Question : Identify the statement given below. It provides a basis for interpreting strategy. They are the guidelines to managerial action.
Option 1: Objective
Option 2: Strategy
Option 3: Policies
Option 4: Single use plan.
Correct Answer: Policies
Solution : Policies are general statement that guides thinking our channelise energy towards a particular direction. They provider base for interpreting strategy. They are guides to managerial action and decision in the implementation of strategy. Hence Option C is correct.
Question : Identify the concept in the following statement The objective of a mobile company is to increase the mobile users by 20% in 1 year.
Option 1: Single use plan
Option 2: Standing plan
Option 3: Objective
Option 4: Strategy
Question : Identify the concept in the following statement - Pepsi and Sprite are competitors in the soft drink market if Pepsi reduces the price of its product then Sprite maintain it's market share.
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 4: Procedures
Question : Which plan are formalted for the short period and involves budget programs and projects?
Option 2: Standing
Option 3: Neither single use nor standing plan
Option 4: Either single use or standing plan.
Question : Identify concept in the below statement. Selection of proper ___________ save time, money and effort and increases efficiency.
Option 1: Method
Option 2: Procedures
Option 4: Objective
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