Question : Identify the concept in the below statement. It is the steps to be carried out within a broad policy framework. It do not leave any scope for individual judgement.
Option 1: Objective
Option 2: Strategy
Option 3: Policies
Option 4: Procedures
Correct Answer: Procedures
Solution : A procedure is a chronological sequence of steps to be taken to perform an activity in an efficient manner. It is very rigid in nature and do not leave any scope for individual judgement. Policies and procedures go hand in hand. Hence Option D is correct.
Question : Identify the concept in the below statement. It gives a step by step approach to guide the action necessary to reach a predetermine goal.
Option 1: Rules
Option 2: Procedures
Option 3: Programme
Option 4: Objective
Question : Which of the following statement is correct? Statement 1: Selling scope is broad. Statement 2: Selling activity start after the production of the goods and it ends with the sale of the product.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Question : Identify the concept from the following statement. It involves converting internal thought of sender into a language so that receiver could understand a message.
Option 1: Encoding
Option 2: Decoding
Option 3: Media
Option 4: None of the above
Question : Identify the importance of business environment highlighted in the below case. Enterprises design policies to arrange the required resources so that it can convert them into desired output.
Option 1: Identify opportunities and getting first mover advantage
Option 2: Identify threads and early warning signals
Option 3: Helps in taping useful resources
Option 4: Helps in coping with rapid changes
Question : Which concept is highlighted in the given statement? Statement: It aims to transfer of ownership of the goods through aggressive promotion.
Option 1: Selling
Option 2: Marketing
Option 3: Selling mix
Option 4: Marketing mix
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