Question : Assertion: Strategy involves the determination of long-term objectives.
Reason: Strategies are developed to achieve specific short-term goals.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer: Assertion is false, but the reason is correct.
Solution : The correct answer is (c) Assertion is false, but the reason is correct.
The assertion is incorrect as strategy involves the determination of both long-term and short-term objectives. Strategies are plans or approaches designed to achieve an organization's goals, which may include a mix of short-term and long-term objectives. The reason is correct in stating that strategies can be developed to achieve specific short-term goals, but it doesn't cover the full scope of strategy, which also includes long-term planning.
Question : Assertion: A strategy does not provides a roadmap for achieving long-term objectives.
Reason: Strategies are only applicable for short-term goals.
Question : Assertion: A strategy provides a comprehensive plan for achieving organizational goals.
Reason: Strategies are limited to short-term objectives.
Question : Assertion: Strategies are developed at the operational level of an organization.
Reason: Strategies are primarily formulated by top-level management.
Question : Assertion: Objectives are the end results towards which an organization's efforts are directed.
Reason: Objectives are set only for the long term and not for short-term goals.
Question : Assertion: Objectives provide direction and purpose to an organization's activities.
Reason: Objectives are formulated for the short term and long term.
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