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 : It helps in revising the standard as and when required. It also helps the organisation to verify the standards and to keep a check on the changes taking place. 
Which importance of controlling is highlighted here?
 

Option 1: Accomplishing organisational goals
 

Option 2: Judging accuracy of standards 
 

Option 3: Making efficient use of resources 
 

Option 4: Improving employee motivation.
 

Question : It helps the organisation to verify whether the standard set are accurate and objectives.  Which importance of controlling is highlighted here?
 

Option 1: Accomplishing organisational goals
 

Option 2: Judging accuracy of standards 
 

Option 3: Making efficient use of resources 
 

Option 4: Improving employee motivation.
 

Question : It helps to communicate the role of employees well in advance. It motivates them to give better performance.
Which importance of controlling is highlighted here?
 

Option 1: Accomplishing organisational goals
 

Option 2: Judging accuracy of standards 
 

Option 3: Making efficient use of resources 
 

Option 4: Improving employee motivation.
 

Question : Which of the following is not a feature of strategy?

 

Option 1: It is formulated by middle level management due to its relative importance.
 

Option 2: It is dynamic in nature.
 

Option 3: It provides guidelines for thinking and action.
 

Option 4: It is formulated after considering internal and external environment.