Home » mcq » Commerce » Business management » Match the following. List-I List-II a. Objective 1. Reveal priorities b. Strategies 2. Retreats c. Policies 3. Potential actions d. Periodical conduct of strategic management meeting 4. Mainly address repetitive/recurring situations
a-1, b-3, c-4, d-2
a-3, b-4, c-1, d-2
a-3, b-1, c-2, d-4
a-4, b-1, c-2, d-3
Answer is Wrong!
Answer is Right!
The correct answer is: A. a-1, b-3, c-4, d-2.
- Objectives are the desired outcomes of a plan or project. They reveal priorities and guide decision-making.
- Strategies are the means by which objectives are achieved. They 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/>
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are potential actions that can be taken to reach the desired outcome.
Policies are general guidelines that govern decision-making. They mainly address repetitive/recurring situations.
Periodical conduct of strategic management meeting is a way to ensure that the organization is on track to achieve its objectives. It is a forum for discussing progress, identifying challenges, and making necessary adjustments.
Here are some additional details about each of the terms:
- Objectives: Objectives are the desired outcomes of a plan or project. They are specific, measurable, achievable, relevant, and time-bound. Objectives should be aligned with the organization’s mission and vision.
- Strategies: Strategies are the means by which objectives are achieved. They are the specific actions that will be taken to reach the desired outcome. Strategies should be feasible, realistic, and cost-effective.
- Policies: Policies are general guidelines that govern decision-making. They are designed to ensure that decisions are made in a consistent and fair manner. Policies should be clear, concise, and easy to understand.
- Periodical conduct of strategic management meeting: Periodical conduct of strategic management meeting is a way to ensure that the organization is on track to achieve its objectives. It is a forum for discussing progress, identifying challenges, and making necessary adjustments. Strategic management meetings should be held on a regular basis, at least once a quarter.
I hope this information is helpful. Please let me know if you have any other questions.