Business Management and Strategic Planning Quiz
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Questions and Answers

What is the primary focus of a business organisation?

  • Maximizing profits and shareholder value (correct)
  • Providing social welfare to the community
  • Minimizing competition in the market
  • Ensuring employee satisfaction only

    • What is a common characteristic of a business organisation?

  • Chaotic decision-making process
  • Complete decentralization
  • No defined goals
  • Hierarchical structure (correct)

    • What is the significance of strategic planning in a business organisation?

  • Isolated from the overall business operations
  • Reduces the need for skilled employees
  • Guides decision-making and resource allocation (correct)
  • Increases short-term profitability only

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