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Policy Ia June 2017
Policy Ia June 2017
Business policy
UGBS: 402
Formative Assessment
Second Semester, March 19, 2017
Instructions
Answer all questions on the question paper; there are 50 multiple choice questions in all.
You may tick, circle or state the correct answer depending on the requirement of a
question.
1. Likewise, economics, marketing and finance, there are theories which inform business policy.
Outline the main theories of business policy as discussed in class
…………………………………………………………………………………………………..
…………………………………………………………………………………………………..
2. For example, from business policy viewpoint, if the University of Ghana organizes its task,
people, activities and resources to execute its policy and strategy, this activity will be referred to
as the University’s…………………………………………………………………………………
3. In the course on implementing its policy and strategy if the University of Ghana creates new
programmes, such action will be referred to as …………………...............................................
6. In line with business policy and strategy, the tool for understanding a firm such as Ecobank’s
environment is called the ……………………………...
7. According to business policy and strategy, the three basic resources of an organization such as
the University organization will be 1)………………………. 2)…………………………
3)…………………………………………………………………………………………………..,
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8. If for example the Ghana Commercial Bank introduces simple changes or adjustments in its
existing services and/or processes, such an activity will be called…………………………………
9. The variables beyond the control of say UT group of companies or for example KLM which
influence the choice of direction and actions of such a firm will be referred to as the
…………………………
13. From business policy’s perspective, a core idea regarding how for example Kingdom Books
Ltd (the operator of the University of Ghana’s Bookshop) can best compete in the Ghanaian
market place is called the …………………………….
18. If a firm has a business policy plan, such a plan will be the umbrella of its business plan and
model – true………………………. false…………………………………………………………
19. In drawing up business policy and strategic plan, a firm structure will be part of its systems –
true……………………….. false………………………………………………………………….
20. The sub plans of business of policy and strategy for a company such as Coca Cola will
include project management plan – true…………………….. false………………………….
21. If University of Ghana chooses to admit more students without doing anything different to its
current programmes, this will mean that the university merely just wants to grow –
true…………................ false……………………………………………………………………….
22. The concentrated strategy is an element of the business development model – true…………
false………………………………………………………….
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23. The business development model has four dimensions – true………………………. false…..
24. If University of Ghana acquires another University in Ghana, such a strategy will be called
vertical forward integration- true………………………… false…………………………………
25. If University of Ghana asks a section of its workforce to go home because of recession, such
a strategy will be tantamount to the turnaround strategy- true……………… false-------------------
26. In business policy, liquidation is recommended as a last resort to address company crises –
true………………………………… false………………………………………………………….
27. If the Pan Africa Bank, Ecobank gets to a situation where it cannot pay its debt when they
fall due, this situation will be called a liquidation mood -true………………….. false…………
28. Strategic alliance is the same as joint venture strategy- true……………........ false…………
30. A clear understanding of how a bank will make profit and the corresponding activities will
be its business model – true………………………………..
false……………………………………….
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One of the issues in internal analysis concerns resource utilization. In that lecture the following
concepts come out as critical for the success of an organization such as the University of Ghana;
the concepts are: (a) efficiency, (b) effectiveness and (c) economy. From question 36 – 39, state
whether each of the following events that will be occurring at the University of Ghana will
examples of economy, efficiency and effectiveness.
36. If the average number of week required to complete a semester’s teaching reduces to 10
weeks, where the University’s target is 13 weeks. This will be an example of
………………………………………………………………………………………………………
37. If the University of Ghana’s authorities recruit several hundred qualified lecturers from the
South Africa, to be paid at standard rates of pay for lecturers. The policy aims to reduce the
requirement for excess workload on the current lecturers and for the need to hire agency
lecturers. Such a policy will be clear evidence of
……………………………………………………………
38. If as a result of ICT, the average length of time to teach a 3 credit hour course per week is at
the University of Ghana reduces to one and half hours. This will be a demonstration of
………………………………………...............................................................................................
39. If fewer office consumables are now needed teach students per semester than was previously
the case. This event will concern
……………………………………………………………………………………………………..
40. The two main types of mission statements are the narrow mission and the…………….
A. Broad mission
B. Strategic mission
C. Controlled mission
D. Horizontal mission
E. Vertical mission
A) 2
B) 3
C) 4
D) 5
E) 6
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42. In this strategy a firm integrates forward and aligns with its forward independent firms. This
strategy is called.
A. Vertical forward integration
B. Vertical backwards integration
C. Horizontal integration
D. Conglomerate integration
E. Mergers and acquisition
43. The structure of a firm where there are formal mechanisms to ensure co-ordination across
functional lines by the embodiment of dual authority in the organization structure is known as
the….
A. Matrix structure
B. Functional structure
C. Divisionalised structure
D. Permanent structure
E. Dual structure
44. It presents the view of how a firm organizes its activity to create value for its stakeholders.
This is the firm’s ……………………………………………………………………………….
A. Value chain
B. Strategy
C. Structure
E. Systems
D. internal processes
45. Receiving, handling and storing inputs to the production system is which aspect of the value
chain?
A. Outbound logistics
B. Operations
C. Inbound logistics
D. Primary level
E. Executive activities
A. Objectives
B. Goals
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C. Targets
D. Mission
E. Deliverables
48. In business policy, if President Nana Addo removes the taxes on the importation of spare
parts, this will be an issue considered in the
A. Operating environment
B. Remote environment
C. Industry environment
D. Task environment
E. Internal environment
50. If a firm chooses not to design a formal strategy for doing business in a market, this will be
related to the
A. Rational strategy
B. Free wheel strategy
C. Emergent strategy
D. Deliberate strategy
E. Competitive game plan