TMA4/BUS427

TMA Quiz Questions TMA: TMA4/BUS427 SCORE=8.50 BUS427 - Business Policy & Strategy I Ms Katagum Bilkisu (bkatagum@noun.edu.ng ) 1 The strategic issues at the ………….level are related to business processes and the value chain. Top Lower Both A & B Functional 2 Strategic ………………………….. has now evolved to the point that its primary value is in helping the organisation operate successfully in a dynamic, complex environment. Planning Management Theories Formulation 3 Environmental scanning is the monitoring, evaluating and disseminating of information from the external and internal environments to key people within the ……………………… Corporation Environment Community Locations 4 Strategy formulation is the development of long-range plans for the effective management of environmental opportunities and threats, in the light of ……………... strengths and weaknesses. Corporate Individual Government Formulation 5 An organisation’s ………………..is the purpose or reason for the organisation’s existence. Visions Mission Values Objectives 6 The resolution of strategic issues that affect the …………………... of a business firm has been a continual endeavour Objectives Past Future Purpose 7 The general managers of tomorrow may be called upon to shoulder a set of entirely new responsibilities necessitating a drastic review of the emerging ……………… and techniques in business policy. Platform Concept Theories Strategies 8 Business policy seeks to …………………………………….. the knowledge and experience gained in various functional areas of management. Integrate Motivate Endorsed Move 9 Regardless of the level of management a person belongs to, business policy helps to create an understanding of how policies are ………………………. Formulated Legalized Endorsed Evaluated 10 …………………….strategy is the short term game plan Functional Operational corporate strategical 11 ……………………………………….acknowledged that policy denotes afuture action course of intention towards the organisation activities Christensen Koontz Kazmi Gray 12 Organisational behaviour is unique in the sense that it leads to the ………………….. of a special identity and character of an organisation. Evaluation Implementation Management Development 13 Organisational resources and behaviour combine in a complex fashion to create strengths and weaknesses within the ………………………….. environment of an organisation. Internal External Both A & B Sphere 14 ………………………... is an inherent capability which an organisation can use to gain strategic advantage. Strenght Weakness Both A & B Synergistic effects 15 Financial strength, for example, is a result of the availability of sources of finances, low cost of capital, efficient use of …………………., etc. Materials Funds Resources Labour 16 …………………………..is the inherent nature of organisations that strengths and weaknesses, like resources and behaviour, do not exist individually, but combine in a variety of ways. Strenght Weakness Synergistic effects Labour 17 The resources,…………………………..., strengths and weaknesses, synergistic effects and competencies of an organisation determine the nature of its internal environment. Opportunity Threats Both A & B Behaviour 18 The dynamics of the ……………………………. environment of an organisation can be best understood in the context of the resource-based view of firms or the resource-based theory of strategy. Internal External Both A & B Changing 19 The physical resources are the ………………..., plant and equipment, geographic location, access to raw materials, etc. Tangible Physical Both A & B Technology 20 Corporate level strategy fundamentally is concerned with the selection of businesses in which the company should compete and with the development and ………………..of that portfolio of business. Training Organization Human resources Coordination