Question : Assertion: Strategy is a course of action designed to achieve a specific objective.
Reason: Strategies are always short-term in nature.
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 false because while a strategy is indeed a course of action designed to achieve specific objectives, it is not always tied to a single, specific objective. Strategies can be comprehensive and may involve multiple objectives and goals. The reason is correct in stating that strategies are not always short-term in nature; they can be both short-term and long-term, depending on the organizational context and goals.
Question : Assertion: A strategy provides a competitive advantage to an organization.
Reason: Strategies are always disclosed to competitors.
Question : Assertion: Strategies are developed at the operational level of an organization.
Reason: Strategies are primarily formulated by top-level management.
Question : Assertion: Strategies are formulated at all levels of an organization.
Question : Assertion: A strategy provides a comprehensive plan for achieving organizational goals.
Reason: Strategies are limited to short-term objectives.
Question : Assertion: A strategy does not provides a roadmap for achieving long-term objectives.
Reason: Strategies are only applicable for short-term goals.
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