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    Strategic Management FQ2

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    KimberlyHazel Lantano
    The document contains a final quiz on business strategy and policy with multiple choice questions covering topics such as the differences between strategy and policy, factors that support strategy implementation, and ensuring policies are clear and flexible. It tests knowledge of key concepts around organizational structure, systems, leadership, and evaluating strategy effectiveness in achieving goals. The quiz demonstrates a strong understanding of strategic management principles.

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    Strategic Management FQ2

    Uploaded by

    KimberlyHazel Lantano
    225 views3 pages
    The document contains a final quiz on business strategy and policy with multiple choice questions covering topics such as the differences between strategy and policy, factors that support strategy implementation, and ensuring policies are clear and flexible. It tests knowledge of key concepts around organizational structure, systems, leadership, and evaluating strategy effectiveness in achieving goals. The quiz demonstrates a strong understanding of strategic management principles.

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    STRATEGIC-MANAGEMENT-FQ2

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    The document contains a final quiz on business strategy and policy with multiple choice questions covering topics such as the differences between strategy and policy, factors that support strategy implementation, and ensuring policies are clear and flexible. It tests knowledge of key concepts around organizational structure, systems, leadership, and evaluating strategy effectiveness in achieving goals. The quiz demonstrates a strong understanding of strategic management principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    225 views3 pages

    Strategic Management FQ2

    Uploaded by

    KimberlyHazel Lantano
    The document contains a final quiz on business strategy and policy with multiple choice questions covering topics such as the differences between strategy and policy, factors that support strategy implementation, and ensuring policies are clear and flexible. It tests knowledge of key concepts around organizational structure, systems, leadership, and evaluating strategy effectiveness in achieving goals. The quiz demonstrates a strong understanding of strategic management principles.

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    © All Rights Reserved
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    Final Quiz 2

    20/20

    is as significant as strategy formulation because it throws light on the efficiency and


    effectiveness of the comprehensive plans in achieving the desired results.

    Strategy Evaluation

    This addresses the management or leadership in force within the organization, from
    top management to the team leaders and managers in the smaller units.

    Select one:

    Style

    Strategy is concerned with both thought and actions. While policy is concerned
    mostly with action.

    Select one:

    False

    It states that, there should be a clear indication and guide on how the main activities
    or operations of the business are carried out.

    Select one:

    Systems

    It must be visible to everyone, and clearly identify how the departments, divisions,
    units and sections are organized, with the lines of authority and accountability clearly
    established.

    Select one:

    Structure

    Strategy formulation tackles theAnswer and _________of the activities of the


    organization.
    What, why
    Strategy must be uniform enough so that it can be efficiently followed by the
    subordinates.

    Select one:

    False
    Business policy
    deals with acquisition of resources with which organizational
    goals can be achieved.
    Business policy

    This does not imply that a policy should be altered always, but it should be wide in
    scope so as to ensure that the line managers use them in repetitive/routine scenarios.

    Select one:

    Flexibility
    What are the Five (5) factors that support strategy implementation? 

    Answer:  People, Resources, Structure, Systems, Culture

    Policy must be unambiguous. It should avoid use of jargons and connotations.

    Select one:

    True

    A policy is what is, or what is not done. While a strategy is the methodology used to
    achieve a target as prescribed by a policy.

    Select one:

    True

    Skills
    Employees withoutAnswer  are worthless resources to the organization.
    Skills

    Policy should be__________ or else it will lead to indecisiveness and uncertainty in


    minds of those who look into it for guidance.

    Select one:
    Stable

    Strategy Evaluation is where the organization’s mission, objectives, and strategies are
    defined and set.

    Select one:

    False

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