelligence, relationships, etc. present in an organisation.
10 The organisational resources are the ……………………….. systems and structures as well as informal relations among groups.
11 The ……………………………..-based theory of strategic management holds that firms possess resources of which those that are valuable and rare enable them to achieve strategic advantage.
12 The cost and availability of resources are the most important factors on which the ……………………………. of an organisation depends.
13 Organisational behaviour is the manifestation of the various forces and influences operating in the ……….. environment of an organisation that create the ability for, or place constraints on, the usage of resources.
14 Managers must be consistent with corporate policiesof the organisation while………………………….…policies at these levels.
15 The type of business influences the bulk of ……………………… muted out for compliance.
16 It is not uncommon for ………………………………….. to declare policy for prestige purposes, such as publicity and then fail to put the policy into practice.
17 In some cases, some …………………………… apply policies in wrong and negative ways, hiding under one excuse or the other for not carrying out some course of action.
18 Policies are subdivided and stated in terms of ………………………………………..
19 The greater an executive’s influence on policy, the greater is his contributions and the higher his status among fellow ………………………………
20 In large ……………………….. today, for instance, the Chief Accountant is an important contributor to advance planning and policy formulation.
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